With exports of textile and textile products rising in Indonesia, the Government there is trying to revitalise the sector by introducing new machines and equipment and issuing economic policy packages. There are also plans for a special regulation on fiscal incentives in the form of fiscal allowance for export oriented labour intensive industry. Industrialists would have income tax discounts for business expansion under the incentives planned, an Indonesian news agency report said. Indones

Textile and clothing exports rose 6.2 per cent year-on-year to $1.064 billion in March, mainly driven by value-added products such as garments, the Pakistan Bureau of Statistics said on Monday. The increase in export proceeds was also evident in rupee terms. The data for the month shows that exports of value-added products grew during the month, both in terms of value and quantity. Product-wise details show that exports of readymade garments rose 19.5pc while that of knitwear grew 5.4pc in

The combined social and environmental costs of Fairtrade cotton farming are five times lower than that of conventional farming, according to a study in India, one of the world’s largest producers of cotton. Data showed that the impacts of Fairtrade farming were 97 per cent lower for social elements and 31 per cent lower for environmental components studied. The new research by Fairtrade aimed to provide fashion brands with a useful new tool to enhance visibility of their cotton sourcing and d

After a period of stagnation, capital inflows into the textile and garment industry have started pouring back, continuing to expand existing projects, with a focus on deeper exploitation of existing export markets. The biggest increase in investment capital in the textile and garment sector in the year so far is the expansion of the plant to manufacture polyester fibre products by Taiwanese Polytex Far Eastern Group in Binh Duong Province. This investor has been granted a license to increase

Rising star Pyper America Smith has been named the face of Superga’s spring-summer 2017 campaign. Photographed outdoors, the blonde beauty looks perfectly laid-back in the sneaker brand’s latest styles. Pyper America models on-trend color ways ranging from classic white sneakers to rose gold metallic hues. Discover more from Superga’s spring campaign below. Source: Fashion Gone Rogue.

Textile and apparel exporters' earnings and EBITDA margins will be impacted in the near term due to the Indian rupee's 5 per cent appreciation against the dollar in 2017 year to date and weak apparel imports from markets such as US and UK, says a recent report. The on-going strength of the INR vs USD constrains the price competitiveness of textile exporters. Apparel exporters' value-added garments mix, partially hedged forex exposure, debt-light structure and reasonable liquidity support the

The Chairman of Central Silk Board of India, K.M. Hanumantharayappa , has taken a crucial decision to stop the import of silk from China. Presently, India is producing 28,000 to 30,000 tonnes of raw silk every year as against its requirement of 34,000 tonnes. A shortfall of 4,000 to 6,000 tonnes is being made good by imports from China. According to him, though Karnataka accounted for as much as 60% of the country’s raw silk output, there was no State in the country that was not producing sil

Vietnam earned 6.84 billion USD from garment and textile exports in the first quarter of this year, a rise of 11.2 percent year on year, according to the Vietnam Textile and Apparel Association (VITAS). Currently, Vietnamese garment and textile products have been available in 40 countries and territories over the world, with major markets including the US, Japan, the Republic of Korea, China and the EU. The VITAS urged enterprises to optimize the capacity of their equipment to reduce produ

Domestic production of cotton yarn and cotton cloth during first eight months of current financial year grew by 0.67 percent and 0.43 percent respectively as compared the production of the corresponding period of last year. According the computation of Quantum Index Numbers of large scale manufacturing industries released by the Pakistan Bureau of Statistics about 2.285 million tons of cotton yarn produced during the period from July-February, 2016-17 as compared the production of 2.269 milli

While some say that China still relies on its traditional growth boosters for its strong results, the world' s second largest economy is making strides far beyond its expectation-beating growth. Taking a closer look at China's 6.9-percent economic expansion in the first quarter, it is the increasing role of the consumption and service sectors, rather than infrastructure spending and credit growth, that deserves attention. First-quarter GDP growth accelerated from 6.8 percent in the previ