Robust activities in certain industries including manufacturing will help the Indian economy to grow to 7.3 per cent in fiscal 2018-19, according to a recent report. It says that the negative impact of demonetisation as well as GST has subsided to a large extent. The economic growth of the country was 6.6 per cent in the financial year 2017-18. The rise in foreign direct investment (FDI) is also expected to boost the economic growth of the country, states the BMI research by Fitch group co

Bangladesh and Thailand are working towards boosting bilateral ties and the trade between the two countries is expected to touch $2 billion by 2021. Bangladesh has also requested a Thai delegation led by Kobsak Pootrakool, investment and economic reforms affairs minister, to consider a free trade agreement (FTA) to encourage bilateral trade. A meeting was held between the Thai delegation and Bangladesh representatives led by Tofail Ahmed, commerce minister of Bangladesh. Ahmed made the req

Delta Galil Industries, an Israel-based manufacturer and marketer of apparel for men, women and children, as well as leisurewear, activewear and denim, has signed an option to acquire Eminence SAS and its subsidiaries. The transaction is expected to close in the third quarter of 2018 and is subject to the fulfilment of French law requirements. As per the deal, Delta Galil will acquire the Eminence Group, which includes leading French underwear brands for men, women and children: Eminence an

Boosted by tax reform and other factors, the retail industry employment in the US increased by 3,700 jobs seasonally adjusted in April over March and 48,900 jobs unadjusted year-over-year, the National Retail Federation (NRF) has said. There was an increase of 5,600 jobs in March. The three-month moving average in April showed an increase of 17,200 jobs. The numbers exclude automobile dealers, gasoline stations and restaurants. Overall, US businesses added 164,000 jobs, the department of la

The ₹6,000 crore special package announced in 2016 by the Indian government for the textiles and apparel sector has not only boosted exports but has also helped in increasing investments, a survey conducted by the Apparel Export Promotion Council (AEPC) has found. The survey conducted to gauge the package’s impact, terms it as a step in the right direction. In the first twelve months of the roll out, the package had generated additional investment of around ₹2,500 crore and addi

The Southern India Mills’ Association (SIMA) would soon come out with the Code of Conduct for the employment of migrant workers. The association said that it will be done as a proactive measure to make the system of direct recruitment from different states of the country a grand success as well as meet all the legal and social requirements. Tamil Nadu that accounts around 45 per cent of the spinning capacity, 70 per cent of the knitted garment manufacturing capacity, 22 per cent of the wea

Bangladesh produces one of the best jute in the world. Jute is Eco-friendly and closely linked with the livelihood of farmers as a cash crop. Better and diversified use of jute can eventually contribute to the overall economy as it has the highest scope of value addition, right from raw jute to finished products made out of jute. Bangladesh exports roughly USD 28.6 billion of RMG a year while major raw material like fiber, a portion of yarn and fabric and accessories and dyeing and finishin

Customer expectation on quality of yarn is increasing day by day. Clean surface has become one of the important issues of fabric quality. This has created the necessity to reduce yarn hairiness. But improvement of quality (Hairiness) requires either or combination of the following actions: – Use of better raw material. Using higher TM (Twist Multiplier) in the ring frame. Slower speed in the process machinery. All the above actions eventually result in increased cost of production

At present, Asia-Pacific is the largest global producer and consumer for sewing machines. DIY (Do it yourself) culture has regained popularity in recent years. Home crafts, such as knitting and sewing, are now widely recognized and used as a medium for enabling people to make their clothes more personalized. Sewing is now not as difficult and is less time consuming than it was considered to be previously. Electronic sewing machines have facilitated this process by enabling amateur tailors to tak

Experimentation with cotton in the international space station receives a big boost. Target Corporation has committed to 100 percent sustainable cotton by 2022. This effort is getting a boost from Target by providing huge sums of money towards sustainability of cotton. The International Space Station cotton sustainability challenge program sponsored by Target and supported by the Center for the Advancement of Science in Space (CASS) recently selected three projects. Cotton experiments