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Innovation Key To Achieve $100bn Bangla Garment Export Target

Textile Insights September 18, 2023

At a seminar, Bangladesh garment industry and exporters and experts were of the opinion that innovation was the key to Bangladesh apparel exports touching the $100 billion mark by 2030. The Textile Today Innovation Hub and CEMS-Global jointly organised the seminar which was held concurrently

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Asian Countries Risk Losing $65bn In Apparel Exports

Textile Insights September 14, 2023

A new study by Cornell University’s Global Labour Institute (GLI) and Schroders, reveals extreme heat and flooding are threatening key apparel production hubs. “Four countries vital for fashion production like Bangladesh, Cambodia, Pakistan and Vietnam risk missing out on $65 billion in export earnings and almost one million new jobs,” the study said. The collaboration

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Global US Apparel Imports Dive 22.28% In First Seven Months

Textile Insights September 13, 2023

Overall US clothing imports dived sharply by 22.28 percent to US $45.74 billion in the first seven months of the current year, as against $58.85 billion in the comparable period of the earlier year. Imports of garments from its largest source China totaled $9.12 billion between January and July 2023, compared to $12.80 billion in […]

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Cambodian Garment Exports Drop 18.98% Between Jan & Aug

Textile Insights September 13, 2023

In the period between January and August 2023, Cambodian garment exports dropped 18.98 percent compared to the same period in 2022, to $5.49 billion. Of overall apparel shipments, exports of knitted garments totaled $3.63 billion in the first eight months of 2023, down 23.2 percent, compared to $4.5 billion earned for the same period last […]

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Pak Textile Exports Continue Downward Trend In August

Textile Insights September 12, 2023

Exports of textiles continued to remain in a downward trend in August, where they declined to US $1.48 billion, down 6 percent, when compared to $1.58 billion reported in the same month of 2022. In the period between January and August 2023, Pakistan’s textile exports dropped 19 percent year on year to $10.58 billion, provisional […]

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Bangladesh Garment Exports Inch Up 4.92% In August

Textile Insights September 6, 2023

Bangladesh garment exports inched up 4.92 percent in August to US $3.93 billion, up from $3.74 billion in the same month of earlier fiscal. In the first two months of the current fiscal ending June 30, 2024, apparel shipments reached $7.88 billion, a growth of 12.46 percent over comparable months of the previous fiscal “In […]

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Vietnamese Apparel Exports Up 6.8 Percent In July

Textile Insights September 4, 2023

In July 2023, garment exports from Vietnam totaled US $3.27 billion, an increase of 6.8 percent, when compared with June 2023. As against the earlier eleven months, Vietnamese clothing shipments recorded the highest value in July 2023, according to the General Statistics Office (GSO). “Shipments of apparel are showing recovery signs in several markets and […]

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Bangladesh Largest Shipper Of Cotton Apparels To UK

Textile Insights September 1, 2023

Bangladesh has become the largest exporter of apparels made from cotton to the UK in 2021, and is followed by China in second place. Shipments of exports of cotton clothing to UK from the South Asian country reached $1.95 billion in 2021, thereby gaining a market share of 21.9 percent, which is double the market […]

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Uttar Pradesh Aims To Double Silk Production To Boost Textile Exports

August 30, 2023

The Uttar Pradesh government is formulating a strategy to amplify silk production to over 700 tonnes, with the goal of invigorating textile manufacturing and boosting premium apparel exports from the state. The proposed plan includes the establishment of silk clusters and research institutions to encourage silk production, thereby enhancing rural incomes, particularly

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Has China Plus One Helped Indian Textile & Garment Sector?

Textile Insights August 29, 2023

The ‘China Plus One’ strategy refers to a business strategy adopted by multinational companies, to diversify their production and supply chain activities by adding an alternative manufacturing or sourcing location to China and was introduced in 2013. But has the China Plus One strategy worked to the advantage of countries like India, which is a […]