Textile Briefs International


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).

2.  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.

3. 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 year earlier.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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 blended linen.

9. 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.

10. 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 other products..

11. 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.

 

 
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