lower rate of sales tax of 4%-6% on local supplies. Textile exports stood at $12.5 billion fromJuly 2010 to May 2011. During the current fiscal year‚ the tax department collected Rs. 10.5billion as 1.0% withholding tax. Similarly‚ textile industry contributed Rs. 2.5 billion at the rateof 0.25% as Export Development Fund (EDF). Break-up shows that the applicability of lower rateof 4%-6% sales tax on local supplies would contribute an additional amount of Rs. 11billion‚annually‚ to the national exchequer
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Introduction Medical textiles‚ also known as biomedical textiles‚ are textile products and constructions for medical and biological uses‚ e.g.‚ first aid‚ clinical‚ or hygienic purposes. (SASMIRA‚ 2007) The term medical textile literally means textile used for medical purposes. Textile apart from being a vital part human life is long since been used in medical field‚ though the term has been coined very recently. Textile materials have wide range properties such as flexibility‚ elasticity‚ strength
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EXERCISES FOR MICROECONOMICS TOPIC 1 Economics: An Introduction (Chapters 1 & 2 in the Textbook) EXPLAIN THE FOLLOWINGTERMS ◎ Average benefit ◎ Average cost ◎ Economic surplus ◎ Economics ◎ Microeconomics ◎ Macroeconomics ◎ Marginal benefit ◎ Marginal cost ◎ Normative economics ◎ Positive economics ◎ Rational person ◎ Sunk cost ◎ Opportunity cost ◎ Absolute advantage ◎ Comparative advantage ◎ Attainable point ◎ Unattainable point ◎ Efficient point ◎ Inefficient
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in ECONOMICS OF STRATEGY - 13MCEC05 PORTER FIVE FORCE ANALYSIS – TEXTILE INDUSTRY SUBMITED BY Page Submission date – September 13‚ 2013 Word count – 3804 1 Five Forces Analysis Template 1) Factors Affecting Rivalry among Existing Competitors To what extent does pricing rivalry or non-price competition (e.g.‚ advertising) erode the profitability of a typical firm in this industry? Characterization Future (Current) Textile industry has high degree of specialization. Developed countries
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MARTIN’S TEXTILES Summary: This case is about the dilemma facing by John Martin‚ the CEO of Martin Textiles‚ a New York based textiles company. On August 2‚ 1992‚ which the day that the U.S.‚ Canada‚ and Mexico agreed in principle to the North American Free Trade Agreement (NAFTA). Martin Textiles is a family business over four generation‚ which was started by John’s great-grandfather in 1910. Today‚ the company employs 1‚500 people in three New York facilities. John’s dilemma‚ which is particularly
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1. The migration of many textile jobs and garment companies out of the United States‚ mainly to Mexico to operate there was due to the cheaper advancements in technology included with cheap workers compared to the United States. The Mexican industry’s wages don’t even reach to $2 per hour versus $13 to $14 per hour in the States. So they will save more on huge production than manpower where are easily available. Mexico has a strong capability when it comes to skilled and professional labour as such
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CONTENT 1. INTRODUCTION: Sports textile is one of the branches of technical textiles. Now a day’s sophisticated technology are used in technical textile to produce sports wear.Hi-tech textiles in sport are nothing new. In twenty first century‚ clothing is an important issue for general consumer‚ active athletes and for those who practice sports just for fitness in their leisure time. The sports fabrics are generally ultra-breathable and have high heat and moisture management properties
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Ministry of Textiles (International Trade Section) *** Sub: Note on Textiles & Clothing Exports of India. 1. Introduction India’s textiles and clothing industry is one of the mainstays of the national economy. It is also one of the largest contributing sectors of India’s exports worldwide. The report of the Working Group constituted by the Planning Commission on boosting India’s manufacturing exports during 12th Five Year Plan (2012-17)‚ envisages India’s exports of Textiles and Clothing
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4. Critically analyse the article chosen with reference to economics theory and concepts. Although this article gives a possible explanation of price change affected by the other market’s price ceiling‚ the idea is based on theoretical analysis which could not be applied in the real situation. There are several assumptions made to support the idea of this article‚ however some of the assumptions are precisely impractical. 1. Applying monopolist scenario on ordinary circumstances As the
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Smart textiles is the modification of fibers‚ fabrics and special articals which is produceing day by day in different way and different techniques. Many intelligent textiles already feature in advanced types of clothing‚ principally for protection and safety and for added fashion or convenience. Smart materials or textiles can be defined as the materials and structures which have sense or can sense the environmental conditions or stimuli‚ whereas intelligent textiles can be defined as textile structures
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