To boost job creation and exports, the new government at the Centre should resolve issues related to Technology Upgradation Fund Scheme (TUFS), Southern India Mills’ Association (SIMA) has said. The association has also appealed for release of ₹9,000 crore pending TUFS subsidies on a fast track. The...
Crystal, a leader in the apparel manufacturing industry, has started a fabric waste upcycling pilot project at its Sri Lankan factories in 2018. The fabric waste from garment production processes is sorted and converted to high quality raw fibre for yarn manufacturing. This raw material again contributes...
The Infrastructure Development Company Limited (IDCOL) in Bangladesh will seek $100 million in loans from the Green Climate Fund (GCF) and hopes to secure a further $66 million through borrower co-financing. This is part of the $166 million in funds that the country is looking at securing...
The German embassy in Bangladesh will work closely to promote Bangladesh’s readymade garments (RMG) industry among its government, buyers and other stakeholders as it sees the possibility of a transparent and accountable dialogue, ambassador Peter Fahrenholtz recently told president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA)...
India’s cotton import in the current season—October 2018 to September 2019—is likely to be 22 lakh bales, 7 lakh bales more compared to the previous season’s figures. The Cotton Advisory Board (CAB) recently estimated this season’s provisional cotton production to be 337 lakh bales of 170 kg...
Several Pakistani value-added textile firms recently rejected the government decision to discontinue zero-rated status of five export-oriented sectors, cautioning that the move will lead to flight of capital and high unemployment and affect the manufacturers. It will also lead to corruption through flying invoices, over-invoicing and refund...
Some 300 goods are likely to enjoy preferential tariffs in Vietnam under a pending decree detailing tariff cuts under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Its draft has been submitted by the finance ministry to the government for approval as firms await procedural changes...
Vietnamese textile and garment exports to Trans-Pacific Partnership (CPTPP) markets have failed to match the country's stature as the world’s second largest apparel exporter, general director of the Vietnam National Textile and Garment Group (Vinatex) recently told a Montreal workshop attended by representatives of 35 Canadian enterprises....
Bangladesh has directed all buying houses in the garment and textile sector to register themselves with the department of textiles to run their businesses. In a May 28 gazette notification, the textiles and jute ministry said the registration is mandatory within 60 days. If any buying house...