RMG manufacturers are working hard to face the challenges by introducing production engineering, technological upgrade etc, but it is not enough Bangladesh’s export earnings from the apparel industry, the lifeline of foreign currency earners, have seen only a 0.20% rise to $28.15 billion, which is the lowest on record in the last one and a half decades, in the just-concluded fiscal year. However, Bangladesh’s overall export earnings stood at $34.83 billion in FY’17, which is 1.68% higher t

In a bid to raise imports of the premium Merino wool from Down Under, Australia's The Woolmark Company is planning to tap handloom weaving clusters in Gujarat and Manipur. The Woolmark Company, which represents 55,000 wool growers in Australia, hopes to raise imports of Merino wool in India on the back of varied textile products. “About 85 per cent of Indian wool is that of carpet grade, with 10 per cent being coarse grade and only five per cent apparel grade. The textile and apparel industry

China's securities regulator has approved the launch of cotton yarn futures on the Zhengzhou Commodity Exchange. The cotton yarn futures, together with the cotton futures that are already traded, will help companies to improve risk management. Frequent fluctuations in cotton yarn prices have had negative impacts on related industries in the past few years. Futures contracts obligate investors to buy or sell the underlying assets at a predetermined price at a specified time, helping investors

Trading at cotton market remained grade selective while buyers consolidated their future positions with fresh fine lots making forward deals for better grades of lint on sellers' asking price pushing physical prices in green zone amid firm spot rate of Rs6,100 per maund at Karachi Cotton Association (KCA), traders said. Floor brokers said that buyers bought all grades at around Rs 6,275 per maund to Rs 6,500 per maund and deals for fine and second grade lint for blending purpose remained soun

Textiles and garments continued to see positive export growth in the first half of this year, increasing 10.6 per cent year-on-year to $14.2 billion, according to figures from the Ministry of Industry and Trade (MoIT). The first-half figure, however, is a touch below what’s needed for the annual target of $30 billion to be reached. Significant contributors to growth included fiber, with export turnover of $1.69 billion, up 27.4 per cent year-on-year, and garments, up 9.1 per cent to $11.84

CHINA’S economy is expected to grow 6.5 percent this year with the yuan weakening to 7.1 per US dollar, Commerzbank said yesterday. A slowdown in the real estate market and policymakers’ commitment to deflating asset bubbles will drag domestic economic growth for the year down from first quarter’s 18-month record of 6.9 percent. China’s policy tone has turned less dovish since late 2016 and the People’s Bank of China will continue to maintain relatively tight liquidity to force de-leveragi

The size of India's textile market is expected to touch USD 250 billion in the next two years from USD 150 billion now, a senior government official said on Tuesday. "We see tremendous growth potential for the textile industry and it is expected to touch USD 250 billion in the next two years from the present USD 150 billion. The domestic market is (currently) estimated at USD 110 billion and exports at USD 40 billion," Textile Commissioner Kavita Gupta said. She was speaking after inaug

The 41st Texworld Paris will introduce a new segment on denim - Texworld Denim. The four day programme beginning from September 18, 2017 attracts ever-increasing numbers of international manufacturers specialising in fabrics, trimmings and accessories. Over 910 exhibitors from various parts of the world will present at the textile exhibition. "On the occasion of the 41st Texworld Paris show, Messe Frankfurt France is introducing a new segment that goes by the name of Texworld Denim. The denim

Cotton exports of India are likely to see a decline of 17 per cent in the 2016-17 cotton season. India exported 72 lakh bales of cotton in 2015-16 and Cotton Association of India (CAI) has estimated the exports to touch 60 lakh bales in the ongoing cotton season. The CAI has placed its cotton crop estimate for the season at 336.25 lakh bales of 170 kgs each. The projected balance sheet drawn by the CAI has estimated total cotton supply for the season at 406.25 lakh bales while the domestic co

Chinese President Xi Jinping said his country hopes that the Group of 20 (G20) major economies will continue to champion the building of an open world economy. Xi made the appeal in a signed article published Tuesday on mainstream German media before he travels to the European country for a state visit and the upcoming G20 Hamburg summit. Recalling the achievements of last year's G20 summit in Hangzhou, China, Xi said the world economy still faces daunting challenges despite "further con