While New York, Milan, Paris and London have traditionally been seen as the most prominent fashion capitals in the world, apparel brands and consumers are increasingly turning to Asian trends.
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In the budget for FY19, the Bangladesh government had set the corporate tax at 15 per cent for readymade garment (RMG) manufacturers and at 12 per cent for owners of green factories.
On September 8, 2018 during the Annual Conference 2018 of the International Textile Manufacturers Federation (ITMF) in Nairobi/Kenya, the Committee of Management of the Federation elected the members of the Board for the period 2018-2020.
Karl Mayer has announced that Korea’s Don-Jin Textile has installed 1,25,000th jacquard raschel machine – RSJC5/1EL. The new jacquard raschel machine has been specifically modified and offers maximum patterning flexibility.
Textiles maker Arvind Ltd is planning to invest Rs 500 crore per annum for the next 4-5 years with an aim to double revenue from its textile business to Rs 12,000 crore.
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.
Vietnamese textile and clothing (T&C) enterprises are losing their competitiveness due to high costs of logistics services for exports, experts have said.