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Pic: Shutterstock The exports of garments, made using man-made fibre (MMF), from India are expected to move up in 2021 with government support and efforts of industry experts. It is expected to surge to $430.66 million in June 2021 with a CAGR of 8.00 per cent from the $271.39 million in December 2020, according to Likewise, the average monthly exports of MMF garments from India are expected to grow to $358.36 million in the first half of 2021 with a rise of 39.88 per cent from the monthly average of 2020. The MMF garments exports of India has been recovering with considerable growth rates after the ease in impact of COVID-19. The Government of India (GoI) has been working on the strategies to boost the exports of the country which can sustain the country’s economy in this difficult time of pandemic. The GoI and industry stakeholders have targeted to achieve approximately 10.00 per cent market share in the global market of MMF garments.
The UK government on March 23 set out the first restrictions to be initiated under its new chemical regulation system, UK REACH, to tackle risks posed by chemicals. The launch.
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Pic: Shutterstock When the United Kingdom went back into a coronavirus lockdown in January, its economy shrank by less than feared in that month, but trade with the European Union (EU) was badly hit as
new post-Brexit regulations were introduced. Gross domestic product was 2.9 per cent lower than in December, according to data released by the The country suffered its worst economic slump in three centuries last year when it shrank by 10 per cent. But the country is racing ahead with vaccinations and, economists expect the economy would shrink by 2 per cent in the first quarter of this year, half the hit forecast by the Bank of England (BoE) in February, a global newswire reported.
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support buying of indigenous products, President Cyril Ramaphosa recently told the Proudly South African Summit and Expo 2021. Apart from its own procurement commitments, the government is working to lower entry barriers to make it easier for businesses to establish and grow, he said. To reduce import dependence, small business local procurement thresholds for the public sector will be introduced, the president said. The clothing, textile, footwear and leather sector has embraced the localisation drive, pledging half a billion rand to the expansion of local manufacturing sites.
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Pic: Shutterstock India and Japan will be the most preferred strategic partners in days to come, according to Guruprasad Mohapatra, secretary of the The meeting was organized by the Federation of Indian Chambers of Commerce and Industry (FICCI). Japan is one of the key investors in India with a cumulative investment of more than $30 billion, which represents 7.05 per cent of the cumulative inflows received till date, he said. India-Japan investment promotion partnership focuses on the next generation infrastructure, connectivity, smart cities, manufacturing, rejuvenation of river, water security with special interest to India, Mohapatra was quoted as saying by a FICCI press release.