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Indian textile sector on upswing: Ind-Ra
The domestic demand for textiles is likely to remain robust from end-user segments, supported by a strong rise in private consumption expenditure during the rest of FY19.
Pakistan textile exports drop 16%
Pakistan’s textile exports dropped 16.1 per cent to $1.002 billion in July 2018 compared to shipments recorded in June, which stood at $1.194 billion.
Rupee’s low: Exports gain, imports drain
India’s trade deficit in July widened to the most in more than five years, worsening the outlook for the rupee that hit a record low a couple of days back.
India’s new RoO move to hit Bangla RMG export
A recent Indian government’s move to introduce rules of origin (RoO) in the name of protecting its local garment manufacturers might severely hurt Bangladesh’s export growth to its neighbour.
Govt cuts garment exports target to $45 bn
The Government has trimmed the textile and clothing export target to $45 billion for the current fiscal. Total shipments in the last fiscal missed the initial target of $48.5 billion by a huge margin
Tekstil Trans opens textile factory in Kyrgyzstan
Tekstil Trans Ltd has opened a new textile factory on February 1 in Kyrgyzstan’s northern Chui province. Kyrgyzstan’s Prime Minister Sooronbai Jeenbekov at the opening ceremony, said that opening of this enterprise will help reduce Kyrgyzstan’s dependence on the import of textile products, namely fabrics, which will allow lowering the production cost of domestic sewing industry.
2 African markets hold vast scope for MMF textiles
Come March, the Synthetic Textile Export Promotion Council (SRTEPC) will be participating in exclusive Indian Textile Exhibitions (INTEXPO) in Ethiopia (March 6th & 7th, 2017) and Kenya (March 9th and 10th, 2017).
EU closer to textile accord with Uzbek
The European Parliament is poised to approve a textile agreement with Uzbekistan, which is expected to lead to an increase in textiles imports from the country, despite ongoing concerns about the use of forced labour in cotton harvest.
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