Reacting on the apparel exports data, for the month of April 2014-15, Mr. Virender Uppal, Chairman AEPC, remarked, “This is the first month of the 2014-15 and Apparel Exports have recorded the growth of 14.33% compared to the April month of last financial year. The export for April 2014-15 is to the tune of US $ 1.3 billion compared to US $ 1.1 billion in the 2013-14 over April month of the previous year.” Appreciating the role of garment exporters Mr. Uppal stated that, “Indian garment manu

Country's cotton yarn exports for 2013-14 are expected to be around 1,350 million kgs valued at $4.70 billion. A study conducted by the Cotton Textiles Export Promotion Council (Texprocil) has said that India's cotton yarn exports are meeting their targets, in spite of seasonal fluctuations generally witnessed every April and high raw cotton prices. Statistics by Texprocil show that India exported 1,082 million kgs of cotton yarns valued at $3.75 billion in the first 10 months (April-Janua

Since the collapse of Rana Plaza building in April last year, a total of 174 readymade garment factories had been closed down due to lack of orders and non-compliance with the rules. Of the total, 30% factories were subcontractors, according to Bangladesh Garment Manufacturers and Exporters Association. At least 95,000 workers, mostly women, were thrown out of work following the closure of the garment factories. Of the total, around 15% had been able to manage jobs and the rest had to go b

The amount of investment from Hong Kong within three years has increased by more than US$ 589 million while the majority of funds flow to the production operated under the piecework system. Within three years under the new government’s term from the fiscal years 2010-11, 2011-12, 2012-13, Hong Kong investment rose from more than $ 5.9 billion in the fiscal year 2010-11 to more than US$ 6.5 billion in the fiscal year 2012-13, a net rise of $589 million, according to the Directorate of Investm

The production of textile industry in Spain registered a fall of 0.2 percent year-on-year, for the month of March, 2014, as per the latest Industrial Production Index (IPI) data released by the National Statistics Institute (INE). According to the INE data, the decline in the IPI registered in the textile sector of the country during the month of March is slightly lower than the 3.6 percent fall recorded during the month of February 2014. The IPI in the Spanish garments sector also incurr

The exports of cotton yarn from India in fiscal year 2013-14 are likely to be around 1.35 billion kg worth US$ 4.7 billion, according to a study by the Cotton Textiles Export Promotion Council of India (Texprocil), reports Business Standard quoting PTI. India exported 1.082 billion kg of cotton yarn valued at $3.75 billion in April-January 2013-14 period, Texprocil data shows. The study says that high quality is ensuring firm orders for Indian yarn from international markets. Is sees the c

Production line of a FDI enterprise (Photo: VNA) Footwear exports reached 730 million USD in April alone, bringing the total export turnover of the products in the first four months of this year to nearly 2.9 billion USD, up 21.9 percent on year-on-year basis.The export of bags, suitcases, umbrellas and hats climbed to 821 million USD in the reviewed period, up 48 percent against the corresponding time in 2013.The earnings from footwear exports to the traditional markets of the US, Japan, B

Illustrative image (Photo: VNA) The Vietnamese apparel sector earned nearly 6 billion USD from exports in the first four months of 2014, a 20 percent rise over the same period last year, according to statistics from the Ministry of Industry and Trade. Le Tien Truong, Vice Director of the Vietnam Garment and Textile Group (Vinatex), said the sector’s strong growth was foreseen right from the beginning of the year as their was a surge in the number of orders. Currently, many enterprises

A small number of local exporters can meet the stringent requirements for environmental sustainability that Vietnam’s key export markets are applying to this product, Vietnam National Textile and Garment Group (Vinatex) has warned. Deputy general director Dang Vu Hung of Vinatex told a conference on environmental criteria for garments and textiles in HCMC on Monday that only 5-10% of the 200 affiliates of the group could meet those criteria that more foreign importers were placing an emphasis

Representatives of the textile sector urged the government to urgently address the issues faced by them. PHOTO: FILE Industry representatives asked the government to allow a 10% compensation rebate on exports from March to September, exempt export purchases from sales tax, reduce cost of business, inject liquefied natural gas (LNG) into the system and link markup with the London Inter-bank Offered Rate (Libor). Pakistan Textile Exporters Association (PTEA) Chairman Sheikh Ilyas Mahmood wa