New Delhi
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In a recent Labor Costs Index report, risk analytics firm Verisk Maplecroft, warned that companies would be wise to really weigh the risks posed by poor working conditions and high instances of child labor and human trafficking, for example, before sourcing in low costs labor markets. Cost
New Delhi
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2014 saw more wage strikes, resulting hikes and general unrest among workers when rates were not sufficiently raised. But despite discontent among the workforce, wages are up worldwide and labour will be costlier in 2015. However, experts predict that lower costs of inputs, like cotton, which has hit
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The history of cotton can be traced as far back as 4500 Before Common Era (BCE). It was first introduced to Europe but became mainstream and part of everyday life only after the industrial revolution.
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The end to the controlled trade regime in textile and clothing (T&C) came as a boon for consumers, especially in developed countries who started getting better and cheaper imported products.
Mumbai
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A quota-free regime paid rich dividends for Asian economies as T&C exports rose at a rate of 8 per cent per annum, from US$76.3 billion in 2004 to US$138 billion in 2012. In comparison, growth was pale in Latin America and Africa that lost out in the changed scenario. Asia's share in global textile exports climbed from 22.6 per cent in 2005 to 27.4 per cent in 2012, while that in clothing export jumped from 29.67 per cent to a whopping 60 per cent as low-cost Asian producing economies thrived under a free trade regime.
Mumbai
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Consumer attitudes about the materials and ingredients in products they buy are rapidly changing, shifting toward products that are ethically or sustainably sourced - and clothing is no different. Recently, the 2013 Textile Sustainability Conference put the focus on the challenges businesses in the textile and apparel industry have in making their products more sustainable in addressing consumer concerns, Green Biz reported.
Mumbai
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According to recently report of TechSci Research “India Textile Chemicals Market Forecast & Opportunities 2018”, the Indian textile chemicals market is expected to cross Rs 9,500 crore (US$1.7 billion) by 2018. Indian market for textile chemicals is highly fragmented as majority of the players are in the unorganized/ minor players.
Nevertheless, the share of organized/ major players is expected to expand by 2018 resulting from increasing preference for quality goods as well as growing market penetration of technical textiles.
Mumbai
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Ethiopia's government has been giving special emphasis to its textile industry as it aims to export more than a billion dollars worth of apparel by 2016. From the economic development point of view, Ethiopian economy has just kept growing - since 2007 at times with double-digit leaps and bounds. The Economist has projected that the country will experience annual growth of 7 to 8 percent through 2016.
Mumbai
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The US$75 billion polyester industry continued to remain as an undisputed leader in the textile Industry.
