The domestic garment and textile sector had to import a large quantity of cotton as the country's cotton output met only 1 per cent of local producers' demand, said the chairman. Viet Nam needs more than 500,000 tonnes of cotton per year to meet rising demand. Meanwhile, India had sufficient supply of material for the Vietnamese textile industry, he said. India is the world's second largest manufacturer of cotton, silk, cotton cellulose, and fibers with approximately US$100 billion in r

The government has decided to send a business delegation to Iran and Turkey in an aim to boost export of jute and jute goods to the countries. Led by textile and jute ministry officials, the delegation will include representatives from jute and jute goods exporters. In a meeting on export expansion the commerce ministry has also decided to explore export potentiality of jute and jute goods to the coffee, cashew nut and cocoa producing countries like Ghana and Nigeria. The meeting als

The world's leading athletic footwear and apparel maker Nike has announced a revenue target of $50 billion by the end of fiscal year 2020. During an investor meeting at its world headquarters near Beaverton, Oregon in the US, it also provided an overview of its progress on key strategic initiatives to achieve sustainable, profitable long-term growth. Nike also shared its long-term financial model of high single-digit to low double-digit revenue growth, mid-teens earnings per share growth and

India's cotton textile industry needs interest rates subvention, re-calibrated product market matrix to include exports to emerging markets as exports are growing in developed markets from the countries with preferential access, said R K Dalmia, Chairman, The Cotton Textile Export Promotion Council (Texprocil). India's exports of cotton textiles in August 2015 registered a decline of 7.39% to $863.18 million as against $932.02 million in the same month last year. Exports of cotton textiles

A Chinese delegation to the India Carpet Expo at Varanasi has shown keen interest handmade carpets. The textiles Ministry now believes China could be a major market for Indian handmade carpets, according to an official statement. The Carpet Expo drew more than 350 overseas buyers, in addition to 276 buying representatives, in the first three days. A delegation from Yiwu city of China visited the Expo on an invitation from the Carpet Export Promotion Council (CEPC). Wang Bi Rong, Director G

Pakistan has lost an opportunity for increasing the global textile share, which in turn would have created thousands of jobs and a rise in exports worth billions of dollars. The Pakistani global textile share has fallen from 2.2% to 1.8%, while at the same time, the Indian global textile share rose from 3.4% to 4.7% and that the Bangladeshi global textile share rose from 1.9% to 3.3%. Pakistan Tehreek-e-Insaf (PTI) lawmaker Asad Umar on Tuesday flayed the incumbent regime for allowing Indian

The Vietnam - India textile cooperation conference was held on Monday in Ha Noi, on the occasion Doan Duy Khuong, vice chairman of the Viet Nam Chamber of Commerce and Industry (VCCI), said that India had great opportunities to provide raw materials for Vietnamese textile industry. Vietnam needs more than 500,000 tonnes of cotton per year to meet rising demand. The domestic garment and textile sector had to import a large quantity of cotton as the country's cotton output met only 1 per cent

Philippines is left with only five textile mills in the knitting business which also service finishing mills as more than 50 textile mills dead or dying due to excessive power costs and cheap fabrics from China. Out of the five textile mills, Asia Textile Mills owned by the group of Ong and Lee in Calamba, Laguna is enlivening with the help of Chuck Lazaro, who is now its industrial partner. Today, Asia Textiles is producing jeans made of abaca fiber. Abaca fiber as raw materials for jeans is

Spinning and weaving factories across the country suspended production on Wednesday in response to a ‘token’ one-day strike call of All Pakistan Textile Mills Association (Aptma) to press for early announcement of the proposed relief package for the textile sector. In Lahore, the textile factory-owners and workers wearing black armbands also set on fire Indian yarn and fabric outside the mills. There were reports of demonstrations by millers and textile workers from many cities. Aptma-Punj

A shorter winter in Europe coupled with the devaluation of the euro led sweater exports from Bangladesh to drop 3.54 percent last fiscal year, although exports of other apparel items rose. Bangladesh exported sweaters worth $2.82 billion in fiscal 2014-15 compared to $2.93 billion in the previous year, according to Export Promotion Bureau. Sweater exports have been fluctuating for the last few years for shorter winters in the West, especially Europe, exporters said. “Besides, customers