News Tags

Related Keywords: carpet and rugs exports, export of cotton and intermediary goods of textile also dropped, export of home textile drop, garment export, marginal increase in growth, Pakistan exports to EU, sole beneficiary of preferential access

Pakistan’s exports to EU which had reached $7.52bn in calendar year 2014 from $6.22bn over 2013, an increase of 21.24pc in the first year of GSP plus scheme is showing marginal increase in its growth. According to EU official data, Pakistan’s garments exports to EU reached $1.463 billion in January-July 2015 from $1.437bn over the corresponding period of last year.

Related Keywords: apparel import in india, Birla Cellulose, cheap dumping, dumping from china, dumping in India, dumping trade in india, garment export, garment import, Indian textile industry, Kaytee Corporation, textile inspection, textile leaders, vsf import in india

The leading textile players are seeking protection for the textile industry from cheap Chinese dumping in India. About 60 per cent of dumping in India is claimed to be done from China, and unofficial estimate of this trade size ranges from 20-40 per cent of the USD 105 billion domestic textile industry.

Related Keywords: bilateral trade, garment export, government assistance, Make in India, move value chain, Tamil Nadu textile industry, Texpreneurs Forum, textile goods export

Tamil Nadu textile industry has lot of potential and is looking for government’s assistance to move up in the value chain. Their share of yarn exports was nearly 60 percent. The industry in the State accounts for exports of textile goods worth ₹75,000 crore a year. The value-added garments’ export was worth ₹30,000 crore. Keeping this in view the Centre in this regard needs to take necessary steps.

Related Keywords: apparel export, China yarn import, cotton yarn export, export earnings, garment export, polyester yarn export, Spun yarn export, textile exports

A weaker rupee and steady demand from China and US had helped the textiles exports in the past year. From April, demand for raw material like yarn from China has fallen dramatically and inventory levels have risen. Further, falling cotton ribre prices have been asserting pressure on yarn pricing and cutting unit value realisation, although rupee continues to remain weak.

Spun Yarn Exports Plunge

Related Keywords: adverse circumstances, Bangladesh readymade garment sector, BGMEA, competitors, consolidated position, garment export, joint effort, work environment, WTO

Bangladesh readymade garment sector despite of the Rana Plaza tragedy, political uncertainties, clashes and conflict is displaying continued strength which is extremely encouraging. According to the WTO report, Bangladesh has consolidated its position more than its competitors in the sector.

There is a steady continuity in the development of our readymade garment sector. The country's readymade garment exports continue to increase. In 2009 Bangladesh stood in fifth place in this sector and the very next year it jumped to number three.

Related Keywords: Asean, EU and US market, EU import-duty privileges, flat growth rate, garment export, GSP, Japan-Thailand Economic Partnership Agreement, Thai garment industry, Thai Garment Manufacturers Association, uncertain economic outlook

Due to the uncertain economic outlook in some major markets , and in the European Union and the United States in particular, Thai garment exports likely to see relatively flat growth in a range of zero to 5 percent next year against expansion of 2-3 percent this year, according to the industry.

Besides deflation in EU countries and concern over the pace of recovery in the US, the forecast also takes into account the loss of EU import-duty privileges for Thai garments early next year.

Related Keywords: ASEANS, domestic supplies, export revenue, exporter, garment export, labour productivity, largest apparel manufacturer, material supply, TPP, Vietnamese worker, Vinatex

Vietnam National Textile and Garment Group (Vinatex) largest apparel manufacturer and exporter of Vietnam have hit 18 billion US dollars export revenue in the first nine month of this year, a 19 percent increase year-on-year.

According to a report posted on Vinatex's website on Wednesday, during the period, the group alone pocketed some 2.36 billion U.S. dollars from exporting garment, up 16 percent year-on-year.

Related Keywords: apparel shipment, apparel show, demand, fibre shipments, garment export, garment madeup, Indian Textile, textile products, US market, weak rupee

India’s overall textile and garment exports witnessed 20 percent in May, of which export of textile products grew at a much slower pace than that of garments. While apparel shipments gained 24.9% in May, textile exports grew by just 8.6% due to apparel segment’s outstanding performance at shows following a spur demand in the US market as well as a weak rupee.
 

Related Keywords: FBR, garment export, GSP Plus scheme, liquidity crunch, Pakistan exporter, Pakistan garment sector, refund claims

Pakistan garment sector that exports more than 80 per cent of their merchandise, are facing liquidity crunch due to its huge capital stuck-up by the FBR. Although the FBR’s software system of RCPS is very excellent which completes refund process system within one month but finance ministry’s undue interference causes blockage of refund claims to the exporters, as presently more than 80 per cent textile exporters refund of over Rs10 billion is stuck by the FBR.
 

Related Keywords: garment export, garment industry, Vietnam textile industry development plan

The Vietnam Ministry of Industry and Trade gives approval to the new textile and garment industry development plan 2020 which aims to achieve 55 percent localization rate by 2015 and further expected to increase to 65 percent and 70 percent by 2020 and 2030 respectively. The plan is draw to boost the industry’s growth.

Under the new plan firms specialising in fashion production as well as in the supply of related services will be positioned in urban areas while labour-intensive textile and garment firms will move to the rural areas.