AGP Executive Report
Last update: 4 hours agoTextile Trade & Policy: India’s August industrial data shows textiles still growing while apparel stays weak, with wearing apparel down 7.4% in August and textiles up 13.1%, a split that matters for export momentum. Factory Restructuring: Egypt launched an EGP 1 billion Distressed Factories Restructuring Fund, with textiles and ready-made garments among the sectors eligible for equity-backed turnaround plans. RMG Supply Chain Investment: Wendler Interlining Bangladesh opened a new LEED Gold-certified facility to strengthen local interlining supply for the garment industry. Regional Industrial Push: Andhra Pradesh invited Kitex to lead a 2,000-acre textile and apparel park, aiming to boost in-state processing and value addition. Compliance & Tax Signals: India’s 57th GST Council is set to discuss curbing GST arrest powers and widening input-tax-credit scope, potentially easing burdens for businesses. Market Access Talks: India and Canada begin the 5th CEPA negotiation round in Ottawa, targeting a deal by end-2026. Security & Illicit Goods: A Bulgaria-led operation seized drugs, counterfeit textile items, and other contraband at the Kapitan Andreevo border checkpoint. Local Textile Economy: Delhi seeks a private operator for Bharti Delhi Emporium with a ₹4 crore annual sales target, including space reserved for handloom and handicrafts. Industry Expansion: Fine Spinners Uganda targets DRC, Zambia and Ethiopia after investing $5m in new textile machinery.
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