The following is a round-up of apparel and footwear news from the world's local media. 

  • Azerbaijan's government is to offer cotton farmers preferential loans and participation in the setting of purchasing prices in a bid to support the country's producers and give new life to cotton production. Over the past 18 years, production has dipped six-fold in Azerbaijan due to diminishing interest in this type of agriculture. As a result, areas grown under cotton have reduced by nine times. AZERNEWS
  • Bangladesh's Finance Minister, AMA Muhith, is to consider a demand by the country's ready-made garment sector to cut corporate tax from 35% to 10%. The government set the current rate for the 2014/2015 fiscal year, which has continued into 2015/2016. The rate was 10% from 2005 to 2014 under 'special consideration'. BANGLADESH FINANCIAL EXPRESS 
  • India's government has started drawing up plans to revive the country's defunct textile parks in a bid to revive the sector and exploit opportunities in both domestic and international markets. The government has approved 72 textiles parks so far, of which between 40-45 are unoperational, spread across the country. BUSINESS STANDARD
  • Pakistan's Government has told the country's Chamber of Commerce and Industry that it will pay tax refunds owed to textile businesses by mid-February, offering a potential lifeline to a sector battered by high costs and declining exports. The Government said it will issue the refunds to exporters in the form of "negotiable instruments", likely bonds. ASIA NIKKEI

just-style has not checked these stories so cannot guarantee their accuracy.