Global buyers, investors urge Dhaka for Transition Accord

2018/10 18 12:10

Global buyers and investors have urged Dhaka to allow a ‘Transition Accord’ for the readymade garment (RMG) sector until a national body to take over the factory safety responsibility becomes fully prepared. Bangladesh Investor Initiative (BII), a group of institutional investors from 12 countries, is concerned over the imminent termination of the Accord in November. […]

Indian Govt says FIEO’s claims on GST refunds inaccurate

2018/10 18 12:10

The Indian finance ministry has refuted claims by the Federation of Indian Export Organisations (FIEO) that ₹220 billion worth goods and services tax (GST) refunds is stuck, saying the figure is exaggerated and inaccurate as ₹711.69 billion worth such refunds have been disposed off till now. It asked export bodies to refrain from putting out […]

Steady growth in China’s e-com sector: Report

2018/10 18 12:10

A steady growth in China’s e-commerce sector continues as online shops further integrate with physical stores, according to 100ec.cn, which said new retail and social e-commerce have become the driving forces for the boom. In the first half of 2018, total retail sales of consumer goods in China reached 18 trillion yuan, up 9.4 per […]

95% of Tunisia’s textile, clothing exports go to Europe

2018/10 18 12:10

Ninty five per cent of Tunisia’s textile and clothing exports are aimed at Europe, according to official statistics unveiled recently during the Tunisian-French partnership day in the textile and clothing sector, which accounts for 35 per cent of the country’s gross domestic product (GDP) and offers more than 160,000 jobs in a few hundred companies. […]

Bangladesh urges Indian investors for buy-back projects

2018/10 18 12:10

Bangladesh high commissioner to India Syed Muazzem Ali recently urged Indian companies to boost their investment his country to reap the benefits of the business-friendly environment there. Speaking at the Pondicherry Global Economic Summit and the Fifth World Tamils Economic Conference Pondicherry, he suggested establishment of a series of buy-back projects. Ali urged Indian investors […]

Analysts see challenges for Asian suppliers under USMCA

2018/10 18 12:10

Asian manufacturers may find it tougher to sell in American markets under the United States-Mexico-Canada Agreement (USMCA) and may face long-term isolation in key industries, say some Asian analysts. Tighter country of origin rules and labour standards for the car and garment sector mean production could shift back to North America, affecting Asian businesses. The […]

JFW, Kids Around to celebrate global fashion

2018/10 18 12:10

Courtesy: Junior’s Fashion Week Junior’s Fashion Week (JFW) has joined hands with Kids Around to enliven the internationally acclaimed standards of kids fashion in and across India. The synergy is underpinned by the willingness and strong desire to introduce kids to all things good and fashionable. The synergy is bound to make the fashion industry […]

Bangla parliament passes bill to boost garment sector

2018/10 18 12:10

The Bangladesh parliament recently passed the Textile Bill that was introduced in June 2018 by state minister for jute and textiles Mirza Azam. The government wants to achieve higher numbers by streamlining multiple processes for market leaders in the textile industry as the country’s apparel sector grew from $28.2 billion in 2016 to $29.33 billion […]

Arrow Digital installs EFI Reggiani Renoir at Macromedia

2018/10 18 12:10

Courtesy: EFI Arrow Digital has recently installed the high speed state of the art EFI Reggiani Renoir Next 340 at Macromedia Digital Imaging, Hyderabad. Macromedia has installed the Reggiani to cater the digital soft signage and textile demands of corporates and high profile customers. Macromedia is a leader in providing complete end-to-end out of home […]

Flipkart arm Instakart to set up logistics hub in Bengal

2018/10 18 12:10

Flipkart’s subsidiary Instakart Services Pvt Ltd will set up a logistics hub at the Haringhata Industrial Park in West Bengal’s Nadia district, according to the state’s finance minister Amit Mitra. The proposed hub, with an investment proposal of around ₹991 crore, would be established within two-and-a-half years, Mitra recently said in Kolkata. To be set […]