India’s real gross domestic product (GDP) expanded by a record-high of 20.1 per cent in year-on-year (YoY) terms in the first quarter of this fiscal (Q1 FY22) in line with rating agency ICRA’s forecast of 20 per cent. But the sharp expansion is analytically misleading as the real GDP in Q1 not
Autefa has announced that it is set to supply two complete needle-punching geotextile lines to Confidence Infrastructure, one of the leading engineering solutions providers from Bangladesh. Autefa is a Germany’s solution provider for turn-key nonwovens lines and machines for carded crosslapped needlepunching lines, spunlace lines, and thermobonding lines. Using
Between July 30 and August 31, Brazil’s CEPEA/ESALQ Index for cotton increased by 7.9 per cent, closing at 5.3540 BRL/pound on August 31. A day earlier on August 30, the Index closed at 5.4748 BRL/pound, a new nominal record since CEPEA Index began in 1996. The monthly average in August closed at 5.2579 BRL/pound, 5.74 […]
Chief Minister Shivraj Singh Chouhan on Wednesday said that Madhya Pradesh has huge potential for investment in the textile sector. Work is being done to make the state a textile hub, which will provide employment opportunities to a large number of people.The Chairman of Sagar Group, Sudhir Kumar Agrawal, met Chief Minister Chouhan at secretariat […]
According to a report by investment information and credit rating agency ICRA, India’s apparel exports are likely to increase to $18 billion in calendar year 2015 and to $20 billion 2016 against $16.5 billion in 2014. The growth in India’s apparel exports will be supported by our expectations of increase in the global apparel trade […]
In the year 2015-2016, Bangladesh imported 6.2 Mn cotton bales and reinforced its position as the world’s largest importer. As forecasted by The US department of agriculture (USDA), Bangladesh’s imports may increase to 6.3 Mn bales in 2016-17. This increases Bangladesh’s share of global imports to over 18%, which is more than double its share
Reserve Bank of India (RBI) verdict of scrapping high value currency notes i.e. INR500 and INR1000 has received the mixed responses. Major impact has been seen on unorganized textile sector rather than organized textile sector. The decision is a setback for unorganized textile sector as it is dependent on domestic market for revenue generation. Demonetization […]
Bangladesh is the world’s second largest apparel manufacturer after China and hence become home to more than 5,600 garment factories. About 60% of clothes end up in European markets – on the whole, apparel exports generates almost $20 billion in annual revenues and is the largest source of foreign exchange earnings. Cluster Size of Textile […]
Marketplace e-commerce is the place where company only provides platform for buyer and seller to connect. The decision will help domestic players in attracting more FDI, while also opening doors for foreign e-tailers to easily set shop in India. However, FDI is not permitted in inventory based model of e-commerce. Marketplace may provide support services […]
Honduras a small Central American country is taking significant steps towards textile: Contributes 0.8% of global textile exports Number two textile exporter in the region by value just behind Mexico, and Number one exporter of t-shirts to the US market. It has newly launched ‘Honduras 2020’ with an US$3.4 billion project for the textile industry. […]
