Former chairman Pakistan Cotton Ginners Association (PCGA) and renowned ginner of Rajanpur, Amanullah Qureshi said on Wednesday that cotton prices in Pakistan was Rs 500 per 40/kg less than the international market. Talking to newsmen, he said that low rates were given due to the pool system of country’s textile sector. He said that 13 million cotton bales were expected in the country this season and the estimate of 15 million cotton bales production was baseless. Qureshi said that ginners alo

Increasing production costs coupled with low overseas demand are two factors hurting the Indian apparel exports. And neighbouring countries like Bangladesh, Indonesia, Vietnam, Turkey and Mexico are benefiting at the cost of India. The comparatively cheaper rates in these countries are luring overseas importers. Statistics released by the Apparel Export Promotion Council (AEPC) reveal Indian apparel exports fell by 7.2 per cent year-on-year in the month of August and in April-August 2012 period

Pakistan’s export of textile and clothing rebounded for the second consecutive month after posting a decline for at least one year. The increase was mainly driven by a surge in demand from recession-hit key markets of Europe and US, suggested data of Pakistan Bureau of Statistics released here on Wednesday. In absolute terms, export of textile and clothing witnessed a growth of 10.50pc in October 2012, from a year ago. The growth in export proceeds in September 2012 was 12.91pc. The unprec

Next February will kick start the third edition of the London Garments Expo. In the last two years, the trade show has grown immensely, initially showcasing garments manufacturers only. However, LGE’13 will gather garments manufacturing and up and coming designers. The London Garments expo is partnering with the London Asia London Textile Fair featuring Textile manufacturers from around the world for the first time. Moreover, with the introduction of fashion designers, the LGE takes pride in in

According to Binh Thuan Provincial Industrial Parks Management Authority, Korea’s Hansoll Textile has worked with the local authorities to find a location for its textile manufacturing plant valued at around $200 million including weaving and dyeing processes. Japan-funded NSK Vietnam’s garment supporting industry plant in Long Hau Industrial Park in southern Long An province also plans to expand its investment on raw materials supply, Tao Takeda, director of NSK Vietnam told VIR. Vietnam Nati

China's soaring wages and strengthening currency might blunt the competitive edge of exporters that have seen average pay double since 2007, but it won't stop firms worldwide making a collective $100 billion bet on setting up shop here this year. Although foreign direct investment inflows in 2012 have seen the longest monthly run of year-on-year declines since 2009, hurt by a weak outlook for corporate investment and sagging global trade, FDI should still top $100 billion for the third year r

Aokang's persistence in the marathon legal process, as well as its positive outcome, can both boost the confidence of other Chinese businesses trying to defend their interests overseas and offer them practical advice. China’s leading shoe manufacturer, Aokang, has been cleared of anti-dumping charges by the European Commission. The ruling could have implications for other trade disputes. Sunday’s ruling marks the end of a six-year anti-dumping investigation surrounding Aokang’s leather shoe

Selena Gomez has teamed up with adidas NEO Label to become its new global style icon and guest designer for a three-year partnership that runs until the end of 2015. Beginning autumn/winter 2013, the actress and singer will work with the brand to design seasonal ranges. In addition, Selena is fronting seasonal campaigns, appearing across print, digital, retail, and outdoor. To mark the announcement , Selena features in a one minute video painting Los Angeles green with NEO-coloured paint, poster

A model poses on a catwalk during a fashion show organized by Greenpeace in Beijing on Tuesday, which exposed toxic residues found in clothing from fashion brands. Photo: courtesy of Greenpeace Hormone-disruptive chemicals and dyes that release cancer-causing substances have been found in clothing from world-leading fashion brands including Zara and Calvin Klein as well as local brands VANCL and Metersbonwe, according to a report released by Greenpeace in Beijing on Tuesday. The environmental