The garment makers' platform will host Dhaka Apparel Summit next month, as part of its mission to hit the $50 billion mark in clothing exports by the 50th anniversary of the country's independence in 2021. In fiscal 2013-14, Bangladesh exported garment products worth $24.5 billion. “We will need to grab an additional 3 percent share of the global garment trade to reach the $50 billion mark in the next seven years,” said Atiqul Islam, president of Bangladesh Garment Manufacturers and Export

The price index of issue 20141124 of “China • Keqiao Textile Index” closed at 104.00 points, 0.15% lower than that of last period, 1.53% down from the beginning of this year, and decreased by 2.09% YOY. In this period, prices of textile raw material, home textile and apparel fabric increased slightly, while prices of grey cloth and apparel fabric decreased. A. Price of textile raw material had a slight increase. According to statistics, price index of raw material in this period closed at

Indonesia currently ranks ninth in global textiles exports and with the Indonesian textile industry growing steadily, sector players are looking for stronger trade pacts as well as more investment to maintain a competitive edge in the regional and international marketplace. The export target for 2014 is part of national plans to become the number one globally in textile exports by overtaking China, which is shifting its economy from textiles to services. Jakarta is aiming for total export

The textile industry in Russia has an ethical tradition and commands respect in the global market . Though the Russian textile industry faced challenges in the nineties, it is now emerging as a competitive industry. The Russian authorities have invited foreign clothing brands to localize their production in Russia, with new factories being offered long-term tax breaks until 2025, Deputy Industry and Trade Minister Viktor Yevtukhov said. Furthermore, the Industry and Trade Ministry guarantees

Pakistan has exported textile made goods worth of $4.6 billion during four months (July-October) of the financial year 2014-2015 as against $4.7 billion of the corresponding period of the previous year registering decline of 1.54 percent due to the ongoing power crisis faced by the textile sector despite receiving GSP plus status from the European Union. The government was anticipating enhancing country’s exports by $1 billion annually following getting GSP plus status. However, things have m

The Indian suiting fabric specialist Raymond has recently launched a new collection of finest Italian suiting materials suited for both occasionwear and formalwear purposes. Meant for consumers with a taste for luxe global fashion, the premium line entitled Regio ITALIA features quality fabrics in five different blends including Wool silk, Super 180s, Super 150s, Super 130s and Super 120s.Available both in the form of lengths as well as swatch samples, the collection, which would be updated per

Vietnam’s garment maker Garment 10 Corporation (Garco 10) has offered Tanzania the opportunity to export unspecified quantity of cotton to the firm, according to the president of the company Giang Duc Vu, Tanzania DailyNews reported. The Hanoi-based garment maker is currently one of Vietnam’s foremost apparel companies.Giang said Garco 10 imports cotton from the United States and India, but is also ready to import from Tanzania.Giang assured Tanzanian President Jakaya Kikwete, who was on a two-

Leading mills and spinners continued normal buying on the cotton market on Friday in the process of trading, dealers said. The official spot rate resisted further decline by Rs 50 to Rs 4,800, they added. In the ready session, around 23,000 bales of cotton changed hands between Rs 4400-5100, they said. In Sindh, rates were unchanged at Rs 1600 and Rs 2400, in Punjab prices firmly held the overnight levels at Rs 2200 and Rs 2600, they said. According to the some analysts, 23 percent increase in

Bangladesh's annual cotton consumption will accelerate 50 percent to six million bales in four years as garment exports are on the rise, the International Cotton Association (ICA) said yesterday. Bangladeshi spinners now consume more than four million bales of imported cotton a year, with the growth in consumption rate being between 10 percent and 15 percent per annum. Jordan Lea, president of the ICA, the Liverpool-based policymaking body for cotton trade, said Bangladesh's garment indus

Heimtextil, which runs from January 14-17, 2015 will see a series of lectures on online retail and marketing and is aimed at retailers and interior furnishings specialists. Within the framework of the 'Webchance Academy', Heimtextil will provide information on successfully advertising and selling on the internet.Ecommerce experts will deliver lectures on current developments in online marketing, present practical examples and provide helpful suggestions for implementing the ideas.In Germany, on