Tamil Nadu Pollution Control Board (TNPCB) personnel have demolished two textile dyeing factories which were running without license and for discharging untreated effluent into the drains. TNPCB, based on the information that two textile dyeing factories are functioning in the suburban Poosari Thottam without license and discharging untreated effluent into the drains, demolished it last evening. Cases were also registered against the factory owners. Source: Business Standard.

Bangladesh is still the first choice for apparel sourcing after China, but other countries are fast catching up, McKinsey & Company, a global management consulting firm, said in its latest report. The report styled 'Sourcing in a volatile world -- the East Africa opportunity' singled out Ethiopia, billing it as the one to watch out for -- for the first time. The positive outlook on Sub-Saharan Africa is being spurred by anticipated long-term growth in the region's employable population

The Chinese central bank's decision to cut banks' reserve requirement ratio (RRR) will be good for growth, reduce financing costs, and aid the real economy, analysts believe. The RRR will be cut by 100 basis points (bps) from Monday, the second across-the-board cut this year and the biggest reduction since November 2008. Economic data in the first quarter has been poor, with growth slowing to 7 percent, the lowest rate since 2009. Tighter margin trading rules were announced on Friday.

The value of the textiles and fabrics trade in Dubai in 2014 was around $4.47 billion (AED16.4 billion), with $2.76 billion (AED10.14 billion) in imports, $ 35 million (AED1.3 billion) in exports, and $1.5 billion (AED 4.22 billion) in re-exports, the UAE’s official news agency WAM has reported. In a statement to WAM, the director of Strategy and Corporate Excellence Department at Dubai Customs, Ahmed Abdul Salam Kazim, said that the results were issued by the department in conjunction with t

The Ministry of Commerce of People’s Republic of China (MOFCOM) on 21 April announced that it will start sun-set review on the anti-dumping duty applicable on polyamide-6 chips originating from US, EU, Russia and Taiwan following a requisition made by domestic producers of polyamide-6 chip in China mainland. The industry has also requested to extend anti-dumping duty. MOFCOM may extend the anti-dumping duty if such imports are alleged to causing damage to Chinese industries. According to repo

The garment industry that transformed the economy and lives of millions of people has itself been transformed. Star/file Success stories are always full of sweet and sour events since achievements do not come on a silver platter. What could be a better example of this than our garment industry? The industry that emerged as a small non-traditional sector in export in the late 1970s has now become crucial to our economy as the main source of export earnings and employment generation. Beginn

Vietnam textile and garment sector having witnessed good growth in exports in 2014 up by nearly 16 percent reaching $24.5 billion is now aiming at total exports of US$ 28 billion to $28.5 billion in 2015. The textile and garment sector is expected to benefit from several free trade agreements (FTAs) that are likely to take effect. Owing to advantages accruing from the FTAs, the textile industry could double the size of production in ten years. However, textile enterprises need to be well pre

India's apparels, home textiles and technical textiles segments are expected to double their market size. According to the latest report by Technopak Advisors, India's leading management consulting firm, textile and apparel exports too are expected to grow from $40 billion to $95 billion by 2023 – taking the total size of the industry to $233 billion from $98 billion. Indian textile and apparel market is estimated to more than double in a decade to Rs $138 billion by 2023, growing from Rs $58

China’s industrial profits for the first two months of this year declined 4.2% year-on-year to CNY 745.24 billion (US$ 121.5 billion), in which, profits of main textile businesses surged 6.4%. During the first two months of 2015, 30 of the 41 sectors surveyed reported year-on-year profit increases, with profit of textile sector surging 8.8% year-on-year, that of chemical raw materials and products rising 1.1%. Major financial data of above-scale industrial enterprises (with annual revenu

Xinjiang Uygur Autonomous Region recently held a symposium on increasing employment by developing textile and apparel industry, on which the targets for 2015 are set. In 2015, the local textile and apparel industry will absorb fixed-asset investment of CNY 27.6 billion, up 187% over last year; add new production capacity of 2 million spindles, 120,000 rotors and 1,500 looms and an apparel production capacity of 50 million pieces and increase the production of home-textiles and carpet by more tha