China's industrial output expanded at 7.2 percent year on year in the first two months, accelerating from 6.2 percent growth in December 2017, official data showed Wednesday. The growth was faster than the 6.3 percent growth during the same period last year, the National Bureau of Statistics (NBS) said in a statement. Industrial structure continued to improve, with production in high-tech industries and the equipment manufacturing sector expanding by 11.9 percent and 8.4 percent, respectiv

Union Textiles Minister Smriti Irani at the inauguaration of Textile Sector Buyer-Seller meet and launch of Power Tex portal and mobile app in Bengaluru. It will help provide information about various schemes and incentives of the textile ministry. On this occassion, the textile ministry has assured a Rs. 100 crore Textile Park for Karnataka and asked the State Government to provide land for the textile park. The announcement of Textile park by the textile minister was welcomed by the textile

India’s apparel production has shown a decline of 10.4 per cent for the ten-month period Apr-Jan 2017-18 due to the consistent decline since May 2017, as per the latest IIP figures. Apparel Export Promotion Council (AEPC) has indicated earlier about the gradual decline in the production on account of the issues that arose after the implementation of GST. IIP figures show that there has been a month to month decline in apparel productivity. From a positive growth of 1.3 per cent in April 2017,

Apparel firm Macy’s is set to bring MADE IN GREEN by Oeko-Tex traceable labels to selected private brand textile products in its home collection like private brand sheets and towels. The MADE IN GREEN label ensures products were made in environmentally friendly, socially responsible, and safe facilities and were tested for harmful substances. The products will be available in Macy’s stores across the US and on Macys.com. The MADE IN GREEN by Oeko-Tex label is traceable, meaning that Macy

Bangladesh Prime Minister Sheikh Hasina last week urged all stakeholders in the country to sincerely unlock the huge potential of jute to expedite socio-economic development. She was speaking at the National Jute Day-2018 event and inaugurated a three-day multipurpose jute product fair at Bangabandhu International Conference Centre (BICC) in Dhaka. "We can produce better jute and jute products. If we can work together, we can tap the enormous potentials of jute for country's development," Ba

Germany has once again emerged as Bangladesh’s largest export market overtaking the United States in July-February of the current fiscal year 2017-18 due to slow growth in readymade garments export to US market. Earlier, Germany had overtaken the US for the first time as Bangladesh’s largest export market for the July-November period of 2016-17 fiscal and then the US regained its position as the country’s largest export destination, according to Export Promotion Bureau data. Export earning

Garment exports to non-traditional markets rose 3.77 percent year-on-year to $2.56 billion in the July-January period of the current fiscal year thanks to preferential trade benefit and fiscal incentive. Apparel shipments fetched $2.47 billion in the same period last fiscal year, according to data from the Export Promotion Bureau. In 2008, garment exports to the emerging markets stood at only $800 million. Since then it started climbing and rose five times to $3.90 billion in 2015-16. B

Shanghai-based outbound conglomerate Fosun International Ltd recently bought a controlling stake in French fashion house Jeanne Lanvin SAS. The acquisition will be carried out by Fosun and its subsidiaries, the company announced. This is in line with the target of Fosun Fashion Group established in 2015, which aims at investing globally in the fashion and retail industry. The exact investment amount and stock proportion were not disclosed, but global law firm DLA Piper has estimated the tota

On March 5th, star athletes, professional trainers, and fitness enthusiasts joined Reebok to celebrate the launch of their Fast Flexweaverunning shoe which features Flexweave, the latest cutting-edge technology developed by Reebok’sInnovationCollective, a division dedicated to the “pursuit of progression through innovation and partnerships.” The event, held at Industria Studios in New York City, was an opportunity for guests to wear-test the product during a high intensity training session le

China's exports of goods increased by 36.2 percent in February year on year to 1.11 trillion yuan ($176 billion), compared with a rise of 6 percent in January, the General Administration of Customs reported on Thursday. Imports fell 0.2 percent to 888.16 billion yuan in February. That left the monthly trade surplus to 224.88 billion yuan, an reversal from a trade deficit of 72.99 billion yuan in the same period a year ago. In the first two months, exports rose 18 percent while imports were