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India’s garment exports badly hit by state lockdowns
Many states in India are experiencing total lockdown due to which the garment export sector is badly affected. The sector has recorded a loss of around $15 billion during the second wave of the coronavirus pandemic.
Vietnam eyes $34 bn garment export
Vietnam’s textile and garment industry has targeted a year-on-year increase of 10 per cent in export value to $34 billion in 2018 despite difficulties in markets at home and abroad, according to Le Tien Truong, General Director of the Vietnam National Garment and Textile Group (Vinatex). He recently reported Vinatex’s performance at a meeting in Hanoi.
HANOITEX in Vietnam in November 2017
HANOITEX 2017, the most important textile and garment industry event, is to be held in Hanoi, Vietnam from November 1 to 3, 2017.
Bangla makes huge strides in denim
Bangladesh has overtaken China to become the largest denim supplier to the European Union by exporting €567.97 million worth of denim products to the EU nations.
Brexit fires salvo at Bangladesh
As major British apparel retailer Next Plc slashed its work order volume, Bangladesh has already started feeling the pinch of Brexit, claims a senior official of a sourcing company. The UK is the third largest garment export destination for Bangladesh after the US and Germany.
Intex South Asia 2016 in November
The dynamics of the global garment and apparel industry have changed considerably in the last decade. The industry is shifting from China, the world’s largest clothing exporter, towards developing regions like South Asia and other emerging markets. Increasing wages in China have led international brands to focus their energies on, and seek alternatives in countries like Bangladesh, India, Pakistan and Sri Lanka.
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