Korean investors are showing greater interest in Vietnam’s textile and garment sector. In early June, a big fibre manufacturing plant was launched in the southern province of Dong Nai, marking a growing presence of Korean investment in Vietnam’s textile and garment sector. The $52 million project, belonging to Dong-IL Vietnam Limited under the Dong-IL group, is located in Dong Nai’s Loc An-Binh Son Industrial Park and is Dong-IL’s first project in the country. The plant has an estimated

China's quality watchdog on Friday said that it had stopped 1,859 batches of unqualified clothing last year. Some 22,472 batches were examined in 2013, and 8.27 percent of them failed to meet the quality standards, the General Administration of Quality Supervision, Inspection and Quarantine (GAQSIQ) said in a report on its website. For labelling, safety or environmental protection reasons, the batches were either returned or destroyed, said the GAQSIQ. Source: Xinhua.

Senior Vice Chairman APTMA Akbar Seth has said the textile industry crisis is set to endanger the cotton economy, as reduction in productivity will make difficult for milers to procure cotton ahead. According to him, chances are high the cotton farmers will not be able to get even production cost if energy crisis persists for another month. The cotton farmers will set their crop ablaze in case they failed to get appropriate price. He was addressing a press conference on Wednesday evening along

Demand for cotton will remain stable in the country as Indian and Chinese investors are relocating their textile companies to Bangladesh, the Economist Intelligence Unit (EIU) said. Low costs will offer incentives for companies to relocate to Bangladesh, it said. Cotton consumption in Bangladesh moves largely in tandem with activity in the textile sector, which is currently booming, the EIU said. “After growing by an estimated 14.3 percent in 2012-13, we expect the consumption growth to

Higher ending stocks outside China and lower imports into China will put downward pressure on international prices in 2014/15. Additionally, world production is likely to exceed consumption in 2014/15, though by a lesser amount than in the past four seasons. As a result, world ending stocks are expected to rise by 6% to 21.4 million tons and the stock-to-use ratio would be 89%, or in other words there would be enough cotton stocks to cover consumption for nearly 11 months. This would be the fift

Despite duty-free market access granted to Pakistan by the EU countries under GSP Plus status from January 2014, the exports of several textile items including towel, synthetic textile and cotton yarn, are still showing negative growth. As per data, the exports of synthetic and silk textile during the concluding fiscal year of 2013-14 were recorded at $348.39 million compared to $369.17 in 2012-13, showing a decrease of 5.63 percent. However, the exports of all other textile products increase

Despite attaining a much-desired GSP plus status, the country could earn just $1.768 billion in July-May period of fiscal year 2013-14 through the export of readymade garments, exporters said on Tuesday. The country's total export of readymade garments during July-May 2013-14 witnessed a meagre increase of $128 million (8 percent) from $1.640 billion in the same period last fiscal year, official figures say. The exporters said that the 8 percent increase was not an impressive growth consider

President Pranab Mukherjee on Tuesday called for urgent steps to develop the textiles sector, saying its products are vulnerable to competition from cheaper imports and machine-made substitutes. He said there should be "concerted and collective" steps to safeguard the interests of the handloom and handicrafts sector, including facilitation of easier access to credit. Besides, he said, promotion of handloom and handicraft products in domestic and foreign markets and research for developing

State-owned jute mills under the Bangladesh Jute Mills Corporation incurred loss of Tk 383.87 crore in the 2012-13 fiscal, after making profit in the previous two fiscal years. Textiles and jute minister Emajuddin Pramanik stated this in parliament in reply to a starred question of Sharif Ahmed. Source: New Age BD.

Craving a mobile phone but unable to afford it, a boy, not even in his teens, dropped out of school in his Rajasthan village to join friends working at a cotton plantation in neighbouring Gujarat. What followed was a harrowing two months that not only shows how child labour is flourishing but the inhuman conditions and near-torture thousands of such minors across the country undergo. Lakshman Lal Kharari, a 12-year-old from Bhesana village in Jhadol block, around 40 km from Udaipur, was on