As a result of a recent trade mission of Uruguayan entrepreneurs to Israel, initiated by the Uruguayan Government and the Chamber of Information Technology (CUTI), entrepreneurs from the country have shown keen interest for investing in the Uruguayan textile sector, said Minister of Industry, Energy and Mining, Roberto Kreimerman. According to a statement issued by the Uruguayan Ministry of Industry, Energy and Mining, Mr. Kreimerman said the tour was initiated to generate concrete investment

Textile exporters termed proposed gas suspension plan a death knell for export-based textile industry and productivity and urged government to provide regular gas supply for textile sector in winter. These view were expressed in a joint press statement on Monday by Rana Arif Touseef, Convenor Joint Action Committee for Energy, Engr. Sohail Bin Rashid, President Faisalabad Chamber of Commerce and Industry, Syed Zia Alamdar, former vice chairman Pakistan Hosiery Manufacturers Association, Ammar

The HinduA file picture of group of women undergoing training programme in garment making in Erode, Tamil Nadu. Photo: M. Govarthan The financial situation of garment manufacturers is expected to improve during 2013-14, mainly driven by growing demand from importing markets, depreciating rupee and structural changes in competing markets like China and Bangladesh, India Ratings & Research said in a report. “Improving textile and apparel demand from large markets, benefits accruing from

Ethiopia exported US$ 29 million worth of textiles during the first quarter of the fiscal year 2013-14 that began on July 8, 2013, Addis Fortune reported. The first quarter export earning was over 50 percent higher than the US$ 19 million made in the corresponding period of last year, but the exports are still likely to fall short of Government target of US$ 500 million for the entire fiscal year, if the trend continues. In 2012-13, Ethiopian textile sector exports fetched US$ 99 million, muc

Average wages in China will rise by 8.85 percent in 2014, accelerating from this year but hit by possible higher inflation next year, research by Hay Group showed. According to the research report, the average salary increase in the world's second-largest economy would be 8.4 percent in 2013. "We would see an additional growth in wages next year, but the real rate will be lower than this year in case of an increasing CPI (Consumer Price Index, a measure of inflation)," said Wayne Chen, v

Seamstresses in Lima's garment district are usually busy at this time of year, with Christmas requests from vendors across the Americas. Cheap Chinese imports however are ruining their market. Until recently the district -- a 20-block area, packed with 25,000 clothing manufacturers and vendors, known as the Gamarra business emporium -- was doing thriving business. But ever since a free-trade agreement between Peru and China came into effect in 2010, and similar agreements have been signed

Salaries across Asia-Pacific are set to rise an average 7 per cent in 2014, with China and Vietnam leading the way in East Asia in terms of increases, according to a survey conducted by professional services company Towers Watson. In Thailand, salaries are expected to increase 6 per cent in 2014, while the country's inflation rate is projected to rise 3.1 per cent. Salaries in China are forecast to rise 8.5 per cent and in Vietnam 11.5 per cent in 2014, before inflation is taken into accou

Cotton was traded at Rs.4,200-4,500 a quintal while the MSP was Rs.4,000 a quintal. The Cotton Corporation of India (CCI) is prepared to buy cotton from the market at minimum support price (MSP) if there is a need to do so. An official of the CCI told The Hindu that though it was ready, the Corporation did not expect any requirement of its intervention in the cotton market for MSP operations, except in Andhra Pradesh. Even in Andhra Pradesh, cotton was traded at Rs.4,200-4,500 a qui

India’s garment exports to EU increased 5.9% year-on-year in January-May 2013, whereas those of China and Bangladesh declined Now India’s Apparel exports are rising by snatching orders that would otherwise have gone to the China and Bangladesh. Exports are already up driven by demand coming in from major textile importing countries like US and Euro Zone. For overseas buyers, India has now become a favoured destination over China and Bangladesh. China is currently facing high labour costs w

Export earnings rose 15 percent to $9.62 billion during the July-October period of the current fiscal year compared to the same period last year due to increased shipment of garment products, an official of Export Promotion Bureau said yesterday. Knitwear exports increased 18 percent, while woven garments 17 percent during the period despite some industrial disasters in recent times such as Tazreen Fashions fire and Rana Plaza building collapse, EPB Vice-chairman Shubhashish Bose said. Gar