Chinese Foreign Minister Wang Yi has commended Indian's economic growth said that his country was keen to boost investments in India by which the two countries can contribute significantly in helping the world economy by keeping up their growth momentum. “First of all, we both need to grow our own national economies. On this front, we want to commend India for doing a good job in promoting economic growth,” Wang told PTI in Moscow. Wang, who was in Moscow to attend Foreign Ministers' meeti

Burkina Faso, Africa's top cotton producer and the sole West African nation to venture into biotech farming, is dropping genetically-modified (GM) cotton on quality grounds. The world's 10th largest cotton producer, with four of its 19 million people dependent on the "white gold", Burkina Faso earlier this month said it was giving up Monsanto's GM Bt cotton because it had proved uneconomical. Burkina took up GM cotton in the 2000s in the hopes of bumping up returns on what was then its top e

Straight, skinny but a bit stretchy and loose in dirty blue -- that is going to be the latest in denim fashion worldwide, said designer and denim trend analyst Amy Leverton. So, Bangladeshi denim makers should focus on these design elements to grab greater market share in the West, added Leverton, speaking at the fourth Bangladesh Denim Expo that began yesterday at the International Convention City Bashundhara in Dhaka. The current trends will not disappear, as the upcoming trend is very s

Federal Minister for National Food Security and Research Sikandar Hayat Khan Bosan, during his meeting an Italian business delegation on Wednesday, said that to achieve better production, duties had already been brought down from 43 percent to 9 percent. However, Pakistan is considering to further decrease import duties on machinery in order to improve production of textiles and other leather apparels. The ministers expressed his desire and resolve to make the agriculture sector modern by

Readymade garment sector has called upon the National Board of Revenue to reduce tax at source to 0.3% from existing 0.6% on export of apparel products. It also requested the NBR to consider it to be the final settlement from the budget for fiscal year 2016-17. Representatives from Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Bangladesh Garments Accessories and Packaging Manufacturers and Exporters Association (BGAPMEA), Bangladesh Jute Goods Exporters Association an

A Swedish company, Sustainably Yours Ltd, has rolled out its leather products brand Sandlund/Hossain in the international markets. The firm that has operations in Bangladesh aims to establish an environment-friendly leather and leather goods production chain within three years. Civil Aviation and Tourism Minister Rashed Khan Menon inaugurated the brand at a ceremony at Nordic Club in Dhaka on Wednesday. Johan Frisell and Hanne Fugl Eskjær, ambassadors of Sweden and Demark, were also presen

Union Textiles Minister, Santosh Kumar Gangwar who is also the Chairman of All India Handloom Board speaking at the first meeting of the recently constituted All India Handloom Board was held in New Delhi, on 19th April said that the Government is committed to develop and promote handloom sector. He gave an overview of the various initiatives being taken by the Government for the development of the sector. The Minister conveyed to the Board members that the Government under the leadership of

Turkey to hit anti-dumping duties on U.S. cotton imports, the decision to introduce tariffs has been widely expected since Turkey's Economy Ministry said in February that U.S. cotton was hurting the country's domestic industry, a U.S. industry trade association said on Monday, fraying relations between one of the world's top fiber growers and one of its biggest customers amid weak global prices and demand. Imports on a cost, insurance and freight (CIF) basis will incur dumping duties of 3 per

A 15-member Jordanian business delegation from the Amman Chamber of Commerce (ACC) and the Textile & Ready-Made Clothes Syndicate which visited the first-ever textile-sector specific exhibition 'Texpo', organised by Trade Development Authority of Pakistan (TDAP), has been impressed with the quality and prices of the textile products in the exhibition. The delegation was led by ACC board member Marwan Ghaith, and Sultan Allan, the syndicate's president. “The Jordanian businessmen were v

Sweden's re:newcell AB has announced that they have started the construction of their demonstration plant, where a completely new way of recycling cotton will revolutionise the fashion industry. With the company's newly developed technology, old textiles such as jeans or t-shirts, can be converted into new textile pulp. Such re:newcell pulp is then used to produce new clothes. The factory is located inside the AkzoNobel facility in Kristinehamn, Sweden, and is expected to be completed during the