The Department of Trade and Industry (DTI) of South Africa, to help boost the clothing and textile sector through the Production Incentives Programme (PIP) within the Clothing and Textiles Competitiveness Programme (CTCP), has approved R4.9 billion in incentives, with more thanR3.1 billion disbursed in the last financial year to create and save jobs in the sector, said Trade and Industry Minister Rob Davies. Throughout the sector, a number of companies that qualified and drew from both progra

China's economy is likely to remain solid in the first quarter of this year, growing 6.8 percent from a year earlier, Goldman Sachs forecast. The bank said in a research report that purchasing managers' index (PMI) readings from both official and private surveys have implied firm activity growth overall. It expected China's GDP growth to reach 6.6 percent for 2017. Goldman Sachs expected China's industrial production to rise 6.4 percent in March, slightly higher than the 6.3 percent growth

A file photo shows workers busy at a readymade garment factory in Dhaka. RMG export to China witnessed more than 27 per cent increase while that to India suffered nearly 8 per cent decrease in the July-March period of the current financial year 2016-17. — New Age photo Readymade garment export to China witnessed more than 27 per cent increase while that to India suffered nearly 8 per cent decrease in the July-March period of the current financial year 2016-17. Exporters and experts said in

The government has been urged to formulate a new cotton policy to avoid losses suffered due to crop failure over the last two consecutive years. Analysts say the key crop failure should be taken seriously also because it did not occur in any of the cotton-growing countries except Pakistan. The cotton crop failure has far-reaching impact in the country where 60 per cent population lives in rural areas. A short crop resulted in job losses to rural workforce, particularly women cotton pic

Exports of jute goods to India have been affected after New Delhi imposed antidumping duties on the natural fibre-based products from Bangladesh, industry operators said yesterday. India slapped the antidumping duty – ranging between $19 and $352 a tonne -- on January 5, following which, shipments from Benapole land port, which handles over 90 percent of Bangladesh's jute exports to India, fell in both January and February this year. Year on year, jute goods exports slumped 52 percent to 6

Garment shipments to Canada, one of the major export destinations for Bangladeshi manufacturers, dropped 7 percent to $437.78 million in the first half of this fiscal year on the back of lower demand. “The decline is due to global slump in demand for apparel,” said Faruque Hassan, vice-president of Bangladesh Garment Manufacturers and Expor-ters Association. In 2015, the demand for apparel items slid 7.8 percent globally and the decline continued in 2016 at the same rate, he said. As a

In Turkey's mainly Kurdish southeast, deeply scarred by conflict between state forces and militants, a textile firm that supplies companies across Europe plans three new factories - a rare bet the government can deliver on a vow to regenerate the region. The government announced a $2.8 billion investment scheme for the area in September, hoping to win over the population with the prospect of economic revival before a referendum later this month on expanding President Tayyip Erdogan's powers.

Belarus may become a new European technical textiles production centre, thanks to the announced plans to build a new industrial cluster on the basis of Mogilevkhimvolokno, the largest producer of polyester fibres and yarns in Europe. The new cluster will operate on full cycle basis, from the processing of raw materials to the manufacture of finished products. To date, the company has completed the process of technical modernisation, which took place through the installation of new German prod

South African government approved R4.9 billion and disbursed more than R3.1 billion in its clothing and textiles sector to create and save jobs till the last financial year through the department of trade and industry. The funds were disbursed through the Production Incentives Programme within the Clothing and Textiles Competitiveness Programme (CTCP). This was stated by minister of trade and industry Dr Rob Davies at the first clothing manufacturing industry sector summit hosted in Durban by

Textile importers from Germany, Denmark and other European countries, during a tour of Western Uganda Cotton Company (WUCC) in the south-western Uganda district of Kasese last week, said that they were allured with the quality of Uganda's cotton that they were receiving from the country. The investors who were taken through the cotton ginning process by an official from WUCC, Walter Obonyo, also commissioned Hanne nursery and primary school in Nyamirangara, Kasese. The community-based school,