Home / Knowledge / News / Textiles / Brazilian state expects 2400 new jobs in textile sector
Brazilian state expects 2400 new jobs in textile sector
22
Aug '13
The textile sector of state of Mato Grosso do Sul in Brazil is expected to attract 40 new industries as well as create 2,400 new jobs as various sectors in the state signed an agreement for the extension of tax incentives until December 31, 2028.
 
The agreement for the extension of tax incentives was signed between the Governor of Mato Grosso do Sul, Andre Puccinelli and Sergio Longen, president of the Federation of Industries of Mato Grosso do Sul (FIEMS).
 
According to a statement issued by FIEMS, Sergio Longen, president of FIEMS said the Act permits the resumption of investment by the industries, including textile industries, thereby ensuring competitiveness in the sectors.
 
Governor Puccinelli said the law is one of the most modern in Brazil, spanning over 15 years, and it took 3 years to make necessary adjustments to include all the segments of industries.
 
The business owners in the state would have the security to resume investments and expand projects that can further contribute to advance the state’s industrialization process, he added.
 
According to the statement, José Francisco Veloso, president of the Sindivest and Intermunicipal Union of Industries Clothing, Weaving and Spinning of Mato Grosso do Sul, said the goal is to increase the number of jobs in the sector by 20 percent in the next two years.
 
Currently, there are 12,000 direct jobs generated by the sector, he added.
 
Mr. Veloso said the incentives are important as they will allow the industry to become more competitive in relation to the cost of production.
 
He further said that the garment sector has worked to meet demand while reducing costs by deploying technology and invested in staff training to support FIEMS.
 
The agreement puts a condition that the 15-year benefit in tax incentive would be given after taking technical opinion from FIEMS.
 
The industries that meet the expansion plans and investments according to the law would continue to avail benefits from the Act.
 

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Pranav Mishra
Huemn

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search