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's central bank governor said the economy could grow 7 percent in the second half of this year, accelerating from the first six months and defying widespread expectations for a slowdown. The uncharacteristically explicit growth forecast by Zhou Xiaochuan came just days ahead of a twice-in-a-decade Communist Party Congress, where President Xi Jinping is expected to strengthen his grip in a leadership reshuffle. While China produced forecast-beating growth of 6.9 percent in the first ha

A modern $92-million textile unit will be built in Uzbekistan by the Namangan Sharbati joint venture, the National Bank for Foreign Economic Activity and Ozbekyengilsanoat joint stock company by late 2018. The factory will annually produce 10,000 tonnes each of polyester fibre and yarn, 20 million meters of mixed fabrics, and 7,000 tonnes of blended linen. The factory will be exempt from paying corporate income tax, value added tax and mandatory contributions to the Republican Road Fund unde

Trading session at cotton market witnessed buying of second grade lint on the higher side with stable physical prices. Buyers also made forward deals for a month's delivery period in second grade of cotton. On the other hand buyers and sellers looking for better grades remained busy in price wars to make deals. Most deals for second grade of lint changed hands at around Rs 6,500 per maund, during trading session in Punjab and Sindh stations. Raw grades of lint changed hands at Rs 5,975-Rs 6,0

Amazon.com Inc has ventured into private-label fashion, offering office clothing, jackets and dresses under names like Goodthreads and Paris Sunday, is now planning to foray into private label sportswear, tapping some of the biggest athletic apparel supplier. Pushing into active wear would bring fresh competition to some of the world’s biggest athletic brands. Makalot Industrial Co, a Taiwanese vendor that produces clothing for Gap Inc, Uniqlo and Kohl’s Corp, is making apparel for the Amazon

Domestic textile majors in Kerala State are making a beeline for the traditional Khadi and handloom production hubs with lucrative offers for outright procurement of their products, while the State government is gearing up to execute a textile modernization plan. Key players were coaxing the Khadi and handloom production units in Kannur and Thrissur, to begin with, to sell their products at competitive prices and also seeking an assurance that they would consistently meet the demand for a fix

In Part 3 of a series of articles looking at how knitters can use synthetic fibres to create fabrics and garments with advanced performance properties, David Mason assesses the extent to which nylon can provide moisture management. Marketing claims on product labels, and advertisements in sports publications and the popular media present confusing information regarding fibres and fabrics which are used in sportswear or indeed any end-use that states they are designed to keep the wearer’s skin

China's stable and healthy economic growth mainly stems from major progress in economic reform and the government's ability to maintain a stable macroeconomic policy, Chinese Vice Finance Minister Zhu Guangyao said Thursday. Zhu, who is attending the International Monetary Fund (IMF) and World Bank's annual meetings here, said this during his discussions with IMF First Deputy Managing Director David Lipton. The stable macroeconomic policy demonstrates China's steering capacity in economi

The textile and clothing industry, which emits 1.7 billion tonnes of carbon dioxide annually, is taking a toll on the environment, according to the WWF Switzerland. In its analysis of the global textile industry with respect to its impact on the nature, the organisation has found that only a few companies pay attention to the environment. Based on data provided by Oekom research AG, the report classifies 12 companies into visionary, ambitious, upper midfield, lower midfield, latecomers or int

Indian textile exporters have been facing subdued demand trends over the past few years in the key textile consuming regions of the US and EU which accounts for a majority of exports from India as well as intense competitive pressures from nations such as Bangladesh and Vietnam due to high raw material prices in the past six to nine month, which has been aggravated by unfavourable currency movements as well as recent revision in duty drawback rates have only added to their woes. This apart, c