The exports fell to $2.24bn in January from $2.28bn one month earlier Bangladesh’s readymade garment exports have declined by 1.66% or $38m in January from December as, apparel makers said, production was disrupted by political unrest. The exports fell to $2.24bn in January from $2.28bn one month earlier, Export Promotion Bureau (EPB) data. “Political unrest has dented the RMG factory production, which reflects in the fall of exports,” said Abdus Salam Murshedy, president of Exp

A fire broke out at a textile mill at Brahmandi in Narsingdi district town on Sunday night, burning down a huge quantity of cotton in its warehouse, UNB reported. Fire service sources said the fire originated from an electric short circuit at the cotton warehouse of ‘Joba Textile Mills’ at about 9:00pm and it soon engulfed huge cotton stacked there. On information, five firefighting units from Madhabdi, Ghorashal, Manohardi, Raipura and district town rushed to the spot and doused the blaze

Although the output of Da Nang’s textiles and garments companies accounts for only 7 percent of Viet n am’s total, the central city has greatest potential for the future development of this sector, according to a local newspaper. The Trans-Pacific Partnership between the 12 member nations is expected to be signed soon and Viet n am’s textiles and garments industry is likely to enjoy the agreement’s greatest benefits by increasing its competitiveness. Local businesses have made every effor

Around 10,000 workers from the biggest public textile company of Egypt, Misr Spinning and Weaving Company, situated at El-Mahalla El-Kubra industrial city in the middle of Nile Delta, are on a strike since February 10, 2014, over the non-payments of their yearly bonus, Arham Online reported. The workers are demanding that the state-owned textile firm immediately pay the last installment of their yearly bonus, which was scheduled to be disbursed by December 2013, as well as implement the 1,200

The Government of Indonesia is encouraging the use of locally-grown natural fibres like banana, pineapple, etc. by the domestic textile industry to decrease the country’s dependence on polyester and rayon imports, Euis Saedah, director general of Small and Medium Enterprises in the Ministry of Industry, has said. Talking to reporters in Jakarta, Ms. Saedah said the quantity of raw materials imported by the Indonesian textile and apparel industry is quite large. Last year, Indonesia importe

PTEA office bearers urged the government to drop the proposal for increase in sales tax. PHOTO:FILE The Pakistan Textile Exporters Association (PTEA) has strongly opposed the proposed increase in sales tax and changes in tax regime, saying that this will create a negative impact on textile exports. PTEA Chairman Sheikh Ilyas Mahmood said that this move would adversely affect exports at a time when huge amount of sales tax refunds are already stuck up with the Federal Board of Revenue (FBR)

Sri Lanka's booming footwear and leather sector has recorded the highest export growth in recent history. "Our footwear and leather exports have shown a strong growth trend. In 2012, exports from this sector stood at $ 30 million but in 2013 it registered $ 51 million, an increase of 63%," said Industry and Commerce Minister Rishard Bathiudeen at the inauguration of the sixth edition of Footwear and Leather Fair at the BMICH recently. Economic Development Minister Basil Rajapaksa, Indust

The state government has sanctioned Rs 10,000 per loom for upgrading plain powerlooms in Malegaon. Textile minister Arif Naseem Khan said on Wednesday, "The cabinet has sanctioned Rs 5 crore to provide financial assistance to 5,000 powerlooms in the first phase. The scheme will run simultaneously with the In-Setu scheme announced by the central government for Malegaon and Nagpur." In October 2013, the central government had approved Rs 150 crore to be spent in six textile clusters, includi

It has been a stellar six months for India's textiles companies. A weak rupee, consistent demand from China and a buoyancy in demand in the US and European markets, have helped as textiles companies across the value chain have done well. But it is companies who are into production of raw materials, especially yarn besides production and export of garments which have recorded a higher growth in revenues. Rally could well run for a year So will the rally in textile stocks on the back o

courtesy: haberler.com Turkey exported leather and leather products worth US$ 1.9 billion last year, indicating a surge of 16.4 percent compared to 2012, as per the data released by the Turkish Exporters Assembly (TIM) and the Istanbul Textile and Apparel Exporters Association (ITKIB). According to the TIM Export Data of December 2013, Turkey exported leather and leather goods worth $1.9 billion in 2013, whereas the country exported leather and leather articles worth $1.6 billion during 2012