Category: General

17 JUL

SRI LANKA: New garment factory opened at Hasalaka

SRI LANKA: New garment factory opened at Hasalaka
BharatTextile.com (subscription), India

New garment factory opened at Hasalaka
COLOMBO: The Minister of Investment Promotion Mr. Navin Dissanayake opened a new garment factory at Hasalaka, Mahiyangana.

The Factory, originally opened by garment industry pioneer Kumar Devapura, is recently taken over by the Sumithra Group of Companies.

The Minister said that this factory is very important to the welfare of the people in the region. He said often the focus has been on negative news such as the prevailing conflict, but there are also positive events such as the opening of a factory that has provided employment to so many young people in a lesser-developed part of the country. Read more about SRI LANKA: New garment factory opened at Hasalaka …

17 JUL

Hoodie the Tories think will be wearing one of these then?

Hoodie the Tories think will be wearing one of these then?
BRIAN BRADYWESTMINSTER EDITOR
Scotsman, United Kingdom

IT MAY have appeared that Adam Smith’s reputation was secured for posterity by The Wealth of Nations, the classic book widely regarded as being the zenith of his career.

But now, more than two centuries after his death, the Scottish philosopher’s standing is poised to soar to unprecedented levels, thanks to a hoodie produced in his name.

A week after Tory leader David Cameron shocked many within his own party with his call for them to understand the “hoodies” – delinquent youths wearing hooded tops – it seems he is not just cruising a wave of liberal sentiment. Read more about Hoodie the Tories think will be wearing one of these then? …

17 JUL

Readymade garment owners say: Over Tk 1,230 as minimum salary won't be acceptable

Readymade garment owners say: Over Tk 1,230 as minimum salary won’t be acceptable
The New Nation, Bangladesh

Country’s ready-made garment owners yesterday said that they would not accept more than Tk 1,230 as minimum salary for their workers.

‘If the minimum salary for garment workers is fixed more than Tk 1,230 from the existing Tk 930, many of the garment factory owners will have no alternative, but to close down their factories,’ they said taking part in a discussion at the new office of BGMEA yesterday. The salary of the workers should be enhanced in such a way that the workers do not lose their job in one hand and the factories remain in operation, they said. Read more about Readymade garment owners say: Over Tk 1,230 as minimum salary won't be acceptable …

16 JUL

High price paid for cheap UK clothes

High price paid for cheap UK clothes
Guardian Unlimited, UK

Workers endure up to 84-hour weeks to survive
Karen McVeigh in Dhaka
Monday July 16, 2014
The Guardian

Two toddlers sit on a rusting grille platform built on bamboo stilts at the entrance to one of Bangladesh’s fastest-growing housing developments.
Three feet below them lies a festering mound of rubbish, into which a gushing waste pipe from a nearby factory discharges. Beyond them are rows and rows of windowless, airless, corrugated iron rooms, stacked on top of each other like chicken coops. Read more about High price paid for cheap UK clothes …

16 JUL

Garment exporters heave sigh of relief

Garment exporters heave sigh of relief
Economic Times, India

MUMBAI: Although the garment exporters feel the government has not met the needs of the industry to the fullest extent in the package for exporters, the general feeling is that of relief and hope. The industry is now hopeful that they will be able to meet the target of $160 billion set for 2014-07.

“The decision to increase duty drawback rate by 3% and the reduced interest rate on pre-and-post shipment credit by two percentage points will bolster the morale of the industry and they will be able to recover at least part of its recent losses,” Rahul Mehta, president, Clothing Manufacturers Association of India (CMAI), said. Read more about Garment exporters heave sigh of relief …

14 JUL

More tax evasion cases Now its a garment export unit

More tax evasion cases Now its a garment export unit
Express News Service
Ludhiana Newsline, India

Ludhiana, July 13: After the detection of tax evasion to the tune of Rs 15 crore this April by Vishvkarma Alloys, the Central Excise Department has detected yet another fraud—involving another Rs 15 crore.

In a comprehensive investigation against a garment export house based in industrial area A, the department found it has claimed rebates worth Rs 15 crore over last three years. Duty invoices of Rs 12 crore were found bogus and further investigations are on, revealed VK Garg, Chief Commissioner, Central Excise Commissionerate, Ludhiana. Read more about More tax evasion cases Now its a garment export unit …