Turkey is world’s seventh largest exporter of textiles and textile products, as per the Textile Industry Sector Report released by the Istanbul Chamber of Industry (ISO). According to a statement issued by ISO, the country’s textile exports in 2005 totaled US$ 7.08 billion, whereas in 2012, Turkey’s textile exports amounted to $ 11.09 billion, making it the seventh largest exporter of textiles in the world. However, as per the report, during 2005 to 2011, the number of entrepreneurs, empl

The leather industry has crossed the record $1-billion mark in exports in the first ten months of this fiscal year on the back of competitive pricing and quality improvement. Between July and April, the leather industry exported $1.06 billion of products, whereas the exports receipts for the whole of fiscal 2012-13 stood at $980.67 million, according to data from the Export Promotion Bureau. Mohammed Nazmul Hassan Sohail, managing director of Leatherex Footwear Industry Ltd, a leading lea

The exports of readymade garments from Bangladesh increased by 15.38 percent to US$ 19.97 billion during the first ten months of the ongoing fiscal year 2013-14, as against exports of $17.307 billion made during the corresponding period of the previous fiscal, as per the latest data released by the Export Promotion Bureau (EPB). Segment-wise, woven apparel exports grew by 13.91 percent year-on-year to $10.166 billion during July-April 2013-14 period, whereas knitwear exports soared by 16.96 p

Tau Investment Management, a New York-based firm, will enter the lucrative garment business in Bangladesh with an investment of $200 million. “We will start investing at the field level within the next three to six months as our primary work is at the final stage now,” Oliver Niedermaier, chairman of the investment firm, told The Daily Star last week. Tau will buy minority shares in some factories for five to six years, and expand the production units, if necessary, to produce garment item

The exports of readymade garments from Nepal increased by a sharp 52.8 percent to Np Rs. 3.615 billion (US$ 37.633 million) during the first eight months of the ongoing financial year that began on July 16, 2013, compared to exports of Rs. 2.366 billion during the corresponding period of the previous fiscal, according to the figures released by the Trade and Export Promotion Centre. Woolen carpet exports fetched Rs. 4.801 billion during the eight-month period, showing a rise of 36.1 percent o

Employees are seen working at a footwear manufacturing plant in Ho Chi Minh City in this file photo. Tuoi Tre News Vietnam will surpass all other ASEAN nations to become the largest exporter to the U.S. next year, the American Chamber of Commerce in Vietnam has predicted. Vietnam currently stands behind Malaysia and Thailand in terms of export turnovers to the U.S., the AmCham said in a report released last weekend. Vietnam will take over the top position in 2015, the report stated. In

Two key export industries - textile and garments as well as leather and footwear - have posted significant gains in the first four months of the year, according to the Ministry of Industry and Trade (MoIT). The ministry said textile and garment firms had enjoyed a year-on-year increase of 20 per cent in export value to US$5.9 billion. Le Tien Truong, deputy general director of Viet Nam Textile and Garment Group (Vinatex) said many enterprises had export orders until the third quarter and a

For Liu Qiongying, her initial motivation for making shoes was simple -- to design a pair for herself. "Being short, I was desperately in need of a pair of high heels to attend my friend's birthday party, but I searched all the stores in our town and found only disappointment," Liu recalls of her experience 20 years ago. "I told myself: if you can't find an ideal pair, then make one." Coming home after the party that night, Liu began work on her own ideal high-heeled shoes, a project that

Textile sector posted a decline of 9 percent in earnings during first nine months of this fiscal year (Jul-Mar of FY14) due mainly to appreciation of Pak rupee against the dollar. The overall decline in profits has been attributed to massive drop in earnings during third quarter of FY14 as PKR surged by 6 percent versus the US unit during the period, eroding yarn margins and weak textile exports which declined by 1.1 percent. Topline Securities has conducted an analysis, which is based on li

Around 60 percent of the US$ 3.27 billion worth Sri Lankan exports to the EU made in 2013 were apparel, according to Sri Lanka’s Minister of Industry and Commerce Rishad Bathiudeen. Addressing the second EU-Sri Lanka Trade Dialogue at a hotel in Colombo, Mr. Bathiudeen said, “In 2013, sixty percent of our exports to EU were apparel. The relationship built on apparel trade has become a strategic partnership with major buyers in the EU.” “Today, Sri Lanka has become a value creator to its st