Although the output of Da Nang’s textiles and garments companies accounts for only 7 percent of Viet n am’s total, the central city has greatest potential for the future development of this sector, according to a local newspaper. The Trans-Pacific Partnership between the 12 member nations is expected to be signed soon and Viet n am’s textiles and garments industry is likely to enjoy the agreement’s greatest benefits by increasing its competitiveness. Local businesses have made every effor

Around 10,000 workers from the biggest public textile company of Egypt, Misr Spinning and Weaving Company, situated at El-Mahalla El-Kubra industrial city in the middle of Nile Delta, are on a strike since February 10, 2014, over the non-payments of their yearly bonus, Arham Online reported. The workers are demanding that the state-owned textile firm immediately pay the last installment of their yearly bonus, which was scheduled to be disbursed by December 2013, as well as implement the 1,200

The Government of Indonesia is encouraging the use of locally-grown natural fibres like banana, pineapple, etc. by the domestic textile industry to decrease the country’s dependence on polyester and rayon imports, Euis Saedah, director general of Small and Medium Enterprises in the Ministry of Industry, has said. Talking to reporters in Jakarta, Ms. Saedah said the quantity of raw materials imported by the Indonesian textile and apparel industry is quite large. Last year, Indonesia importe

PTEA office bearers urged the government to drop the proposal for increase in sales tax. PHOTO:FILE The Pakistan Textile Exporters Association (PTEA) has strongly opposed the proposed increase in sales tax and changes in tax regime, saying that this will create a negative impact on textile exports. PTEA Chairman Sheikh Ilyas Mahmood said that this move would adversely affect exports at a time when huge amount of sales tax refunds are already stuck up with the Federal Board of Revenue (FBR)

Sri Lanka's booming footwear and leather sector has recorded the highest export growth in recent history. "Our footwear and leather exports have shown a strong growth trend. In 2012, exports from this sector stood at $ 30 million but in 2013 it registered $ 51 million, an increase of 63%," said Industry and Commerce Minister Rishard Bathiudeen at the inauguration of the sixth edition of Footwear and Leather Fair at the BMICH recently. Economic Development Minister Basil Rajapaksa, Indust

The state government has sanctioned Rs 10,000 per loom for upgrading plain powerlooms in Malegaon. Textile minister Arif Naseem Khan said on Wednesday, "The cabinet has sanctioned Rs 5 crore to provide financial assistance to 5,000 powerlooms in the first phase. The scheme will run simultaneously with the In-Setu scheme announced by the central government for Malegaon and Nagpur." In October 2013, the central government had approved Rs 150 crore to be spent in six textile clusters, includi

It has been a stellar six months for India's textiles companies. A weak rupee, consistent demand from China and a buoyancy in demand in the US and European markets, have helped as textiles companies across the value chain have done well. But it is companies who are into production of raw materials, especially yarn besides production and export of garments which have recorded a higher growth in revenues. Rally could well run for a year So will the rally in textile stocks on the back o

courtesy: haberler.com Turkey exported leather and leather products worth US$ 1.9 billion last year, indicating a surge of 16.4 percent compared to 2012, as per the data released by the Turkish Exporters Assembly (TIM) and the Istanbul Textile and Apparel Exporters Association (ITKIB). According to the TIM Export Data of December 2013, Turkey exported leather and leather goods worth $1.9 billion in 2013, whereas the country exported leather and leather articles worth $1.6 billion during 2012

China’s plan to sell raw cotton cheap in the domestic market to cut down its inventories may hit exports from the country. With massive reserves to offload, allocation of import quota by the country has become uncertain. China could cut the base selling price of 18,000 yuan/tonne ( Rs. 1.84 lakh) of cotton by about five per cent to spur purchases, according to trade sources. This may diminish the arbitrage advantage offered by Indian imports. Now, Indian raw cotton is available for Chin

International textile and readymade garment brands are increasingly taking interest in investing in Bangladesh, which clearly indicates the potential of the country’s clothing industry, said Bangladesh Textile Mills Association (BTMA) president Jahangir Alamin during a press conference held prior to the 11th Dhaka International Textile and Garments Machinery Exhibition, DTG 2014, which has opened at the Bangabandhu International Conference Centre (BICC) in the capital city of Dhaka. Mr. Alami