Vietnam apparel industry to benefit from Trans Pacific Partership agreement (TPP) according to a research report by Standard Chartered Bank. A wave of foreign investment in Vietnam’s textile industry has already begun, ahead of a potential TPP deal. On this basis, Vietnam likely to overtake Bangladesh in the global apparel export market share to become the second-biggest EM apparel supplier after China when its apparel exports swells to US$115 billion. Based on StanChart’s forecast, Vietnam’s

India’s cotton cultivation is estimated to drop by 20 percent in 2015-16 if low price and lower demand continue to remain will discourage farmers to reduce cotton cultivation, after having witnessed a year of record production. In 2014-15, cotton area under cultivation was around 13 mn hectares about 1.5 mn hectares higher than the previous year. While global demand for cotton and cotton yarn dropped in recent months, cotton prices also dipped owing to lack of good quality cotton in the marke

The Garment Manufacturers Association in Cambodia (GMAC) has called on all trade unionists to respect the law and halt violence if they want stability in Cambodia's garment sector. The appeal was made after one of the union leader led strike outside Apsara Garment Co., Ltd, prompting the factory to halt its process.Seang Rithy, President of Cambodia Labour Solidarity Union Federation, was arrested Wednesday and sent to a police station after he led protests for four days from 30-31 Jan. and fro

Centre has released Rs 28 crore for a textile mega-cluster in Mysuru. The cluster for textiles, mooted to be set up in Mysuru, was approved in the 2014-15 Union Budget. Land has been identified for the proposed cluster at Srirampura, on the outskirts of the city, according to the Mysuru-Kodagu MP Pratap Simha.In this connection, Union Textiles Minister Santosh Kumar Gangwar is expected to visit Mysuru on February 8.During his visit, he will inspect the land and hold discussions with the officia

Several Vietnamese companies have received full orders for textile products by the end of the first quarter of this year, according to the Ministry of Industry and Trade. The ministry said that some large firms have also received orders for delivery by the end of the second quarter. In January, the textile and apparel export turnover was expected to be US$1.9 billion, a 1.2 per cent increase year-over-year. The output of textile products has increased, compared with January 2014. The pr

The minister for agriculture, Matia Chowdhury on Sunday said that the country will start farming Bt cotton (genetically modified variety of cotton) from next year. ‘The government will continue its efforts to continue cultivating other genetically modified crops in the country,’ she told a seminar on ‘Bio-technology’ held at Bangladesh Agricultural Research Council at Farm-gate in the city this morning. She said there is no alternative to start producing GM crops for making the country self-

The country’s apparel export to the United States fell by 2.29 per cent to $4.83 billion in 2014 from $4.94 billion in 2013 amid increase in competitive edge of Vietnam, India and Sri Lanka. Experts and exporters said the US buyers shifted orders from Bangladeshi factories that run business on shared buildings due to compliance issue. On the other hand, Bangladesh’s competitor countries gained more space in the US market due to depreciation of their currencies against the US dollar. Viet

Sindh Balochistan Region of All Pakistan Textile Mills Association, has said that Pakistan faces a grave threat of losing its market for its blended yarn at concessional rate from India and Far East. In a press statement, Tariq Saud said that Pakistan’s competitors like India and China have huge industrial base and they are producing all products in the chain, whereas we in Pakistan have the disadvantage of procuring most of our raw materials through imports. This not only reduces our capa

At the opening of the 20th edition of Milano Unica, the Italian Textiles Trade Show, on Wednesday, Italian fabrics have shown to be a driving force promoting general recovery, according to 2014 data on the sector presented at the show. The textile industry in 2014 started growing again in recession-battered Italy, posting 3.8% production gains with revenues exceeding eight billion euros, according to the Sistema Moda Italia research center. The result was made possible thanks due to the gr

Leading the way for digital innovation within the fashion industry once more, luxury fashion house Burberry has announced the launch of a new global partnership with Line, mobile app corporation, to offer the live stream of its upcoming Prorsum Women's Wear show directly from London exclusively to Line users in Japan. The heritage label aims to use the real time technology to bring its users closer to Burberry, as part of it new strategic plan in the country, which includes to replacing the b