Rwanda Budget ’16-17: Focus on Textile, Garment & Leather Industry | Policy News Rwanda
Home » News » Policy News » Rwanda Budget 16 17 Focus On Textile Garment Leather Industry

Rwanda Budget ’16-17: Focus on Textile, Garment & Leather Industry

Share: 
      Newsletter

READ MORE ON BudgetPolicy News RwandaSkill Development

Rwanda Budget

Image Courtesy : newtimes.co.rw

Presenting the RWF 1,949.4 billion Budget in the Parliament last week, Rwanda’s Minister for Finance and Economic Planning, Claver Gatete, announced that 27 per cent of the total money will be allocated to economic transformation with key focus on sectors textiles, garments and leather industry, agriculture export crops, trade and investment facilitation, etc.

Also ReadBangladesh Budget ’16-17: FM proposes VAT & customs exemptions for handloom sector

While used shoes and clothes suffered a major blow in the new budget with a 12 per cent increase on taxes, the locally produced textile and leather products received a major boost, owing to the new tax and incentives regimes. Tax on used clothes have been increased from US $ 0.2 to US $ 2.5 per kilogramme, whereas taxes on second-hand shoes have been surged from US $ 0.2 to US $ 3 per kilogramme.

Sonia Mugabo, Chief Executive and Founder of SM House of Fashion is of the view that skilling of local tailors also plays a key role in the development of textile and leather sector of the country. With the skills, she said, local tailors would be able to produce high quality textile to fairly compete with imported textile and garments. “There has to be trained tailors, trained fabric makers, trained designers-the whole cycle of textile production should be focused on how to boost quality and quantity of textile,” she added.

Have some news? Let us know on news@apparelresources.com

Recommended by Apparel Resources

GST rates for textile industry deferred till 3 June

Goods and Services Tax (GST) Council – on its concluding day of meeting – has not decided the tax regime for the textiles...

Indian Government may increase MSP for cotton

India’s Union Agriculture Ministry has reportedly put forward a proposal to increase the Minimum Support Price (MSP) of cotton by Rs. 160 per...

Indian Texpreneurs Federation seeks uniform tax rates under GST

Since Goods and Services Tax (GST) has paved way for rolling out the new tax regime from July this year, Tamil Nadu-based ITF...

Maharashtra (India) to revamp khadi industry

Maharashtra State Khadi and Village Industries (MSKVI) Board has framed the policy with an aim to increase employment for women and to improve...

Urja 2017: ATDC decides next course of action

Urja 2017-Regional Managers’ Meet of India’s Apparel Training and Design Centre (ATDC) – largest quality vocational training provider in the garment industry of the country, has not only sets its...

Telangana (India) Govt. considering key points for new textile policy

Government of Indian state of Telangana has initiated the process to formulate textile and apparel policy to facilitate loans for weavers. The Government...

Madhya Pradesh (India) puts Skill Development at top of its agenda

An MoU has been signed between Apparel Training and Design Centre (ATDC) and Madhya Pradesh State Skill Development Mission (MPSSDM) to train 10,000 youth every year. Chief Minister of the...

India imposes anti-dumping duty on elastomeric filament yarn imports from 4 countries

Ever since the Finance Ministry of India has imposed definitive anti-dumping duty on elastomeric filament yarn imports from Vietnam, China, South Korea and...

NCTO applauds Donald Trump’s ‘Buy American’ Executive Order

US’ National Council of Textile Organizations (NCTO) has applauded President Trump’s Executive Order directing the Federal Government to maximize Buy American opportunities and to...

Ludhiana’s (India) textile industry draws out 10 demands

Newly formed State Government in Punjab (India) has decided to prepare a new textile policy with special focus on aligning it with Central...