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After having ordered CNG filling stations to remain closed for six hours a day, the Bangladesh government has decided to ration gas supply to all industries, including textile and apparel industries for four hours (from 5 pm to 9 pm daily) for 15 days amid a crisis during Ramadan started from 12 April.Textile and apparel industry leaders are trying to negotiate the matter with the high authorities of the government including Tawfiq-e-Elahi Chowdhury, Energy Adviser to the Prime Minister to keep
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The Indian textiles industry has received the much-awaited respite as the government has removed the nearly 11 per cent customs duty and cess on import of cotton. However, the decision is unlikely to result in imports of 40 lakh bales of 170 kg each—the estimated shortfall by the industry. Instead, the industry may import only 10-12 lakh bales more.Industry organisations said that the government delayed the decision (on removing import duty) which will limit quantity of cotton imports. However,
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Prices of cotton yarn in north India remained unchanged today as the demand for it in Ludhiana, Delhi and Panipat markets continues to be weak. Fabric manufacturers and power loom owners are producing limited quantity of fabrics due to uncertain market conditions.The demand for cotton yarn has been weak since the beginning of the new financial year, according to traders. Fabric manufacturers have been facing muted buying from the garment industry and a lower margin is discouraging them from prod
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As a whole, the country’s apparel sector is in a cheer-up mode with the present robust export growth and work orders inflows by the global retailers and brands.According to Export Promotion Bureau (EPB) data, Bangladesh’s exports earnings from clothing products posted a robust growth of 30.73% to $27.50 billion in the first eight months of the current fiscal year 2021-22.During the July-February period of FY22, the woven sector’s earnings jumped by 28.23 percent to $12.43 billion against and kni
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At a time when the country’s textile and apparel sector is recovering from the Covid-19 pandemic and working with over work orders, the gas supply shortage has hit the production badly leaving exporters in severe trouble.Exporters are fearing delays in shipment if the present situation continues or further worsens in the coming days as the industry needs an uninterrupted supply of gas and the textile and washing sector are highly dependent on gas.Figure: Gas supply shortage has hit the productio
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North Indian markets continued to witness poor demand from downstream industry for polyester-cotton (PC) yarn and acrylic yarn on Wednesday. PSF prices also remained stable. Buyers have sufficient stocks of raw material to run their units with partial capacity. Steady trend in domestic cotton prices was also a reason for bearish tone in yarn market.Ludhiana, India’s most prominent man-made yarn market, noted steady trend in PC and acrylic yarn prices. 30 count PC combed yarn (48/52) was sold at
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Validating its vision to extend the utility of apparel beyond clothing,US’ Integrated Tactical Technologies(iT2) has announced that theDefense Innovation Unit(DIU) of the Department of Defense (DoD) awarded the company a multi-phase contract worth up to $19.4 million to develop a wearable two-way communication solution to enable the ‘Wireless Soldier.’The ‘Wireless Soldier’ prototype Other Transaction (OT) authority contract funds a unique communication system that enables users to communicate d
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Turning the domesticgarment industry sustainableis essential to fully exploit opportunities arising from free trade agreements and integrate deeply into the global value chain, according to theVietnam Garment and Apparel Association (VITAS),which recently said the government’s commitment at the COP26 to achieve net-zero emission by 2050 would push the industry to go green.The association’s president Vu Duc Giang said that most fashion brands in the United States, Japan and the European Union (EU
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The international textile chemicals market is expected a boom given the rise of technical textiles, apparel fashion and home textiles products consumption after the pandemic normality. According toReports and Datareport, the global textile chemicals market size is expected to reach $38.66 billion by 2030 and registering a revenue CAGR of 4.3 percent by 2030.Figure: Global textile chemicals market size is expected to reach $38.66 billion by 2030.The report highlighted that primarily the textile c
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In support of the circular economy in the Nordic countries, the two textile pioneers are initiating a large-scale collaboration. Elis, a Swedish textile service firm, andRester, a Finnish recycling pioneer, are collaborating to giveworkweara new lease of life at the end of its life cycle through mechanical processing, which turns it into new raw material.The Swedish textile service company, Elis, has partnered with Rester, a Finnishtextile recyclingcompany, to recycle worn workwear supplied by E