Indian apparel exports growth may remain flat or at the most see a marginal rise this year, due to factors like the goods and services tax (GST) implementation, rupee appreciation against the dollar and sluggish global demand.
Industry representatives have hazarded single-digit growth in apparel exports due to disruption in the textile value chain along with rise in raw material costs.
According to Rahul Mehta, president of the Clothing Manufacturers' Association India (CMAI), the rise in minimum wages and rupee appreciation have resulted in estimates of sluggish growth in apparel exports.
The rupee has risen to 64.2 against the dollar from 66.5 last August. This is in contrast to six consecutive years of depreciation. India had posted $17 billion worth of apparel exports in 2016-17.
According to an official at the Apparel Exports Promotion Council (AEPC), India reported a marginal 5 per cent growth in apparel exports worth $6.9 billion for the period April-July 2017.
"We had earlier anticipated 15 per cent growth in apparel exports. However, things appear sluggish now. Apart from the GST implementation and rupee appreciation, what has also been affecting the industry is the rise in raw material prices and labour wages," said Mehta.
Further, the global apparel trade has also shown no signs of reviving, resulting in subdued demand in key importing countries. This may result in India’s apparel exports continuing to remain volatile, says a report by ICRA.
"Although we have witnessed brief phases of growth in the past 18 months, the trend has been unsustainable and has failed to instil confidence. In such a scenario, sustained growth in India’s apparel exports remains challenging. The challenges have been further augmented by the appreciation of the rupee in recent months, which has reduced competitiveness of Indian exporters vis-a-vis global counterparts," said Jayanta Roy, senior vice-president and group head, corporate sector ratings, ICRA.
According to the report, the apparel and fabric industry has been facing headwinds as a result of temporary disruptions caused by demonetisation and the transition to the GST regime. The impact of these developments has been more pronounced on the highly fragmented fabric segment, with fabric production declining by 1 per cent in the first quarter of 2017-18 following flat production in 2015-16 and a 2 per cent decline in 2016-17.
Despite significantly higher raw material prices, the revenues of fabric manufacturers in ICRA’s sample grew by amodest 4 per cent in the first quarter of 2017-18 pointing towards a steeper de-growth in sales volumes vis-a-vis production volumes.
"De-growth in fabric sales volumes in the first quarter was higher than the aggregate nation-wide production degrowth of 1 per cent due to the clearance of channel inventory by intermediaries prior to the GST implementation," Roy added.
As a result, ICRA noted that although the profitability of export-oriented players had been protected to an extent by prudent hedging practices, sustained strength of the rupee might exert pressure on their pricing ability and hence demand and profitability.
"Notwithstanding the likely pressures on profitability, debt levels are expected to decline with the industry focusing on sweating the existing assets more and undertaking limited debt-funded capacity additions. As a result, ICRA expects the financial risk profiles of Indian exporters as well as domestic-focused apparel/fabric manufacturers to remain steady in the near term," the report further stated.
Source: Business Standard
The Indian Central Board of Excise and Customs (CBEC) has clarified that all manufacturers need not necessarily register themselves under the new Goods and Services Tax (GST) regime, effective from July 1. A manufacturer dealing only in exempted goods, or where its turnover is only intra-state and below Rs 20 lakhs, is not required to be registered.
For small traders, manufacturers and restaurants whose turnover is up to Rs 75 lakhs, there is an optional alternative provision of ‘Composition levy’ of 2 per cent, a kind of turnover tax. The turnover cap is Rs 50 lakhs for special category states Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura and Himachal Pradesh.
However, manufacturers of ice-cream, pan masala or tobacco products and service providers other than a restaurant are not eligible for the composition scheme, the CBEC said on its website in a frequently-asked questions document on micro, small and medium enterprises (MSME).
The option to pay tax under composition scheme will lapse from the day on which a person’s aggregate turnover during the financial year exceeds the cap figure. Moreover, a person paying tax under the composition scheme will file quarterly tax returns, can maintain accounts manually and cannot take input tax credit on the supplies received, the board said.
The board further clarified that GST is a destination-based consumption tax, in which when a supply originates in one state and is consumed in another, taxes accrue to the state where the supply is consumed. (DS)
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To ease the pains caused by Goods and Service Tax (GST) on small scale textile manufacturers, the Telangana state government earlier this month had brought out a textiles and apparel policy. The policy speaks of incentives and land allocation for a mega-textile park, however the sector has responded with mixed reactions. Textile sector exporters have had to keep their selling prices high mainly due to stiff competition from China and Bangladesh and a strong rupee.
Following which export orders that were mostly fulfilled by small scale textile manufacturers started drying up. “Now with GST, garments sector has lost competitive edge. We used to have excise duty exemption but not anymore,” said Ramadevi Kannegati, president, Association of Lady Entrepreneurs of Andhra Pradesh (ALEAP). “In garmenting, corporates used to give small textile traders bulk order mainly due to excise exemption but now that we are under GST that attractive factor is gone. Also tax has to be passed on to consumer making product costlier, now we are not able to compete as small players and big players compete together.
There is a fear that we will lose orders,” she added. With regard to states new textile policy, Kannegati said, “The state will bear cost of providing incentives but for how long? The state is then deprived of revenue. This is not an overall industrial policy, TS is at loss. The policy intervention should be to encourage handloom and it should be a central policy.
But we are grateful the state has come up with this.” “All states are giving incentives but further incentives with good infrastructure is needed. Land allotment for the megatextile park is just on paper,” said A Prakash, president, Telangana State Textile Association. “Instead of textile, the government should focus on technical textile industry where there is a larger scope in India,” he added.
Most rural traders lack GST expertise According to Prakash, most rural traders lack expertise in GST and are struggling to file returns. “The technical training provided by the state goverment was just theorybased. Hands-on practical training on computers need to be given to traders. Many were unprepared to shift to GST as the sector was included in GST much later,” Prakash added.
Source: Indian Express
Directorate General of Anti Dumping & Allied Duties, ministry of commerce and industry, Government of India, has initiated anti-dumping investigation concerning imports of “Nylon Filament Yarn (Multi Filament)” originating in or exported from EU and Vietnam. The product under consideration is “Synthetic Filament Yarn of Nylon” also called polyamide yarns.
The investigation has been initiated following an application filed by JCT Limited, Gujarat Polyfilms Pvt Ltd, Gujarat State Fertilizers and Chemicals Ltd, Prafful Overseas Pvt Ltd, and AYM Syntex (formerly known as Welspun Syntex). There are five other Indian producers of the product, namely, Salasar, JPB Fiber, Gupta Sythetics Limited, Century Enka, and Oriilon India Pvt Ltd. All the other producers have supported the application.
DGAD found sufficient prima facie evidence of dumping of Nylon Filament Yarn (NFY) originating in or exported from the European Union and Vietnam, causing ‘injury’ to the domestic industry. “Causal link between the dumping and ‘injury’ exists to justify initiation of an anti dumping investigation,” an official notification said.
The investigation will determine the existence, degree and effect of any alleged dumping and recommend the amount of antidumping duty, which if levied, would be adequate to remove the ‘injury’ to the domestic industry.
The period of investigation proposed by the applicants was April 2015 – September 2016, however, DGAD has taken the period of investigation as October 2015 – March 2017 (18 Months). The injury investigation period shall cover the periods 2013-14, 2014-15 and 2015-16 and the period of investigation.
NFY is a synthetic filament yarn 2 produced by polymerisation of organic monomers. The product under consideration is multifilament, and includes all kinds of synthetic filament yarns of nylon or polyamides, such as flat yarn - twisted and/or untwisted, fully drawn yarn (FDY), spin drawn yarn (SDY), fully oriented yarn (FOY), high oriented yarn (HOY), partially oriented yarn (POY), textured yarn – twisted and/or untwisted, and dyed yarn, single, double, multiple, folded or cabled, classifiable within Chapter 54 under customs subheading no. 5402.
The product includes all variants of nylon filament yarn or polyamide yarns such as flat/ textured/ twisted/ untwisted, bright/semi-dull/full-dull (or variants thereof), grey/ coloured/ dyed (or variants thereof), single/double/ multiple/folded/cabled (or variants thereof), whether or not sized, but excludes high tenacity yarn of nylon classifiable under customs subheading 5402.
The major end uses of NFY are in home furnishing and industrial application areas such as curtains, sewing and embroidery thread, upholstery, fishnets etc. (RKS)
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Iran has had a long and successful history of manufacturing textiles. The Persian Gulf state was one of the world’s premier exporters of textiles and silks to Europe, Asia and the rest of the world. The first textile mill in Iran was established over a century ago in the capital Tehran.
The Iranian textile industry is mostly known for its carpet industry, which includes the production of machine-made and hand-woven carpets and blankets. However, the local production of textile products like fiber, yarn and fabrics, etc. remains insufficient to fulfill the growing needs of textile and garment industry, reads a post recently published in Stitch Diary—a blog dedicated to textile industry—by its author Mausmi Ambastha. Below is the full text:
Lifting of Int’l Trade Restrictions
Sanctions regarding trade are one of the most potential threats to affect Iran’s economy and foreign investment. The nature of the sanctions variably depends on its extent and fluctuations.
After the signing of the nuclear agreement, the world is eying to do business with Iran. The lifting of international trade sanctions will lead to regional trading boom in the textile industry.
For booming up the trade, Iran requires a great support from trade partners to improve textile weaving, designing and printing to become a promising country in the field of trade.
Iran has been making huge efforts to increase the industry’s competitiveness. It aims to resume the import of fabrics from the countries producing the best quality material.
The country is very keen on welcoming foreign companies for investments regarding the new machineries. This would also result in enhancement and development in the production process for Iran.
For example: TK Chemical Corp, a spandex manufacturing group of Japan, successfully established a long-term relationship with Iran in 2016 after its exports rose enormously from 2001 to 2015. The company also aims to set up joint ventures with many local companies to spread their business.
Market Potential of Iran
In the recent past, domestic textile and clothing production in Iran have been rather limited. Nonetheless, there is huge potential in Iran to emerge as a future textile and garment hub.
Iran is around $2 billion market for textile and clothing, which is a huge number. There are numerous factories in Iran, which are specialized in producing different kinds of high-end fabrics for export to Europe. Below are some of the factors that prove Iran can turn out to be an emerging country in the field of textile and apparel trade.
• Iran imported nearly $1.5 billion of manmade fiber textiles during 2013 from countries like China, South Korea, Turkey, Germany, etc.
• Iran’s textile and apparel exports grew up by 8.1% in the fiscal year ended March 20, 2017. The statistic shows that nearly 5,700 tons of hand-woven Iran carpets, valued at $345.7 million, were exported during the said period, marking a 7.5% and 18.4% YOY growth in volume and value terms, respectively.
• Iran also performed well in the apparel segment. The country exported 3,800 tons of apparel items worth $46.2 million, up 2.6% in volume and 3.9% in value when compared to the previous fiscal.
• Iran’s 2025 Vision Plan has identified textile and clothing as one of the potential industries for expansion. The plan basically emphasizes the need for technological advancements and improvement in productivity.
• Iran has a good availability of raw materials, manufacturing facilities and cheap labor that work as an attraction to foreign countries. Iran has huge untapped potential that could be beneficial to many foreign investors.
• Certain nationalities, including Italians, are fascinated by Iranian culture as university professors praise and promote Iran’s culture and traditions in their classes.
Benefits for Other Countries
• With Iran eying to normalize trade with other countries, other countries see huge potential. The companies of Hong Kong may find better opportunities for supplying machinery, fabrics and other ancillary items.
• Among European countries, Italy is the leader in terms of clothing exports to Iran, with Italian products accounting for 52% of European apparel items exported to the country. France ranks fourth in this respect.
• India’s market share is around 4% and hence the Iranian market offers substantial scope for Indian exporters. Moreover, the agreement between India and Iran to facilitate 100% trade in rupee terms has opened vast opportunities for exports of Indian products to Iran, including textiles, garments, etc.
• Bangladesh also entered into contacts with Iran for the export of viscous fiber and jute yarn.
Steps to Boost Domestic Industry
The Iranian textile and apparel industry has about 9,818 active units, constituting 11% of all the industrial entities in the country. These units have created more than 2.9 million direct jobs, accounting for 13% of all the industrial jobs in Iran.
The country is planning to set up a new apparel industrial town with the aim of limiting exports and boosting domestic production. The main agenda is to make the price of Iranian clothing more competitive. This establishment can prove to be highly beneficial for the country, as it will lead to increase in quality and will help reduce production costs.
A recent article published in Fiber to Fashion mentioned Ali Yazdani (chairman of Iran’s Small Industries and Industrial Parks Organization) as saying, “The private sector of Iran is responsible for developing the manufacturing and trading spaces, while the public sector will develop its infrastructure. About 3,000 to 5,000 square meters of area are dedicated to each of the services and production unit. Close to 30 trillion rials ($791.139 million) will be invested to develop an area of 1 million square meters.”
This clearly shows the potential that the Iranian government is putting into the textile and apparel sector to create their own space in the global market.
Conclusion
From the recent past, Iran has seen a progressive reduction in tariffs from 300% during sanctions to the present 55%. The high tariffs had resulted in “unofficial” imports being over 10 times the volume of “official” imports. Hence, trade associations have been working with the government for reduction in import duties to international levels.
Iran has great potentials to become a fashion center in the world, as textile manufacturers can produce unique fabrics with traditional and innovative designs. The country is also capable of producing fine garments by using Iranian-Islamic designs that are different and more intricate compared to western clothes.
Although Iran is a small market compared to other potential markets, there is a scope for growth in the immediate future.
Source: Financial Tribune
Having seen the maximum number of textile mills closed in a year, the state of Tamil Nadu today has the dual distinction of holding the maximum number of textile mills and the maximum number of the shutdowns. In 2016 a total of 232 textile mills were shut in Tamil Nadu, the highest for any state. Also, Tamil Nadu continues to hold the largest number of operational textile mills too – 752. This is important because while Tamil Nadu accounts for less than 2 per cent of the country’s total raw cotton production, it has almost half of cotton spinning capacity in the country.
Apart from Tamil Nadu, the numbers of operational mills in Maharashtra also declined by 85 while those in the state of Uttar Pradesh declined by 60.
As per the latest government data, Minister of Textiles disclosed that there are 1399 operational, non-small scale industry (Non-SSI) textile mills in the country. Tamil Nadu topped the list with 752 mills followed by Maharashtra (135), and Andhra Pradesh (112 mills). As per the data, the states of Assam, Bihar, Chhattisgarh, Daman & Diu and Manipur incorporated no single textile mill in the last year. This is because Assam and Bihar saw the closure of 8 and 6 mills respectively leaving them with none at present. The states comprising one mill each are Goa, Jammu & Kashmir and Jharkhand.
In order to set up new textile mills in the country, the Government launched the Amended Technology Upgradation Fund Scheme (ATUFS) on January, 2016. Under the scheme, certain benefits were made available such as one time capital subsidy at 15 per cent for the garmenting and technical textiles segments with a cap of Rs.30 crores and 10 per cent for segments including weaving, processing, jute, silk and handloom with a subsidy cap of Rs 20 crore.
According to the textile minister Smriti Irani, “Government launched Scheme for Production and Employment Linked Support for Garmenting Units (SPELSGU) on July, 2016, under which an additional subsidy of 10 per cent was made available to new textile units.”
On the contrary, 682 non-small scale industry textile mills have been closed recently, out of which, 232 were closed in Tamil Nadu, Based on a report done by Office of the Textile Commissioner, 610 cotton or man- made fibre textile mills (Non-SSI) were closed having 300697 numbers of workers on their payroll.
Minister of State for Textiles, Ajay Tamta said that Ministry has been implementing the Textile Workers Rehabilitation Fund Scheme (TWRFS) with effect from 1986.
He added, “Under the scheme, interim relief is provided to textile workers rendered unemployed as consequences of permanent closure of private non-SSI mills. It has been decided to merge this scheme with Rajiv Gandhi Shramik Kalyan Yojana with effect from April, 2017.”
Source: Business World
J Thulasidharan, managing director of Coimbatore based The Rajaratna Group of Mills, will continue as president of Indian Cotton Federation, formerly known as South India Cotton Association, for 2017-18. At its 38th Annual General Meeting, the Federation elected P Nataraj and KN Vishwanathan as vice presidents. Atul P Asher was elected as honorary secretary.
Thulasidharan is currently chairman of The Confederation of Indian Textile Industry (CITI), New Delhi, the apex body representing the entire textile industry in the country. He has also served as the chairman of The Southern India Mills’ Association (SIMA), president of Open End Spinning Mills Association and SIMA Cotton Development & Research Association (SIMA CD&RA). He also holds directorship in Coimbatore Capital Limited and Coimbatore Commodities Limited.
Speaking at the Annual General Meeting, Nataraj said farmers have sown more cotton this season compared to the previous one due to normal monsoon and higher price realisation compared to other cash crops. Expecting a bumper crop, he said the challenge would be in managing the fibre as mill consumption has decreased significantly.
Atul Asher estimated 2017-18 crop to increase by at least 10 to 15 per cent over the previous season’s acreage.
As on August 24, the area under cotton had grown by 6.4 per cent year-on-year or an increase of 7.23 lakh hectare, crossing the record 120 lakh hectare, according to the data with the Union ministry of agriculture.
Meanwhile, the Cotton Advisory Board (CAB) comprising representatives from the textile industry, trade, ginners and government officials, has earlier this month estimated cotton crop at 345 lakh bales for the 2016-17 season. (RKS)
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In China, nylon FDY70D/24F SD and FDY40D prices rolled over in the third week of August. Nylon DTY prices edged up US cent 1 a kg while 30D/10F was up US cents 10 a kg on the week.
Monofilament 30D prices were stable while nylon staple fiber 1.5D prices were kept firm during the week.
Nylon filament yarn market in Asia held firm on easing cost pressure, although nylon chip market declined sharply on the week. Fundamentals were moderate on the back of cautious production, modest demand and passable inventory.
Nylon textile yarn plants operated at 70% rates, as majors still ran at high capacities on healthy profit margins of FDY and monofilament amid strong demand, although the profit margins of POY and DTY were anemic.
Overall, nylon yarn market is expected to edge down in coming weeks.
Courtesy: Weekly PriceWatch Report
Several textile traders from Ahmedabad and Surat in Gujarat are unable to file their returns despite receiving their GST numbers, according to industry sources. Many of them applied for GST registration numbers in July and received them in August, and hence could not file their returns for July. Other traders who purchased from them filed their returns but they have not received tax credits.
The traders transacted business in the belief that the ARN number allowed them to do so. The last date for filing returns is August 25. After they contacted the GST helpline about the problem of not being able to file returns for July, it was found that the the GST network is still working on the issue. The problem is that many traders will not get a tax credit if they do not file the July return. Meanwhile, registrations of many traders who did not apply or failed to apply for GST registration numbers stand to be cancelled. In North Gujarat alone, registrations of more than 5,000 traders are likely to be cancelled by the authorities, according to industry sources.
The process of migration from the old system to GST was introduced for traders in the VAT, Excise and Service Tax Departments from January. Accordingly, about 85,000 traders had applied for the migration number through the VAT department. While most of them got their migration numbers for GST from July, many traders did not apply for the migration number and stopped filing returns.
The VAT department has now sent them a notice that their registration numbers will be cancelled, if they do not submit proper reasons and answers. This has caused uncertainty in the local markets of Surat and Ahmedabad, industry sources said.
Source: Textile Excellence
Over 95 exhibitors from India's textile industry showcased their products at the global textile and light industry expo held in Russia, industry lobby Ficci said on Wednesday. The Federation of Indian Chambers of Commerce and Industry said it organised the India Pavilion at the 49th International Textillegprom at Moscow from August 29 to September 1 in collaboration with the SRTEPC (Synthetic and Rayon Textiles Export Promotion Council). "Textillegprom 2017 brings together industry leaders from India, Russia, Central Asia and other countries to a single platform to interact and discuss collaboration in the textile industry. The India Pavilion comprises over 95 exhibitors from the textile industry in India," Ficci said in a statement. "The prime objective of the participation is to realise the complementarities between the textile industries of India and Russia, and the CIS region in general. They will have structured B2B (business-to-business) interactions to explore opportunities for business partnerships," it said. The statement added that the delegation from India to Russia headed by the Karnataka Minister of Textiles R.M. Lamani and Ministry of Textiles Secretary Anand Kumar Singh comprised of leading companies from the Indian textiles industry.
Source: Sify News
The training follows a curriculum developed by the Promotion of Social and Environmental Standards in the Industry (PSES) project.
PSES is a joint project of the governments of Bangladesh and Germany, implemented by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, which works on behalf of the German Federal Ministry for Economic Cooperation and Development.
“GIZ has been immensely cooperative and practical,” said Jacob Clere, SMART Myanmar Team Leader. “They have provided us with expertise and knowledge resources which PSES developed over more than 10 years.
“With this programme, we aim to help Myanmar dodge the environmental destruction which so many of the world’s other garment and textile industries have faced.”
SMART Myanmar is the largest not-for-profit technical-training initiative in Myanmar’s industrial sector.
It has trained hundreds of managers and dozens of garment factories on various social and environmental topics.
The Chemical Management and Detox programme is the newest addition to the project’s several on-site consultancy and training modules.
Source: The Nation
The clothing and flower cloths, known as paj ntaub, illustrate the profound relevance of textiles as infrastructure in the China- and Southeast Asia-based Hmong culture and highlight an art form that shifted as it adapted to fit new realities.
In addition to the textile pieces, Cloth as Community: Hmong Textiles in America will feature activity stations throughout the exhibition, as well as feature photographs of contemporary Hmong women and children in traditional dress by local artist Peter Kastan.
“Not only will we be showcasing the unique talent of Hmong artists, but our exhibition will also allow visitors to engage with personal stories of immigration, travel and culture,” said Keidra Navaroli, the center’s assistant director and curator.
“Not only will we be showcasing the unique talent of Hmong artists, but our exhibition will also allow visitors to engage with personal stories of immigration, travel and culture,” said Keidra Navaroli, the center’s assistant director and curator.
The story of Hmong textile production reflects the shift in the creation of textiles with traditional abstract patterns created for family and ceremonial use to its evolution as a source of commerce and telling of a new life abroad. The works also reveal the radical upheaval Hmong refugees experienced.
Hmong women traditionally produced complex clothing that established clan identity through abstract geometric designs, created by embroidery, appliqué, reverse appliqué, and indigo batik. These patterns continue to influence the aesthetic choices of contemporary makers, even as those choices were mediated by refugee experience and economic concerns.
Despite its deep roots in Hmong culture, this complex art was not widely known outside Asia until after the Vietnam War, when Hmong refugees arrived in the United States.
Later, as the memory of the Vietnam War receded and American buyers required more upbeat subjects, many of the story cloth subjects morphed into representations of a new life in America or nostalgia for the pastoral life left behind.
The works in this exhibition demonstrate a period in time when old paj ntaub influenced new designs. The works show how the profound relevance of textiles as infrastructure in the Hmong social fabric has never been part of a fixed cultural tableau, even as the narrative is adapted to fit new realities.
Organized and toured by ExhibitsUSA, a national part of Mid-America Arts Alliance, the exhibition was first curated in 1999 by Carl Magnuson, a cultural anthropologist working with a Hmong refugee community. Curatorial updates have been done by Geraldine Craig, who has published more than a hundred essays on contemporary art and Hmong textiles and now serves as department head of art at Kansas State University.
Regular hours for the center will be 10 a.m. to 4 p.m. Tuesday through Friday and noon to 4 p.m. Saturday. The center is located next to Evans Library on the Florida Tech campus, 150 W. University Blvd. in Melbourne.
Source: SCD
Ethiopia has earned $89.3 million and created 17,000 jobs in the textile sector during fiscal 2016-17 and the country plans to earn $271 million from textile exports and create 30,000 jobs in the current fiscal. The target warrants more efforts by private investors along with government incentives, according to state minister of industry Bogale Feleke.
The Ethiopian fiscal year runs from July 8 to July 7.
Addressing the annual meeting of stakeholders to evaluate the performance in various industrial sectors, Bogale said Limitations in production capacity, product diversification, raw material, market linkage , project delays and lack of export discipline were the major challenges for export performance, according to an Ethiopian newspaper report.
He indicated that despite relatively lower performance, Ethiopia plans to become the top textile manufacturing and exporting country in Africa and is building several industrial parks.
The government has keen interest to support the sector in order to generate foreign exchange, create wide job opportunities for many Ethiopians and to increasing quality textile product, the director further added. (DS)
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LAHORE:
After successful events in 2015 and 2016 in Lahore; the Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) is organising the three-day Textile Asia International Exhibition 2017 to be held from September 16 to 18, 2017 at Expo Centre Lahore. PRGMEA Central Chairman Ijaz Khokhar said that the exhibition is being held in Lahore for the third time in collaboration with Ecommerce Gateway Pakistan. Khokhar said the event is expected to host more than 50,000 trade and corporate visitors along with more than 600 foreign delegates. PRGMEA Central Chairman said that this year’s theme is ‘Advantages of China Pakistan Economic Corridor (CPEC) for Textile Industry of both countries’.
Source: The Express Tribune
