The Vietnam Textile and Apparel Association (VITAS) recently announced the targets to achieve USD 55 billion from apparel exports and creating three million jobs. The targets were shared at the sixth congress of VITAS, held in Hanoi.
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Abundant young talent, simple trade agreements, income tax breaks, cheap labour and power, friendly tax laws, strategic geographical position and the announcement of African Continental free trade area (AfCFTA) makes Africa the preferable destination for apparel manufacturing industry.
HeiQ has partnered with Twinery to significantly reduce waste in their apparel production supply chain.
The first integrated apparel manufacturing park in Tamil Nadu’s Erode district, called Gobi Apparel Park, will come up at Kolapalur village in Gobichettipalayam. With a cost of Rs 106.58 crore, it is expected to provide jobs to 7,000.
Ghana recently launched a development partnership with Germany to build and sharpen vocational skills of managers and workers and drive the country’s apparel manufacturing sector.
Gokaldas Exports will set up four apparel manufacturing units in Andhra Pradesh. The units, which are likely to be ready in four years, are expected to entail an investment of Rs 200 crore.