With the Chinese textile industry showing negative growth for the first time in several years, its Indian counterparts are calling out for an opportunist approach. According to Sanjay Lalbhai, chairman of denim major Arvind Limited, the Indian textile industry should aim at grabbing 10-12 per cent of market share from ...

NEW DELHI: New Delhi has approached Turkey and Egypt asking them to remove the additional duties they have imposed on Indian cotton textile imports or pay suitable compensation. According to a senior government official, the moves by Ankara and Cairo are actionable at the World Trade Organization (WTO), and if the ...

Bangladesh Jute Association (BJA) has urged the government to waive all taxes on export of raw jute. The demand was made at a pre-budget meeting with the National Board of Revenue (NBR) yesterday with jute, textile and spinning mill sectors at its office. NBR Chairman Muhammad Abdul Mazid presided. BJA Chairman Rezaul ...

Today, handicrafts represent less than 1 percent of exports from Bangladesh. In contrast, the global market for handicrafts is estimated to be close to $100 billion. Surely this represents a huge opportunity for this country in terms of rural employment creation. The rural areas of Bangladesh are filled with women eager ...

Asian textile sectors look cautious but positive for the new year. Throughout last year, many textile and apparel factories were faced with shrinking demands from global consumers. The Christmas sales season just past saw a drop of 23% in US consumer spending on apparel, according to industry players in China. ...