India has been able to achieve, in fact overshoot its targets set in the previous fiscal year 2013-14 for exports from its textile and apparel sector. Albeit, the target for 2013-14 at $34 billion was down US $4 billion from the target set in its previous fiscal year 2012-13, however exports from the sector managed to cross $39 billion in 2013-14. However, textile and apparel exports had a poor showing in 2012-13. Against a target of $38 billion, they could reach only $34.93 billion, accor

Signalling a positive shift in investor sentiment in India's textile industry, the country attracted $198.86 million foreign capital in the sector during April-March 2013-14, up 91.41 percent. The country had attracted foreign direct investment (FDI) of $103.89 million during April-March, 2012-13. According to the Textiles Ministry, the FDI inflow in the sector so far stood at $11.70 million during April-May, 2014-15. "The government is implementing various schemes to ensure the maximum

Despite some unfavourable numbers in July, Bangladesh's outlook on garment exports is bright this year too, with high demand from western customers due to competitive prices, industry insiders said. Exports of woven garment declined by 4.14 percent to $1.21 billion in July, and knitwear export grew only by 4.32 percent to $1.3 billion, according to the Export Promotion Bureau. Also, garment exports grew a tepid 0.1 percent last month from a year earlier, the smallest increase in 23 months,

The Vietnamese leather, footwear and handbag industry has more room for export development due to increased market demand and shifted production orders to Vietnam , the Vietnam Economic News reported on August 15.According to the Vietnam Leather and Footwear Association (LEFASO), the leather, footwear and handbag industry has enjoyed many development opportunities as import demand from foreign markets especially the US market is recovering and Vietnam ’s competitiveness in the EU market has impr

Textile export has ranked second and made up 15 percent of total national export turnover, however Vietnam textile and garment industry has heavily relied on importing raw materials, hindering the industry to develop in a sustainable manner, said the Vietnam Business Forum Magazine (VBF). According to the Vietnam Textile and Apparel Association (VITAS), the Vietnam textile supply chain is currently focusing heavily on exports (making up 86 percent of production capacity), and greatly dependi

Chairman APTMA Punjab S M Tanveer has apprehended serious impact on commerce and industry if prevailing uncertainty in the country looms large. Specially, he said, the textile industry cannot sustain any kind of uncertainty for long due to its international exposure being an export-oriented industry. Also, millions of workers are affiliated with textile industry in Pakistan, which is also a major consumer of cotton within the country. He said continuity of economic activities in the country

Various stakeholders in the cotton industry, including traders and spinners, today discussed the challenges being faced by them. A two-day conference on 'Indian Cotton Scenario in the Current Context 2014-15' has been organised by the Indian Cotton Federation here. Dhiren Seth, President of Mumbai-based Cotton Association of India, said he wanted the industry to push and lobby for implementation of Goods and Service Tax, which "would revolutionise the entire industry". "Moreover, the

Cotton production is expected to cross 400 lakh bales next season (October 2014 to September 2015), according to trade representatives. Anand Popat, Secretary of Saurashtra Ginners’ Association, and Dilip Patel, President of All Gujarat Cotton Ginners’ Association, told The Hindu here on Wednesday that total cotton production next season was estimated to be 404 lakh bales. Since monsoon was delayed, cotton arrivals would be late by a month. Production in Gujarat was expected to be 135 lakh ba

The Dinh Vu Polyester Fibre Plant exported nearly 5,500 tonnes of products to the European market in its first three months of operation, according to the Ministry of Industry and Trade. The plant has so far produced 15,500 tonnes of products, more than 8,600 tonnes of which were sold. Product quality has been tested and is equal to that of Thai, Taiwanese and Chinese products. Covering 15 ha in Dinh Vu Industrial Park in the northern port city of Hai Phong, the US$325 million plant has a

The country is likely to miss cotton production target of 15.1 million bales set for the current season 2014-15 after failing to meet the sowing target by 6 per cent and attacks of sucking insects on the crop, official sources reveal. Sources in the Ministry of Textile Industry told Business Recorder that cotton sowing remained 6 per cent below the target however it was 4 per cent more than the last season. However, Cotton Commissioner Dr Abdullah said that as compared to the previous season