Garment Exports

The Ukraine war's shockwaves are hurting Bangladesh's apparel industry

Clothing and textile production is by far the biggest industry in Bangladesh

India-Australia trade pact to help boost garment exports, says AEPC

Implementation of the free trade agreement between India and Australia will help boost garment exports, AEPC said on Wednesday. The agreement was approved by the Australian Parliament on Wednesday, paving the way for its rollout. Apparel Export Promotion Council (AEPC) Chairman Naren Goenka said the duty-free access for the sector to Australia under the trade pact will bring domestic exporters at par with global competitors and make local products competitive. "This will also provide a good opportunity for the Australian companies to embrace China plus one policy," he said. Recently, an AEPC delegation participated in the International Sourcing Expo in Australia. Goenka said that the Australian companies are eagerly waiting to forge stronger ties and source garment and textiles products from India and this deal will be a shot in the arm for them. "AEPC will be facilitating the Indian companies to connect with the right partners through its export promotion initiatives," he ...

Bangladesh, Vietnam seen as competitors in textile and garment trade

With a share of about 13 per cent, UP is one of the top three domestic textile players. Bangladesh, Vietnam, and Indonesia are the leading textile exporters in the Asia region.

Bangladesh, world's no 2 clothes exporter, sees order drop as power falters

Bangladesh's garment industry is facing a double whammy from slowing global demand and an energy crisis at home that's threatening to thwart the nation's pandemic recovery

Gokaldas Exports slips 7%, stock hits over 6-month low

According to a report, global garment retailers are asking Indian exporters to reduce apparel prices as cotton prices have dropped 16 per cent and the Indian rupee has devalued against the US dollar.

Bangladesh may become India's fourth largest export destination in FY22

Bangladesh's growth stems largely from its success as an exporter of garments, which account for around 80 per cent of its total exports

Covid cuts Tirupur garment hub biz, 10% orders go to other nations

According to Tirupur Exporters' Association, the industrial belt has seen a production loss of about Rs 10,000 crore during the last two months due to stoppage of manufacturing

Bring yarn under Essential Commodities Act: TN garment exporters

The South Indian Hosiery Manufacturer Association has called upon the Centre to ban the export of yarn and fabric and bring yarn under the Essential Commodities Act.

Factory reset: Okhla MSMEs limp back, garment units still ailing

Export logistics are troubling many industries. While some are facing container shortages, others are looking at increased freight costs in key markets

Tirupur's textile units ask spinning mills to resume cotton supply

They allege that the latter stopped supplies without reason, say that this could hugely impact export biz

Garment exporters rejoice as US-China trade war proves to be silver lining

The Sino-US trade war has offset the pandemic-induced slowdown

Garment exports begin to see revival, September fall lowest in 5 months

Garment exporters have started seeing the revival of demand, which in turn has increased capacity utilisation to around 60-80 per cent

Unlock: Major garment export factories back to 60-80% capacity utilisation

The development comes months after shipments were kept on hold by international customers due to lockdown imposed in their respective countries

Study paints grim picture for garment sector with likely job cuts, closures

74% of its respondents see a 90% drop in sales for the quarter ending June 2020

Only 22% garment units running despite easing of lockdown, says survey

The units are mostly operating at 25% capacity, and many of them are making masks and PPEs to cash in on the Covid-19 market

'All my dreams are shattered' - Coronavirus crushes Asia's garment industry

Since the 1960s, Asia has grown into the world's garment factory, sending about $670 billion worth of clothes, shoes and bags a year to Europe, the United States and richer Asian countries

Bangladeshi garment export faces $6 bn hit as world retailers cancel orders

Garment exports accounted for $34.12 billion, or 84% of the country's overall exports of $40.53 billion, in the fiscal year ended June 30, 2019.

Cabinet okays extension of tax rebate scheme for export of garments

Under the scheme, maximum rate of rebate for apparel is 6.05 per cent, while for made-ups, this goes up to 8.2 per cent

Coronavirus outbreak to take heavy toll on readymade garment exports

Exporters have attributed the drop mainly due to COVID-19, which impacted sentiment in the European market - the largest for Indian exporters

Govt rolls out 1% additional ad-hoc incentive for garments and made-ups

As RoSL and MEIS were simultaneously available along with RoSCTL, many exporters factored in both in their costing. Exporters said the government had at no point issued any notification on this.