Myanmar Sumec starts operation of new factory in Yangon

Related Keywords: 40 production lines, branch of SUMEC Textile and Light Industry Co, designed to own 50 production lines, garment sector, invested exporter, Myanmar SUMEC Win Win Garments Co, Myanmars largest Chinese, produce 4 million pieces of clothes every year, Shwe Pyi Thar Industrial Zone in Yangon, started operating new factory

Yangon
Myanmar Sumec starts operation of new factory in Yangon
Summary: 
Myanmar SUMEC Win Win Garments Co., Ltd, Myanmar's largest Chinese invested exporter in garment sector, and a branch of SUMEC Textile and Light Industry Co., has officially started operating a new factory in Shwe Pyi Thar Industrial Zone in Yangon on Friday.

Myanmar SUMEC Win Win Garments Co., Ltd, Myanmar's largest Chinese invested exporter in garment sector, and a branch of SUMEC Textile and Light Industry Co., has officially started operating a new factory in Shwe Pyi Thar Industrial Zone in Yangon on Friday.

http://news.xinhuanet.com/english/2017-10/28/c_136710755.htm
0

Indonesian govt invites Mitsubishi to invest in textile industry

Related Keywords: boost competitiveness, forest pulp, garment sector, giant company has potential, Indonesian manufacturers, Industry Minister Airlangga Hartarto, invited company to pour more money, meeting with Japan based Mitsubishi, new basic material for textile, partnerships with local industries, productivity, rayon fiber, revitalizing textile industry

Jakarta
Indonesian govt invites Mitsubishi to invest in textile industry
Summary: 
During Industry Minister Airlangga Hartarto meeting with Japan based Mitsubishi Corporation’s executives in Tokyo on Wednesday, invited the company to pour in more money in the garment sector and seek more partnerships with local industries as the giant company has the potential to boost competitiveness and productivity among Indonesia’s manufacturers as the country was revitalizing its textile industry by boosting the production capacity of rayon fiber.

During Industry Minister Airlangga Hartarto meeting with Japan based Mitsubishi Corporation’s executives in Tokyo on Wednesday, invited the company to pour in more money in the garment sector and seek more partnerships with local industries as the giant company has the potential to boost competitiveness and productivity among Indonesia’s manufacturers as the country was revitalizing its textile industry by boosting the production capacity of rayon fiber.

Rayon has become the new basic material for textiles and Indonesia will produce rayon fiber from forest pulp in large quantities.

http://www.thejakartapost.com/news/2017/10/19/govt-wants-mitsubishi-to-invest-more-in-garments-petrochemicals.html
0

Tanzania next destination for investment in garment sector

Related Keywords: friendly business environment, garment sector, global leader in branded lifestyle apparel, good geographic location, good investment policy, natural regional business hub, next destination in Africa for investment, Tanzania, team from VF Corp, visting Africa and Dar es Salaam

Africa
Tanzania next destination for investment in garment sector
Summary: 
Tanzania to be the next destination in Africa for investment as it offers friendly business environment underwritten by good investment policy and legislation as well as geographic location that makes her as a natural regional business hub.

Tanzania to be the next destination in Africa for investment as it offers friendly business environment underwritten by good investment policy and legislation as well as geographic location that makes her as a natural regional business hub.

Tanzania Investment Centre (TIC) and the Ministry of Industry and Trade’s Textile Development Unit co-hosted the visiting investors to encourage them to consider Tanzania as new garment origin.

http://www.dailynews.co.tz/index.php/business/43864-world-largest-garment-buyer-visits-tanzania
0

Indian businesses urged to invest in Bangladeshi weaving sector

Related Keywords: BTMA, CII, garment sector, inadequate production capacity, Indian delegation in Dhaka, looking for investment opportunities in textile sector, opportunity for growth, urged to invest in Banglaodeshi weaving sector

Dhaka
Indian businesses urged to invest in Bangladeshi weaving sector
Summary: 
Indian delegation that is in Dhaka looking for investment opportunities in the textile sector has been urged to invest in the Bangladeshi weaving sector as there is an opportunity for growth said Fazlul Hoque, vice-president of Bangladesh Textile Mills Association who led the Bangladeshi team at a discussion with the leaders of the Confederation of Indian Industry (CII) at the BTMA office in Dhaka.

Indian delegation that is in Dhaka looking for investment opportunities in the textile sector has been urged to invest in the Bangladeshi weaving sector as there is an opportunity for growth said Fazlul Hoque, vice-president of Bangladesh Textile Mills Association who led the Bangladeshi team at a discussion with the leaders of the Confederation of Indian Industry (CII) at the BTMA office in Dhaka.

http://www.thedailystar.net/business/indian-weavers-urged-invest-bangladesh-162298
0

Spinning mills resort to capacity cut to overcome domestic glut

Related Keywords: alternative markets for exports, CCI, China major importer, CITI, cut in production, decline in cotton yarn exports, garment sector, Indian spinning mills, looking to domestic demand, lower capacity utilization, relief from oversupply situation

Chandigarh
Spinning mills resort to capacity cut to overcome domestic glut
Summary: 
Indian spinning mills are looking to domestic demand from the garments sector for relief from oversupply situation caused due to decline in cotton yarn exports to China. China has been a major importer of cotton yarn from India with a share of about 46% of Indian exports of the commodity, but that has declined substantially – to an estimated 4% in the first three quarters of FY2015 – undermining the health of Indian spinning mills.

Indian spinning mills are looking to domestic demand from the garments sector for relief from oversupply situation caused due to decline in cotton yarn exports to China. China has been a major importer of cotton yarn from India with a share of about 46% of Indian exports of the commodity, but that has declined substantially – to an estimated 4% in the first three quarters of FY2015 – undermining the health of Indian spinning mills.

http://www.business-standard.com/article/markets/cotton-yarn-spinners-cut-capacity-use-as-china-policy-causes-domestic-glut-115061000158_1.html
0

Textile ministers of all states called to fine tune the draft textile policy in Sept end

Related Keywords: announce national textile policy, draft textile policy, fine tune, garment sector, Mahatma Gandhi National Rural Employment Guarantee Scheme, Santosh Kumar Gangwar, Textile ministers of all states, Textile Ministry, Textile Park, Tirupur Exporters Association, Union government

Tirupur
Textile ministers to fine tune the draft textile policy
Summary: 
A meeting of textile ministers of all states would be convened in September end to fine tune the draft textile policy, so that the Union government can soon come out with a national textile policy, Minister of State for Textiles Santosh Kumar Gangwar said at the inauguration of the silver jubilee celebrations of Tirupur Exporters’ Association (TEA) in Tirupur.

A meeting of textile ministers of all states would be convened in September end to fine tune the draft textile policy, so that the Union government can soon come out with a national textile policy, Minister of State for Textiles Santosh Kumar Gangwar said at the inauguration of the silver jubilee celebrations of Tirupur Exporters’ Association (TEA) in Tirupur.

A textile venture capital fund would be set up with an initial capital of Rs. 35 crore, which would be scaled up further, the MoS said.

http://www.thehindubusinessline.com/news/textile-policy-to-be-announced-soon-gangawar/article6367038.ece?ref=sliderNews
0

Trade pact to help Vietnam textile and garment sector expand into major market

Related Keywords: Customs Union, Customs Union Russia, free trade pact, garment sector, TPP, Vietnam-EU Free Trade Agreement, Vietnamese textile industry, Vinatex

Vietnam
Trade pact to help Vietnam textile and garment sector expand into major market
Summary: 
The Vietnam National Textile and Garment Group’s (Vinatex) deputy general director, Le Tien Truong during the conference in Ho Chi Minh city held to discuss the group’s public offering state that there is a growth witnessed in the garment and textile sector, its clothing exports have grown more than 15 percent annually since 2001 while the garments make up over two percent of global market share

The Vietnam National Textile and Garment Group’s (Vinatex) deputy general director, Le Tien Truong during the conference in Ho Chi Minh city held to discuss the group’s public offering state that there is a growth witnessed in the garment and textile sector, its clothing exports have grown more than 15 percent annually since 2001 while the garments make up over two percent of global market share.
 

http://www.thanhniennews.com/business/vietnams-garment-sector-set-to-balloon-following-trade-pacts-28239.html
0

Pakistan forms six working groups development of textile and garment sector

Related Keywords: business concil, garment sector, GSP Plus status, Pakistan textile sector, Quaid-e-Azam Apparel Park, six working groups, special incentives

Lahore
Pakistan forms six working groups  development of textile and garment sector
Summary: 
Pakistan government is taking comprehensive measures for further development of its garment and textile sector to boost exports. One of the measures is that the government has formed six working groups for the development of garments and textile sectors.

Pakistan government is taking comprehensive measures for further development of its garment and textile sector to boost exports. One of the measures is that the government has formed six working groups for the development of garments and textile sectors. The textile and garment sectors are offered more facilities to gain maximum benefit from GSP Plus status as well as creating new job opportunities in the country and increasing exports, this was stated by the Punjab Chief Minister Muhammad Shahbaz Sharif Friday.

http://www.nation.com.pk/business/28-Jun-2014/cm-forms-working-groups-for-textile-sector-development
0

Pak-Korea ties to strengthen its economies

Related Keywords: cotton, Faisalabad chamber of Commerce n industry, garment sector, Korean textile machinery, Pakistan textile sector, technology

FAISALABAD
Pak-Korea ties to strengthen its economies
Summary: 
The first ever visit of top leadership of Korea to Pakistan during the last 31 years will open new avenues of cooperation between the two countries. It is a positive step and historic achievement for the promotion of bilateral ties, said Ambassador of Korea in Pakistan Dr Song Jong-hwan while addressing the business and trade community at Faisalabad Chamber of Commerce & Industry.

The first ever visit of top leadership of Korea to Pakistan during the last 31 years will open new avenues of cooperation between the two countries. It is a positive step and historic achievement for the promotion of bilateral ties, said Ambassador of Korea in Pakistan Dr Song Jong-hwan while addressing the business and trade community at Faisalabad Chamber of Commerce & Industry.

http://www.nation.com.pk/national/19-Jun-2014/ambassador-eyes-new-era-of-pak-korea-ties
0

Vietnam textile and garment sector strives hard to set firm in global market

Related Keywords: garment sector, textile exports, TPP economies, Vietnam textile sector

HANOI
Vietnam textile and garment sector strives hard to set firm in global market
Summary: 
Textile and garment sector of Vietnam has been playing an important role in national socio-economic development of the country. Not only the textile and garment sector in recent years has witnessed fast and sustainable growth but has been contributing significantly to country’s total export revenue. Vietnam's garment and textile sector earned US$19.8 billion from exports in 2013, up 16.9 percent year-on-year of which garments and textiles exported to 11 TPP economies stood at over US$11 billion.

Textile and garment sector of Vietnam has been playing an important role in national socio-economic development of the country. Not only the textile and garment sector in recent years has witnessed fast and sustainable growth but has been contributing significantly to country’s total export revenue. Vietnam's garment and textile sector earned US$19.8 billion from exports in 2013, up 16.9 percent year-on-year of which garments and textiles exported to 11 TPP economies stood at over US$11 billion

http://www.bernama.com.my/bernama/v7/wn/newsworld.php?id=1046856
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