Vietnamese textile and garment companies should focus more on developing their supply chain to enable them to capitalise on opportunities arising from free trade agreements, a panel discussion heard in HCM City this week. Many foreign investors have been attracted to Vietnam, especially after the recent signing of free trade agreements, including the EU-Vietnam FTA, Pham Xuan Hong, Chairman of the HCM City Association of Garment Textile Embroidery and Knitting, said. The delegates agreed t

Aman Cotton Fibrous, a unit of Aman Group, plans to go public by using the book building method to raise Tk 80 crore to double its production capacity and repay bank loans. Of the IPO proceeds, Tk 49.38 crore will be used to procure machinery, Tk 17.12 crore for bank loan repayment, Tk 10 crore for working capital and the rest Tk 3.50 crore for IPO expenses. “Local companies can meet 60 percent of the total requirement of cotton yarn, while 40 percent is imported. So, there is huge potenti

In order to boost the competitiveness of the domestic textile industry, the Indonesian government is likely to ease procedures for importing raw materials. President Joko Widodo has instructed the relevant ministries to take necessary steps in this regard. Textile raw materials entering Indonesia currently attract import duty of 5-20 per cent. The government must simplify import procedures for import of raw materials used in the textile and apparel industry, to lift the burden off businesses

The integrated strategy initiative for strengthening the supply of apprenticeships in textile sector (TEXAPP) project that addresses the issue of apprenticeships delivery in the fashion sector dominated by SMEs and micro enterprises, has recently been launched. The project is coordinated by the European Apparel and Textile Confederation (Euratex). The objective of TEXAPP is to foster and strengthen the supply of apprenticeships for European SMEs and micro enterprises active in the sector thr

Indian textiles is spreading its roots in the global market not only with the famous Indian fabrics like pure cotton, tussar silk and khadi (hand-spun and hand-woven cloth), but also the Indian wool and weaving techniques, which is in the limelight from cashmere pashmina wool, mohair wool to the angora wool. Indian focus have been well known and admired across the world for their beauty, texture and craftsmanship. In a recent development, the Woolmark Company, based in Australia and India, ho

Steady growth opportunities are visible for textile companies as the global textile consumption is expected to grow at a CAGR of 5.4% through 2020, indicating. The key factors anticipated to boost demand for technical textiles include steady growth of automotive sector, rapid industrialisation in emerging economies, robust demand from healthcare sector and even growing environmental awareness. The automotive sector in emerging economies is anticipated to fuel demand for technical textiles. Us

Association of Italian Textile Machinery Manufacturers (ACIMIT) have inked a Memorandum of Understanding (MoU) with two textile bodies separately including the All Pakistan Textile Mills Association (APTMA) and Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) to promote and expand cooperation between Pakistan and Italian textile and apparel companies. Amir Fayyaz signed MoU on behalf of APTMA, PRGMEA Vice Chairman Tariq Javed Fiazi inked the MoU on behalf of Paki

China's exports in yuan terms ended previous drops to rise 5.9 percent year on year in November, while imports continued to pick up steam by increasing 13 percent, customs data showed on Thursday. Foreign trade volume reached 2.35 trillion yuan ($340 billion) in November, with trade surplus narrowing to 298 billion yuan, according to the General Administration of Customs (GAC). Trade volume for the first eleven months dropped 1.2 percent from a year earlier to 21.8 trillion yuan while tr

Government today admitted it may be "hard to achieve" the $48 billion target for textiles and garment exports for 2016-17, mainly because of less demand in major markets such as the US, EU and China. The overall exports of textiles and garments from India during 2015-16 was $40 billion, falling way short of the $47.5 billion target. Asked whether the target would be "hard to achieve" due to less demand from China, US and EU, Union Textiles Minister Smriti Irani replied in the affirmativ

Pakistan on Wednesday lifted an ‘undeclared’ ban on imports of ginned cotton from India, pledging to strictly implementing all phytosanitary and other conditions governing the fibre’s imports on future incoming shipments via surface or sea. Earlier, the Department of Plant Protection (DPP) of the Ministry of National Food Security and Research put cotton imports from India on hold through Wahga and Karachi port from Nov 23, saying the shipments did not fulfil phytosanitary conditions. Howe