India jumped 16 places for the second year in a row to the 39th rank on the World Economic Forum’s (WEF) Global Competitiveness Index 2016-17.
Month: October 2016
Cotton consumption this year will be the highest in six years. Total global consumption will be about 112 million bales (480 lbs each).
To grab the market share vacated by Chinese apparel manufacturers, India’s Clothing Manufacturers’ Association of India (CMAI) has signed a memorandum of understanding with China Chamber of Commerce for Import and Export of Textiles (CCCT) to explore potential areas of mutual co-operation for increasing apparel exports from India.
The predominantly cotton based Indian textile industry has been facing acute crisis during the last eight years due to high volatility in cotton prices especially during off season starting from May to September.
A new report from technology consultancy Cientifica examines how smart textiles are creating a fourth industrial revolution for the textiles and fashion industry worth more than $130 billion by 2025.
Italy’s womenswear turnover is growing despite global uncertainty. The numbers confirm it: companies in the sector (including apparel and outerwear, shirts and leather goods) ended 2015 with revenue of €12.8 billion, up 2.5 per cent versus the softer 1.4 per cent growth registered by menswear.
German government is providing Bangladesh with ?50 million in assistance to improve garment workers? skills, said commerce ministry sources.