The Central Bank of Nigeria (CBN) recently set up a committee to revive the’s,and garment industry following the earlier restriction of official foreign exchange supply to textile importers to boost domestic production. Bank governor Godwin Emefiele said the target is to revive and set up at least 50 textile companies by 2023.The panel’s formal name is Textile Revival and Implementation Committee (TRIC), according to Nigerian media reports.Nigeria needs to reclaim its textile and garment industr

Australia and the International Labour Organisation (ILO) have strengthened their partnership to improve working conditions, advance women's economic potential and boost the competitiveness of Bangladesh's readymade garment (RMG) sector. The partnership has been strengthened by the re-commitment of funds for the ‘Better Work Bangladesh’ (BWB) programme.A joint International Finance Corporation-ILO programme, BWB is being used as part of Australia’s ongoing partnership with ILO to empower

Turkey's Boyner Holding and Qatari investment firm Mayhoola have agreed to terminate their financial partnership by signing a newunder which the former will be the sole owner of Boyner Grand Retailing Inc. and Altinyildiz, while latter will hold a majority share in Beymen and Ay Marka brands, with a 96.89 per cent stake.Pic: BoynerThe agreement was reached to restructure Boyner Retail and Textile Investments Inc., which incorporates Boyner Grand Retailing Inc., Beymen, AY Marka and Altinyild

The inclusion of chapters 50-60 in the recently imposed additionalon Chinese imports by the US has put India in an advantageous position, according to the Confederation of Indian Textiles Industry (CITI). Indianindustry has an opportunity to increase its exports to US, particularlytextiles, floor coverings, and man-made filaments.Pic: DWilliams from PixabayThe US has hiked tariff to 25 per cent on $200 billion imports from China with effect from May 10, 2019. This tariff hike covers textile rela

A.T.E. Enterprises Private Limited, India, has joined hands with Lüscher Technologies AG, Switzerland, for sales and marketing of UV laser direct exposing units for rotary screens in India.Lüscher Technologies, Obstalden, Switzerland, founded in 1946, is a leading global manufacturer of state-of-the-art imaging systems for various printing technologies, and caters to the graphic arts and textile industries. Backed by around 73 years of experience, Lüscher manufactures many kinds of cutting-edge

Dr Christof Soest, CTO, Trützschler. © TrützschlerThe future of the textiles industry is more and more determined by Industry 4.0, which has many dimensions and possible fields of application. In three of them (smart services, operations and factory), key solutions are provided by the machinery industry. The other ones from smart textile products, marketing and sales, employees up to strategy and organisation are specific know-how issues for textiles mills.At the ITMA 2019 in Barcelona, next mon

Higher expectations on the 2019 crop and unsettled trade disputes between the United States and China are leading to an unsettling situation in the cotton industry.Figure: Not all is rosy for the United States’ cotton sector, as the trade war is raging between the US and China.Planting has taken a momentum this week in the High Plains of Texas with good soil temperature in most parts. “Moisture is the dream come true,” said one seed company representative in a recent meeting at the Lubbock-based

‘Expert systems’ is a branch of artificial intelligence that makes extensive use of specialized knowledge to solve problems at the level of a human expert. The famous mathematical physicist Feigenbaum has defined an expert system as “an intelligent computer program that uses knowledge and inference procedures to solve problems that are difficult enough to require significant human expertise for their solutions.”An expert is a person who has expertise in a certain area; the expert has the knowled

The board of directors of Chico's Fas has unanimouslyrejected the unsolicited proposal received from Sycamore Partners to acquire the company for $3.50 per share in cash. After reviewing the proposal, the board determined that Sycamore's proposal substantially undervalues Chico's Fas and is not in the best interests of Chico's Fas shareholders.Pic: Choco Fas'sThis follows the board's review and rejection of another recent proposal dated April 14, 2019 from Sycamore to acq

Tokyo-based DataGrid has developed an artificial intelligence (AI) system that can generate ‘high quality’ renderings of people who don’t exist, with face, hair, body, etc using neural networking, a field of computing partially inspired by the biological system of the same name. Brands can personally construct the perfect model without casting real people.Pic: DataGridAdvertising and apparel e-commerce sites will use the technology for virtual modelling, the company claims.Unrealistic beauty ide