The theory of trickle-down economics, as propagated worldwide by economists of repute everywhere, has not worked the way it was supposed to have worked in theory. According to this theory, benefits given to the wealthy, and also the wealth created by them, trickle down to everyone else. The governments all over the world tend to provide such benefits in the form of tax cuts on businesses, high-income earners, capital gains, and dividends. Even subsidies of various kinds are also negotiated by governments to attract investments from outside to enhance the industrial activity and to boost industrialization and modernization in various priority sectors. Continue reading “Localization Of Globalization!”
Hohenstein’s new 4D body scanner will be used in a series of research projects. Each project aims to advance knowledge and processes throughout the apparel industry.
One such project, “Mobility Restrictions,” is funded by the German Federation of Industrial Research Associations (AiF). Scheduled to complete in October 2020, it will focus on body measurement changes during movement. The aim of the Hohenstein scientists is to develop a standard method of analyzing how a clothing item restricts movement. Continue reading Hohenstein Launches Series of 4D Scanning Projects
The 10-member Association of Southeast Asian Nations (ASEAN) has free trade agreements with six partners namely People’s Republic of China (ACFTA), Republic of Korea (AKFTA), Japan (AJCEP), India (AIFTA) as well as Australia and New Zealand (AANZFTA). The Regional Comprehensive Economic Partnership (RCEP) was established by the 16 participating countries on the basis of existing ASEAN+1 FTAs with the spirit to strengthen economic linkages and to enhance trade and investment related activities. RCEP negotiations started in 2012 and participating countries included ASEAN members – Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei, Vietnam, Laos, Myanmar, Cambodia – and six Asia-Pacific countries with which ASEAN has free trade agreements – Australia, China, India, Japan, South Korea and New Zealand. Continue reading Regional Comprehensive Economic Partnership: Dangerous For India?
The Advanced Functional Fabrics of America (AFFOA) opened its national headquarters and first of its kind advanced fabric prototyping facility on June 19, 2017.
AFFOA Grand Opening Program – June 19, 2017
With sustainability and circularity continued to be the flavour of discussion in textile and apparel fraternity, denim and Jeans are coming back stronger due to its severity of water and energy consumption. Jeans is always in the news for good or bad; it is classic yet fashionable; it is blue yet can take any colour. Globally, consumers own an average of 5.4 pairs of blue jeans. It would be natural to expect that the United States would boast the highest per capita ownership with around 8, given its seasonal temperatures and the fact that it is the birthplace of blue jeans. While India is far behind with per capita ownership of 0.3, numerous seminars and conferences are being organised to discuss the issue of energy consumption, water usage, CO2 footprint and effluent discharge per pair of Jeans making. Continue reading TANTU Seminar: It’s in Your Jeans
The United States has decided to remove India from the list of eligible GSP countries. The reason for this move is that the Trump administration feels that India has failed to provide the United States with assurances that “it will provide equitable and reasonable access to its markets in numerous sectors.” The Generalized System of Preferences (GSP) is a U.S. trade program aimed to promote economic growth in the underdeveloped or least developed countries and also in the developing countries by providing preferential duty-free entry for up to 4,800 products from 129 designated beneficiary countries and territories. GSP is in existence since January 1, 1976. The scheme provided India tariff-free access to the US market. All benefits have stopped since June 5, 2019. India had been the largest beneficiary nation under the GSP and exported goods worth $6.35 billion every year. Continue reading Exclusion of India from GSP Could Be a New Beginning For Exporters
“I have inherited a beautiful world which was inherited by my parents by their own. There is so much beauty in the world and it cannot be lost because of ignorance or inaction by the people consuming it. We live in a world that is constantly evolving and we need to account for our compassion for the environment towards the growth factor in our lives because foregoing it will only have long term adverse effects no matter how great the shortfall gains are. Continue reading NatureTech Enviro Protection Ltd.
Naturetech Enviro Protection Ltd., a leading Surat-based environmental solution provider, has been offering an array of latest technologies dedicated to managing and treating wastewater, and sludge handling in the most sustainable manner. The company is offering a novel biological treatment technology called IFAS (integrated fixed-film activated sludge) Cleartech to enlarge existing domestic Waste Water Treatment Plants (WWTP). “With CETP, WWTP and STP as our areas of expertise, we offer state-of-the-art machinery and provide our clients with cutting edge technological solutions to win the fight against pollution,” assures the company in a statement. Continue reading Naturetech Enviro Protection Ltd. Offering Cleartec Technology for Textile Wastewater Treatment
Millions of workers across the globe are deprived from the minimum wage required to live a decent life. For them, the Living Wage, a voluntary pay rate set above the statutory minimum wage, is still but a distant dream. Many employers who do not pay the Living Wage argue that they simply cannot afford to. According to them, a minimum wage destroys jobs, particularly for the young. Is their argument about greed – the quest for maximum profit from the bodies and labor of others? We are NOT talking about vulnerable persons who fall victim to traffickers, from desperation, deception, or coercion. Continue reading Fresh Thinking is Needed to Guarantee “Living Wage”