American Company will sell US$ 28 billion worth of clothing in
2018, almost equal to what countries like Bangladesh and Vietnam
export annually, and its apparel sales could reach US$ 85
billion by 2020.
fiscal 2016-17, Bangladesh imported 6.5 million bales of cotton,
up from 5.5 million bales a year earlier. At the end of the
current fiscal year, Bangladesh likely to import 7.1 million
bales of cotton.
Aggarwal said India is the second-largest producer of man-made
fibres (MMF) and is poised to drive the growth engine in the MMF
textiles globally. At present, India produces over 1,441 million
kg man-made fibre and over 3,000 million kg man-made filament
is planning to sign agreements with various countries to promote
khadi handloom and hold exhibitions abroad. It is also exploring
signing of memoranda of understanding between Indian exporters
and overseas importers, through the Khadi and Village Industries
Commission (KVIC), to boost outward shipments.
exports of textile machinery are expected to pick up this fiscal
year (2017-18), after a year of marginal growth due to tepid
international demand. According to data available with the
Indian Textile Machinery Manufacturers’ Association, machinery
exports in 2016-2017 were worth Rs 2,438 crore compared with Rs
2,351 crore the previous year.
present Bangladesh considered being one of the fastest movers in
adopting green approaches both on environmental structures and
processes. Experts’ are opinions that Bangladesh may become the
most leading green manufacturing industries in the world within
the next decade.
targets reviving closed textile mills across the country, Frank
Udemba Jacobs, President of the Manufacturers Association of
Nigeria (MAN). He believes the industry will require more than
N100 billion Cotton, Textile and Garment (CTG) fund to return to
its former virile state.
Shandong Ruyi Technology Group (Ruyi) of China recently
announced plans to open its first North American factory in
Forrest City, Arkansas. The new unit will create 800 jobs, and
Ruyi will invest US$ 410 million to renovate a former Sanyo
manufacturing centre in the city.
the introduction of AGOA in 2000, Ghana has been unable to make
effective utilisation of the benefits from the preferential
scheme to expand businesses, create jobs, and promote
entrepreneurship. The United States renewed AGOA in 2015 till
Strauss & Co said denim mills and chemical manufacturers have
been consciously making efforts to find new water-saving dyes,
waterless or near-waterless processes or manufacturing
facilities equipped with technology to reduce water consumption.