All Pakistan Textile Mills Association (APTMA) Punjab Chairman S M Tanveer has said the industry has rationalised its demand for gas during winter to 100 million cubic feet per day (MMCFD) against actual demand of 450 MMCFD while understanding the compulsion of the government on gas supply. However, still, he said, the Sui Northern Gas Pipelines Ltd (SNGPL) has suspended gas supply to the textile industry in Punjab, likely to cause $1.3 billion per month export loss, retrenchment of 3.0 milli

Dr. A Sakthivel, Chairman AEPC, has expressed satisfaction over the exports growth for the month of November 2013. In reaction to the trade data released Chairman AEPC said, “The garment exports have been registering a positive growth since last 8 months. "The growth of RMG for the month of November 2013 is 21.29% registering to the tune of 1051 million US $; the cumulative growth of 16.15% for April- November 2013.” Our constant endeavor to work on the technology up gradation, skilling,

The hosiery manufacturers here have appealed to the Centre to restrict the cotton exports to a maximum of 5 lakh bales a month during the current cotton year, which began this October and scheduled to end in September 2014. “This type of control is imperative to ensure that adequate quantity of cotton becomes available for the domestic consumption. The projections state that around 360 lakh bales of cotton is set to be produced during the current cotton year,” South India Hosiery Manufacturer

Apparel exports have grown 15.5 per cent the first seven months of the fiscal to $8.2 billion due to revival of demand in the US and the EU. The Government is now all set to increase the export target for next year from the current $17 billion. “I am confident that we are on the road to recovery. Signs of its revival are visible in the US and EU, which guided my instinct to revise the apparel export target to $17 billion this year. Let’s keep a high target next year,” Commerce Secretary S

Workers are seen working in a garment factory Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has demanded low cost loans to pay wages for next four months as they were facing fund shortage due to failure of shipment caused by the political unrest. The loans could be given through creating a special packing credit (PC), they said. BGMEA President M Atiqul Islam demanded the loan for a period between November and February next to be adjusted by next two years. He s

HIGH LABOUR COSTS in China and diversification of Japanese business will continue to bring more direct investment from Japan to Asean countries, a Japan External Trade Organisation (Jetro) official said yesterday. In the first 10 months of this year, more than 14 trillion yen (Bt4.4 billion) of Japanese direct investment flowed to Asean countries, compared with only 7.6 trillion yen to China in the same period, said Isamu Wakamatsu, director of the Asia and Oceania division of Jetro's overseas

Largest ever exhibitor and visitor participation at Yarn Expo Autumn The recently concluded Yarn Expo Autumn fair set new records this year for both exhibitors and visitors. Nearly 150 suppliers from 13 countries and regions took part, including Bangladesh, China, Hong Kong, India, Indonesia, Pakistan, Singapore and Thailand, and new countries Italy, Korea, Lithuania, Sri Lanka and Turkey. This marked a 50% increase compared to 2012. On the visitor side, 6,015 buyers from 63 countries and reg

The Hermes Logistik Gruppe Germany (HLGD) is the cotton initiative's Cotton made in Africa (CmiA) newest partner. Since November, the company expects to outfit its 13,000 parcel delivery staff in Germany with cotton made according to the environmental and social standards of Cotton made in Africa. Hermes and CmiA will thus support around 475,000 CmiA cotton farmers who produce the raw material on the African continent using sustainable methods. By the beginning of the cooperation, Herm

With a glut on the horizon, apparel makers are hoping a reduction in cotton prices would reverse a year-long trend of price increases. The Cotton Association of India has pegged production at 380 lakh bales this year; manufacturers are looking forward to sourcing at lower rates and passing on the benefit to buyers. The key determinant in apparel pricing — cotton rates — has been on an uptrend. The 30-count cotton yarn sold by mills touched a high of Rs 240 a kg in September from Rs 200 in Jan

Referring to recent decline in readymade garment (RMG) export due to recent political unrest, leaders of the sector and its backward linkages on Tuesday demanded special incentives like special P.C or BAISALAM, term loans without interest and halting of loan classification for certain periods. The demands were raised at a meeting between the RMG, textile exporters and the representatives of banking institutions at the Bangladesh Garment Manufacturers and Exporters Association (BGMEA). Spea