Industry News

5/9/2016

Source: Bangkok Post

With increased shipments of garment, overall exports to the US rose 1.12 percent to $3.6 billion in the first seven months of this year, according to data from the US Department of Commerce.

Between January and July, manufacturers exported $3.36 billion of garment products to the US, Bangladesh's single largest export destination. The number is a 0.87 percent rise year-on-year.

23/8/2016

Source: Bangkok Post

Political uncertainty in Cambodia has forced the garment and footwear industry to look to alternative countries to meet production needs, forcing more than 70 factories to close and a sharp drop in orders, a senior official from the Garment Manufacturers Association in Cambodia (GMAC) said.

20/8/2016

Source: Fibre2Fashion

The Union ministry of textiles has notified the rebate of state levies, which were not refunded earlier to the garment exporters, as announced in the special package for garment sector.
The rebate shall be given under the 'Scheme for rebate of state levies on export of garments 2016'. The scheme will come into effect from September 20, 2016 and will remain in operation for a period of three years.

For the scheme, the amount of rebate shall be calculated using the FOB value of the garment exported.

11/8/2016

Source: Development and Cooperation

30/7/2016

Source: East Asia Forum

Vietnam has transformed from one of the world’s poorest countries to a lower middle income economy in just 25 years. Beginning in 1986, Vietnam undertook key structural reforms in various areas, including state-owned enterprise (SOE) reform, private sector development, financial reform, public expenditure management and trade liberalisation. The World Bank predicts that Vietnam could be at the same income level that Malaysia is today by 2035 if the government embraced a number of further structural and institutional reforms.

21/7/2016

Source: The Economic Times

COIMBATORE: The Madras high court court has ordered a pay rise of up to 30 per cent for hundreds of thousands of garment workers in the southern state of Tamil Nadu, the first minimum wage hike in more than 12 years.

16/7/2016

Source: Business Standard

At a time when the Rs 2,50,000-crore domestic apparel industry faces a severe demand slowdown, rising imports of used garments are adding to the woes of garment manufacturers.

Categorised as restricted item (which means import not possible without government licences), the government has issued only 16 licences so far for players only in Kandla Specialised Economic Zone  (SEZ). Import of used garments elsewhere in the country is banned.

Source: The Hindu

SA group of garment-sector entrepreneurs, who are part of Young Indians (Yi), is all set to embark on a mission to make Tirupur grow beyond the image of a knitwear hub.

They plan to diversify into denim and woven garment production on a massive scale by setting up production bases in countries from where they will get trade advantages to emerging niche markets.

Source: Reuters

Some leaders of Bangladesh's $26 billion garment industry expect Western fashion retailers to review their ties with the world's second-largest garment exporter after 18 foreigners were killed in an attack on a Dhaka restaurant.

Bangladesh, one of the world's poorest countries, relies on garments for around 80 percent of its exports and for about 4 million jobs, and ranks behind only China as a supplier of clothes to developed markets like Europe and the United States.

Source: The Fashion Law

An Indian government initiative to create millions of jobs and increase exports in the textile and garment industries could put vulnerable workers at greater risk, activists said, calling for better enforcement of existing labor laws. A package to generate 10 million jobs and boost exports by $30 billion over three years was unveiled on Wednesday but the measures, including cutting overtime, have raised concerns about workers' rights.