Four more apparel factories producing clothing products for Alliance for Bangladesh Worker Safety signatory brands have completed Corrective Action Plans (CAPs) CAPs are the requirements prescribed by the Alliance engineers to make the factories fully safe, and following the completion, a factory is declared compliant. With the new four factories, the total number of factories that completed the CAPs stood at 38 while the global retailers’ platform suspended operations with four factorie

High animal prices have left people with little surplus cash to buy readymade shalwar kameez, shoes, sandals and designer clothes for upcoming Eidul Azha. Spending on these items is limited to only 30 per cent of the overall shopping expenditure on Eidul Azha as people prefer to buy sacrificial animals. Most people choose to wear the same clothes on Eidul Azha that they had worn on Eidul Fitr. However, some parents still go shopping on Eidul Azha to get new clothes for their children.

According to the General Administration, China imported about 163,700 tons of cotton yarn in July, down 24.10% year-on-year, but up 2.73% month-on-month; the import of cotton yarn totaled near 1.13 million tons in January-July period, down 19.51% from a year earlier. From September 2015 to July 2016, China’s import of cotton yarn totaled 1.86 million tons, down 11.92% year-on-year. China’s export of cotton yarn stood at about 35,900 tons, up 15.35% year-on-year and 18.54% month-on-month. In

Rwanda government to establish new clothing and shoe factories at the newly-demarcated Apparel Manufacturing Zone (AMZ) which currently occupies 5 hectares at the Kigali Special Economic Zone has signed agreements with two investors. The agreement was signed between the ministry and two investors Albert Supplies Ltd and Rwantan Ltd involved in the apparel manufacturing industry. The Government land will be given to investors engaged in apparel production, requiring them to pay for it over a p

The exports of textile and apparel from United States were down 7.66 per cent year-on-year in the first seven months of this year. The value of exports stood at $12.934 billion during January-July 2016 compared to $14 billion in the corresponding period last year, according to data from the Office of Textiles and Apparel, US department of commerce. Category-wise, apparel exports declined by 8.5 per cent year-on-year to $3.239 billion, while textile mill products dipped 7.37 per cent to $9.69

Jiangsu Dongqun Investment Holding, a China based textile and apparel manufacturer has articulated interest in investing $100 million to build and start a textile production facility in Indonesia. This was informed by Indonesian industry minister Airlangga Hartarto, after a meeting with Jiangsu Dongqun officials at their headquarters in China. According to the minister, he offered various options to the company to set up the factory, including the Kendal Industrial Park in Central Java, since

Pakistan’s textile machinery imports have surged by six percent to US$44 million in the first month of fiscal year 2016-17 on last year, as per new statistics from the Pakistan Bureau of Statistics. On a monthly basis, textile machinery imports in Pakistan went up from US$42 million in July 2015. IGATEX Pakistan has become an increasingly significant textile and garment machinery and accessories exhibitions in South Asia with its scale setting new records year by year. Organizers of th

The leather and footwear industry posts the annual growth rate of 9.7 percent on average. Made in Vietnam shoes have been exported to 50 nations but met only 40 percent of local demand, approximating 150 million pairs a year, according to statistics by the Ministry of Industry and Trade. The main export markets of Vietnam are the EU, the US, Japan, China, Mexico, Brazil and South Korea. Of these, exports to the EU hold the highest ratio with 35.3 percent, followed by the US with 31.55 perc

Belt and Road Initiative proposed by China could stimulate sustainable Asian and global economic growth, a leading Bangladeshi legal economist told Xinhua. In an exclusive interview recently, MS Siddiqui, a professor at Dhaka's Daffodil International University, said the Belt and Road Initiative will connect countries that represent 30 percent of world gross domestic product (GDP), 63 percent of global population, and most of known energy reserves. Promote infrastructure development In

A decline in global cotton quotes in August 2016, led to heightened trading activity in the Brazilian cotton market, which too resulted in drop in Brazilian domestic cotton prices. Despite this, the average Brazilian cotton price was 15.5 per cent higher than export parity, which made sales in the domestic market more attractive than exports. So, while trading companies made cotton available in the Brazilian market, most cotton growers were focused on accomplishing previous contracts. Growers