Category: General

Bernama, Malaysia
KATHMANDU, Nov 8 (Bernama) — In a major policy reverse, India has rolled back its decision to impose customs duty on maximum retail prices (MRP) of Nepali garments exported to India and will now levy tax on the price indicated on the customs invoice.
Read more about India Changes Duty On Nepali Garment …

Online – International News Network, Pakistan

ISLAMABAD: Advisor to the Prime Minister on Textile Dr. Mirza Ikhtiar Baig has said that the textile industry is playing a major contribution in the development of the national economy and government is planning many new measures to further improve the performance of textile industry to make it a vibrant and dynamic sector of the economy.
Read more about Govt determines to make textile industry a vibrant and dynamic sector of the economy: Advisor …

Garment industry sews up exports
Viet Nam News, Vietnam

HA NOI — The garment industry is on track to earn US$5.9 billion in exports by the end of this year, $1 billion higher than in the previous year, forecasted the Viet Nam Textile and Apparel Association.

The prediction reflected the fact that garment exports fetched $4.96 billion in the first 10 months of this year, the association said. Read more about Garment industry sews up exports …

LABOUR-SRI LANKA: Inflation Wears Garment Industry Thin
IPS, Italy
By Feizal Samath

COLOMBO, Nov 8 (IPS) – Thousands of garment workers, mostly young women from rural Sri Lanka, are clamouring for better wages in a campaign that could trigger a mass fallout in the industry, and a possible shift in production to other countries where costs are cheaper.

Workers like Chrishanthi (one name), a 23-year-old employed in a garment factory at the Katunayake Free Trade Zone near Colombo, say living costs are rising sharply and they cannot make both ends meet. “A coconut costs 30 Lankan rupees (25 US cents) and a loaf of bread is 35 rupees (30 cents). This month the grocery bill was LKR 3,888 (35.2 dollars). Unless there is a salary increase by at least LKR 2,500 (22.6 dollars) per month, we will have to resign and go home,” she said. Read more about LABOUR-SRI LANKA: Inflation Wears Garment Industry Thin …

Munson OKs $290,000 in ATC Garment settlement
Saipan Tribune, Micronesi
By Ferdie de la Torre
Reporter

The federal court has approved a settlement that will enable the bankrupt garment factory Advance Textile Corp. to receive a total of $290,000 from an insurance company and former ATC officials.

U.S. District Court for the NMI Chief Judge Alex R. Munson granted ATC’s Chapter 7 bankruptcy trustee Robert J. Steffy Sr.’s motion to approve the settlement between the trustee and FirstNet Insurance Co. in the amount of $175,000. Read more about Munson OKs $290,000 in ATC Garment settlement …

Lingerie firm signs up Girls aloud star
This is London, UK

Girls Aloud singer Sarah Harding was today unveiled as the new face of lingerie line Ultimo.
The pop star follows in the footsteps of models Rachel Hunter, Penny Lancaster and Helena Christensen in representing the brand.
She said she was “honoured and excited” to be modelling for Glasgow-based entrepreneur Michelle Mone, creator of the range. Read more about Lingerie firm signs up Girls aloud star …

Daily Times, Pakistan –
* Exhibition to feature textiles created by near forgotten, endangered embroidery techniques
By Khalid Hasan
Read more about Pakistani textile ‘treasures’ to be on display in New York …

Economic Times, India
BANGALORE: The University of Agricultural Sciences (UAS) in Bangalore has applied for regulatory clearance to start field trials of a transgenic
cotton variety to control the bollworm pest.
Read more about Varsity seeks early clearance for Bt cotton field trials …

Re rise casts shadow on garment sector
Economic Times, India

NEW DELHI: Expressing apprehension that the garment sector may see a 18-22% decline in rupee realisation in exports and loss of 6.2 lakh jobs in the current fiscal, industry representatives have demanded relief from the government.

Confederation of Indian Textile Industry chairman PD Patodia said the Centre should refund levies at the state government and municipality levels that work out to 6% of the cost. He said the industry should not be forced to “export taxes”. Read more about Re rise casts shadow on garment sector …

Garment and textiles exports hit almost US$5 billion
Vietnam Economic Times, Vietnam
VNECONOMY updated: 07/11/2014

Garment and textiles fetched US$530 million in October, brining the total export turnover of the staple in the first ten months of this year to US$4.96 billion, the Trade Ministry reports.

The ministry forecasts that the country’s garment and textiles export value would reach US$5.9 billion by the end of this year. Read more about Garment and textiles exports hit almost US$5 billion …