Industry

Sanctions On Bangladesh Will Not Be Labour Related

Textile Insights December 12, 2023

If sanctions are imposed by the US on Bangladesh, it would be mainly due to political reasons as against those related to labour issues, was the common concurrence of speakers at a seminar. “The countries that speak about sanctions have ratified just two of the primary International Labour

Export

Pakistan Textile Sector Drafts Plan To Reach $50bn In Exports

Textile Insights December 12, 2023

The Pakistan textile industry has submitted an ambitious plan to the government to achieve a US $50 billion export target in textile and apparel exports. The industry has submitted a list of recommendations for removing barriers and providing incentives to reach the target to the Export Advisory Council for Textiles. In a presentation, the industry […]

Corporates

Bannari Amman To Sell Textile Assets To SP Apparels

Textile Insights December 11, 2023

In a stock exchange filing, Bannari Amman Spinning Mills Ltd (BASML) has said that SP Apparels Ltd has expressed interest in buying a few of its textile assets. Bannari Amman will utilise the funds received from the sales of these assets to reduce its borrowings. However, the company has not disclosed the transaction value The […]

Apparel, Fashion, Retail

Goyal Confident Of Apparel Exports Reaching $40bn By 2030

Textile Insights December 11, 2023

Textiles Minister Piyush Goyal expressed confidence that India’s garment exports would reach the target of US $40 billion by 2030. “$40 billion target by 2030 is clearly achievable,” he added Goyal said the Indian government is taking steps to promote exports such as entering into free trade agreements and promoting brand India. Piyush Goyal was […]

Industry

Bangladesh Textile Industry Seeks Higher Limits Of LC’s

Textile Insights December 11, 2023

Textile mills in Bangladesh have urged the central bank of Bangladesh to raise the limit of letters of credit (LCs) so that they can import more raw materials. The Bangladesh Textile Mills Association (BTMA) sent a letter to Bangladesh Bank requesting for a hike in LC limit last week, in which the trade body also […]

Cotton

Better Cotton Supports UN’s ‘Uniting Sustainable Actions’

Textile Insights December 11, 2023

Better Cotton has pledged its support to the United Nations’ International Trade Centre’s (ITC) ‘Uniting Sustainable Actions’ initiative, which champions the work of small and medium sized enterprises (SMEs) in global supply chains. The initiative endeavours to highlight and reward the contributions of SMEs by collating and publicising their sustainability credentials on

Cotton

USDA Reduces 2023-24 Global Cotton Use In December Report

Textile Insights December 11, 2023

In the December forecast of the 2023-24 cotton season, the United States Department of Agriculture (USDA) has reduced global cotton consumption and higher ending stocks than previous month report. World consumption is expected to decrease by 1.6 million bales, mainly due to a decline of 1.0 million bales in China. Turkey’s consumption forecast is lowered […]

Export

US Imports Of Cotton Garments Decline At Higher Rate In Q3

Textile Insights December 11, 2023

In the months between July and September 2023, there was a decline in US imports of garments. However the drop in imports of cotton was higher than in manmade fibre apparels. In the third quarter of ongoing year, US clothing imports fell 16.46 percent as against same quarter of earlier year. However, the decrease in […]

Event

TEXCON 2024 Aims To Make India Global Textile Production Hub

Textile Insights December 9, 2023

The 15th edition of TEXCON, the annual conference on textiles and apparel will be held on December 14, 2023, at Hotel Ashok, New Delhi by the Confederation of Indian Industry (CII). The theme of this year’s TEXCON is ‘Making India a Global Textile Manufacturing Hub: A Paradigm Shift’. The global textile and apparel industry is […]

Event

SRTEPC Hosts Event In Istanbul To Promote Bharat Tex 2024

Textile Insights December 9, 2023

An event was organised in Istanbul as a curtain raiser to ‘Bharat Tex 2024’, the biggest global textile exhibition to be held in New Delhi from February 26-29, 2024. “Bharat Tex will be the largest global textile event, covering the entire value chain of textiles from farm to fashion,” the Indian Consulate General’s office in […]