Owing to the military dictatorship and to multiple embargoes, Myanmar has been ignored by foreign investors for more than 50 years. It is now time for Burma to experiencean unprecedented political and economic revival.Since the country has paved the way for a democratization process,the Burmese GDP increases by approximately 7% each year. Myanmar has always had abundant natural resources and a particularly low labor cost but there was no political willingness to build on those strengths to at

The overall export of cotton textiles from India declined in 2016-17 compared to the previous two fiscals, minister of state for textiles Ajay Tamta said in a written reply to the Rajya Sabha. He said the government has taken steps to revive exports of cotton textiles, which include cotton yarn, cotton fabric, cotton madeups and cotton raw waste. According to data shared by the minister, the shipments of cotton textiles from India stood at Rs 70,936 crore during 2016-17, as against Rs 72,994

The political standoff between India and Pakistan may dominate the news headlines, but India’s synthetic textiles, yarn and fibre are starting to find an increasing number of Pakistani buyers. According to Kripabar Baruah, joint director, Synthetic and Rayon Textile Export Promotion Council (SRTEPC), exports to Pakistan that had fallen in 2014-5 and 2015-6 have grown in the current financial year (2016-17). “Exports to Pakistan were down more than 5% in the last two years, but this year we ha

Garment exports to India declined in fiscal 2016-17 thanks to 12.5 percent countervailing duty by the neighbour, which negates the benefit of duty-free access, and the emergence of its own apparel manufacturing industry. Last fiscal year, garment shipments to India, a market of more than $40 billion, fetched $129.81 million, down 4.85 percent year-on-year. The development is in contrast to expectations: exports were supposed to increase manifold for geographical proximity, Bangladesh's com

Myanmar International Textile Expo & China Textile City Fabric Expo will be held from 8 to 10, Dec, 2017 in Tatmadaw Exhibition Hall, Yangon, Myanmar. The exhibition will assemble quality textile suppliers in South-East Asia to exhibit fabric products suitable for Myanmar textile and garment industry, to expand new market and promote the brand of China Textile City, and to explore cooperation opportunities with Myanmar textile association and government department. The exhibition has been

Cotton prices dropped sharply in the Brazilian market during the first fortnight of July 2017 as sales offers were higher than demand. Between June 30 and July 14, the CEPEA/ESALQ Index, 8-day payment terms, for cotton type 41-4, delivered in São Paulo, dropped 4.24 per cent, closing at 2.5479 BRL per pound on July 14, the lowest since November 11, 2016. Many cotton batches from the new 2016-17 season were traded in the first fortnight of July for prompt delivery, but with small volumes. “Act

Afghanistan government has called on industry owners to present plans and recommendations for ways to revive the textile industry in the country, as it harvest almost 60,000 tons of cotton a year but there are no factories in the country to process cotton, a finance ministry spokesman Ajmal Hamid Abdul Rahimzai said on Tuesday. Industrialists have been asked for their recommendations on Kandahar and other textile companies so that the issue is discussed by the high economic council and it sho

Indonesian textile exports to key markets have declined as many countries have reduced imports of textiles in the first half of 2017 amid bleak global economic conditions. Shipments to the USA fell 3.6 percent (y/y), to the European Union by 4.0 percent (y/y), and to Japan by nearly 5 percent (y) in the January-June 2017 period. According to Ade Sudrajat, Chairman of the Indonesian Textile Association (API), the apparel trade balance of Indonesia has improved markedly since the start of the y

DuraFiber Technologies, a leading global supplier of high-tenacity polyester fibres, engineered fabrics, sewing threads and advanced materials, has announced that it has taken the next steps to prepare its production facilities in Salisbury, NC, Shelby, NC, and Winnsboro, SC to be idled if a buyer is not identified by September 11, 2017. The actions follow a series of initiatives to lower production costs in response to increased competition in the textile industry, as well as a thorough rev

Trendstop's materials experts bring you an insider's guide to the essential print and fabric themes for lingerie, beach and sports fashion that will be impacting the materials market into the FW18-19. Our team travelled to the Interfiliere event held at the Porte de Versailles Expo Centre in Paris where innovation took centre stage with new technologies and sustainable concepts essential to shaping the modern materials market and inspire your activewear collections. Our comprehensive materials t