Cambodia garment sector may find itself lagging behind as a global manufacturing hub as it is facing a number of challenges such as regulatory obstacles, insufficient infrastructure, an uneducated workforce and lukewarm global demand — in its quest to cultivate its industry and move up the manufacturing value chain. The country's political atmosphere, largely undiversified economy and weak supply chain only compound its troubles. According to the country's Garment Manufacturers' Association,

In the current cotton year which runs from October of one year to September of the next, about 37 percent of exports have been to Pakistan. But with the domestic cotton prices on the upside since April, moving up to Rs 50,000 a candy (356 kg), due to expectation of weak production this has affected exports, mainly to Pakistan, says the trade. J Thulasidharan, president of the Indian Cotton Federation said that China is the major buyer for Indian cotton but this year's demand was not so good.

Pervaiz Rashid, the Pakistan minister for information and broadcasting said that the textile sector has the incredible ability to create employment at the grass root level. He added that through industry friendly policies, the current government has put the economy on the right track. Rashid was addressing the inaugural ceremony of the Textile Asia 2016 show. According to the minister, these types of textile exhibitions were very important, since they help in attracting investments and increa

Pakistan is expected to produce around 13 million bales of cotton in the current season, thereby recovering from the dip in production in the previous season. This has been made possible through close coordination between the central government and government of Punjab by controlling the Pink bollworm, which had damaged the cotton crop last season. This information was shared at a meeting of the Federal Textile Board (FTB), chaired by minister for commerce Khurram Dastgir Khan, attended by re

Fireworks light up the West Lake in Hangzhou, capital of east China's Zhejiang Province, Aug. 30, 2016. --Xinhua Policy watchers worldwide are looking to the Group of 20 (G20) summit, to be held in China's eastern city of Hangzhou in early September, to work out ways to get global economy back on track. This is also an important moment spotlighting China's leadership, as the summit is expected to see consensus and coordinated measures to tackle challenges facing both developed and develop

CHINA'S top economic planner warned on Wednesday that challenges remain in investment and trade, and meeting annual growth targets will require "arduous efforts." It is estimated that pressure will still remain in economic development in the second half of 2016, said Xu Shaoshi, chairman of the National Development and Reform Commission, during its ongoing bimonthly session. While delivering a report to the session, Xu expressed confidence that the country could meet major annual targets i

Panic buying was witnessed on the cotton market on Tuesday where prices touched a new seasonal high and crossed Rs7,000. Floor brokers said that there was growing concern about crop size, particularly when new spell of heavy rains entered cotton-growing belts of Sindh and Punjab. The uptrend in the global market was totally against the global trend where cotton prices continued to be under pressure, brokers said. However, market analysts believe that divergent trend in local and world m

With Pakistan’s cotton sowing remaining 25 percent lower this year compared to the last year, its cotton production likely to face a shortage of around 2.5 million cotton bales during current year, said Girdhari Lal of Pakistan Cotton Ginners Association. Girdhari Lal further said that with country’s cotton demand hovers around 14 million bales while the production estimated at a little above 11 million bales. According to their estimates, around 2.5 million bales would need to be imported.

NITI Aayog's proposal to build a mega textile city on the lines of the China Textile City in Keqiao district may be accepted by the Andhra Pradesh government. The textiles city would mainly cater to the export market. The process of identifying land, technology and expertise for building the city has already been initiated by the Central government. Textiles minister Smriti Irani has spoken to Andhra Pradesh chief minister N Chandra Babu Naidu asking the state government to provide land and o

Indian and Bangladesh have undertaken to resolve various impediments in Bangladeshi jute exports to India, which include ongoing anti-dumping investigations undertaken by the government of India. India imports 12 per cent of Bangladesh's jute export of 815,000 tons per annum, with value added yarn accounting for the majority of exports. In a statement after meeting Indian high commissioner Harsh Vardhan Shringla, commerce minister Tofail Ahmed said, “There is high demand for Bangladeshi goods