Exporters of the readymade garment products have demanded that the government should give one per cent cash incentive for export of all types of RMG items, leaders of the apparel exporters associations said. The finance ministry early this month decided to provide cash incentive at the rate of 0.25 per cent on the freight on board value of export of all types of RMG items. At a meeting with Bangladesh Garment Manufacturers and Exporters Association and Bangladesh Knitwear Manufacturers and

In separate incidents, a cotton factory and a godown were gutted by fire in the capital and Barisal on Tuesday. In the capital, a fire burned down valuables worth about Tk 3 lakh in a cotton factory in Hazaribagh in the afternoon. Fire Service sources said the fire originated from sparks erupted from a machine inside the factory near Zaman Petrol Pump at about 4pm. Four units of firefighters from different stations went to the spot and doused the flame at about 5pm, said Bhajan Kumar, d

The Government of Indonesia is laying emphasis on human resource development in the textile industry, as the industry is one of the mainstays of commodity manufacturing industries and an important component of national economic development, Ansari Bukhari, Secretary General of the Ministry of Industry, said while inaugurating a workshop at the Industrial Training Centre (BDI) in Jakarta, according to press release from the Ministry of Industry. The Indoneisan textile industry contninues to de

India’s textile sector recorded a rise of 66,000 jobs in the July-September 2013 quarter, says the Ministry of Labour’s latest quarterly survey, reports Financial Express. The textile sector increased its bench strength to benefit from the weak rupee and to bag more export orders. The increase in new jobs in the textile sector was 46.15 percent of the 143,000 total jobs created during the quarter, as per the report based on the survey of 2,303 units. Significantly, the total increase in

The exports of textiles and apparel from Pakistan increased by 8.36 percent year-on-year in the first half of the financial year 2013-14 that began on July 1, according to the data released by the Pakistan Bureau of Statistics (PBS). Pakistan exported textiles and garments worth US$ 6.944 billion in July-December 2013, compared to exports of $6.408 billion made during the corresponding period of 2012, PBS data showed. While most of the categories showed improvement, cotton yarn, cotton car

Lahore—National economy is losing billions of dollars every year due to stagnant production of cotton despite having enormous potential for increasing it. Dr Zafar Hayat, senior member, Farmers Associates of Pakistan (FAP) said this while talking to APP here on Sunday. He said that there is vast scope for increasing per acre yield of cotton in the country. “Experiences of progressive farming have proved that the cotton production in Pakistan can easily be doubled if the impediments in i

Efforts to drive the Sri Lankan apparel sector into a new growth phase may hinge on the success of the potential free trade agreement (FTA) in the offing with China, according to Joint Apparel Association Forum (JAAF) Secretary General Tuli Cooray. “China is a massive market. If we can capture even a small percentage of market share, it could easily lift up the entire apparel industry. An FTA which grants Sri Lankan apparel exporters access will open up a host of opportunities, particularly g

The knitwear manufacturers in Tirupur sought an assurance on adequate availability of skilled labourers and facilities to set up vertical integration of garment production chain if they could think of investing in the special industrial zone planned by the Karnataka Government at Chamarajanagar. These demands, among a few others, were aired by the garment entrepreneurs during the ‘Chamarajanagar Investment Invitation Meet’, jointly organised by Federation of Karnataka Chambers of Commerce and

Encouraged by turnaround in the textile exports, the government is setting up a $60 billion target for the next financial year, a jump of over 30% from the current financial year. "It is not a difficult proposition to increase textile exports to achieve that target by March 2015," Textile minister K S Rao said, while speaking on the sidelines of Tex-Trends India 2014. For the current fiscal year, government has set a target of $43 billion. Rao said that only addressing issues related to

The wide consumption of denim by fashion connoisseurs globally has created a new opportunity for Bangladesh, the second largest exporter of the item after China. With changes in fashion and style, denim is used to make clothes for all seasons for both men and women. Demand for denim wear is also on the rise worldwide. “Denim is used by all segments of people, as such fabric is comfortable and looks smart,” said Mahmuda Begum, head of the fashion design department of BGMEA University of Fas