The flow of work orders to the garment industry is rebounding strongly due to the reopening of retail and branded stores in Europe and the US, the two main export destinations for the apparel manufacturers in Bangladesh.
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German clothing discounter KiK recently donated towards the purchase of Covid-19 vaccines for garment workers in Bangladesh.
The Mamata Banerjee government is inviting investors to set up power looms and other textile related industries at the upcoming Integrated Textile Park at Ashoknagar and Banipur of Habra in North 24-Parganas.
Textile minister Piyush Goyal said that the sector will achieve $44 billion exports target in FY22, and in the next five years, is set to aim for $100 billion outbound shipments.
The first ‘textile parcel’ special train customised to carry textile material left Gujarat for Bihar with an aim to boost Surat’s textile market through an economical, faster and safer mode of transport.
Textile traders in Surat are worried over pending payments of about Rs 4,000 crore from Afghanistan which have got stuck with the Taliban taking control of the country.
India’s textile and apparel exports to the United States, its single largest market, were up 55 % in the first seven months of 2021.