The domestic demand for textiles is likely to remain robust from end-user segments, supported by a strong rise in private consumption expenditure during the rest of FY19.
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India’s trade deficit in July widened to the most in more than five years, worsening the outlook for the rupee that hit a record low a couple of days back.
Pakistan’s textile exports dropped 16.1 per cent to $1.002 billion in July 2018 compared to shipments recorded in June, which stood at $1.194 billion.
A recent Indian government’s move to introduce rules of origin (RoO) in the name of protecting its local garment manufacturers might severely hurt Bangladesh’s export growth to its neighbour.
The Government has trimmed the textile and clothing export target to $45 billion for the current fiscal. Total shipments in the last fiscal missed the initial target of $48.5 billion by a huge margin
Tekstil Trans Ltd has opened a new textile factory on February 1 in Kyrgyzstan’s northern Chui province. Kyrgyzstan’s Prime Minister Sooronbai Jeenbekov at the opening ceremony, said that opening of this enterprise will help reduce Kyrgyzstan’s dependence on the import of textile products, namely fabrics, which will allow lowering the production cost of domestic sewing industry.
Come March, the Synthetic Textile Export Promotion Council (SRTEPC) will be participating in exclusive Indian Textile Exhibitions (INTEXPO) in Ethiopia (March 6th & 7th, 2017) and Kenya (March 9th and 10th, 2017).