The government has taken an initiative to allocate 500 acres of land to the country’s readymade garment exporters for setting up an ‘RMG Block’ in the Mirsarai Special Economic Zone of Chittagong. The Bangladesh Garment Manufacturers and Exporters Association on Saturday asked its members to inform the trade body within seven days about their interest in buying industrial plots in the SEZ. In a circular, BGMEA president Md Siddiqur Rahman said that the trade body started talks with the Ban

China will deepen economic and financial reforms and further open its markets to foreign investors as it looks to move from high-speed to high-quality growth, President Xi Jinping said on Wednesday. China will push ahead with market-oriented reforms of its foreign exchange rate as well as its financial system, and let the market play a decisive role in the allocation of resources, Xi said at the opening of a key, twice-a-decade Communist Party Congress. “China's open door will not be closed,

Apparel manufacturers have urged the government to ensure stable prices of power and gas to help boost their businesses along with long-term policy support to remain competitive in the global market. At a roundtable at a Dhaka hotel on Wednesday, the participants discussed the readymade garments sector’s (RMG) present situation and possible moves to improve while some of them also called for efficient functioning of all of the country’s ports. Bangladesh Garment Manufacturers and Exporters

The exports of readymade garments from India in September 2017 was recorded at Rs 10,707 crore, up 24.93 per cent over exports of Rs 8,570 crore in the same month of previous year, according to the trade data compiled by Indian Texpreneurs Federation (ITF). The rise in exports is a boost to the domestic manufacturing value chain of textiles. The growth in apparel exports was observed after a decline for two months. The robust retail sales in the festive season will also increase the domestic

India’s annual rate of inflation, based on monthly wholesale price index (WPI), declined to 2.60 per cent for the month of September 2017 over same month of last year. The index for ‘Manufacturing of Textiles’ group rose by 0.6 per cent to 113.4, while the index for ‘Manufacturing of Wearing Apparel’ group rose by 0.1 per cent to 136.6 in September. The official WPI for all commodities (Base: 2011-12 = 100) for the month of September 2017 declined by 0.4 per cent to 114.3 from 114.8 for the p

South Korean fashion firms are keen on tapping into overseas markets due to a prolonged domestic slump. The domestic fashion market’s size is projected to reach 39.3 trillion won in 2017, which would mark the fourth consecutive year of single-digit growth for the industry, causing many industry watchers to perceive it as a sector slowdown. Shinsegae International Inc., the apparel arm of retail giant Shinsegae currently runs 48 branches of the VOV womenswear brand, said it is planning to ope

Karl Mayer, a leader in the production of warp knitting and warp preparation machines, is set to host an in-house show in Changzhou, China, from November 23 to 25, 2017, to mark the company’s 80th anniversary. The company is also marking this milestone by holding a series of special events with other in-house shows held at its different subsidiaries. During this technical presentation, the new TMJ 4/1-T terry warp knitting machine in a gauge of E 24 will be showing its features whilst produc

Group of artists from Western Turkey's Izmir province seek to revive the 700-year-old Ottoman printmaking tradition, Tokat style printmaking, also called calico printing, is a hand print art in which patterns are imprinted on textile fabrics, usually of cotton or calico material. It's named for its birthplace, the Tokat province of mid northern Turkey. Calico printing is an ancient art that originated in India and Turkey. The bright patterned fabrics were imported by European countries unt

India's textile and apparel exports, particularly for the domestic markets, grew at a healthy rate of 6-7% in the first quarter of the current financial year 2017-18. This was despite the impact and shock of the “demonetisation” of currency at end of 2016. India’s textile and clothing (T&C) sector is one of the most robust export sectors. However, India’s global share remains low, despite the strength of its complete textile value chain, and the availability of diverse raw material base w

The new outlet follows the success of their flagship store which opened in HCM City two months ago. Located at the centre of Vincom Mega Mall Royal City, the new store will introduce H&M’s latest designs for women, men, and kids, with shoes and accessories at reasonable prices, including a range of Basics products, which are favoured by customers. Fredrik Famm, country manager of H&M Southeast Asia said the company is constantly looking for new locations to open additional stores a