Partnership between India and the members of the Association of Southeast Asian Nations (ASEAN) is crucial for improving the standard of textile manufacturing and generating employment opportunities in both the regions, Indian textiles minister Smriti Irani said recently addressing the ‘India-ASEAN: Weaving Textile Relations’ show in New Delhi. Enterprises from ASEAN nations could take advantage of India as a one-stop sourcing destination for a diverse range of products by setting up manufac

This year, 587 stalls and pavilions have been set up at the fair. Forty-two of them belong to companies from 17 countries Vendors, selling leather goods at the Dhaka International Trade Fair (DITF), said their sales have finally picked up after a slow two weeks at the fair. “At first the sales were slow but young customers have been window shopping for a while before they committed to buying our products.” one exhibitor told the Dhaka Tribune. Some stalls attributed the cold wave to

Currently, Bangladeshi manufacturers mostly produce basic fabrics, which is not for higher-end products Increased dependence on fabrics import and a lack of proper policy on energy supply are negatively impacting the competitiveness of Bangladesh’s woven garment exports in the global market. Industry insiders and trade analysts have blamed longer lead time, poor backward linkage, the absence of value addition and modern technology and lack of proper policy support on gas and electricit

Amazon will sell $28 billion worth of clothing in 2018, almost equal to what countries like Bangladesh and Vietnam export annually, and its apparel sales could reach $85 billion by 2020, according to a survey of 1500 US shoppers by CPC Strategy, a retail-focused digital marketing agency. The survey revealed key insights about apparel brands. The survey, ‘2018 US Forecast on Apparel Shopping Trends: How Shoppers will Browse and Buy Clothing’, wasn’t designed to revolve around Amazon, but the

The textile and apparel sector of India is at an inflection point where the businesses are expecting good revenues in the coming months, says a recent survey. There is an overall positive sentiment as the economy has started to recover from twin shocks of demonetisation and goods and services tax (GST). The industry is optimistic about the future. The economy and industry are getting accustomed to recent policy changes, says Business Confidence Index by Wazir Advisors authored by Varun Vaid a

US firm Monsanto’s Indian joint venture Mahyco Monsanto Biotech (MMBL) has termed the threat by industry body National Seed Association of India (NSAI) to stop the sale of its transgenic Bt cotton seeds as ‘irresponsible’ and has asserted in a letter to Agriculture Minister Radha Mohan Singh that its Bt seeds continue to be effective in controlling pest. Blaming MMBL for loss of Bt cotton crop this Kharif season in Maharashtra due to pink bollworm infestation, NSAI recently asked the company

During trading session at leading stations of lint market in Punjab and Sindh, buying remained firm with demand for better grades of cotton which fetched a premium price. Buyers purchased better grades of cotton above Rs 7,675 per maund and deals for second grade of lint changed hands above Rs 7,475 per maund. Mills bought better grades of cotton at around Rs 7,525 per maund while spinners purchased better stocks at around Rs 7,525 per maund. The ginning units produced better grades of lint o

The Bangladesh government imposed the ban on raw material exports on January 18 without any consultation with the Bangladesh Jute Association which they said that it should be withdrawn soon for the sake of the jute industry. The Association yesterday strongly protested the ban on raw jute exports, stating that the move would restrict overseas sales of the natural fibre and discourage growers. Moreover, the relationship between buyers and local exporters will also face a blow, as the ban w

Teijin Frontier Co., Ltd., the Teijin Group's fibres and products converting company, announced today that it will promote its ongoing expansion in the global sports market by participating in ISPO Munich, the world’s biggest sportswear exhibition, which will take place at Messe München from January 28 to 31. The company’s booth (Hall: C4, Booth: No.103) will showcase highly-functional materials that the company says offer excellent combinations of comfort and performance for sportswear. The

Multilateral agency says economic momentum to moderate gradually China's year-on-year GDP growth is projected to reach 6.6 percent this year, 0.1 percentage point higher than its previous forecast, the International Monetary Fund said in its latest report released on Monday. Analysts said export growth will continue to be a main contributor to China's growth as investment growth is expected to weaken this year. "Growth is expected to moderate gradually in China (although with a slight u