Increased local demand will stimulate production and help the country’s jute processors to catch up with major jute industries. The long-awaited implementation of the Mandatory Jute Packaging Act 2010 begins this month. According to the Bangladesh Jute Research Institute, an additional 1.5m bales of jute will need to be manufactured to meet requirements. This will result in more essential products, such as paddy, fertiliser and sugar, being packaged with jute sacks and reduce the use of le

Garment workers who are paid for the number of pieces they produce per day will not be eligible for overtime pay as they are employed on a contract basis, according to a notice of the labour and employment ministry issued on Thursday. The workers paid on a piecework basis did not get any overtime pay earlier also, under section 108 of the labour law of 2006, Labour and Employment Secretary Mikail Shipar said yesterday. The same section has also been incorporated in the amended labour law o

The Vietnam Trade Office in the US will seek to persuade leading US retailer Walmart to source goods, including apparel, from Vietnam in 2014, Vietnam Industry & Trade Information Center said on its website Asem Connect. Vietnam is hopeful of successfully persuading Walmart to source its goods from the Southeast Asian nation, following its success last year in persuading Kroger, the second-largest supermarket chain by revenue in the US. In 2013, due to efforts of the Vietnam Trade Offi

Illustrative image (Photo: VNA) Vietnam’s export turnover from fibre, textiles and garments surpassed 20 billion USD in 2013, up 18 percent from 2012 and surpassing target by over one billion USD, according to Dau Tu (Investment) newspaper. Such an outcome put the commodities at the top of Vietnam’s key exports. The sector also maintained considerable growth in major markets such as the US, EU, Japan, the Republic of Korea and ASEAN. Last year, Vietnam’s exports of these goods t

Cotton plantings for 2014/15 will start in a few months in the northern hemisphere, which accounts for about 90% of world production. World area is expected to decline due mostly to the expected decline in China. In 2013/14, the Secretariat estimates that China’s cotton area is 4.6 million hectares, a decrease of 8% from 2012/13 and a further decline to 3.9 million hectares is expected for 2014/15. However, this may change as planting does not start until March, and on December 26, Xinhua News r

During 2013, the textile sector was hit mostly by the energy crisis. Around 50% of the industrial units have either shut down or suspended work. PHOTO: RASHID AJMERI/EXPRESS Textile exporters have pinned their hopes of industrial and economic revival on 2014, expecting Pakistan to achieve $14.5 billion of exports by the end of the fiscal year (FY) after being granted duty free access to the European Union (EU). Terming 2013 a year of survival, Pakistan Textile Exporters Association (PTEA)

With revival of export and domestic demand across the textile value chain, production of textile products have increased during the last year. Chairman of Southern India Mills’ Association T. Rajkumar said that yarn export from the country from January to October in 2012 was 760 million kg and it was 1138 million kg this year. Domestic consumption of yarn has also increased by 15 per cent. Even the stock available with the mills has increased. Thus, production has increased, supply has gone u

A huge quantity of cotton stocked at a private ginning mill at Narasimharaopeta in Thallada mandal was gutted in a major fire that broke out in the mill on Tuesday evening. There were no reports of any loss of life. According to sources, flames emanated from one of the godowns of the ginning mill allegedly due to electrical short circuit. A huge stock of cotton estimated to be of 15 lorry loads in volume was reduced to ashes even before a fire tender reached the spot from Kothagudem. So

The elected government of Prime Minister Nawaz Sharif has made trade not aid. The Prime Minister has delivered what he had promised to the people of Pakistan to improve their economic prospects by achieving market access abroad for Pakistani industry and agriculture. This was stated by Minister of State for Commerce and Textile Industry Engr Khurram Dastgir Khan while briefing the media in Textile Industry Division on various aspects of GSP plus trade preferences achieved recently by Pakistan

India earned nearly US$ 15 billion through exports of textiles and apparel in the first six months of the current financial year 2013-14, according to the latest data released by the Reserve Bank of India (RBI). According to the data, India exported US$ 14.935 billion worth of textiles and garments during the first half of the current fiscal year, with the readymade garments accounting for US$ 7.074 billion of the same. Cotton yarn, fabrics, made-ups, etc. contributed US$ 4.236 billion to