Infrastructure development is the main challenge for the country’s readymade garment exporters for reaching $50 billion export on the 50th anniversary of Bangladesh in 2021, experts said at a seminar on Sunday. In the first session of the three-day Dhaka Apparel Summit which began on Sunday in Dhaka with the slogan ‘Bangladesh RMG 2021- reaching $50 billion on the 50th anniversary of Bangladesh – a collaborative and coordinated approach’, they focused on developing a strategic action plan to

Home textiles major Welspun India Limited (WIL), part of the Welspun Group has unveiled its new spinning facility of 170,000 spindles at Anjar, Gujarat - the largest under one roof in India. The new facility at Welspun City, a 2,500 acre township in Anjar was inaugurated by Gujarat chief minister Anandiben Patel on Saturday, along with Santosh Kumar Gangwar, minister of state for textiles (independent charge), Government of India, and Saurabh Patel, minister of finance, Government of Gujarat.Th

Government has launched four schemes, including a technology mission, for promotion and growth of technical textiles, Lok Sabha was informed. Technical textiles are materials manufactured primarily for their technical performance and functional properties rather than aesthetic and decorative purpose.Textiles Minister Santosh Gangwar said during Question Hour that three other projects are schemes for strengthening of database and standards for technical textiles, scheme for usage of agritextil

No extraordinary trading activity was seen on the cotton market on Friday as mills did routine buying to meet their needs, dealers said. The official spot rate halted further losses, showing no change at Rs 4,650, they said. The seed cotton prices in Sindh were unchanged at Rs 1500 and Rs 2400, in Punjab prices were also inert at Rs 2000 and Rs 2500, they said. Nearly 20,000 bales of cotton changed hands between Rs 6450 and Rs 4975, they added. Cotton analyst, Naseem Usman said that the ginn

Bangladesh will need between $74 billion and $100 billion in the next decade to improve infrastructure which, coupled with political stability, is key to attaining $50 billion in annual apparel exports in seven years from now. Experts, policymakers and entrepreneurs shared a common view yesterday at a discussion on “Infrastructure -- the Road to Chittagong & Beyond” at Dhaka Apparel Summit. Bangladesh Garment Manufacturers and Exporters Association organised the three-day summit at Ban

Garment entrepreneurs yesterday demanded a reduction in lending rates along with other measures to help manufacturers grab a larger slice of the global apparel market. “If interest rates are not reduced, many factories would fold,” Atiqul Islam, president of the Bangladesh Garment Manufacturers and Exporters Association, said. Islam's comment came at a panel discussion during the Dhaka Apparel Summit, organised by the BGMEA at the Bangabandhu International Conference Centre in Dhaka. He

Textiles have been a small part of the Kenyan economy, but the sector has the potential for growth, according to Adan Mohamed, industrialization minister. The government is trying to entice textile manufacturers with a hefty new subsidy, this year slashing the cost of power from Ks18 ($0.20) a kilowatt hour to Ks9. Mohamed believes the sector can create 300,000 jobs if the country can only give it the fillip it needs to grab a larger slice of the global clothing market , estimated by the Int

The small and Medium Enterprises (SME) textile sector is the majority sector and plays an important part in the economy of Pakistan. Hence the Union of Small and Medium Enterprises (UNISAME) has urged the federal minister for textiles and industries Abbas Khan Afridi to sharpen the forthcoming textile policy to facilitate the SME sector and address the issues of the majority sector conscientiously. He said that the ministry should consult the SMEs in the making of the textile policy as a non-

Driven by a large fall in the area planted to cotton, the production of white gold in Australia is forecast to fall by almost half in 2014-15, according to the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES). In its Australian Crop Report, released this month, ABARES says “Less than favourable seasonal conditions during winter and spring in Queensland and northern New South Wales depleted soil moisture levels and irrigation water availability, resulting in unfav

Mexico is set to host the third edition of ExpoProducción, at the World Trade Center in Mexico City, from February 4th to 6th, 2015. ExpoProducción is expected to be the event of the year for everyone involved in apparel, home textiles, and technical textile sectors. During three days, attendees and exhibitors will gather in one place and discover the latest products, services and technologies.The leaders in equipment and machinery companies, along with national and international manufacturers