Garment exports bounced back in August, as earnings grew 3.17 percent year-on-year to $2.28 billion, according to data from the Export Promotion Bureau. Exports from the sector started increasing in April thanks to an end to prolonged political unrest. In July, exporters earned $2.21 billion, a drop by 11.96 percent year-on-year. In the July-August period, exports from the sector grew 6.15 percent year-on-year to $4.50 billion. Overall export earnings in August grew 27.73 percent year-o

H&M will introduce a "fair wage method" in 20 garment factories in Bangladesh this year to help improve productivity and factory conditions and combat unrest in the plants that make apparel for the Swedish retail giant. The move by Europe's second-largest clothing retailer comes as part of a programme for three of its Asian suppliers -- Bangladesh, China and Cambodia. H&M, which has 3,649 stores across 59 markets, is introducing the system to a total of 68 factories in China, Cambo

According to the development and reform commission of Xiangyang City in central China’s Hubei Province, six cotton spinning projects, each costs more than CNY 100 million, ran into production in the second quarter of this year. These six projects are: the combing-compact spinning project of Hubei Xinguoyuan Cotton Textile Co., Ltd., which includes 80,000 square meters of new workshop building and associated facilities and a new combing-compact spinning line; the 35,000-spindle compact spinni

The U.S. has remained Vietnam’s largest export market among 200 countries and territories worldwide, a position it took over from the EU, which had held it since 2012, at the end of last year. According to official figures from the General Statistics Office (GSO), Vietnam earned $28.5 billion from shipments to the U.S. in 2014, up 19.6 percent compared with 2013. Vietnam ran a US$17.2 billion trade surplus with the U.S. in the first eight months of this year, a 20.3 percent rise from $14.3 b

Algerian-Turkish partnership agreement was signed on integrated textile complex project in south-western province, Relizane (300 km southwest of Algiers) on Thursday. The Minister of Industry and Mining Abdeslam Bouchouareb chaired the signing ceremony. The agreement was signed by the chief executive officer of the national public group of clothing industry CH, Mohamed Bouchama, and the CEO of the Turkish group, Taypa Mesut Toprak, specializing in textile. The complex project estimated at

Over the past couple of years, both the central government and the local government of Xinjiang Uygur Autonomous Region have staged a series of favorable policies to support the development of local textile and garment industry, attract textile and garment enterprises from outside Xinjiang to invest and set up mills in Xinjiang. All these efforts have promoted the fast development of local textile and garment industry. It is predicted that the local textile industry will have more than 10 millio

The recovery in spun yarn exports is here to stay. Continuing with the significant rebound in June, July too posted a higher growth. Export grew sharply by 35 per cent in volume terms while the rise in value term was 16 per cent. The growth again emerged from the retained momentum of imports of yarns by China from India. For the second month in a row, China’s import of Indian spun yarn jumped in July. However, overall unit value realization continued to inch down hovering in the range of US$2.93

Bangladesh’s RMG export in terms of volume has registered over 58% rise in last fiscal year, but the value was affected by retailers’ low price offer and devaluation of euro. According to Export Promotion Bureau data, the country exported 1.57bn units of apparel products to global market in FY2014-15 with 58.17% up from 993m units a year ago. Of the total RMG exports, woven products were 757m units compared 485m in the previous year and knitwear products amounted to 815m units compared to

Textile industry body Cotton Textiles Export Promotion Council (Texprocil) has urged the government to extend benefits for garments exporters some more time to help them compete with players in the countries India has signed free trade agreements (FTA) with. R K Dalmia, chairman of Texprocil, said that considering the infrastructural disabilities, cascading effect of un-rebated taxes, high cost of inputs and preferential benefits granted to our competitors, the government has to play an impor

Cotton prices rose for the second day on Saturday on the back of short supply of phutti (seed cotton) and sustained demand from spinners for quality lint. Floor brokers said there was panic buying from some spinners after first phutti arrivals report for the current cotton season shows a huge production shortfall of around 24 per cent. On the other hand, growers have started to hold back their phutti anticipating higher prices in the coming days. Similarly, phutti prices also moved higher