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Bangladesh Garment Industry Grilled By US Trade Commission

Textile Insights March 18, 2024

Bangladesh garment industry representatives faced tough questions on wages, labour rights and worker productivity at a virtual hearing held by the United States International Trade Commission (USITC) last week. Bangladesh was among the five countries that export garments to the US market and

Export

Indonesian Textile Exports Drop 14.78% In Previous Year

Textile Insights March 18, 2024

Data released by the Central Statistics Agency (BPS) reveals that textile exports from Indonesia showed a significant decline and reached a record low in the last nine years. The Indonesian textile industry, which is one of the leading sectors in the country’s economy, experienced a sharp decline of 14.78 percent year on year to total […]

Export

China’s Textile & Apparel Export Growth Trajectory Continues

Textile Insights March 18, 2024

China’s textile and apparel exports in January and February continued on the growth trajectory which started in December last year. According to latest data of the General Administration of Customs, overseas shipments of textiles and clothing in the first two months of 2024 were US $45.09 billion, a year-on-year increase of 14.3 percent. Of these, […]

Policies

France Proposes Ban On Used Clothing Export To Africa & Asia

Textile Insights March 18, 2024

The French Ministry of the Environment has submitted a proposal to the European Union Parliament to ban export of used clothing. This step was taken as part of the government’s increasingly urgent efforts to tackle the worsening textile waste problem. According to United Nations (UN) trade data, the European Union has exported 1.4 million metric […]

Export

Vietnamese Imports Of Yarn Decline 1.71% In February 2024

Textile Insights March 18, 2024

Vietnamese imports of yarn stood at 6.13 million tons in February 2024, a year-on-year decline of 1.71 percent and a massive month-on-month decrease of 42.5 percent “Vietnam exported yarn totaling to 120,200 tons in the same month, a year-on-year increase of 10.83 percent, but a month-on-month decline of 25.73 percent,” statistics of Vietnam Customs informed. […]

Corporates

Saurer And DIW Seal € 153 Million Deal For Top-tier Textile Machinery Venture

March 17, 2024

Saurer and Shanghai Digital Intelligence World Industrial Technology Group Co., Ltd. (DIW) sealed a collaboration pact for a top-tier textile machinery venture on March 7, valued at over 1.2 billion yuan (approximately 153 million euros). During the signing ceremony, Liu Yiming, the President of DIW said, “DIW has established four major intelligent industrial parks,

Policies

Govt Sets Minimum Price For Imported Synthetic Fabrics For 6 Months

March 17, 2024

In a bid to regulate imports and protect domestic manufacturers, the Central government has announced the imposition of a minimum import price on certain categories of synthetic knitted fabrics. The decision, made under the Foreign Trade (Development & Regulation) Act, 1992, and in accordance with the Foreign Trade Policy, 2023, aims to ensure a level […]

Corporates

S M Mannan Kochi To Lead BGMEA Team For 2024-2026 Term

March 17, 2024

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) elected its new board of directors for the 2024-2026 term on March 14, with S M Mannan Kochi, Chairman of Seha Design Ltd, assuming the role of President. The new board is poised to assume responsibility following the conclusion of the current board’s term on April 6, […]

Corporates

Arvind Ltd’s Kulin Lalbhai Appointed Chairman Of CII Gujarat

March 17, 2024

Kulin Lalbhai, the Executive Director of Arvind Ltd, has been appointed as the Chairman of the Confederation of Indian Industry (CII) Gujarat State Council for the term 2024-25. In his role at Arvind Ltd, Kulin Lalbhai has been driving innovative initiatives within the group’s consumer businesses. He has played a pivotal role in the establishment […]

Corporates

Infinited Fiber Company Secures €40 Million In Development Financing Round

March 17, 2024

Infinited Fiber Company concludes a €40 million development financing round, drawing significant investments from newcomers Inditex, TTY Management, Youngone, and Goldwin, alongside existing backers. New investors include Inditex Group, TTY Management B.V., Youngone (YOH CVC Fund 1 Limited Partnership), and Goldwin (GOLDWIN Play Earth Fund Investment Limited Partnership),

Bangladesh Garment Industry Grilled By US Trade Commission

Indonesian Textile Exports Drop 14.78% In Previous Year

China’s Textile & Apparel Export Growth Trajectory Continues

France Proposes Ban On Used Clothing Export To Africa & Asia

Vietnamese Imports Of Yarn Decline 1.71% In February 2024

Saurer And DIW Seal € 153 Million Deal For Top-tier Textile Machinery Venture

Govt Sets Minimum Price For Imported Synthetic Fabrics For 6 Months

S M Mannan Kochi To Lead BGMEA Team For 2024-2026 Term

Arvind Ltd’s Kulin Lalbhai Appointed Chairman Of CII Gujarat

Infinited Fiber Company Secures €40 Million In Development Financing Round

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