Minister of Commerce and Industry, Charles Ugwu, yesterday said Nigeria is at a crossroad as regards reviving the ailing textile industry, but expressed government’s determination to revamp the industry with N70 billion fund being sourced by UBA and the NEXIM Bank.
Ugwu, who was at the National Assembly Complex for an interactive hearing organised by the […]
More than 300 technical texile and nonwovens companies from around the world will showcase the latest products and advanced technologies in textiles, nonwovens and materials during Techtextil North America (TTNA), April 1-3, in Atlanta, Ga. Complimenting Techtextil North America Symposium’s many seminar sessions and presentations, the exhibit hall will showcase the industry’s cutting-edge developments […]
During Texsummit 2007, the industry had voiced that there should be a single large trade platform for the textile industry in India. As part of the consolidation initiative, two successful trade fairs, Intex - international apparel Fabrics and Accessories trade fair and Tex-Styles have decided to hold both shows concurrently from 2008 onwards. This would […]
Shares of apparel retailers slumped on Monday, as analysts predicted dismal January same-store sales and the broader market declined on concern about the economy.
Most major retailers report January sales in stores open at least one year, a key retail metric known as same-store sales, on Thursday.
“The clearance month of January did little to revive a […]
Bangladesh’s textile industry will be badly hit by major garment importers refusing to buy products made with cotton from Uzbekistan, business leaders said on Monday.
From July, several European and U.S. firms will not buy Bangladeshi garments if they are made with cotton from Uzbekistan, due to allegations of child labour in the industry.
Bangladesh procures 65 […]
Research and Markets (http://www.researchandmarkets.com/reports/c81691) has announced the addition of World Textile and Apparel Trade and Production Trends - Edition 2, 2007 to their offering.
US clothing demand continued to grow in the first nine months of 2007. Sales through clothing, accessory stores, warehouse clubs and superstores were especially buoyant. But US producers suffered badly. Textile output […]
The United Arab Emirates (UAE) investors are keen to invest in India’s textile sector where the government is giving many incentives including 100 percent equity allowed in Special Economic Zones, a senior Indian minister said.
“We got a very positive response from potential investors,” Union Textiles Minister Shankersinh Vaghela, who is leading a delegation of textile […]
The new year brings more innovation, more product and more resources for retailers shopping the Atlanta Apparel market, January 26-29, 2008. Retailers will discover 13 floors of unparalleled product throughout 15 categories: AmericasMart PREMIERE, AmericasMart a1pha, NY/LA Co-Ops, Ready-to-Wear, Young Contemporary, Shoes/Accessories, Fashion Jewelry, AmericasMart’s Children’s WorldSM, Tweens, Classic Men’s, Pageant, Quinceañera, Social Occasion and […]
As dawn casts its spell on the Silicon City, the breeze ruffles the leaves with its gentle touch greeting the legions of garment workers who stride down the roads that lead to their factories. Their brisk movements would even stagger an army regiment for a moment.
The garment industry in Bangalore predominantly comprises women, who constitute […]
Forthcoming Budget may see announcement of measures by Government to enable domestic textile and clothing sector to become globally competitive.
These measures may include lowering of import duty from existing 12.5 percent to 5 percent on all machinery segments, reducing excise duty from 16 percent to 8 percent and Technology Upgradation Fund Schme (TUFS) extension.
Implementation of […]
Garment maker Amartex Industries Ltd is setting up a manufacturing facility in China, while it was in the process of setting up two projects in Punjab at a total investment of Rs 5,000 crore, a top company official said here today.
“Talks are in progress with some Chinese companies for setting up a garment plant in […]
Town officials have a list of uses the former Asbestos Textile/Aztec Industries site is unsuited for, and now they want to conduct a feasibility study to determine what type of business is best suited for the property.
Selectman James J. Foyle, who has been spearheading the effort to redevelop the 5.9-acre parcel, said last night that […]