Vietnam to only further enhance the Chinese textile industry with the lifting of tariffs on garments made by TPP members from the yarn stage forward expected to come through soon as the Trans-Pacific Partnership negotiation is going on between Vietnam and 11 other countries including big economies like the US, Canada, Japan and Australia.
China is the biggest importer of coir based products from India. During 2013-14, a total of 192,110 tones of coir products, valued at Rs 360.5 crore were shipped to China, a growth of 32 percent on value terms, according to Indian Coir Board.
India exported 537,040 tones of coir and coir based products, valued at Rs 1476 crore. In the previous financial year, total export was 429,501 tones valued at Rs 1116 crore, a rise by 25 percent was recorded in the volume of coir based products.
Nepal’s readymade garments is one of the largest export sectors in terms of foreign exchange earnings apart from providing employment opportunities was almost on the verge of collapse but has changed in recent months. Nepal’s RGM sector has shown a sharp increase in its exports as peace and political stability have convinced foreign buyers to return, and demand from abroad has instilled confidence in garment entrepreneurs.
Younus Brothers was established in 1962 as a fabric trading business house, which has become one of the largest conglomerates in Pakistan. Fazal Textile Mills and Gadoon Textile Mills the two textile mills of Younus Brother Group (YBG) are planning for a merge with an aim to attract new investment.
The merger will help the group increase the paid up capital to get new loan. Also they will be able to avail the opportunity of exchange raw material and bigger advantage would be of exchanging technology, besides lower marketing cost.
Government has appointed a committee of permanent secretaries to revive the growth of the textile industry in Zambian which is dwindling; it once had 250 local textile factories but today only 20 remain, as their goods are priced out of the market by cheaper clothes and textiles imported from China.
Many workers lost their jobs when production costs soared and the company couldn't compete with imports from Asia that were beginning to flood the market. With the revival of textile industry, it will see over 4,000 jobs created this year.
The new Sudanese ambassador in Dhaka Dr. Hassan Eisa El-Talib during a courstesy call on Prime Minister Sheikh Hasina on Sunday evening urged the government of Bangladeshi to export jute, jute products and medicine to Sudan.
He also requested Bangladesh to open an embassy in Khartoum.
Ambassador Dr Hassan E El Talib also came up with the request when he met Prime Minister Sheikh Hasina at her official residence Ganobhaban in the evening. The Sudanese envoy urged the Prime Minister to encourage Bangladeshi investors to invest in his country in ship-breaking industry.
The Malaysia External Trade Development Corporation (Matrade) is focusing on fashion as it has substantial growth potential and could become Malaysia’s major exports. They also plan to focus on promoting fashion-related programmes this year beginning with the Malaysia Fashion Week to be held in October.
Last year, the lifestyle segment generated RM1.4 billion in sales and they hope to double that this year after the promotion agency signed a memorandum of understanding with Stylo International, a foreign fashion network.
Performance Fibers Inc. to stay competitive in the current challenging environment has decided to close its polyester tire yarn plant in North Carolina over the coming 12 to 15 months and transfer its production to its second plant in Salisbury N.C.
The plant in Salisbury, N.C. has the capability and capacity to absorb all of the customer volume with surplus capacity and space to grow.
The textile industry of West Bengal plays a significant role in the Indian economy, apart from that textile industry even contributes to the industrial output, export and employment sectors. Now, Kolkata-based Supreme Tours & Travels has started organising textile tours in West Bengal.
A very innovative concept began by the company and sees a great demand for it too. The tour include visit to villages like Shantipur, Phulia and Beldanga which are known for their silk and cotton hand-woven saris, dhotis, jacquards and jamdani (muslin) of superfine texture.
The innovative Wool Comfort and Wool Handle meters, two ground-breaking machines invented by Australian scientists will accurately measure and rate the comfort, feel and handling properties of lightweight wool garments made from superfine merino wool.
The Australian-led development, funded by woolgrowers and the public purse, has proved to manufacturers that superfine merino can be as soft and comfortable to wear as its more expensive cashmere cousin.
