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India’s share in cotton yarn and RMG market declines
According to a report, India has lost its global market share of cotton yarn and ready-made garments to China and Vietnam. This is because of high cost, lack of free trade agreements, and intensifying competition.
Bangladesh’s garment exports to US declines
With the Covid-19 situation in the US under control to some extent, export of readymade garments has risen to the US from various countries. Bangladesh could not take advantage of this and its exports have declined.
Indian Textile Exporters Losing Biz to Neighbours
The garment exporters in Noida and Greater Noida are losing 20% of business orders to Bangladesh, Sri Lanka and Vietnam. NAEC claims factories are now left with just 40-50% workers after migrant workers left the city.
Recruitment soars in Vietnam’s textile industry
The increased number of Free Trade Agreements has increased export orders and hence created a recruitment demand in Vietnam. There has also been a demand for IT personnel from the country, thanks to outsourcing.
Vietnam’s Q1 textile exports turnover is recovering
Thanks to new Free Trade Agreements and government-assisted trade promotions and market search, Vietnam’s textile exports turnover for Q1 of 2021 has seen a modest growth after last year’s dip because of the pandemic.
Datatex announces a new project with Global Hantex, Vietnam
Datatex recently announced a new project with Global Hantex, Vietnam. Global Hantex is one of the biggest and most modern knit fabric producers in Vietnam and plans to enhance the footprint further in the region by adopting latest manufacturing and IT technologies.
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