Ethiopian industrial parks attract renowned global textile producers

News Tags: Africa textile and apparel production setting, Africas manufacturing hub, attract renowned export oriented foreign companies, Ethiopian three industrial parks, Foreign direct investment, Growth and Transformation Plan, Hawassa, located in southern and northern Ethiopia, Mekelle and Kombolcha, textile and apparel exporter

Addis Ababa
Ethiopian industrial parks attract renowned global textile producers
Summary: 
Ethiopia’s three industrial parks, Hawassa, Mekelle and Kombolcha, located in southern and northern Ethiopia built as part of its efforts to become Africa’s manufacturing hub have started to attract renowned export-oriented foreign companies to Africa’s textile and apparel production setting.

Ethiopia’s three industrial parks, Hawassa, Mekelle and Kombolcha, located in southern and northern Ethiopia built as part of its efforts to become Africa’s manufacturing hub have started to attract renowned export-oriented foreign companies to Africa’s textile and apparel production setting.

The Chinese-built Hawassa park, some 275 km south of the capital Addis Ababa, considered as Ethiopian flagship industrial park has already started bringing in hard currency. Among the companies that have started their production on its premises is the Hong Kong-based TAL Apparel.

http://www.coastweek.com/4033-Ethiopias-Chinesebuilt-industrial-parks-appeal-to-global-textile-producers.htm
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Labon opening its first operations to Orangeburg County, US

News Tags: expected to begin operations in January, Foreign direct investment, foreign-owned enterprises, invested USD three million, set up first U.S. facility in Orangeburg County, Shanghai based firm Labon, South Carolina Department of Commerce, specializing in technical fiber and textile manufacturer

Orangeburg, SC
Labon opening its first operations to Orangeburg County, US
Summary: 
The Shanghai based firm Labon, specializing in technical fiber and textile manufacturer has invested $3.1 million to set up its first U.S. facility in Orangeburg County which is expected to begin operations in January, according to the South Carolina Department of Commerce.

The Shanghai based firm Labon, specializing in technical fiber and textile manufacturer has invested $3.1 million to set up its first U.S. facility in Orangeburg County which is expected to begin operations in January, according to the South Carolina Department of Commerce.

The decision to set up 15,700-square-foot facility in the Orangeburg county was easy for them due to skilled workforce and friendly business climate. They will be hiring in 23 new jobs immediately.

http://palmettobusinessdaily.com/stories/511064620-shanghai-firm-brings-its-u-s-operations-to-orangeburg-county
0

Indian textile sector reel under burden even as global fashion brands boom

News Tags: continues to reel under burden, decline in exports of several types of textiles, despite of top global fashion brands, Foreign direct investment, Indian textile sector, mill closures, online fashion space, sagging exports, single brand retail outlets, vie for share of Indian market

New Delhi
Indian textile sector reel under burden even as global fashion brands boom
Summary: 
India’s textile sector continues to reel under the burden of mill closures and sagging exports, despite of top global fashion brands such as Zara, Mango, Vero Moda, H&M, Forever 21 and Marks & Spencer vie for a share of the Indian market.

India’s textile sector continues to reel under the burden of mill closures and sagging exports, despite of top global fashion brands such as Zara, Mango, Vero Moda, H&M, Forever 21 and Marks & Spencer vie for a share of the Indian market.

Ever since the government allowed Foreign Direct Investment (FDI) in single brand retail outlets - first at 51% in 2006 and later 100% in 2012- top global fashion brands have rushed into the country.

http://www.vccircle.com/news/textiles/2016/08/17/indias-textile-sector-totters-even-global-fashion-brands-thrive
0

African countries invite Coimbatore investors to tap unexplored potential

News Tags: Agriculture, Confederation of Industry, cotton, diplomats of seven African countries, Foreign direct investment, industrial parks, invest in sectors of textile, invited trade and industry, land of unexplored potential, textiles and apparel industries

Tamil Nadu
African countries invite Coimbatore investors to tap unexplored potential
Summary: 
Diplomats of seven African countries, Mali, Tanzania, Ethiopia, Uganda, Zambia, Botswana and Mauritius speaking at a meeting organized by the Confederation of Industry in Coimbatore on Thursday on Africa Seminar Series – the Land of Unexplored Potential, invited the trade and industry in Coimbatore region to invest in their countries, especially in sectors such as agriculture, textiles, energy, and education.

Diplomats of seven African countries, Mali, Tanzania, Ethiopia, Uganda, Zambia, Botswana and Mauritius speaking at a meeting organized by the Confederation of Industry in Coimbatore on Thursday on Africa Seminar Series – the Land of Unexplored Potential, invited the trade and industry in Coimbatore region to invest in their countries, especially in sectors such as agriculture, textiles, energy, and education.

http://www.thehindu.com/todays-paper/tp-national/tp-tamilnadu/african-countries-woo-investors-in-coimbatore/article8914216.ece
0

India, the second most attractive market for global retail brands to expand

News Tags: Arvind Retail, Foreign direct investment, global retailers to expand in after China, India one of the corner stones of BRIC, India second most attractive market, Indian market, largest textile maker, plans to expand global brands, sees sales growth topping, sells foreign labels

Mumbai
India,  the second most attractive market for global retail brands to expand
Summary: 
Arvind Retail Ltd, largest textile maker in India that sells foreign labels, after seeing sales growth topping its own expectations, now plans to accelerate expansion for the global brands in the Indian market. Arvind sells global brand such as Tommy Hilfiger, Nautica and Ed Hardy. In the year ended 31 March it added four more brands to its portfolio - GAP, Aeropostale, Sephora and The Children’s Place (TCP).

Arvind Retail Ltd, largest textile maker in India that sells foreign labels, after seeing sales growth topping its own expectations, now plans to accelerate expansion for the global brands in the Indian market. Arvind sells global brand such as Tommy Hilfiger, Nautica and Ed Hardy. In the year ended 31 March it added four more brands to its portfolio - GAP, Aeropostale, Sephora and The Children’s Place (TCP).

http://www.livemint.com/Industry/QwY3gMrh2zCJJdFufn5uNI/Arvind-Retail-accelerates-its-global-brands-business.html
0

High confidence of foreign investors in Rwanda increases FDI by 78pc

News Tags: C&H garment in textile industry, Flagship investments, Foreign direct investment, government’s protection of investments, high confidence of foreign investors, increased in Rwanda, joint ventures with local investment, procurement of advanced technology, settlement of disputes, transfer of funds and special economic zone facilitations

Africa
High confidence of foreign investors in Rwanda increases FDI by 78pc
Summary: 
Foreign Private Capital Census (FPC) 2015 latest report released by the central bank shows that Foreign Direct Investment (FDI) in Rwanda have increase by 78.1 pecent to US$458.7 million in in 2014 from US$ 257.6 million recorded during 2013 due to high confidence of foreign investors in Rwanda and the country’s attractiveness to foreign investment.

Foreign Private Capital Census (FPC) 2015 latest report released by the central bank shows that Foreign Direct Investment (FDI) in Rwanda have increase by 78.1 pecent to US$458.7 million in in 2014 from US$ 257.6 million recorded during 2013 due to high confidence of foreign investors in Rwanda and the country’s attractiveness to foreign investment.

Flagship investments that were registered in 2014 include C&H garment in textile industry, Advanced Factory Units (AFUs) in call center manufacturing.

http://ktpress.rw/2016/06/foreign-owned-investments-in-rwanda-increase-by-78/
0

Vietnamese local investors lack interest in garment, textile materials field

News Tags: attend supply chain, Conference hosted by Vitas, current regulations affect investment and development strategies, Foreign direct investment, Local businesses lack funds, long payback period, low profit margin, mostly investors, need assistance mechanisms, Veitnamese businesses showing lack of interest in garment and textile material field

Hanoi
Vietnamese local investors lack interest in garment, textile materials field
Summary: 
At a conference hosted by the Vietnam Textile and Apparel Association (Vitas) recently, economic expert said that Vietnamese businesses in the field of garment and textile material have been showing lack of interest due to low profit margin and long payback period.

At a conference hosted by the Vietnam Textile and Apparel Association (Vitas) recently, economic expert said that Vietnamese businesses in the field of garment and textile material have been showing lack of interest due to low profit margin and long payback period.

They forecast that Vietnam now has 5,028 garment and textile businesses while the number of material suppliers is only 604. The material deficiency has created which is unlikely to improve in the next five years.

http://www.saigon-gpdaily.com.vn/Business/Economy/2016/4/118326/
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US Apparel brand Urban Factory sets foot in Indian market

News Tags: apparel and garments industry of India, apparel brands in US, foreign brands entering Indian market, Foreign direct investment, foreign investments in retail sector, global fashion brands, growth of Indian retail sector, India's retail market, Indian apparel industry, Indian garment industry, Indian textile industry, men's clothing and accessories, Urban Factory, women's apparel brand

Mumbai
Summary: 
Urban Factory, a United States-based apparel brand, has entered India independently and aims to open stores in Bengaluru and Hyderabad by the mid of this year. Madhuri Lakkapragada

Urban Factory, a United States-based apparel brand, has entered India independently and aims to open stores in Bengaluru and Hyderabad by the mid of this year.

Madhuri Lakkapragada, founder of Urban Factory, said that all styles that come in India are delayed by a season and unfortunately, fashion comes to India in the end.

She added that they want to address this gap by bringing current customised styles in India.

Last year, India had liberalised norms for foreign direct investment in single-brand retail, allowing brands such as Urban Factory to set up stores in the country.

0

Vietnam need to be cautious over licensing FDI textile, dyeing projects

News Tags: capability of providing accommodations to workers, Chinese, Foreign direct investment, import of outdated energy consuming technologies, Minister of Science and Technology, pour huge capital, satisfy occupancy rate in industrial zones, technological and environmental standards, textile and garment projects, TPP, Vietnam

Saigon
Vietnam need to be cautious over licensing FDI textile, dyeing projects
Summary: 
As per the Foreign Investment Agency report, so far this year out of the $11 billion worth of foreign direct investment (FDI) poured into Vietnam; $3.5 billion went to textile and garment projects due to the Trans Pacific Partnership Agreement (TPP). The investments in the textile and garment industry have been increasing so sharply that this has raised concern.

As per the Foreign Investment Agency report, so far this year out of the $11 billion worth of foreign direct investment (FDI) poured into Vietnam; $3.5 billion went to textile and garment projects due to the Trans Pacific Partnership Agreement (TPP). The investments in the textile and garment industry have been increasing so sharply that this has raised concern.

http://english.vietnamnet.vn/fms/environment/146328/licensed-textile--dyeing-projects-raise-major-concerns.html
0

New textile policy aimed on fabric to fashion concept to moot Rs 80,000cr investment

News Tags: designer of the policy, developed around the concept, fabric to fashion, Foreign direct investment, Ichalkaranji based BJP MLA Suresh Halwankar, in Maharashtra state only, new textile policy, roadmap to implement the policy, textile hub, to convert the cotton into usable clothes

Kolhapur
New textile policy aimed on fabric to fashion concept to moot Rs 80,000cr invest
Summary: 
New textile policy proposes Rs 80,000 crore investment in five years in the sector which will be developed around the concept, 'fabric to fashion'. Currently, the clothing industry from cotton to fabric to ready-to-wear cloths is scattered across the country. The new policy aims to change this situation, by processing its cotton completely here and the final ready-to-use cloths will be produced in the state only.

New textile policy proposes Rs 80,000 crore investment in five years in the sector which will be developed around the concept, 'fabric to fashion'. Currently, the clothing industry from cotton to fabric to ready-to-wear cloths is scattered across the country. The new policy aims to change this situation, by processing its cotton completely here and the final ready-to-use cloths will be produced in the state only.

http://timesofindia.indiatimes.com/city/kolhapur/New-textile-policy-proposes-Rs-80000cr-investment/articleshow/48506371.cms
0
 
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