Tag: garment industry
Indian Garment exporters May Face Potential Loss of Rs 1,200 Crore
The textile industry employs around 45 million workers and is expected to be worth more than $209 billion by 2029. But if this anomaly continues, then the industry will rapidly lose its global competitiveness to countries like Bangladesh and Vietnam, wher...
Analyzing COVID-19's effect on the Garment industry
While COVID-19 hit the textile and apparel industry especially hard, businesses with a strong online presence, several manufacturing locations and an ability to quickly adjust their merchandise were better able to withstand the pandemic's impact, accordin...
Bangladesh Textile Industry's road to recovery After Pandemic Situation
Its government might think the worst of the pandemic’s impact has passed, but Bangladesh’s ready-made garment industry needs continued support before it can achieve a new normal, Shahidur Rahman writes.
Tirupur Textile Industry Demands Stabilization of Yarn Prices
The Quint asked textile mill owners and shopkeepers what they want from political leaders in Tamil Nadu.
Vietnam Garment Sector Expects overcome its difficulties and gradually restore revenue levels in 2021
NDO – Textile and garment orders have increased again in the early months of 2021 after Vietnam’s COVID-19 vaccination programme began on a large scale. Enterprises in the field expect market opportunities will help the industry overcome its difficulties...
The New Law of Apparel sourcing in the Garment Industry
In the new post-virus global garment industry, there will be a shakeout. We may find ourselves operating in an industry with a one-strike-you-are-out environment, where sustainability is the name of the game.
Union Budget 2021 has invoked mixed reactions from India's textile and garments industry.
While the announcement of the Mega Textile Park Scheme to set up seven new textile parks has been welcomed by the industry, it has expressed concern over the imposition of a 10 percent Basic Customs Duty (BCD) on cotton. The finance minister on Monday ann...
Bangladeshi Factory owners want minimum wage freeze
Union leaders in Bangladesh are urging the government to reject a plea by garment manufacturers to suspend a planned five per cent hike in the minimum wage for garment workers because of the pandemic