Please fill in your details to download the Table of Contents of this report for free. We also do customization of these reports so you can write to us at firstname.lastname@example.org in case you need any other additional information.
Terming the Package as “Growth oriented and visionary”, CMAI president Rahul Mehta thanked Modi and Union textiles minister Smriti Irani.
Identifying scarcity of working capital as a major constraint for the garment industry, Mehta said that the 2 per cent Interest Subvention for New Loans, 2 per cent Additional Subvention for Export Credits and Clearance of Loans within 59 minutes would immensely help the country’s garment industry to address working capital problems. Credit based on Upcoming Receivables under e-discounting system is another welcome step in this direction, he said in a press release.
The garment industry being the most labour-intensive segment of the manufacturing sector, complying with the requirements under various labour laws is a major responsibility for the industry. The present government had initiated some labour reforms for the segment earlier under a Special Package. Stricter Regulation of visits by Inspectors and stipulating that Returns Under 8 Labour Laws and 10 Union Regulations have to be filed now only on annual basis have taken this process further ahead, said Mehta.
He also welcomed social security measures contemplated for workers in the MSME sector. (RKS)
Fibre2Fashion News Desk – India
| On 11th Jul 2020
The European Commission recently published a set of resources to help ...
| On 11th Jul 2020
Inditex, a Spanish fashion retailer, has announced that to accelerate ...
ING Bank, the fourth-largest bank by assets in Romania, launched its...
Surat dominates foiling, embossing and pleating
Leadership & Sustainability
Sustainable models are beneficial for brands, retailers and manufacturers
‘The share of kidswear segment in the online sector is still small in...
Conceived in Europe and curated in New Delhi, NeceSera is a...
Morgan Tecnica offers the largest and most modern range of solutions for...
Jiangsu New Victor is a Chinese mechanical equipment manufacturing...
A team of engineers at the Vanderbilt University has designed a smart...
European School of Business & innovation
Cutting-edge ideas like the Internet of Things and artificial intelligence ...
Swerea IVF AB
Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...
Tahweave & Garo
Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...
Divvya and Nidhhi Gambhir
<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...
She has carved a niche for herself as the national brand of Turkey. Her...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.