Garments

Bangladesh's garment industry, a vital economic pillar, is facing a severe crisis due to a volatile mix of political unrest, including violent protests, and catastrophic flooding, threatening to unravel years of rapid growth and global prominence. The textile and garment industry, which accounts for over 80 per cent of Bangladesh's total export earnings and contributes approximately 11 per cent to the nation's GDP, has been hit hard. This industry contributes significantly to export earnings and employs millions. Following the unprecedented anti-government protests, which reached a crescendo on August 5, Sheikh Hasina resigned as prime minister and fled the country. She landed in India on August 5 and is currently staying there. The two-month-long anti-quota protests have led to widespread demonstrations, curfews, and violence. This unrest has not only disrupted factory operations but has also caused significant economic losses. Factories were forced to close, and with the peak se

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The Textiles Ministry will soon rollout 'INDIAsize' -- measurements and standards designed to better suit the Indian body types, Textiles Secretary Rachna Shah said on Tuesday. Once the initiative is launched, Indians will soon be able to shop for clothes that would fit them better. Presently, international and domestic brands available in India use measurements from the US or the UK for garments, having 'small', 'medium' and 'large' sizes. However, Western body types differ from Indians in terms of height, weight or specific measurements of body parts, which sometimes causes fitting issues. "We are hoping... that will happen very soon," Shah told PTI when asked about the rollout of the INDIAsize initiative. The Textiles Secretary said the government's goal is to take the domestic technical textiles segment to USD 40-50 billion in the next five years or so, from USD 22 billion at present. "Our exports of technical textiles is presently at USD 2.5 billion, our objective is to enhan

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The central government is expected to finalise a production linked incentive (PLI) scheme for garments, madeups and home textiles early next year with an aim to promote small and medium units, an official said on Wednesday. The government has already announced a PLI scheme for man-made fibre garments and technical textiles. Now there are talks going on for the second edition of the scheme for the sector. The official said that discussions are on for PLI 2.0 where investment thresholds could be lower than the previous one for technical textiles and man-made fibre. "We encouraged capital and machinery in the first edition of PLI, but this time we are looking at small and medium entities," the official added. In the first round, 32 firms have begun investments worth Rs 1,500 crore. The textiles ministry had approved 64 applications under the Rs 19,798-crore scheme. PLI 2.0 for the textile sector is under consideremation as the textiles ministry has an unutilised budget.

The free trade agreement between India and the UAE is giving duty free access to the garment sector and it will help increase share of domestic exports in that country, AEPC said in Tuesday. The Apparel Export Promotion Council (AEPC) said that over 20 domestic exporters are participating in the International Apparel and Textile Fair (IATF) in Dubai to showcase their products. Chairman Fair and Exhibitions AEPC Ashok Rajani said India is the second largest supplier of ready-made garments to the UAE after China. "The UAE has traditionally been the topmost trading partner for Indian garment exports. With signing of the UAE-India CEPA agreement giving duty free access to Indian garment exports, this share is expected to increase further," he said. CEPA stands for the Comprehensive Economic Partnership Agreement. Talking about the exhibition, he said exporters are aiming to showcase the best of India's apparel designs and styles in line with the latest fashion trends in a wide range o

Clothing and textile production is by far the biggest industry in Bangladesh

With a share of about 13 per cent, UP is one of the top three domestic textile players. Bangladesh, Vietnam, and Indonesia are the leading textile exporters in the Asia region.

Having raised funds to deleverage, it had exited certain brands to focus on only six marquee ones: US Polo Association, Arrow, Flying Machine, Calvin Klein, Tommy Hilfiger and beauty brand Sephora

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A decision on any possible action against the company will be taken after the investigation

According to Tirupur Exporters' Association, the industrial belt has seen a production loss of about Rs 10,000 crore during the last two months due to stoppage of manufacturing

Apparel/garments and made-ups covered under RoSCTL scheme, will not get benefits under RoDTEP scheme

The fitment committee, which recommends rate changes to the Council, has proposed increasing the rate on footwear (less than Rs 1,000), readymade garments, and fabrics to 12% from 5% now

Yarn price hike: According to industry sources, the production loss is estimated to be around Rs 165 crore due to the strike

A cultural symbol and style statement for Indian women, it is no longer limited to weddings and family occasions, but has begun extending to work wear, corporate meetings and cocktail parties too

The coronavirus pandemic has slammed the apparel industry, leaving many of the 65 million Asian garment factory workers struggling as factories close or cut back on wages

In the financial year that ended in June, Bangladesh's garment exports totaled $27.94 billion (21.6 billion pounds), down 18% from the previous year

74% of its respondents see a 90% drop in sales for the quarter ending June 2020

The virus in China and a withdrawal of EU concessions to Cambodia offer two major opportunities for Indian garment exporters - but none of them are in a position to gain