Low production cost, tax incentives from developed countries and rising expenses in competing countries such as India and China are benefitting the Bangladesh readymade (RMG) sector, said Bangladesh Commerce Minister Ghulam Muhammed Quader. ...
Tags: low production, RMG sector, CII
The textile sector in Indonesia is likely to attract investment of about US$ 155 million in 2013, according to Indonesian Textile Association (API). Most of the investment in the textile sector would be for purchase of new machinery ...
Tags: textile sector, textile machinery, textile
India Ratings’ outlook for cotton textiles remains negative to stable for 2013 on account of subdued demand, although margins are expected to benefit from softening raw material prices. The outlook for synthetic textiles remains ...
Tags: cotton textile, cotton, textiles, cotton prices
There has been a record rise in Bangladesh’s apparel exports to new emerging markets during the first six months of the current fiscal year that started on July 1, 2012. Indicative of a year-on-year rise of 24.11 percent, new ...
Tags: Bangladesh, Garment Exports, Markets Soar
The African Growth and Opportunity Act (AGOA), which enables countries in Africa to export over 4000 products, including hundreds of apparel products, quota-free and duty-free to the US, has been benefitting the Chinese textile and apparel ...
Garment manufacturers and exporters in Pakistan have urged the Government to end the duty and tax remission for export (DTRE), in the upcoming new Trade Policy, Daily Times reported. In a plea to the Federal Minister of Commerce Amin ...
Tags: Pakistan, Garment Exporters, DTRE
There will be a very healthy competition for attracting investment in the textile sector between the western Indian state of Gujarat and the central state of Madhya Pradesh (MP), according to an expert. “The Government of Gujarat ...
Tags: Gujarat, MP, investment, textile sector
Dr. A Sakthivel Chairman, Apparel Exports Promotion Council submitted the pre-budget proposal for the garments and apparel industry. Commenting on the proposal Dr. Sakthivel said, “Our thrust of the pre- budget proposal underlines: ...
Stirred by a likely boost in demand from countries like the US and Japan, Indonesian textile manufacturers see their exports rising by six percent to US$ 13.4 billion during the current year, Indonesian Textile Association (API) has said. ...
Tags: API, textile exports, textile, textile manufacturers
India’s apparel sector can post a three-fold export growth over the next three years if the Central Government permits it to use 15 percent of the export proceeds to import raw inputs like synthetic and polyester fabrics, which they ...
Tags: apparel, raw inputs, polyester fabrics, synthetic
Exports of Haitian apparel to the United States under EIAP have increased substantially since we last reported in 2011. Although only three account holders are actively earning credits and two have begun to use them, in the 12-month ...
Tags: Haitian apparel, apparel, apparel export, apparel market
Readymade garment exports from Bangladesh have risen while apparel exports from India continue to show downward trend. The exports of garments from Bangladesh rose by 8.8 percent year-on-year to US$ 1.36 billion in November 2012, ...
Tags: Garment exports, Garment, apparel exports, apparel
After Bangladesh and Vietnam, a small Central American country – Honduras has now overtaken India in apparel exports to the US. According to a big-time Indian garment exporter, a Chinese hand is visible in Honduras creaming India. ...
Tags: apparel exports, garment exports, Chinese export fabrics
The Government of Bangladesh has demanded rollback of the 17.5 percent duty levied by Turkey on readymade garment (RMG) imports from Bangladesh, claiming that the levy has badly impacted its sales to European countries. The demand was ...
Tags: readymade garment, RMG, apparel exports, exports of knitwear
The much awaited trade concession package from the European Union has finally come through for Pakistan, but with safeguards, which does not make the package attractive anymore, says a leader of a Pakistan apparel trade lobby group. ...
Tags: trade concession package, safeguards, concession, duty-free access