A two-day Denims and Jeans Show began at Hotel Radisson in Dhaka on Sunday, aiming to help increase exports of the items from Bangladesh. Twenty-six companies from Bangladesh, India, Pakistan, Germany, Turkey, Brazil and China are taking part in the exhibition to showcase their denim trousers, fabrics and modern machinery. Denimsandjeans.com Bangladesh has organised the event for third time in partnership with the Deutsche Gesellschaft für Internationale Zusammenarbeit (German Federal En

Despite zero import duty, the country’s RMG manufacturers are unwilling to import prefabricated building materials for relocating factories and make them compliant as entrepreneurs think the structure still remains expensive. In the current budget, the government on certain condition allowed the export-oriented RMG sector to import duty-free raw materials needed for the manufacture of the required prefabricated buildings. This duty-free import was aimed to help create favorable and safer p

A tiff over procurement of foodgrain packaging material in the ensuing rabi season has put the jute sector in a tight spot. While the Union food, civil supplies and consumer affairs department has allowed for packaging of grain in plastic bags, the Union ministry of textiles said there was no dilution in the packaging norms. The jute industry is worried, as it is sitting on a huge stockpile of bags. Earlier this month, the Punjab government had requested the department to allow it to purchase

The government has set 15.49 million bales cotton target for the next season (2015-16) against the revised target of 13.48 million bales for the outgoing season (2014-15), it is learnt. The government had set initial target of 15.1 million bales for the current season (2014-15), however later the target was revised three times to finally set at 13.48 million bales due to multiple issues including water shortage, rains/floods, and shortage of certified seed. Official sources told Business Rec

Sustained buying by mills, spinners and exporters helped prices to maintain firm trend on the cotton market on Tuesday in the process of trading, dealers said. The official spot rate was unchanged at Rs 4950, dealers said. In the ready session, around 18,000 bales of cotton changed hands between Rs 4000 and Rs 5200, they said. Prices of seed cotton in Sindh were unchanged at Rs 1800 and 2300 while in the Punjab phutti rates showed no change at Rs 2000 and Rs 2600, dealers said. Some brokers

Exporters' buying pushed the rates higher on the cotton market on Thursday in the process of trading, dealers said. The official spot rate was unchanged at Rs 4,950, dealers said. In the ready session, around 14,000 bales of cotton changed hands between Rs 4850 and Rs 5200, they said. Prices of seed cotton in Sindh were unchanged at Rs 1800 and 2350 while in the Punjab phutti rates were at Rs 2000 and Rs 2600, dealers said. A kind of improvement was seen in fresh buying of cotton as LD expor

Minister of State for Textiles Santosh Kumar Gangwar inaugurated a Weavers’ Service Centre at Toluvi in Northeastern state of Nagaland, and also laid the foundation stone for Apparel & Garment Making Centre at Dimapur, also in Nagaland. The inauguration of the service centre and laying the foundation stone for apparel making centre reflect the government’s intent to make development inclusive and participatory. They also build upon the ‘Make in India’ brand, so as to take the textile indu

The denim industry will gather again in Dhaka for the third expo on denim and jeans that is schedule to start in Dhaka on March 1. The two-day show to take place at Radisson hotel will target local and international denim customers, said Denimsandjeans.com Bangladesh, organiser of the event. Bangladesh is a major sourcing hub for denim and jeans as the country sells more than $1.5 billion worth of denim apparel to different countries every year. According to owner of Denimandjeans.com Ban

Sustained buying by mills, spinners and exporters helped prices to maintain firm trend on the cotton market on Tuesday in the process of trading, dealers said. The official spot rate was unchanged at Rs 4950, dealers said. In the ready session, around 18,000 bales of cotton changed hands between Rs 4000 and Rs 5200, they said. Prices of seed cotton in Sindh were unchanged at Rs 1800 and 2300 while in the Punjab phutti rates showed no change at Rs 2000 and Rs 2600, dealers said. Some brokers

Respondents to survey reported a 14 per cent hike to 18,234 acres in US organic cotton acres planted in 2014 from 15,973 acres in 2013, representing the largest planted organic cotton acreage in almost 20 years. This happened, despite US farmers grappling with tight seed supplies, persistent weeds and a shortage of seasonal labour, a 2013 and preliminary 2014 US Organic Cotton Production & Marketing Trends report, says.The report published by the Organic Trade Association (OTA) informs that