News Tags

Related Keywords: Agriculture Ministry, Bangladesh government, Begum Matia Chowdhury, Expansion of Cotton Cultivation Project, garment factories, modern cotton cultivation, o export readymade garments, project initiated to increase cotton production, provided training to over sixty thousand farmers, replace Indian cotton imports, set up demonstrations plot

Bangladesh government has set up 3,050 demonstrations plot for a project which has been initiated to increase cotton production for which they have provided training to over 60,000 farmers in modern cotton cultivation, said Begum Matia Chowdhury, agriculture ministry of the country.

Chowdhury also added that the government has initiated multiple programmes and projects such as Expansion of Cotton Cultivation Project (Phase-1) which was undertaken in financial year 2014-15 at an investment of Taka 105 crore.

Related Keywords: apparel and textile manufacturers, Canadian retailers and manufacturers access, fabric mills from around the world, First Apparel Textile Sourcing trade show in Canada, garment factories, learn about sourcing best practices, new project to promote global textile and apparel trade, Produced in coordination with CCCT, show at the inaugural

Canada’s first Apparel Textile Sourcing trade show, which will bow Aug 22-24 in Toronto to have garment factories and fabric mills from around the world, show at the inaugural, according to JP Communications Inc., parent company toTopTenWholesale.com and Manufacturer.com, which is producing the trade show.

Related Keywords: acceleration in machinery imports, Bangladesh textile mills, Bangladesh Textile Mills Association, dyeing and finishing, expanding production capacity, garment factories, investment in primary textile sector, spinning, weaving

Bangladesh has witnessed acceleration in machinery imports as entrepreneurs set up 26 textile mills in spinning, weaving, dyeing and finishing last fiscal year. According to data from Bangladesh Textile Mills Association, last fiscal year, $445.7 million worth of capital machinery was imported by the textile sector.

Capital machinery imports by the primary textile sector increased about 54 percent year-on-year in fiscal 2014-15 on the back of higher demand for raw materials from garment exporters. A BTMA certification is required for importing machinery for the textile sector.

Related Keywords: attract investment, competitive products, cotton spinning, garment factories, increase manufacturing, silk industry, streamline, textile complexes, textile enterprises, traditionally grows cotton, Turkmenistan textile industry, weaving factories, wool processing

Turkmenistan plans to streamline its textile industry to increase the manufacturing of competitive products and attract investment in this industry as it holds an important place in its economic system, the country’s President Gurbanguly Berdimuhammadov said.

Turkmenistan traditionally grows cotton, which serves as a basis for developing the textile industry. The annual turnover of the textile industry is about $400 million as of 2014.

During the last meeting of the Cabinet of Ministers, the issues related to the development of the textile industry were discussed.

Related Keywords: disinvestment of sick cooperative mills, draft of new textile policy, FDI, Fiber to fashion approach, full fledged textile hub, garment factories, India losing out market of China, Indian cotton to become garment, nine month, review existing textile policy of Maharashtra, Suresh Halwankar Committee, textile sector

The Suresh Halwankar Committee formed to review the existing textile policy of Maharashtra taking into consideration that India are losing out the market to China mainly because it takes nine months for Indian cotton to become a garment. While in China, it takes just two months because of full-fledged textile hubs and hence recommended establishment of mega-textile hubs spread over 1,000 hectares as against allowing garment factories to come up in a scattered manner.

Related Keywords: cheap natural resources, FDI, foreign investors, garment factories, HCMC Export Processing and Industrial Zones Authority, imported material, labour-intensive manufacturing

Investors continue to pour money into labor-intensive manufacturing (particularly garment and footwear and automobile factories) which mostly rely on imported materials and equipment. According to the HCMC Export Processing and Industrial Zones Authority (HEPZA), foreign investors announced plans to inject US$264.7 million into the zones in the first half of this year. Of the registered capital, nearly 80 percent will go into the textile and garment sector.