Road Show held at Ahmedabad, India (c) 2012 India ITME With few weeks to this mega show, there is a palpitable excitement in the air. The organizers, exhibitors, visitors, vendors, all are gearing up towards this once-in-four-year trend setting textile technology exhibition. With 800+ exhibitors, 8 new country participation, many delegations from new textile markets, eminent technocrats and textile experts speaking at the Seminar, this event will be the largest so far India has ever hosted wi

Various exporters’ associations have recommended the high-level committee to allow cash incentive facility for trading firms too. “Not only exporters, but trading firms also have equally contributed to the country’s exports,” said president of Garment Association-Nepal Uday Raj Pandey. Exporters have recommended the high-level committee, formed under the coordination of vice chairman of National Planning Commission Deependra Bahadur Kshetry to allow certain cash incentives for trading firms. “W

Bangladesh is going to import 0.2 million tonnes of raw cotton per year from Uzbekistan under a proposed bilateral agreement, scheduled to be signed in December. Tashkent has sent a draft memorandum of understanding (MoU), and proposed to supply the cotton to Dhaka, said an official of the Ministry of Commerce (MoC). An inter-ministerial meeting to finalise the MoU will be held Thursday at the ministry, where stakeholders from textile, apparel, garments and other related sectors will parti

The production floor at the UMH-3 factory in Hpa-an, Kayin State Tuesday, November 6, 2012. (Myat May Zin / The Myanmar Times) The opening of a new garment factory in a recently established industrial zone in Kayin State could relieve pressure on Yangon’s industrial zones, while providing jobs to local people who might otherwise emigrate, industry experts say. Factory UMH-3 – named after U Myint Htay, owner of UMH Garment Industries – opened in Hpa-an township on November 6. “Many facto

Center for Advanced Studies on Applied Economics (CEPEA) reported that due to the holiday of the All Soul’s Day in Brazil on November 2, and the low liquidity in previous weeks, most players continued refrained from closing new trades in the Brazilian cotton market in late October. Despite low liquidity, supply was capped in the period because producers prefer to trade only in the off-season period. Producers continued firm regarding asking prices and were focused on the accomplishment of contra

As part of its economic diversification plan, Qatar is likely to invest about US$ 25 billion in the country’s petrochemical sector by 2020, according to a recent report released by Qatar National Bank (QNB). In its report titled "Qatar Economic Insight 2012", QNB said investments of about US$ 17 billion are likely to be made in the first phase until 2017, while another US$ 8 billion investment is expected in the second phase to be completed by 2020. At present, Qatar’s petrochemical sector

GSI Commerce, a leading provider of ecommerce and interactive marketing solutions, announced it has signed a multiyear extension with Belk Inc., the nation’s largest privately owned mainline department store company. Under the agreement, which runs through 2015, GSI will now provide multiple site support to scale with Belk’s continual growth. GSI and Belk have partnered together since the launch of belk.com in 2008. "GSI and their expertise in direct to consumer management has proven very suc

Under the motto “Are you a FANatic? Make it FANtastic!”, everything at the Golden Shirt Award 2014 is set to revolve around “fans” – football fans who might make their way to Brazil in 2014 for the Football World Cup; music enthusiasts who need the right outfit for a concert, or art lovers who want to wear their idol’s motifs upon their breast. “Fans” in and of themselves are a great economic factor, as people are happy to spend money on their passion. This fact forms the focus of the upcomi

J. C. Penney Company Inc. announced financial results for its fiscal third quarter ended October 27, 2012. For the quarter, jcpenney reported a net loss of $123 million or $0.56 per share. Excluding the net gain on the sales of non-core assets, restructuring and management transition charges, and non-cash primary pension plan expense, adjusted net loss for the quarter was $203 million or $0.93 per share. Ron Johnson, chief executive officer of jcpenney said, "While the quarter overall was cha

Foundry Group has become the lead investor in a $6.5m Series B investment in Betabrand Corporation. Located in San Francisco, CA, Betabrand is an online clothing company that creates unique clothing that appeals to an individual’s sense of personal style, exclusivity, and creation. By creating limited edition "inventions" Betabrand takes the ability to manufacture small batches of clothes while allowing their users to participate in the creation process. We have been thinking more often a