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Search Results for: low wage

Dwindling demand, rise in yarn prices add to woes of textile sector in Surat
Surat’s textile sector is going through a tough phase due to dwindling demand and rising prices of yarn. The sector that accounts for 40% of the MMF fabric demand in the country and the city's
EU-Vietnam Free Trade Agreement signed to take effect from 2018
The FTA is considered one of the most comprehensive and ambitious trade and investment agreements. The Minister of Industry and Trade of Vietnam, H.E. Vu Huy Hoang and the European Commissioner for
Chinese textile and apparel to adapt ‘New Normal’ strategy
With China’s production and labor costs in the textile and apparel industry rising dramatically and exceed those in of many other Southeast Asian countries, including Malaysia, the
Indian textile and garment firms may shift base to Vietnam
The Indian textile and garment companies facing duty disadvantage at home, some have already prompted to expand outside India in recent years. Moreover, with the recently negotiated Trans-Pacific
Sri Lankan clothing industry has potential to capitalize further growth
The Sri Lankan clothing industry has been a pioneer in adopting environmentally friendly manufacturing and waste management methods in order to improve its market image—at a time when the
Philippines textile and apparel industries likely to revive by joining TTP
In the Philippines, even among business leaders there is still very little appreciation of Trans Pacific Partnership (TPP) for its beneficial effects on the Philippine economy. For instance, some
Turkey’s overall cotton production estimated to reach 2mn tons
With the start of cotton harvesting season, the spread of irrigated farming as a part of the Southeastern Anatolia Project (GAP), cotton, which is described as "white gold," has started being planted
SA clothes retailers turning to local supply as rival brands land
Cheap Chinese clothes imports almost broke the back of local garment makers, but the sector has started to recover after the government invested more than 2 billion rand ($149 million) in upgraded
Nortex after relocating from Zimbabwe to Botswana ramps up production to 100 percent
Northern Textile Mills (Nortex), subsidiary of the now defunct Merlin, after relocating from Zimbabwe to Botswana has ramped up production to 100 percent, which is a clear indication that the country
Bangladesh RMG set a goal to reach $50bn export by 2021
The burgeoning Bangladesh readymade garment and knitwear sector has set a goal to reach $50 billion export by 2021. While this appears quite a daunting task, but industry sources claim it is doable
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