A huge fire swept through a wool manufacturer in Hanoi on Wednesday, causing damage estimated at hundreds of billions of dong (VND100 billion = US$4.7 million). There were no reports of human casualties except for one firefighter who was reportedly injured during the fire. The fire broke out at some 11:30am at Ha Dong wool company in Van Phuc Ward, Ha Dong district. Witnesses said the flame erupted at the company’s warehouse and quickly burnt down silk, machines, and other inflammable

The Government of India has reduced the Central Excise Duty by 2 percent on textile machinery and also increased the allocation under the Technology Upgradation Fund Scheme (TUFS), to boost modernization of the textile industry. “To stimulate growth in the capital goods and consumer non-durables, I propose to reduce the excise duty from 12 percent to 10 percent on all goods falling under chapter 84 and chapter 85 of the Schedule to the Central Excise Tariff Act for the period up to 30.6.2014,

Around 20 jute mills were shut down in the last 7/8 months due to a depressed international market and currency devaluation in India, industry people said. Another major reason behind the closure of the factories that used to make sacks, bags and yarn is the government's failure to implement a packaging law for compulsory use of jute sacks to pack food grains and other items. The domestic demand would get a boost if the law was implemented properly, they said. “The current adverse situa

A programme aimed at promoting and supporting sustainable production of garments in Myanmar was launched at the first-ever meeting of the EU-Myanmar Task Force, held in Yangon. The ?2 million SMART Myanmar project aims to boost competitiveness of small and medium enterprises (SMEs) by building their capacity and increasing their skills and knowledge in partnership with local organizations, Myanmar Times reported. The 3-year (2013-2015) SMEs for Environmental, Accountability, Responsibility

Vying for a bigger share of the Vietnamese market, Indian cotton textile companies met with Vietnamese businesses yesterday in HCM City to promote the benefits of enhanced trade. At the meeting were representatives from more than 20 companies from India, one of the biggest cotton textile manufacturers in the world. Manikam Ramaswami, chairman of India's Cotton Textiles Export Promotion Council, said that in most markets the council had been able to reach a respectable level of trade fairly

India has gained high bilateral trade turnover in the garment industry with most countries, but its textile trade value with Vietnam remains low. The President of the Cotton Textiles Export Promotion Council of India (Texprocil), Manikam Ramaswami, made the statement at an exchange between Vietnamese and Indian textile makers in Ho Chi Minh City on February 18. Ramaswami said Indian cotton textile only accounted for 1.59%, cotton fibre for 16.5% and cotton fabric for 0.58% of

Workers at the Duc Giang Garment Corporation's Factory 4 back to work after the Lunar New Year holiday (photo: Thanh Chuong) Vietnam’s textile industry has targeted export revenue between US$22-23 billion in 2014 as it expects to benefit from a global economic recovery, increased demand for clothing and an enhanced production capacity. Output acceleration Output and export acceleration in the textile industry has been seen from the first days of 2014. After the Lunar New Year holiday,

Labor federation Trade Union Congress of the Philippines welcomes the move by Senate and House of Representatives to support a bill that raises the tax exemption ceiling on 13th month pay, bonus and other worker’s benefits. TUCP Director for Education Rafael Mapalo said if the current tax ceiling on those extra income mentioned is amended, it would result in bigger take home pay for current minimum wage earners. However, he said the government must also look at improving the daily wage rate.

In January, according to Customs, export value of apparel totaled 110.56 billion Yuan, 13.4% up over the month; textile export value totaled 64.44 billion Yuan, 11.7% up over the month. During recent two years, most domestic textiles adjusted product structure, put effort on R&D, and improve administration level to respond to the economy slow down, RMB appreciation and large cotton price domestic and abroad. In January, textile export remained at high level, and the finished product inventor

Shandong Ruyi Technology Group Co Ltd, one of the top ten Chinese enterprises in the textile industry involved in textile and clothing, cotton textile, cotton printing and dyeing, knitting, fiber, and jeans, is going to buy 80 percent stake in Huddersfield, UK-based Taylor & Lodge, reports Yorkshire Post. The remaining 20 percent share in the company would be owned by British firm Bulmer & Lumb Group, according to the report. Taylor & Lodge is reputed for producing finest luxur