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B&R: Right automation partner for guaranteed success
Integrated automation solutions, dedicated support and service activities with a lot of experience in working with market leaders in textile industry globally make B&R an ideal automation partner.
Pak textile exports post dismal 0.68% growth
Pakistan’s textile and clothing exports recorded a meagre 0.68 per cent year-on-year surge to $1.139 billion in December 2018, taking the six-month (July-December FY19) exports to $6.645 billion up 0.06 per cent.
Textile exports likely to miss $45bn target
Textile exports are likely to miss the $45 billion target for 2017-18, as the industry reels under the impact of GST roll out and tariff advantages enjoyed by competitors like Bangladesh and Vietnam, according to textile industry body CITI.
Vietnam heading for big growth
Strong growth is predicted for the Vietnamese textile and clothing industry, according to a new report from the global business information company Textiles Intelligence – Prospects for the textile and clothing industry in Vietnam.
2016 THE YEAR THAT WAS
Textiles in the first six months grew at an average of 1.4 per cent and in the last six months of the FY, it accelerated at an average rate of 3.4 per cent.
Vietnam’s T&C export to rise 7%
Vietnam’s exports of textiles and clothing are projected to increase by 7 per cent this year to $29 billion, far below the trade ministry’s previously-targeted $31 billion and the lowest growth in the last decade.
Need for improved manufacturing environment
The Indian textile and clothing industry is very old and plays a very important part in the Indian economy. Except China, no other nation can match the size, spread, depth and competitiveness of the Indian textile and clothing industry. Liberalisation also has given the much-needed push to the textile industry, which has now successfully become one of the largest in the world. It has a complete value chain from the production of raw materials to the manufacture of finished goods.
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