The Reserve Bank of India’s (RBI) steps to quell rupee volatility and check speculation in forex markets have not cheered the knitwear manufacturers rather some of the measures sparked concerns. Main worry for the textile entrepreneurs, who are looking for cheaper loans, is the raising of the interest rate under Marginal Standing Facility (MSF) by two percentage points, one of the monetary measures announced by RBI on Monday to suck out excess liquidity from the system and thereby, stabilise

The International Cotton Association (ICA) has listed 93 companies from Bangladesh for failing to make payments to suppliers. The country ended up on top of the default list. In the previous update in April, the number of Bangladeshi defaulters was 91. The ICA updated the list of default companies on July 12.Among the South Asian textiles and garment producing nations, India is in the second position with 89 companies while Pakistan has 50 companies on the list. The Liverpool-based ICA pre

Being one of the five biggest garment suppliers in the world, but Vietnam’s garment export turnover only accounts for 4-5 percent of the global market share. In the US, the biggest export market, Vietnamese products hold 8 percent of the market share. Since 2011, textile and garment has become one of the biggest business fields with 4,000 businesses set up, which brings the turnover of $20 billion, make up 15 percent of GDP, and leading export items in the export turnover. About

The in the next three to four years as competition becomes more intense, experts said. China, Thailand and Vietnam will mainly produce high-end clothing, while Bangladesh, Laos, Burma and Cambodia will mainly produce low-end clothing. At present, the majority of garments within the global marketplace are produced in Asia. Between 2005 and 2011, Vietnam's garment export increased by 32 percent and China's increased by 15 percent. Percentage number increases for India, Turkey, Malaysia and Th

Textile Raw Material Price 2013-07-17 Item Price Unit Fluctuation Date Oil WTI 106.32 USD/Barrel 0.37 2013-07-17 PX 1456 USD/Ton 8 2013-07-17 PTA Buy 7750 RMB/Ton -50 2013-07-17 PTA Sell 1065 USD/Ton -5 2013-07-17 MEG Buy 7370 RMB/Ton -30 2013-07-17 MEG Sell 1013 USD/Ton 5 2013-07-17 CPL Buy 18000 RMB/Ton -100 2013-07-17 CPL Sell 2320 U

Prada Spring/Summer 2012 | Source: Prada Stella International Holdings Ltd., the Asian shoemaker that manufactures for companies such as Prada SpA, plans to expand its own brands in Paris, turning into a lower priced competitor to luxury clients there. The contract manufacturer plans to add two shops in Paris by end of this year and expand into other locations in Europe, Stephen Chi, chief executive officer of the company’s women’s footwear and retail business division, said in a July 10 p

Marks & Spencer's chief executive Marc Bolland said it will take until April 2014 for the work of the new clothing team to show up properly in company results despite previously citing next autumn as the key time. Bolland’s comments reflect the company's less than expected profits and were made to The Mail on Sunday on the fringe of last week’s annual meeting of M&S shareholders. M&S sales figures are likely to conflict with expectations among investors who will scrutinise the half

Stylist-turned-designer L’Wren Scott, known for her red carpet glamour favoured by celebrities including Nicole Kidman and Sarah Jessica Parker, is launching a capsule collection with Banana Republic. The 50-plus piece collection, which will be released just in time for the Christmas party season, marks the designer’s first collaboration with a global fashion retailer, and will combine the designer's signature glamour with the US brand's relaxed, feminine aesthetic. Launching worldwide at selec

The Return of Kerr – After the success of last season, Spanish brand Mango once again enlisted bombshell Miranda Kerr for its fall 2013 campaign. Photography duo Inez van Lamsweerde and Vinoodh Matadin snapped the Aussie beauty again in the label’s rock and roll inspired designs styled by Géraldine Saglio. Miranda spoke about shooting the new campaign in New York saying, “I loved that Inez and Vinoodh kept the look of the campaign very raw and natural and I think it compliments the collection ve

Andritz group is to deliver a new high-speed spunlace line to Chuzhou Jinchun Nonwoven Fabric, located in Anhui Province, China, which will produce lightweight fabrics for the hygiene industry from 30 to 80 gsm with a capacity of up to 17,000 tonnes per year. The start-up for the line is scheduled for the first quarter of 2014 and the order includes a Jetlace 3000 hydroentanglement unit, dewatering system, and a Perfodry Avantage dryer – all in-house technologies of Andritz Nonwoven. Chuzh