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Pakistan eyes $28 billion textile exports by 2025

Pakistan eyes $28 billion textile exports by 2025

"The recently approved Textile Policy 2020-25 of Pakistan sets an ambitious target of increasing the country’s textile exports to $28 billion by 2025. To achieve this target, the country aims to boost cotton production from nine million bales to 20 million bales within five years. It also aims to improve the qual... Read more

Despite FDI relaxations, single brand retailers choose local partners …

Despite FDI relaxations, single brand retailers choose local partners for India

"The Department for Promotion of Industry and Internal Trade (DPIIT) recently clarified that single brand retailers, owned by foreign companies, can fulfill their local sourcing requirements by procuring goods produced in units based in special economic zones (SEZs). It further clarified these goods to be sourced by th... Read more

India: Government formulating new textile policy

India: Government formulating new textile policy

Since the last few years, the Indian textile industry has been facing problems like technological obsolesce, high input cost (power & capital), poor access to credit, fragmented units, absence of fiber neutrality etc. To address these issues, the government has been implementing various schemes over the years. It ... Read more

New disruptions await fashion industry in UK, EU post Brexit

New disruptions await fashion industry in UK, EU post Brexit

"UK Trade Policy Observatory foresees, Brexit to impact the manufacturing sector which would lead to a significant drop in exports. However, continental manufacturers and retailers fear that UK operating outside the regulatory sphere of EU will be at an unfair advantage. Britian want to finalise this trade deal within ... Read more

Zero Defect Zero Effect (ZED): Enhancing global competitiveness of Ind…

Zero Defect Zero Effect (ZED): Enhancing global competitiveness of Indian MSME

An independent third party inspection service company, RSJ Inspection works as a quality control partner for securing Indian imports. The company was recently accredited as the rating agency for the zero defect initiative (ZED) launched by the Indian government. Sarath Chandran, Director of the company elaborates on th... Read more

US-China tariff battle ends with trade deal, apparel sector unhappy wi…

US-China tariff battle ends with trade deal, apparel sector unhappy with deal

"United States will reduce the 15 per cent tariffs imposed on a wide range of Chinese consumer goods by half and also cancel another round of tariffs implemented in December. On its part, China will buy an additional $12.5 billion worth of agricultural products from the US in the first year and $19.5 billion worth of g... Read more

Myanmar becomes new hotbed of apparel manufacturing

Myanmar becomes new hotbed of apparel manufacturing

"The garment industry in Myanmar has grown significantly in the past five years, from an export value of $900 million in 2012 to $4.37 billion in the first 11 months of FY 2018-19. The country now aims to reach an export value of $10 billion garments by 2024 besides creating over a million jobs for its unskilled and se... Read more

India needs to adopt a cautious approach to RCEP

India needs to adopt a cautious approach to RCEP

"The subsidies given by its government and loans granted with low interest rates helped the Chinese textile industry to emerge as one of the top industries in the world. This coupled with zero per cent duty through the RCEP free trade agreement is likely to provide China with an open market, affecting medium and small ... Read more

India rejects the RCEP deal, textile industry hails decision

India rejects the RCEP deal, textile industry hails decision

"Industry, traders and farmers in India have appreciated the government's decision not to join RCEP deal. Union commerce and industry minister Piyush Goyal termed the deal against India's economic interests and national priorities. “We have consistently upholded our demands particularly over-controlling trade def... Read more

Pakistan needs to evaluate policies while vying for top slot in global…

Pakistan needs to evaluate policies while vying for top slot in global textile market

"The war for the best apparel maker crown is getting hotter with Pakistan joining the race alongside Vietnam, Cambodia, India, Bangladesh. However, as the country aspires to reach the top, it first needs to check the availability of a suitable product category, materials required, labor cost and skill, workers’ r... Read more

New challenges await Bangladesh as it gears up for LDC status

New challenges await Bangladesh as it gears up for LDC status

"Year 2024 will prove to be a milestone for Bangladesh as the country will graduate from being a Least Developed Country to a developing country. This will bring along a number of new challenges particularly its impact on the readymade garments industry. The industry will have to address issues like: How RMG entreprene... Read more

Indian apparel exports to stabilise in FY20 despite odds

Indian apparel exports to stabilise in FY20 despite odds

"Credit rating agency ICRA’s latest research suggests, Indian apparel exports will continue to grow for the rest of the year, however the pace of growth will slow down as multiple challenges looming on the horizon, are a challenge for exporters to meet targets. Reviving after two consecutive years of decline... Read more

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PRGMEA, PHMA appreciate exemption of textile industry from lockdown

The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) and Pakistan H... Read more

South Africa to assist ailing textiles industries

Regulations giving effect to the government’s commitment to assist ailing industries and ... Read more

AAFA welcomes Senate’s $2 trillion war chest

The American Apparel and Footwear Association (AAFA) has welcomed US Senate approval of a S$2 t... Read more

GSP helps beneficiary countries

The EU has three different GSP schemes for beneficiary countries: General GSP, GSP+ and Everyth... Read more

Indonesia eases import restrictions

Indonesia plans to relax restrictions on importing goods as one of its fiscal measures to comba... Read more

India removes MMF duty on PTA

India has removed the anti-dumping duty on Purified Terephthalic Acid (PTA), a key raw material... Read more

India launches new refund scheme

India has put forth a mechanism for reimbursement of all taxes or duties or levies that are cur... Read more

GST council defers hike on textiles

The current economic slowdown and impact of coronavirus has compelled the GST Council to defer ... Read more

Sri Lanka proposes measures to minimise the virus impact on apparel industr…

At a recent multi-sectoral meeting chaired by Sri Lankan Prime Minister Mahindra Rajapaksa, Joi... Read more

GST council to address rates for garments, textiles

At its upcoming meeting, the GST Council plans to address the tax rates for sectors including t... Read more

EU Circular Economy Action Plan: Euratex stands ready with concrete and rea…

The European textiles and clothing sector cares about circularity of its products; for several ... Read more

NCTO supports US government’s economic stimulus to tackle Coronavirus

The National Council of Textile Organizations (NCTO), representing the full spectrum US textile... Read more

Textile industry wants policy interventions to compete with Asean competito…

A Northern India Textile Mills’ Association (Nitma) delegation recently met Ravi Capoor, ... Read more

Manmade textiles to benefit from duty removal

India’s withdrawal of the anti-dumping duty on purified terephthalic acid (PTA) would fur... Read more

EU withdraws EBA privileges for Cambodia

The EU has decided to withdraw one-fifth of the Everything But Arms (EBA) for Cambodia covering... Read more

India’s new textile policy to focus on structural issues

India’s new national textile policy will be out in a few months. The target will be to ad... Read more

Bangladesh looks to corner Cambodian orders post GSP removal

Bangladesh hopes to gain from the suspension of the European GSP facility to Cambodia. Post GSP... Read more

Coronavirus impacts UK retail

UK retail is reeling from the affects of Chinese Coronavirus. Delays in product deliveries will... Read more

Tiruppur Export Association welcomes Rs 1,224 crore budget allocation

The Tiruppur Export Association (TEA) has welcomed the Budget allocation of Rs 1,224 crore to t... Read more

TEXPROCIL appreciates revision of duty drawback rates

K V Srinivasan, Chairman of the Cotton Textiles Export Promotion Council (TEXPROCIL) has apprec... Read more

Bangladesh wants duty waiver on RMG made with US cotton

The Bangladesh government has stated that garments made with cotton produced from the US should... Read more

Need for a trade agreement to save EU, UK from future mayhem post Brexit

Need for a trade agreement to save EU, UK from future mayhem post Brexit

"Uncertainty prevails in Great Britain as the country exited from the European Union. Though ne... Read more

India to restrict textile and clothing imports from Bangladesh

Indian government is exploring avenue to contain the imports of textile and clothing from Bangl... Read more

Various investor friendly initiatives in the Budget to help India’s textile…

Among the investor friendly initiatives taken in the budget are abolishing the dividend distrib... Read more

CMAI welcomes Union Budget 2020-2021

The Clothing Manufacturers Association of India (CMAI) has welcomed the Union Budget presented ... Read more

Cambodia may lose EU trade privileges

Cambodia may soon lose its tariff-free access to Europe. Less than two weeks remain until the E... Read more

EU’s tax concessions to Sri Lanka to continue

Following a meeting with Thorsten Bargfrede, Head of Political, Trade and Communications Sectio... Read more

Pakistan’s APTMA opposes more charges for electricity

All Pakistan Textile Mills Association (APTMA) has opposed Pakistan government’s decision... Read more

Ireland to reduce plastic and fast fashion waste

Ireland has formulated a ‘radical’ new strategy to focus on reducing plastic packag... Read more

Solapur garment makers urge government for a new textile policy

The Solapur Garment Manufacturers Association (SGMA) recently urged the Union government to fra... Read more

Maharashtra powerlooms units get state government subsidy

Powerlooms, spinning mills, and garment units in Maharashtra get a power subsidy. The release o... Read more

India looks to formulate a new 10 year textile policy

India’s new textile policy will envisage positioning the country as a fully integrated, g... Read more

Government announces new scheme to strengthen textile value chain

The Union government has announced a ‘Scheme for Assistance to Strengthen Specific Sector... Read more

US and China reach tariff agreement

The first phase of the Sino-US trade agreement has been greatly helpful for the textile and app... Read more

Schemes for Indian exporters yet to yield benefits

Garment and made-up exporters in India have yet to avail of benefits under the Merchandise Expo... Read more

Philippines to upgrade industry

The Philippines has prepared a roadmap for the garment and textile industry. The plan covers t... Read more

US amends the USMCA deal

The US government has strengthened labor, environmental, pharmaceutical and enforcement provisi... Read more

MEIS withdrawal scheme creates negative impact on export units

In a letter issued to the union finance ministry A Sakthivel, Vice-Chairman, Apparel Export Pro... Read more

Textile Ministry to form technical advisory cell for anti-dumping duty

The textile commissioner’s office will soon form of a technical advisory cell for the ant... Read more

Textile park scheme makes slow progress

The progress of textile parks, under the Scheme for Integrated Textile Parks (SITP), has been m... Read more

US imposes duty on imports of polyester textured yarn

The US has imposed duty on imports of polyester textured yarn from China and India. This follow... Read more

Samarth aims at imparting skills

Textile industry’s initiative Samarth has the broad objective of skilling youth for gainf... Read more

Tariffs unsettle US fashion apparel

The tariffs on Chinese imports continue to unsettle the fashion apparel industry in the US. The... Read more

HEWA seeks Prime Minister’s intervention on release of RoSCTL dues

The Home Textile Exporters’ Welfare Association (HEWA) has sought Prime Minister Modi&rsq... Read more

Philippines clothing exports down six per cent

Clothing exports from the Philippines in Q3 declined over six per cent compared to the same per... Read more

Indonesia curbs textile imports

Indonesia is tightening restrictions on textile imports. Restriction is aimed at protecting dom... Read more

Pakistan at work on a new textile policy

Pakistan is framing a long term and comprehensive textile policy. The aim is to increase Pakist... Read more

NCTO to launch its new blog for textile development

The National Council of Textile Organizations (NCTO), represents its full spectrum of U.S. text... Read more

WTO overrules Indian subsidies

The World Trade Organisation (WTO) has ruled against at least five of India’s export prom... Read more

India objects to RCEP origin rules

India has raised objections to the proposed Regional Comprehensive Economic Partnership (RCEP) ... Read more

Karnataka identifies thrust sectors in textile industry

Karnataka’s new textile and garment policy has identified five thrust sectors: spinning, ... Read more