Vietnam’s local media has reported that textile and garment industries in the country likely to miss their export target for 2016, due to reduced competitive ability and lack of export orders.
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Nigeria currently spends over $4 billion annually on importing textiles and readymade clothing, despite the Nigerian government?s initiatives to revive the textile sector in recent times, according to the Director General (DG) of Nigerian Textile Manufacturers Association (NTMA), Hamma Kwajaffa. Textiles is Nigeria?s second largest employer after the government.
With the the demand for denim products rising rapidly in global market, Bangladesh has set up five new denim taking the total to 30 in the recent times. Another five more companies are in the pipeline as the demand is for denim has been rapidly increasing in Europe, the huge market for denim. Initially Bangladeshi manufacturers used to produce denim products like trousers but now they also produce shirts, pillow covers, bed sheets, home textiles, table cloths and aprons.
The Union Textile Minister Smriti Irani has announced the launch of a national helpline for weavers that would also be a census of concerned workmen.
The India’s Ministry of Skill Development and Entrepreneurship (MSDE) and the Ministry of Textiles have signed a memorandum of understanding (MoU) to develop the Indian handloom industry with skill development.
The Union Textile Minister Smriti Irani has announced the launch of a national helpline for weavers that would also be a census of concerned workmen.
India is looking beyond the EU and the US in trade. The Indian government plans to examine the feasibility of a free trade agreement (FTA) with Mexico.