Vietnam garment and textile export turnover witnessed 1.2 percent growth in the month of January over the same month last year to reach US$1.9 billion, according to Vietnam Textile and Apparel Association. The production output of garment and textile products such as fabric and clothes have been on the rise compared to the same period last year as many businesses have got orders to produce until the end of the first quarter this year and even the second quarter to some. However, 60 percen

Kanoria Chemicals & Industries Limited (KCI), leading manufacturer of chemical intermediates in India, has opened Kanoria African Textiles Plc, a subsidiary and a denim fabric production unit in Ethiopia’s Bishoftu town of Oromiya regional state. The newly opened factory began yarn production last week and is expected to start denim fabric manufacturing in May 2015. The company has acquired on lease 153,000 square metres of land from the Bishoftu town administration and is annually expect

More than 100 billion yuan ($16.6 billion) in tax break eased tax and fees burden of small businesses last year, an official with the Finance Ministry said on a Friday policy briefing. Shi Yaobin, deputy minister of Finance Ministry, said the combined tax break for micro and small businesses in China until Dec 31, 2014, was 61.2 billion yuan. Along with more than 40 billion yuan cut on various fees imposed on these firms, they were able to save more than 100 billion yuan last year. The Sta

The Pakistan Tannery Association is holding Mega Leather Show 2015 from 6th March to 8th March at the Lahore International Expo Centre for the revival of the leather industry of Pakistan. Key Government of Pakistan officials, foreign associations and diplomats are expected to attend the expo which is a unique and first ever biggest expo of its kind in Pakistan. Chairman PTA Muhammad Musaddiq told Business Recorder here on Sunday that show will provide a unique platform for the Pakistani leat

The textile industry plays an instrumental role in the history of the canton of Zurich. Of particular importance is the Zurich silk industry. The silk trade was the leading manufacturing industry in the canton of Zurich from 1840 to 1900. There are records of silk being made in Zurich as far back as the Middle Ages, and a number of workshops sprang up all around the country, but in 1914 the last silk factory was closed in Ticino. Zurich thrived during the 1850s and 1860s, when it became the

A two-day Denims and Jeans Show began at Hotel Radisson in Dhaka on Sunday, aiming to help increase exports of the items from Bangladesh. Twenty-six companies from Bangladesh, India, Pakistan, Germany, Turkey, Brazil and China are taking part in the exhibition to showcase their denim trousers, fabrics and modern machinery. Denimsandjeans.com Bangladesh has organised the event for third time in partnership with the Deutsche Gesellschaft für Internationale Zusammenarbeit (German Federal En

Despite zero import duty, the country’s RMG manufacturers are unwilling to import prefabricated building materials for relocating factories and make them compliant as entrepreneurs think the structure still remains expensive. In the current budget, the government on certain condition allowed the export-oriented RMG sector to import duty-free raw materials needed for the manufacture of the required prefabricated buildings. This duty-free import was aimed to help create favorable and safer p

A tiff over procurement of foodgrain packaging material in the ensuing rabi season has put the jute sector in a tight spot. While the Union food, civil supplies and consumer affairs department has allowed for packaging of grain in plastic bags, the Union ministry of textiles said there was no dilution in the packaging norms. The jute industry is worried, as it is sitting on a huge stockpile of bags. Earlier this month, the Punjab government had requested the department to allow it to purchase

The government has set 15.49 million bales cotton target for the next season (2015-16) against the revised target of 13.48 million bales for the outgoing season (2014-15), it is learnt. The government had set initial target of 15.1 million bales for the current season (2014-15), however later the target was revised three times to finally set at 13.48 million bales due to multiple issues including water shortage, rains/floods, and shortage of certified seed. Official sources told Business Rec

Sustained buying by mills, spinners and exporters helped prices to maintain firm trend on the cotton market on Tuesday in the process of trading, dealers said. The official spot rate was unchanged at Rs 4950, dealers said. In the ready session, around 18,000 bales of cotton changed hands between Rs 4000 and Rs 5200, they said. Prices of seed cotton in Sindh were unchanged at Rs 1800 and 2300 while in the Punjab phutti rates showed no change at Rs 2000 and Rs 2600, dealers said. Some brokers