Textile Briefs International


1.   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.

2.   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.

3.   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 destinations.

4.   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 reliability.

5.   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.

6.   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.

7.   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.

8.   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.

9.   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.

 

 
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