Bangladesh, the world's second largest cotton importer, has invited buyers and sellers to a two-day global summit from next Friday to help support its textile and clothing exports. The sector accounted for $24 billion of Bangladesh's $25 billion of goods exports in the fiscal year to end-June 2014. "We plan to raise our ready-made garments and textile exports to $50 billion by 2021," Tapan Chowdhury, the President of Bangladesh Textile Mills Association told a news conference on Wednesday. B

Pakistan textile and clothing exports during July-February had witnessed a nominal increase of just 0.47 percent as proceeds reached $9.179bn as compared to $9.136bn a year ago. But in February 2015 it has plunge to $1.087 billion compared to $1.119bn a year ago, a decline of 2.91 per cent, as per Pakistan Bureau of Statistics data on Friday. Product-wise details show that export of low value-added products, such as cotton yarn, dropped by 0.69pc; cotton cloth 15.47pc; cotton carded 89.25pc;

The Ministry of Textiles proposes to put a limit on the amount of exportable cotton per year and a 10% duty on the export of cotton over and above this exportable surplus. According to official sources, it was a budget suggestion so as to build a long term reservoir of cotton for the domestic industry.“Even if the cotton production is high this season, it is no so every year.With a ceiling put on the amount over and above which cotton can be exported, domestic demand cotton users will be assure

Higher arrivals of phutti (seed cotton) during the third and the last picking, when the flow normally starts slowing down, have helped the country produce 14.785 million bales so far, a growth of 10.59 per cent compared to 13.369m bales in the same period last year. During March 1-15 fortnight, 79,942 bales reached ginneries from cotton fields compared to 40,960 bales in the comparable period of last year. Official figures released by the Pakistan Cotton Ginners Association (PCGA) on Wedne

The North-American Association of Uniform Manufacturers & Distributors (NAUMD) is a trade association representing the interests of all parties in the uniform & image apparel industry announced its 2015 Convention and Exposition for leaders in Public Safety apparel & accessories. COTTON USA to host a delegation of Latin American uniform garment manufacturers at the 2015 NAUMD. At the Expo COTTON USA will prominently display the capabilities in uniform manufacture and design of co

The first Global Cotton Summit Bangladesh 2015 to showcase cotton and provide buyers and sellers with the opportunity to share their thoughts will begin in Dhaka tomorrow. Bangladesh Textile Mills Association (BTMA) and Bangladesh Cotton Association will jointly organise the two-day event at Radisson hotel. Over 250 delegates from Bangladesh, India, Poland, US, Russia, Pakistan, China, UK, Turkey, Egypt, Switzerland, Singapore, Hong Kong and France will join the summit, BTMA President Tapa

Longwood based textile company Wooltex UK to extend its premises to meet rising demand. The move, which is awaiting planning approval, will add 40,000sq ft to its existing 65,000sq ft of space that will create more space for additional machinery and increase manufacturing capacity in the areas of warping, weaving, fabric finishing and sample making. The expansion drive represents a multi-million pound investment for the company. Managing director Peter Timmins said that the company had grown

Hennes & Mauritz, the world’s second-biggest fashion retailer, reported a better than expected 15 per cent sales rise in February, a fifth straight month of double-digit growth and a boost to its shares. Analysts had on average forecast a 13 per cent increase in sales in local currencies. H&M shares were up 2.1 per cent at 8:25 a.m. following the sales report, outperforming the European retail sector which rose 0.7 per cent. The Swedish budget fashion retailer said net sales in D

In the face of sluggish export orders of knit products the price of local yarn fell by 15 per cent over the last two months as international buyers are not feeling comfortable to visit Bangladesh due to political instability, industry people said. Slow demand due to political turmoil and fall of cotton price on the international market are the two prime reasons for the price fall of yarn, said its manufacturers. According to the spinners, the price of yarn decreased to $2.80 a kg from $3

Eco-textile company Offset Warehouse recognizes the banana’s potential and currently partners with an NGO in Nepal to ensure banana fabric production supports the artisan sector by relying on local skills, and that workers are paid fairly and operate in safe conditions. Offset Warehouse’s founder Charlie Ross said that the material is perfect for jackets, skirts and trousers. The fabric is claimed to be nearly carbon neutral and its soft texture has been likened to hemp and bamboo. Carmen