Category: General

30 AUG

Bangladesh : Country to ink MoU with India to boost garment exports

Bangladesh : Country to ink MoU with India to boost garment exports
August 29, 2014
Fibre2fashion.com, India

In order to boost exports of country’s readymade garments, Bangladesh Government has decided to sign an MoU with India for duty-free export of eight million pieces of readymade garments.

The proposal, which was made at the recently held 14th SAARC summit, was sealed during a subsequent visit to Dhaka by External Affairs Minister Pranab Mukherjee. Read more about Bangladesh : Country to ink MoU with India to boost garment exports …

29 AUG

Cotton volume back to average levels as open interest continues to fall


Fibre2fashion.com, India

Cotton tested the highs early, but eventually fell on a late day commodity sell off. We had seen a bounce yesterday on fear from Tropical storm Gustav, but after good economic data was released today, including GDP above 3%, the financial rallied and commodities fell.
Read more about Cotton volume back to average levels as open interest continues to fall …

29 AUG

Philips brightens up textile tech

Philips brightens up textile tech
August 28, 2014 9:44 AM PDT
CNET News.com, CA

At this week’s IFA trade show in Berlin, Philips Research plans to showcase a jacket integrated with Lumalive, a textile that lets fabrics display changing colors and dynamic graphics.

Lumalive textiles are filled with colored LEDs that, according to Philips, are undetectable to the touch and have electronic components that are too small to be seen by the naked eye. Read more about Philips brightens up textile tech …

29 AUG

Association worried about garment smuggling

Association worried about garment smuggling
Antara, Indonesia

Jakarta (ANTARA News) – An association`s leader voiced concern here on Monday over the increasing smuggling of garments from several Asian countries into Indonesia.

The executive secretary of the Indonesian Textile Association (API), Ernovian G Ismy, said the smuggling of garmnets from ten Asian countries including China, Singapore, South Korea and India had increased in the past year as a result of lenient law enforcement. Read more about Association worried about garment smuggling …

29 AUG

INTERVIEW – Banswara Syntex to raise garment capacity

INTERVIEW – Banswara Syntex to raise garment capacity
Reuters India, India

MUMBAI (Reuters) – Textile maker Banswara Syntex Ltd. plans to raise garment capacity to four times in two years, hoping to cash in on India’s booming retail sector that has seen a flurry of private labels, a senior official said.Banswara, which has begun supplying to brands owned by Lifestyle and Westside, expects sales to private labels to grow to a fifth of revenue in two years from 5 percent now, Joint Managing Director Ravi Toshniwal said on Monday Read more about INTERVIEW – Banswara Syntex to raise garment capacity …

29 AUG

Galloping garment sector goes downhill

Galloping garment sector goes downhill
The Daily Star, Bangladesh

Fails to reach EPB export target for first time; majority of RMG units lacks orders up to October
Syed Ashfaqul Haque

Growth in the readymade garment industry, the powerhouse of the country’s export economy, has slowed with the sector for the first time failing to reach export targets and facing a sharp decline in new orders. Read more about Galloping garment sector goes downhill …

28 AUG

UAE's share of global garment market shrinks

UAE’s share of global garment market shrinks
By Shakir Husain, Staff Reporter
Gulf News, United Arab Emirates

Dubai: The UAE’s garment industry is feeling the pinch as local manufacturers lose their meagre market share to exporters from low-production centres like China, India, Pakistan and Bangladesh.The rising cost of doing business in the UAE is also taking a toll on the industry as the labour-intensive sector employs about 180 staff per establishment. Read more about UAE's share of global garment market shrinks …