GBTL Grasim signs Amitabh Bachchan as brand ambassador

News Tags: aiming to expand business, Amitabh Bachchan as brand ambassador, become market leader, both pan-India, fashionable and innovative brand, GBTL Ltd Grasim, global market, licensed user of TM Grasim, manufacturing of polyester viscose, polyester wool fabric, progress towards strategic goal, signed fashion icon, take brand to a supreme level

Mumbai
GBTL Grasim signs Amitabh Bachchan as brand ambassador
Summary: 
GBTL Ltd – Grasim (licensed user of TM Grasim) aiming to expand its business both pan-India as well as in global market, and progress towards their strategic goal to become the market leader has signed ‘fashion icon’ Amitabh Bachchan as its brand ambassador. By roping in Bachchan; the company has demonstrated its intent to take the brand to a supreme level, addressing the market needs and preferences of consumers across the length and breadth of India.

GBTL Ltd – Grasim (licensed user of TM Grasim) aiming to expand its business both pan-India as well as in global market, and progress towards their strategic goal to become the market leader has signed ‘fashion icon’ Amitabh Bachchan as its brand ambassador. By roping in Bachchan; the company has demonstrated its intent to take the brand to a supreme level, addressing the market needs and preferences of consumers across the length and breadth of India.

http://bestmediainfo.com/2017/10/gbtl-grasim-signs-fashion-icon-amitabh-bachchan-as-brand-ambassador/
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Sri Lankan investors eyeing Bangladesh market

News Tags: apparel industry, Bangladesh exports apparel, cheaper rates, export apparel to the European market, eyeing Bangladesh., Free trade agreement, global market, labour rights issue, lack of sufficient labour, Maithripala Sirisena, not secured GSP Plus, Sri Lanka enjoys GSP plus, Sri Lankan President, strengthen bilateral ties, visited Bangladesh

Colombo
Sri Lankan investors eyeing Bangladesh market
Summary: 
Recently, Sri Lankan President Maithripala Sirisena visited Bangladesh to further strengthen the bilateral ties between the two nations which values at US $ 142 million and has potential to be boosted. For this purpose, there must be mutual understanding economically and politically between the two countries, in addition to the free trade agreement (FTA), for which two high commissioners had discussions a few months ago.

Recently, Sri Lankan President Maithripala Sirisena visited Bangladesh to further strengthen the bilateral ties between the two nations which values at US $ 142 million and has potential to be boosted. For this purpose, there must be mutual understanding economically and politically between the two countries, in addition to the free trade agreement (FTA), for which two high commissioners had discussions a few months ago.

http://www.dailymirror.lk/article/Bangladesh-A-market-for-Sri-Lankan-investors-133362.html
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Ethiopian textile sector leads the path to Industrialization

News Tags: apparel, attract top international firms, domestic, ease in entry, Ethiopian textile sector, Garments, global market, Hawassa Industrial Park, join middle income status, making all efforts, paves the way for nation, preferable gateway, productions of textile, step into industrialization, textile sector would benefit large number of people

Africa
Ethiopian textile sector leads the path to Industrialization
Summary: 
Ethiopian textile sector is a preferable gateway to step into industrialization because of the ease in entry and it is making all efforts to attract top international firms. The textile sector would benefit large number of people and paves the way for nation to join middle income status in the very near future.

Ethiopian textile sector is a preferable gateway to step into industrialization because of the ease in entry and it is making all efforts to attract top international firms. The textile sector would benefit large number of people and paves the way for nation to join middle income status in the very near future.

http://allafrica.com/stories/201707060485.html
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India may face challenge of phasing out export subsidies soon

News Tags: deadline for ending direct subsidies, export incentive to any sector, export subsidy regime, foreign trade policy, global market, including textiles, India, per capita gross national income, phase out all export incentives, set to cross USD thousand, textile companies, three consecutive years, World Trade Organization rules bar

New Delhi
India may face challenge of phasing out export subsidies soon
Summary: 
India may face the larger challenge of completely phasing out all export incentives with its per capita gross national income (GNI) set to cross $1,000 for three consecutive years, after which India may soon have to phase out its export subsidy regime in the current form as World Trade Organization (WTO) rules bar it from offering export incentives to any sector, including textiles, when it reaches certain thresholds that it is nearing. The deadline for ending direct subsidies to textile companies is December 2018.

India may face the larger challenge of completely phasing out all export incentives with its per capita gross national income (GNI) set to cross $1,000 for three consecutive years, after which India may soon have to phase out its export subsidy regime in the current form as World Trade Organization (WTO) rules bar it from offering export incentives to any sector, including textiles, when it reaches certain thresholds that it is nearing. The deadline for ending direct subsidies to textile companies is December 2018.

http://www.livemint.com/Politics/Mbd5mGqm55uYvOQ4Di9l8L/India-export-subsidies-may-have-to-be-phased-out-soon.html
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Bangladesh textile sector fear losing global competitiveness after using LNG

News Tags: BTMA, Dhaka international textile and garment machinery exhibition, difficult to remain competitive, four day mega expo, global market, government is going to establish a LNG terminal in Kutubdia Island, increase the production cost, manufacturing units, set to kick off, supply imported gas, Textile Industry, textile machinery

Dhaka
Bangladesh textile sector fear losing global competitiveness after using LNG
Summary: 
The four-day mega expo on textile machinery Dhaka International Textile and Garment Machinery Exhibition (DTG) 2017 is set to kick off at Bangabandhu International Conference Center (BICC) in the city on Thursday.

The four-day mega expo on textile machinery Dhaka International Textile and Garment Machinery Exhibition (DTG) 2017 is set to kick off at Bangabandhu International Conference Center (BICC) in the city on Thursday.

Bangladesh Textile Mills Association (BTMA) President Tapan Chowdhury addressing a press conference on the upcoming DTG -2017 in the city on Sunday said that the government is going to establish a LNG terminal in Kutubdia Island to supply imported gas to the industry people as the country fears of finishing its natural gas stock in near future.

http://www.dhakatribune.com/business/2017/02/20/textile-millers-fear-losing-global-competitiveness/
0

FTA’s push Vietnam to focus on domestic supply chain

News Tags: AGTEK, attracted to Vietnam, challenges and risks, despends on imported raw material, global market, HCM City Association of Garment Textile Embroidery and Knitting, join hands, low labour cost, many foreign investors, Recent signing of FTAs, supply chain, transform fabric to garment, TUV SUD, value addition, Vietnamese companies

HCM city
FTA’s push Vietnam to focus on domestic supply chain
Summary: 
After the recent signing of FTA’s, many foreign investors have been attracted to Vietnam according to the chairman of the HCM City Association of Garment Textile Embroidery and Knitting. But the FTAs not only bring opportunities but also challenges and risks for Vietnamese companies.

After the recent signing of FTA’s, many foreign investors have been attracted to Vietnam according to the chairman of the HCM City Association of Garment Textile Embroidery and Knitting. But the FTAs not only bring opportunities but also challenges and risks for Vietnamese companies.

Việtnam depends on imported raw materials from China, Korea and Taiwan, and the sector does not create much value addition in the supply chain since it merely does low value-added work such as cut-make-trim services to transform fabric into garments to export.

http://vietnamnews.vn/economy/347730/textile-industry-urged-to-develop-supply-chain.html#O8DeizU1ABQ7k587.97
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Pak buyers to make contracts for 300,000 lint bales by end June 2016

News Tags: demand for raw cotton gone up, end of June this year, forced leading buyers of Pakistan textile and commercial sector, global market, India, KCA, make contract for cotton bales, Shortfall in cotton production, Textile and spinning sector to bear load of imports, with traders in South Africa, with USA for prime cotton grade

Karachi
Pak buyers to make contracts for 300,000 lint bales by end June 2016
Summary: 
The shortfall in cotton production 2015-16 season in the country has forced leading buyers of Pakistani textile and commercial sector to make import contracts for 300,000 cotton bales with traders in South Africa, India and with USA for prime cotton grade (PIMA) during May-June 15, 2016.

The shortfall in cotton production 2015-16 season in the country has forced leading buyers of Pakistani textile and commercial sector to make import contracts for 300,000 cotton bales with traders in South Africa, India and with USA for prime cotton grade (PIMA) during May-June 15, 2016.

According to senior member of Karachi Cotton Association (KCA), exporter, importer and ginner Ghulam Rabbani, they expect to import more than 1.5 million bales of various qualities amounting to $24.3 billion till end this year.

http://dailytimes.com.pk/business/16-Jun-16/traders-mature-import-of-300000-lint-bales-by-end-june-2016
0

Bangladesh yarn makers benefit due to cotton prices decline worldwide

News Tags: Bangladesh yarn maker, benefit from declining cotton prices worldwide, BTMA, exported millions worth of garments, global market, good supply of cotton at favourable prices, leading garment exporters, mainly knitwear items, Mondol Group, received ample work orders from international retailers, yarn market stable in last one year

Dhaka
Bangladesh yarn makers benefit due to cotton prices decline worldwide
Summary: 
The declining cotton prices worldwide have kept Bangladesh yarn market stable in the last one year. About a year ago, cotton was traded at nearly $1 a pound in the global market when yarn was sold for $3.3 to $3.4 a kg in Bangladesh.

The declining cotton prices worldwide have kept Bangladesh yarn market stable in the last one year. About a year ago, cotton was traded at nearly $1 a pound in the global market when yarn was sold for $3.3 to $3.4 a kg in Bangladesh.

Momin Mondol, managing director of Mondol Group, one of the leading garment exporters of Bangladesh said that the domestic yarn market is stable now as the cotton prices declined worldwide.

http://www.thedailystar.net/business/yarn-makers-benefit-falling-cotton-prices-1199191
0

SIMA urge for market access policy for textiles industry

News Tags: conclusion of FTAs, excess production capacity, extend three percent incentive for yarn, five percent for fabrics seven percent for garments and made-ups, global market, M Senthil Kumar, market access policy required, newly elected chairman, SIMA, textile export declining, Textile Industry

Coimbatore
SIMA urge for market access policy for textiles industry
Summary: 
The newly elected chairman M Senthil Kumar of Southern India Mills’ Association (SIMA) at its 56th Annual General Meeting held yesterday, said that as the textile industry was equiped with excess production capacity it first and foremost urgently requires market access policy to have a level playing field in global markets.

The newly elected chairman M Senthil Kumar of Southern India Mills’ Association (SIMA) at its 56th Annual General Meeting held yesterday, said that as the textile industry was equiped with excess production capacity it first and foremost urgently requires market access policy to have a level playing field in global markets.

Therefore, the government should expedite conclusion of Free Trade Agreements with China, EU, Australia, Canada and other countries and gain market access, he added.

http://retail.economictimes.indiatimes.com/news/industry/market-access-policy-urgently-required-for-textiles-industry-sima/49111683
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Move by Chinese govt allowing yuan to decline to affect Indian textile exports

News Tags: adverse impact on textile exports from India, against US dollar, allowing official currency, become cheaper, coping up with lower demand, global market, Indian textile industry, move by Chinese government, textile imports from China, Yuan to decline

Mumbai
Move by Chinese govt allowing yuan to decline to affect Indian textile exports
Summary: 
The Indian textile industry is already coping up with lower demands in the global markets. But the move by Chinese government allowing its official currency, Yuan, to decline by about 4% against the US dollar is expected to adverse impact on textile exports from India.

The Indian textile industry is already coping up with lower demands in the global markets. But the move by Chinese government allowing its official currency, Yuan, to decline by about 4% against the US dollar is expected to adverse impact on textile exports from India.

http://www.indiainfoline.com/article/news-top-story/devaluation-of-chinese-yuan-set-to-adversely-affect-india-s-textile-exports-115081401052_1.html
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