>>
Home / Knowledge / News / Textiles / Slew of incentives & tax breaks to lure FDI in T&C sector

Slew of incentives & tax breaks to lure FDI in T&C sector

04
Dec '08
Philippines though not having a very big garment and textile industry compared to its other illustrious neighbours like Indonesia, Sri Lanka and Bangladesh etc, the sector is quite vibrant but with modest export growth rates. Now in order to counter the reduced inflow of foreign investments in the sector due to the economic meltdown, the government has announced various incentives and tax breaks to attract investments.

From among the main measures announced by the government is allowing duty free import of textile machinery for those foreign investors who are interested in setting up textile and garment units in a special zone near the capital, Manila. The proposed hub is located in Clark, a former base of US armed forces, north of the capital city. The government is contemplating setting up of a textiles and garments park at the location.

A lot of companies from the sector are intending to shift their operations from China, Hong Kong and Taiwan and Philippines wants to attract them to this location by providing incentives and tax breaks. This incentive is meant for those companies who had proposed investing, but have postponed their plans due to the ongoing global crisis. Foreign direct investments in the country have fallen by 56 percent in the first eight months of the current year compared to the same period of the previous year.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 26th May 2022

CKFTA offers opportunities for Cambodia’s downstream processing sector

The Cambodia-South Korea Free Trade Agreement can help boost...

Pic: Shutterstock

Textiles | On 26th May 2022

China's logistics business expands in Jan-Apr 2022

China's logistics sector saw steady growth during January-April 2022, ...

Pic: Shutterstock.com

Apparel/Garments | On 26th May 2022

US apparel import from India jump 44% in March compared to Oct ’21

Apparel imports of the United States from India stood at $625.830...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Textile Industry, Head honchos

Textile Industry
Head honchos

Led by MMF, Indian apparel exports likely to double in next 3 years

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Ankur Bhatia,

Ankur Bhatia

Columbia Sportswear Company connects active people with their passions...

Dr. Ajay Sahai,

Dr. Ajay Sahai

Set up in 1965 by Ministry of Commerce, Government of India to focus the...

J Vargas,

J Vargas

With a vision to be the world's top tier textile manufacturer, Badjatex...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Frank Heislitz, Freudenberg Performance Materials

Frank Heislitz
Freudenberg Performance Materials

Freudenberg Performance Materials is a leading global manufacturer of...

Tonny De Beer, PFNonwovens

Tonny De Beer
PFNonwovens

PFNonwovens (PFN) was established in 2018 by the combination of two...

Alvaro Mars, Label -  Alvaro Mars

Alvaro Mars
Label - Alvaro Mars

Alvaro Mars is designer of his eponymous and a non-binary brand that plays ...

Ester Kubisz, Label - Ester Kubisz

Ester Kubisz
Label - Ester Kubisz

Ester Kubisz, a London-based designer and founder of her eponymous label,...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

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

Leave your Comments

ESTEEMED CLIENTS

Kern – Liebers Textile
Saurer Textile Solutions Pvt. Ltd.
Performance Days
KAS Direct Sourcing
Palexpo SA
Chico’ FAS
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
DyStar India Pvt. Ltd
Maceton Limited
Reiter India Private Limited
FULGAR SpA
Benetton Group
Groz-Beckert KG
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Mesdan SPA
Xtema - Thomas Lebherz Textilmaschinen
H. Stoll AG & Company KG
Groz-Beckert East Asia LLP
Chori Company Limited
BRINKMANN GMBH
BIMBA ;& LOLA SL
DuPont de Nemours, Inc.,
NV Michel Van de Wiele
Coats Digital Limited
IDH – The Sustainable Trade Initiative
Tradewind International Servicing
Indo Tex
Haelixa AG
APLF Limited
Eurofins BLC Leather Technology Centre Ltd
Weitmann & Konrad GmbH & Co. KG
Officina Meccanica Dora Enrico Srl
IIGM Private Limited
Tory Burch Hong Kong Ltd
Thermore (Far East) Ltd.
International Sourcing Expo Australia
Under Armour Global Sourcing Ltd
Phong Phu international JSC (PPJ)
Babyshop
The LYCRA Company Singapore  Pte. Ltd
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Rayonese Textile Inc., Division de Culp Inc.
Page Industries Limited (Bangalore)
MAS Active / MAS Kreeda / MAS Bodyline
Landmark Group
Calvin Klein
Hirdaramani International Export Private Limited
Shanghai  Aige Exhibition Service Co., Ltd
Recron Polyester from Reliance Industries Limited
Bluesign Technologies Ag
EUROVET ASIA LTD
Rieter India Private Limited
X-Rite Asia Pacific Limited (HK)
Lululemon Athletica Inc
UBM China (Shanghai)
GHCL LIMITED
Lenzing Aktiengesellschaft - India
TEXVALLEY MARKET LIMITED
Tchibo GmbH
Italian Trade Commission
Zydex Industries
Colours India Inc
CGS Inc.
SHAHI Exports Pvt Ltd
Arvind Limited
Lacoste (Wanchai)
NITI Aayog
Jindal Worldwide Limited
BTC Textiles LLC
Midas Clothing Limited
JES MEDIA, INC
PVH Corporation
Centric Software
FESPA (Reigate)
Infor (Hong Kong) Limited
H;&M Hennes ;& Mauritz (Far East) Ltd
Savio Macchine Tessili S.P.A.
Copenhagen Fashion Summit
Lottmann Communications
Guess Europe Sagl,
Tuyap Tum Fuarcilik Yapim A.S.
Flainox S.r.l.
USTER
Aquarelle Clothing Limited
Gokaldas Exports Limited
COTTON COUNCIL INTERNATIONAL
Sateri (Jiujiang) Fiber Co.,Ltd
C;&A Sourcing International Ltd
Puma
Desigual - ABASIC, S.A.
Thai Acrylic Fibre Company Limited
Lifestyle
Gatsby Africa
IKEA of Sweden AB
Marzoli Machines Textile s.r.l.
Mayer & Cie. GmbH & Co. KG
Brandix Lanka Limited
Alix Partners
VNU Exhibitions Asia
Sainsbury's Argos Asia Limited
EPCH
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
ZAITEX spa
Decathlon
Tommy Hilfiger
Indofil Industries Limited - Specialty & Performance Chemicals Division
Pt. Peraga Nusantara Jaya Sakti
Target Corporation (MN)
Vianney Textil Hogar S.A. De C.V.
Nandan Denim Limited
Color Service s.r.l.
The LYCRA Company Singapore  Pte. Ltd
BTSR International S.P.A.
Messe Frankfurt Exhibition GmbH
Alison Hayes Romania
OVS Hong Kong Sourcing Ltd.
Cat Tuong Real Estate Group Joint Stock Company
Newtech Textile Technology Development (Shanghai) Company Limited
Recron Polyester from Reliance Industries Limited
Gap International Sourcing Limited
The Top Form Brassiere Manufacturing Company Limited
GIOVANNI BOZZETTO S.p.A.
Vardhman Textile Ltd
N9 World Technologies Private Limited
KIABI
Zünd Systemtechnik AG
Lenzing Aktiengesellschaft
TESCO INTERNATIONAL SOURCING LIMITED
Restoque S.A.
Lectra Technologies India Pvt Ltd.
Comasia Limited
THE BOMBAY DYEING ;& MFG.CO. LTD
Thai Trade Center
Datatex Consulting Srl
SYNERGIES HONG KONG LIMITED
Truetzschler India Private Limited
Taiwan Textile Federation (TTF)
Stahl Holdings B.V.,
Abit
Helly Hansen Far East Ltd
Datacolor AG Europe
Karl Mayer Textilmaschinenfabrik GmbH
China World International Exhibition Company Limited
TESTEX AG, Swiss Textile Testing Institute
Shima Seiki Mfg. Ltd.
K AND D ITMACH EXPOSITIONS LLP
Jiangsu Yingyang Nonwoven Machinery Company Limited
Loris Bellini S.r.l.
Istanbul Fuarcilik A.S.
GERBER TECHNOLOGY LTD.
Eastman Chemical Company
Walmart
Aramark Uniform ;& Career Apparel, LLC
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Grasim Industries Limited
G.A.S. unternehmenskommunikation gmbh
G-Star Raw C.V.
Messe Duesseldorf
Splash
John Varvatos
Hela Clothing Pvt Ltd
Sportmaster Ltd.
Meera Dyestuff Industries
TÜYAP IHTISAS FUARLARI A.S.
Seasalt Limited
Bluestem Global Sourcing Limited
Itema Weaving (India) Private Limited
BIANCA
Woolmark Services India Pvt. Ltd.
Gloria Jeans
International Textile Manufacturers Federation
Green Fibre
EMBEE CORPORATION
Rosset ;& Cia Limited
CSGIA(China Screen Printing & Graphic Imaging Association)
Permoda(Koaj/Armi/Pronto/Bkul)
LC Waikiki
Aleph Srl
Sportswear Company Spa
Dow Silicones Corporation
Applied DNA Sciences Inc
Asos
Boardriders Asia Sourcing Limited
Kornit Digital Asia Pacific Ltd
J ;& P Coats
Esprit Europe Services GmbH
Nihalani Events Management
Huntsman (Singapore) Pte Ltd
Brückner Trockentechnik GmbH & Co. KG
Amazon China
IFF Media Ag - International Media Services
Varner AS Retail
Equinox Impex India
Etam Group Strategy Hong Kong Limited
Lisa S.P.A.
T.T. Limited
ITMA Services Pte Ltd
Inter Expo Center Ltd.

May 2022

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


Advanced Search