As self-appointed global leaders gather at the World Economic Forum (WEF) in Davos and discuss ‘The Reshaping of the World,” a stone’s throw away non-governmental organizations named this year’s winners for their dreaded Public Eye Awards. The jury chose the American textile giant Gap, while 95,000 online voters honored the Russian energy company Gazprom. “Sadly, there’s still a need for campaigns like ours that demand corporate accountability,” Silvie Lang said on behalf of the organizers

The exports of fabric and garments from Vietnam rose by a sharp 18.9 percent year-on-year to US$ 17.946 billion in 2013, according to the data released by the General Department of Customs, Vietnam’s Ministry of Finance. With $8.611 billion worth of goods, the US turned out to be the largest importer of fabric and clothing items from Vietnam during the year, followed by Japan and South Korea with imports of $2.382 billion and $1.64 billion, respectively. Among the European countries, Germa

he All Pakistan Textile Mills Association (APTMA), Punjab has claimed that energy supply to textile industry has resulted in 21 percent increase to $215 million in December to December period and now APTMA is hopeful to achieve $3 billion exports out of the capacity, which was earlier closed. APTMA Punjab Chairman SM Tanveer while addressing a press conference expressed the hope that a bullish textile sector growth can also motivate the act of current account deficit which is presently at the

airman APTMA Punjab S M Tanveer has said that the APTMA members have delivered accordingly as the government enabled them to perform. He said that textile sector exports have surged by 21 percent in value terms during December 2013 against the corresponding period due to improvement in energy supply by the government. He said APTMA is hopeful now to achieve $3 billion exports out of closed capacity. He was holding a press conference at the APTMA Punjab office on Wednesday. He said APTMA was

Spinning mills seem confident this year as a surge in the demand for cotton yarn is expected in the export market and domestic apparel and home furnishing sector. The government’s decision, notified on Wednesday, making the export of cotton yarn eligible for benefits under the Incremental Export Incentivisation Scheme for all of 2013-14 will also lift exports. Many mills are raising headcounts. A good monsoon and a better crop size may help keep the price of cotton viable for the sector in th

Cotton prices having surged 10 per cent in one and a half months to Rs 43,000 a candy (356 kg), exporters who had entered forward supply contracts with Chinese buyers settled those at a loss. Exporters had entered into contracts in the range of Rs 38,500-41,000 a candy for December and January with buyers mainly from China. But prices have increased in major markets like Gujarat. At this price, exports are not viable as the global prices are down. According to ginning sector sources, 700,

The increase in electricity tariff will push the prices of Indonesian garments by up to 50 percent, making the industry less competitive in both domestic and export markets, Indonesian Synthetic Fiber Producers Association (Asosiasi Produsen Synthetic Fiber Indonesia or APSyFI) has said, reports ANTARA News. The Government of Indonesia has announced plans to raise the electricity tariff, ranging between 38.9 and 64.7 percent, for large-scale industries from May 1, 2014, which is to be impleme

Five people were crushed to death and two injured after a building rented by a small leather shoe factory as workshops in southwest China collapsed Tuesday night, local authorities announced Wednesday. The accident took place at about 7:45 pm Tuesday when 13 workers were having meals in the first floor of a three-story building in a village in the Nan'an district in the city of Chongqing, the district government said in a statement. The rescue operation ended Wednesday and among seven buri

The production by light industry, which includes textiles and garments and footwear sectors, in Uzbekistan increased by 13.2 percent in 2013 compared to the previous year, as per the data from the information service of the State Committee on Statistics of Uzbekistan, uzdaily.uz reported. According to the statistics, Uzbekistan’s light industry produced goods worth 7.955 trillion soums in 2013, accounting for 13 percent of the nation’s total industrial output. In 2012, the light industry’s sh

Exporters of the readymade garment products have demanded that the government should give one per cent cash incentive for export of all types of RMG items, leaders of the apparel exporters associations said. The finance ministry early this month decided to provide cash incentive at the rate of 0.25 per cent on the freight on board value of export of all types of RMG items. At a meeting with Bangladesh Garment Manufacturers and Exporters Association and Bangladesh Knitwear Manufacturers and