The production of textile industry in Spain registered a fall of 0.2 percent year-on-year, for the month of March, 2014, as per the latest Industrial Production Index (IPI) data released by the National Statistics Institute (INE). According to the INE data, the decline in the IPI registered in the textile sector of the country during the month of March is slightly lower than the 3.6 percent fall recorded during the month of February 2014. The IPI in the Spanish garments sector also incurr

The exports of cotton yarn from India in fiscal year 2013-14 are likely to be around 1.35 billion kg worth US$ 4.7 billion, according to a study by the Cotton Textiles Export Promotion Council of India (Texprocil), reports Business Standard quoting PTI. India exported 1.082 billion kg of cotton yarn valued at $3.75 billion in April-January 2013-14 period, Texprocil data shows. The study says that high quality is ensuring firm orders for Indian yarn from international markets. Is sees the c

Production line of a FDI enterprise (Photo: VNA) Footwear exports reached 730 million USD in April alone, bringing the total export turnover of the products in the first four months of this year to nearly 2.9 billion USD, up 21.9 percent on year-on-year basis.The export of bags, suitcases, umbrellas and hats climbed to 821 million USD in the reviewed period, up 48 percent against the corresponding time in 2013.The earnings from footwear exports to the traditional markets of the US, Japan, B

Illustrative image (Photo: VNA) The Vietnamese apparel sector earned nearly 6 billion USD from exports in the first four months of 2014, a 20 percent rise over the same period last year, according to statistics from the Ministry of Industry and Trade. Le Tien Truong, Vice Director of the Vietnam Garment and Textile Group (Vinatex), said the sector’s strong growth was foreseen right from the beginning of the year as their was a surge in the number of orders. Currently, many enterprises

A small number of local exporters can meet the stringent requirements for environmental sustainability that Vietnam’s key export markets are applying to this product, Vietnam National Textile and Garment Group (Vinatex) has warned. Deputy general director Dang Vu Hung of Vinatex told a conference on environmental criteria for garments and textiles in HCMC on Monday that only 5-10% of the 200 affiliates of the group could meet those criteria that more foreign importers were placing an emphasis

Representatives of the textile sector urged the government to urgently address the issues faced by them. PHOTO: FILE Industry representatives asked the government to allow a 10% compensation rebate on exports from March to September, exempt export purchases from sales tax, reduce cost of business, inject liquefied natural gas (LNG) into the system and link markup with the London Inter-bank Offered Rate (Libor). Pakistan Textile Exporters Association (PTEA) Chairman Sheikh Ilyas Mahmood wa

“There is a clear need for modernising the powerloom sector,” Secretary, Union Ministry of Textiles, Zohra Chatterjee told Business Line here on Wednesday. After visiting the powerloom cluster in Palladam and Avinashi in this region, Zohra observed that the sector is in dire need of modernisation. “The machinery, processes and technology are all outdated. There is an urgent need to make this sector more vibrant. “The Ministry of Textiles has introduced a Hire Purchase Scheme under the Tech

US Deputy Assistant Secretary of State for South Asia Fatema Sumar yesterday praised Bangladesh for making improvements in the garment sector after the Rana Plaza collapse, the nation's worst industrial disaster. Sumar spoke during a courtesy call on State Minister for Foreign Affairs Shahriar Alam at Ruposhi Bangla Hotel in the capital. Alam briefed her on the progress Bangladesh has made so far after the Rana Plaza collapse, saying it took a lot of dedication and commitment from all stak

Commerce Minister Tofail Ahmed on Thursday said any readymade garment at risk of accident will be shut down immediately to avoid a tragedy like the Rana Plaza. He was talking to reporters after a meeting of Commerce Ministry, Labour Ministry, BGMEA, BKMEA, ILO and the two platforms of international brands and retailers – Accord and Alliance – at the Secretariat. The minister said stakeholders involved in the effort to ensure building safety in the RMG sector have agreed that a risky factor

The exports of garments and textiles from Cambodia grew by 5.81 percent to US$ 374.93 million in the first two months of the current year, compared to exports of $354.33 million made during the same period last year, data with the Garment Manufacturers Association in Cambodia (GMAC) showed. From January to February 2014, Cambodia exported $159.83 million worth of garments and textiles to the US, followed by $63.93 million to the EU, $49.1 million to Canada, $31.95 million to Japan, and $70.12