It may be the financial capital of Madhya Pradesh, but when it comes to technology, garment manufacturers have not yet developed a liking for the same. There are two main reasons for their inhibitions for not embracing modern technology. There is cheap labour available in the city and the labourers employed are not skilled in the art of garment manufacturing. Those who have been in this business for years, feel that it is better and cheaper to employ a large number of workers. Their thinki

The entirely foreign-owned plant is expected to have an annual production capacity of 19,000 tonnes of yarn and 6,000 yards of fabrics. China will invest US$22m towards setting up a spinning and textile factory named “Asia Spinning and Textile Mills Limited” in Ishwardi EPZ in Pabna. An agreement in this regard has been signed between Bangladesh Export Processing Zones Authority (BEPZA) and Asia Spinning and Textile Mills Limited in Dhaka on Tuesday at the BEPZA Complex, said a press relea

Bangladesh has slowly emerged as the world’s second largest exporter of ready-made clothes and has been able to slowly close the gap with China, the once ‘leading dragon’ of the global economy. According to the reports, Bangladesh’s garment industry is expected to scale new heights and reach USD 30 billion by 2015. The country boasts of approximately 5,000 garment factories which sell their clothes to western brands like H&M, Gap, Marks and Spencer. With China losing its ‘low cost’ ad

Younus Bashir stressed upon the need of self-sustainable special economic zones for the purpose of producing exportable commodities on a 24-hours basis. PHOTO: AFP/FILE SITE Association of Industry Chairman Younus Bashir said that the government should prepare a comprehensive strategy for the textile sector to ensure that the country benefits from the grant of GSP Plus status which is very important under the current circumstances. He stressed upon the need of self-sustainable special eco

Vietnam’s garment and textile industry is able to earn 8.5 billion USD from selling its products to the US by the year-end, up 10.4 percent from 2012. According to the US Chamber of Commerce (AmCham) in Vietnam, the sector is likely to post a gradual growth in its apparel exports to the market due to a moderate increase in labour costs estimate for next year. The Southeast Asian nation is expected to enjoy the strongest growth among the largest clothing exporters to the US, namely China, I

The export orders for finished leather, leather goods and footwear have drastically declined by around 60 per cent following the political standoff, frequent long spells of nationwide hartal and blockade in the last one month, making a heavy blow to the sectors. The industry insiders said the foreign buyers of Bangladeshi finished and crust leather and leather goods were refraining themselves from making new export orders in the last month as they were skeptical of timely delivery of their impor

New investments in the country's readymade garment (RMG) sectordropped sharply in the first half of the current financial yearfollowing some tragic incidents and ongoing political unrest,sources said. High interest on bank loans, a protracted energy crisis during theperiod and international conspiracy against the industry are alsoresponsible for the poor interest of the investors, they added. Only three RMG units have been listed with the Registrar, JointStock Companies and Firms till Dece

The exports of apparel and clothing accessories from the Southeast Asian nation of Indonesia grew marginally by 3.23 percent to US$ 6.2 billion in the first ten months of the current year, compared to exports of US$ 6.006 billion made during the corresponding period of last year, the data from Statistics Indonesia showed. Knitted apparel and clothing accessories exports from Indonesia were valued at US$ 2.918 billion from January to October 2013, as against exports of US$ 2.871 billion made d

China’s Ministry of Finance has announced the sliding-scale tariff plan for import of cotton in 2014. The tariff, applicable for cotton imports excluded from volume under import quotas, is as follows: A. If the cotton import quoted price equals or exceeds 15,000 yuan per ton (equivalent to 110.98 US cents per lb based on US$/RMB exchange rate of 6.1305), the unit tax of 570 yuan per ton will be applicable. B. If the price of imported cotton is below 15,000 yuan per ton, the sliding-scal

The exports of garments and textiles from Vietnam reached US$ 16.241 billion during the first eleven months of the current year, according to the statistics released by the General Department of Customs, Vietnam’s Ministry of Finance. Of the total textiles and garment exports of US$ 16.241 billion made by Vietnam, fabrics accounted for only US$ 648.23 million. From January to November 2013, Vietnam’s garments and textiles exports to the US stood at US$ 7.782 billion, followed by Japan with