The Country’s home textile exports have seen a 6% decline in the first half of the current fiscal year due to political unrest and inadequate supply of gas in the dyeing factories. It also fell 9% short of the period’s target of $388.21m. The home textile export target was set at $831 for the whole fiscal. In July-December period of the FY2013-14, home textiles fetched $350.20m, which is 6.30% lower compared to $375m for the same period of previous fiscal, EPB data showed. “Home textile

An element of the proposed Trans-Pacific Partnership Agreement is helping Vietnam coax more foreign garment and textile makers. illustration photo Northeastern Quang Ninh province’s Department of Planning and Investment said the Trans-Pacific Partnership (TPP), currently under negotiation, was making the province a hot destination for garment and textile firms looking to establish factories as their products are exported to TPP member nations and would enjoy a 0 per cent tax rate on import

The Vietnam National Textile and Garment Group (Vinatex) has set a target to achieve 12 percent growth in exports this year, reports Vietnam Plus. Although economic difficulties are forecast for 2014, Vietnam’s apparel sector is expected to have bright prospects, said Le Tien Truong, deputy general director of Vinatex. Mr. Truong said in order to achieve the export target, Vinatex will adopt better investment, finance and human resource management policies, develop its markets, and also fo

A memorandum of understanding (MoU) was signed between Punjab government and prominent Chinese Shandong Ruyi Group for investment of two billion dollars in textile sector and setting up textile industry in garments of industrial zone. Vice Chairman Punjab Investment Board Syed Maratab Ali on behalf of Punjab government, while Chairman Shandong Ruyi Group YAFU QUI signed the agreement. Punjab Chief Minister Shahbaz Sharif, Provincial Ministers Mujtaba Shujaur Rehman, Muhammad Shafiq, Advisor

Sri Lanka's top forex earner apparels have arrived at the next level in global supply chains, and in the manufacturing front, have progressed beyond the original ODM status. "It's a first time in the world for us. We are pioneering G4 level in Sri Lanka. We are beyond the experimental level and it's a new supply chain model. We at PVH Corp are directly working with manufacturers instead of working through an office in Sri Lanka" revealed Mark Green, the Executive Vice President of Global Supply

Textile mills here have expressed concern over the increase in cotton prices during the last one week as it is the main raw material for the mills. Cotton prices have gone up by Rs. 800 to Rs. 1,000 a candy during the last one week. This is because the arrivals so far are less than what it was during the same period last year, says K.N. Viswanathan, vice-president of the Indian Cotton Federation. Cotton farmers across the country are having the stocks and are expected to increase the volume t

The handloom industry in Narsingdi district is passing through a critical stage. About 5,000 handlooms have become inoperative in the district, and the rest are struggling for survival. High prices of yarn, dyes, chemicals, and lack of running capital have imperiled the people connected with the industry, sources said. The weavers of the district are bearing the brunt of the situation. Handloom owner Abdul Malek of Char Hazipur village in Narsingdi sadar upazila told journalists the handloom fac

Tens of thousands of garment workers have returned to work in Cambodia since a strike for higher pay was put down with deadly force by the authorities last week but employers are now piling up lawsuits against trade unions over the two-week dispute. The garment makers' association said most workers had returned to work around the country by Friday although only about 60 percent had shown up at the Canadia Industrial Park in the capital, Phnom Penh, where military police opened fire on January

China will see the strongest salary growth among all Asian countries in 2014, even though the nation's economic growth rate has been slowing down, a report from global human resources firm Hays has said. According to the 2014 Hays Asia Salary Guide, which was released on Thursday and polled about 2,600 employers across the region, 67 percent of the surveyed Chinese employers said they will increase employees' salaries above 6 percent, compared with 66 percent last year. Only 29 percent of

Turkey exported apparel worth US$ 17 billion during 2013, and the country is expected to export garments worth US$ 18.4 billion during 2014, said Turkey Clothing Manufacturers Association (TGSD) president Cem Negrin, at the recent panel discussion held at TGSD in Istanbul. According to a statement issued by TGSD, Mr. Negrin said in 2012 the country exported apparel products worth US$ 16.1 billion, which increased by nearly 8 percent to US$ 17.3 billion in 2013. Spending on apparel in the