Economy

Indorama Ventures Joins Consortium For Sustainable Polyester Fibre

July 14, 2024

Indorama Ventures Public Company Ltd, a global sustainable chemical company, has joined a consortium of seven companies across five countries to establish a supply chain for more sustainable polyester fibre. Renewable and bio-based materials, along with materials produced via carbon capture and

Economy

India Rises To Fourth In 2024 Asia Manufacturing Index

July 7, 2024

India has secured the fourth spot in the recently released Emerging Asia Manufacturing Index (EAMI) 2024 by Dezan Shira & Associates. This comprehensive report evaluates the manufacturing capabilities of eight key Asian economies: China, India, Indonesia, Malaysia, Philippines, Thailand, Vietnam and Bangladesh. The index provides critical insights into the factors

Economy

Bangladesh: An Ideal Investment Destination for Chinese Investors

July 2, 2024

Bangladesh has been reaffirmed as a prime investment destination, being the world’s second-largest garment exporter, said Maj Gen Abul Kalam Mohammad Ziaur Rahman, executive chairman of the Bangladesh Export Processing Zones Authority (Bepza). He made these remarks during a visit from a 13-member Chinese delegation from the Quanzhou Maritime Silk Road Industry and

Economy

Ralph Lauren Reveals Team USA’s Parade Uniforms For Paris 2024 Olympics

June 23, 2024

Ralph Lauren revealed Team USA’s opening and closing ceremony parade uniforms for the Olympic and Paralympic Games Paris 2024, marking the ninth time as an Official Outfitter of Team USA. These uniforms blend sporting elegance with modernity, celebrating classic styles meant to endure for generations while showcasing iconic American style on a global stage. David […]

Economy

ZDHC Publishes Commodity Chemicals Guide For Textile And Leather Manufacturers

June 23, 2024

The Zero Discharge of Hazardous Chemicals (ZDHC) initiative has released a new Commodity Chemicals Guide aimed at supporting textile and leather manufacturers in the responsible procurement of commodity chemicals. The primary objective of this guide is to encourage manufacturers to evaluate their chemical vendors not only on the basis of price and quality but also […]

Economy

Vietnam Advances Green Tech In Textile Industry

June 19, 2024

Five innovative pilot projects showcasing green technologies for Vietnamese textile and garment exporters were unveiled at the ‘For a Sustainable Garment and Textile Industry in Vietnam’ exhibition held in Hanoi on June 17. This event is part of the ‘Green Tech Landing Pad’ initiative, supported by the German government and implemented

Economy

Wacker Chemie AG Opens Modern HQ In Munich’s Werksviertel

June 16, 2024

Wacker Chemie AG unveiled its new Munich headquarters in the Werksviertel District, designed by C.F. Møller, boasting sustainable technologies across its 18,000 square meters. Housing 600 employees over five floors, WACKER House fosters a modern, flexible workspace with open layouts and innovative design elements to spur creativity and collaboration. CEO Christian Hartel

Economy

Bangladesh Has Potential To Become Asian Tiger: US Envoy

Textile Insights May 13, 2024

US Ambassador to Bangladesh Peter Haas has stressed the necessity for Bangladesh to take bold steps in order to prosper as a country, but also added that Bangladesh has potential to become an Asian Tiger. “In order to become prosperous, Bangladesh must then take bold steps to expand economic, political, and legal freedoms for its […]

Economy

CAI Maintains Cotton Pressing And Supply Estimates For 2023-24 Season

May 10, 2024

The Cotton Association of India (CAI) has released its latest estimate for the cotton pressing numbers for the 2023-24 season. Despite various challenges and uncertainties, the CAI has decided to maintain its previous estimates for the ongoing season. According to the latest data released by CAI, the total cotton pressing estimate for the 2023-24 season […]

Economy

India Ranks Highest In Global Implementation Of AI Projects

May 10, 2024

Nasdaq-listed  NetApp, the intelligent data infrastructure company, has recently released its second annual Cloud Complexity Report. The report analyzes the experiences of global technology decision makers deploying AI at scale and shows a stark contrast between AI leaders and AI laggards. This year’s report provides global insights into the progress, readiness, challenges