Textile

Global contents also translated in Chinese

Xinjiang labor issues need stricter laws, greater collaboration with s…

Wang Wenbin, China’s foreign minister has accused the US of restricting China’s development by withholding five import orders under the pretext of human rights. US Customs and Border Protection recently released five orders withholding the import of cotton and other goods produced in Xinjiang on a... Read more

Government in crosshairs as Reliance-PTA battle over MEG dumping

The government is caught in a battle between India’s largest mono ethylene glycol (MEG) producer Reliance Industries and purified terephthalic acid (PTA) Users Association-a body of end-users of PTA and MEG. As per a request by Reliance Industries, the government initiated a process to impose ‘ant... Read more

As entire textile value chain sees a dip, manmade cellulosic fibers co…

Constrained by a slowdown in global economies and growing trade uncertainties, the International Monetary Fund revised its economic outlook in July 2018 from 3.9 per cent to just 2.9 per cent in January 2020. As per Textile Network, the IMF report cites weakening of large emerging markets and geopolitic... Read more

Government aid, risk evaluation can help reshore US apparel supply cha…

The COVID-19 pandemic has disrupted apparel supply chains across the globe with companies now trying to balance their operational skills with flexibility and affordability. As David Simchi-Levi, Professor, MIT opines, the US-China trade war has compelled companies to reconsider their relationship with China. ... Read more

A digital-physical combine will help trade shows survive the pandemic

With the direct-to-consumer model and digitization diminishing their importance, physical trade shows suffered even before the pandemic. A Business of Fashion (BoF) and MyKinsey’s State of Fashion 2020 report reveals, nearly 55 per cent brands and retailers view trade shows as having little or no releva... Read more

US apparel groups unite to ban forced labor in Xinjiang

Apparel groups in the US apparel have requested US Customs and Border Protection (CPB) department to block imports of China-made textile and apparel products as they are being made by forced labor in the Xinjiang region. If approved, this order can affect US textile and clothing imports worth millions of doll... Read more

EU and pan-Euro-Med textile businesses to get a boost with new legisla…

The European Commission will soon introduce a new legislation to make it easy for textile manufacturers in the region to work with nearshore partners. The legislation will help textile businesses in the EU and pan-Euro-Med countries. It would enable EU textiles firms to make their fabric in Italy and send it ... Read more

Bangladesh RMG can recover lost ground with new initiatives

Since its inception 40 years ago, the RMG industry in Bangladesh has faced many regulatory hurdles. The sector now risks losing its position as the world’s second-largest apparel manufacturer to Vietnam. The RMG sector generates more than 84 per cent of Bangladesh’s export earnings. It also employ... Read more

Stable environment, FTAs can help India counter Vietnam’s growing trad…

While obsessing over China’s dominance of world trade, India seems to have completely overlooked the growing prowess of Vietnam. In the last decade, Vietnam’s total merchandise exports have grown at an annual average rate of 18 per cent as against India’s 5 per cent. Similarly, the country a... Read more

Vietnam emerges the new hotbed of textile and apparel production

Data from Ministry of Industry and Trade of Vietnam indicates, the export turnover of Vietnam’s textiles and apparel sector, in the first seven months of 2020, dropped 12.1 per cent to $16.18 billion compared to the same period in 2019.Many businesses have almost no orders for the last two quarters of t... Read more

Trade show organizers keen to return to physical events

Uncertainty over the second outbreak of COVID-19 pandemic has left the fate of many European fashion shows and events hanging in a limbo. While some organizers have decided to defer their events for a month or so, others have abandoned them for a year. Dolce & Gabbana plans to hold its couture event in Se... Read more

Capital crunch, changing regulations threaten Indian apparels and text…

With dwindling number of large retailers in the US, domestic textile and apparel firms heavily dependent on contracts from discount stores, Narendra Modi -led government’s push for a self-reliant India has further complicated problems for small and mid-sized exporters as they now have to certify the ori... Read more

Cambodia needs to step up its game to stay ahead as a sourcing destina…

China diversification is likely to benefit Asian countries having a strong economy, reliable infrastructure, sufficient human capital and local geopolitical and supply security risk, says a new Moody’s report. The Southeast Asian nation likely to benefit most from this is Cambodia, which currently faces... Read more

COVID-19 – An opportunity for India to boost technical textiles market

Engineered for definite functions, technical textiles are used in the agriculture, healthcare, defense, construction, aerospace, automobile and sports sectors. Global demand for technical textiles is growing at a CAGR of 4 per cent and is expected to reach $220 billion by 2025, says a report titled ‘Tec... Read more

Sustainability to lead fashion industry’s recovery post COVID-19

COVID-19 has compelled the fashion industry to focus on the environment. In the last few months, the industry has set up several standards-setting bodies and working groups like Sustainable Apparel Coalition, Leather Working Group to improve its carbon footprint. However, these groups are likely to make a big... Read more

Global textile, apparel sector seek new growth path as COVID-19 halts …

COVID-19 has led to a fall in global exports and the suspension of many businesses and production units across the world. Statistics from Vietnam Chamber of Commerce and Industry indicate, the country’s yarn exports declined 20.9 per cent from January to July 2020. Fabric exports decreased 40 per cent w... Read more

Pent-up demand to take Indian yarn prices to a never-seen before level…

Though shortage of good quality cotton is pushing cotton and yarn prices up, low cotton fabrics prices are pulling them down. Spinning mills along with their agents and dealers are desperately trying to get better prices from customers who, on the other hand, prefer to wait for prices to drop. Demand for prem... Read more

To counter Chinese silk yarns, India needs to evaluate textile trade

With COVID-19 causing significant cracks in its blooming economy, India needs to reexamine its approach to trade, especially its import of textiles and relics from China, wrote acclaimed fashion designer Ritu Kumar who owns a bespoke label in a recent article ‘How Chinese imports are destroying our trad... Read more

Crushed by the pandemic, Tiruppur textile owners seek government inter…

COVID-19 has been a death knell for 10,000 textile factory owners in Tirrupur as they have not been paid for goods worth Rs 10,000 crore ( US$1.35 bn) exported to different countries. This has drained Tiruppur of all its liquidity, says Raja M Shanmugham, President, Tiruppur Exporters Association. Besides dom... Read more

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