Azerbaijan plans to start exporting textile
to Poland. The government representative noted that the Polish
and Azerbaijani sides are currently discussing the matter. The
Azerbaijani trade representative noted that negotiations are
currently underway in this direction and details of the upcoming
bilateral cooperation are being discussed.
According to the latest Bangladesh Jute Mills
Corporation (BTMC) information in FY 2019-20, 22 state-owned
jute mills have counted a 3.95 billion BDT in losing. Since lack
of efficient manpower, old machinery, poor branding capability
are the prime causes for Bangladesh to fall behind in grabbing
more international market share.
Bangladesh Garment Manufacturers and
Exporters Association (BGMEA) have demanded 6% cash incentive
for the garment sector in the budget for 2019-20. This is very
good that an amount of Tk 74,367 crore has been allocated for a
social safety net. Previously, apparel exporters enjoy a 4% cash
incentives against exports to non-traditional export
Japanese customer service is recognized by
Chinese brands as being trustworthy. Among the reasons for the
popularity of Japanese textile suppliers in China are upgraded
consumption habits from Chinese consumers, as well as
recognition of craftsmanship, flexible order services, and
Indian Texpreneurs Federation (ITF) has
appealed to all brands and retail chains operating in India to
source their requirements from within the country instead of
importing. ITF’s appeal comes in the wake of a huge jump in the
import of readymade garments from Bangladesh.
In the last quarter of 2018-19
(January-March), 47 Industrial Entrepreneurs’ Memorandum (IEMs),
related to textile and clothing investments, were filed with the
Department of Industrial Policy & Promotion (DIPP), compared to
60 IEMs filed during January-March 2017-18 fiscal year.
The Indonesian Chamber of Commerce and
Industry (Kadin) has called on the government to find a way to
reduce the country’s dependency on imported raw materials for
its manufacturing industry, which has become the main factor of
the widening current account deficit.
Japanese textile designers Chiaki Maki and
Parva Tanaka have laid deep roots of Japanese tradition in India
by collaborating with the Indian artisans and manufacturing
traditional hand-woven Japanese outfits in Dehradun, Uttarakhand.
The Central Bank of Nigeria (CBN) has set up
a committee for the revival of the country's cotton, textile and
garment industry. The CBN Governor, Godwin Emefiele, who set up
the Committee in Abuja target, is to revive and set up at least
50 textile companies by 2023.