American lifestyle retailer, Gap Inc plans to extend its presence in India by entering into a partnership agreement with Arvind Lifestyle Brand Ltd, a subsidiary of Arvind Ltd, which is one of India’s largest textile companies through franchise -operated Gap brand stores next week and aims to open a total of 40 stores in India.
Innovation has always been an integral part of ITMA's DNA. In 2015, in line with industry trends and needs, the exhibition will spotlight innovations that promote sustainability. ITMA 2015 set to take place from 12-19 November in Milan, Italy, will be featuring a dedicated chapter on digital printing technology to provide enhanced access to the vast business potential of this sector.
The 9th East Africa Trade Fair for this year, scheduled to take place in Mwanza, this year's event will be showcasing a wide range of businesses and products from across the East African member states.
The Chairman of the Tanzania Chamber of Commerce, Industries and Agriculture (TCCIA) for Mwanza Region, Mr Elibariki Mmari, said that most of the East African companies mainly from Uganda, Rwanda, Kenya and host Tanzania have confirmed to take part this year, while almost all who participated last year have also shown interest to participate.
India has a trade deficit of about USD 37 billion with the neighbouring country to overcome this and help boost India’s export; FIEO an apex exporter’s body today put forward a proposal for a free agreement (FTA) with China. In fact, India should resume the FTA with the European Union too.
According to FIEO President Rafeeq Ahmed, India will benefit by entering into FTA with China. The government should not hesitate to talk about this. If Thailand can have an FTA with China, India should also seriously look at this.
At present Bangladesh produces only 1 lakh bales of cotton, which meets only 2-3 percent of the garment industry's demand. To meet the growing demand of the garment industry, currently the government has to spend around $4.5 billion a year to import cotton.
The Bangladeshi government has taken up a Tk 105 crore project to increase raw cotton production, as only 3 percent of which is now collected from local producers.
CS Carolina, Inc. textile manufacturer plans to relocate and expand its manufacturing operations from Swepsonville to Burlington, North Carolina which involves an investment to tune of $7.3 million. This project will also create 22 new jobs over the next three years in Alamance County.
In Tae Joo, President of CS Carolina said that they are excited to help lead the way with investment in the latest technology and their new expansion will revival the textile industry in North Carolina.
The rapidly growing textile and garment sector of Vietnam is excessively dependent on imported raw material for which it pays exceedingly high prices, as most of the raw materials for the sector originate in Africa and are sold to Vietnamese manufacturers through intermediary French, Swiss and Indian wholesalers.
Pakistan witnessed export growth of $333.18 million (15.76 percent) to 28-member European countries- European Union (EU) under the autonomous trade preferences on 75 products in the first four months from January to April 2014. The sector wise break up of exports revealed textile remained the major beneficiary of the GSP plus arrangement.
Textile major Bombay Dyeing sees growth in its domestic textile business over the past one year because of the revamp initiative taken in the last 18 months which includes titivation for its stores and introducing new and contemporary products. The company to continue with its focus to increase revenue from its domestic textile business in the current fiscal too.
Silk Mark Expo-2014 organized by the Central Silk Board under the Union Ministry of Textiles to create awareness among consumers on ascertaining authenticity of silk items and to help identify Silk - the Pure Silk! The Consumer of Silk has long been having a difficulty of identifying the pure silk from the host of other fibers.
