Chairman Senate Standing Committee on Textile Senator Mohsin Aziz has expressed concern over declining textile export of the country and asked the government to take pragmatic measures to cope with the situation. “The Government should be worrisome about the declining of textile exports of the country,” Aziz asked, in a press statement issued here on Sunday. He said: “How to control and how to bring export to normal and to increase it, should not be concerned of the government, as planned

Denim exporters expect that their export volume would reach $7 billion by 2021, should they can address the challenges including crisis of gas connection and innovative technical knowhow. They see huge opportunity of gaining more space in the international markets within next five years as the sector has got remarkable response from the global buyers on the eve of a denim fair to be held in Dhaka in November 11-12. ‘The compliance standard in our denim subsector in Bangladesh is superior

Textile millers yesterday urged Indian businesses to invest in Bangladesh's weaving sector as the local weavers cannot meet the demand for fabric due to inadequate production capacity. Spinners are able to supply 90 percent of the yarn needed for the knitting sector, while weavers can meet only 40 percent of the demand for fabric in the garment sector. Indian entrepreneurs can invest in the weaving sector as there is an opportunity for growth, said Fazlul Hoque, vice-president of Banglades

As per USDA's October crop production report, the 2015 US cotton crop is projected at 13.3 million bales, marginally below last month's forecast but 3 million bales or 18 per cent below the 2014 crop. “With harvested area unchanged in October and the national yield reduced only slightly, the US production estimate decreased 90,000 bales this month,” it said. US upland cotton crop is forecast at 12.9 million bales, below both last season and the five-year average. According to USDA, duri

Eclat Textile, major Taiwanese technology-based textile company, professional functional and flexible knitwear fabric producer and apparel manufacturer plans to increase its production capacity in Vietnam, to gain benefits from the Trans-Pacific Partnership free trade pact. The company will invest $50.5 million to upgrade two factories of which $40 million will go to a factory in Ba Ria-Vung Tau Province and $10.5 million to a plant in Dong Nai province. Construction will start in early 2016.

Pakistan’s exports of value-added textile products grew three per cent to $1.14 billion in the first quarter (July to September) of this fiscal year from $1.11bn a year ago, the Pakistan Bureau of Statistics said on Thursday. In the subsectors, exports of readymade garments were almost steady at $630.16 million compared to $629.67m, while those of knitwear rose by 6.7pc to $510.02m from $478.17m. The growth came mainly on the back of a Rs6bn subsidy the government extended to the sector la

Vietnamese enterprises expected to step up shipments to the U.S. and Japan with the tariff incentives offered by the TPP. Vietnam’s apparel is currently subject to 17-30% U.S. tariffs but the rates will be gradually brought down to 0% in the TPP. Textile-garment exports to the U.S. in the first nine month from January – Septment reached US$8.33 billion, up 13.6% year-on-year. The growth was higher than the sector’s average increase of 10%. The U.S. market was followed by Japan and South Korea

The 9th summit China-Latin America and Caribbean (LAC-CHINA) held at the Palace of Communication and Culture of Guadalajara, Mexico (13-15 October 2015), that recently concluded attracted with over 2,000 participants including nearly 1,500 entrepreneurs and Chinese investors from the textile industry, as per Haitian media reports. While the Directorate of Free Zones of the Ministry of Trade and Industry (DZF) has increased its contacts with Chinese operators in the sector, the National Socie

The global market for spandex has been witnessing a noticeable increase due to rising demand from the textile and apparel industry. Spandex fibers are used in a wide range of apparels such as competitive swimwear, cycling jerseys, leggings, and gloves. Spandex is generally mixed with synthetic and natural fiber such as polyester or cotton for clothing applications and contributes for a minimal percentage of the final fabric. In developed regions such as North America, spandex is mostly used i

Steady conditions prevailed on the cotton market on Wednesday where activity remained fairly brisk ahead of long closure on account of Ashura. Floor brokers said that many mills were active in replenishing their stocks to meet their near future demand. Major cities have already started witnessing a slowdown in commercial activity ahead of Ashura, they added. After the announcement of a relief package by the government, the textile industry by and large has started its normal operations and