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.

India’s handicraft exports have increased by more than 8 per cent during the last fiscal, touching nearly Rs 31,000 crore, revealed Textiles Minister Smriti Irani in the Lok Sabha. “According to the provisional data available, the exports of handicrafts have shown an increase of Rs 2,414.79 crore from Rs 28,524.48 crore to Rs 30,939.27 crore — an increase of 8.46 per cent in rupees term in 2015-16 as compared to previous year,” she said.

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.

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.

ICRA, an Indian independent and professional investment information and credit rating agency, opines that a 12 per cent (lower rate) recommended by the Dr Arvind Subramanian Committee will have a negative impact on the textile sector, especially the cotton value chain, which is currently attracting zero central excise duty (under optional route); unlike the man-made fibre sector, where the fibre attracts excise duty at the manufacturing stage (unlike cotton).

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.

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.

Technosmart, a new revolutionary fabric from Raymond is expected to boost the company’s fortunes with the management targeting a business of Rs 100 crore in the next one year.

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.