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Garment cos call for FTAs with EU, UK, US, Australia
Readymade garments exporters have asked the government to expedite free trade agreements with high potential markets such as the EU, the UK, the US, Australia and Canada which could lead to exports doubling in three years’ time.
Sateri joins fashion industry charter of climate action
Sateri has signed the Fashion Industry Charter for Climate Action, becoming the first viscose producer in China to support this global fashion agenda. An initiative convened by the United Nations Framework Convention on Climate Change (UNFCCC), this charter calls on the fashion industry to support the goals of the Paris Agreement in limiting global temperature rise to well below two degrees Celsius above pre-industrial levels, by achieving 30 per cent aggregate reduction in greenhouse gas (GHG) emissions by 2030, including the supply chain.
Apparel sector could take a hit of Rs 1 lakh cr: CMAI
The Indian apparel industry could take a hit of almost Rs 1 lakh crore due to the lockdown to contain the Covid-19 outbreak and a significant slowdown is expected in economic growth once the lockdown ends, according to a survey by the Clothing Manufacturers Association of India (CMAI)
Apparel production to fall 10-12% in Apr-Jun: KPMG
India’s textiles and apparel sector production is expected to decline by 10-12 per cent in the April June quarter owing to the coronavirus pandemic, according to a study by KPMG in India.
Textile Industry: Locked down
Covid-19 virus that has thrown the economic activity out of gear across the world has also halted the Indian textile industry to a grinding halt.
Malaysia’s MPMA, FMFTA gear up to address PPE shortage
The Malaysian Plastics Manufacturers Association (MPMA) and the Federation of Malaysian Fashion, Textile and Apparel (FMFTA) are stepping up efforts to fill the supply chain gap for key personal protection equipment (PPE) in the country.