Latest News

September 9th, 2010

The Apparel Export Promotion Council is organizing the first ever Source One Exhibition, a Fabrics and Accessories Show from 22-24 November 2010 at Apparel House, Gurgaon, Haryana.
A seminar was organized in Surat on 27th Aug 2010 to appraise the suppliers of raw materials to the garment industry which buys approx. Rs.25000 Crores worth of input [...]

September 9th, 2010

Bangladesh -Bangladesh textiles and garment sector has had a very successful run past several years boosting its economy. But today, domestic labour unrest is seriously ballooning in to a major crisis that may stunt the garment industry’s progress.
It is feared that the country may lose its hard earned reputation and position as a major sourcing [...]

September 7th, 2010

Bangladesh: The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday urged the government to keep banks open during holidays ahead of Eid to help them pay salaries to garment workers.
“We have already sent letters to the related ministry and Bangladesh Bank in this regard,” said Abdus Salam Murshedy, president of BGMEA.
Murshedy said the trade body [...]

September 3rd, 2010

Washington, DC – Following a year of detailed negotiations with fashion industry stakeholders, Senator Charles Schumer (D-NY) today introduced the Innovative Design Protection and Piracy Prevention Act (S. 3728), a realistic and practical approach that will offer intellectual property protection to unique and original fashion designs.
Supported by the American Apparel & Footwear Association (AAFA) and [...]

September 2nd, 2010

India: Spanish textiles firm Inditex Group has said it will open an e-commerce store for the Zara brand later this week. Inditex’s CEO and deputy chairman Pablo Isla has defined the launch as “an important strategic step.”
The launch will include Spain, France, Germany, Britain, Italy and Portugal with the company saying it will be followed [...]

August 31st, 2010

Zu Cowperthwaite joined Hermes Fund Managers in Boston as a portfolio manager on the firm’s global equities team, confirmed John Chisholm, an institutional portfolio manager with the firm.
Her post, responsible for stock selection in the global consumer sector, is new. She becomes the global equities team’s eighth member.
Ms. Cowperthwaite was co-portfolio manager of a Loomis [...]

August 31st, 2010

Zhejiang Litian Group signed an agreement with Wensu local government in August 12th to invest a 100,000 spindles line, 10 ring spinning lines, 300,000 sets of home textile lines and two weaving bags lines.
Zhejiang Litian Group is a large company invloving in home textile, fabrics manufacturing, plastics, printing and trade. Under this agreement, this project [...]

August 28th, 2010

New York, NY – Paris, Texas cotton producer Ricky Bearden was unanimously voted in as the Cotton Incorporated Board Chairman for the 2010 through 2012 term. Bearden succeeds California grower Ted Sheely, who held the post for the prior two years. Mr. Bearden brings more than 30 years of practical experience as a cotton producer [...]

August 28th, 2010

Bangladesh: UNB, Dhaka The government does not plan to lower the interest rate right now, Finance Minister AMA Muhith said Tuesday. “We’re not in a position to assure you of lowering the interest rate,” Muhith said while replying to business leaders at a meeting held at the secretariat on Tuesday. Presidents of Bangladesh Garment Manufacturers [...]

August 28th, 2010

Bangladesh: BGMEA Thursday appreciated the government’s latest decision of reviving 270 sick garment factories to help rehabilitate the units by resuming production.
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) in a statement said the decision has proved that the government is industry and labour-friendly.
The government’s decision came considering the important role of the ready-made garments (RMG) [...]



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