Turkmenistan plans to streamline its textile industry to increase the manufacturing of competitive products and attract investment in this industry as it holds an important place in its economic system, the country’s President Gurbanguly Berdimuhammadov said. Turkmenistan traditionally grows cotton, which serves as a basis for developing the textile industry. The annual turnover of the textile industry is about $400 million as of 2014. During the last meeting of the Cabinet of Ministers, t

Brazilian cotton prices were recovering in early June driven by increasing need to purchase in the short-term and to the expectation of delay in the availability of cotton in the new season from the 2014/15 crop – due to rains. Purchasers with needs for prompt delivery, such as processors in the northeastern and southern regions, were accepting asking prices of sellers, according to a CEPEA Brazil report. The CEPEA/ESALQ Index, with payment in 8 days, for cotton type 41-4 (including freight t

Indian textile exports, especially apparels and denim, may be hit with the signing of largest free trade agreements, the Trans Pacific Partnership (TPP) agreement which the United States is in advanced stage of signing with 11 countires, including Japan, Australia, Vietnam, Singapore and Cananda to enhance trade and investment among the TPP-member countries, promote innovation, economic growth and development, and support the creation and retention of jobs, apart from providing comprehensive mar

China's exports of textiles and apparel dropped by 6.3% from a year earlier to US$ 23.4 billion in this May, the General Administration of Customs (GAC) said recently. In May, the export of textiles dropped by 3.9% to US$ 10.05 billion and that of apparel dropped by 8% to US$ 13.35 billion. If calculated in CNY, the export of textiles dropped by 4.2% to CNY 61.64 billion and the export of apparel reduced by 8.3% to CNY 81.9 billion. In the first five months of this year, China's expo

In an effort to reduce dependency on import of fashion clothing, the country’s apparel industry has started creating brands for local market. After meeting local demand, the manufacturers also plan to export the products of locally created brands. Targeting the young customers mostly, the brands will have a native taste integrating folk arts and Bangali tradition. The design makes a fusion of the East and the West to provide the consumers with a one stop solution to global fashion trend

Despite being the second largest RMG exporters to the global market, the country’s children’s wear market depends nearly 60% on the import due to shortage of skilled fashion designers let alone quality and latest designs. During a visit to several shopping malls in the capital, the Dhaka Tribune found that most child wears sold in posh markets are imported from China and India, and to some extent, from Malaysia and Thailand. The locally made and export-oriented children’s clothing are foun

Twelve people have been confirmed dead and two remained missing after a shoe factory collapsed in east China's Zhejiang Province on Saturday, local government said. Another 33 were injured in the collapse, four of whom were seriously hurt. According to the local police, 56 people, including 51 employees of the shoe factory, were in a four-story building in Folong Village, Wenling City, that collapsed at around 4 p.m. Saturday. Nine escaped the accident without injury. "There was no prem

A delegation of Chinese wool industry representatives hosted by British Wool Marketing Board (BWMB) are on a visit in UK and are checking out key aspects of the UK wool supply chain. “The delegates are in UK to gain a greater understanding of the wool industry as a result of the significant increase in the volume of UK wool exported to China in recent years,” BWMB CEO Ian Hartley said. “With exports of British Wool to China now accounting for about 30 per cent of auction sales it is import

An 110,000-spindle plant backed by investment of 350 million yuan ($57 million) kicked off construction in Hutubi county. It is the third plant Henan Xinye Textile Co Ltd will have established in Xinjiang in the past 12 months. The three plants will employ 3,000 people in 3-5 years. Understanding the potential for cotton production in Xinjiang and the vast market in central Asia, the company purchased a bankrupt textile company in Hutubi county last January. Luo Rongqing, deputy general

Vietnam becomes the world’s fourth largest textile exporter having earned an estimated US$12.18 billion in the first half of this year from these products – a year on year (YOY) increase of 10.26 percent. The industry is well on its way to meet its export target of US$27-27.5 billion set for 2015, according to the Vietnam National Textile and Garment Group (Vinatex). The three largest importers of Vietnamese products are United States – with a YOY growth rate of 11.01 percent, followed by Sou