Apparel exports to the United States continued to rebound in the January-April period of 2015—thanks to an increased volume of order as the outcome of safety inspection in the readymade garment factories made the buyers confident. Readymade garment exports to the US market in the first four months of 2015 grew by 7.03 per cent to US$ 1.82 billion from US$ 1.70 billion in the same period of last year, according to the data of the office of textiles and apparels under the US Commerce Department

Ludhiana-based Bhandari Hosiery Exports (BHE) plans to set up a new line of multi faceted fabric manufacturing units at its existing location to support its future growth in textile production business. Focusing largely on exports of garments with expertise in T-shirt, BHE plans to expand its presence in Europe and the United States that contribute around 70% of annual sales. The company plans to spend Rs 12-15 crore this year after Rs 22 crore spent to create similar capacity during the l

The National Union of Textile Garment and Tailoring Workers of Nigeria (NUTGTWN) has lauded the renewed efforts of the Nigeria Customs Service (NCS) in the fight against smuggling. “We are impressed by the recent discovery of 75 illegal warehouses in Kano where contraband textile materials worth about Naira 319.9 billion were stored. We commend the customs for the reported seizure of the smuggled textile materials. We hope that this development is not another passing fad in line with the mood o

The global organic cotton market with three consecutive years of production decline from 2012 to 2014 has witnessed ten percent rise in production largely due to increased market demand as well as more collaborations between farmers and the textile supply chain, according to Textile Exchange’s annual report. As per survey report, retailers C&A, H&M and Tchibo are the industry leaders in organic cotton targets and commitment, these being the top three users of organic cotton by volume.

The government on Thursday proposed raising the tax at source on export proceeds of readymade garments to one per cent from existing 0.30 per cent to consider this tax deduction at source as final tax liability for the sector. Finance minister Abul Maal Abdul Muhith made the proposal before the parliament while announcing the proposed national budget for the upcoming financial year 2015-16. The readymade garment exporters, however, opposed the proposal saying that the increase in the tax

The textile exports from the country increased by 2.94 percent in April against the exports of same month of last year. The exports of textile group in April, were recorded at $1.081 billion against the exports of $1.05 billion in April 2014, according to Pakistan Bureau of Statistics (PBS). Similarly on month on month basis the textile group exports in April also increased by 4.6 percent from $1.033 billion in March 2015 to $1.081 billion in April. The exports of textile group during f

The West Bengal government has made an ambitious plan to attract around Rs. 37,000 crore in the State through 10 textiles clusters or parks. Chief Minister Mamata Banerjee on Monday said these proposed projects were planned to fetch a total estimated investment of more than Rs. 37,000 crore, which includes setting up of parks. These will provide employment to 6 lakh people. According to estimates, the development expenditure of these projects will be about Rs. 9,159 crore and investment in mo

Garment and footwear exports obtained an impressive growth in the first five months of this year, according to the Ministry of Industry and Trade’s latest report. Vietnam Garment and Textile forum 2015: big opportunities Q1 textile, garment exports fail to meet high expectations Foreign investors scampering for a share in garment industry In May, output of natural fabrics was estimated at 26.8 million sq.m, a year-on-year rise of 5.5% while that of synthetic fabrics dipped 4.9% to

Ludhiana-based Bhandari Hosiery Exports (BHE) plans to set up a new line of multi faceted fabric manufacturing units at its existing location to support its future growth in textile production business. Focusing largely on exports of garments with expertise in T-shirt, BHE plans to expand its presence in Europe and the United States that contribute around 70% of annual sales. The company plans to spend Rs 12-15 crore this year after Rs 22 crore spent to create similar capacity during the l

Textile Raw Material Price 2015-06-03 Item Price Unit Fluctuation Date Crude Oil WTI 61.26 USD/Barrel 1.76% 2015-06-03 Crude Oil Brent 65.49 USD/Barrel 0.94% 2015-06-03 PX 950 USD/Ton 4.86% 2015-06-03 PTA Buy 5100 RMB/Ton 3.03% 2015-06-03 PTA Sell 715 USD/Ton 0.7% 2015-06-03 MEG Buy 7250 RMB/Ton 0.69% 2015-06-03 MEG Sell 930 USD/Ton 0.54% 2015-06-03 CPL Buy