Bangladesh's primary textile sector, an essential cog in the garment export wheel, has been witnessing a dearth of fresh investment for the last few years due to gas crisis and scarcity of bigger industrial land. Only five new spinning, three weaving and two dyeing mills with an investment of about Tk 1,300 crore were set up in the last four years, according to data from the Bangladesh Textile Mills Association. The textile sector needs heavy investment and bigger industrial plots to set u

Vietnamese textile and garment industry is yet to see big impact of the 4.0 revolution on his enterprise and other member companies of the assocaiton, said Nguyen Xuan Duong, chair of Hung Yen Garment Corporation, who is also deputy chair of the Vietnam Textile & Apparel Association (Vinatas). Robots and machines can only replace humans in some links of the production chain, which need repeated operations. In the fashion industry, designs must be diverse because customers don’t want to we

China's new economy will account for an estimated 12 percent of the country's annual GDP this year, according to a research report. "China's development strategy of innovation and industrial integration is seeing some early success," according to a report released at a forum jointly held by the Renmin University of China, and China Chengxin Credit Management. The new economic sectors have been growing at a quite steady pace, said the report. In 2014, about 8 percent of Chinese GDP was co

VTT Technical Research Centre of Finland has been able to dissolve worn and discarded cotton and use it as a raw material for new fibre. The first product models show that recycled fibre can be transformed into a yarn and pleasant fabric. The first batch of recycled fabric has been produced in a pilot facility based on a carbamate dissolution process. The fabric made from the recycled fibre meets the researcher's expectations: it is smooth with a subdued matt finish and drapes nicely. Ali Ha

The new High Dynamic Range (HDR) simplifies designing, reduces laser marking times and guarantees “what you see is what you get” achieving more natural and three-dimensional designs. The Spanish company starts a new era in laser design processes, allowing greater creativity and saving time, while avoiding second-rate production and providing the sector with a common language. Jeanologia has been present in India since 2004 and 6% of the total jeans production in the country is done using t

China has suggested reducing control over fluctuations of the yuan's exchange rate, stepping up efforts to allow the yuan to float freely against other currencies, according to a report by a leading think tank on Saturday. The central bank should let the market play a greater role and does not need to intervene unless the currency witnesses sharp depreciation or appreciation going beyond the benchmark, which is 7.5 percent on average each year on either side, according to the Jingshan report

Minister of State for Commerce and Textile Haji Mohammad Akram Ansari has said that issues confronting the textile sector will be sorted out on priority after the return of Prime Minister Shahid Khaqan Abbasi from abroad. Addressing industrialists and exporters of value-added textile sector at a dinner, organised by the Pakistan Readymade Garment Manufacturers and Exporters Association on Friday, Mr Ansari said a three-member committee has already been set up by the prime minister to look in

Iran ranks eighth in silk farming. China, where sericulture had begun four thousand years ago, on the basis of historical information, remains the main habitat of white cocoon while Iran has been the natural territory for the yellow cocoon, according to an Iranian news agency report. Over the past three years, silk farming has been growing in Iran. “The sector has an age-old history in Iran and, presently, silk warming is prevalent in more than 50 countries while 95 per cent of silk raw mate

Pakistan textile industry realized $2.18 billion from its exports in the first two months of the current fiscal year of 2017/18 compared to $2.06 billion in the corresponding period of the last fiscal year, according to Pakistan Bureau of Statistics (PBS) data. Textile exports increased 5.9 percent as the sector geared up efforts to meet government's exports increment target to qualify for incentives. In January, the government unveiled a Rs180 billion worth of incentive package for both text

The government strongly believes that economic revolution in the country can only be possible through trade promotion and all possible support to export sector is being extended to achieve optimum growth. Textile industry is the backbone of economy and remedial measures are being taken to save this sector. These views were expressed by Haji Muhammad Akram Ansari, Minister of State for Commerce and Textile Industry, while addressing the 31st annual general meeting of Pakistan Textile Exporters