CHINA: Textile machinery import on the rise[Oct 21, 2007] According to the General Administration of Customs, China has imported US$ 2.69 billion worth of textile machinery in the first seven months of this year, a growth of 28 percent year-to-year. The growth rate was 8.8 percentage points higher than that for the whole of last year.
PAKISTAN: Govt offers incentives to attract investmentMEM [Aug 29, 2007] Pakistan will try to attract global manufacturers of shuttle-less textile machines to encourage them to set-up manufacturing units in Pakistan. The proposed 10 year tax holiday is expected to attract investment. The proposed initiatives
INDIA: Reduce excise duty on imported textile machinery: SISSPAMEM [Aug 27, 2007] The South India Small Spinners Association has asked the Centre to lower the excise duty on imported Auto Coner and Comber machines. In a resolution adopted at its 16th Annual General Body Meeting held here,
USA: Industrial Nanotech reveals advertising schedule[Aug 16, 2007] At the International Exhibition of Textile Machinery (ITMA), Nansalute will be presented by Industrial Nanotech’s Turkey distributor Kolorgen Ltd. Nansalute is Industrial Nanotech’s patented, nanotechnology based, energy saving coating line.
INDIA: Texile machinery availibility should be increased[Aug 08, 2007] A working group in the textiles ministry has suggested the transfer of the textile machinery industry from the Ministry of Heavy Industries to the textile ministry,