Open fire on attackers

Open fire on attackers
Commerce minister tells garment factory owners
Staff Correspondent
The Daily Star, Bangladesh

Commerce Minister Hafizuddin Ahmed yesterday asked the garment owners to open fire in case of attacks on their factories in future.
“Sometimes you have to be tough. You can wait for one or two incidents and then straight fire on the attackers to save your factories,” he said referring to the recent labour unrest in the readymade garment sector. Read more about Open fire on attackers

Garment industry trying to meet foreign demand

Garment industry trying to meet foreign demand
China Economic Net, China

China National Textile and Apparel Council recently issued its 2005-2014 Annual Report on China’s Textile Industry. The report pointed out the total profit of garment companies above designated size grew by up to 33.09 percent in 2005, the fastest-growth-year during the Tenth-Five Year Plan period. Resorting to the advantages of market, resource, brand and technology, some companies or groups with good performance kept their expansion to become the leaders of the industry and speeded up their internationalized steps Read more about Garment industry trying to meet foreign demand

Hartals, unrest in garment sector: BOI won’t be able to achieve FDI target

Hartals, unrest in garment sector: BOI won’t be able to achieve FDI target
The New Nation, Bangladesh

The Board of Investment (BOI) will not be able to achieve its foreign direct investment (FDI) target of one billion US dollars this fiscal due to opposition’s hartal and recent unrest in the garment sector, it is learnt.

The FDI inflow during July-December of 2005 was recorded at US$ 845.3 million. Read more about Hartals, unrest in garment sector: BOI won’t be able to achieve FDI target

Textile Trade Summit to revive Guangdong exports


Fibre2fashion.com, India
In order to bring the textile and apparel sector of Guangdong Province back on track and also penetrate the markets of Commonwealth of Independent States (CIS), the Government of Fumen town, under the guidance of China National Textile and Apparel Council will organize China & Russia Textile Trade Summit 2014 in Fumen.
Read more about Textile Trade Summit to revive Guangdong exports

Value-For-Money Report Presents Global and Indian Kids Garment Market Overview

Value-For-Money Report Presents Global and Indian Kids Garment Market Overview
Business Wire (press release), CA

DUBLIN, Ireland–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/reports/c63555) has announced the addition of “Indian Kids Wear” to their offering.

SCOPE OF THE REPORT

In this innovative and value-for-money report, it presents global and Indian kids garment market overview.

An assessment unbiased and frank of growth expectations.
An assessment of market size and growth drivers in kids wear market along with industry trends and market segmentations. Read more about Value-For-Money Report Presents Global and Indian Kids Garment Market Overview

Defunct garment firm told to pay its 8 TWA workers

Defunct garment firm told to pay its 8 TWA workers
Saipan Tribune, Micronesia

By Ferdie de la Torre
Reporter
The Department of Labor has ordered defunct garment manufacturer Grace International Inc. to pay the remaining wages of eight of its workers who have temporary work authorization permits.

Labor administrative hearing officer Herbert D. Soll said the eight workers-Qing Wei Miao, Li Yonghua, Wu Jiaoqing, Li Julin, Wu Zhangxia, Zhu Yinchuan, Gu Lianhua, and Zhang Liping-were hired on temporary work authorizations in the closing weeks of Grace International’s operations. Read more about Defunct garment firm told to pay its 8 TWA workers

Bank consortium offers new loans to garment factory

Bank consortium offers new loans to garment factory
Thai News Agency MCOT, Thailand

BANGKOK, July 21 (TNA) – Several banks which had earlier provided loans to the Thai Silp South East Import Export Co. have offered to extend additional funds to the debt-ridden garment factory which recently declared its intention to go out of business early next month.

Kasikorn Bank vice president Boonthak Wangcharoen said executives of the Thai Silp garment factory’s creditor banks, namely Bangkok Bank, Bank of Ayudhya, Siam Commercial Bank, HSBC and the Kasikornbank, had met together and agreed to give more loans for the factory, despite its management’s decision to go out of business in the face of a Bt1.4 billion loss. Read more about Bank consortium offers new loans to garment factory