The non-resident High Commissioner of Ghana to Bangladesh Samuel Panyin Yalley at a discussion meeting with the board of directors of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) at its board room for increasing bilateral trade and investment suggested arranging trade fair between the two countries. He proposed to open an Honorary Consulate in Dhaka and also showed interest to import jute bags from Bangladesh. Acting president of the FBCCI Md Shafiul Islam Mohiu

The cotton market on Wednesday in the process of improved buying by mills and spinners, witnessed rise in cotton prices sharply, dealer said. According to market sources, short supply and strong demand by mills and spinners caused price flare-up. It is expected that the rates may go up in the coming days. The official spot rate also picked up Rs 50 to Rs 5400 while in Punjab, rates of phutti were at Rs 2800-3150. In ready business 8000 deals of cotton bales finalized at Rs 5300-5750, dealers

LOCATED in the South Australian city of Adelaide, Michell Pty Ltd is one of Australia’s largest wool exporting companies. In 1870, the company began supplying the entire world with high-quality wool, quickly gaining notoriety because of their products’ reliability. Now, Michell is the world leader in wool fiber processing. Over the years, in an effort to protect the environment, Michell has continuously devoted itself to researching methods to decrease the environmental footprint left behi

Only 24 of around 700 garment factories inspected in Bangladesh meet international safety standards, a group of major brands said yesterday. The Alliance for Bangladesh Worker Safety, which was set up after the Rana Plaza disaster and represents North American apparel brands including Wal-Mart, said remediation work had been completed in 24 factories and was underway in hundreds of others. “It means only 24 factories (of those inspected) can now be called reasonably safe,” Mesbah Rabin, ma

China's ministry of agriculture is planning is promote commercial cultivation of genetically modified (GM) cotton over the next five years, Chinese media reported. In the past 20 years there is no case of scientifically proven safety hazard related to GM products, Liao Xiyuan, a ministry of agriculture official said at a news conference in Beijing. Stating that China cannot afford to be left behind other countries in the GM sector, Xiyuan defended the government's strategy to develop its o

FangYu Textile with excellent specialization in manufacturing and supplying warp knitting lace fabric, mesh fabric, jacquard fabric and designing capabilities of variety of lace fabrics now announces to supply superior quality wholesale lace fabric at affordable prices to their clients in the garment industry all around the world. With a team of expert design professionals and using advanced Germany Karl Mayer machines, they boast of maintaining an excellent quality and outstanding designs wh

Modest trading activity witnessed at cotton market with spinners laying hands over the quality lint on Tuesday, said dealer. However, according to the market sources, the spinners managed to make deals of fine quality, in the meantime they failed to go in a big way as the ginners were so much reluctant to dispose of their stock in expectation of better rates. The official spot rate remained unchanged at Rs 5,350 while in the Punjab prices of seed cotton were at Rs 2400 and Rs 3100. In the re

IFC, a member of the World Bank Group, is partnering with global apparel and footwear major VF Corporation and consumer products retailer Target Corporation to improve resource efficiency at their supplier factories in Vietnam. Under the first phase of this programme, energy and water efficiency assessments will be conducted at about 30 factories over the next 12 months to help them reduce operating costs and improve productivity while contributing to the country's green growth and climate ch

Pakistani Commerce Minister Khurram Dastagir Khan, has said that in order to encourage the textile sector, the value added tax (VAT) would become zero from July 1, 2016. The minister's comments came during an interaction with reporters after inaugurating the 15th Textile Asia 2016 Exhibition in Karachi recently. He also that the export of Pakistani readymade garments has increased in the international market and so have the prices due to quality products substantiated with value addition i

India’s blended spun yarns export value was up 4.9 per cent YoY in February 2016 while volumes rose 9.7 per cent as compared to the same month last year. 6.4 million kg of PC yarns was exported from India during the month. Polyester cottons yarns were exported to 57 countries in February 2016, of which, Bangladesh and Egypt were the largest importers of PC yarn from India followed by Morocco. Argentina, Pakistan, Indonesia and Poland were the fastest growing markets for PC yarns while Ch