An Ugandan textile manufacturer is pushing for the implementation of a national textile policy in order to compel government institutions to buy textiles from local companies, NewVision reported. Vinay Kumar, the general manager for Nyanza Textile Industries Limited (Nytil), said that once implemented, the policy would enable textile companies’ access to concessional financing for investment.Although the Government of Uganda has announced the five year national textile policy, it has not yet be

LT Textile Cooperatief UA, a Dutch textile firm, is set to invest US$ 55 million in 2015-2016 to create modern textile capacities in Karshi district of Kashkadarya region, in Uzbekistan. The Government of Uzbekistan has approved the investment agreement between the Ministry of Foreign Economic Relations, Investment and Trade of Uzbekistan and LT Textile Cooperatief UA to provide specific obligations to the foreign investor for the modern high-textile production project, and has provided 30 he

A group of high-end retailers in the United States have teamed up with Alipay, which will enable online shoppers in China to purchase goods through Alipay's ePass. Alipay is China's largest third-party payment service. Merchants participating in the first Black Friday promotion include Saks Fifth Avenue, Neiman Marcus, Bloomingdale's, Macy's, iHerb, Gilt, Ashford, Ann Taylor, American Apparel and Aeropostale. The ePass payment option will allows Chinese shoppers to buy goods in yuan. Ali

With China and Bangladesh becoming costlier and unviable day-by-day, India is gradually garnering its share in apparel exports to the US. India saw a rise in apparel exports to the US by 7.5 per cent at 745 million square metres equivalent (msme) for the period January-September 2014 over the corresponding period last year, as per the latest data by the US Department of Commerce's Office of Textile and Apparel (OTEXA).As against this, China and Bangladesh posted 3.9 per cent and -4.63 per cent

The garment makers' platform will host Dhaka Apparel Summit next month, as part of its mission to hit the $50 billion mark in clothing exports by the 50th anniversary of the country's independence in 2021. In fiscal 2013-14, Bangladesh exported garment products worth $24.5 billion. “We will need to grab an additional 3 percent share of the global garment trade to reach the $50 billion mark in the next seven years,” said Atiqul Islam, president of Bangladesh Garment Manufacturers and Export

The price index of issue 20141124 of “China • Keqiao Textile Index” closed at 104.00 points, 0.15% lower than that of last period, 1.53% down from the beginning of this year, and decreased by 2.09% YOY. In this period, prices of textile raw material, home textile and apparel fabric increased slightly, while prices of grey cloth and apparel fabric decreased. A. Price of textile raw material had a slight increase. According to statistics, price index of raw material in this period closed at

Indonesia currently ranks ninth in global textiles exports and with the Indonesian textile industry growing steadily, sector players are looking for stronger trade pacts as well as more investment to maintain a competitive edge in the regional and international marketplace. The export target for 2014 is part of national plans to become the number one globally in textile exports by overtaking China, which is shifting its economy from textiles to services. Jakarta is aiming for total export

The textile industry in Russia has an ethical tradition and commands respect in the global market . Though the Russian textile industry faced challenges in the nineties, it is now emerging as a competitive industry. The Russian authorities have invited foreign clothing brands to localize their production in Russia, with new factories being offered long-term tax breaks until 2025, Deputy Industry and Trade Minister Viktor Yevtukhov said. Furthermore, the Industry and Trade Ministry guarantees

Pakistan has exported textile made goods worth of $4.6 billion during four months (July-October) of the financial year 2014-2015 as against $4.7 billion of the corresponding period of the previous year registering decline of 1.54 percent due to the ongoing power crisis faced by the textile sector despite receiving GSP plus status from the European Union. The government was anticipating enhancing country’s exports by $1 billion annually following getting GSP plus status. However, things have m

The Indian suiting fabric specialist Raymond has recently launched a new collection of finest Italian suiting materials suited for both occasionwear and formalwear purposes. Meant for consumers with a taste for luxe global fashion, the premium line entitled Regio ITALIA features quality fabrics in five different blends including Wool silk, Super 180s, Super 150s, Super 130s and Super 120s.Available both in the form of lengths as well as swatch samples, the collection, which would be updated per