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India needs to strengthen competitiveness to grab global textile share

India needs to strengthen competitiveness to grab global textile share

"Till recently, China used to dominate the global market of textiles and apparel, footwear and furniture but rising wages have disrupted its global competitiveness in labour-intensive sectors. Now China is readying itself to venture into hi-end skilled manufacturing verticals. As per figures, in 2010, low-value apparel... Read more

India’s apparel export growth to remain flat, say experts

India’s apparel export growth to remain flat, say experts

"As per textile trade analysts and industry stalwarts, India’s apparel exports growth will remain flat or may see marginal rise this year, due to factors like GST, rupee appreciation against the dollar and sluggish global demand. As Rahul Mehta, President, Clothing Manufacturers' Association India (CMAI) points o... Read more

India: Textiles Ministry revises, lowers export estimate to $45000 mil…

India: Textiles Ministry revises, lowers export estimate to $45000 million

"As per recent data released by the Union Textiles Ministry, textile and clothing industry has been seen a decline in exports. Exports fell marginally by 0.2 per cent to $36639.4 million (FY 2016-17) over the previous fiscal. In the exports segment, textiles and clothing accounts 13 per cent of the country's total expo... Read more

Global textile industry recording holistic growth, positivity to conti…

Global textile industry recording holistic growth, positivity to continue

  Global textile market is growing at a rapid pace. As a result, all segments related to textiles are growing as well. Here’s a sneak peek into the growth landscape of some of the promising textile segments that are slated to make a mark… According to MRFR analysis, the global textile ... Read more

Wazir Textile Index reflects stagnation in textile & apparel expor…

Wazir Textile Index reflects stagnation in textile & apparel exports in FY17

"In order to assess the overall financial performance of Indian textile sector on a continuous basis, Wazir Advisors has developed the Wazir Textile Index (WTI). This index gives the collective performance of select top 10 listed textile companies (by sales) of 2015-16 as the base/benchmark, represented by the base Ind... Read more

Euratex suggests measures to deal with Brexit

Euratex suggests measures to deal with Brexit

"Euratex, the European Apparel and Textile Confederation, recently said uncontrolled separation of the UK from the EU would have a very serious impact on industries on both sides, i.e. given comparably high import tariffs that would apply in the textiles and clothing sector. As per the Confederation, it is in common in... Read more

GST for textile sector, in line with the prevailing rates – ICRA

GST for textile sector, in line with the prevailing rates – ICRA

"The Goods & Services Tax (GST) Council announced rates for the textile and other pending categories on June 3, 2017, moving one step closer to the proposed implementation of the new tax regime with effect from July 1, 2017. While rates for most commodities were announced on May 19, 2017, the announcement for the t... Read more

Vietnam signs deals worth $8 billion with US

Vietnam signs deals worth $8 billion with US

"To sustain its export-driven economy and minimise the impact of US withdrawal from the TPP, Vietnam is placing a great thrust on the increased trade relations with the US, which is its largest export market. Vietnam and the US have recently signed business deals worth US$8 billion, in the sectors such as aircraft engi... Read more

Is China losing its textile touch?

Is China losing its textile touch?

"China is the number one textile and clothing exporter to the world, producing more than 43.1per cent of global demand. As per the 13th five-year plan of Chinese Government for the year 2016 to 2020 period, China strategically is moving towards more value adding tech intensive products. The plan is to maintain traditio... Read more

Brexit Affect: UK textile industry under threat

Brexit Affect: UK textile industry under threat

"Employing over 556,000 people, the UK textile industry is going to be impacted by Brexit. British manufacturers create products worth £9 billion a year, from Savile Row suits to highly technical fabrics used in sectors such as aerospace, the medical and the military. Falling value of Sterling has increased impor... Read more

Australian cotton crop production on track for 2017-18

Australian cotton crop production on track for 2017-18

Cotton crop is giving a strong push towards Australia’s target of achieving around four million bales and bring in $2.5 billion to the nation. According to Cotton Australia CEO, Adam Kay, while yields were back from the records of the past couple of years, strong prices meant good returns for growers. Irrigated y... Read more

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Pakistan’s export of readymade garments exceeds $1 billion mark

As per the Pakistan Bureau of Statistics the country's export of readymade garments surpassed t... Read more

Indian economy likely to grow 7.2 per cent in 2018, 7.4 per cent in 2019: U…

Indian economy is likely to grow by 7.2 per cent in 2018 and go up further to 7.4 per cent in t... Read more

Global yarn production improves in Q2

Global yarn production improved in Q2 of 2017. It increased in Asia, Europe and Brazil and slig... Read more

Global yarn output up 11 per cent in Q2

Global yarn production rose 11 per cent in the Q2, led by a 12 per cent gain in Asia and an 11 ... Read more

India’s garment exports pick up at last

After seeing a fall for three months in a row, readymade garment exports from India rose by 25 ... Read more

US is Vietnam’s top cotton source

US cotton continued to be the major supplying source for spinners in Vietnam. Cotton imported f... Read more

Bangladesh apparel exports to China, Japan fall

Bangladesh's apparel exports to China and Japan world's second-and third-largest economies fell... Read more

Germany emerges Bangladesh’s biggest market for RMG

Germany has overtaken the US to become Bangladesh’s largest readymade garment export mark... Read more

Bangladesh’s July earnings up

Export earnings from the US, the largest market for Bangladeshi goods, registered a healthy hig... Read more

Vietnam’s garments exports up nine per cent in 2017

In the first eight months of 2017, Vietnam’s textile and garment exports grew 9.9 per cen... Read more

Bangladesh’s July-August apparel exports up 10 per cent

Bangladesh’s exports in August rose 10.7 per cent from a year earlier, driven by stronger... Read more

Bangladesh’s export earnings from the US up 17 per cent

Bangladesh’s earnings from exports to the US grew 17.94 per cent in July compared to the ... Read more

Taiwan textiles sector looks FIFA World Cup for export boost

Taiwan’s textile exports showed steady signs of recovery in July amid improving industry ... Read more

India’s apparel exports up five per cent in Q1

India has reported only a marginal five per cent growth in apparel exports for the April to Jul... Read more

US outerwear imports rise four per cent this year

US’ imports of men’s and boys’ outerwear increased 4.1 per cent in the first ... Read more

EU’s clothing import volume fall in May with dipping demand

In volume terms the European Union’s apparel imports from January to May ’17 fell 1... Read more

Japan’s apparel import volume up one per cent in 2017

From January to May 2017 Japan saw a 1.98 per cent rise in its import volume. The value of impo... Read more

Iran plans huge garment exports

About 1,500 industrial units and 30,000 employees are involved in Iran’s clothing sector ... Read more

CmiA promotes African cotton

Cotton made in Africa (CmiA) certifies 30 per cent of cotton production in sub-Saharan Africa. ... Read more

Dignity hopes to lead Ghana

Dignity DTRT (Do The Right Thing) is a business entity that exports apparel manufactured in Gha... Read more

China's textile, garment wholesale markets maintain stable growth

According to the data recently released by Raw Material Association of CNTAC about the operatio... Read more

India’s garment exports down 15 per cent

Exports of readymade garments (including those made of cotton, manmade and other fibers) from I... Read more

Bangladesh may continue cotton imports

Consumption of cotton may go up in Bangladesh. The price of the fiber has declined and producti... Read more

Bangladesh July earnings up 26 per cent

Bangladesh’s export earnings in July grew 26 per cent compared to the same period last ye... Read more

India is third biggest apparel supplier to the US

Apparel forms 74 per cent of total textile and apparel imports by the US, this is followed by c... Read more

German textile sector turnover up 0.9 per cent

The turnover of German textile and clothing sector for the first five months grew by 0.9 per ce... Read more

Pakistan offers incentives textiles sector

Pakistan is offering incentives for the modernisation and development of textile sector. The ai... Read more

Yarn production in China up four per cent upto June this year

Yarn production in China increased 4.1 per cent year-on-year in 2017 up to June. Yarn productio... Read more

Pakistan’s textile exports down two per cent

Between fiscal year 2016 and 2017 Pakistan’s textile exports fell two per cent. Although ... Read more

Bangladesh retains tops position in global apparel exports market

Bangladesh clocked in the highest growth in apparel exports in 2016 among top eight clothing ex... Read more

China a preferred destination for Bangladesh RMG makers

"Bangladesh's garment export to China increased 14.77 per cent year-on-year to $391.59 million ... Read more

India emerges US' 9th biggest trading partner in 2016

Based on two-way merchandise trade in 2016, India became the United States’ 9th-largest s... Read more

Japan’s apparel imports rise in first four months of 2017

Japan’s volume of apparel imports was up 0.73 per cent during the January to April 2017 p... Read more

Bangladesh’s export earnings fall in first six months

Bangladesh’s earnings from apparel exports plunged 3.47 per cent in the first six months ... Read more

Indonesia’s textile exports increases 0.62 per cent

Indonesia’s textile exports in the first half of 2017 grew by 0.62 per cent year on year.... Read more

EU technical textile exports up

Technical textile exports from the EU grew 2.4 per cent during 2016, says Euratex. It accounted... Read more

Chinese apparel exports reducing as they shift to tech-intensive products

Chinese apparel export was growing exponentially till 2014 and later it showed a steep decline.... Read more

Pakistan exports cotton yarn worth $1.134b in FY 2016-17

The latest data released by Pakistan Bureau of Statistics reveals cotton yarn valued at $1.134 ... Read more

Pakistan cotton prices may not fall with growing demand

Cotton prices in Pakistan will remain on the higher side due to growing demand for the commodit... Read more

EU, Japan conclude agreement

The EU and Japan have entered into a trade agreement. The EU-Japan Economic Partnership Agreeme... Read more

Pak’s bed wear exports up three per cent

Pakistan’s bed wear textile exports grew by 3.22 per cent in July to May 2016-2017.In ter... Read more

Turkish duties imposed unfair, says India

Turkey has imposed customs duties on textiles and garments from India and some other countries.... Read more

Myanmar’s garment exports grow after lifting of US, EU sanctions

Following the lifting of European and American economic sanctions, Myanmar’s garment indu... Read more

Indian textile sector set for huge growth

The size of India's textile market is expected to touch 250 billion dollars in the next two yea... Read more

US firms levy dumping charges

Three US companies say China, India, South Korea and Vietnam dump fine denier polyester staple ... Read more

Bangladesh’s exports to Japan dips by 3.7 per cent

Bangladesh’s shipments to Japan declined 3.7 per cent in the first 11 months of 2016-17. ... Read more

Arvind disruption minimal, says Credit Suisse

Credit Suisse has maintained an outperform rating on Arvind, with a target price of Rs 450. It ... Read more

Gujarat Weavers Welfare Association wants fiber policy implementation

For the larger benefit of the Indian textile sector under the new GST regimethe Federation of G... Read more

Vietnam’s export earnings may rise 11 per cent

Export revenues of Vietnam’s textile and garment industry are forecast to go up 11 per ce... Read more

Top wool producing states in India

Wool and Woollen textiles is a rural based, export oriented industry in which the organized sec... Read more

Embroidery units protest GST

The textile embroidery hub in Surat has decided to agitate against GST from June 24. Embroidery... Read more