Spinning and weaving factories across the country suspended production on Wednesday in response to a ‘token’ one-day strike call of All Pakistan Textile Mills Association (Aptma) to press for early announcement of the proposed relief package for the textile sector. In Lahore, the textile factory-owners and workers wearing black armbands also set on fire Indian yarn and fabric outside the mills. There were reports of demonstrations by millers and textile workers from many cities. Aptma-Punj

A shorter winter in Europe coupled with the devaluation of the euro led sweater exports from Bangladesh to drop 3.54 percent last fiscal year, although exports of other apparel items rose. Bangladesh exported sweaters worth $2.82 billion in fiscal 2014-15 compared to $2.93 billion in the previous year, according to Export Promotion Bureau. Sweater exports have been fluctuating for the last few years for shorter winters in the West, especially Europe, exporters said. “Besides, customers

The Indonesia Investment Coordinating Board (BKPM) has launched a special desk to solve issues related to textile and footwear industries, as per Indonesian media reports. Many textile and footwear industries in Indonesia have been facing problems of layoffs and shutdowns due to economic slowdown. The special desk is expected to help these industries secure their businesses and prevent layoffs. “We received reports that 13 textile companies face problems, 8 of which plan to reduce product

Over the next 5 years, Vietnam's clothing and textile industry will be able to avail of loans up to $2 billion from the Bank for Investment and Development of Vietnam (BIDV)to increase their productivity and achieve their potential, a Vietnamese newspaper has reported. At a recent conference in Hanoi, BIDV Chairman Tran Bac Ha said, “BIDV has committed to providing loans of up to $2 billion to support domestic companies in the clothing and textile industry over the next five-years.” He als

Pakistan Japan Textile Day was organised by The Japan International Cooperation Agency (JICA) and Trade Development Authority of Pakistan (TDAP) on October 12, 2015 with several business generating events for the Pakistan textile industry such as workshop/seminar, B2B Meetings, Networking Reception in Lahore for the upcoming Japanese textile delegation to Pakistan. The delegation comprises experienced Japanese buyers. Addressing the textile event, Japan Textile Importers Association (JTIA) Se

Bangladesh businesses have proposed to set up a textile park in the Indian state of Gujarat, reports Times of India. They plan to set up the park in Kadi near Ahmedabad with an initial investment of Rs 240-300 crore. To begin with, the park will have spinning units with cumulative capacity of 1 lakh spindles. Bangladesh has sought around 100 acres of land from the state government for the project. Last month, a high level trade delegation comprising representatives of the Federation

The Indonesia government aware of the threat from Trans Pacific Partnership (TPP) toward its manufacturing products especially textile and textile products (TPT) would be focusing on strengthening the competitiveness of the national industry before joining the free trade pact, TPP, said Indonesian Trade Minister Thomas Lembong on Friday. According to the Indonesian Textile Association (API) data, Indonesia exported textile and textile products worth US$12 billion last year. The biggest market

The Indian textile industry has started facing problem as competing nations like Pakistan, Vietnam, Cambodia, South Korea, Bangladesh started getting larger benefits and open window market access. Textile industry to enhance its exports wants low tariffs or duty free access. C K Narayanasaami, Chairman, SIMA Cotton Development & Research Association and K Selvaraju, Secretary General, Southern India Mills' Association (SIMA) met the Commerce minister Nirmala Sitharaman during her visit t

The textile industry has decided to observe a ‘Black Day’ on Wednesday against the delay in announcement of a relief package promised by Prime Minister Nawaz Sharif last month. Around 400 members of the All Pakistan Textile Mills Association (Aptma) will keep their factories closed to protest against the high cost of inputs including energy and delay in the announcement of an incentives package. In a hurriedly called press conference, Aptma Central Chairman Tariq Saud urged the governmen

The new Chairman of the All-Pakistan Textile Mills Association (APTMA) Tariq Saud has that six major sub-sectors of textile industry have closed down owing to energy crisis, high cost of doing business and inconsistency in government policies, Pakistani newspapers have reported. He said around 30 per cent or $3,467 million worth of the textile industry’s production capacity is not operating which was negatively impacting export growth. “Due to underperformance of the textile industry, he s