Japan wants to increase its investment in Bangladesh’s readymade garments, pharmaceuticals, automobiles and electronic manufacturing industries, said JETRO country representative Kei Kawano. He came up with the announcement after signing a Memorandum of Understanding (MoU) with Metropolitan Chamber of Commerce and Industry (MCCI) in Dhaka yesterday. Kei Kawano and MCCI President Rokia Afzal Rahman signed the MoU on behalf of their respective organisations, aimed at improving cooperation o

Pakistan Yarn Merchants Association (PYMA) Zonal Chairman M Akram Pasha, Central Chairman Qaisar Shamas Guccha and Zonal Vice-Chairman Adnan Zahid Butt have expressed grave concern over large scale imports of cotton yarn from India and have demanded enhancing regulatory duty to 10 percent and restricting of yarn imports. Talking to media persons here on Monday, they said the import of cotton yarn from India was negatively impacting the local textile industry, spinning sectors and yarn market

Bedwear export has plummeted by 20 per cent in dollar term while 26 per cent decline depicted in quantity, despite having GSP Plus status; observed by Federal Bureau of Statistics (FBS) in its latest statistics for September, 2014. According to Pakistan Bedwear Exporters Association (PBEA), the bedwear industry was expecting the decrease due to wrong policies of the government such as electricity and gas loadshedding, high bank mark-up rates and re-valuation of the rupee by the finance minister.

Indian apparel exports to the US has witnessed rise by 7.5% at 745 million square metres equivalent (msme) for the period January-September 2014 over the corresponding period last year, as per the latest data by the US Department of Commerce's Office of Textile and Apparel (OTEXA). Banking on shipments for the festive season in December and a reviving global economy, especially in the western markets like the US and Europe, the industry anticipate close to 10% growth in apparel exports to the

Pakistan Yarn Merchants Association (PYMA) has urged the government to enhancing regulatory duty to 1O percent and restricting of large scale of imports of yarn. Talking to newsmen, Qaisar Shamas Guccha, Central Chairman Pakistan Yarn Merchants Association (PYMA), M Akram Pasha. Chairman Punjab & KPK Zone & Adnan Zahid Butt, Zonal Vice Chairman have expressed serious concern over large scale imports of cotton yarn from India and said that the import of cotton yarn from India is negativel

The country's apparel exports to Spain are expected to go up following improvements in factory conditions, Spanish Ambassador Luis Tejada said yesterday. After the Rana Plaza building collapse, the country has undertaken several initiatives to upgrade the garment industry, which will encourage Spanish clothing retailers to buy more from here, he said. "It is a good sign. Spanish retailers will not have to look beyond Bangladesh to procure apparel," he said, while citing the case of Vintage

Raw jute prices shot up in the last two months in spite of sluggish exports. At present, raw jute is trading at Tk 1,600-1,800 a maund (40 kilogram) in producing regions, which is 13 percent higher than last year. This has put pressure on public and private mills, already under pressure for shrinking export receipts. The reason for the escalating prices was heightened speculation that production would fall much below last year's level, according to Prabir Saha, a trader in Faridpur, one of

WUZHEN is a picturesque watertown in Zhejiang Province much like the others in the region except for one thing — it is famous for dyed textiles that resemble batiks. Known as lan yin hua bu (蓝印花布), many tourists come specifically to buy indigo tablecloths, scarves, quilt covers, cushions, curtains and more. The Tong Feng Yu workshop has produced handmade lan yin hua bu for hundreds of years and continues using the same techniques today. Producers now create e

The government is going to finalise new textile policy with the aim of raising local textile production from the existing 7,000 million mitres to 14,036 million mitres of fabrics by 2019-20. Currently, country’s textile sector meets 62 per cent of the local demand for fabrics — 11,400 million mitres — a year. Earlier, the government had taken several moves to update the textile policy in line with the changed global scenario but the attempts were not successful. The present textile polic

With China and Bangladesh becoming costlier and unviable day-by-day, India is gradually garnering its share in apparel exports to the US. India saw a rise in apparel exports to the US by 7.5% at 745 million square metres equivalent (msme) for the period January-September 2014 over the corresponding period last year, as per the latest data by the US Department of Commerce's Office of Textile and Apparel (OTEXA). As against this, China and Bangladesh posted 3.9% and -4.63% growth in apparel