Hong Kong and China will operate garment enterprises under Cutting, Making and Packing –CMP system at industrial zones in Yangon, the commercial hub of Myanmar, according to the Directorate of Investment and Companies Administration-DICA. China-based Shanghai Donglong Feather Manufacture Company has cooperated with Dong Long (Myanmar) Garment company to carry out garment enterprises at Hlaingthayar Industrial Zone-4, Jiangsu Solamoda Garments Group at Shwe Than Lwin Industrial Zone in Hlaingth

The interest rates on loan for small scale sectors like handicraft and handloom should be reduced to enable them grow faster, Textiles Minister Kavuru Sambasiva Rao said here today. "The interest rate on small sectors of Textiles specially handicraft, handloom and cotton related agriculture should be reduced", he said after laying the foundation stone of Handicraft Productivity Centre to be built near Jaipur. Textile industry should be taken as priority sector as it was related to farmers gr

To deal with farmer distress and mill owner woes when a cotton crop fails, the textile ministry proposes to create a dedicated cotton price stabilisation fund. Textile minister K S Rao said, “The proposal will go before cabinet next month.” A part of the earnings from cotton exports will be used to create the fund corpus, which will be leveraged to pay the difference in prices in adverse times. The details were still being worked out, he told Financial Chronicle. India produces 34-35 million

China's cotton textile industry is facing difficult challenges, as sales have been poor amid the weak recovery of the international market, as well as domestic factors. The Fujian Hongyuan Group, located in southeast China's Fujian Province, is the largest cotton textile enterprise in the province, with an annual output value of 1 billion yuan (163 million US dollars). "Cotton textile sales have not been desirable so far this year, especially those of foreign trade enterprises," said Chen Ca

The 29th World Fashion Convention will be held in Shanghai this year. It is the first time the IAF Convention takes place in China and if ever there was a good time to take a closer look at the hugely important and extremely dynamic roll of China in the global fashion chain it is now, in 2013. As a production country, China has risen to be the main apparel production country by far with a percentage of world exports of close to 40%. This percentage is slowly decreasing. This is well known, but

Despite challenges of energy shortage, the textile sector of the country performed well during the fiscal year 2012-13 as its exports increased by 5.90 percent when compared to the exports of the corresponding period of last year. The textile exports during July-June (2012-13) were recorded at $13.064 billion against the exports of $12.336 billion in July-June (2011-12), according to the latest data of Pakistan Bureau of Statistics (PBS). The textile products that contributed in positive growt

The global apparel market will cross the US$ 2 trillion mark from the current value of US$ 1.1 trillion, which suggests an addition of nearly US$ 1 trillion in the market presenting huge business opportunities for sector players, according to ‘Road to 2025: Textile and apparel sector report’, released by Wazir management consultants. A major share of this market creation is expected to happen in China, India, Brazil and Russia where the growth of per capita spent on apparel (PCA) will be high

The Brazilian textile manufacturing industry may come under threat as neighbouring Peru eyes up opportunities for expansion in Latin America’s biggest textile market. Peru currently exports $102 million in textiles and apparel to Brazil annually (in 2012), and these exports have been increasing annually by 15% on average since 2010, according to the Brazilian Textile and Apparel Industry Association (ABIT). With a high tax burden being imposed on Brazil’s textile manufacturers, importing h

Turkmen President Gurbanguly Berdimuhamedov said that currently good crude cotton crop ripens on Turkmenistan fields. "It is necessary to conduct qualitative and timely agrotechnical activities, prepare the whole agricultural machinery to the harvest season in order to reap the crop," he said, local media reported. Noting that the main task is the organized launch and conduction of crucial agricultural campaign- cotton gathering, the President demanded from the province administration to car

In the first fortnight of July, cotton prices remained moving up in the Brazilian market, in spite of price drops in the international scenario. The demand from the industry that usually purchases only for immediate consumption and the lower quality of the cotton available continued to push up cotton quotes in the period. Processing companies that have stocks and contracts to receive were less interested in purchases in early July. Players from these unities say that they may close new purch