Foreign investor interest inis still strong despite a fall in the volume of garment exports in fiscal 2019-20, according to the government. Of the 178 foreign enterprises endorsed by the Myanmar Investment Commission (MIC) and permitted to invest in Myanmar between October 1 last year and May 31 this year, more than three quarters channelled capital into the manufacturing sector, according to the Directorate of Investment and Company Administration (DICA).Pic: ShutterstockThe new investors inclu

BANBURY - UK waste recycling charity WRAP is relaunching its £1.5 million (US$1.9m) textile recycling grant scheme to make funding more accessible because of the coronavirus pandemic.WASTE has streamlined the application process so that funds can be allocated more quickly for innovative projects that are designed to keep textiles out of landfill.Beneficiaries will also no longer be required to put up match funding - originally set at 10 per cent for not-for-profit and 50 per cent for commercial

German e-commerce portal Zalando is extending its ‘Connected Retail’ programme to include Sweden, Poland and Spain.Image Courtesy: businessoffashion.comUnder Connected Retail, Zalando had put forth a special offer to waive commission fees and shorten payout circles to weekly for new and existing Connected Retail Partners since 1 April.Carsten Keller, VP of Direct-to-Consumer at Zalando said, “The crisis is not over and retailers continue to see its effects: consumers are slowly returning to the

LONDON - An ambitious vision for man-made cellulosic fibres (MMCF), such as viscose, modal and lyocell, to create a more sustainable textile industry has been outlined in a new report from two international sustainability non-profits - Forum for the Future and Textile Exchange.Entitled 'MMCF 30: Envisioning the Future of Man-Made Cellulosic Fibres', it says these fibres have "huge untapped potential" for building resilience in the global textile industry.The report points out t

Bangladesh Garments Accessories and Packaging Manufacturers and Exporters Association (), in a proposed budget reaction expressed frustration as their demands for reducing corporate tax, source tax and providing cash incentive have not been addressed in the proposed budget for fiscal year 2020-21.urged the government to provide equal budgetary facilities as proposed for the readymade garment (RMG) sector.Figure: BGAPMEA -urged for equal facilities proposed for RMG sector .According to BGAPMEA, A

Globally, leading apparel manufacturers are coming up with much needed functional solutions. Bangladesh, the second-largest apparel contributor in the world which mostly makes Fast Fashion products, has started to move to Functional Fashion drastically. For the recent COVID-19 pandemic, the world is moving to functional fashion and protective clothing is now the most necessary item for the whole world.Figure 1: Bangladesh is preparing itself to become significant contributor of Protective clothi

Stating that the falling exports of cotton textiles is a matter of deep concern, The Cotton Textiles Export Promotion Council (TEXPROCIL) has appealed to the government for policy support. India's cotton textiles exports were $9.405 billion during April-February 2019-20, down 16.5 per cent compared to $11.262 billion earned in same period of previous year.Within the cotton textiles basket, cotton yarn exports showed a steep decline of 28.45 per cent during April-February 2019-20. Cotton yarn

The global trade of chenille fabrics has reported a moderate decline in the year 2019. The total trade decreased 5.24 per cent from $1,906.83 million in 2017 to $1,806.84 million in 2019, according to the data from TexPro. The total trade of chenille fabrics has substantially declined 7.67 per cent in 2019 compared to the previous year.Further it anticipated to drop to $1,670.04 million in 2022 with a rate of 7.57 per cent from 2019, according to.The global export of chenille fabrics was $1,020.

Exports earnings from the country apparel sector, the $34 billion industry, declined by 62% to $1.23 billion in May due to supply chain disruption and slower demand in the export destinations.According to the Export Promotion Bureau (EPB) data, the apparel sector, which accounts for 84.20% of total exports, witnessed a 62% decline to $1.23 billion in May, which was $3.24 billion in the same period last year.Of the total earnings, knitwear products earned $608 million, which was $1.60 billion in

Japan fell drastically both in values and quantities in its industrial sewing machine exports during Jan.-Mar. ’20 period. The statistics were recently released by Ministry of Economy, Trade and Industry (METI) and Ministry of Finance, Japan (MOF).According to data compilation done by Japan Sewing Machinery Manufacturers Association (JASMA), the country exported a total of 25,221 sewing machines in Q1 ’20 with a yearly fall of 26.30 per cent, while the value of export reduced to 6,447.91 million