The better than expected exhibitor response to ITMA Asia + CITME 2020 is an indication of the robust growth of Chinese textile machinery market. The exhibition which took off today and will last till June 16, 2021, is showcasing 1,237 exhibitors from 20 countries and regions. Ernesto Maurer, President, CEMATE... Read more
The third edition of India Spotlight Report reveals, suspension of manufacturing due to COVID-19 led to a 20 per cent decline in credit borrowings by Indian textile and apparel sector in December 2020. The report released jointly by SIDBI and CRIF High Mark says the textile and apparel sector in India burrowed loan... Read more
The Vietnam National Textile and Garment Group (Vinatex) has set an ambitious target of achieving $39 billion in export revenue this year, equal to that of 2019. Last year, the group could achieve exports worth only $35 billion due to the pandemic, US-China trade tensions and Brexit. However, Vietnam was th... Read more
Realizing India’s potential as a future trade partner in the fashion industry, the Paul Alger, Director-International Business, UK Fashion and Textile Association (UKFT) has urged the government to strike a deal that would allow it access the £2trillion Indian market comprising 1.4 billion consume... Read more
In retaliation against the digital services taxes adopted by the UK, Italy and Spain, the US had decided to impose 25 per cent tariffs on the import of British fashion and luxury goods. However, it soon suspended these tariffs for six months owing to upcoming G20 meetings and the G7 summit.
Making multin... Read more