Textile Briefs International


1.  Amazon 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.

2.  In 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.

3.  Mr. 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 yarn.

4.  India 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.

5.  Indian 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.

6.  At 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.

7.  Nigeria 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.

8.  The 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.

9.  Since 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 2025.

10.  Levi 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.

 

 
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