Production of unfinished fabrics in the country's biggest man-made fabric (MMF) industry here is set to be affected by the ongoing labour unrest over wage hike in the city. The strike for wage hike by more than 10,000 powerloom workers in Bhestan industrial estate has entered its fourth day on Saturday. There is a daily production loss of around 70 lakh metre of fabrics at over 1,000 powerloom units in Bhestan. Industry sources said striking workers have started contacting employees in Kat

The country’s fashion industry should get the government policy support as a priority sector to contribute to the economy in an organised manner, said the fashion house owners at the launching of the Fashion Entrepreneurs Association of Bangladesh in Dhaka on Saturday. They said the FEBA would be the core representative body of the fashion industry people to bargain various industry-related issues with the government. At present there are 4,500 fashion houses in the country with a yearly t

The current surge in import of cotton yarn from India has caused a face-off between the spinning and the value-added sectors of the textile industry, over whether these imports should be discouraged and subjected to customs duty or not. The spinners favour the duty as they find their yarn losing market to cheaper imports from India, and want an immediate halt to the ‘dumping’ of the commodity from the neighbouring country. Out of imports of 1.7 million bales so far in this fiscal year, a

Leading economists have forecast a healthy 10% increase in Vietnam’s garment and textile exports for 2014 to 23 billion USD. However, according to radio The Voice of Vietnam (VOV), the National Garment and Textile Group (Vinatex) cautions that a number of thorny problems, particularly those dealing with the procurement of raw materials, must be overcome if such an optimistic outlook is to be achieved. The sector is overly dependent on the importation of raw materials to meet its production

North Korea is demanding talks toward a 10% hike in wages for its workers at the Kaesong Industrial Complex. The 10% total includes two regular annual 5% rises, one for 2014 and one for last year, when wages were not raised because of a long-term shutdown at the complex. South Korea’s Ministry of Unification is now indicating that it will not agree to the hike as a matter of principle. Ministry spokesman Kim Ui-do reported on Mar. 14 that North Korea’s Central General Bureau for the Cent

India is ready to remove restrictions on Pakistani textiles products, a move which will increase Pakistani exports to New Delhi three folds, said Prime Minister Nawaz Sharif’s Assistant Maftah Ismael on Saturday. He said that India will ease ban on 160 Pakistani products and it had agreed to grant access to Pakistani items to local market. Maftah said that Pakistan had demanded of India no to impose duty on 160 items. Source: The News, PK.

The former Angolan model Karina Barbosa Monday in Luanda said that the lack of textile industry is the main reason for high prices of products practiced by fashion creators and agents. She also said that the lack of this industry makes the agents and fashion creators to spend more money on the process of importing raw material so the rates in the country are very high. "The lack of textile industry should have reason for reduce the custom rates on fashion products due to the fact of not be

Turkey’s apparel exports during the month of February touched US$ 1.48 billion, indicating a rise of 7.2 percent, compared to the same month last year, as per the data released by the Turkish Exporters’ Assembly. According to the February 2014 Export Data of TIM, Turkey exported apparel worth $1.48 billion during the month of February, compared to the $1.38 billion apparel exported during the same month last year. Apparel exports from Turkey during the month of February accounted for 12.3

The cotton textile industry in Zambia, a landlocked country in Southern Africa, has the huge potential to contribute a much bigger share to the country’s economy, says a Times of Zambia article. In Zambia, four provinces—Eastern, Central, Southern and Lusaka—account for majority of the cotton grown in the country. These provinces harvest an average of 500 kg of cotton per hectare. Last year, the country harvested 100,000 tons of cotton, but the production is expected to increase to 168,000

Pakistani textiles posted earnings growth of 26 percent in the six-month period ended December 31, 2013, an analyst said on Thursday. “This was due to improved demand and stable yarn margins. Further boost to the profits was provided by depreciating rupee and declining finance cost,” Tahir Saeed at Topline Securities said. The profits of the listed textile firms increased by 26 percent to reach Rs17.5 billion, while gross profits posted a growth of 14 percent to Rs39 billion in the first h