Recently the world’s biggest retailer Walmart
and Bangladesh Garment Manufacturers and Exporters Association (BGMEA)
discussed business potential, safety, various textile and
apparel industry issues in a meeting held in Dhaka. As 30% of
Bangladesh’s garments exports to the US went to Walmart.
China’s chemical fiber production exceeded 50
million tonnes, making up over two-thirds of global production.
Textile exports from China reached 37.6% of the world’s total in
2018, a 3.5% increase from the previous year, while apparel
exports accounted for 31.3% of the world’s total.
Despite challenges like energy supply,
customs procedures, lack of backward linkages and insufficient
skills, Ethiopia has the potential to become a global textile
manufacturing hub with numerous opportunities like, young labor
pool, growing market potential, and strategic position.
France is banning designer clothes and luxury
goods companies from destroying unsold or returned items under a
wide-ranging anti-waste law passed by parliament recently. The
law also covers electrical items, hygiene products, and
cosmetics, which must now be reused, redistributed or recycled.
Korean textile and apparel major Young One
Corporation will invest more than Rs 9bilion in the Kakatiya
Mega Textile Park (KMTP) coming up in Telangana's Warangal
district. The company signed an agreement with the government of
Telangana in this regard.
Italy ranks as the worst textile polluter in
Europe, with the country producing 466 tonnes of textile waste
every year, according to new research from sustainable fashion
brand which found Italians spend a proportionately large amount
of new clothing each year, at £920 per person.
Sri Lanka is taking great leaps to boost its
one of the largest contributors to the economy, the apparel
export industry. The US$ 5 billion RMG manufacturing industry is
planning to set up a fabric processing park in Eravur,
Batticaloa in the east of the island, to lure investors from
countries like China.
At the time of worsening trade deficit
because of the flooded smuggling goods, rising government
expenditures and the devaluation of its currency, Tunisia is
trying to seal cracks in its struggling economy by promoting
local products internally and increasing exports.
Environmental charity Hubbub's poll of 3,008
UK adults found that people planned to spend an average of
£73.90 (US$98.80) on new party clothes for Christmas, yet
one-in-five admitted they wouldn't wear the same outfit to more
than one party or event.
The Viet Tien Garment Joint Stock Corporation
(VGG) recently signed up with Luenthai and Newtech to establish
the Viet Thai Tech fabric factory to supply fabric for the
garment and textile industry. With a total investment of $20
million, the project’s first phase will involve $12 million and
the second, $8 million. It is expected to turn operational in
June this year.