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.
Browsing: Industry Update
The number of UK companies manufacturing textiles and apparel rose sharply last year, according to a new report of UK Fashion and Textiles Association (UKFT), confirming the growing momentum of ‘Made in Britain’ movement.
Most global brands doing business in Bangladesh have decided to stay put in the country. Serial attacks on the foreigners by the Islamist extremists have not deterred them from continuing business, and they have emphasised their willingness to buy products from Bangladesh?s garment sector.
Most global brands doing business in Bangladesh have decided to stay put in the country. Serial attacks on the foreigners by the Islamist extremists have not deterred them from continuing business, and they have emphasised their willingness to buy products from Bangladesh?s garment sector.
The weakness in trade in China, the world’s second-largest economy, continued in July 2016. China’s exports fell again in July by an unexpectedly wide margin. Exports fell by 4.4 per cent to $184.7 billion, of course, a slight improvement over June’s 4.8 per cent contraction, the country’s customs data showed. On the other hand, imports fell 12.5 per cent to $132.4 billion rising from a decline of 8.4 per cent.
For the second quarter of 2016 Thailand-based Indorama Ventures’ profit after tax and non-controlling interests rose 74 per cent year-on-year driven by margin recovery in the polyethylene terephthalate (PET) segment and contributions from additional feedstock volumes.
Cambodia’s export to the US is hitting snags, with the garment and footwear exports from Cambodia to the US falling by eight per cent during the first half of the year. Garments comprise the largest component of Cambodia’s export basket to the United States, the country’s biggest single country export market.