The International Finance Corporation (IFC) of the World Bank Group has identified leather and footwear, plastics and light engineering as potential sectors that can help diversify Bangladesh’s export basket. These sectors will also create greater access to global markets for domestic products, according to a new report released by IFC recently.The report, titled ‘Building Competitive Sectors for Export Diversification: Opportunities and Policy Priorities for Bangladesh’, highlighted the need fo

The Indian textile industry should not expect the Cotton Corporation of India (CCI) to sell cotton at a loss just because it is a government enterprise, according to CCI chairman P Alii Rani, who recently said the corporation has so far bought a quarter of the cotton that has arrived in the markets this year since the beginning of the cotton year on October 1.Pic: ShutterstockThe remark followed after) urged textile minister Smriti Irani to instruct CCI to sell cotton at market price so that spi

In recent years, home linen trade has been moving up with high growth rate. Total trade increased by 35.79 per cent from 2013 to 2018, according to data from TexPro. The global trade of home linen was $46,432.68 million in 2016, which increased to $49,044.55 million in 2018. The total trade of home linen has risen by 4.22 per cent in 2018 over previous year.Pic: ShutterstockFurther, it is anticipated that the total trade will reach $53,255.84 million in 2021 with a CAGR of 2.78 per cent from 201

Ireland’s ‘radical’ new waste strategy will focus on reducing plastic packaging waste and waste generated byand food items in the country, according to minister for communications, climate action and environment Richard Bruton, who said Ireland must ‘radically change’ its ‘wasteful’ use of precious resources as part of its Climate Action Plan.Over 200 kg of waste packaging, 59 kg of which is plastic, is generated per person every year in Ireland, above average among EU neighbours, according to I

The global trade of baby’s garments and clothing accessories (not knitted or crocheted) has shown a slight decline in recent years. Total trade slashed by 0.07 per cent in 2018 over the previous year, according to data from TexPro. The global trade of baby’s garments and accessories was $4,761.20 million in 2017, which dropped to $4,758.10 million in 2018.Pic: ShutterstockThe total trade of baby’s garments and accessories is anticipated to move down to $4,599.00 million in 2021 with a drop of 3.

Kelheim Fibres has been given aranking in the 2019 `Hot-Button´ report issued by the forest conservation organisation Canopy. This shows the company`s performance as regards to raw material sourcing is marked high. Fashion brands value the `Hot-Button´ report as a reliable indicator for sustainability for viscose fibre producers.Pic: Kelheim FibresThe CanopyStyle initiative aims to achieve that no wood from ancient and endangered forests is used to produce viscose fibres. The audited companies m

Shopping centre group Unibail-Rodamco-Westfield has unveiled what it predicts will be the biggest retail trends for the next decade in Europe, including that 2025 will be the experience tipping point in retail when more than half of retail space in stores will be dedicated to providing experiences.The ‘Westfield How We Shop: The Next Decade,’ report explores how consumers in the UK and across Europe will be shopping by 2029 and has revealed five key trends that will create “seismic shifts” withi

For 2020 edition of ISPO Munich from January 26-29, the fashion and textile fair dedicated to sportwear & athleisurewear, Roica has created an interactive booth inviting visitors to explore a backward path from final sportwear to yarn. The sustainable premium stretch fibre by Asahi Kasei, has conceived the exhibition as a ‘reversed’ journey in three acts.Pic: Asahi KaseiAt ISPO, Roica will present the new Global Recycled Standard -GRS- certified Roica EF which innovates with excellent dyeabi

Global Fibre Technologies’ subsidiary EcoTek 360 and Regent Apparel have joined hands to develop a sustainable line of corporate uniforms. The two have signed a development agreement in this connection. EcoTek 360 has developed a proprietary mechanical and eco-friendly process to resolve the problem of textile landfill waste in the corporate uniform market.Pic: Regent Apparel“Global Fibre Technologies and Regent Apparel have now begun that process to bring true sustainability to both the uniform

India's annual rate of inflation, based on monthly wholesale price index (WPI), for December 2019, stood at 2.59 per cent over December 2018. The index for textiles dipped 0.2 per cent while for apparel it was up 0.1 per cent in December, according to the provisional data released by the Office of the Economic Adviser, ministry of commerce and industry.Pic: ShutterstockThe official WPI for all commodities (Base: 2011-12 = 100) for the month of December 2019 rose by 0.40 per cent to 122.8 fro