MARKET & ECONOMY
New figures suggest foreign-owned businesses are continuing to ramp up their investment in Vietnam’s garment manufacturing sector in anticipation of the potential Trans-Pacific Partnership (TPP) ´ yet one of the country’s leading economists has urged Vietnam’s authorities to consider restricting the number of textile and garment projects due to environmental concerns.
The fashion industry full supply chain will massively benefit from wider and smarter use of information technologies. EURATEX joins the next edition of IT4Fashion to widen the debate on the benefits and industry needs for digital data exchange.
Trevira has considerably intensified its activities in the area of brand control. The control measures involve not only monitoring flame retardancy, the feature safeguarded by trademark testing, they also include chemical tests and analyses.
The technical textile industry has been registering an annual growth of 11 per cent, and it is expected to grow at about 20 per cent by 2017. The Union Ministry of Textiles has sought additional funds for the Technology Upgradation Fund Scheme (TUFS) in the current financial year, says Textile Commissioner Kiran Soni Gupta.
Organic cotton is a highly sustainable fibre. It has been ranked above conventional cotton, viscose bamboo and linen in Higg´s Index. Globally, brands, retailers and consumers are increasingly supporting organic cotton. But to use organic fibres is not enough.
For the Italian textile machinery sector, the year´s fourth quarter resulted in a decline in orders, mainly due to a negative performance recorded in foreign sales. These findings have been reported in an economic survey conducted by ACIMIT, the Italian Association representing the industry, indicating a 4 per cent drop over the previous quarter.
The Ministry of Textiles and the Man-Made Textile Research Association (MANTRA) have joined hands to encourage the small and medium enterprises (SMEs) in south Gujarat.
The CMAI?s Apparel Index for the third quarter, FY2014-15 from October to December 2014, with overall Apparel Index value up at 5.01, once again revealed the low sentiment among small brands, those with turnovers of Rs 10 to 25 crore.
Saurabh Patel, Finance Minister, has announced in Budget 2015-16 that the Government of Gujarat will impose five per cent tax on technical textiles. The proposal to impose tax on technical textiles will bring additional tax revenue of approximately Rs 80 crore, Patel said.