1. India’s textile
sector accounts for 10% of the country’s manufacturing
production, 5% of its GDP, and 13% of its export earnings,
according to the study released by the Associated Chambers of
Commerce and Industry of India (ASSOCHAM).
A study by Allied Market Research found the sportswear category
will grow at a CAGR of 4.3% to reach a total market worth of US$
184.6 billion by 2020.
Agriculture Ministry of Egypt Hamed Abdel-Dayem said that
production of their silky soft cotton once known as ‘white
cotton’ should rise to 1.4 million qintars (160 kg) in the
2017-18 fiscal year that started in July from 700,000 qintars a
Experts say Bangladesh uses 250 litres of water the global
standard is 60 to 70 litres for a single pair of jeans weighing
1kg, implying that the country is using four times more water.
The US textile industry is globally competitive, being third in
global export value behind China and India. US exports of
textiles increased 39% between 2009 and 2015, to $17.6 billion.
In 2015, the value of US man-made fibre and filament, textile,
and apparel shipments was worth an estimated $76 billion.
According to Uzbekistan government’s official estimate that
country’s spinning capacity, which apparently includes projects
underway but not yet fully operational, is about 2.6 million
bales of cotton yarn in 2017.
Faruque Hassan, Vice-President of the Bangladesh Garment
Manufacturers and Exporters Association said Bangladesh should
focus more on producing value-added garment items so that
earnings show growth while production costs stay the same.
A modern US$ 92-million textile unit will be built in Uzbekistan
by the Namangan Sharbati joint venture by late 2018. The factory
will annually produce 10,000 tonnes each of polyester fibre and
yarn, 20 million meters of mixed fabrics, and 7,000 tonnes of
Myanmar SUMEC Win Garments Co., Ltd, Myanmar's largest Chinese
invested exporter in garment sector, and a branch of SUMEC
Textile and Light Industry Co., has officially started operating
a new factory in Shwe Pyi Thar Industrial Zone in Yangon.
Khondoker Mahibur Rahman, MD, Stanley Fashion, Bangladesh said
that the country contributed around 10% to the total global
shirt imports in 2016, but despite this growth, shirt as a
category has somehow failed to keep pace with the growth of
Vietnam is fast becoming a hub for fast fashion companies such
as Zara, H&M, Uniqlo, etc. Higher disposable incomes and
increased awareness towards brands is driving sales in Vietnam.