A group of US-based garment retailers has threatened to shift work orders from Bangladesh to other destinations if political deadlock does not end soon, BGMEA President Atiqul Islam said yesterday. "The retailers said they are thinking of an alternative to Bangladesh as the ongoing blockade is hampering timely shipment of garments," Islam said, quoting an email he received from some retailers yesterday. The buyers also said they will not travel to Bangladesh to check samples of goods due t

With a drop in Chinese demand for cotton and cotton yarn during this financial year, stocks available in the domestic market of India have increased. Though the domestic demand continues to be good for yarn and export to other countries is on, there is a fall in prices because of the increase in stock availability. According to the industry sources, this trend too depends on the variety of cotton yarn. Export demand for cotton and cotton yarn is expected to revive soon as the Chinese policy o

Heimtextil 2015 closed its doors after reporting a rise of around three per cent in the number of visitors over the previous year. “More than 68,000 trade visitors as against 66,265 in 2014 were delighted with the high quality of the products and their designs, and kept exhibitors busy throughout the fair,” Messe Frankfurt, the show organiser said.At the 2015 edition, 2,759 exhibitors from 68 countries took part compared with 2,714 from 62 countries in the 2014 edition and they too were no le

The Government of Nigeria has unveiled a new National Cotton, Textile and Garment (CTG) Policy aimed at revitalising and boosting the development and growth of the country’s cotton, textile and garment industry. Launching the policy in Abuja, minister of industry, trade and investment Olusegun Aganga said the policy was a product of prolonged and comprehensive consultations with all stakeholders in the industry, and it has set a target of achieving US$ 3 billion annually from textile exports.

Wujiang Dingsheng Silk Co.,Ltd., owned by silk trader Wu Jinhua has became part of a fashion phenomenon during the 2014 APEC conference in Beijing after prominent world leaders were spotted wearing a modern take on Chinese garb made out of his company's Songjin silk. Since then, Wu Jinhua is one of the busiest occupants in his ancient hometown of Shengze. As his company is one of the few mass producers of traditional Songjin silk. He has been overwhelmed with orders for the high-collared Chin

Cautious buying was witnessed again on the cotton market on Wednesday as both buyers and sellers kept on the sidelines after sharp fall in the NY cotton futures and partly because of rains in most parts of Punjab, dealers said. The official spot rate was unchanged at Rs 4,850, dealers said. In the ready session, around 7,000 bales of cotton changed hands between Rs 4750 and Rs 5075, they said. The seed cotton rates in Sindh dropped at Rs 1700 and Rs 2300, in Punjab prices also fell at Rs 1700 an

American clothing retailers on Tuesday requested US President Barack Obama to immediately renew expired or expiring trade programmes such as the Generalised System of Preferences (GSP) to safeguard jobs in the US. The development comes after the American Apparel and Footwear Association's requests to the US Senate and other powerful state organisations fell to deaf ears. A swift renewal of expired or expiring trade provisions, such as the GSP and the African Growth and Opportunity Act, wil

Led by a pick-up in growth in India, which accounts for about 70 per cent of regional output, South Asia’s economic growth is set to reach a four-year high in 2015, according to the United Nations World Economic Situation and Prospects 2015 (WESP) report. According to the report, the average gross domestic product (GDP) growth of South Asia accelerated from 3.7 per cent in 2013 to 4.9 per cent in 2014, and is projected to strengthen further to 5.4 per cent in 2015 and 5.7 per cent in 2016, wi

Etur Textile, one of the largest textile factories operating in Ethiopia, located in Addis Ababa, is set to export its products to markets in Europe and US, according to Ethiopian media reports. According to Adil Basoglu, board member and executive director of Etur, the factory has fully embarked on production and it will soon start export into the larger overseas markets.Basoglu said the textile factory aims at becoming the biggest exporter in the country, and has plans to become more producti

The Rs 2 lakh-crore apparel sector is under strain, with prices of raw material falling sharply while demand is low. Organised retailers are currently sitting on three to four months of inventory and smaller ones are not able to pay manufacturers. Organised entities are prolonging their discount sale season, with inventories at a higher level than in a long while, with consumer spending not picking up after Diwali. Retailers have had to give big discounts (as much as 70 per cent) and were