The government is expected to increase incentives for the labour-intensive textiles industry in the forthcoming Budget to boost sector's exports and manufacturing. As a part of support to the textiles sector, the government may enhance allocation for the Technology Upgradation Fund Scheme (TUFS) in the Budget, sources said.TUFS, launched in 1999, facilitates modernisation and upgradation of textiles industry by providing credit at reduced rates to entrepreneurs both in the organised and the u

The exports of garments and textiles from Cambodia grew by 8.98 percent to US$ 1.173 billion in the first three months of the current year, compared to exports of $1.076 billion made during the same period last year, according to the consolidated released by the Garment Manufacturers Association in Cambodia (GMAC). As per GMAC’s revised month-wise garment and textile export figures, Cambodia exported $287.07 million worth of goods in January 2014, followed by exports of goods valued at $440.7

Workers at the 10-10 Garment Co make mosquito-nets for export to Africa.Viet Nam's trade with the bloc has risen sharply in recent years, reaching US$4.3 billion last year. — VNA/VNS Photo Tran Viet Vietnamese firms should be proactive in boosting exports to the promising African and Middle Eastern markets, a seminar heard in HCM City on Thursday. Together, the two regions have 70 countries with a population of more than 1.2 billion and a huge demand for all kinds of goods, especially co

Vietnam's garment industry is expected to affected the most by minimum wage increase. Photo: Diep Duc Minh Employers’ organizations have asked that minimum wage increase be kept below 12 percent in 2015 or halted altogether to ensure sustainable employment in Vietnam. “We expect 2015 to be another difficult year and many companies will tighten recruitment and business expansion if there is a high increase in minimum wage,” Phung Quang Huy, director of Employers’ Bureau at the Vietnam C

The government is going to announce a five-year textile policy with a fund of Rs80 billion next month, the Minister for Textile and Industry said on Wednesday. Abbas Khan Afridi said that Pakistan exports textiles, mostly in raw form, including cotton and yarn of $10 billion and if value-addition is made, the exports could even touch $75 billion mark, he said, while addressing the “Pakistan Cotton Consultative Conference” in Islamabad. “Pakistan is also going to soon sign a memorandum of

Federal Minister for Textile Industry, Abbas Khan Afridi said Wednesday that country’s exports would increase by $2 billion annually owing to the incentives provided by the government to the textile sector. He was addressing a press conference at the conclusion of a day-long Pakistan Cotton Consultative Conference organized by the Ministry of Textile Industry with an aim to take recommendations and proposals from the stakeholders for the promotion of textile sector. The minister was flanked b

India's apparel exports jumped by 24.96 percent to 1.49 billion U.S. dollars in May because of demand from Latin America, West Asia, Southern Africa and East Asia, the Apparel Export Promotion Council (AEPC) said Thursday. The value of apparel exports in the first two months of the current fiscal stood at 2.81 billion U.S. dollars, which is 20 percent higher than the corresponding period of last fiscal. Some problems related to the garment industry in the major competing countries like Chi

Striking workers outside the Li Kyant Footwear Factory in Yangon's outer western Hlaing Tharyar Township on June 11. Photo: Nyein Thit Nyi The management of a footwear factory in Yangon says it cannot afford to pay the K30,000 minimum monthly wage demanded by 600 workers who went on strike over the issue on June 9. "As we are paying a rate of 125 kyats an hour, their salary is at least 65,900 kyats a month and we will not meet their demand for a minimum wage," Daw Aye Aye Mon from the Myan

In the first five months of 2014, the textile and garment sector maintained stable export growth compared with the same period last year and continued to stand among the top sectors in terms of the export value, the Vietnam Economic News reported. According to the data released from the Ministry of Industry and Trade, in the first five months of 2014, the export value of the textile and garment sector reached 7.44 billion USD, a rise of 17 percent compared with the same period last year. In t

Representatives of national industry called a press conference at Mongol News press agency about a huge investment in the textile industry, namely the establishment of a partnership contract. The agreement calls for an annual three million EUR in Mongolian exports. As of today, a total of 450 textile factories are operating in Mongolia. Before soft loans from the Chinggis Bond for equipment and facilities were granted to textile factories, the Mongolian textile industry had been operating wit