Home / Knowledge / News / Apparel/Garments / Garment economic zones in the offing
Garment economic zones in the offing
22
Jan '11
The Philippines government may revive its plans to set up economic zones for apparel exporters on the back of the soaring demand for apparels from China, which is likely to cause factory expansions.

The zones would be required as the efforts to earn duty free access to the US markets have been held up leaving all the predictions of rise in the exports and investments unattained.

However, according to the government officials, they have not dropped the Trade Department's plan to set up garment and textile town which would accommodate an integrated industry and offer income tax breaks and other similar benefits to the members. The department proposed this plan as back as in 2008.

It was intended to set up three economic zones in Cebu, Clark and Cavite regions, where players from the entire garment supply chain, right from the textile units to garment compilers and logistics firms would unite on one platform.

Though this plan for setting up the economic zones was aimed at serving the US orders after gaining the preferential access, but now even in the absence of the same the plan can be utilized for China.

A decision in this respect may be taken within two months after completion of the ongoing analysis.

The retailers of high-end garments in Philippines were eyeing foreign garment suppliers, as the local garment firms having specialization in the bulk market products were not being able to fulfil the rising demand for luxury apparels.

Philippines should use this opportunity and capitalize on the Chinese market by means of its strong hold on the high-end apparels segment.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Apparel/Garments | On 25th Mar 2017

Net sales at Christopher & Banks fall 10% in Q4

Net sales totalled $85.0 million for the fourth quarter ended January ...

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search