Pakistan’s commerce and textile minister Muhammad Pervaiz Malik recently informed the senate standing committee on commerce and textile industry of his resolve to revive the textile sector through the PKR 162-billion trade enhancement package announced by the former prime minister. The committee meeting was chaired by senator Syed Shibli Faraz. After the execution of trade enhancement package, the ‘zero rating’ for textile sector would be introduced, senior commerce ministry officials told t

Myanmar SUMEC Win Win Garments Co. Ltd, Myanmar’s largest garments exporter and a subsidiary of SUMEC Textile and Light Industry Co. in China, recently opened a new factory in Shwe Pyi Thar industrial zone in Yangon. More Chinese firms are now investing in Myanmar with its economy opening up, Chinese ambassador Hong Liang said at the inaugural function. The new factory is designed to host 50 production lines — 40 operational at present — with the annual capacity to produce 4 million pieces o

The Indian Government has invested Rs 690 crore in projects in 24 districts under the North East Region Textile Promotion Scheme (NERTPS) to counter China’s growing silk production, Central Silk Board (CSB) chairman KM Hanumantharayappa has said. Six such projects are in Assam, one in Sikkim, two each in Meghalaya and Manipur and the rest in other states. The scheme is being implemented under two broad categories: the Integrated Sericulture Development Project (ISDP) and the Intensive Bivolt

Vietnam has not witnessed many large-scale new foreign direct investment (FDI) projects in its textile and garment sector this year as was seen three years ago. However, foreign investors are seen expanding their existing projects, pouring around $2 billion worth investment into this sector this year to date, as a result Vietnam’s textile and garment exports turnover in 2017 likely to exceed the target of $30 billion, according to the Vietnam Textile & Apparel Association (VITAS). The turnov

Textile-mill owners in Pakistan have expressed doubts over their government’s apparent enthusiasm to develop joint ventures (JVs) with their Chinese counterparts to boost dwindling export levels. Pakistan's textile minister, Pervaiz Malik, said at the 18th Textile Asia International Exhibition in Lahore recently that his government wants JVs with the Chinese textile sector and for his country to become a textile business hub for the Middle East, central and south Asia. However, Pakistan's tex

Unlike other businessmen, Le Viet Thanh, CEO of K&K Fashion, doesn’t think foreign fashion brands will ‘choke Vietnamese brands to death’. “The domestic fashion market has different segments with diverse needs. So, foreign fashion brands, though powerful, won’t be able to satisfy all the demands. Vietnamese brands still have their positions in the market if they have distinct products and can find niche markets,” he said, adding that local companies understand Vietnamese taste and can des

China's Belt and Road Initiative will greatly benefit the 10-member Association of Southeast Asian Nations (ASEAN), especially in infrastructure development, officials and academics said at a symposium. The Silk Road Economic Belt and the 21st-Century Maritime Silk Road initiative, known as the Belt and Road Initiative, was proposed by China in 2013 with the aim of building a trade, investment, and infrastructure network connecting Asia with Europe and Africa along the ancient trade routes.

Cambodia’s garment and footwear exports is expected to see a slower growth of around 5 per cent this year compared to 7 per cent in 2016. But the trend is a normal market occurrence and does not indicate an overall decline or is linked to the political situation, say industry experts. Twenty five new factories opened this year in Cambodia while 53 shut shop. As the base number gets bigger, the same rate of percentage growth cannot be maintained forever, Ken Loo, secretary general of the Garm

Turkish textile industry, which closely follows all the fairs in the world and participates in the events, closely monitors fashion as a result they can easily bring the latest trends to consumers. This has helped Turkey's textile and apparel exports approach $30 billion annually, while $7.5 billion of this amount comes from Merter, a district in Istanbul known for its ready-to-wear textiles. According to Merter Industrialists' and Businessmen's Association (MESIAD) Chairman Yusuf Gecü, all m

Uzbekistan the world’s sixth largest cotton producer has signed contracts with companies from Russia, Turkey, South Korea, Singapore, Moldova and many other countries for the export of finished and semi-finished textile products for more than $1 billion during the recent 13th International Uzbek Cotton and Textile Fair held in Tashkent. The 13th International Uzbek Cotton and Textile Fair was held in Tashkent on 23-24 October 2017. More than 1,500 specialists, who participated in the fair fro