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THE INDIAN government’s decision to increase its available subsidies to help companies purchase new textile machinery from 10% to 15% will boost the investment in the country’s technical textile sector, which has been struggling to build big capacities.

Under the ‘Amended Technology Upgradation Fund Scheme (TUFS)’, from January 14 (2016), a producer of technical textiles can avail itself of up to USD4.5 million as capital investment subsidy.…

The United States Securities and Exchange Commission (SEC) has announced its first deferred prosecution agreement (DPA) against an individual in a Foreign Corrupt Practices Act (FCPA) case. FCPA civil charges against Yu Kai Yuan, an employee at the Shanghai subsidiary of Massachusetts-based PTC Inc, will be deferred three years until February 2019, “as a result of significant cooperation he has provided during the SEC’s investigation,” said a note from the regulator.…

DETAILS have been released about tariffs to be scrapped regarding food and drink products exported and imported between Vietnam and the European Union (EU) under a trade deal struck last August (2015). The full text has now been released and shows how Vietnam’s emerging market of 89 million people will be opened to the EU’s food manufacturers.…

A EUROPEAN Union (EU)-backed project is developing a new testing strategy to assess chemical safety in consumer products, including for cosmetics and personal care lines, without using animals in experiments.

The EU-ToxRisk project, which has a budget of around EUR30 million, is being coordinated in the Netherlands by Leiden University.…

Boxes are not known for their excitement, but personal care product companies are making secondary packaging more alluring by designing them to give consumers an enticing glimpse of the goods inside. They are also using their collective imaginations to create aesthetically desirable mixes of different materials and textures, maybe combining these with visually arresting spatial design.…

A JAKARTA-based designer and exporter of soft furnishings has told WTiN.com how her country’s home textile sector could prosper by using more of the country’s rich and varied tradition of woven fabrics in its design, especially if production could be scaled up reducing unit costs.…

BRAZIL may have emerged the world’s largest sun care market in terms of sales in 2014, pushing past the United States (US), according to market researchers Euromonitor International. And the country may retain its suncare crown – sales are expected to continue growing between 2014 and 2019, albeit at a slower pace compared its growth between 2009 and 2014. …

NORTH American confectioners are closely monitoring the growing wave in legalisation of marijuana across the USA and Canada, offering them the opportunity to sell new product, with a particularly edgy and certainly special ingredient.

The new Liberal government in Canada, was elected in October on a promise to legalise marijuana, while in the US, the transition is happening state by state.…

Australian and New Zealand confectionery and ice cream manufacturers have been broadly supportive of the Trans-Pacific Partnership (TPP) agreement that was finalised towards the end of 2015, recognising the potential for securing export sales in lucrative Asian markets. That said, there is some caution, given the TPP delivers more potential for America’s juggernaut of a confectionery sector to roll into local stores.…

Changing management styles is key the success of corporate gender diversity initiatives in the Gulf region and elsewhere, participants of a recent networking breakfast hosted by the Association of Chartered Certified Accountants (ACCA) have concurred.

Entitled ‘Lead the Change: increasing gender diversity to boost performance’, the event was held on February 7 at the Shangri-La Dubai hotel and was attended by more than 60 CFOs and senior finance professionals.…