“Many textile & garment companies are leaving the market because of the state’s unstable policies,” said Truong Van Cam, deputy secretary general of the Vietnam Textile and Apparel Association (Vitas) at a workshop held by the World Bank (WB) and the Vietnam Chamber of Commerce and Industry (VCCI). “A garment company wanted to import a printer to make products for export and it took the company’s owner six months to obtain the import license,” he said, citing an example to show how curren

Exports of textile and clothing fell by 8.76 per cent to $8.363 billion in the first eight months (July-February) of 2015-16 from $9.166bn in the same period last year, Pakistan Bureau of Statistics data showed on Thursday. The sector has been facing chronic energy shortages and stuck-up exports refunds. The decline in exports, from July 2014, was despite the preferential market access to the European Union. “The government has failed to capitalise on the opportunity of Generalised Syst

In recent years, the sustained rise in production costs on the Chinese mainland has eroded the profit margins of many Hong Kong companies with labour-intensive factories located on the Chinese mainland, prompting them to seek alternative production bases elsewhere. India is rising as a new choice of relocating labour-intensive industries from China and also as a retail market of good potential, according to reasearch report by The Hong Kong Trade Development Council (HKTDC). Hong Kong as

India’s spun yarn exports in February 2016 were up by 22.8 per cent in volume terms while it declined 17.3 per cent in value terms. Spun yarn (all kinds) shipments in February 2016 were at 158 million kg worth US$307.9 million while the average unit price realisation was down US$0.95 a kg as compared to the same month last year. Chinese demand for Indian yarn has been reduced due to rising imports from Vietnam which is the second largest yarn exporting country to China. Also, China restricted

The government of northwest China's Xinjiang Uygur Autonomous Region has promised policies including rent-free factories and favourable loan deals to boost the local textile industry and create 11,000 jobs this year, Xinhua has reported. Liang Yong, deputy secretary-general of the regional government said Xinjiang would establish a fund for textile and garment companies to help them increase exports to central and western Asia, Russia and Europe. According to the report, new companies from

China and Nigeria share similarities in huge human and material resources, this is one of the reasons for Chinese Government to express interest in partnering with the Kwara State Government to develop a textile industrial park in the state. This was made known at the weekend by the Chinese Ambassador to Nigeria, Gu XiaoJie, when the Kwara State Governor, Dr. Abdulfatah Ahmed, led a state delegation and a Chinese Company, Ming Bo Jin Sheng Star Company Limited, to the Ambassador in Abuja.

Amongst all the competitive sportswear giants, Nike is upping its game with a series of new apparel technologies and an improved fitness app. Nike's latest innovation is the all-new HyperAdapt, a trainer that ties its own laces and uses digital, electrical and mechanical engineering designed for movement. While it might sound complicated, “when you step in, your heel will hit a sensor and the system will automatically tighten,” explains Tiffany Beers, Senior Innovator, Nike, Inc., and the pr

From ready-to-wear knits manufactured instantly to customised dresses produced on inkjet printers, Japan's apparel industry is turning to state-of-the-art technology in a bold bid to cut labour costs and secure its future. At manufacturing giant Shima Seiki's factory in western Japan, garments materialise in minutes, thanks to digitally-programmed automated machines that can turn out a sample seam-free pullover in half an hour with a push of a button. The WholeGarment system patented by

Vietnam and India have made significant progress in textile and garment trade last year, Vietnamese Deputy Minister of Industry and Trade Do Thang Hai said on Tuesday. He made the statement at the third meeting of the Vietnam-India Joint Sub-Commission on Trade in New Delhi, the Vietnam News Agency reported. Commerce Secretary Rita Teaotia who led the Indian delegation, said the partnership between the two countries has been further developed in multiple fields, including textiles and garm

The cotton spinning industry welcomes reduction of VAT on cotton and other yarn from 6.05% to 3.63% in the state budget proposed on Tuesday. The spinning industry was facing tough times in Punjab due to higher VAT, as spinners from neighbouring states used to sell it at 2% VAT, with this reduction in tax rates, the spinning industry will be able to compete, said Bathinda-based Indian Cotton Association Limited (ICAL) former president Rakesh Rathi. According to Barnala-based Trident Group