Search Results for: India
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TÜRKIYE DAIRY PRODUCTION FALLS AS INDUSTRY STRUGGLES WITH INFLATION AND DEPRECIATING LIRA

ASIAN PAINT REGULATORY ROUND UP – INDONESIAN EXTERIOR PAINT STILL USES LEAD, WARNS WORLD BANK

ASIAN PAINT REGULATORY ROUND UP – CHINA CRITICISES EUROPEAN TITANIUM DIOXIDE ANTI-DUMPING DUTY
JAPAN PAINT SECTOR STRUGGLES TO SELL TO PRIVATE CONSUMERS, BUT B2B SEGMENT IS ROBUST
Japanese paint manufacturers are facing challenging times – reducing costs where possible as the price of inputs rise, to reduce pressure on final product pricing as they deal with a local consumer market with declining consumption. Economic pressures caused by geo-political turbulence and the weak Japanese yen are both creating challenges, according to industry experts.…
PAKISTAN GOVERNMENT, EXPORTERS HAVE CONFLICTING VIEWS ABOUT TEXTILE INDUSTRY’S FUTURE OUTLOOK
Prospects of a bumper cotton crop on Pakistan this year (2023) and a planned extension to December 2027 of the country’s European Union (EU) GSP+ trade benefit status has raised hopes for increased sales by the Pakistan clothing and textile sector within the country’s government (1).…
INDIAN CLOTHING SECTOR IS ENTHUSIASTIC MECHANISER – BUT JOBS ARE SAFE, SO FAR
The Indian clothing manufacturing sector is investing enthusiastically in new technology, but digitisation, AI, robotics and automation has yet to see jobs being shed on a significant scale, said industry experts. AI-powered automation of processes along with the abundant availability of skilled labour, is preparing the Indian garment industry to gain market share in the global trade, argues Harminder Sahni, managing director of Gurgaon, India-based consultancy Wazir Advisors: “Sampling, colour matching and approvals from foreign buyers, which used to be very time consuming, is now happening more and more online,” he told Just-Style.…
HIGH INDIAN TEXTILE COMPANY OFFERS VISION OF INTEGRATED DIGITAL PLATFORM LINKING CLOTHING MANUFACTURERS
A wide variety of small garment orders for manufacturers could be made practical to manage through newly created digital systems developed in India, which can also reduce waste and conserve the environment.
“From growing cotton to dying fabric, 6,000 to 7,000 litres of water is spent on making one garment and eventually 30 percent of [apparel products] end up in landfills,” Gunish Jain, CEO of BlueKaktus, a fashion technology and garment manufacturing company, based in New Delhi, told Twinn, “Big brands have been ordering far in excess of their requirement but that is now changing.”…
INTERNATIONAL REGULATORY ROUND UP – ICCO WARNS OF ONGOING GLOBAL COCOA SUPPLY DEFICITS
The International Cocoa Organisation (ICCO) has predicted that the chocolate industry will continue to face cocoa supply deficits, with its latest quarterly assessment predicting that for 2022/3, there will be 99,000 tonnes more grindings than cocoa production. As a result, global stocks will fall to 1.744 million tonnes, amidst declines in output from key production hubs Ghana and Côte d’Ivoire.…
VEGAN CHOCOLATE BOOMS WORLDWIDE, WITH BRANDS INVESTING IN QUALITYVEGAN CHOCOLATE BOOMS WORLDWIDE, WITH BRANDS INVESTING IN QUALITY
With consumers becoming increasingly health conscious worldwide, demand for vegan chocolate, replacing dairy ingredients with plant-based materials, is growing fast.
According to US-based Grand View Research, the global vegan confectionery market – dominated by chocolate – is anticipated to generate USD2.62 billion in annual revenues by 2030, expanding at a compound annual growth rate (CAGR) of 9.9% from 2023’s USD1.23 billion.…
ASIAN PAINT AND COATING REGULATORY ROUND-UP – NEW ZEALAND PLANS TO SLASH LEAD CONTENT IN PAINTS
The New Zealand Environmental Protection Authority (EPA) has called for comments on planned reductions to allowable lead levels in paints, and in art materials such as chalk, crayons, and felt-tip pens.
The country’s current lead level limit for paint is 0.1% (1,000 parts per million/ppm) and the proposed changes would reduce this to 0.009% (90ppm), in line with countries including Australia, Canada and the United States, the EPA said in a note.…
FLEXIBLE PACKAGERS FACE DEMANDING DESIGN AND SUSTAINABILITY CHALLENGES
Demands on flexible packaging designers to help products stand out on shelves while ensuring maximum protection for products and sustainable environmental credentials are a tough mix of requirements for packaging makers – but they are succeeding in delivering these goals.
There are many choices for innovators in the sector.…
TEXTILE, FASHION NEEDS TO SHIFT FROM LINEAR TO CIRCULAR ECONOMY, EURATEX CONFERENCE TOLD
Speakers at the Textile & Fashion Forum Helsinki 2023 have stressed the need to transform the textile sector from linear to circular economy principles, to achieve robust sustainable practices across the industry.
Leading textile and fashion professionals and experts stressed the need for green innovation at a two-day forum organised by Finland’s clothing and textile industry association Finnish Textile & Fashion and European industry organisation Euratex.…
SHRINK SLEEVE AND STRETCH SLEEVE LABELLING GOING STRONG DESPITE SUSTAINABILITY CHALLENGES, SAY EXPERTS
This summer, Ferrero Rocher launched a Belgian eye-catching limited-edition range of its
flagship Nutella 700g glass jars, featuring 11 different must-see sights from Antwerp’s train station to Villers-la-Ville’s abbey, mirroring a ‘Love Your Country’ campaign that has run in Ferrero’s home country Italy.…
HOME PAINT CHOICES VARY BY GENERATION – WITH NEWER CONSUMERS TAKING MORE CARE OVER COLOUR RESEARCH
Over the past 50 years, generational differences in style and colour preference have altered demand for decorative paints, but geography and climate are also drivers when it comes to choosing interior coatings. More recently, at a more global level, differentiation has sharpened between the tastes of Baby Boomers and Generations Y (Millennials) and Z.…
USING AI TO DETECT AND FIGHT TRADE-BASED-MONEY LAUNDERING USING AI TO DETECT AND FIGHT TRADE-BASED-MONEY LAUNDERING
As artificial intelligence (AI) systems advance, detection of trade-based-money laundering (TBML) should improve, but there are major drawbacks to widespread implementation, notably though a dearth of available trade data, and poor statistical harmonisation worldwide. Paul Cochrane reports.
Artificial intelligence (AI) and machine-based learning has been used for the past decade by financial institutions to sift through vast amounts of data to spot anomalies as well as verify information.…
USING AI TO DETECT AND FIGHT TRADE-BASED-MONEY LAUNDERING
As artificial intelligence (AI) systems advance, detection of trade-based-money laundering (TBML) should improve, but there are major drawbacks to widespread implementation, notably though a dearth of available trade data, and poor statistical harmonisation worldwide. Paul Cochrane reports.
Artificial intelligence (AI) and machine-based learning has been used for the past decade by financial institutions to sift through vast amounts of data to spot anomalies as well as verify information.…
INDIA’S GROWING POPULATION AND ECONOMY MAJOR PRIZE FOR CONFECTIONERY INDUSTRY
The Indian confectionery industry, which according to London-based market researcher Euromonitor International, is expecting sales of Indian Rupees INR335.92 billion (USD4.05 billion) in 2023, up 13.4% year-on-year, excelling with consolidation, automation and advanced packaging.
Growth is seen in almost every confectionery and sweet bakery segment, as per Euromonitor data.…
INDIA’S GROWING POPULATION AND ECONOMY MAJOR PRIZE FOR CONFECTIONERY INDUSTRY
The Indian confectionery industry, which according to London-based market researcher Euromonitor International, is expecting sales of Indian Rupees INR335.92 billion (USD4.05 billion) in 2023, up 13.4% year-on-year, excelling with consolidation, automation and advanced packaging.
Growth is seen in almost every confectionery and sweet bakery segment, as per Euromonitor data.…
TREASURERS BEST PLACED TO HANDLE COMPANY ESG KPIs, EXPERTS TELL DUBAI CONFERENCE
Digitalisation is not only changing financial products and services, it is also shaping new roles and responsibilities of internal teams, pushing businesses to rely more heavily on treasurers to manage their company’s environmental, social, and governance (ESG) KPIs, according to industry insiders.…
SOUTH AFRICA PAINT AND COATING SECTOR FACES TOUGH ENERGY SUPPLY PROBLEMS – BUT LONG-TERM OUTLOOK IS POSITIVE
South Africa’s paints and coatings market is expected to generate USD2.1 billion by 2026 after growing at an estimated 5.6% compound annual growth rate (CAGR) between 2021 and 2026. This is according to India-based market research and data analytics provider IndustryARC (1).…
INTERNATIONAL REGULATORY ROUND UP – KENYA OPENED UP AS KNITWEAR SOURCING CENTRE FOR EUROPEAN BUYERS
Kenya is being opened as a potential outsourcing centre for European Union (EU) knitwear brands by a new EU-Kenya Economic Partnership agreement, now being considered for ratification by the EU Council of Ministers and the European Parliament (1). Once implemented, the deal will remove 12% and 9.6% EU duties charged on many knitted apparel exports from Kenya, potentially boosting a knitted apparel and accessory trade, growing in recent years.…
LOOMING INDIA-EU FREE TRADE DEAL OFFERS MAJOR BENEFITS TO BOTH PARTIES’ TEXTILE AND CLOTHING SECTORS
The textile and clothing industries of the European Union (EU) and India are closely monitoring negotiations to forge a free trade agreement (FTA), making steady progress since being relaunched last year (2022). Detailed talks were staged in New Delhi between June 17 and 23 (2023), with the EU seeking to reduce tariff barriers for India’s often protected market of 1.4 billion people.…
NONWOVENS ADHESIVES MANUFACTURERS INNOVATE TO OVERCOME ECONOMIC AND REGULARY PRESSURES
Companies in the nonwoven adhesives market are innovating to overcome geopolitical and environmental pressures forecast by market analysts to pose challenges for the next five years. Russia’s invasion of Ukraine’s impact on the global economy and energy prices; continued supply chain fallout from the Covid-19 pandemic; and growing sustainability concerns and associated regulatory changes are tough obstacles, claim market researchers OG Analysis, from Connecticut, USA.…
EGYPTIAN COTTON EXPORTS TO CHINA SURGE AS CHINESE SPINNERS AVOID BLACKLISTED XINJIANG FIBRES
Chinese textile and clothing manufacturers are increasingly relying on Egyptian cotton, over the past two seasons becoming Egypt’s second largest buyer of cotton, driven by the US ban on Xinjiang cotton, competitive pricing, and strong demand for luxury fibres.
“China has always been a player in Egyptian cotton, but they were never on top of the list.…
LLM MODELS POSE SERIOUS RISK TO AML – REGULATORS AND OBLIGED ENTITIES MUST PREPARE
AML vendors are keen to promote the benefits of artificial intelligence (AI) in fighting ML and TF, helping obliged entities detect and block dirty money flows. But every technology can also be wielded by bad actors, and AI is no different.…
KENYA GOVERNMENT MULLS TEXTILE PROTECTIONISM, BUT INDUSTRY LEADERS WARN THIS COULD BE A MISTAKE
Kenya’s government has proposed imposing a 25% tariff increase on imported clothing and textiles, a move designed to wean Kenyans off luxury imported clothes, supporting a domestic clothing and textile industry that has been harmed deeply by foreign-made garment sales.
Confirming the intention to introduce the new tax measures, investments, trade and industry cabinet secretary (minister) Moses Kuria said the new taxes would help Kenya’s textile and clothing industry: “The country has a rich textile sector that should be expanded,” said Kuria on August 14, while addressing Kenyan textile investors.…
PERU’S ALPACA AND COTTON EXPORTS: SEIZING OPPORTUNITIES AMIDST EU’S NEW TEXTILE STRATEGY
In the wake of the European Union’s (EU) impending sustainability-focused textile regulations and guidelines (1), Peru stands uniquely poised to amplify its exports of alpaca, camelid fibers, and cotton. This South American nation’s key to unlocking European markets lies in aligning its sustainability initiatives with the EU’s visions.…
NETWORKING INTELLIGENCE COULD HELP CRACKDOWNS ON BURGEONING APP FRAUD
While UK authorised push payment (APP) fraud losses were down 17% in 2022 year-on-year, they still cost victims GBP485.2 million (USD619 million) and comprised 57% of all reported cases relating to purchase fraud, with case volumes breaking 100,000 for the first time.…
AROUND THE WORLD IN APPAREL DUE DILIGENCE LEGISLATION
Regulators worldwide are cracking down on poor labour and environmental practices in apparel supply chains amid growing concerns about upstream parts of the clothing industry. Probes into major international fashion brands, who have been criticised about alleged malpractice by their suppliers have been encouraging legislative and regulatory reforms.…
FALLING DEMAND, FORCED LABOR REGULATIONS HAMMER VIETNAM’S FOOTWEAR INDUSTRY
This year, tens of thousands of workers have been laid off by footwear production factories in and around Ho Chi Minh City, the centre of Vietnam’s USD24 billion footwear export industry.
Fo example, Pou Yuen Vietnam, a Taiwanese supplier for global giants including Adidas and Reebok, let go 5,744 employees through June and July, following a round of layoffs impacting 2,358 workers in February. …
PORTUGAL TRIES TO ATTRACT FOOTWEAR CLIENTS AS A NEAR-SOURCING ALTERNATIVE TO ASIA
Portugal’s footwear industry is trying to maintain its near-shoring position as a western production hub, while attracting more business as a reliable alternative to Asian manufacturing hubs, investing in innovation, quality and sustainability.
Portugal comprises an important part of the remaining European footwear sector, which according to the World Footwear Yearbook 2023 produced just 2.7% of global output in 2022 (1).…
TUNISIA TEAMS UP WITH CHINA IN CREATING FUSION ENERGY RESEARCH LABOIRATOTY
A groundbreaking collaboration between Tunisia and China has yielded plans to develop a pioneering laboratory, solely dedicated to the realm of plasma physics, a key element of nuclear fusion research. The lab would be established in Tunisia’s prestigious National Engineering School of Tunis, within the University of Tunis – El Manar, in central Tunis, Tunisia’s capital.…
AI SET TO UNWRAP PACKAGING REVOLUTION
Artificial intelligence (AI) shows significant potential to revolutionise the packaging industry, from product design solutions to cost- and waste-reducing efficient process engineering.
According to Future Market Insights (FMI), a Pune, India-based market research provider, around 65% of global packaging organisations plan to invest in AI solutions in the foreseeable future.…
INDIA’S DOVERSE TOBACCO LEAF SECTOR GROWS EXPORTS FAST, WHILST BOOSTING PRODUCTION QUALITY
India’s tightly regulated tobacco leaf sector, producing the world’s second largest annual output of tobacco leaf at around 800,000 tonnes (following China and just ahead of Brazil), according to the Tobacco Board of India, is investing in modernisation to further strengthen this position, which includes a recent surge in export sales (1). …
RESOURCE EFFICIENCY ESSENTIAL TO TODAY’S PACKAGING, SAY EXPERTS
Sustainability is not only a marketing buzzword in the packaging sector, but also a legal and environmental necessity, even if it costs more, packaging experts have told Packaging Gateway. Notably, making recycled polyethylene terephthalate (PET) is more expensive than virgin PET, and due to “limited availability and the high cost of recycled content,” PepsiCo used more virgin plastic than planned in 2022 according to its ESG [environmental, social and governance] 2022 report (1) released earlier this year (2023).…
ASIA REGULATORY ROUND UP – CHINA IMPOSES NEW LIMITS ON IRON OXIDE PIGMENT AND TITANIUM DIOXIDE USE
China’s key government economic body has released restrictions on the use of iron oxide pigments and titanium dioxide, the most important white pigment used in the coatings industry. In July (2023), China’s National Development and Reform Commission and related departments issued an updated Notice on Issuing the Energy Efficiency Benchmark Levels and Baseline Levels in Key Industrial Fields, with 11 additional controls, including 11 key areas including titanium dioxide (TiO2).…
COMSUMER APPS ARE USEFUL BACKDOOR FOR SPREADING MALWARE WORLDWIDE
Business computer and phone users know they should not click on links in emails and texts from unknown senders. But malware developers are increasingly hacking into trusted online apps, inserting malicious code, downloaded by the unwary. Keith Nuthall, Raghavendra Verma and Jens Kastner report on this burgeoning threat.…
BIOMATERIALS AND BIOPLASTICS PRODUCTION AND SALES EXPAND IN PACKAGING SECTOR WORLDWIDE
Packaging firms and brands are preparing for a boom in biomaterial packaging, fuelled by greater consumer demand, regulations to increase sustainability and the maturity of biomaterials. A report by Massachusetts, US-based management consulting firm Arthur D Little (1), released in 2022, said that investment has fuelled production improvements and capacity, easing the mass production of biomaterials derived from plants, animals or bacteria.…
MAJOR OUTSOURCING CENTRES STRUGGLE TO DEVELOP SUSTAINABLE GROWING CLOTHING MARKETS
International clothing brands have been hoping to see major outsourcing centres develop their own sustainable apparel markets, but this year’s choppy global economy has impeded sales to these potentially lucrative consumer bases.
Brazil, the world’s 10th largest economy, with 216 million people, was back in 2011 considered by US-based consultants A.T.…
THE INTEGRATED MODEL POPULAR IN BANGLADESH
Given the complexity of supply chains in the knitwear sector, it is no surprise that there are diverse ways in organising production. A key contrast is between the integrated model, where manufacturing stages are undertaken in house, and the cluster approach, where different units undertake several aspects of manufacturing, such as knitting of panels, embroidery, finishing and final assembly.…
ESCALATING STRIFE IN ETHIOPIA’S AMHARA REGION DISRUPT LEARNING, ECONOMIC ACTIVITIES
Ethiopia’s Amhara region is engulfed in widespread conflict and with a state of emergency declared by the federal government on August 4 continuing, putting the status of thousands of students is in jeopardy as the unending strife threatens to disrupt the upcoming academic year.…
CHINA’S CAN INDUSTRY GROWTH IS MOTOR FOR EXPANSION OF METAL PACKAGING MARKET ACROSS ASIA
Since economic liberalisation and globalisation kicked in major economic growth in China since 1990, China’s food and beverage industry has expanded exponentially, boosting the country’s metal packaging industry (1).
London-based market researcher GlobalData (NOTE TO EDITOR – NO SPACE BETWEEN WORDS IN THIS COMPANY NAME) has forecast that China’s market will purchase more than 1 trillion units in 2024, with rigid metal packaging taking a 10.5% volume share of this vast financial cake (2).…
GROWTH IN ELECTRIC VEHICLES SALES IS PROMPTING INNOVATION IN AUTOMOTIVE ADHESIVES
While traditional benefits delivered by adhesives in the automotive industry – lightweighting and the ability to bond diverse substrates – remain a constant, the relentless evolution of the battery electric vehicle (BEV), is driving innovation in the segment, manufacturers and market analysts agree.…
RECRUITING TECHNOLOGICALLY MINDED WORKERS WILL BE TOUGH FOR FASHION SECTOR, WARN EXPERTS
THE EUROPEAN and global fashion and textile industry is witnessing rapid technological advancements, requiring garment workers with specialised skillsets, notably digital, to meet evolving demands. Indeed, the November 2022 State of Fashion 2023 report (1) from strategy consultants McKinsey & Co made clear that after 18 months of robust growth (early 2021 until mid-2022) post Covid-19, the fashion industry is facing challenges, including inflation, the energy crisis and rising material prices, that increases its demand for skilled labour.…
EU’S CARBON BORDER ADUSTMENT MECHANISM MAY IMPACT TEXTILE FINISHERS FROM 2025 AND PROBABLY FROM 2030
The passage into law of the European Union’s (EU) long discussed carbon adjustment mechanism (CBAM) on May 17 (2023) could in future help EU finishing chemical producers sell more product to European textile manufacturers – but costs might rise as a result, impacting overall competitiveness.…
INSIDE BANGLADESHI APPAREL’S EXPORT RIDE TO NON-TRADITIONAL MARKETS
Bangladesh clothing manufacturers have been looking to expand export sales beyond their established markets in the European Union (EU), the United States, Canada and the UK, seeking new revenue in non-traditional markets such as Brazil, India, Japan and South Korea.
According to data from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Bangladesh apparel exports for 2022 (calendar year) have sourced 16.1% of revenue from non-traditional markets – USD7.35 billion, out of overall apparel exports of USD45.7 billion.…
UN HE INITIATIVE PUSHES INRTEGRATION OF SUSTAINABILITY IN UNIVERSITY RANKINGS
The UN’s Higher Education Sustainability Initiative (HESI) is developing practical guidance for HE ranking organisations wanting to integrate the delivery of sustainable development goals into their assessments of universities and colleges.
This initiative – highlighted at a HESI global forum https://sdgs.un.org/HESI…
ALGAE OIL BECOMING MORE INTERESTING FOR THE FOOD SUPPLEMENT, COSMETICS AND PET FOOD SECTORS
Algae, especially microalgae, have come to inhabit nearly every ecosystem on the planet, including some of the most inhospitable – offering ideal sources for bio-based oils and fats, some with potentially novel uses. Indeed, over time, each species has evolved specific biochemistries and metabolic profiles to thrive in each habitat niche.…
EU AND UK BEV MARKET AND INDUSTRY FUELLED BY SUBSIDIES – JUST LIKE IN THE USA
The US Inflation Reduction Act (IRA) is pushing the European Union (EU) and the UK into paying more subsidies to attract battery electric vehicle (BEV) and battery production to Europe.
While the UK’s Advanced Propulsion Center (APC) forecasts 5 million more BEVs globally by 2030, requiring 3,306 gigawatt hours (GWh) in batteries, (1), the US and China may benefit more in production terms.…
ASIA PACIFIC PAINT AND COATING MARKET PROJECTS GROWTH, PAINT BRAND SWITCHING ROLES TO SOLUTION PROVIDER
The bounce back from Covid-19 lockdowns to the key south-east Asian economies of Malaysia and Singapore have seen robust growth in both countries, boosting paint and coatings sales, although the Malaysian market has some fragility this year.
Economic growth in both ASEAN (Association of Southeast Asian Nations) members have been robust with data from the World Bank showing Malaysia’s GDP expanding from USD337.34 billion in 2020 to USD406.31 in 2022 (1) – its population being 33.5 million people.…
SOUTH ASIA IS DEVELOPING BANANA FIBRE PRODUCTION FOR TEXTILES AND LEATHER
SOUTH Asian clothing, textile and footwear manufacturers are innovating to utilise a common natural input, plentiful in their local sub-tropical and tropical climates – banana fibre. Growth is particularly marked in Bangladesh. Textile factories have started developing the fibre, blending them with cotton to make apparel, sending samples and receiving enquiries from European customers.…
FOR CHINA’S SPORTWEAR-MAKERS, IT’S DOMESTIC BOOM AND EXPORT DOLDRUMS
China’s sportswear brands have witnessed significant growth in sales during the Covid-19 pandemic, especially on domestic markets where consumers have embraced athleisure trends. Prominent examples include Beijing-based Li-Ning and Jinjiang-based Anta, which reported Chinese Yuan Renminbi-denominated sales growth of 14.3% (1) and 15.5% (2) respectively in 2022.…
‘STUDY IN GREECE’ VIEWS STRONGER GLOBAL ROLE AS A NATIONAL GOVERNMENT AGENCY
The establishment of Study in Greece (SiG) as a national agency supported by Greek state is the latest step in an ongoing process to unlock a world of educational possibilities and deepen international collaboration to revitalise higher education in the country.…
ITMA 2023 WEDS INNOVATION TO SUSTAINABILITY
The European textile industry is well positioned to lead the global sector towards a more sustainable future, this year’s ITMA 2023 international conference has been told. Alberto Paccanelli, president of Euratex, which represents over 143,000 companies in the European Union (EU) textile and clothing industry, told Just Style at the Milan (June 8-14) event that the European Commission’s Textiles Ecosystem Transition Pathway (1), released June 6, implementing the EU Strategy for Sustainable and Circular Textiles, could have a positive impact.…
WORLD’S BIGGEST FIRMS FAILING ON ANTI-GRAFT DISCLOSURE
The world’s 600 largest companies are failing to provide full disclosure of anti-bribery and corruption information within their sustainability reporting, according to a joint report (1) backed by the International Federation of Accountants (IFAC). Working with from Transparency International UK and the World Economic Forum’s Partnering against Corruption Initiative.…
CONCERNS GROW ABOUT AML/CFT SYSTEMS BEING ABUSED FOR POLITICAL PURPOSES
International AML/CFT rules and guidance have been designed to help governments crack down on criminals and terrorists, but there are few guiderails to prevent states from abusing these tools to target political opponents. Given the membership of FATF and FATF-style regional bodies, and the Egmont Group of FIUs is practically universal, that means AML/CFT systems are available to authoritarian states.…
CHINA TOBACCO LEAF IMPORT SECTOR GROWS, AS MANUFACTURED PRODUCT INDUSTRY EXPANDS VALUE SALES
The secretiveness with which China guards its tobacco news and figures – even of tobacco leaf production – says much about the state’s priorities under President Xi Jinping. This strongman leader who has of late prioritised security/repression over economic growth, has blocked the site of the China National Tobacco Corporation (CNTC), the national tobacco monopoly, to users outside China.…
UNFORESEEN CHALLENGES HINDER INDIA’S SOLAR POWER EXPANSION
The major Bhadla Solar Park in India’s desert state of Rajasthan has been leading the country’s transition towards renewable energy for its fast-growing economy and 1.4 billion people. However, the momentum in its roll-out has been hindered by difficulties encountered in laying transmission lines.…
CHATGPT OFFERS COMPETITIVE SUPPLY CHAIN ADVICE ADVANTAGES TO THE PAINT INDUSTRY
While the benefits of implementing artificial intelligence (AI) into the paints and coatings industry are well accepted, from the deployment of painting robots to achieve better vehicle finishes in the automotive manufacturing industry, and even consistent production of paint itself, the latest range of chat-based AI tool offers additional benefits say experts.…
INNOVATIVE TECH HELPS MANAGE COVID 19-INSPIRED INCREASE IN NONWOVENS WASTE
The Covid-19-related increase in waste from disposed personal protective equipment (PPE) has focused attention on nonwovens waste management.
For instance, the World Health Organisation (WHO) said 1.5 billion units of PPE, much of which nonwovens, weighing 87,000 tonnes, were procured between March 2020 and November 2021 alone and shipped to support countries’ urgent Covid-19 under UN emergency work alone.…
HUGE AND GROWING MARKET FOR WELLNESS-FOCUSED APPAREL PROMPTS FABRIC INNOVATION
THE COVID-19 pandemic brought many changes to the world, and changes in fashion that incorporated a desire to enjoy a healthy lifestyle was one. With many consumers spending more time at home, including during working hours, demand for comfortable clothes with functionality to aid indoor and outdoor exercise has boomed.…
ANTIMICROBIAL TEXTILES FOR PERFORMANCE CLOTHES BOOST THEIR SUSTAINABILITY
Textile manufacturers and researchers have been relentlessly developing new antimicrobial solutions for performance and protective clothing, especially focusing on sustainability.
The global antimicrobial textile market, which also includes antibacterial, antifungal and antiviral products, was valued at USD10.8 billion in 2020, expected to reach USD14.7 billion in 2027, according to India-based market researcher Qualiket Research (1). …
BRAZILIAN DIGITAL TEXTILE PRINTING SEEKS TO PROFIT FROM NEW GLOBAL DYNAMICS
The Brazilian textile sector has been increasing investment in digital printing, modernising its finishing to boost international competitiveness to offer near-sourcing services to American and European clients as western buyers review their China sourcing.
India-based business intelligence service Infinium Global Research, in a report sent to Digital Textile, said the Brazilian digital textile printing market was worth USD28.37 million in 2022, projected to rise to USD75.25 million by 2030.…
ASIAN PAINT AND COATING REGULATORY ROUND-UP – INDONESIA MULLS BAN ON LEAD IN PAINTS
The Indonesian government is drafting a regulation to ban lead-based paints in the country, Markus Winarto, the secretary-general of the Indonesian Paint Manufacturers Association (APCI) has told PPCJ. The government has been under pressure from environmental health activists to take this step – one already taken in the Philippines, for example, but is facing some difficulties in finding alternatives for certain applications such as road markings and anti-corrosion coatings, said Winarto.…
BRAZILIAN DIGITAL TEXTILE PRINTING SEEKS TO PROFIT FROM NEW GLOBAL DYNAMICS
The Brazilian textile sector has been increasing investment in digital printing, modernising its finishing to boost international competitiveness to offer near-sourcing services to American and European clients as western buyers review their China sourcing.
India-based business intelligence service Infinium Global Research, in a report sent to Digital Textile, said the Brazilian digital textile printing market was worth USD28.37 million in 2022, projected to rise to USD75.25 million by 2030.…
EU/WTO REGULATORY ROUND UP – GLOBAL DEAL ON FOOD TRADE STILL TARGETED AT WTO
Global negotiators continue to chase the dream of an international agreement on trading food and drink products, despite talks having continued, without agreement, since 2001. That was when the World Trade Organisation (WTO) Doha Development Round of talks were launched, with the key goal of revamping the WTO agreement on agriculture, which covers food and drink.…
IMPLEMANTAION OF ESG CRITERIA CAN CONTRIBUTE TO LONG TERM SURVIVAL AND SUCCESS - GCC ARE SUGGESTING TO THEIR BUSINESS
An ACCA co-hosted conference in Dubai has heard how today, Gulf Cooperation Council (GCC) bloc companies should not view meeting ESG (environmental, social, governance) standards as an optional add-on, which may help marketing, but as a prerequisite for commercial long-term survival.…
MANUFACTURERS AND RESEARCHERS EXPLORE INTEGRATION OF SUPER-MATERIAL GRAPHENE INTO NONWOVENS
The highly versatile material graphene is becoming increasingly popular in a variety of health and safety uses in nonwoven products, despite calls for further research to be conducted to assess its long-term impact on toxicity in humans and the environment.
Demand for graphene’s powerful antimicrobial and filtration qualities grew sharply during the Covid-19 pandemic, especially for incorporation in nonwoven masks.…
PROS AND CONS OF HAVING BLOCKCHAIN IN THE TEXTILE SUPPLY CHAIN
Can blockchain technologies help the textile industry resolve past transparency weaknesses in the supply chain, as well as inefficient inventory management, by facilitating fundamental changes to existing supply-chains and processes. Blockchain technologies’ decentralised storage of immutable records of physical asset transactions within digital ledgers, say some experts, can help transform the textile industry throughout the supply chain, from source (raw material point of origin) to shopfloor (brands and retailers).…
PFAS CONTROLS GROW FOR PERFORMANCE TEXTILE MANUFACTURERS WORLDWIDE
As researchers continues to identify health and environmental problems created by textile chemicals that have been widely utilised in the past, regulation tightens, and while this is rarely by international treaty, controls do spread worldwide over time. This is certainly the case regarding perfluoroalkyl and polyfluoroalkyl substances (PFAS), which have been commonly used within the clothing and textile sector for fire protection, water repellence and oil resistance, preventing stains.…
WORLD’S GROWING NUMBER OF FREE TRADE ZONES ABUSED BY MONEY LAUNDERERS
With the world’s illicit economy making up between 7% and 15% of global GDP according to the International Coalition Against Illicit Economies (ICAIE) (1), a national security NGO based in Washington DC, the need for robust law enforcement, including AML controls is clear.…
PROS AND CONS OF HAVING BLOCKCHAIN IN THE TEXTILE SUPPLY CHAIN
Can blockchain technologies help the textile industry resolve past transparency weaknesses in the supply chain, as well as inefficient inventory management, by facilitating fundamental changes to existing supply-chains and processes. Blockchain technologies’ decentralised storage of immutable records of physical asset transactions within digital ledgers, say some experts, can help transform the textile industry throughout the supply chain, from source (raw material point of origin) to shopfloor (brands and retailers).…
PUBLIC SPENDING ON AML GROWS, BUT IS IT SPENT WISELY?
The fact that AML/CFT is expensive is widely appreciated by governments and international organisations, but they still support policies and programmes that cost a considerable proportion of the USD274.1 billion that LexisNexis Risk Solutions says is lavished on financial crime compliance (1).…
BIRLA CELLULOSE BOOSTING USE OF CIRCULAR FIBRE AS IT RAISES SUSTAINABILITY GAME
India’s Birla Cellulose, a world leader in producing viscose staple fibre, is targeting improvements in production sustainability. After achieving production of fibre comprising 20% textile waste and 80% wood pulp from certified sustainably grown and harvested forests, Birla Cellulose now plans to raise the proportion of waste in inputs to 30% textile waste, with the goal of producing 100,000 tonnes of this circular fibre across all categories in its products by 2024.…
EGYPT AND TUNISIA HOLD LONG-TERM PROMISE FOR PAINT AND COATING SECTOR
Egypt was one of the fastest growing paint markets in the Middle East and North Africa (MENA) in 2021 and early 2022, but the depreciation of its currency on foreign exchange markets, surging inflation and an economic downturn over the past year is now depressing the sector.…
ITALIAN PAINT SECTOR EXPANDS FOLLOWING POST-COVID SUBSIDIES – BUT DIFFICULT YEAR LIES AHEAD
Despite high production costs and continued geopolitical instability, Italy’s domestic market for paints and coatings performed well in 2022 thanks to government tax credit schemes that boosted the building sector. Indeed, according to national paint trade and industry association Assovernici, Italy’s paints and coatings market posted overall satisfactory performance in 2022.…
BANGLADESH STILL IN BETTER POSITION DESPITE SLOWDOWN OF ORDERS
South Asian clothing manufacturers are facing lean times, with international brands reducing or cancelling orders, but industry association leaders are looking towards a recovery by the end of this year. In major production hub Bangladesh, key purchasers from the USA and Europe have been cutting their order books as continuing high inflation depresses consumer demand and Russia’s invasion of Ukraine sharpens nervousness among corporates and investors.…
RUSSIAN DIGITAL TEXTILE FINISHERS ADAPT TO SURVIVE AS THEIR COUNTRY’S MILITARY SHELLS AND BOMBS UKRAINE INDUSTRY PARTNERS
Russia’s invasion of Ukraine launched last February (2022) has severely damaged Ukraine’s digital textile printing segment, and while it has also harmed the Russian industry, this sector has performed better than expected, despite comprehensive western sanctions.
In Ukraine, where the invasion had killed 8,101 civilians by February 28 (UN data), the country’s light industry, including its digital textile printing sector, continues to suffer from bombardment, logistical bottlenecks and persistent power cuts.…
RUSSIA’S OILSEED SECTOR PROSPERS, DESPITE UKRAINE INVASION
Russia’s bio-based oil sector looks set to benefit from the spoils of war, being poised to become the new global leader in the export of sunflower oil over the current agricultural year, overtaking past export leader Ukraine, which its military has invaded since last February, with 8,317 civilian deaths as of March 20 (2023).…

ASIAN PAINT REGULATORY ROUND UP - INDINESIA NEW CAPITAL PROJECT GATHERS STEAM WITH MAJOR PAINT AND COATINGS SALES POTENTIAL
TURKEY’S GARMENT AND TEXTILE SECTOR BATTERED BY THE DEVASTATING EARTHQUAKE
Turkey’s textile and clothing sector is grappling with the fact that around a third of the country’s garment and textile production capacity was clustered around the epicentre of the 7.8 magnitude earthquake that has killed more than 47,000 people, left millions homeless and destroyed hundreds of thousands of buildings.…
EU ACTION ESSENTIAL TO KEEP TEXTILE COMPANIES COMPETITIVE IN ENERGY CRISIS, SAY EXPERTS
THE EUROPEAN Union (EU) textile industry needs ambitious investment and a strong state aid subsidy plan to survive rising energy costs, enabling them to continue operating efficiently in global markets, European textile experts have told WTiN.
“Since last summer, the EU textiles sector has been faced with sky-high gas and energy prices and this puts further pressure on an already strained supply chain,” the European apparel and textile confederation (Euratex) senior policy officer for trade and industry Paolo Sandri noted.…
INFLATION HITS VIETNAM’S APPAREL, FOOTWEAR SECTORS AS CHINA LOOMS LARGE
After weathering a Covid-impacted 2021, Vietnam’s apparel and footwear sectors rebounded in 2022, along with the rest of the economy, and while they are looking forward to medium-term expansion, 2023 could be a rocky ride.
Exports of footwear in the first half of 2022, for example, rose 13% by value compared to the same period in 2021, according to data released by the Vietnam News Agency (VNA) the state-run news agency (1).…
INTERNATIONAL FOOD SECTOR INNOVATES IN PACKAGING DESIGN TO REDUCE FOOD WASTE
Fresh food manufacturers worldwide are developing intelligent packaging that can help them reduce both food and plastic waste, responding to regulatory and consumer pressure to minimise their products’ environmental footprints.
Such bio-innovations may be of particular importance to European Union (EU) food manufacturing companies, given the EU is revising its packaging and packaging waste directive.…
ISSB STANDARDS MAY UNLOCK EMERGING MARKET AND SMALL BUSINESS REPORTING CAPACITY, SAY EXPERTS
The agreement of the first two International Sustainability Standards Board (ISSB) standards may help new tech-based data networks unlock capital and investment flows to smaller businesses and especially in emerging markets, a symposium in Montréal, Canada, has been told.
A panel of development experts speaking at the event on Friday (Feb 17) noted how artificial intelligence (AI) and machine-learning-based data platforms can mesh with digitised smaller businesses, helping entice investors seeking sustainable opportunities.…
ASIAN PAINT AND COATING REGULATORY ROUND-UP – CHINA ORIENTATES ELECTRIC VEHICLE AUTO COATINGS RULES TO EU REACH REGIME
China’s Zhongguancun Inspection, Testing and Certification Industry Technology Alliance has released a standard to promote Chinese conformity with European Union’s (EU) REACH chemical control regulation in the automotive industry. The standard proposes REACH-compliant restrictions on REACH-regulated automotive chemicals, including paints and coatings.…
SOMALI EXPAT ACADEMICS RETURN TO SOMALIA FOR UNIVERSITY JOBS – BUT FOR LOVE OF COUNTRY, NOT MONEYSOMALI EXPAT ACADEMICS RETURN TO SOMALIA FOR UNIVERSITY JOBS – BUT FOR LOVE OF COUNTRY, NOT MONEY
A desire to contribute to nation-building and improve standards of universities within Somalia is luring Somali intellectuals to return home to work in academia.
Professor Abdullahi Barise, the founding president of the City University of Mogadishu, said his institutions and others were welcoming this increasing number of foreign-educated Somalia lecturers and professors.…
GLOBAL MEDICAL ADHESIVES MARKET GROWS IN SCALE, DIVERSITY AND INNOVATION
Paradigm shifting technology involving collaboration between different scientific disciplines looks set to strengthen the impact of medical adhesives on clinical care as unhealthy lifestyles fuel increasingly diverse interventions, according to researchers and industry observers.
With sustainability “a front and centre priority”, said Paul Saunders, senior manager, global marketing, for Avery Dennison, a Los Angeles, USA-based material science company, issues such as bone reconstruction, wound management, haemorrhage prevention and drug dispensing devices are all being enhanced, with adhesives development a key element.…
DEVELOPING TRACEABLE PIGMENTS TECH OFFERS MEANS OF ENSURING CELLULOSE FIBRES ARE SUSTAINABLE
Traceable pigments are increasingly being used as a favoured trackable method to help textile and garment companies prove that cellulosic fibres utilised in fabric and final products have been made according to high social and environmental sustainability standards. With regulation, non-financial reporting and green consumer demand pushing the industry towards using fabrics that are demonstrably sustainable, cellulosic fibres derived from wood pulp and other woody plants such as bamboo, have become more attractive as inputs.…
INDIA COMBINES TEXTILE MANUFACTURING STRENGTH WITH IT KNOWHOW TO FULFILL PRODUCT PASSPORT REQUIREMENTS
India’s textile sector is working with the country’s strong IT industry and professionals to deliver monitoring and labelling systems that comply with forthcoming digital product passport (DPP) requirements being pioneered especially in the European Union (EU). Its executive, the EU, released plans last March (2022), to pass rules that would insist that products, including textile lines, are released with detailed electronic information demonstrating that their materials sourcing and final manufacture are sustainable.…
HUMANS V AUTOMATION? THE DEBATE MAYBE FALSE IF TRAINED STAFF CAN WORK WITH ROBOTS, SAY EXPERTS
While some commentators say the textile and clothing industry’s automation level remains low with investment being too sluggish and unambitious, others predict a bright future where robots and humans collaborate in sustainable customised design and manufacturing.
The clothing segment of the sector has, of course, been historically labour-intensive – with associated high costs – with manufacturers hesitant to adopt greater automation, given the availability of low-cost labour in cheap outsourcing centres. …
SAUDI ARABIA’S MEGA DEVELOPMENT PROJECTS BECKON HUGE PAINT SALES – BUT SUPPLIERS AWAIT COATINGS TENDERSSAUDI ARABIA’S MEGA DEVELOPMENT PROJECTS BECKON HUGE PAINT SALES – BUT SUPPLIERS AWAIT COATINGS TENDERS
The paint markets of the Gulf region’s two largest economies, Saudi Arabia and the United Arab Emirates (UAE), have rebounded since the Covid-19 pandemic and are slated for growth, driven by major investments in real estate and infrastructure projects.
“Over the past 18 months, we have seen a flat and slightly declining paint markets in the region.…
DEMAND GROWS FOR COATINGS THAT HELP IN MAKING ROAD PAVEMENTS SAFER AND GREENER
Worldwide, coatings companies specialising in manufacturing road pavement surface coatings are experiencing tailwinds, as the public and private sectors increasingly grow aware that these coatings present affordable solutions to major environmental problems.
A South Korean pavement surface coating developed by Incheon-based start-up Jchi Global (1), that reduces the scattering of fine dust in the atmosphere – which the World Health Organisation (WHO) says causes 7 million deaths-a-year worldwide from cardiovascular diseases, respiratory diseases (asthma, COPD), and more.…
SUNNY AFRICA’S SOLAR POWER STRENGTHS COULD UNDERPIN SUSTIANABLE ECONOMIC DEVELOPMENT
International solar energy providers are finding business opportunities in Africa as national governments and their development agency partners try to foster growth while targeting the United Nations’ Sustainable Development Goal 7 (SDG), which encourages access to affordable, reliable, sustainable, and modern energy for all by 2030 (1).…
EU/WTO REGULATORY ROUND UP – EU EXPLORES TOUGHER RESTRICTIONS ON NITROSAMINES IN FOOD AND DRINK
European Union (EU) food manufacturers are facing the potential imposition of new rules on the presence of nitrosamines in food products, following a European Food Safety Authority (EFSA) review that ended in November. EFSA has concluded that “it is highly likely that for all age groups dietary exposure to nitrosamines is above the level that could indicate a health concern”.…
EGYPT LOOKS TO FIRM UP LOCAL SUPPLY CHAIN AS IT EYES FUTURE CLOTHING SALES IN EUROPE AND AMERICA
The Egyptian garment and textile sector has rebounded from the dip caused by the Covid-19 pandemic, with orders returning in 2021 and exports strong in the first half of 2022. Sluggish consumer demand in the country’s primary export markets of the USA and Europe has however seen orders weaken over the past third 2022 quarter.…
ATHLEISURE INNOVATION BOOSTS PERFORMANCE AND SUSTAINABILITY-FOCUSED SALES
Innovation in athleisure gear continues to drive performance improvements, with an eye to boosting sustainability, as consumers become more environment conscious, and regulation toughens up.
Of course, making such improvements is no easy feat today given the entire supply chain is facing “unprecedented challenges,” warned Davide Vigano, CEO of tech textile manufacturer Sensoria, based in Redmond, Washington state, USA, as shipping delays hinder the delivery of components, and transport prices increase as energy costs also soar, pushed up by Russia’s bloody invasion of Ukraine. …
LARGE DENOMINATION BANKNOTES REMAIN ML VULBERABILUTY
High value banknotes remain of concern to AML regulators, even though they are increasingly being withdrawn from circulation. Despite the growth of electronic payments, the amount of physical cash in circulation remains huge. The USD remains the currency that circulates most widely in the world, with the US Currency Education Programme (a Federal Reserve scheme) saying that there was USD2 trillion in circulation by the start of 2021 (December 31, 2020).…
KEY BENEFITS OF AUTOMATION AND ROBOTICS FOR TEXTILES AND CLOTHING
A key question in any industry is to what extent robotics will be able to replace the human hand. This issue is especially pertinent for textiles and clothing – where sensor-based automation increasingly carries out human tasks such as assessing the feel of textiles and quality control.…
INFLATION AND RECESSION WORSENS ML
While forecasts of a global recession are far from conclusive, the World Bank has in its latest international economy assessment released in September (2022) warned that such a downturn is a real possibility for 2023. (1) The reason is potential government spending tightening to deal with inflation rates not witnessed since the 1990s or earlier: “To stem risks from persistently high inflation, and in a context of limited fiscal space, many countries are withdrawing monetary and fiscal support,” noted the bank.…
PAKISTAN APPAREL INDUSTRY IN DEEP CRISIS DUE TO RISING INPUT COSTS AND GLOBAL RECESSION
In the wake of devastating floods in three of Pakistan’s provinces – Sindh, Punjab and Balochistan – the country’s textile and garment industries are facing multiple challenges compounding the destruction of cotton crop at a large-scale.
The country’s textile and apparel industries fear a major dent in export volumes, with competitiveness harmed by them having to import raw materials as a result.…
ATHLEISURE AND PEFORMANCE GEAR CONSUMERS DRIVE SUSTAINABILITY DEMAND, AHEAD OF REGULATION
Consumers of athleisure and performance gear will drive demand for sustainability in this segment, before requirement in materials and industrial processes are mandated by regulations, textile industry observers have indicated. As a result, existing brands have been warned by market experts to focus on product development, facing competition from newcomers keen to capitalise on increases sales for this segment witnessed during the Covid-19 pandemic. …
CHANGING REGULATORY PRESSURES FORCE OBLIGED ENTITIES TO HONE THE MANAGEMENT OF AML TEAMS
While FATF assessments focus on the policy and regulatory response of governments, law enforcement and AML agencies in fighting dirty money, the fact remains that these efforts are undertaken by teams – and how these groups’ staff members work together and are managed underscores their effectiveness.…
TOBACCO – HALAL OR HARAM? THE RELIGIOUS CHALLENGE OF SELLING INTO MUSLIM MARKETS
The tobacco industry is a global sector, with supply chains spanning the world. Muslim consumers – and there are 1.97 billion if them – are an important part of any tobacco major’s market portfolio, not to mention local Muslim companies. But a key challenge for tobacco companies targeting Muslim smokers, vapers and other consumers is religion – some Muslim scholars say tobacco is haram, and not in keeping with Islamic guidance, because of mental and physical impact on smokers.…
SRI LANKA CLOTHING SECTOR WEATHERS RECENT POLITICAL AND ECONOMIC STORMS – TARGETS SUSTAINABLE GROWTH
The UN Human Rights Council passed a resolution on Sri Lanka on Thursday October 6 calling for accountability, human rights and reconciliation in this important clothing manufacturing outsourcing centre that has suffered from intense political and economic turmoil. There is growing international pressure on the new Sri Lanka government of President Ranil Wickremesinghe to promote calm (1) as the country grapples with financial shortages, logistical disruption and political legitimacy problems, worsened by widespread government corruption.…
ITALY RETAIL COFFEE SALES GROW, DESPITE INFLAITON AND WEAK ECONOMIC GROWTH
Times might be tough in Italy, with annual inflation at 9.4% (in September) and sluggish growth of 2.5% projected for 2022 (OECD data), but Italians are drinking more coffee, including supermarket sales for home-brewed drinks.
In 2021, Italian roasted mass market retail coffee sales exceeded EUR1.3 billion overall, said IRI, up 1.1% year-on-year, driven by the single-serving pods and capsules and grains segments.…
ENFORCEMENT OF FOREIGN BRIBERY BANS SINKS, SAYS TI
Enforcement action to tackle foreign bribery in compliance with the OECD Anti-Bribery Convention (1) declined from 2018 to 2021, according to Transparency International (TI), after reviewing 47 leading export economies. These were 43 convention signatories plus China, India, Hong Kong and Singapore.…
AMUL TO BE THE LEAD PROMOTER OF A MULTI-STATE COOPERATIVE SOCIETY TO PROMOTE INDIAN AGRI PRODUCTS
THE Gujarat Cooperative Milk Marketing Federation, owner of India’s leading dairy brand Amul, could become the leader of a planned multi-state association of five major Indian cooperative bodies promoting organic Indian food products.
The other cooperatives are the Indian Farmers Fertiliser Cooperative Limited (IFFCO), the National Agricultural Cooperative Marketing Federation (NAFED), the National Cooperative Development Corporation (NCDC) and Krishi Bharatiya Cooperative Limited (KRIBHCO).…
US COATINGS MARKET EDGES UP IN SCALE AS IT DEVELOPS MORE ECO-PRODUCTS
Continuing to fight supply-chain snarls, material shortages, inflation woes, and a stubborn pandemic, the US paint and coatings industry produced 1.3 billion American gallons (4.9 billion litres) valued at USD27.2 billion (US dollars) in 2021.
That is according to The ChemQuest Group, a global specialty chemicals and materials consulting service based in Cincinnati, Ohio, USA, which said this production was an increase of just 0.1% in volume and 8.6% in value over the previous year.…
CHINA NONWOVENS SECTOR DIGITISES PRODUCTION, BUT UNEVENLY, SAY EXPERTS
China’s nonwovens industry is preparing for ongoing long-term growth, bolstered by increasing demand for nonwovens globally and inspired by the drive for digitisation within the country, to improve manufacturing productivity and efficiency. With support from national government policy and initiatives to boost digitisation in nonwovens manufacturing, industry majors and small-and-medium-sized business owners alike are pursuing greater use of industry 4.0 tech, noted the Europe-China Eco Cities Link Project, a project backed by the European Union (EU) and the Chinese government [1].…
AML INFORMATION EXCHANGE SYSTEMS DEEPEN AND BECOME MORE COMPLEX
The exchange of intelligence is a key element of AML/CFT, with FATF’s recommendations 36 to 40 focusing on international cooperation. The Egmont Group of FIUs also continues to hone how it securely delivers exchanges of sensitive AML/CFT information between its 167 members.…
PAKISTANI CLOTHING AND TEXTILE INDUSTRY FEARS BIG DECLINE IN EXPORTS AND LOOK FOR CHEAP COTTON
Pakistan’s clothing and textile industry fears that the value of its exports may tumble at least 30%, after the recent floods wiped out much of the country’s usually plentiful cotton crop. To keep running, the sector is looking for strategies to buy cheaper cotton abroad and is asking for government aid to finance this task.…
INDIA WINE MAKERS AND IMPORTERS EYE POTENTIALLY HUGE NASCENT MARKET
India’s nascent wine market is dominated by domestic brands trying to overcome low awareness about wine among Indian consumers, while dealing with high taxation and cumbersome trading regulations. However, these wine companies are confident of achieving high sales growth in the short and medium term, with market projections looking healthy, even if they vary widely.…
GLOBAL DAIRY SUMMIT SEEKS TO BOOST SUSTAINABILITY WITHOUT SACRIFICING MILK PRODUCTION
The need to reduce the environmental impact of the dairy sector, promoting sustainability, may limit the growth of the industry internationally, but the world’s largest milk producer, India, is projected to double its turnover within the next five years, a global conference has been told.…
ASIA REGULATORY ROUND UP
The Indonesian government is ramping up its requirement for government-funded construction to use locally-made products by insisting paint and coatings manufacturers seeking to supply such projects use national standardisation and certifications.
This, said the chairman of the Indonesian Paint and Coatings Association, Markus Winarto, is part of a trade ministry directorate general of chemical, pharmaceutical and textile industries campaign to reduce imported products.…
HEAVY FLOODS DISRUPT PAKSITAN TEXTILE INDUSTRY
With ongoing floods and high rainfall in most parts of Pakistan damaging its economy, the country’s textile and clothing sector, accounting for nearly 60% of national exports, is bracing itself for the potential cancellation of export orders by international buyers.
The initial assessment of losses inflicted by the devastating rains and floods especially in Sindh and Balochistan provinces and to a lesser extent in Khyber Pakhtunkhwa (KPK) and Punjab provinces, has already been estimated by the federal government at billions of dollars (it is working on a more precise estimate), with displacement of 33 million people, 1,400 deaths (including children), the destruction of hundreds of thousands of houses, roads infrastructure and communication networks.…
TEXTILE PRODUCTION IN RUSSIA DECLINES, LARGER COMPANIES HAVE BEST CHANCE OF SURVIVAL
The Russian textile sector has been struggling to cope with the international sanctions from the US, European Union (EU), UK, Japan and others and the disruption caused by the exit of international companies from Russia, following its invasion of Ukraine.
Russia’s GDP declined 4% in the second quarter and will shrink by 7.8% throughout 2022, predicts the ministry of economic development.…
CARBON EMISSIONS TO PET INNOVATION OFFERS SUSTAINABLE PRODUCTION OF KEY FIBRE INPUT
An environment-friendly development in creating a key component of polyester has been hailed as a “path-breaking innovation that can change the future of the textile value chain and help the industry in moving toward its sustainability goal”.
This was the view of Gurudas Aras, a textile chemical consultant bases in Mumbai, India.…
ZIMBABWE OFF FATF’S GREY LIST – BUT SCEPTICS SAY ITS AML RECORD IS WOEFUL
Zimbabwe was taken off FATF’s grey list in March, but serious issues still abound claim critics of the move – from corruption to large scale gold smuggling, while a controversial law on NGOs may be misused to go after political opponents, they argue.…
DIGITAL INNOVATORS LOOK TO SPEAK GROWTH IN AFRICAN COTTON PRODUCTION AND TERADE
INTRODUCTION
With the textile industry under pressure from consumers, regulators and standards to become more sustainable, companies are looking at all aspects of the supply chain – including upstream to fibre production. Digitalisation has a key role to play here, especially in supplier countries where the use of such technology is weak – such as in Africa.…
INDIAN CLOTHING SECTOR PREDICTS MAJOR SALES GROWTH FOLLOWING ANTICIPATED EU TRADE DEAL
The Indian garment manufacturing industry is optimistic about the impact of a free trade agreement (FTA) between its country and the European Union (EU), which it thinks could be concluded next year (2023).
“It would be a game changer,” Gautam Nair, chairman of the export promotion committee of India’s Apparel Export Promotion Council told Just Style, highlighting how an anticipated “9.6 to 12 percent duty [reduction] makes a big difference in our competitive business.”…
TECHNICAL TEXTILE SECTOR ROCKED BY INFLATION – BUT HAS LATEST STRENGTHS TO PROSPER NONTHELESS
The technical textile market looks set to ride out current turbulence caused by inflationary and geopolitical pressures, including Russian militarism, with a projected uptick in global performance – research and industry commentators predict. But plans for onshoring and innovation investments might be delayed as day-to-day costs continue to rise.…
SRI LANKA’S TEXTILE AND KNITWEAR SECTORS MAINTAIN MOMENTUM, BUT MEDIUM-TERM OUTLOOK IS CHALLENGING
Sri Lanka’s unprecedented economic and political crisis escalated early this week (July 9) amidst mass public protests forcing the country’s now former President Gotabaya Rajapaksa to flee the country to Maldives, before finally quitting the top job yesterday. Notwithstanding the chaos, its textile and knitwear and woven apparel sector has so far managed to keep the industry afloat so far.…
RESEARCHERS DEVELOP WIDESPREAD TOBACCO SECTOR USES FOR WONDER MATERIAL GRAPHENE
From boosting root growth to nicotine detection, weeding out carcinogens, cleansing filters and promoting sustainability and smart interaction with retailers and smokers, researchers are suggesting that the so-called ‘wonder material’ graphene has a plethora of uses within the tobacco industry.…
SRI LANKA’S APPAREL SECTOR: CONTINUITY AMID CHAOS, BUT LONGER-TERM OUTLOOK THREATENED
The rapid escalation of Sri Lanka’s political and economic crisis, causing its former President Gotabaya Rajapaksa to flee the country and resign, has had far-reaching implications for the country’s clothing and textile manufacturing sector, which plays a crucial role in the nation’s economy.…
GROWING INDIAN PREMIUM SPIRITS MARKET FUELLED BY RISING INCOMES AND FALLING PRICES
India’s premium spirits market is growing fast with rising incomes and sharply falling prices in many states boosting sales. India’s gross national income per head in 2021 was USD7,220 compared to USD4,190 in 2010, according to World Bank data. With more money, “Indians are drinking better, but unlike the west [also] drinking more,” Ruchika Gupta, marketing director of Beam Suntory told Just Drinks.…
CHARACTER-BASED RECRUITMENT MAKES SENSE AS FRAUD CASES GROW FAST
With corporate fraud rising fast, “hiring for character as well as competence is now the hottest trend” in recruitment practice, Bruce Weinstein, a high-profile USA-based business ethics speaker has told Fraud Intelligence. Securing honest senior managers and board members matters, said the self-styled ‘The Ethics Guy’, who has worked for All State Insurance, the National Football League, Northrop Grumman, the South Carolina National Guard, and more: “It is not only possible to do this; it is essential,” Mr Weinstein stressed.…
INDIAN PASHMINA PRODUCTION TO RECEIVE BOOST FROM GEOGRAPHICAL INDICATION PROMOTION
India’s production of pashmina, the most exclusive of the cashmere fibres, is to receive an important government boost through acquiring a geographical indication (GI) from India’s Geographical Indications Registry for product sourced and spun in the Himalayan region of Ladakh.
The government of the union territory of Ladakh, which runs the mountainous territory in which Indian pashmina is producer applied for the GI certificate last year (2021) and hopes to receive authorisation the next few months.…
CHINA COVID-19 TRADE DISRUPTION WORRIES AUSTRALIAN WOOL EXPORTERS
With the lifting of the Covid-19 induced lockdown in Shanghai at the start of June, the world’s largest wool exporters are hoping for less disruption to their business with China. But ongoing Covid outbreaks in the country, alongside the government’s continued zero-Covid policy, whereby cities are closed to control infections, and a backlog at its ports, are still causing concern.…
ARTIFICIAL INTELLIGENCE BOOSTS CUSTOMISATION
INTRODUCTION
Customisation is a key trend for a clothing and textile industry that looking to harness new technology to deliver consumer choice and flexibility over supply chains, including reshoring. The advent of artificial intelligence (AI) and machine learning, in addition to widespread automation of processes throughout the garment supply chain, has been hailed as a game changer.…
LACK OF INTERNATIONAL MODELS FOR ISLAMIC FINANCE HINDERS DEVELOPMENT OF THIS MAJOR CHARITABLE RESOURCE
A lack of common international Islamic financial regulatory system is hindering the development of Islamic social finance instruments, causing a dearth of good practice solutions that could effectively fight poverty, say experts.
In the February 2021 issue of the ISRA (International Shari’ah Research Academy) International Journal of Islamic Finance, Abdulsalam Ahmed Sawmar and his co-authors say one key element of Muslim charity – zakat (obligatory charity) – historically, “has been an integral part of the Islamic economic system because of its sizable impact in achieving social harmony and preserving decent living standard for the needy segments of Muslim communities.”…
HIJAB STYLING BECOMES MORE FASHIONABLE, COMBINING DESIGN WITH RELIGIOUS OBSERVANCE
Time was when hijabs were simply religious garb for Muslim women that covered their head and chest of religiously observant women. But hijab design has become increasingly sophisticated in recent years, with wearers wanting elegance while expressing their religious identity.
In Bangladesh, for example, online fashion influencers have been particularly influential since the mid-2010s, promoting different hijab trends and styles online, with local entrepreneurs increasingly producing and selling hijabs online, especially via Facebook.…
VEGETARIANISM AND ISLAMOPHOBIA HINDERS HALAL GROWTH IN INDIA
India’s predominant vegetarianism, religious complexities and a recent spurt in Islamophobic politics has stalled the development of a halal segment in a food and drink sector that serves a country of 1.38 billion people.
Despite serving the world’s second largest Muslim population of more than 210 million, according to the US-based Pew Research Center, Indian food manufacturers do not generally display ‘halal’ on any food labels, except meat.…
INDIA-GULF TRADE FEARS OVER PROPHET MOHAMMED ROW REFLECT LONG-TERM DIPLOMATIC CONCERNS FOR INDIAN EXPORTERS
A campaign to boycott Indian products in Islamic countries because of anti-Muslim comments made by leaders of India’s ruling Bharatiya Janata Party (BJP) may have died down for now but given the continuing Hindu-Muslim tensions in India, the risk of future supply disruption remains, warn economists.…
CRYPTO ML CASES GROW WORLDWIDE, PROMPTING REGULATORY RESPONSE
A spate of recent high-profile investigations into suspected money laundering through cryptocurrency and a failure to prevent it have drawn attention to the capacity of law enforcement to tackle AML/CFT activity in the crypto sphere.
In July 2021, the UK’s Metropolitan Police force in London said it had seized a record GBP180 million (USD219 million) worth of cryptocurrency linked to international money laundering.…
RUSSIAN DIGITAL TEXTILE MARKET WAS GROWING BEFORE THE DARK TIMES
Russia’s invasion of Ukraine and the resulting unprecedented international sanctions has disrupted an ongoing shift in Russia’s finishing sector towards digital textile printing. “Digital textile technologies are something new both for the entire world and for Russia. But we have a special interest in them.…
SCIENTISTS MAKE DISCOVERIES ON DEVEOPING GRAPHENE FILTERS TO CLEAN FINISHING WASTEWATER
Researchers have created an eco-friendly graphene-based nanofilter to remove dyes from textile wastewater, prompting scientists to claim another important industrial use for what has been called a ‘super material’. In the finishing segment, specialists have argued the filter could be a “game changer” for an industry facing increasing regulatory pressures and sustainability market demands.…
GROWING ECO-CONCERNS EXPAND DEMAND FOR USED COOKING OIL WORLDWIDE
Growing environmental concerns and rising awareness of sustainable energy resources is driving considerable growth in the global used cooking oil (UCO) market. Production is also being boosted by recent technological advancements in UCO processing, expanding supplies from the rapidly evolving foodservice industry and initiatives by various governments to promote UCO for industrial use.…
WAR DISRUPTS AML – BUT CAN BE INSPIRATION TO TIGHTEN UP REGULATION AND PRACTICE, SAY EXPERTS
Fighting money laundering is tough enough in peacetime, requiring the careful application of sophisticated and complex investigative techniques, so outbreaks of war can damage efforts to fight ML and terror financing. The chaos of war can also provide opportunities for financial crime and the laundering of its proceeds, including the evasion of sanctions.…
UN PLASTICS TREATY PUSHES DAIRY SECTOR TOWARDS MORE PLASTIC RECYCLING
The United Nations Environment Assembly’s (UNEA) planned global pact on plastic may act as a further disruptor and consolidator of efforts to address plastic packaging in the dairy industry. The legally binding agreement, which UN member states agreed would be concluded by 2024, according to a March 2022 announcement, aims to facilitate an end to plastic pollution by addressing the lifecycle of plastic, from design and production to disposal.…
SAUDI ARABIA’S NEOM TO PROMOTE FASCINATING RELIGIOUS HERITAGE TO ATTRACT GLOBAL TOURISTS
Marketers for the planned Saudi Arabia megacity of Neom, a key plank of the kingdom’s Vision 2030 strategy of economic growth and diversity, will highlight it site’s ancient religious heritage and develop adventure tourism to attract five million international tourists-a-year (by 2030).…
INVESTIGATION COSTS JUMP AS OVER 80% OF COMPANIES HIT SIGNIFICANTLY BY FRAUD
The costs of investigating fraud have increased over the past three years, according to 79% of respondents to a global survey, with 26% overall and 49% of companies with a turnover of more than USD15 billion seeing this increase as significant, said risk assessment specialists Kroll.…
BOOM IN FRAUD IS GROWING DEMAND FOR FORENSIC ACCOUNTANTS
With financial fraud booming, the market for forensic accounting – uncovering financial crime through the study of accounting data, bank records and associated company data – is also growing fast.
A report from US and UK-based Market Research Future (MRFR) issued last October (2021) predicted that the global forensic accounting market would be worth annual receipts of USD8.85 billion by 2025, growing at a compound annual growth rate (CAGR) of 8.2%.…
CHINA’S ‘GREEN FASHION' PHENOMENON IS REAL AND INCREASINGLY IMPORTANT
Chinese consumers are displaying an increasingly keen interest in sustainable fashion, being aware from personal experience that pollution can have a disastrous impact not only on the overall environment but also on their health. A Chinese University of Hong Kong report in 2018, for instance, concluded air pollution caused an average 1.1 million premature deaths in China.…
COVID-19 TURMOIL PROMPTS SHIFTS IN TASTES AND SALES WITHIN DIGITALLY PRINTED HOME TEXTILE MARKETS WORLDWIDECOVID-19 TURMOIL PROMPTS SHIFTS IN TASTES AND SALES WITHIN DIGITALLY PRINTED HOME TEXTILE MARKETS WORLDWIDE
The Covid-19 pandemic has been a disruptive force across the clothing and textile industry, and it has affected consumer taste as well as shaking up supply chains, notably in home textiles, which are increasingly finished by digital printing.
With changes in demand proving very fluid because of lockdown lives lived at home, and an increase in underlying personal stress, digital printing designs have sought to tap a need for feelings of wellness and calm.…
TIGHTER RESTRICTIONS ON SENSITISING DYE TOXINS PROMPTING NATURAL DYE INNOVATION TO REDUCE ALLERGIC REACTIONSTIGHTER RESTRICTIONS ON SENSITISING DYE TOXINS PROMPTING NATURAL DYE INNOVATION TO REDUCE ALLERGIC REACTIONS
With moves to sustainability conformity strengthening across the textile industry, rules protecting consumers and finishing workers, as well as the environment, are strengthening, notably to reduce textile dye allergies. Dye producers Colorifix, from Norwich, East Anglia, England, says this has led to “biology replacing chemistry” in dye production, enabling finishers to market products as provide positive health benefits not just preventing allergic reactions.…
SMART TEXTILES TARIFFS AND DUTIES – DEEP DIVE
INTRODUCTION
In the competitive and innovative world of smart textile manufacturing and sale, companies strive to maximise functionality and minimise costs. Their ingenuity is the basis of their competitiveness. But as with all industries, some costs are out of their control.…
MALAYSIA SEES DIGITAL TEXTILE PRINTING AS A KEY PART OF ESSENTIAL AUTOMATION
Digital textile printing will help Malaysia’s textile industry adopt greater automation as it tries to cope with a tight labour supply, the Malaysian Textile Manufacturers Association has said.
Its president Tan Thian Poh said the digital textile print segment will take centerstage, as fabric manufacturers cope with Malaysian government immigration restrictions on foreign workers for all industries.…
TEXTILE SECTOR MULLS IMPACT OF RUSSIAN INVASION OF UKRAINE ON ENERGY PRICES
Russia’s invasion of Ukraine has disrupted energy supplies and raised concerns about the future availability of oil and gas, inflating these commodity prices and hence energy prices, increasing textile and apparel processing costs worldwide. On December 21, as Russia was preparing to send its military into Ukraine-government controlled territory (February 24), Brent crude was selling for USD71.57 a barrel.…
ASIAN REGULATORY ROUND UP - JAPAN RESTRICTS PAINT AND CHEMICAL TRADE WITH RUSSIA OVER ITS INVASION OF UKRAINE
Companies in Japan that export paint and coatings and related chemicals ingredients to Russia and Belarus may face a trade ban if those items have been classed as ‘advanced goods’ under a May 20 amendment to Japan’s Export Trade Control Order.…
SMART FACTORY CYBERCRIME ATTACKS – DEEP DIVESMART FACTORY CYBERCRIME ATTACKS – DEEP DIVE
INTRODUCTION
The connection of information and operational technology through smart factories makes for undeniable improvements in manufacturing efficiencies, in output and cost. But all new technologies spark fresh vulnerabilities for attacks by criminals. Given the latent strength of smart factories is in connectivity, cyber-attacks are their most important illicit threat.…
NATURAL HALAL BEAUTY PRODUCTS LINK SUSTAINABILITY AND FAITH TO DELIVER STRONG GROWTH
The gap between halal and natural beauty is narrowing down as halal beauty brands integrate more natural and vegan ingredients into their products, and global cosmetics companies use more ingredients that are inherently halal.
“In essence, the majority of halal ingredients are of non-meat origin, hence vegan products, for example, are by default usually halal,” Amna Abbas, consultant for beauty and fashion at Euromonitor International told Salaam Gateway.…
RUSSIAN IVASION OF UKRAINE DISRUPTS FOOD TRADE FOR HALAL MARKET COUNTRIES
Russia’s unprovoked invasion of Ukraine has disrupted the supplies of food, especially cereals, to major halal food markets, with Ukraine and Russia togethering controlling around 30% of the global wheat trade. The military action, which the UN said on April 17 had killed 2,072 civilians, has put the Middle East and North Africa in a tight position over food supplies, especially given the region’s economies have been weakened by the Covid-19 crisis.…
BANGLADESH GROWS SUIT SEGMENT AS IT TARGETS HIGHER VALUE NICHES
Bangladesh is emerging as a major supplier for high-value suits in Europe and the US, taking advantage of the disruption faced by manufacturers in China, Vietnam, and Ethiopia during the Covid-19 pandemic. While Bangladesh faced its own supply chain and production disruption, China’s tough response to the pandemic has harmed its clothing production, Vietnam’s apparel sector has encountered labour shortages and Ethiopia’s Covid-19 woes have been worsened by civil war.…
ISLAMIC FINANCE HIGHER EDUCATION EXPANDS WORLDWIDE
With the Islamic finance sector growing fast – with global turnover valued at USD2.2 trillion, according to S&P Global Ratings’ Islamic Finance Outlook 2022 Edition, with a projected 12% growth between 2021 and 2022 – demand for higher education courses on the topic are growing fast.…
GOVERNMENT MEGA-PROJECTS KICK-START GROWTH IN MIDDLE EAST AND NORTH AFRICA PAINT MARKETS
The Middle East and North Africa (MENA) paint market has had a difficult past two years, but the sector is gradually rebounding, driven especially by major development projects and growth in Saudi Arabia and Egypt.
“It has been tough period. Covid-19 had a significant impact on the MENA.…
RUSSIAN INVASION OF UKRAINE CAUSES SUNFLOWER OIL SHIRTAGE AND COULD PROMT FAMINE IN AFRICA, SAY EXPERTS
The international oilseeds and related vegetable oil markets are facing major disruption through Russia’s invasion of Ukraine, with global vegetable oil prices soaring, according to the UN Food & Agriculture Organisation (FAO).
Its Vegetable Oil Price Index averaged 248.6 points in March, up 46.9 points (23.2%) from February, a new record high, driven by higher sunflower, palm, soy and rapeseed oil prices.…
BIOADHESIVES MARKET GROWS AS FUNCTIONALITY AND COST BENEFITS IMPROVE
Government regulations to control pollution coupled with increasing consumer awareness for biodegradable products look set to drive a 50% uptick in the global bio-adhesives market over the next three years. Standing at USD6 billion in 2020, the worldwide bio-adhesives market is forecast to reach USD9.6 billion by 2025 at a CAGR (compound annual growth rate) of 10%, according to a 2021 report from analysts Market and Markets (1). …
BANGLADESH LOOKS TO LEVERAGE KNITWEAR STRENGHS BY TARGETING GLOBAL SWEATER MARKETS
The Bangladesh knitwear industry is looking to boost its exports of sweaters, competing with Chinese suppliers hampered by their government’s continuing tough lockdown responses to further outbreaks of Covid-19. Meanwhile, US tariffs imposed during the trade war launched by former American President Donald Trump persist, giving Bangladesh sweater exporters a continuing price advantage, augmenting its lower labour costs.…
PROFILE OF PAKISTAN CLOTHING AND TEXTILE INDUSTRY
Pakistan textile and clothing industry has witnessed many advances and retreats during the last 10 years. With the country operating a less draconian set of lockdowns than neighbouring countries in south Asia, it has leveraged recent investment by increasing clothing and textile exports.…
RUSSIAN INVASION WILL CAUSE LASTING DAMAGE TO UKRAINE AND RUSSIA’S KNITTING INDUSTRY, SAY EXPERTS
RUSSIA’s invasion of Ukraine will damage European Union (EU)-Russia trade in clothing including knitwear, but Russia will continue to make woolen clothes, say experts. Meanwhile, the war launched by Russian President Vladimir Putin is devastating Ukraine’s knitwear production and retail sector.…
NATURAL DYES CATCHING UP WITH SYNTHETIC COUNTERPARTS
Finishers are innovating to overcome the past weaknesses of natural and organic dyes such as low yields when extracting dyes from sources such as vegetation, insects or molluscs, inferior wash performance and weaker fastness in general, compared with synthetic dyes.
A key focus of progress has been the improved use of mordants fixing natural dye stuff onto yarns and fabrics.…
PLANNED INTERNATIONAL TREATY ON REDUCING PLASTICS USAGE WILL HELP PERSONAL CARE PRODUCT SECTOR PLOT SUSTAINABILITY POLICIES
A planned legally binding global agreement covering the lifecycle of plastics should hasten the regulation, proliferation and uptake of steps in the personal care product industry to eliminate plastic pollution, sector associations and experts.
Even before the decision in March (2022) by the United Nations Environment Assembly to conclude negotiations by 2024 on a pact to eliminate plastic pollution, cosmetics manufacturers of all sizes have been moving towards a more circular economy approach.…
HALAL SECTOR EXPLORES TECHNICAL SOLUTIONS TO DEMONSTRATE COMPLIANCE WITH STANDARDS
The Covid-19 pandemic and latterly the Russian invasion of Ukraine has sparked an increase in cybercrime and fraud, and the halal sector – reliant on compliance with detailed production and sales standards – is a soft target for commercial criminals.
This fact is compounded by the proliferation of halal certificates as the sector expands worldwide.…
INDIAN HOME TEXTILES MAJOR DEVELOPS SOPHISTICATED SUPPLY CHAIN TRACKING SYSTEM
Mumbai-based home textiles manufacturer and exporter Welspun India is upgrading and diversifying the use of an innovative technology system – ‘Wel-Trak’ – which tracks cotton through various stages of manufacturing. Patented in 2017, this digital solution provides complete traceability of the raw material’s processing and manufacturing history, from its country of ginning to, weaving and manufacturing, including shipping details.…
UAE HALAL FAST-FOOD BRAND CHICKING TO OPEN 30 OUTLETS IN CANADA BY 2023
United Arab Emirates (UAE)-based halal fast-food chain Chicking is planning to expand its geographic footprint with up to 30 new outlets across Canada by 2023.
The company opened its first ChickQueen branch in the multi-cultural city of Mississauga, Ontario, in May 2021, as part of a plan to expand to all major Canadian cities, AK Mansoor, founder and chairman of Chicking, told Salaam Gateway.…
MUSLIM COUNTRIES MAINTAIN AWKWARD NEUTRALITY OVER RUSSIAN INVASION OF UKRAINE
Many Muslim countries, their governments and businesses, have adopted an uneasy neutrality towards Russia, as it continues its invasion of Ukraine.
Malaysia is a case in point – its close relations with European, north American and Asian countries (such as Japan and South Korea) means it will not want to breach their sanctions on Russia.…
COUNTRY PROFILE: VIETNAM
The Vietnamese apparel sector is a great success story, but to maintain its strong position, the country will have to build backward linkages, while mitigating some deep-rooted cost and labour challenges. Data from the World Trade Organisation (WTO) shows that from the 1990s, the country’s garment industry has risen from a low base to overtaking Bangladesh’s exports’ sales in 2020, with USD29 billion overseas sales revenues, ranking second worldwide.…
RUSSIAN INVASION OF UKRAINE CAUSES MAJOR DISRUPTION TO CLOTHING SUPPLY CHAINS IN RUSSIA
The Russian clothing retail and manufacturing industry is suffering because of sanctions imposed because of its government’s invasion of Ukraine, but the sector’s close links to Asia and Turkey are likely to reduce the impact.
With the war continuing, Russian bombers today (March 17) bombed a theatre in Ukraine’s port city of Mariupol, Svetlana Melnichenko, president of the Saint Petersburg-based Chamber of Textile and Fashion, noted that Russians were not in the mood to buy new clothes: “It’s spring.…
CRIMINALS EXPLOIT WAR IN UKRAINE FOR PROFIT
CRIMINALS are using the war in Ukraine for criminal gain, exploiting financial vulnerability and an overstretched national police to profit from human misery. While the smoke has yet to clear, Ukrainian officials are already beginning to report increases in smuggling, scams, and fraud. …
INDIA DIGITAL TEXTILE SECTOR READIES ITSELF FOR MAJOR EXPANSION
Steadily falling costs of digital textile printing in India and the country’s central government’s success in developing the specialised skills needed to operate these technologies are paving the way for modern inkjet printers to replace conventional printing techniques in this key Asian textile manufacturing centre.…
ASIA PACIFIC COATINGS DEVELOPERS TARGET NANOTECH ADDITIVES TO GENERATE MARKET GROWTH
The Asia-Pacific paint and coatings industry will play a key role the growing global nanotechnology-based coating market, with the region expected to register most significant expansion of production in the coming decade, said a market report titled Nano Coatings Market Size, Growth, Industry Analysis, 2022-2029, published in December 2021 by India-based DataM Intelligence (1).…
LOCAL START-UPS INNOVATE IN ASIA’S HIJAB HAIRCARE, GCC MARKET STILL UNTAPPED
Global haircare brands are starting to recognise a gap in the Muslim market as they launch products for hijab-wearing women and include them in marketing campaigns. L’Oréal’s Kérastase is the latest international brand to target this segment, having positioned its first anti-hair fall (loss) range, Genesis, to appeal to hijab-wearing women in Malaysia.…
MALDIVES PUSH FOR HALAL TOURISM LIKELY TO BOOST HALAL FOOD IMPORTS
The proactive move by the mainly Muslim south Asian archipelago of Maldives to boost halal tourism will make this country a larger market for halal-certified food imports. Imported food sold to its permanent population of 540,500 must be halal food under Maldives Food and Drug Authority (FDA) regulations, said Dr Abdullah Shiham Hassan a senior Maldives lawyer and past head of law in the faculty of Shariah law at the Maldives National University: “This is checked and monitored by the FDA regularly.” …
APPAREL SECTOR: COUNTRY PROFILE CHINA
Roughly two decades after China entered the World Trade Organisation (WTO) (in December 2001) and nearly two-and-a-half years into the Covid-19 pandemic, the country’s textile and apparel sectors seem healthier than ever. Customs data show that in 2021, the cumulative export value of China’s textiles and clothing reached USD315.5 billion, a year-on-year increase of 8.4%.…
INTERNATIONAL REGULATORY ROUND UP – CEFS UPSET OVER UK OPENING SUGAR MARKET TO NON-EUROPEAN PRODUCERS
The European Association of Sugar Manufacturers (CEFS) has attacked the UK government for extending until December 2024 an import quota of 260,000 tonnes for raw sugar, claiming this could disrupt the European sugar industry and market. “The UK’s approach is alarming, since it undermines existing concessions offered to sugar producers around the world,” said CEFS, notably European Union producers and those from African, Caribbean and Pacific (ACP) countries who usually have some special access to EU markets (and formerly UK markets prior to Brexit).…
RESEARCHERS WORLDWIDE DEVELOP COTTON PRE-TREATMENT INNOVATION
Major garment labels, technology innovators, environmental research companies and textile manufacturers are working hard worldwide to deliver sustainable solutions for cotton textile pre-treatment. Reducing levels of chemicals in wastewater, significantly decreasing the total amount of water used in processing in the first place and cutting energy use by as much as 75% are some of the benefits these new techniques are delivering to finishers.…
HALAL FOOTWEAR COULD BECOME SIGNIFICANT NICHE MARKET IN EUROPE AND NORTH AMERICA
At a time when footwear companies are moving to tap high-quality and high-added value segments and niche markets, such as vegan shoes, attention is now turning to the sales potential being offered for sales of footwear that is halal-certified in wealthy non-Muslim majority markets such as Europe and north America.…
TAILWINDS ARE PICKING UP FOR CHINA’S DIGITAL TEXTILE PRINTING SECTOR
Chinese finishers are increasingly recognising the ability of digital textile printing to offer outsourcing manufacturing hubs increased flexibility and production quality. Last October (2021), Guangzhou-based startup Youbu Information Technology Co announced it collected “tens of millions of RMB” – Chinese Yuan Renminbi (USD1 buys CNY6.35) from angel investors to transform China’s clothing supply chain with digital printing.…
PLANT-BASED MEAT ALTERNATIVES MARKET IN INDIA
India’s 1.3 billion population with an average age of 29, has been witnessing steady growth in meat consumption. According to an OECD report, India consumed six million tonnes of meat in 2020 (4.6kg per person). Nearly half the population now consumes non-vegetarian meals once a week in India.…
GERMAN PAINT SECTOR FACES UP TO SLUGGISH YEAR-ON-YEAR GROWTH
Continuing supply chain problems, worsened by Covid-19, and price hikes for raw materials have depressed the outlook for sales faced by the German paint business in 2021. Germany’s Verband der deutschen Lack- und Druckfarbenindustrie (VdL), the industry association for coatings, paints and ink production, predicts that overall sales will have fallen 4% in 2021 compared to 2020, partly because because 2020’s DIY boom, fuelled by pandemic lockdown orders, has run out of steam.…
INDIA’S MAJOR CLOTHING AND TEXTILE HAS ENOUGH DIVERSITY TO FLOURISH
India’s large and diverse clothing and textile industry is flourishing through sustained domestic sales growth and lucrative government incentives.
Its increased reliance on man-made fibres (MMF), a sharper focus on technical textiles and the construction of mega production units have been major features defining the progress of India’s clothing and textile industry.…
EU/WTO FOOD AND DRINK REGULATORY ROUND UP – EFSA CRACKS DOWN ON BPA
THE EUROPEAN Food Safety Authority (EFSA) has declared it will impose an effective European Union (EU) ban on using plastics containing the ingredient bisphenol A (BPA) as food contact materials. It is consulting on plans to reduce a tolerable daily intake by consumers of BPA to almost zero – 0.04 nanograms per kilogram of body weight per day.…
AMERICAS DIGITAL INKS – DEEP DIVE
INTRODUCTION
The growth in digital textile printing across the Americas has created a surge in demand for a wide range of digital inks, which is spreading into Latin America as well as north America. The adaptability and broad uses of digital inks, for garments, household products, technical textiles, and more, fits the diversity of the textile sector in the Americas, which spans higher wage industries such as US textile production to lower cost manufacture in central America.…
REPORT HIGHLIGHTS KILLINGS OF STUDENTS AND ACADEMICS WORLDWIDE OVER FREEDOM OF SPEECH AND CONSCIENCE
Universities in Afghanistan, Iraq, Haiti, Madagascar, Nigeria and Yemen have been highlighted as institutions where academics or students were killed because of their beliefs or activism in the past academic year, though a report from campaign group Scholars at Risk (SAR).…
THE OUTSOURCING/NEARSOURCING/RESHORING STRUGGLE WITHIN THE PROTECTIVE AND PERFORMANCE TEXTILE SEGMENTS
INTRODUCTION
The Covid-19 pandemic has sparked a reassessment of the model of relying on one or two outsourcing locations. It has demonstrated that when there is a major disruption caused by an emergency as serious as a pandemic, shipping and industrial processing can be disrupted.…
UNIVERSITIES ARE MAGNET FOR INTERNATIONAL MONEY LAUNDERING – SPECIAL REPORT
Higher education institutions are being warned they could be a target for money laundering, with fees being financed by the proceeds of crime, including corruption, which might also buy property, cars and other items for students.
The problem has been highlighted in a series of reports.…
FINCEN CLARIFIES RULES FOR NEW UBO SYSTEM, HIGHLIGHTING ITS WEAKNESS, SAYS EXPERT
USA FIU FinCEN has sought to clarify ambiguities in how it will collect beneficial ownership information under ‘Anti-Money Laundering Act’ (AMLA) passed by Congress in January, highlighting significant weaknesses in the system, said an AML expert.
While the law increases transparency in US business by creating a new beneficial ownership register, authorising a new AML whistleblowing system, increasing AML fines, and expanding powers to subpoena foreign banks for AML/CFT information, the UBO system has significant exemptions.…
APPAREL SECTOR: COUNTRY PROFILE BANGLADESH
The second-largest garment exporting country in the world, Bangladesh has grown its position as a key outsourcing hub since the 1980s.
With a global market share of 6.26%, according to the World Trade Statistical Review 2021 (1), “The industry has come a long way,” said Md. …
POLAND CAN MANUFACTURING AND FILLING SECTOR OFFERS STRENGTHS IN INNOVATION AND SUSTAINABILITY
The Polish can manufacturing and filling industry continues to attract attention from major buyers and investors from around the world, aware that this strong and innovating national sector is able to rely on a strong, reliable workforce.
Global beverage giant PepsiCo, for example, has been drawn to the Polish can manufacturing industry.…
SOUTH KOREA’S PHARMA SECTOR PROBES HALAL MARKET WITH INDONESIAN PARTNERS
South Korea’s pharmaceutical industry, a global player with exports reaching South Korean Won KRW7.93 trillion (USD6.8 billion) in 2020, has been expanding its foothold in the world’s Muslim markets, offering guarantees that manufacturers avoid inputs that are offensive to Muslims.…
HALAL FOOD EXPORTS GROW FAST FROM INDIA, WHICH HAS MAJOR DOMESTIC HALAL MARKET
Halal food exports from India are growing fast, according to a key Indian certification organisation, with domestic consumers among India’s 200 million Muslims also being increasingly demanding about halal standards.
According to Faiyaz Khan, the master technologist in food technology, of certification body the Jamait-Ulama-I-Hind Halal Trust, the volume of halal certified exported food products sold from India have grown by more than 50% over the past two years.…
HALAL AND NON-HALAL EXPERTS WORK TO TREAT ANIMALS HUMANELY – BUT LIVESTOCK CONSCIOUSNESS AT KILLING REMAINS A CONCERN
Halal experts and animal welfare activists around the world are seeking common ground on how to keep and slaughter animals in the most humane ways possible. Halal certification systems that forbid pre-slaughter stunning as haram is becoming an increasingly acute issue for countries with strong animal welfare culture traditions and growing Muslim populations.…
BANGLADESH PUSHING HALAL FOOD EXPORTS BY EXPANDING CERTIFICATION AND GOVERNMENT MARKET RESEARCH
The Bangladesh food industry is increasing its efforts to export halal foods to Muslim majority population countries. A senior government delegation is planning to visit Turkey and Indonesia this year to gather facts and advice on improving Bangladesh sales in these countries of halal food.…
EL SALVADOR CLOTHING INDUSTRY BOSS PILOTS SALVADORAN TEXTILE AND CLOTHING INDUSTRY OUT OF COVID CRISIS
The executive director of the Chamber of the Textile and Apparel Industry, of El Salvador (CAMTEX – Cámara de la Industria Textil) has told Just Style how her manufacturing hub is seizing market opportunities growing as Covid-19 ebbs.
Patricia Figueroa, who has been in her job since 2015, also highlighted the challenges the Salvadoran clothing and textile industry will tackle in 2021-22, with CAMTEX’s help.…
BENEFICIAL OWNERSHIP LEDGERS BEING CREATED – BUT NOT WITHOUT SERIOUS TEETHING TROUBLES
Britain’s open register of beneficial ownership was groundbreaking worldwide but its effectiveness as a bulwark against money laundering is being debated, even as both the European Union (EU) and the US move ahead at varying pace to replicate the system. The question of whether BO registers should be open or closed is one that is being discussed in countries around the world.…
ASIAN REGULATORY ROUND UP – TAIWAN REVISES CLIMATE LAW TO ENSURE PAINT EXPORTS TO EU AVOID ECO-DUTY
The Taiwan Environmental Protection Agency (EPA) has initiated a revision of the island’s Greenhouse Gas Reduction and Management Law, partly to help paint and coatings manufacturers maintain access to the European Union (EU) market. The reform will take account of the EU’s planned Carbon Border Adjustment Mechanism, which may levy duties on products the EU deems have been made with excess carbon emissions.…
ITALY’S FOOD CAN MARKET SHOWS RESILIENCE AMID CONTINUED SUPPLY CHAIN AND PANDEMIC DISRUPTION
Global supply chain delivery delays and price tensions continue to disrupt Italy’s otherwise robust food can production sector. With profit margins squeezed, food canners expect prices to rise across the board for these long shelf-life food staples
According to Italian can manufacturing industry association ANFIMA’s most recent data, Italy produced 698,523 tonnes of rigid metal packaging (tinplate and steel) and 24,745 tonnes of aluminium packaging in 2020, up 3.6% and 7% from the same period the previous year, respectively.…
LIBERALISATION OF CANNABIS IS EASING CONTROLS ON HEMP FIBRE PRODUCTION
The increasing decriminalisation and legalisation of cannabis as a recreational and medicinal substance has encouraged the liberalisation of hemp as a fibre crop, whose use in some jurisdictions had been restricted because of laws against the plant’s chemically-active ingredients.
This is starting to change, most notably in the USA, which used to have severe anti-marijuana laws, but which now has 18 states that have legalised recreational cannabis use.…
COVID-19 HAS NOT DETERRED OVERSEAS STUDENTS FROM PREFERRING IN PERSON FOREIGN CAMPUS PLACEMENTS
A comprehensive study of 3,650 students from 55 counties worldwide has indicated that the expansion of online learning during the Covid-19 pandemic has not reduced the attraction of moving countries to undertake in-person higher education in foreign universities and colleges.
Indeed, the study, by IDP Connect, part of Australia-based international student recruitment leader IDP Education, showed that 79% of students questioned were only considering overseas on-campus options.…
NON-CHEMICAL FINISHING AIDED BY DIGITISATION – DEEP DIVE
INTRODUCTION
Textile and clothing companies are well aware of two major trends driving sales in the industry – sustainability and digitisation. One is driven by the need to adopt sustainable manufacturing processes and materials, to boost sales amongst environmentally conscious consumers and reduce financial and regulatory costs associated with pollution and carbon emissions.…
PORTUGUESE HALAL MARKET GROWING TOWARDS SUSTAINABLE AND SIGNIFICANT FUTURE
The food halal market for Portugal, a largely Christian country that was in the early Middle Ages part of the Muslim world, has been expanding, serving a growing local Muslim community and Muslim tourists keen to taste Portuguese food.
Between 711 and 1249, most of Portugal was under Muslim rule, which influenced its language and culture.…
BANGLADESH PLANS TO TAP INTO UNTAPPED FANCY LINGERIE MARKETS OVERSEAS
The Bangladesh innerwear industry has been witnessing robust growth in the past decade and this outsourcing hub is now competing effectively with its major rival China. The production value of the country’s intimate wear jumped from US216 million in 2012 to US1.078 billion in 2021, according to a report from data service Statista (1).…
INDIA’S PACKAGED CAKE MARKET EXPANDS FAST – POSING LOGISTICS CHALLENGES FOR BRANDS AND RETAILERS
India’s packaged cake industry is enjoying a significant rise in sales, as the country’s economy and society stabilises amidst declining coronavirus infection rates. This growth has prompted companies to invest heavily in innovative products and capacity expansion.
Industrially manufactured packaged cakes, pastries and sweet pies are projected to command annual sales of USD453.1 million during 2021, up from USD423.4 million in Covid-19 hit 2020, with a compound annual growth rate of 5.9% projected for 2020-25, according to market researcher (and owner of Just Food) GlobalData.…
TEXTILE AND CLOTHING SECTOR WARNS OF JOB LOSSES IF USA PUSHES ETHIOPIA OUT OF AGOA
Ethiopian textile and clothing managers and workers are worried that the USA may expel their county from the African Growth and Opportunity Act (AGOA) trade access, as armed conflict continues in Tigray.
The US Trade Representative Katherine Tai has said America would “soon” decide on Ethiopia’s status under AGOA, which gives its clothing and textile exporters duty-free access to the United States.…
A Year since COVID-10: The Challenge and the Response
The Covid-19 pandemic, as a global crisis, will have worldwide long and short-term effects, although – of course – some counties have been, and will be, hit much harder than others.
Indeed, some countries, with fragile economies and weaker social systems, have been brought close to collapse by the coronavirus.…
COVID-19 PROMPTS MAJOR RETHINK ON TRAINING, MENTORING AND MOTIVATION IN AML
The Covid-19 pandemic has delivered experience about how an external crisis – in this case health – that forces AML officers to work at home, poses challenges in maintaining professional excellence. According to the Bank for International Settlements’ Financial Stability Institute an estimated 300 million office workers worked from home in May 2020, including 90% of banking and insurance workers.…
SMART FACTORIES DEEP DIVE
INTRODUCTION
While debates continue over whether Aristotle actually said ‘The whole is greater than the sum of its parts’, the concept that a system can deliver more impact than each element of its technology acting alone is well established in the textile sector.…
FINANCIAL CRIME IS MAJOR RISK FOR TEXTILE AND CLOTHING SECTOR – GAINING INSIGHT CAN HEAD OFF MAJOR LOSSES
INTRODUCTION
Financial crime is a minefield for the international textile and clothing industry. With extended international supply chains extending into jurisdictions where the rule of law and a reliable independent judiciary may have a weak hold, if they exist at all, textile and clothing brands and manufacturers must take care.…
CLOTHING AND TEXTILE SUPPLY CHAIN DIGITISATION – DEEP DIVE
INTRODUCTION
Without doubt, the world’s clothing and textile sector is undertaking a technical upgrade that is unprecedented in decades, with new digital systems offering automation and efficient internal controls. As these are worked into the businesses of brands, manufacturers and their suppliers, a new potential emerges, and that is linking these digital systems in a way that could revolutionise efficiencies within the supply chain.…
HOME TEXTILE MANUFACTURING CHARTING NEW PATHS WITH ALL-OUT DIGITISATION
The home textile sector is a strong growth segment for digital investments within the industry and the amount of innovation indicates this expansion has some way to go. There are good reasons why this segment is well suited to digitalisation. One is the rectangular form of most bed sheets, curtains and tablecloths – which aids fully automated cutting and sewing.…
WORLD’S LARGEST AD AGENCY AGREES TO END SHARP PRACTICES AND PAY SEC USD19 MILLION TO SETTLE FCPA CHARGES
London and New York-based WPP, the world’s largest advertising group, has agreed to pay USD19.2 million to resolve charges laid by the USA’s Securities & Exchange Commission that it breached the US Foreign Corrupt Practices Act (FCPA). The SEC alleged WPP allowed overseas subsidiaries to bribe clients and breach accounting controls.…
FRAUD HITS GLOBAL GIANTS HARD, DESPITE INCREASED DEFENCES - KROLL
Fraud, corruption and money laundering is hitting the world’s biggest corporations hardest, despite these companies bolstering their financial crime defences, according to Kroll’s latest annual Global Fraud and Risk Report (1). Risk specialists Kroll surveyed 1,336 senior executives from 17 countries worldwide and found 57% from companies with a turnover topping USD15 billion had experienced a “very significant” impact from such crimes, compared to 36% overall.…
WORLD’S LARGEST AD AGENCY AGREES TO END SHARP PRACTICES AND PAY SEC USD19 MILLION TO SETTLE FCPA CHARGES
London and New York-based WPP, the world’s largest advertising group, has agreed to pay USD19.2 million to resolve charges laid by the USA’s Securities & Exchange Commission that it breached the US Foreign Corrupt Practices Act (FCPA). The SEC alleged WPP allowed overseas subsidiaries to bribe clients and breach accounting controls.…
INTERNATIONAL REGULATORY ROUND UP – ICCO POISED TO WEAVE SUSTAINABILITY INTO GLOBAL COCOA AGREEMENT
THE RULING council of the International Cocoa Organisation (ICCO) is preparing to agree major reforms to the International Cocoa Agreement, which should see the agreement increase its commitment to boost sustainability in the chocolate sector.
Council members are considering final changes committing the ICCO to ensuring that cocoa production, processing and manufacture is socially, economically and environmentally sustainable.…
JAPAN PAINT COMPANIES PULL AWAY FROM COVID-19 SLUMP, BUT STRUCTURAL NEED FOR EXPORTS REMAINS
Japanese paint companies have felt the impact of the coronavirus pandemic on their bottom lines over the last 18 months, although their fortunes appear to have diverged in the first half of this calendar year. Firms that have a strong presence in China, where the economy has already bounced back strongly, are faring better than those that are primarily focused on domestic sales or export markets still struggling to shake off the lingering effects of the global health crisis.…
BANGLADESH TEXTILE INDUSTRY LEADER COMMITS TO SUSTAINED INNOVATION ON SUSTAINABILITY
The leader of Bangladesh’s clothing and textile industry has promised to keep encouraging this important outsourcing hub towards more innovative circular and sustainable operations, as major brands promise to deliver 100% sustainable and eco-friendly products. “In order to maintain our competitive position in the market, we must radically shift to more sustainable consumption and production, upcycling and recycling of pre- and post-consumer wastes,” said Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Faruque Hasan.…
AFRICA FABRIC SECTOR LOOKS TO INNATE CULTURAL RESOURCES 19 CRISIS TO PULL OUT OF THE COVID-19 CRISIS
AFRICA’s clothing and textile sector has been hit hard by Covid-19, with an emerging production industry being hit by falls in demand and disruption in supply chains. India-based market researchers Mordor Intelligence concluded in a report assessing the African industry’s prospects for 2021-5 that “disruption of the Covid-19 pandemic on global value chains and its impact on African businesses is already evident.”…
ERP DEVELOPERS TAILOR PROGRAMMES TO TEXTILE AND CLOTHING TO OFFER COMPETITIVE EDGE TO THIS DIVERSE SECTOR
INTRODUCTION
TEXTILES and clothing manufacture and sales are all about leveraging resources, from creative talent to quality materials and sophisticated technology. So, enterprise resource planning programmes (ERP) have been attractive for the past 20 years or more and have become an increasingly important tool of manufacturers and brands.…
AML TAKES ON THE WILDLIFE TRADE - BUT WILL IT SUCCEED?
The illegal wildlife trade is one of the world’s biggest money earners for criminals and is now coming under serious attention from the international anti-money laundering community.
Advocates for curbing the illegal wildlife trade (IWT) by ‘going after the money’ have been pushing for years for the trade to be included in anti-money laundering (AML) measures.…
MAURITIUS APPAREL INDUSTRY SET TO REBOUND IN 2021 AFTER SEVERE CONTRACTION
Mauritius’ textile and clothing manufacturing sector is expected to witness year-on-year growth of around 18.5% this year (2021) after suffering a severe Covid-19-related contraction of 28.6% in 2020. The National Accounts Estimates released by Statistics Mauritius in June (1) predict robust growth for country’s textile and apparel industry, which accounts for almost 50% of the country’s overall manufacturing.…
EUROPOL’S NO MORE RANSOM SITE STOPS NEARLY EUR1 BILLION IN LOSSES
In five years, the Europol-hosted website ‘No More Ransom’ (NMR) (1) “prevented criminals from earning almost a billion euros through ransomware attacks,” the European Union (EU) police agency claims. Launching a new more user-friendly home for its ‘Crypto Sheriff’ app on Monday (July 26), Europol said that through 121 free tools, able to decrypt 151 ransomware families of this malware, the NMR repository has helped more than six million people recover locked files for free.…
GOLDEN PASSPORTS RAISE INCREASING CONCERN OVER MONEY LAUNDERING VULNERABILITIES
THE EUROPEAN Commission in June (2021) signalled it was running out of patience with Malta and Cyprus over their ‘golden passport’ schemes which allow people investing in these small island nations to effectively buy citizenship. The European Union (EU) executive has long warned that such policies contain significant ML risks, releasing a detailed report in 2019 that highlighted concerns that governments failed to properly screen the source of funds used to gain golden passports.…
HOW DID THE TOBACCO INDUSTRY FARE DURING THE PANDEMIC IN BANGLADESH?
COVID-19 has been a challenge for many industries and the tobacco sector has been no exception, with the disease disrupting consumption and purchasing patterns that underpin profitability and turnover.
Countries where smoking is associated with socialising have been particularly vulnerable and a good example is Bangladesh, where the disease has depressed consumption, temporarily.…
INDIA CLOTHING AND TEXTILE EXPORTERS MULL FLYING WORKERS BACK TO FACTORIES AS ORDERS ROLL IN
India’s apparel and textile exporters are under huge pressure from their western buyers to meet contracts as the country’s devastating second wave of the Covid-19 pandemic eases. As a result, manufacturers have been flying-in workers who had returned to their home while the virus ravaged India’s cities and towns, depressing production capacity.…
VIETNAM’S PAINT SECTOR HIT BY COVID-19, BUT LOOKS FORWARD TO MEDIUM-TERM GREEN GROWTH
Covid-19 made 2020 an incredibly disruptive year for the global manufacturing sector and Vietnam’s paint and coatings sector did not escape the pandemic impact. This was despite that this south-east Asian country had an apparently low impact from the disease, with just 9,565 cases (as of June 9, 2021) and just 55 deaths from a 98 million population, albeit with a rash of new cases last month (June).…
ILLEGAL DRUGS ARE STILL THE LARGEST SOURCE OF DIRTY MONEY WORLDWIDE
The narcotics trade was a prime motivator to enact global anti-money laundering regulations to curb dirty money flows. Over 30 years later, drug trafficking is still considered the largest transnational crime by international law enforcement agencies. It is worth an estimated USD344 billion-a-year, according to Interpol, followed by counterfeiting crimes (USD288 billion) and human trafficking (USD157 billion).…
ROBOTICS POSE TOUGH CHOICES FOR TEXTILE SECTOR BUT ALSO OFFER MAJOR PRODUCTIVITY DIVIDENDS
INTRODUCTION
ROBOTICS are not new to the textile and clothing sector, and have driven productivity improvements for more than a decade. But these technologies are becoming increasingly more adaptable and more autonomous, offering the many stages in the textile and clothing and distribution chain the potential to increase margin.…
TOBACCO INDUSTRY UNDER GROWING REGULATORY PRESSURE TO REDUCE FILTER LITTER
New regulatory plastic waste obligations coming into force in July (this year) will force tobacco producers selling into the European Union’s (EU) 447-million-person market to take measures to reduce butt littering. The move, part of the EU’s Single Use Plastics Directive (SUPD) (Directive (EU) 2019/904), are designed to reduce the 4.5 trillion cigarette butts that end up as litter annually worldwide (according to the UN), generating 845,000 tonnes of waste, according to a New York (USA) state document.…
INDIA LABOUR CODE REFORMS HAVE BEEN DELAYED FOR SIX MONTHS – BUT ARE STILL ON TRACK FOR DELIVERY
Indian labour law reforms that had been scheduled for implementation in April, have been delayed and according to several experts, they are not now expected to be enforced before October.
“There was no official communication for a long time and therefore it looked like as if the codes were dead,” Saurabh Munjal, legal advisor to Apparel Export Promotion Council told just-style, “but last week the government has come out with two new notifications, which means that they are still working on it.”…
INDIA’S CLOTHING INDUSTRY ON THE RACK THROUGH CONTINUED COVID-19 SURGE
The ability of India’s clothing industry to serve overseas buyers has been devastated by the country’s ongoing second Covid-19 wave, with a collapse in domestic orders, labour fleeing urban areas and disrupted upstream supplies slashing industry capacity.
Indeed, according to a survey by Clothing Manufacturers Association of India (CMAI) released on May 7, industry-wide production has fallen to a quarter of normal levels: “Uncertainty is looming large,” said the association, which passed the survey results to just-style.…
LIE DETECTION TECH BEING DEVELOPED RAPIDLY, BUT EXPERTS WARN TRAINED HUMAN INTERROGATORS REMAIN ESSENTIAL
Lie detection is an emerging science, with technology being developed to help companies and law enforcement seek to detect fraudsters and other criminals. Artificial intelligence is a potential key development in enabling machines to screen subjects physical and audible response to questions to detect lies.…
MICROFACTORY GROWTH OFFERS MAJOR OPPORTUNITY FOR BOOM IN DIGITAL TEXTILE PRINTING
INTRODUCTION
The textile industry is one of the world’s oldest manufacturing sector, yet it is also one of the most dynamic, constantly reinventing itself. Today, the development of micro-factories might herald root-and-branch change in how the textile and clothing industry operates, a transformation driven by advances in digital textile printing.…
CONCERN RISES THAT AMERICAN CLOTHING SUPPLIES MAY SUFFER FURTHER KNOCK FROM SOUTH CHINA COVID-19 OUTBREAK
Apparel and footwear brands, especially those in the United States, may come under increasing distribution strain as an uptick in Covid-19 cases in the Chinese clothing and textile manufacturing hub of Guangdong exacerbates already fraught global logistics. The southern Chinese province recorded 135 total infections over the period June 10–23 and a seven-day average of nine new cases as of June 23, according to data from the USA’s Johns Hopkins University.…
CHINA’S NONWOVEN SECTOR RIDES HIGH ON COVID-19 GAINS, CAUSING SOME MARKET AND SUPPLY DISRUPTION ACROSS ASIA
When the COVID-19 pandemic unfolded in the first half of 2020, China’s textile industry quickly increased its nonwoven-based supply capacity of protective masks, medical protective clothing, isolation clothing and other emergency prevention and control materials.
Data compiled by the China National Textile and Apparel Council show that the country’s output of nonwoven products recorded a robust year-on-year growth of 14.4% in in the first eleven months of 2020.…
INDIA’S CHEESE MARKET AND INDUSTRY GROWS FAST
If the international food industry wanted to look for a national market segment that is growing fast and offers real sales volumes, it would do well to examine the Indian cheese market. Sales are projected to reach USD1.7 billion by 2024, according to by India-based market researcher IMARC, being predicted to increase 25% annually from a base of USD430 million in 2018 – see ‘Cheese Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024’ (1).…
INDIA’S CLOTHING AND TEXTILE MANUFACTURERS HIT HARD BY BRUTAL SECOND COVID-19 WAVE
THE INDIAN clothing and textile manufacturing sector is facing renewed disruption as India is hit by a brutal second wave of Covid-19.
“Labour has [partially] gone, production is down and demand is falling,” Sanjay Arora, business director at consultancy firm Wazir Advisors told just-style.…
MYANMAR CLOTHING EXPORTING BUSINESS DEPENDS ON SHIPPING
THE MYANMAR clothing industry is struggling to operate effectively as political unrest continues following the seizure of power by the country’s military on February 1.
Garment manufacturers, most of whom have been located in the country’s commercial capital Yangon, had been a major employer and a significant source of foreign currency for Myanmar.…
AML EXTRADITION PROCEEDINGS ARE COMPLEX AND UNEVEN TOOLS TO FIGHT DIRTY MONEY FLOWS
THE WIDE diversity of AML laws worldwide can complicate the enforcement of AML/CFT extradition proceedings.
Financial Action Task Force (FATF) recommendations 37 and 39 say that governments should be prepared to extradite money launderers (and terrorist financiers) to another country if they both criminalise the underlying predicate offence.…
CHINESE KNITTING MACHINE SECTOR STEAMING OUT OF THE CRISIS
Demand for knitting machines in China has been recovering remarkably fast from the Covid-19 crisis, with Chinese textile factory owners growing bolder in investment decisions, and exports to south Asia growing too.
Chinese knitting machine-makers Suzhou ReHow Machinery Manufacturing and Fujian Taifan Industrial, which supply mainly T-shirt fabrics single jersey circular knitting machines, saw their sales dip in 2020 but not to a dramatically low level.…
MYANMAR CLOTHING EXPORTING BUSINESS DEPENDS ON SHIPPING
THE MYANMAR clothing industry is struggling to operate effectively as political unrest continues following the seizure of power by the country’s military on February 1.
Garment manufacturers, most of whom have been located in the country’s commercial capital Yangon, had been a major employer and a significant source of foreign currency for Myanmar.…
COVID-19 TOBACCO SMUGGLING AND COUNTERFEITING IS BOON FOR ORGANISED CRIME
Covid-19 has reshaped commercial crime, and one lucrative offence taking a real turn for the worse is tobacco smuggling and counterfeiting. Keith Nuthall reports.
The Covid-19 pandemic has depressed incomes worldwide and forced lower income smokers to look for cheap smokes, which has included counterfeits or smuggled goods.…
COVID-19 TOBACCO SMUGGLING AND COUNTERFEITING IS BOON FOR ORGANISED CRIME
There is no doubt that the Covid-19 pandemic has fuelled the black-market trade in illicit and smuggled licit tobacco products. The disease has depressed income and forced lower income smokers to look for cheap smokes, which has included counterfeits or smuggled goods.…
CLOTHING MANUFACTURER SUPPLIERS HAVE FACED DOWN THEIR OWN KNOCK-ON DISRUPTION DURING COVID-19 PANDEMIC
The suspension of orders by clothing brands because of Covid-19 has not just been a problem for apparel manufacturers – the suppliers of these companies, including textile manufacturers, weavers, finishers, yarn producers and even fibre makers, have all suffered. With work drying up for manufacturers, upstream suppliers have lost orders.…
THE DEVELOPMENT OF DIGITAL IDs OFFERS EXPANSION OF EFFECTIVE AML/CFT KYC CHECKS
The development of trusted digital identity systems, now being rolled out internationally, will strengthen anti-money laundering and counter terrorist financing (AML/CTF) controls, the Financial Action Task Force (FATF) and AML technology vendors have argued.
Global AML body FATF is encouraging AML/CFT authorities to consider using regulatory ‘sandboxes’ to test how digital ID systems might interact with national AML/CFT laws and regulations.…
ENVIRONMENTAL REGULATION – PERFORMANCE AND OUTDOOR FABRICS
Environmental regulation is becoming increasingly tight for textile companies and this of special concern for the higher-tech side of the industry where new fibres, chemicals and processes are delivering a cutting edge. This is especially the case for innovative segments such as performance and outdoor materials.…
TECHNOLOGICAL INNOVATION IN PREDICTIVE MAINTENANCE CAN PAY DIVIDENDS FOR TEXTILE SECTOR
INTRODUCTION
NEW technology can deliver effective maintenance strategies to clothing and textile manufacturers, helping them go beyond reactive and proactive maintenance, moving into the more sophisticated world of prediction. The goal is to deliver an optimum maintenance strategy that enables manufacturers to get the most value out of their plant and equipment by spending the least amount of time, resources and money to deliver effective performance.…
SAPPHIRE GROUP OFFERS PAKISTAN TEXTILE INDUSTRY HI-TECH INVESTMENT EXAMPLE AS AUTOMATION FAILURES LOSE SECTOR ORDERS
The Lahore-based Sapphire Group has been blazing a good practice example to Pakistan’s fabric manufacturing sector by focusing on innovation when many local competitors have failed to update their production practice and technology.
With an annual turnover of USD800 million and an asset base exceeding USD500 million, the Sapphire Group has been optimising its productivity though careful attention process timing targets.…
ACCOUNTING SOFTWARE OFFERS TEXTILE COMPANIES GREATER TACTICAL FLEXIBILITY IN CHAOTIC POST-COVID 19 MARKETS
INTRODUCTION
Accounting software is crucial for any company wanting to expand on a sustainable basis, adding diversity in supply and customer relationships as they grow. The clothing and textile industry is particularly complex regarding its inputs and outputs. Production is also complex when manufacturers handle spinning, weaving, cutting and finishing.…
SOYBEAN OIL - A COVID-19 SUCCESS STORY THAT MIGHT LAST
With global markets and daily consumer habits being disrupted for almost a year due to the ongoing global Covid-19 pandemic, some oils and fats sales have grown – and a key example is soybean oil. This is true worldwide, from North and South America, to Africa, Asia, and Europe.…
NONWOVENS COMPANIES NEED TO KEEP CLOSE EYE ON DETAIL OF SINGLE-USE PLASTIC BANS
SINGLE use plastics bans being brought in across the world may not cover all nonwovens products, but they certainly are having an impact on the industry as it parses often complex rules coming into force.
A key piece of legislation is the European Union’s (EU) so-called ‘single use plastics directive’ (1) which has deadlines passing in 2021.…
GRAPHENE HELPING NONWOVENS MANUFACTURERS CREATE MATERIALS THAT CAN KILL VIRUSES, INCLUDING COVID-19
Already described by its proponents as a “wonder material” with numerous applications across the nonwovens sector, researchers now believe that graphene can play a “critical” role in the defeat of the coronavirus pandemic.
From advanced personal protection equipment (PPE) to air and water filtration systems, nonwovens manufacturers around the world have capitalised on this carbon-based material’s anti-viral capabilities to boost their product ranges.…
BRITAIN’S TRADITIONS OF SOFT POWER CAN OFFER POWERFUL EXAMPLE TO ARAB WORLD
In 2021, when the UK has thrown away its most precious diplomatic asset, its membership of the European Union, for dubious democratic gains, burning major European civil rights enjoyed by Britons and causing likely economic long-term damage, it is maybe time to recall when Britain followed more enlightened international policies.…
BRITAIN’S TRADITIONS OF SOFT POWER CAN OFFER POWERFUL EXAMPLE TO ARAB WORLD
In 2021, when the UK has thrown away its most precious diplomatic asset, its membership of the European Union, for dubious democratic gains, burning major European civil rights enjoyed by Britons and causing likely economic long-term damage, it is maybe time to recall when Britain followed more enlightened international policies.…
THE RECP - HOW THE WORLD’S BIGGEST FREE TRADE AGREEMENT WAS SIGNED AND HOW IT WILL CHANGE ASIA
Brief:
This article provides an analysis of why the world’s largest regional trade deal (in population terms) – the Regional Comprehensive Economic Partnership (RCEP) – was signed last November (2020). It assesses China’s role in this important political and economic event, and how it reflects its relations with other signatory countries.…
COVID-19 HAS ENCOURAGED INDIAN FOOD COMPANIES CONSIDERING AUTOMATION TO MAKE THESE INVESTMENTS
In India, the increased demand for branded food products and workplace restrictions on industrial labour caused by Covid-19 has inspired automation among food manufacturers. This investment is expected to standardise and increase the quality of products well into the future, well beyond the end of the pandemic.…
INDONESIA PAINT AND COATINGS SECTOR SET FOR STABLE GROWTH POST-COVID-19
The paint and coatings industry in Indonesia still has ample room for growth amid booming infrastructure development, although it has had to struggle with the ongoing Covid-19 pandemic, say officials and industry experts.
With the property sector being the primary growth driver Indonesian paint and coating sales, the high demand for new housing and the repainting cycle assures the steady demand for paint and coating products, said Mahendra Chahar, senior consultant at Frost & Sullivan.…
INDONESIA PAINT AND COATINGS SECTOR SET FOR STABLE GROWTH POST-COVID-19
The paint and coatings industry in Indonesia still has ample room for growth amid booming infrastructure development, although it has had to struggle with the ongoing Covid-19 pandemic, say officials and industry experts.
With the property sector being the primary growth driver Indonesian paint and coating sales, the high demand for new housing and the repainting cycle assures the steady demand for paint and coating products, said Mahendra Chahar, senior consultant at Frost & Sullivan.…
SHIFTING AND VARIED LABELLING RULES ARE MAJOR COMPIANCE CHALLENGE FOR INTERNATIONAL BEAUTY BUSINESS
REGULATIONS affecting what information can, should and cannot be placed on personal care product packaging are among the most demanding of compliance issues facing beauty manufacturers.
One reason is that this is both a very international field and a dynamic one – rules change all the time and vary widely from market to market.…
TEXTILE COATINGS EVOLVING IN LEAPS AND BOUNDS TO MEET NEW CHALLENGES
In the modern textile industry, coating, surface modification and laminating are the key means to tailor textiles and nonwovens to create functional products for specific, often high-performance, applications.
Such techniques have offered the sector potential advantages as it entered uncharted terrain in 2020, being at the forefront in humankind’s fight against the Covid-19 pandemic.…
GOVERNMENT LARGESSE TO EASE COVID-19 IMPACT TARGETED BY FRAUDSTERS
THE ONSET of Covid-19 has caused many fraud problems, but a particular difficulty has been fraudsters exploiting the unprecedented government largesse released designed to prevent economic collapse at the hands of the pandemic. In the UK, for instance, the House of Commons public accounts committee issued a report in October (2020), saying that Her Majesty’s Revenue & Customs (HMRC) had reported 8,000 allegations from employees that their employers – supposed to pay a lower level of wages to staff to receive furlough payments under the UK Job Retention Scheme – had not actually made these payments, or paid less than they should.…
CHINA SLOWS EXODUS OF FABRIC MANUFACTURERS TO SOUTH AND SOUTH-EAST ASIA – BUT REVERSAL MAY NOT LAST SAY EXPERTS
The onset of the Covid-19 pandemic sparked predictions that the shift of textile industrial capacity from China to lower cost neighbouring countries could intensify, but analysts talking to Twist International say the trend may have stalled in the past year. While production capacity of China’s textile industry has indeed in recent years shifted to south and southeast Asia, some of these transfers have not run smoothly.…
EXPLORING THE FASHION OF TOMORROW IN THE DNA OF MAURITIUS’ ERIC DORCHIES
Eric Dorchies was appointed Mauritius’ Ciel Textile Ltd’s CEO last July (2020) at a moment when his country’s important clothing and textile sector was struggling hard against the impact of the Covid-19. It has not been an easy start to his job (he was previously the company’s COO) given the risk of the third wave of the virus hitting Europe, the company’s main market.…
INDIA’S BISCUIT AND COOKIE SEGMENT GROWS FAST DURING COVID-19 PANDEMIC - EXPANSION PROJECTED TO CONTINUE
The size of India’s biscuit and cookie market, valued at USD4.7 billion in 2019 by GlobalData, registered a sudden expansion during the Covid-19 related lockdown, due to a sharp increase in at-home consumption. The industry is growing at a rate of 9.7% annually, according to figures released by GlobalData, with sales moving towards healthier premium categories, such as low sugar digestive biscuits.…
INDIA’S BISCUIT AND COOKIE SEGMENT GROWS FAST DURING COVID-19 PANDEMIC - EXPANSION PROJECTED TO CONTINUE
The size of India’s biscuit and cookie market, valued at USD4.7 billion in 2019 by GlobalData, registered a sudden expansion during the Covid-19 related lockdown, due to a sharp increase in at-home consumption. The industry is growing at a rate of 9.7% annually, according to figures released by GlobalData, with sales moving towards healthier premium categories, such as low sugar digestive biscuits.…
NEW AIRPORT OPENS NEW CHAPTER IN BAHRAIN AVIATION HISTORY
The Gulf kingdom of Bahrain is kicking off 2021 with the grand opening of its new airport passenger terminal, a 210,000 square metre (sqm) building that is four times the size of the existing facility. Following its official opening on January 28, the terminal will be capable of processing 130,000 air traffic movements a year, up from 95,500 in 2019, and will have a handling capacity of 4,700 bags an hour. …
INTERNATIONAL REGULATORY ROUND UP – EU/UK CONFECTIONERS MUST ABIDE BY COMPLEX ORIGIN RULES TO SECURE BREXIT DUTY FREE TRADE
BRITISH and European Union (EU) confectioners must take care to ensure their products meet new origin rules if they want them covered by the duty free goods provisions of the new EU/UK trade agreement struck on Christmas Eve.
The 1,256-page deal includes complex and comprehensive origin rules, such as for chocolate, which can be deemed made in the EU and Britain if all dairy, eggs and honey used are sourced locally, as well as at least 40% of grains, malt, starches and wheat, (which must also not exceed 30% of costs).…
ASIAN REGULATORY ROUND UP – INTEGRATED INDIAN PIGMENT AND RESIN PLANTS TO AVOID EIA ASSESSMENTS
NEW integrated paint manufacturing units in India with an annual production capacity of less than Indian Rupees INR500 million (USD6.6 million) will soon be exempt from securing prior environment clearance by the ministry of environment and forests (MoEF). This rule, covering plants with production facilities for resins and pigments, is expected to come into force early next year (2021) once the central government formalises and gazettes a new Environment Impact Assessment (EIA) Notification.…
CORRUPTION REMAINS A MAJOR PROBLEM IN ASIA, SURVEY FINDS
A new Transparency International (TI) survey has reported significant concern in 17 Asian countries (1) that corruption continues to be a problem or is getting worse, undermining equitable access to public services and trust in government. TI’s ‘Global Corruption Barometer – Asia’ (2) found 74% of the 20,000 people surveyed believe that government corruption is a major problem in their country, with 19% of citizens surveyed admitting to paying a bribe and 22% using personal connections when accessing public services in the previous year.…
SOUTH ASIAN CLOTHING MANUFACTURERS SHUTTER TIGRAY PLANTS BECAUSE OF ETHIOPIAN WAR - FLY STAFF HOME
INDIAN garment exporters with manufacturing units based in the war-ravaged Tigray region of Ethiopia are hoping for an early revival of operations and in the interim say they are finding alternate production centres to honour their supply commitments.
“We are making the products [that were to be supplied from Ethiopian] in our Indian factories,” Arul Saravanan, chief marketing officer of SCM Garments Pvt Ltd, in Tirupur, south India, told just-style.…
GOLD IS IDEAL LAUNDERING VEHICLE, BUT AML OVERSIGHT CONTROLS ARE TOO WEAK ARGUE CRITICS
The international gold trade is worth over USD6 trillion a year, according to the World Gold Council (WGC), but oversight of the supply chain is considered weak by many critics, relying on self-regulation, making it vulnerable to money laundering.
Gold remains scarce and hence valuable: from antiquity until 2019, just 197,576 tonnes has been mined – equivalent to a 21.7 metre cube, according to the World Gold Council.…
SRI LANKA CLOTHING SECTOR RECOVERY HIT BY SECOND COVID-19 WAVE
JUST when Sri Lanka was about to kickstart post-Covid-19 recovery of its critically important clothing sector, having managed the pandemic’s first wave with only 13 deaths, these plans have been sidelined by a deadly second wave of infections. And worse, cases have broken out among garment factory workers nationwide. …
PRICE VARIATIONS IN PAINT TRADES COULD MASK DIRTY MONEY FLOWS, COMMERCIAL DATABASE WARNS
THE INTERNATIONAL trade in paint and coatings products and ingredients contains significant variations in prices that some experts warn maybe too good to be true and could indicate that certain trade flows are being exploited by money launderers.
Such criminals seeking to move illicit proceeds from one country to another through artificial pricing – deliberate over- and under- invoicing.…
GUINEA-BISSAU: PUBLIC HIGHER EDUCATION WALKS A TIGHTROPE AMID SEVERAL ENDEMIC CRISES
The Amílcar Cabral University, the only public university in Guinea-Bissau, one of the world’s poorest and politically fragile countries, is looking to expand its educational services and attract more funds, trying to overturn past student dissatisfaction with its work.
After nine years leaning on a public–private partnership with the Lisbon, Portugal-based Lusófona University, the UAC (Universidade Amílcar Cabral in its Portuguese acronym), ended in 2013 after the government jeopardised the agreement.…
SECRETS OF A WINNING DUAL-CAREER ACCOUNTING COUPLE MODEL IN THE UAE
ACCA members Danish Sange and Amina Rafi reveal how their marriage has accelerated their professional growth and advanced their careers.
It is tough to separate work and home when you are married to someone with a similar profession.
But setting these boundaries has helped Danish Sange, manager at PwC Middle East, and his wife Amina Rafi, audit senior at Deloitte Middle East, make the most of their relationship.…
COVID-19 PANDEMIC FUELS INNOVATION AND DEVELOPMENT FOR ANTI-VIRAL COATINGS
The Covid-19 pandemic is set to drive a near threefold surge in the antiviral coatings market as researchers and developers say they now realise how little they know about effective materials combatting such threats.
The search for more universal antiviral materials “should be continued with even higher intensity”, said Professors Ken Ostrikov and Ziqi Sun from Queensland University of Technology, in Australia, in their September (2020) report, ‘Future antiviral surfaces: Lessons from COVID-19 pandemic’, featured in the publication ‘Sustainable Materials and Technologies’.…
AUSTRALIA: QUICK UPTAKE OF DIGITAL PRINTING TECHNOLOGY OFFER LOCAL DESIGNERS CHANCE TO TEST PRODUCTS
AUSTRALIA’S digital textile finishing market is small and therefore challenging compared to markets in Asia, Europe or the US. Australian fashion and fabric manufacturers usually outsource finishing to partners in Asia, notably in China or India, but use local digital print companies for smaller runs and sampling, said Romeo Sanuri, general manager Next Printing, which offers digital printing services to textile customers from Sydney.…
EU PUSHING AHEAD WITH PLANS TO REPLACE 4 AND 5AMLD WITH ‘SINGLE RULEBOOK’ REGULATION
THE EUROPEAN Commission is moving ahead with its plans to replace the European Union’s (EU) long-standing system of anti-money laundering directives – which give member states some flexibility over implementation – with a compulsory AML regulation. This will be directly applicable in all member states and must be followed to the letter.…
INDIAN FOOD MAJOR EXECUTIVES FOCUS ON FUTURE AS THEIR COMPANIES FIGHT THROUGH COVID-19
AMUL
The owner of India’s popular Amul dairy brand, will invest Indian Rupees INR10 billion (USD136 million) over the next two years in new dairy plants and bakeries, indicating optimism about Indian post-Covid 19 food markets. Rupinder Singh Sodhi, managing director of Gujarat Cooperative Milk Marketing Federation (GCMMF), (which registered sales of USD7 billion in the financial year ending March 2020), told just-food that throughout the pandemic, the company’s sales have been growing consistently.…
BIGGEST EXPORTERS ARE WORST AT FOREIGN BRIBERY ENFORCEMENT
Countries exporting the most goods and services are also the worst at foreign bribery enforcement, according to the latest report from anti-graft group Transparency International. ‘Exporting Corruption Progress Report 2020: Assessing Enforcement of the OECD Anti-Bribery Convention’ finds that most countries assessed (34 out of 47), conducted weak or no enforcement of their foreign bribery laws, in part hindered by a lack of public information on beneficial ownership. …
TEXTILE FINISHING AND DYEING COMPANIES SHOULD BE WARY OF UNUSUAL PRICING, LEST IT INDICATES TRADE-BASED MONEY LAUNDERING
CHEMICAL-based industries such as textile dyeing and finishing need to take care that trades involving products they make, have sold or are bought, are not being abused by money launderers to transfer the value of illicit proceeds across the world.
That is the message of the owner and operator of a specialist database that tracks the risk of products of any kind being exported and imported for the purposes of trade-based money laundering (TBML).…
ASIA PACIFIC PAINT AND COATINGS REGULATORY ROUNDUP – CHINA RELEASES ANTI-VIRAL/BACTERIAL COATINGS STANDARD
THE CHINA Coatings Industry Association on September 14 published a draft standard for the manufacture and sale of antibacterial and anti-viral coatings – a key growth segment during the Covid-19 pandemic. The draft specifies the terms, definitions, requirements, test methods, inspection rules, labelling, marking, packaging and storage of coating products with antibacterial and antiviral properties.…
NANOCOATINGS OFFER SIGNIFICANT BENEFITS TO THE AVIATION AND SPACE SECTORS
From sustainability to flammability, anti-viral protection to anti-corrosion, the potential applications of nanocoatings in the aerospace industry are “nearly endless,” say researchers who have noticed a sharp uptick in their use. This is particularly in relation to space missions and technologies.…
INDONESIA CHALLENGES LEGALITY OF EU PALM OIL BIOFUEL RESTRICTIONS
A WORLD Trade Organisation (WTO) disputes panel will assess whether import restrictions created by the European Union (EU) to reduce the use of carbon-intensive biofuels comply with global trading rules.
The Indonesian government is challenging portions of the EU’s renewable energy directive (RED) linked to EU guidance limiting the indirect land use change (ILUC) of biofuel feedstock cultivation.…
SWITZERLAND PAINT AND COATING INDUSTRY’S QUALITY HELPS IT PUSH THROUGH COVID-19 EPIDEMIC
Switzerland may be a small country of 8.5 million people, with an area of 41,285 km², 60% of which is mountainous, but its paint and varnish industry is substantial and growing, despite the Covid-19 pandemic. Of course, it helps that Switzerland is rich.…
INDUSTRY EXPERTS PREDICT NEW WAVE OF VAPING REGULATION WILL ENCOURAGE CONSUMERS TO SMOKE MORE TOBACCO
Cigarette sales could be boosted by the growing challenges faced by vaping products, according to senior figures from the industry speaking to TJI. Certainly, the days when vaping products received a relatively clear pass in marketing restrictions are over in some jurisdictions.…
TEXTILE INDUSTRY INNOVATORS CREATING NEW STRAINS OF SUSTAINABLE NATURALLY COLOURED COTTON
Textile industry innovators are seeking to create and improve naturally coloured cotton, that can reduce or even remove the need for manufacturers to add dyes that can be expensive and generate significant levels of pollution.
Natural coloured cotton is not new, with Liv Severino, head of Empresa Brasileira de Pesquisa Agropecuária (Embrapa), the Brazilian Agricultural Research Corporation, a state-owned research corporation affiliated with Brazil’s ministry of agriculture, livestock and food supply, noting evidence that human clothes were made from such fibres in the Andes 5,000 years ago.…
ASIAN DAIRY SECTOR AND MARKET NAVIGATING TOUGHENING HEALTH CLAIM REGULATIONS
Growing Asian dairy markets are increasingly regulating the health claims that could be made on packs of food, a trend that is impacting international dairy exporters from Europe as much as local dairy producers.
A key example is Taiwan, that will in 2022 forbid the word ‘healthy’ on food items except foods that have received special health food permits.…
TEXT FRAUD CAN HIT VICTIMS HARD BECAUSE VICTIMS REPLY TO PHONE MESSAGES IN HASTE, BUT REPENT AT LEISURE
TEXT fraud is maybe more dangerous that email fraud, given the tendency for mobile phone users to respond to texts swiftly and without careful thought, cyber-security experts warn.
The Covid-19 pandemic has also created opportunities for fraudsters using texts and messaging services such as WhatsApp to launch fishing and other attacks on the unwary.…
QUANTUM COMPUTING RESEARCH DEVELOPING ACROSS AFRICA, WITH SOUTH AFRICAN WORK UNDERPINNING PROGRESS
The cutting edge IT field of quantum computing is developing across Africa, with South Africa considered the hub, in part through an IBM centre in Johannesburg that enables academics throughout the continent to freely access its quantum computer network, based in the USA, through the cloud.…
VIETNAM APPAREL SECTOR OPTIMISTIC ABOUT GROWTH DURING ANTICIPATED 2021 REBOUND FROM COVID-19
VIETNAM clothing industry insiders have told just-style that they are optimistic that the Vietnamese apparel supply chain will emerge strengthened from the Covid-19 crisis in 2021. This is despite an ongoing shortage of orders during 2020, only partly mitigated by switching production to make masks.…
PLANNED INDIAN NON-DIARY PRODUCT LABELLING RULE ANGERS PLAN-BASED MILK MAKERS
A NEW draft regulation released by the Indian government that would ban packaging in India containing non-dairy products like soya milk or coconut milk from being labelled as ‘milk’ has been welcomed by the dairy industry but opposed by plant-based milk companies.…
LABOUR SHORTAGES IN INDIA’S CLOTHING SECTOR LIMITS INDUSTRY’S ABILITY TO SNATCH ORDERS FROM CHINESE COMPETITORS
Indian apparel exporters continue to face severe labour shortages, limiting the orders they can accept and undermining the quality of their work, even as the country’s five months-long Covid-19 related lockdown has largely been lifted. This scarcity of trained and experienced labour is coming at a bad time for Indian manufacturers who have an opportunity to snatch business from Chinese competitors as western buyers seek to diversify supply chains during the pandemic.…
ASIAN REGULATORY ROUND UP - CHINESE GOVERNMENT LAUNCHES COATINGS SECTOR POLLUTION PROBE
The China National Coatings Industry Association (NCIA) on July 31 informed members that it has been told by the ministry of ecology and environment to investigate the production, treatment and disposal of hazardous waste in the coating industry and compile a management guide based on the investigation’s findings.…
PAKISTAN’S PAINT AND COATINGS SECTOR HAS UNDERLYING STRENGTH – POISED FOR POST-COVID-19 RECOVERY
PAKISTAN’S paint and coatings sector is understandably suffering from Covid-19, which has hit the country hard with 276,288 cases and 5,892 deaths as of July 28. But the industry has been expanding and its executives hope for a sustained recovery once the pandemic has abated, ending the current series of rolling smart lockdowns targeting infection hotspots.…
NIGERIAN ACCOUNTANT MOVES COUNTRIES AND BECOMES UGANDAN AND KENYAN BEER FINANCE BOSS
Taking up a new job where you are responsible for overseeing how a business operates in three countries during a global health pandemic is not a task many financial professionals would take on lightly. But that is what Busola Doregos, a Nigerian accountant working in Uganda has just done. …
INTERNATIONAL SUGAR ORGANISATION WANTS TO WORK WITH CONFECTIONERS IN FIGHTING ANTI-SUGAR JUNK SCIENCE
The executive director of International Sugar Organisation (ISO) wants his body “to work more with the confectionery sector”, as it strives to debunk junk science that derides the nutritional value of sugar. José Orive told Confectionery Production that ISO wanted to succeed in presenting “scientific evidence-based information” about sugar’s health impact so the reputation of confectionery products is not “blackened with funky fake data”. …

NORDIC BEAUTY MARKET HIT BY COVID-19, BUT FUNDAMENTAL STRENGTHS REMAIN
All five countries are also developed economies, whose consumers have money to keep their personal care product traders afloat.
According to Finland-based Global Research & Data Services, sales of personal care products in Norway’s 5.3 million people market last year (2019) were worth USD700 million, based on UN data.…
INDIAN AML REFORMS MAY HELP SECURE A POSITIVE FATF MER ASSESSMENT, BUT WEAKNESSES WILL BE FOUND, SAY EXPERTS
As the Financial Action Task Force (FATF) prepares to review India’s compliance with its AML/CFT recommendations during 2021, government authorities in New Delhi are confident of a positive resulting mutual evaluation report (MER).
According to Pawan Singh Tomar, former Principal Commissioner of Income Tax at India’s Income Tax Department, government official claims are not based on hubris.…
ITALY PAINT INDUSTRY KEEPS POSITIVE AMID PANDEMIC GLOOM
ITALY’s paint industry is hopeful that the end of the country’s Covid-19 lockdown will herald a surge in business, interrupted by the pandemic. Gianni Martinetti, president of the Paints and Varnishes Group of AVISA, the adhesives and sealants, paints and varnishes and inks division of national chemicals industry association, Federchimica said: “The hope is that, after two very hard months of lockdown, we can start again with the same liveliness that was found in the first quarter of 2020.”…
ASIA-PACIFIC REGION OFFERS GROWING PROTECTION TO WHISTLEBLOWERS, ALTHOUGH COMPREHENSIVE LAWS ARE USUALLY ABSENT
THE ASIA-Pacific region, even one-party states such as China, have developed legal protections for whistleblowers, although the comprehensive protection more commonly found in Europe is still usually absent.
South Korea is one jurisdiction leading the pack on developing robust whistleblower protections.…
INDIAN FOOD MANUFACTURING BRANDS EXPLORE E-COMMERCE HOME DELIVERY NETWORKS, AS COVID-19 ERA SHOPPERS SHUN STORES
Indian packaged food manufacturers are increasingly relying upon online purchased home delivery of their products to compensate for falling demand in physical store retail because of Covid-19 lockdown restrictions imposed since March 24.
Instead, some major food manufacturers have built up home delivery network and boosted online purchases, in many cases through third party ecommerce platforms, but also developing their own delivery networks.…
INDIAN KNITWEAR SECTOR STRUGGLES TO COPE WITH COVID-19 FALLOUT
The Indian knitwear industry, a sector that exported USD7.5 billion’s worth of apparel in the financial year ending March 2020, according to the country’s directorate general of foreign trade, is undergoing severe stress induced by the Covid-19 related lockdown and resulting collapsing demand.…
COVID-19 FUELS EXPANSION IN NONWOVENS AND NONWOVENS PRODUCT MANUFACTURING ACROSS ASIA
THE ASIA nonwovens sector has been reaping the benefits of booming demand for protective medical materials during the Covid-19 crisis. But like the pandemic, this roaring demand will end, and nonwovens producers need to ready to a post-Covid-19 market.
This will mean reining in growth, but as David Price, founding partner of US-based management consultancy specialising in nonwovens Price Hanna Consultants, said, with regional nonwovens sales per person still low in global terms, the “market penetration for disposable and durable nonwovens in southeast Asia and China” is likely to grow regardless.…
NORDIC BEAUTY MARKET HIT BY COVID-19, BUT FUNDAMENTAL STRENGTHS REMAIN
THE NORDIC region’s beauty market has, like every other country, been hit by the Covid-19 pandemic. However, the stability of societies in Norway, Sweden, Finland, Denmark and Iceland has meant that their retail sectors have avoided some of the chaos linked to the health emergency that that has harmed other markets.…
AGRI-TEXTILES SECTOR BECOMES MORE SUSTAINABLE IN PRODUCTION AS DEMAND GROWS FOR ITS KEY FOOD PRODUCTION ROLE
If there is one subsector of technical textiles that is regarded as well suited to environment-friendly materials innovation, it is surely the agricultural textile (ag-tex) sector. This is indeed the case, with research and development specialists creating clever solutions allying the functional and sustainability benefits of ag-tex with new biodegradable and naturally-sourced fibre.…
EV CONTACTLESS RECHARGING TECHNOLOGIES BEING DEVELOPED FOR MARKET WORLDWIDE
THE NEED to actively recharge electric vehicles makes them less attractive to consumers, especially when batteries can take eight hours to charge. So, the development of ambient technologies that enable EVs to charge themselves as they operate has been a key focus of automotive R&D.…
CLOTHING AND TEXTILE FIRMS INNOVATE WITH ANTI-MICROBIAL FABRICS AND PRODUCTS, MEETING DEMAND FUELLED BY COVID-19
TEXTILE and fibre innovators worldwide are seeking to tap growing demand for antimicrobial, virus and bacteria killing fibres and fabrics generated by the Covid-19 pandemic, encouraging clothing and fabric-makers to develop groundbreaking new technology.
Indeed, for companies such as HeiQ Materials AG – a Switzerland based textile innovation specialist – the pandemic has “opened a whole new chapter for the development of antimicrobial surfaces and textiles”, its co-founder and CEO Carlo Centonze told just-style.…
INDIAN CLOTHING EXPORT MANUFACTURERS FACE LABOUR SHORTAGES AS OVERSEAS ORDERS RESUME
Export-oriented Indian garment manufacturers emerging from lockdown are struggling to meet their new export order delivery schedule due to severe labour shortages caused by continuing migration of workers to their families’ traditional village homes. These problems have persisted, despite the government on June 1 lifting the Covid-19 related lockdown that had prevented factories operating without special permission.…
INDIAN APPAREL EXPORTERS HIT BY CHINA SUPPLY CHAIN DELAYS FOLLOWING MOUNTAIN MILITARY CLASH
Indian apparel exporters are fearing missed deadlines, with key inputs from China having either been stuck at Indian customs for the past 10 days or not been shipped at all, following military tensions between the two neighbours.
“One or our [export] shipment has to leave in 10 days but its accessories [from China] are stuck at the Mumbai port,” Rajesh Malhotra, director, IR Accessories (part of IR Apparel & Accessories), in Gurgaon, near New Delhi, told just-style.…
EU/WTO INTERNATIONAL REGULATORY ROUND UP – EU FOOD INDUSTRY CALLS FOR HOLDING EU-UK DEAL TO PRESERVE FREE TRADE IN 2021
MAJOR European food and drink industry associations have asked the European Union (EU) and Britain to consider agreeing a temporary holding Brexit deal, preserving EU/UK free trade, once the current transitional period involving the UK follows EU rules, expires on December 31.…
BRICS COUNTRIES’ CAN SECTORS LARGELY REMAIN OPEN DURING COVID-19 CRISIS AS IMPORTANT PART OF FOOD CHAIN
AS a key part of the food production supply chain, the international can manufacturing and filling industry has largely stayed open, with some exceptions, during the Covid-19 crisis, not just in developed economies, but also in key emerging markets such as the BRICS countries.…
EAST ASIAN AUTO-MAKING HUBS FEEL PAIN FROM COVID-19 PANDEMIC, DESPITE VARIED GOVERNMENT ASSISTANCE
EAST Asia’s auto-making hubs may have been making a better fist of dealing with the Covid-19 crisis than manufacturing centres in Europe and north America, but the pandemic has been harming the industry in the region.
Government responses have varied, however, with no major scrappage packages being announced.…
ASIAN PAINT AND COATINGS REGULATORY ROUNDUP - AUSTRALIA LAUNCHES NEW CHEMICAL CONTROL SYSTEM
AUSTRALIA’S existing regulatory framework for importing and manufacturing industrial chemicals, the National Industrial Chemicals Notification and Assessment Scheme (NICNAS) will be replaced by a new system called the Australian Industrial Chemicals Introduction Scheme (AICIS), starting July 1. The AICIS covers a broad range of chemicals and polymers used in adhesives, paints and solvents among many others. …
COVID-19 INVENTORY FLOOD PILES THE PRESSURE ON BRANDS AND MANUFACTURERS’ BOTTOM LINE
With spring/summer now a write-off for most retailers, creating excess inventory levels, Richard Hyman, an independent UK-based retail analyst, said that the excess stock flooding the market, and the subsequent discounting and margin erosion, will lead to widespread administrations for clothing brands in the UK, Europe and the US, to varying degrees.…
INDIA CLOTHING COMPANY WELCOMES LOCKDOWN END – BUT HIGHLIGHTS CHALLENGES OF RESTARTING PRODUCTION
AN INDIAN clothing supplier to international brands has told just-style of the challenges it faces as it starts to emerge from the near complete lockdown that prevented work being completed on summer collections. On May 4, several state governments allowed local clothing manufacturers to restart work until May 17, when fresh guidance is anticipated from the central government and states.…
RESEARCHERS EXPAND USE OF GRAPHENE IN INNOVATIVE ENERGY APPLICATIONS
USE of the so-called ‘wonder material’ graphene in the energy sector is growing fast, with its thin sheets of carbon atoms in a honeycomb shape, stronger than diamond yet flexible, offering excellent thermal and electronic conductive properties. Given it also offers an extremely high surface to material ratio, graphene energy storage and capture uses are being developed to make batteries, supercapacitors, and solar panels.…
AUSTRALIA’S WOOL INDUSTRY BATTLES THE COVID-19-STORM
AUSTRALIAN wool producers are stockpiling wool and avoiding auction sales with Covid-19 hitting their key market, China. The Australian wool industry is important. It delivered exports worth Australian dollars AUD4.15 billion (USD2.6 billion) in 2018-19, according to Australian government figures – https://www.agriculture.gov.au/abares/research-topics/agricultural-commodities/agricultural-commodities-trade-data#2019.…
NORTH AFRICA’S PAINT AND COATINGS INDUSTRIES HAVE VARIED LATENT STRENGTHS AS THEY FACE COVID-19 CRISIS
Paint and coating manufacturers and retailers in North Africa have been struggling with the outbreak of the Covid-19 virus, just as have their counterparts in other regions, however some markets and industries in the region seem better placed to cope with the pandemic’s economic impact than others.…
UNMASKING THE DARK WEB – EASY TO ACCESS; TOUGH TO NEGOTIATE RISK; AND A HONEY PIT FOR FRAUD INVESTIGATORS
WANT to check the dark web for illicit services? Search engines accessible from the public web offer links to the dark web. One example is Finland-based Ahmia (https://ahmia.fi/), which yields interesting results from searches such as https://ahmia.fi/search/?q=hacking. A more recent variant that has attracted attention from the IT security press is Kilos – http://dnmugu4755642434.onion…
GERMAN PAINT INDUSTRY HIT BY COVID-19 AFTER SUFFERING DECLINE IN SALES DURING 2019
GERMANY’S strong paint and coatings industry is facing a significant loss in sales because of the global Covid-19 pandemic – Germany expects a fall in economic output of up to 20% in 2020. Industry experts expect that the country’s coatings and paint industry will suffer accordingly.…
INDIAN FOOD INDUSTRY SHUTTERED AS COMPANIES STRUGGLE TO MAKE MOST OF CENTRAL GOVERNMENT FORMAL LOCKDOWN EXEMPTION
India’s packaged food industry has been hit hard by the 21-day national lockdown announced by the government on March 25 (last Wednesday) to control the spread of Covid-19 infections. Despite being formally exempted from the lockdown, most Indian food factories remain closed, with their supply chains having been disrupted and distribution effectively suspended nationwide.…
INDIAN GOVERNMENT CONSIDERING PAYING SUBSIDIES TO FOOD SECTOR, SAYS INDUSTRY ASSOCIATION BOSS
The Indian packaged food industry is hoping to restart a significant number of operations this week, saying state and municipal governments are increasingly willing to approve exemptions for the sector and support services from a general nationwide Covid-19 lockdown on manufacturing and trade, currently in place until May 3.…
INDIA’S DAIRY INDUSTRY REORIENTS PRODUCTION TOWARDS SOLID PRODUCTS DURING COVID-19 LOCKDOWN
India’s large-scale dairy industry is reorienting procurement and processing towards making solid dairy products, taking advantage of the supply chain and demand disruptions caused by the 21-day national lockdown from March 25 imposed by the government to control the spread of Covid-19.…
NEPAL GOVERNMENT OFFICIALS HOPE AML/CFT REFORMS OF PAST DECADE WILL PROMPT POSITIVE APG REPORT IN UPCOMIGN REVIEW
ANTI-money laundering authorities in Nepal hope an upcoming 2020-21 review by the Asia/Pacific Group on Money Laundering (APG) will conclude this Himalayan state is at least largely compliant with all FATF recommendations and special recommendations, although experts admit the review will be tough.…
CORONAVIRUS SLOWS ITALY’S IMPORTANT TEXTILE SECTOR
Italy’s textile sector is running at reduced capacity due to the tougher health protocols that have been put in place to protect workers from Covid-19 contamination, the president of Confindustria Toscana Nord, Andrea Cavicchi, told WTiN.com.
All textiles mills in manufacturing centre Prato were operational following the March 12 decree, which shuttered until March 25 much commercial activity across the country, including clothing stores, allowing manufacturing activities to continue only if companies respected stricter health protocols aimed at mitigating the spread of the infectious disease.…
TRADE DATA ANALYSIS INDICATES WIDE SCOPE FOR TRADE-BASED MONEY LAUNDERING MAY INVOLVE THE SHIFT OF BILLIONS OF DOLLARS IN VALUE
GIVEN the hundreds of billions of dollars spent by banks on fighting money laundering, fears that trade-based money laundering (TBML) remains widespread, as stressed by FATF, the APG (http://www.fatf-gafi.org/publications/methodsandtrends/documents/trade-basedmoneylaunderingtypologies.html), and most recently, the European Commission (https://ec.europa.eu/info/sites/info/files/supranational_risk_assessment_of_the_money_laundering_and_terrorist_financing_risks_affecting_the_union_-_annex.pdf), are of serous concern. The World Trade Organisation (WTO) said that in 2018, global merchandise exports were worth USD19.48 trillion, so there is plenty of place for laundered money to hide.…
TOP 10 MONEY LAUNDERING CASES
- 1MDB SCANDAL IN MALAYSIA SEES USD BILLIONS STOLEN AND HIDDEN
Malaysia 1MDB scandal is one of the largest money laundering cases ever, worldwide, with Malaysian courts considering charges over how at least USD4.5 billion was stolen and then spent or laundered from Malaysian sovereign wealth fund 1Malaysia Development Berhad by former Prime Minister Najib Razak and his associates.…
NEPAL GOVERNMENT OFFICIALS HOPE AML/CFT REFORMS OF PAST DECADE WILL PROMPT POSITIVE APG REPORT IN UPCOMIGN REVIEW
ANTI-money laundering authorities in Nepal hope an upcoming 2020-21 review by the Asia/Pacific Group on Money Laundering (APG) will conclude this Himalayan state is at least largely compliant with all FATF recommendations and special recommendations, although experts admit the review will be tough.…
INDIAN COVID-19 LOCKDOWN HURTS MANUFACTURERS – BUT INTERNATIONAL BUYERS HAVE ALREADY DUMPED ORDERS, SAY FACTORY OWNERS
THE LOCKDOWN of three weeks ordered by the Indian government from Wednesday (March 25) to contain the spread of the coronavirus that causes Covid-19 has had a limited impact on apparel exporting units, say many Indian manufacturers, who have said production was already largely halted by a wave of cancellations in orders.…
COVID-19 AND AIR POLLUTION EXPANDS DEMAND FOR NONWOVEN AIR FILTERS IN INDIA – BUT MANUFACTURING INDUSTRY HAS NOT INVESTED ENOUGH IN CAPACITY TO TAKE ADVANTAGE
India’s nonwoven technical textile industry has been at the centre of two successive public heath emergencies – first ramping up production of air purifier filters to combat dangerous levels of winter air pollution and now increasing the output of materials needed to make face masks to fight the Coronavirus outbreak.…
CECPA AGREEMENT COULD OPEN INDIAN TEXTILE AND CLOTHING MARKET TO MAURITIAN MANUFACTURERS
THE CLOTHING and textile industry and government officials within the Indian Ocean archipelago nation of Mauritius, say they are hopeful that a trade deal will be struck with India this year and that it will help build sales and capacity in this important African outsourcing hub.…
ROMANIA’S CLOTHING MANUFACTURING SECTOR FACES TOUGH RECRUITING CHALLENGES TO FORGE A SUSTAINABLE FUTURE
ROMANIA’S clothing and textile industry is facing a recruitment crunch and experts worry that it will struggle to find a strategy to ensure it can hire sustainably to ensure long-term growth. A survey from PwC’s HR benchmarking project Saratoga released last October (2019) concluded that Romania faces an “acute shortage of workforce”, needing about one million extra workers to sustain a 3.5% economic growth by 2023.…
BIG DATA ANALYSIS OF LINKED DATABASES BECOMING MORE FEASIBLE AS SERVICE PROVIDERS FOCUS ON AUTHENTICATION, STANDARDISATION AND AI
NEW fraud detection solutions based on a “centralised management platform across all lines of business” are being made more feasible by new financial industry customer authentication standards, research indicates. These allow a consortia of organisations’ data (or data from previously siloed wings of one major institution) to be pooled, allowing bulk analysis of big data, helping update algorithms, encouraging anti-fraud system vendors to offer cross-functional services as clients seek to consolidate contracts and end silo-based approaches to counter-fraud activities, industry insiders predict.…
FOOD FRAUD IS BIG CRIMINAL BUSINESS THAT CAN PUT BUSINESSES AND CONSUMERS AT RISK
AS online food sales boom to aid self-isolation during the Covid-19 outbreak, the risks of counterfeiting and piracy within the food and drink sectors will become more evident. This comes as regulators are mulling tougher action to fight this commercial crime.…
CONFECTIONERS INNOVATE TO INCREASE SHARE OF NATURAL INGREDIENTS IN PRODUCTS AS CONSUMER TASTES FAVOUR SUSTAINABILITY
THE TREND towards consumers buying confectionery made with natural ingredients is gathering pace, with research from Germany-based international food ingredients-maker Döhler saying that worldwide more than 50% of confectionery consumers now want a “healthier” product and more than 60% “value natural ingredients”.…
CAN MANUFACTURERS WORK AT FULL SPEED DURING THE PANDEMIC, BUT RECYCLING AND DELIVERY ARE AT RISK
European aluminium cansheet and foilsheet rolling factories say they are trying hard to adapt to production under strict Covid-19 controls imposed by their national governments to satisfy the growing need for foodstuffs across Europe that are safe and have a long shelf life.…
ASIAN PAINT AND COATING REGULATORY ROUNDUP - INDONESIAN INITIATIVE FOCUSES ON REMOVING LEAD FROM PAINTS
Indonesia’s industry ministry launched an initiative in February (2020) aimed at eliminating lead used in paint made and sold in the country. It involves the Indonesian paint industry, is part of the United Nations Environment Programme’s (UNEP) Strategic Approach to International Chemicals Management (SAICM) project and is funded by the Global Environment Facility (GEF), an international investment body.…
NEW DELHI AIRPORT EXPANDS TO ACCOMMODATE TRAFFIC TO AND FROM ITS GROWING INTERNATIONAL METROPOLIS
THE AIRPORT serving India’s capital, New Delhi’s Indira Gandhi International Airport (IGI), has been under pressure from a boom in passenger traffic, and so is being expanded and revamped in a project that will cost USD1.3 billion, according to Indian aviation industry sources.…
HIGH TECH COATINGS DELIVER BETTER FUNCTIONALITY AND ENVIRONMENTAL PERFORMANCE TO AIRLINERS
THE USE of paint and coatings by airlines is far more than the choice of an elegant trip for tail fins and fuselages. High tech coatings help aircraft operate efficiently and play an increasingly important role in helping planes fly smoothly, reducing drag and hence carbon emissions.…
PAKISTAN TEXTILE SECTOR WANTS GOVERNMENT SUPPORT FOR INNOVATIONS AND TECHNOLOGY UPGRADE
PAKISTAN’S textile sector is in dire need of additional investment for modernisation and innovation in order to keep pace with its main regional competitors, industry insiders have warned.
They claim investment has been slashed in the past five years and the industry has been hit with high import tariffs on raw materials meaning programmes to upgrade machinery and other innovation projects have only continued at a sluggish rate.…
FIBRE GLASS USES AND RECYCLING BECOME MORE SOPHISTICATED AS MANUFACTURERS’ APPRECIATION OF THIS MATERIAL VALUE GROWS
Global production of fibreglass is predicted to soar over the coming decade, as appreciation grows of its utility and cost effectiveness in expanding materials manufacturing sectors.
Driven by a push to increase reliance on renewable energy sources to help tackle the climate crisis, manufacturers of wind turbines are increasingly reliant on glass – and carbon – fibres to produce rotor blades, for instance.…
TURKISH TEXTILE COMPANY ENTERS INNOVATIVE RECYCLED POLYESTER FEEDSTOCK JOINT VENTURE WITH INDIAN RECYCLING MAJOR
A joint venture between Turkey’s Kıvanç Tekstil and India’s Reliance Industries involves the Turkish textile manufacturer producing textiles from supplies of 2,500 tonnes of recycled polyester feedstock received every year. Through an agreement inked in July 2019, Kıvanç Tekstil can manufacture and market Reliance’s R|ElanTM GreenGold fabrics under licence.…
BIRLA SPRING SUMMER 2021 COLLECTION FOR PREMIER VISION, PARIS
Global viscose giant, Aditya Birla Group, that opened its Spring Summer 2021 collection at the Première Vision show in Paris from February 11 to 13, is experimenting with apparel rather than fashion stories this year to showcase the versatility, sustainability and longevity of its fibres.…
KENYA STARTS GM COTTON PRODUCTION THIS YEAR IN BID TO KICKSTART ITS UNDERPERFORMING TEXTILE MANUFACTURING SECTOR
Kenya will start to grow genetically modified cotton this year, becoming the first country to do so in Eastern Africa. The move is significant as it is likely to inspire other counties in the region start to grow Bt cotton hybrids that are resistant to African bollworm and other pests.…

INDIA: BANKNOTES FOR VOTES CORRUPTS BUSINESS ENVIRONMENT
AS the afternoon heat ebbs in the middle of this Indian summer, a police team block a major highway outside the city of Nashik, in the western state of Maharashtra, rolling in wheeled yellow-coloured barricades. Soon a traffic jam builds up and policemen move from one car to another in search for cash, often hidden in door cavities or spare wheels.With…
CARBON CAPTURE UTILISATION AND STORAGE PROJECTS GROW AS INDUSTRY INCREASINGLY VALUES THEIR CONTRIBUTION TO PARIS AGREEMENT GOALS
There is broad consensus among energy and environmental experts that carbon capture and storage (CCS) systems built at commercial scale must play a key role if governments are to achieve their 2015 COP21 (Paris Agreement) ambitions for limiting carbon emissions. “All credible scenario modelling shows that CCS will be essential to meeting the targets set by the Paris Agreement”, commented a report co-ordinated by the International Association of Oil & Gas Producers (IOGP) for a European Gas Regulatory Forum meeting, staged last June (2019).…
PORTUGAL’S INNOVATIVE TEXTILE SECTOR IS ENTHUSIATIC ADOPTER OF DIGITAL TEXTILE PRINTING AS IT SEEKS TO ADD VALUE TO BOOST EXPORT COMPETITIVENESS
PORTUGAL’S digital textile printing sector generates sales of USD164 million annually (as of 2019), according to analysists BlueWeave Consulting & Research Pvt Ltd, which predicts it is poised to grow, benefiting from its close proximity to European customers, at a time when Europe’s market for digitally printed textiles is booming, with the technology in increasing high regard.…
GERMANY’S PERSONAL CARE PRODUCT SECTOR’S INCREASING WELLNESS ORIENTATION IS UNDERPINNING FUTURE GROWTH
THE GERMAN personal care products market turned out to be an “element of stability” in an otherwise sluggish economy in 2019, according to the country’s cosmetics industry association Industrieverband Köperpflege- und Waschmittel (IKW). German consumers spent EUR14.04 billion (USD15.55 billion) on personal care products, including shampoo and decorative cosmetics in the past year, 1.8% more than in 2018.…
ASIAN COATINGS REGULATORY ROUND UP – AUSTRALIS DEVELOPS CHEMICAL ENVIRONMENTAL RISK STANDARD
CONSULTATIONS are being assessed in Australia to develop a National Standard for Environmental Risk Management of Industrial Chemicals, which will include coatings and their chemical ingredients, Australia’s department of agriculture, water and the environment has said in a note. The national standard, for which consultations were to end in February, is being designed to ensure that potentially harmful high-risk chemicals are subject to appropriate and consistent environmental controls across the nation.…
CAMBODIAN TEXTILE SOFTWARE INNOVATION COULD CUT FABRIC DEFECTS IN HALF SAY PROMOTERS
IN a bid to modernise Cambodia’s textile and garment sectors through digitalisation, the industry is introducing innovative new software next month (February) that will help improve efficiency by improving fabric handling and cutting down repeat clothing defects by almost half – in addition to making overall gains on factory productivity.…
BRITISH AUTO INDUSTRY ASSOCIATION TELLS GOVERNMENT ROBUST POST-BREXIT TRADE DEAL WITH EU IS ESSENTIAL TO PROTECT UK MANUFACTURERS FROM HARM
WITH Britain’s formal exit from the European Union (EU) happening tomorrow (January 31), the UK’s main automotive industry association has called on the government to make sure that it strikes an effective trade deal with the EU by the end of a transitional period that ends on December 31 (2020).…
REGULATION DRIVES CHANGE AS US PAINT AND COATINGS INDUSTRY URGES INFRASTRUCTURE INVESTMENT
Sustainability issues are currently dominating the US paint and coatings industry with challenges and opportunities arising from stringent regulations and growing green markets, generating demand for environment-friendly business practices and sustainable consumer lifestyles. This change comes as the industry hopes for a fillip from the new United States-Mexico-Canada Agreement (USMCA), reforming North American trading arrangements, which has been hailed by the American Coatings Association (ACA) as “a win for America’s paint industry”.…
SAUDI PAINT SECTOR AWAITS POTENTIAL FUTURE GROWTH FROM GOVERNMENT-BACKED DEVELOPMENT MEGA-PROJECTS
THE SAUDI Arabian paint industry’s output grew comparatively slowly in 2019 according to some market data but is expected to experience more robust growth over the next few years as the government invests heavily in new development projects and infrastructure. India-based market researcher Mordor Intelligence said that the Saudi Arabia paints and coatings market generated USD1.164 billion in sales last year (2019), up from USD 1.142 billion in 2018 and USD1.120 in 2017.…
CONDUCTIVE ADHESIVES BEING WORLDWIDE DEVELOPED TO DELIVER AN EXPANDING ARRAY OF HIGH-TECH FUNCTIONS
From smartphones to space satellites, applications for conductive adhesives (transferring heat, electricity or both) are expanding rapidly and their innovative use and market size show little size of abating as new avenues reveal themselves through growth in sales and R&D programmes.…
INDIA CLOTHING AND TEXTILE SECTOR WELCOMES SUPPORT FOR INDUSTRY IN NEW CENTRAL GOVERNMENT BUDGET
Indian clothing and textile manufacturers have welcomed a series of policy changes announced in the central government’s national budget that was released on Saturday (February 1). Reforms highlighted by industry representatives include abolition of anti-dumping duty on key polyester raw material PTA (purified terephthalic acid), cheaper loans to small manufacturing units and exporters, a USD200 million investment into developing India’s technical textile industry and a review of principles underpinning future negotiations on free trade agreements (FTA), responding mainly to concerns about cheap imports from Bangladesh.…
AIRBUS HIT WITH EUR3.6 BILLION IN COMBINED UK, US AND FRENCH FINES
Airbus is to pay out EUR3.6 billion (USD4 billion) under a trio of deferred prosecution agreements (DPAs) with British, French and United States authorities that were simultaneously agreed by national courts January 31 as part of a global resolution over bribes to clinch civil and military aircraft sales.…
MIDDLE EAST DAIRY MARKET GROWS AND BECOMES MORE SOPHISTICATED AND PRODUCERS MUST RESPOND, CONFERENCE TOLD
WITH Middle East dairy sales expanding steadily, dairy suppliers from around the world are targeting its consumers, hoping to gain a foothold in an increasingly diverse marketplace that is often open to innovation.
Dairy Industries International attended the 4th Global Dairy Innovation Congress MENA 2020, held in Dubai, the United Arab Emirates (UAE), from January 20-21, where participants were encouraged by sales projections as from market researcher Euromonitor International that the Middle East (and Africa) dairy market should expand at a compound annual growth rate (CAGR) of more than 3% between 2019 and 2023.…
ITALY BEAUTY CONSUMERS START TO SPEND MORE AS COUNTRY’S ECONOMIC GROWTH INCHES FORWARD
ITALY’S cosmetic and personal care product market remained strong through 2019, with major players in the industry focused on strengthening digital retail and production strategies to further connect with consumers, while deepening their presence in foreign markets, particularly in Asia.
The year 2019 was also dynamic in terms of acquisitions, with a handful of Italian BPC (beauty and personal care) companies buying businesses that specialise in new and different products to extend their reach in new product categories, both domestically and abroad.…
INDIAN CLOTHING EXPORTERS CLAIM GOVERNMENT’S FAILURE TO DELIVER PROMISED TAX BREAKS ARE HITTING OVERSEAS SALES
Indian apparel exporters fear losing business, maybe forcing some to close units, over the Failure of the government to pay promised tax benefits since March (2019), which according to the Apparel Export Promotion Council of India (AEPC), now amount to more than USD 710 million.…
POLICIES OF THE NEW EUROPEAN GREEN DEAL WILL FAVOUR FINANCIAL BACKING TO BOOST RENEWABLE ENERGY GROWTH
GLOBAL and regional public policies promoting environmental good practice and fighting climate change have long encouraged the growth of renewable energy production. And with concern about global warming sharpening, these goals – pushed by international and regional organisations and development banks – are here to stay.…
INDIAN BUSINESS FACING SPIKE IN FRAUD AND DISHONESTY, NATIONAL SURVEY WARNS
Corruption, bribery and fraud are now perceived as the biggest risk to commercial health by Indian businesses, domestically and foreign-owned says the India Risk Survey 2019. This is a major change compared to 2018, when the survey put these risks at the eighth most serious concern, behind cyber-insecurity, natural hazards, fire, terrorism, governance instability, labour unrests and general crime.…
MAJOR INTERNATIONAL BRANDS USING E COMMERCE LINKS TO MAINTAIN POSITION IN CHINA'S GROWING BEAUTY MARKET
A queue formed at the L’Oréal stand at November’s China International Import Expo fair, in Shanghai: the French firm had set up photo opportunities to appeal the ‘Da ka’ set – Chinese slang referring to generation of selfie-taking youths who seemingly live to photograph themselves at important landmarks.…
USA POLYSTER TEXTURED YARN IMPORTERS AWAIT LIKELY DECEMBER APPROVAL OF HEAVY PROTECTIVE DUTIES ON INDIAN AND CHINESE SUPPLIES
USA polyester textured yarn importers sourcing from China and India are being forced to pay deposits on their cargoes covering anticipated heavy anti-dumping and countervailing duties which could be imposed in the New Year. These traders and their manufacturing partners are awaiting a decision from the US International Trade Commission (ITC) in late December over claims from the US department of commerce (DoC) that Indian and Chinese yarn makers are both being unfairly subsidised by their government and dumping cheap excess production on American markets.…
BHUTAN SEES POTENTIAL IN NATURAL YAK WOOL AND RELATED PRODUCTS AS POTENTIAL IMPORTANT EXPORT EARNER
GOVERNMENT agencies in the Himalayan Kingdom of Bhutan are taking steps to develop products and fabrics made from yak hair, eyeing potentially lucrative sales of a rare fabric, whose profile could be boosted by the country’s growing tourism industry.
The Bhutanese government is proactively developing handcraft traditions of spinning hair from yaks, of which more than 30,000 are herded in Bhutan’s generally mountainous terrain.…
NONWOVENS PRODUCTION PICKING UP VOLUME, QUALITY AND DIVERSITY IN BOOMING ASIA PACIFIC REGION
Data by the Asia Nonwoven Fabrics Association (ANFA) shows that nonwovens production in Asia increased by a robust 6.5% year-on-year in 2018, to 5.6 million tonnes. China-based manufacturers were responsible for the bulk of this output, producing 4 million tonnes. However, but India-based production increased at faster pace, at 15.9% up, year-on-year.…
INDIAN STEEL MANUFACTURERS PREDICT REDUCTION IN SUBSIDIES FOLLOWING WTO RULING
Indian steel manufacturers think that the Indian government will trim its support for their exports following the release of an adverse World Trade Organisation verdict in a subsidy dispute brought by the United States.
“The [Indian] ministry of commerce was already looking at revamping trade and tax policies, which includes scrapping certain export incentive schemes that have been now been termed as subsidies” by the United States, Arnab Kumar Hazra, assistant secretary general of Indian Steel Association told Metal Bulletin, “It might expedite the process after [the new] WTO announcement.”…
VIETNAM MISSES KEY TARGETS OF OUTGOING NATIONAL TEXTILE-GARMENT PLAN
Eleven years after Vietnam’s Ministry of Industry and Trade approved its textile and garment industry development strategy for 2010-2020, the availability of domestically-made textile inputs remains a major problem, hindering clothing manufacturers in the country.
Jacky Roy, CEO of Signature Kollections Group- Vietnam, a knit and woven apparel manufacturer based in the UK and India, told just-style that the “price of local cotton or polyester fabric compared to imported fabric is 40 percent higher, making it too costly to fully replace imports.”…
INTERNATIONAL REGULATORY ROUNDUP - NEW EUROPEAN COMMISSION WILL IMPOSE GREEN COMMITMENTS ON KNITWEAR SECTOR
THE EUROPEAN Union (EU) knitwear sector will be pushed to improve its sustainability within 100 days of a new European Commission taking office, expected to happen on December 1. That is the deadline that a new Commission executive vice-president Frans Timmermans must meet to propose a ‘green deal’ package of reforms, that will include new commitments for EU industries to reduce waste and pollution.…
COMPANIES TURN SUSTAINABILITY INTO PROFITS, ESQUEL INTEGRAL CONVERSATION HEARS
In every industry, including the clothing and textile sector, sustainability often means huge amount of long-term investment – be it new sewage processing systems or recycling technology. But how to get rewards from these investments? At the Integral Conversation conference held by Hong Kong-based shirt manufacturer, Esquel, in Guilin, Guangxi Zhuang autonomous region, on November 8, companies in the fashion industry were exploring solutions.…
HALDIRAM’S USE AMAZON TO TARGET NEW AMERICAN CONSUMERS
Haldiram’s, Indian snacks, confectionery and food service major, is to use Amazon’s e-retail platform to market its products online in the United States.
“This will facilitate and enhance the experience of our customers in United States,” Gaurav Mahajan, head of marketing for Haldiram Snacks Pvt Ltd in New Delhi, told just-food, “it is a huge market and we expect to increase our sales by four to five percent” there.…
CADBURY IS STILL KING OF INDIA’S GROWING CHOCOLATE MARKET
INDIA maybe a populous and diverse country with its 1.36 million potential consumers who speak 22 languages, but one company maintains a strong, even dominant, position in India’s fast-growing chocolate market which saw sales of USD1.8 billion in 2018, according to GlobalData – Mondelēz International Inc’s Cadbury brand.…
ALSTOM FINED GBP15 MILLION FOR TUNISIAN TRAM CONTRACT BRIBES
The British subsidiary of French engineering giant Alstom has been fined GBP15 million (USD19.37 million) plus GBP1.4 million (USD1.8 million) costs over bribes it paid to win a key contract to build trams to serve the Tunisian capital Tunis. The fine comes more than a year after Alstom Network UK’s April 2018 conviction for bribery and corruption, in a case brought by the UK Serious Fraud Office (SFO). …
ITALIAN CHEESE CAUGHT IN AIRBUS-BOEING DISPUTE CROSSFIRE
RETALIATORY duties imposed by the USA in a trade dispute with the European Union (EU) over aeroplane subsidies will, argues Italian farmers union, Coldiretti, shrink Italian food exports to the US by 20%, with the Italian speciality cheese sector being the hardest hit.…
POWER PURCHASE AGREEMENTS INCREASE GREEN ENERGY CONSUMPTION AND INVESTMENT WORLDWIDE
As national, regional and international legislation nudges the world away from its reliance on fossil fuels, corporations are increasingly sourcing renewable energy through the mechanism of green power purchase agreements (PPAs), whereby companies (and also utilities) act as an off-taker, making commitments for future renewable energy payments.…
NATURAL AFRICAN LOOKS INCREASE IN PREDOMINANCE AS SUB-SAHARAN BEAUTY MARKETS BECOME MORE SOPHISTICATED
Beauty markets in sub-Saharan Africa are becoming more sophisticated, and with this comes an increasing desire by consumers to use cosmetics that better match their own skin and hair characteristics, rather than utilising products that of more universal appeal.
Nigeria’s personal care product industry continues to grow, and given its population is the largest in Africa – now estimated by the United Nations at 200 million – this market inevitably has the most potential in the continent.…
GERMANY TO PROD AUTOMAKERS INTO INVESTING IN BANGLADESH
THE GERMAN government has signalled that it could encourage its luxury carmakers to establish plants in Bangladesh, especially if the south Asian country invests in its energy, power and transport infrastructure.
“We agreed it would be great if a German carmaker would invest in Bangladesh,” Peter Fahrenholtz, German ambassador to Bangladesh tweeted, after a meeting with Bangladeshi finance minister AHM Mustafa Kamal in the capital Dhaka on September 9 (2019).…
INDIAN APPAREL EXPORTS RISE – BUT EXPECTED TO FALL BACK IN AUGUST SAYS MANUFACTURERS ASSOCIAITON
SALES of Indian apparel exports continue to be sluggish even after registering a 11% growth in July compared to June this year, after three months of continuous decline. According to a monthly newsletter issued by the Clothing Manufacturers Association of India on October 5, India exported USD1.36 billion’s worth of apparel in July, which was also 7% more than July 2018.…
RUSSIAN DAIRY INDUSTRY FOCUSES ON QUALITY IMPROVEMENTS WHILE PROTECTION STILL LASTS
RUSSIA’S dairy industry has been trying to develop its size and sales while its government’s restrictions on European Union (EU) dairy imports remain, but there are questions about how well producers would cope with imports once these sanctions are, eventually, lifted.…
OUTSOURCING CENTRES IN ASIA UNDERSTAND BENEFIT OF DIGITAL WEAVING TECHNOLOGY – BUT INVESTMENT CAN BE EXPENSIVE
OUTSOURCING centres in Asia for the international textile sector are increasingly adopting digital technologies to improve the efficiency of their weaving, as they compete for business from clothing manufacturers and brands.
Bangladesh weavers are becoming increasingly tech-savvy to improve efficiency while driving down costs.…
PHILIPPINES AND THAILAND CONTINUE TRADE LAW BATTLE OVER ACCESS TO THAI TOBACCO MARKET
THE PHILIPPINES and Thailand cigarette industries are still fighting a long trade dispute that has seen litigation rumble through the World Trade Organisation (WTO) since 2008. That year, the Philippines government lodged a series of complaints with the WTO’s disputes settlement body (DSB) that the Thai Customs Department had imposed unjust restrictions on imports of cigarettes from the Philippines.…
USA LEADS CUTTING EDGE MILITARY FABRIC RESEARCH THAT TRIES TO ANTICIPATE FUTURE THREATS
MILITARIES try to outsmart the enemy, and researchers tasked with producing textiles to aid effective missions are often told to create materials that could defeat imagined as-yet unconfirmed threats.
“Intelligence shares what threats might look like and we look to address them before anything happens,” said Richard M Arndt, public affairs officer with the US Army Combat Capabilities Development Command (CCDC) Chemical Biological Center, based in Maryland.…
AI AND MACHINE LEARNING HELP KNITWEAR MANUFACTURERS AND BRANDS GET AHEAD OF MARKET TRENDS
Predicting fashion trends in advance to match supply chain requirements has long been a challenge for the knitwear industry and it is now developing Artificial Intelligence (AI) and machine technology that learns from social media images to get ahead of the market.…
JORDANIANS MULL HOW TO INCREASE LOCAL DESIGN CONTENT IN CLOTHING MANUFACTURING SECTOR
Jordanian garment manufacturers and supporting institutions like the International Labour Organization’s Better Work Jordan, plan to introduce garment design training to add value to a sector that is primarily ‘cut and sew’.
Jordan exported USD1.8 billion’s worth of garments last year, just over half to the USA, at USD1.02 billion, but designs are primarily provided by buyers and retailers, with minimal design in-country.…
INDIAN CLOTHING COMPANIES FACE UP TO NEW MANDATORY RULES ON CSR
India’s new mandatory requirements for corporate social responsibility (CSR) programmes is forcing country’s garment exporters to refocus on their community development schemes and make special provisions to record all the spending.
A Companies (Amendment) Act 2019, adopted by the Indian parliament in July, mandates three-year imprisonment for the officers of the company found to be defaulting on CSR regulations.…
TURKISH PLASTICS MARKET FACES TOUGH TIMES, BUT HAS STRONG FUNDAMENTALS FOR SUSTAINABLE PROSPERITY
THE TURKISH plastics manufacturing sector has grown exponentially over the past decade, but growth has spluttered over the past year due to the country’s economic downturn and currency depreciation raising the cost of raw materials. Investment has also slowed, but manufacturers are optimistic the sector will rebound, with exports remaining strong.…
BRANDS NEED TO BUILD INSIGHT INTO SOUTH ASIA’S EMERGING BEAUTY PRODUCT MARKETS TO SCORE SUSTAINED INCREASED SALES
COSMETICS companies serving the south Asia market may grumble that they are facing challenges, but the reality is the region’s emerging markets offer growth rates that can only be dreamt of in richer countries.
India’s beauty and personal care product market is a case in point.…
VIETNAM’S DIGITAL TEXTILE PRINTING INDUSTRY ADVANCING INTO NEW ERA
VIETNAM has been a major textile production hub for years and, as the country’s government pushes sectors to embrace technology associated with the Industry 4.0 movement, some companies are adapting advanced methods such as digital textile printing.
According to statistics from India-based Mordor Intelligence, Vietnam is the third-largest garment exporter in the world, with the United States, the European Union, Japan and South Korea serving as major destination markets. …
CHINA’S FINANCE MINISTRY PLOTS LAW PUNISHING LAW BREAKING ACCOUNTANTS
CHINA’S ministry of finance drafted regulations punishing accountants violating national accounting laws. Proposals under public consultation would include blacklisting accountants found guilty of fabricating, hiding or destroying financial reports, books and documents, or telling other accountants to undertake such malpractice. Accountants involved in embezzlement would suffer the same fate.…
ASIAN REGULATORY ROUND UP – CHINA IMPOSES RETALIATORY TARIFFS ON US PAINT EXPORTS
THE CHINESE government has from September 1 imposed 5% additional retaliatory duties on US exports of paint to China, in the latest round of the trade war between the two countries. The new tariffs cover products such as polyester, acrylic, ethylene and polyeurathane powdered paints; acrylic, polymer and vinyl liquid paints; and more – see http://gss.mof.gov.cn/zhengwuxinxi/zhengcefabu/201908/P020190823604938915640.pdf…
PAKISTAN SEEKS ALTERNATIVES TO INDIAN COTTON IMPORTS OVER KASHMIR CRISIS
PAKISTAN textile mill owners have decided to import cotton from alternative destinations to India following the government’s announcement of the suspension of trade ties with their neighbour because of the dispute over Kashmir.
On August 5, the Indian government said it was revoking the special status of Jammu & Kashmir state, turning it into a union territory, under control of the central government – Pakistan claims sovereignty over Kashmir and it has been a bone of contention between India, Pakistan and China since 1947.…
INDIA POSTPONES TRAFFIC LIGHT FOOD SAFETY REGULATIONS FOR CONSULTATION
India’s draft regulations for traffic light labelling on packaged food items have been postponed for further consultations, a Food Safety and Standards Authority of India (FSSAI) spokesperson has confirmed to just-food. The move, she said, recognised that there was too much opposition across the Indian food sector to introduce the planned labelling reform as it stands: “It is a very big move and if the entire industry is against it how can you do that?”…
ADITYA BIRLA AUTUMN-WINTER COLLECTION WEDS TRADITIONAL COMFORT WITH INNOVATIVE MODERN FLAIR
Aditya Birla group’s Autumn-Winter 20-21 collection to be showcased at Première Vision, Paris, on September 17-19, 2019, has been designed to stress how the Indian major’s output makes a positive contribution promoting sustainability at a global level. This collection is dominated by garments fashioned from its Livaeco cellulose fibre, with which Birla targets international players in the “consciously fashionable” space, Nelson Jaffery, assistant vice president, design and development, Aditya Birla Group, told Twist International.…
GLOBAL DECOMMISSIONING INDUSTRY GROWS AS OI AND GAS OFFSHORE STRUCTURES REACH END OF OPERATIONS
A WAVE of oil and gas structure decommissioning in the North Sea, a steady continuing flow in the USA’s Gulf of Mexico fields, and a similar longer-term challenge in south-east Asia are concentrating minds on the infrastructure needed to dismantle such equipment safely.…
SUPPLY CHAIN DISRUPTORS OFFER BRANDS DECISION-MAKING POWER – FOR PURCHASES AND SALES
The news that major American retailer Barneys New York has entered Chapter 11 bankruptcy and plans to close all but two stores is yet another warning sign for the industry that brands should not rely upon department stores to sell their product.…
CONTINUOUS DYEING MACHINES OFFER CUTTING EDGE EFFICIENCY GAINS – BUT OUTSOURCE CENTRE FINISHERS MAY NEED SUBSIDIES TO AFFORD THEM
CONTINUOUS dyeing technology is being refined and improved and offering finishers worldwide the chance to improve their output efficiency, while reducing chemical, water and energy usage. However, emerging markets finishers can struggle to find the investment costs required to install this top-line cutting edge dyeing machinery.…
ENVIRONMENTAL CONCERNS FORCE INDIAN COSMETICS PRODUCERS TO MAKE PRODUCTS MORE NATURAL, CONFERENCEES SAY
THE INDIAN cosmetics market is becoming increasingly focused on environmental issues and personal care product companies are being forced to adapt accordingly. “‘Water conservation’, ‘anti-pollution’, ‘plastic ban’ and ‘paraben free’ are the claims that more and more consumers like and brands are getting very savvy of,” Koyel Mukherjea, new business development specialist for the beauty and personal care sector, at market intelligence company, told Soap Perfumery and Cosmetics (SPC).…
INTERNATIONAL REGULATORY ROUND UP – EU-MERCOSUR TRADE DEAL OFFERS EU CONFECTIONERS EXTRA SALES, BUT SUGAR PRODUCERS ARE WORRIED
A EUROPEAN Union (EU) trade deal struck with South America’s Mercosur group of Brazil, Argentina, Uruguay and Paraguay, will open this emerging market to EU confectionery exporters, but Europe’s sugar sector fears increased Brazilian sugar exports. The agreement, which now needs to be ratified by both sides, will phase out Mercosur duties on EU exports of chocolate and sugar confectionery of 20%; biscuits (taxed at 20% to 35%); liquorice extract – 8%; and confectionery-making equipment – 14%.…
PHILIPPINES CLOTHING INDUSTRY EXPORTS SAY MORE COMPETITIVENESS NEEDED TO PROFIT FROM US-CHINA TRADE WAR
Clothing industry sources in the Philippines say that the USA-China trade war has helped boost orders for all garment-exporting countries in southeast Asia but their country, despite the Philippines government’s plan to boost local manufacturing capacity. The much-trumpeted Manufacturing Resurgence Programme of President Rodrigo Duterte had originally stated that a national ‘Roadmap for the Garments and Textile Industry’ should be drafted by the end of last year (2018).…
BANGLADESH CLOTHING ASSOCIATION’S FIRST WOMAN BOSS HAS BIG AGENDA, STARTING WITH TAKING OVER WORK FROM THE ACCORD
Months after taking the reins as president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Dr Rubana Huq is determined to fulfill her key goal of ensuring the industry effectively monitors its own environmental and health standards.
It is an important job given how the country’s clothing and textile sector has worked to improve a safety reputation battered by the 2013 Rana Plaza disaster.…
AMERICA SHOOTS ITSELF IN THE FOOT IN TRADE WAR, FROM WHICH MAJOR CHINESE CLOTHING MANUFACTURERS WILL BENEFIT
THE INTENSIFYING trade war between the USA and China has proved to be an opportunity for some larger Chinese clothing manufacturing firms, some of which had already built capacity overseas, notably in southeast Asia, and Vietnam especially. These companies have been able to adjust to the worsening tariff barriers to the US market for China-sourced exports, whereas smaller companies unable to afford new SE Asia operations have suffered.…
INDIAN KNITWEAR EXPORTERS LOOK TO EXPLOIT OPPORTUNITIES CREATED BY US-CHINA TRADE WAR
INDIAN knitwear exporters are hoping for a windfall of orders from the US following a spurt in client enquiries, which industry leaders believe are linked to the US-China trade dispute and the latest tariff hike on Chinese clothing and textile exports to America.…
PUBLIC, PRIVATE COLLEGES TRANSFORM TO UNIVERSITIES IN BOTSWANA
AS government authorities in Botswana envisage seeing their country becoming an education hub for southern Africa, colleges within the country are steadily transforming themselves into universities.
Over the past 19 years, four colleges have evolved into fully-fledged universities – two private; two public.…
INNOVATIVE TECHNOLOGY AND MATERIALS HELP OIL AND GAS SECTOR CLEAN UP - AND SMARTEN UP - PROTECTIVE CLOTHING
As an industry much maligned for its heavy carbon footprint, the oil and gas sector is increasing its use of sustainable materials and manufacturing methods making textiles used for its protective clothing. This segment has also been focusing on improving the comfort and aesthetics of this apparel.…
NONWOVENS SECTOR IN MIDDLE EAST AND NORTH AFRICA STRUGGLES WITH OVERCAPACITY
THE NONWOVENS industry in the Middle East and North Africa (MENA) is still struggling with over-capacity, while declining purchasing power has hit the mid- and higher-tier segments, prompting global players to reconsider product offerings.
MENA economies have been impacted by low oil prices and regional instability, with growth forecast at 1.5% this year, down from 1.7% in 2018, according to investment bank JP Morgan.…
AUSTRALIAN WOOL PRICES FALL, BUT INVESTMENT IN ADDITIONAL LOCAL PROCESSING UNLIKELY, SAYS INDUSTRY BOSS
THE TRADE war between the USA and China that has seen both sides impose a wide range of duties on each other’s exports has depressed Australian wool prices though a reduction in demand from key Chinese buyers.
Australian Council of Wool Exporters and Processors executive director Peter Morgan told just-style that the Washington-Beijing stand-off has come during other events depressing wool sales: “Events such as the US, China trade wars, US, India trade disputes, the US, Iran political tensions and the negative rhetoric during the recent G20 meeting” have been disruptive and this obviously “effect global economic confidence,” he said.…
AB INBEV BLOCKED FROM DELHI MARKET
AB InBev has been banned from selling beer in India’s capital New Delhi for three years as a penalty for alleged tax evasion. The brands affected by the order include Budweiser, Corona, Hoegaarden and Stella Artois, which cannot be sold from earlier this week.…
EUROPEAN COSMETICS INDUSTRY UP IN ARMS OVER MICROPLASTICS LAW
THE EUROPEAN cosmetics sector will continue to maintain that the European Chemicals Agency (ECHA)’s microplastics restriction proposal is disproportionate, industry experts told European personal care association Cosmetics Europe’s annual conference 2019.
At the June 12-13 meeting in Brussels, they claimed ECHA’s January 2019 proposal should be proportionate, coherent, effective and enforceable – but, at present, looking at the existing proposal, this is not the case.…
LATIN AMERICA’S PERSONAL CARE PRODUCT MARKETS REMAIN IN THE DOLDRUMS AS ECONOMIES PERFORM POORLY
IT has been another subdued year for the beauty and personal care product market in Latin America, as the region’s economy underperforms yet again after six years of deceleration (and in some countries outright recession), keeping a lid on sales growth. …
VIETNAM’S TECHNICAL TEXTILE AMBITIONS AIDED BY TRADE WAR BUT DAUNTING CHALLENGES REMAIN
VIETNAMESE technical textile producers look set to capitalise on the ongoing trade war between the US and China with an increase in approaches from American automotive supply chain clients already being witnessed.
In May, the Trump regime increased tariffs on USD200 billion of imported Chinese goods, including many technical textiles and end-products made of technical textiles.…
PAINT PRODUCERS FOCUS ON EXPORTS IN STILL STAGNANT ITALIAN ECONOMY
Industry forecasts for Italy’s paints and coatings market are expected to remain relatively stable through 2019, mainly sustained by stability in the domestic construction and automotive sectors and continuing sales growth in foreign markets. Data from market research provider Euromonitor International released last December (2018) projected production turnover in Italy to grow by 0.5% in the 2018-2019 period, with an estimated value of just over EUR6.1 billion in 2019.…
REGULATORS STARTING TO ENCOURAGE FINANCIAL INSTITUTIONS TO EXPERIMENT WITH AI MONITORING OF SUSPICIOUS TRANSACTIONS
Regulators have started to actively encourage financial institutions to experiment and use machine learning to detect suspicious activity.
US regulatory authorities have called for innovative approaches to meet AML compliance obligations “to further strengthen the financial system against illicit activity”.
In a joint statement, the Board of Governors of the Federal Reserve System; the Federal Deposit Insurance Corporation; USA FIU the Financial Crimes Enforcement Network (FinCEN); the National Credit Union Administration, and the Office of the Comptroller of the Currency announced their support for innovative technology development last December.…
WOLLASTONITE OFFERS GREAT POTENTIAL AS BASE FOR DEVELOPING CARBON EMISSIONS REDUCTION TECHNOLOGY
WOLLASTONITE has been described by a Canadian producer as “a white mineral for a greener world,” and it seems governments, businesses and industries agree – with wollastonite is set to see increased market growth in its traditional uses plus a new focus on its powerful qualities to help tackle climate change.…
INDIAN KNITWEAR EXPORTERS LOOK TO EXPLOIT OPPORTUNITIES CREATED BY US-CHINA TRADE WAR
INDIAN knitwear exporters are hoping for a windfall of orders from the US following a spurt in client enquiries, which industry leaders believe are linked to the US-China trade dispute and the latest tariff hike on Chinese clothing and textile exports to America.…
WOLLASTONITE OFFERS GREAT POTENTIAL AS BASE FOR DEVELOPING CARBON EMISSIONS REDUCTION TECHNOLOGY
WOLLASTONITE has been described by a Canadian producer as “a white mineral for a greener world,” and it seems governments, businesses and industries agree – with wollastonite is set to see increased market growth in its traditional uses plus a new focus on its powerful qualities to help tackle climate change.…
REGULATORS STARTING TO ENCOURAGE FINANCIAL INSTITUTIONS TO EXPERIMENT WITH AI MONITORING OF SUSPICIOUS TRANSACTIONS
Regulators have started to actively encourage financial institutions to experiment and use machine learning to detect suspicious activity.
US regulatory authorities have called for innovative approaches to meet AML compliance obligations “to further strengthen the financial system against illicit activity”.
In a joint statement, the Board of Governors of the Federal Reserve System; the Federal Deposit Insurance Corporation; USA FIU the Financial Crimes Enforcement Network (FinCEN); the National Credit Union Administration, and the Office of the Comptroller of the Currency announced their support for innovative technology development last December.…
JAPAN CLOTHING BRANDS’ PAST SOURCING DIVERSIFICATION HAS PROTECTED THEM FROM US-CHINA TRADE WAR
JAPAN clothing brands have protected themselves in advance against exposure from the US-China trade war by decreasing their reliance on China-based manufacturing outposts in recent years. This sourcing diversification has occurred initially because of rising costs in China.
According to the Japan Apparel Fashion Industry Council (JAFIC), this movement away from Japan means the impact on Japanese textile and apparel companies from US tariffs imposed by the Trump administration on China-made exports would be “slight”.…
NEW BJP GOVERNMENT EXPECTED TO REVIEW INDIA’S MINIMUM WAGE
India’s new Bharatiya Janata Party (BJP)-led government, that took office on May 30 following its April and May election victory, is planning to increase the country’s minimum wage rates, which could damage the current cost advantages enjoyed of Indian apparel exporters, warned an industry body.…
TATA BUSINESS CONCENTRATION COULD PREPARE WAY FOR EXPANSION IN INDIA’S FOOD MARKET, SAY EXPERTS
A corporate restructuring by India’s Tata Group to demerge its chemical business from its consumer products divisions may encourage the conglomerate to boost its position in India’s highly competitive processed food sector, say experts.
“Tata may create a new identity by not only expanding its portfolio of ‘Sampann’ spices brand but also launching new food products that would compete with the offerings of established mid-sized companies like [Bengaluru-based] MTR Foods or [New Delhi-based] MDH,” Himanshu Manglik, president of Gurgaon-based consultancy firm Walnutcap told just-food.…
PRESSURES GROW ONTO CHINA’S GOVERNMENT TO DO SOMETHING ABOUT PORK
AFRICAN swine fever (ASF) has been squeezing pork supplies in China to a point where the country’s political leadership fears upheaval, as reflected by the country’s government influenced social media restricting ASF-related discussion. Even academic articles, if ASF-themed, now require explicit regulatory approval before publishing, informed sources in China, who requested anonymity, told just-food. …
ANTI-FRAUD AWARENESS AND TRAINING IS A LYNCHPIN OF CORPORATE POLICIES FIGHTING GRAFT AND FINANCIAL SCAMS
ANTI-fraud experts understand that managers always need to be aware of the potential for their organisations to lose money to fraud and corruption. But the fact that the Association of Certified Fraud Examiners (ACFE) https://s3-us-west-2.amazonaws.com/acfepublic/2018-report-to-the-nations.pdf
estimates an average 5% of public and private revenues are lost to fraud indicates that more awareness is needed.…
INDIAN GOVERNMENT LAUNCHES AGGRESSIVE ANTI-FMD AND BRUCELLOSIS VACCINATION CAMPAIGN
AN INDIAN government’s Indian Rupees INR133.43 billion (USD1.9 billion) initiative to eradicate foot-and-mouth disease (FMD) from the country will increase meat exports from the country, say experts. “It will definitely help opening up meat markets especially China, which is the biggest,” Priya Sud, a partner at buffalo meat exporting firm Al Noor Exports, in New Delhi, told GlobalMeatNews.…
INDIAN GOVERNMENT LAUNCHES AGGRESSIVE ANTI-FMD AND BRUCELLOSIS VACCINATION CAMPAIGN
AN INDIAN government’s Indian Rupees INR133.43 billion (USD1.9 billion) initiative to eradicate foot-and-mouth disease (FMD) from the country will increase meat exports from the country, say experts. “It will definitely help opening up meat markets especially China, which is the biggest,” Priya Sud, a partner at buffalo meat exporting firm Al Noor Exports, in New Delhi, told GlobalMeatNews.…
ANTI-FRAUD AWARENESS AND TRAINING IS A LYNCHPIN OF CORPORATE POLICIES FIGHTING GRAFT AND FINANCIAL SCAMS
ANTI-fraud experts understand that managers always need to be aware of the potential for their organisations to lose money to fraud and corruption. But the fact that the Association of Certified Fraud Examiners (ACFE) https://s3-us-west-2.amazonaws.com/acfepublic/2018-report-to-the-nations.pdf
estimates an average 5% of public and private revenues are lost to fraud indicates that more awareness is needed.…
WALMART PAYS USD282 MILLION OVER FCPA VIOLATIONS
American mega-retailer Walmart has settled charges imposed by the USA Securities & Exchange Commission (SEC) that it violated the Foreign Corrupt Practices Act (FCPA) by failing to operate a sufficiently robust anti-corruption compliance programme as the retailer expanded rapidly internationally. Walmart has paid over USD144 million to settle the SEC’s charges and around USD138 million to resolve parallel criminal charges laid by the US Department of Justice, with the combined total topping USD282 million.…
INTERNATIONAL REGULATORY ROUND UP – ISO LAUNCHES NEW COCOA SUSTAINABILITY STANDARDS
THE INTERNATIONAL Organization for Standardization (ISO) has launched a series of standards designed to help the cocoa industry ensure its products are both sustainably harvested and processed, but also traceable across their supply chains. Its ISO 34101 series is designed to promote good environmental and labour practices in a sector that involves sophisticated confectionery companies, global commodity traders and small farmers, often in poor countries, notably in west Africa.…
USA PAINT AND COATINGS INDUSTRY HIT BY TRADE WAR WITH CHINA, DESPITE ROBUST ECONOMY
The US paint and coatings industry is set to experience pain as “the spectre of significantly reduced profits looms large” because of the ongoing trade war over tariffs with China, a trade think-tank has warned.
And American industry representatives have indicated job losses and “negative financial impacts” could result from the tariffs increasing the cost of chemicals and other raw materials imported by the sector.…
MONEY SERVICE BUSINESSES IN EMERGING MARKETS FACE TOUGHER COMPLIANCE AND DERISKING DEMANDS
MONEY service businesses (MSBs) are having a tougher time operating in compliance with international AMF/CFT rules, especially those in emerging market countries, where they have to deal with a double challenge of tighter controls and derisking by banking partners.
MSBs throughout the Middle East, for instance, have been hit by derisking from correspondent banks as well as designations by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC).…
INDIAN CLOTHING AND TEXTILE TAX BREAKS SHOULD BOOST GLOBAL COMPETITIVENESS, SAY INDUSTRY LEADERS
THE INDIAN clothing and textile industry thinks it is better able to score export orders internationally since March when the central government announced new tax benefits for the country’s garment exporters. Rahul Mehta, president of Clothing Manufacturing Association of India, told just-style, that the combined reduction in costs delivered by a refund of the central and state taxes, new benefits under the Merchandise Exports from India Scheme (MEIS), and renewed 2% duty drawbacks, is 9% to 10%, and that “makes us more competitive”.…
SPAIN AND PORTUGAL BEAUTY SECTORS EYE EXPORTS, LEVERAGING LOCAL QUALITY AND INNOVATION
THE LONG lines of customer to the cash register in Inditex stores – the giant Spanish company behind High Street fashion brands Zara, Bershka and Pull&Bear (among others) – are also now buying personal care products as well as clothes. They funnel customers through shelves that are not only bursting with low-cost impulse buys, such as hair accessories, smart phone covers and key rings, but now also Inditex scents.…
EXCHANGING BANKNOTES FOR VOTES IN INDIA’S ELECTIONS CORRUPTS BUSINESS ENVIRONMENT
INDIAN authorities have seized more than USD120 million’s worth of unaccounted cash during the six-week long general election that concluded in May [2019]. Law enforcers have warned that this could be for vote buying, making a future government susceptible to corruption, promoting graft in business.…
VIETNAM YARN-MAKERS CONCERNED OVER RAW MATERIAL PRICE VOLATILITY AND GEOPOLITICAL UNCERTAINTY
VIETNAMESE cotton yarn-makers face a period of uncertainty due to raw material price volatility and the ongoing trade war between the US and China which threatens demand stability from Chinese textile and clothing manufacturers. China is the largest importer of Vietnamese yarn and accounts for more than 60% of Vietnam’s total yarn exports. …
MOTOR VEHICLES SECOND MOST COMMON SUBJECT OF CONSUMER SAFETY ALERTS CIRCULATED BY THE EU LAST YEAR
MOTOR vehicles and their parts were the second most common category of goods reported in safety warnings by consumer regulators in the European Union (EU) last year, according to a new annual report from the EU Safety Gate system. This involves European consumer regulators receiving safety warnings about products, including from auto manufacturers, and circulating these alerts via this central European portal.…
INDIA’S HALDIRAM’S INVESTS IN WIDE RANGE OF START-UPS SAYS CONSULTANT
Haldiram’s, a major Indian processed food maker is investing into start-up companies through a Mumbai-based incubator platform Venture Catalysts, just-food has been told.
“It is not necessarily about getting returns but they [Haldiram’s] want to be a part of the start-up journey and work closely with them,” an investment consultant with a detailed knowledge of the investment told just-food, “They want to know which are the new happening businesses and would like to participate as an investor and a guide.”…
MILITARY SECURITY EXPERT ADVISES US CLOTHING SECTOR TO UNDERTAKE DEEP DIVE CRIME ANALYSIS ON SUPPLY CHAINS
THE INTERNATIONAL clothing industry needs to take a holistic and assertive approach to fighting intellectual property theft and counterfeiting, which while can be easier to detect today, because of advances in data analysis, still poses a significant threat, an expert USA seminar was told.…
CHINA REMAINS SOURCE OF MAJORITY OF DANGEROUS CLOTHING AND ACCESSORIES SOLD IN EUROPE
CHINA continues to be the largest source of clothing and accessories detected as being unsafe for consumers in the European Union (EU), according to data analysed by just-style from the EU Safety Gate database.
Formerly the EU Rapid Alert System (RAPEX), the database shows that of the 221 safety warnings issued by the system about apparel and accessory products in 2018, 102 of these lines were supplied from China.…
INTERNATIONAL INITIATIVES AIM TO HELP AIRPORTS RESPOND TO DISASTER EMERGENCY RELIEF EFFORTS
INTERNATIONAL efforts are under way to improve how airports can serve as effective humanitarian logistics hubs, reducing the risk that they become bottlenecks in disaster relief efforts. These moves follow research and a growing consensus in the air and aid sectors that while airports are undoubtedly a lifeline during crises, they can also hamper the efficient delivery of aid to victims.…
INDIA’S HALDIRAM’S INVESTS IN WIDE RANGE OF START-UPS SAYS CONSULTANT
Haldiram’s, a major Indian processed food maker is investing into start-up companies through a Mumbai-based incubator platform Venture Catalysts, just-food has been told.
“It is not necessarily about getting returns but they [Haldiram’s] want to be a part of the start-up journey and work closely with them,” an investment consultant with a detailed knowledge of the investment told just-food, “They want to know which are the new happening businesses and would like to participate as an investor and a guide.”…
COATED, LAMINATED AND PADDED TEXTILES AT FOREFRONT OF INDUSTRY INNOVATION, CONFERENCE HEARS
Coated, laminated and padded textiles play key roles in a vast range of emerging products, with experts explaining at a Berlin conference how the technical textile sector has been continuously developing cutting edge technology to make such materials.
The International Conference on Textile Coating and Laminating (TCL2019), held in mid-March in Berlin, Germany, had a special focus on bedding developments.…
SUPERFRUITS OFFER BEAUTY BRANDS EXOTICISM AND FUNCTIONALITY
SUPERFRUITS offer personal care product brands lots of marketing muscle, delivering an image of exoticism, as well as offering real functional benefits.
As a result, beauty companies have been willing to trawl the world for new super fruit ingredients to give their lines a competitive edge.…
ASIAN BIOCIDES REGULATIONS ARE TOUGH AND DIVERSE – POSING REAL COMPLIANCE CHALLENGES
BIOCIDAL coating products are some of the most demanding lines to make, sell and import for manufacturers and suppliers as far as regulatory compliance is concerned. Legitimate concerns among environmental health regulators to ensure that biocides only kill the micro- or larger organisms that they target, without unintended damaging side-effects, mean that biocide controls are constantly under review.…
UGANDA CFO EXPANDS BANK’S DIGITAL SERVICES THROUGH ETHICAL AND HOLISTIC LEADERSHIP
Digital disruption has been transforming banking services worldwide, and Africa, with its important m-commerce sector, has been in the frontline of this change – a fact not lost on established bank executives, such as Samuel Fredrick Mwogeza, the chief financial officer of Stanbic Bank Uganda Ltd.…
BANGLADESH – A CASE STUDY IN THE CHALLENGES OF IMPOSING TRANSFER PRICING IN TAX COLLECTION
IN a country where tax collection remains weak, Bangladesh accounting experts now hope that a 2012 transfer pricing (TP) law is finally starting to increase revenues, although progress is slow. Demonstrating the difficulties involved in rolling out complex tax legislation in emerging market states that targets powerful multinationals, the country’s National Board of Revenue (NBR) says that it collected just USD1.2 million’s worth more taxes from 10 multinationals (which it would not name) in the financial year to last June (2018) than without taking TP into account.…
INTERNATIONAL REGULATORY ROUND UP – CAOBISCO WARNS EU CONFECTIONERY EXPORTERS MAY STRUGGLE TO EXPLOIT JAPAN TRADE DEAL
THE EUROPEAN Union (EU) chocolate, biscuit and confectionery industry association CAOBISCO has raised concerns that EU exporters will be unable to exploit the reduction of Japanese tariffs under the EU-Japan Economic Partnership Agreement (EPA), in force since February 1. CAOBISCO is concerned about how the deal includes rules of origin forcing its members to demonstrate how they source specific volumes of ingredients from the EU, rather than their value, which would be easier to demonstrate.…
PAKISTAN TEXTILE EXPORTERS UPSET OVER TENSE SITUATION ON BORDER WITH INDIA
PAKISTAN’S textile manufacturers and exporters appear divided over the possible negative impact on the country’s textile sector arising from prevailing tensions on the Indian border.
According to exporters, concern cause by air strikes by India in Balakot – in Pakistan’s Khayber Pakhtunkhwa province – on February 26 – will affect export volumes as some foreign buyers may have diverted new orders to other countries like Bangladesh and China.…
INDONESIAN CANDIDATES PROMISE GROWTH FOR TEXTILE INDUSTRY AS THEY VIE FOR PRESIDENCY IN APRIL POLL
CANDIDATES in next month’s presidential election in Indonesia have pledged to bolster the country’s textile industry but remain tight-lipped about specific details for improvement.
Industry association leaders have said incumbent President Joko Widodo’s infrastructure investment drive has yet to result in lower logistics costs for the sector – but still favour his plans over those of his presidential rival.…
EGYPT PAINT INDUSTRY EXPANDS, DESPITE WEAK CURRENCY IN INFLATING IMPORTED INPUT COSTS
THE EGYPTIAN economy is still struggling to overcome the problem of low hard currency reserves, a challenge that has negatively affected the local paints and coatings industry due its high dependence on imports.
“There has been a crisis in terms of availability of US dollars to purchase raw materials and most of the raw materials are imported,” said Himanshu Vasisht, project lead for energy and chemicals at India-based market researcher Mordor Intelligence.…
CHINA AND INDIA’S AML POLICIES CONTRAST BECAUSE OF SYSTEMIC POLITICAL DIFFERENCES
China and India as the world’s two most populous nations share a handful of similarities in their AML policies, but there are important contrasts, many springing from the fact that China is an authoritarian one-party state and India a sometimes chaotic multi-party democracy.…
SRI LANKA BOOSTS CLOTHING EXPORTS WHILE MAINTAINING REPUTATION FOR ETHICAL AND RELIABLE PRODUCTION
THE PASSING of the USD5 billion annual clothing export milestone by Sri Lanka is especially significant, says its industry association, because it has been achieved while maintaining an “ethical and reliable brand”.
The country’s total clothing exports reached USD5.05 billion last year (2018 calendar year), posting an annual gain of 4.97% year-on-year, Joint Apparel Association Forum Sri Lanka (JAAFSL) secretary general, Tuly Cooray told just-style.…
INDIA’S NATIONAL POTATO CHIP MARKET GROWS FAST SHARED BY BIG PLAYERS AND LOCAL MINNOWS
India’s potato chips/crisps market was worth USD2.59 billion in 2017 and is growing at an annual rate of 18.7%, data analytics firm GlobalData reports, and is expected to soar to a value of USD5.5 billion in 2022. The sale of branded chips sold by manufacturers across India is dominated by a handful of big companies – making up USD900 million of the segment’s total receipts, according to Indian ethnic food manufacturer and retailer Haldiram Snacks Pvt Ltd.…
INDIA’S UNTAPPED AND VAST RURAL MARKET OFFERS HUGE OPPORTUNITY FOR MAJOR POTATO CHIP BRANDS
India’s fast-growing potato chips market has huge potential for future growth, driven especially by rising demand in the rural markets, where two thirds of India’s 1.3 billion people still live.
For example, in the fast moving consumer goods segment, India’s rural market accounts for 40% of the national sales and is growing at about 10% annually, which is faster than the urban markets, said a ‘Indian Rural Market’ report issued by Confederation of Indian Industries in March 2017.…
INDIAN TECHNICAL TEXTILE SECTOR DEVELOPS DOMESTIC STANDARDS AS MILITARY OPENS UP TO PRIVATE SUPPLIERS
INDIA’S large military forces are to start sourcing a significant volumes of technical textile products from private companies from next year (2020), opening up a new market for local and international manufacturers, delegates at a recent conference were told in New Delhi.…
JAPANESE NUCLEAR SECTOR HAS GOVERNMENT BACKING – BUT FACES SERIOUS POLITICAL AND TECHNICAL HEADWINDS
THE JAPANESE nuclear sector may have the backing of its government, but a combination of technical challenges and public unpopularity is impeding plans to restore the country’s nuclear capacity towards its generation before the Fukushima disaster in 2011.
During a news conference on January 1, Hiroaki Nakanishi, chairman of the Japan Business Federation, was pessimistic about the industry’s future.…
PAKISTAN TEXTILE EXPORTERS WELCOME NEW TAX CONCESSIONS
GOVERNMENT moves in Pakistan to rationalise taxes, duties and other levies for exporting manufacturers have been widely welcomed by the country’s textile sector.
The government has withdrawn a 3% customs duty, 2% additional customs duty and 5% sales tax on imports of raw cotton, meeting a further long-standing demand of the textile industry, besides allowing a five-year tax break for new textile manufacturing plants.…
BIRLA SPRING SUMMER 2020 COLLECTION PUSHES SUSTAINABLE SOURCING AND DESIGN
INDIA’S Aditya Birla Group is continuing to improve its sustainability profile, with the global launch of a new ‘LivaEco’ fabric at the Première Vision show, held in Paris, France, from February 12 to 14, (2019).
The fabric, which will be available globally, is sourced from sustainable forests, all with Forest Stewardship Council certification, its production consumes less water than many rival fabrics and, when disposed of, biodegrades within six weeks.…
INDIA’S GROWING MARKET FOR INTERNATIONAL FOODS OFFERS GROWTH, BUT CHOOSE THE RIGHT PARTNER, SAY EXPERTS
IF evidence was needed that India’s consumer food market was becoming increasingly open to foreign tastes, Godrej Nature’s Basket, a premium fresh and fine foods store with an online and offline presence across India, claims 40% of its sales come from international food lines, mostly imported.…
INDIAN BREWERS AND IMPORTERS FACE TOUGHER YEAST CONTENT RULES
Beer standards India will be tightened from April 1, with a new regulation coming into force that limits the maximum yeast count in draught beer to 40 CFU (colony-forming units) and to zero for bottled beer.
The goal of this new Food Safety and Standards (Alcoholic Beverages Standards) Regulation, 2018,
https://fssai.gov.in/dam/jcr:cd57d3d9-03fc-4b2c-bf94-8006bc4bb6de/Gazette_Notification_Alcoholic_Beverages_05_04_2018.pdf …
INDIA TO BUILD NEW AIRPORT TO SERVE STATE CAPITAL OF ARUNACHAL PRADESH
INDIAN Prime Minister Narendra Modi has laid the foundation stone of a newly approved greenfield airport at Hollongi, south of Itanagar, the state capital of Arunachal Pradesh, north-east India. The ministry of civil aviation cleared the proposal in December (2018), which will see Indian Rupees 9.5 billion (USD133 million) being spent to build an airport with a terminal of 4,100 square metres and a peak handling capacity of 200 passengers per hour.…
SFO ENDS GSK AND ROLLS-ROYCE GRAFT PROBES
BRITAIN’S Serious Fraud Office (SFO) has closed two long-running major investigations into allegations of corruption and bribery at two of the UK’s largest companies: aero-engine maker Rolls-Royce and medicine manufacturer GlaxoSmithKline. Rolls-Royce has been subject to a deferred prosecution agreement (DPA), approved in January 2017, where it paid a GBP497.25 million (USD616 million) plus interest penalty and GBP13 million costs (USD16.1 million) over 12 counts of conspiracy to corrupt, false accounting and failure to prevent bribery in Indonesia, Thailand, India, Russia, Nigeria, China and Malaysia.…
SOUTH KOREAN COATINGS MARKET EXPANDS, WITH PRODUCERS TARGETING ECO-PRODUCTS
The coatings market of South Korea looks on track to achieve modest growth this year, with gains in architectural coating sales and a mild revival of marine coatings projected to offset a deteriorating outlook for automotive coatings. The overall South Korea paint and coatings market in 2018 has been estimated by market researchers Frost & Sullivan at USD4.5 billion in sales and 1 million tonnes in 2018, making it the fourth largest coatings market in Asia, in both value and volume terms – behind China, Japan and India.…
INDIAN CYBERCRIME BEING TREATED MORE SERIOUSLY BY COMPANIES – BUT MORE SECURITY IS NEEDED
Increasing instances of cyberattacks in India are compelling major businesses to upgrade their digital security by allocating extra resources and enforcing stricter security standards. But not all corporations are taking enough precautions. Raghavendra Verma reports from New Delhi.
Proactive measures utilising specialised teams of highly-paid information technology professionals are becoming increasingly common in the fight against ransomware, hacking, phishing, identity theft, data theft and related cybercrimes in India.…
SOARING COSTS IN JORDAN’S GARMENT SECTOR COULD DETER INVESTORS
JORDAN garment exporters maybe growing their export sales, but high costs and declining local purchases could weaken their ability to take advantage of robust growth in overseas demand, industry experts have told just-style.
Jordan’s garments exports are expected to have generated receipts of USD1.8 billion in 2018, and their value is expected to grow by at least 8% in 2019, a source at the Jordan Enterprise Development Corporation told the Jordan Times newspaper this week.…
EGYPT’S TEXTILE INDUSTRY SET TO BENEFIT FROM AFRICAN FREE TRADE TREATY
The African Union’s African Continental Free Trade Area (AfCFTA) agreement is expected to provide a boost to Egypt’s garments industry and enable it to better compete in the global market, but logistics and Egyptian export red tape will pose a major challenge, say industry executives.…
ICAO SAYS CIVIL AVIATION TRAFFIC WILL TREBLE BETWEEN 2015 AND 2045
CIVIL aviation traffic will more than treble in the next three decades, projections from the International Civil Aviation Organisation (ICAO) claim, with annual growth averaging at 4.1% between 2015 and 2045, according to figures generated in 2018. Data passed to Jane’s Airport Review says that medium-term growth will be similarly robust, with annual growth averaging at 4.3% between 2015 and 2035.…
CARBON CAPTURE AND STORAGE SECTOR MATURES – BUT IT IS FAR FROM STOPPING CLIMATE CHANGE
A TECHNOLOGY entwined with fossil fuels that, by the of 2018, boasted 43 large-scale facilities, (18 in commercial operation, five in construction and 20 in development), and which processed almost 40 million tonnes per annum (mtpa) of CO2, is clearly more than a passing fad.…
ITALIAN CONSUMERS’ PASSION FOR BEAUTY MEANS RETAILERS STILL WANT TO INVEST IN ITALY, DESPITE ITS SLUGGISH ECONOMY
Considerable investments continue to be made in Italy’s beauty and personal care market continue despite this being a stagnant market, according to sector-specific and general economic data and forecasts,
Despite this, global retailers in the beauty and personal care (BPC) industry continue to eye up what remains one of continental Europe’s largest domestic BPC markets, knowing that consumer demand remains solid, even if not growing.…
JOHNSON & JOHNSON FACES GROWING CANCER LAWSUIT THREAT OVER TALC ASBESTOS CLAIMS
EMBATTLED Johnson & Johnson (J&J) has launched appeal proceedings against a mammoth USD4.69 billion judgement as it fights on to salvage its reputation amid increasing claims its Baby Powder causes cancer.
Dubbed by one attorney as the biggest public health scandal after tobacco, the American personal care product giant is currently fending off almost 12,000 other lawsuits.…
ADDITIVES MANUFACTURERS SEEK TO GIVE ASIAN COATINGS BRANDS EDGE IN COMPETITIVE REGIONAL MARKET
WITH the Asia-Pacific coatings market and industry being one of the most dynamic worldwide, experiencing continuous robust growth, the potential for additives to give brands an edge in seizing market share is increasingly important.
Backed by buoyant construction, automotive and marine industries across the Asia Pacific, the region’s paint and coatings additives market is showing promising growth, analysts say.…
NEW INDIAN MEDICAL STOCKINGS MAKER PROSPERS FROM COMBINING QUALITY WITH LOWER COSTS
INDIA’S knitted medical stockings maker Ista Healthcare has been in business for only three years but has already been exporting products, has created backward integration and is now seeking venture capital for future expansion.
“Our product has been created right from scratch and is now accepted worldwide,” said Kumaraguru Muthuswamy, chief executive of Ista Healthcare LLP, based in the southern Indian city of Coimbatore, in Tamil Nadu state.…
FOOD MANUFACTURERS UNHAPPY WITH NEW INDIAN REGULATIONS ON FOOD MARKETING AND LABELLING
THE FOOD Safety and Standards Authority of India (FSSAI) has issued new regulations controlling advertising and label claims for food products that restrict the use of words and phrases such as ‘natural’, ‘fresh’, ‘original’, ‘traditional’, ‘authentic’, ‘genuine’ and ‘real’. Detailed technical guidance is included within the regulation setting out the manufacturing process that must be followed for such terms to be used to promote these foods.…
ATHLETIC APPAREL INDUSTRY MEETS TO DISCUSS CHALLENGES, OPPORTUNITIES OF THE FUTURE
With manufacturing technology advancing at an ever-faster pace, sports apparel companies need to constantly look for ways to embrace new techniques to compete in a constantly changing landscape, an international industry meeting has been told.
Sustainability, blockchain and Industry 4.0 are three of the most important trends being considered by brands and their suppliers, and they were focal points at the sixth World Manufacturers Forum (WMF), organised by the World Federation of the Sporting Goods Industry (WFSGI) in Ho Chi Minh City, Vietnam from December 11-12.…
THAILAND’S ROBUST ECONOMY REFLECTED BY GROWTH IN BURGEONING PAINT AND COATINGS SALES
AS the second largest economy within the Association of Southeast Asian Nations (ASEAN) bloc, Thailand remains a key market in the region for paint and coatings sales. Regarding sales of home paints and coatings, including lacquers and varnishes, London-based market researcher Euromonitor International says that sales have been growing strongly.…
INTERNATIONAL REGULATORY ROUND UP - RETALIATORY DUTIES ON USA CONFECTIONERY AND INGREDIENTS EXPORTS CHALLENGED AT WTO
THE WORLD Trade Organisation (WTO) Disputes Settlement Body (DSB) has approved establishing disputes settlement panels ruling sought by the USA on whether retaliatory duties imposed by the European Union (EU), Canada, China, and Mexico on US confectionery and sweet bakery and associated ingredient exports, imposed in response to America’s controversial steel and aluminium tariffs, break WTO rules.…
VOLVO RUSSIA CFO STRESSES NEED FOR EMPATHY AND FLEXIBILITY TO SUCCEED IN BUSINESS
There are two displays in the Moscow office of the CFO of Volvo Car Russia, Vladimir Lagutin, that catches the attention, immediately: a large elegantly-framed poster of UK electronic music band Depeche Mode and a case of tennis balls.
“Those things – music and tennis – keep me from being stressed,” says Lagutin.…
VIETNAM PUSHES FORWARD WITH NEW AML LAW AND ASSOCIATED IMPLEMENTATION GUIDANCE
FINANCIAL institutions and other anti-money laundering reporting sectors within Vietnam have had to grapple, since January 1, with a revised Penal Code, which has changed how money laundering is defined in criminal law.
In its 2018, International Narcotics Control Strategy Report (INCSR), the USA State Department notes that this “revises the money laundering offence and adds criminal liability for legal persons involved in money laundering.”…
IRAN GIRDS ITSELF AGAINST RENEWED USA SANCTIONS, PLOTS EVASION
With the USA re-imposing sanctions on Iran, and international financial institutions wary of dealing with the country, Tehran is dusting off its pre-2015 sanctions-busting playbook. Old networks are being renewed, including with neighbouring countries and China, but there are more obstacles for the Iranian government to contend with this time around.…
LICIT ARMS TRADE LIGHTLY REGULATED BY AML RULES, DESPITE CONCERNS OVER UNETHICAL PRACTICES
The conventional arms trade has a reputation for using side payment sweeteners to secure multi-million dollar deals. But despite allegations of corruption in numerous jurisdictions, the legitimate arms trade is not on the Financial Action Task Force’s (FATF) radar. Should it be?…
UNIONS DEMAND MORE AS BANGLADESH SETS NEW MINIMUM WAGE FOR KNIT WORKERS
BANGLADESH’S unions have yet to be satisfied by an increase in the country’s minimum wage, which was published in a government gazette on October 8, hiking minimum wages for entry-level knitwear workers by 51% to USD95-a-month from December, up from the USD63 set in 2013.…
CHINA’S TRADE WAR WITH AMERICA COULD ACCELERATE CLOTHING AND TEXTILE MANUFACTURING GROWTH IN AFRICA
AFRICAN garment and textile manufacturers have a long way to go to increase capacity, develop the supply chain and diversify overall production away from North Africa, an industry conference staged in Cairo has been told. But while north Africa accounts for more than USD10 billion out the continent’s USD13.54 billion in clothing and textile exports (during 2016, according to international trade data), the much discussed potential of Africa as the world’s next sourcing hub is starting to materialise.…
CHINA’S TRADE WAR WITH AMERICA COULD ACCELERATE CLOTHING AND TEXTILE MANUFACTURING GROWTH IN AFRICA
AFRICAN garment and textile manufacturers have a long way to go to increase capacity, develop the supply chain and diversify overall production away from North Africa, an industry conference staged in Cairo has been told. But while north Africa accounts for more than USD10 billion out the continent’s USD13.54 billion in clothing and textile exports (during 2016, according to international trade data), the much discussed potential of Africa as the world’s next sourcing hub is starting to materialise.…
DIGITAL CLOTHING AND TEXTILE SECTOR TECHNOLOGIES EMERGE IN EGYPT AND SOUTH AFRICA – BUT WILL THE REST OF AFRICA FOLLOW SUIT?
DIGITAL production technologies could help African manufacturers pick up business lost by Chinese rivals because of the trade war in the USA, with brands looking to take advantage of the free trade agreements that many African countries have with the USA and Europe.…
GLOBAL SHIFT TOWARDS BLOCKING ANIMAL TESTING ON COSMETICS CONTINUES TO ROLL FORWARD
MPs in Canada have returned to their House of Commons after the traditional summer break, when they are expected to vote on a draft law, the Cruelty-Free Cosmetics Act, that would ban the testing of cosmetics and their ingredients on annals in Canada and block the sale of personal care products that have been assessed using such techniques.…
COUNTERFEITERS INCREASINGLY TARGET EUROPE FOOD SECTOR, AS THEY GROW INTERNET SALES OF FAKE GOODS
COUNTERFEIT foodstuffs were the most common fake good seized by European Union (EU) customs in 2017 – making up 24% of the total – as fakers increasingly look the Internet to sell their illicit wares. Keith Nuthall unpicks the latest EU data on pirated products.…
ASSURING NON-FINANCIAL REPORTING IS INCREASINGLY IMPORTANT, SAY EXPERTS
WITH reputational risk being an increasing concern for investors, the demand for information in accountancy reports that goes well beyond the balance sheet is growing. And, companies want to be sure that such data is of solid quality – making emerging forms of external reporting (EER) assurance the key focus of a high-level accounting meeting staged in Brussels on November 8.…
ASIAN REGULATORY ROUND UP – HK GOVERNMENT REMOVES PREFERENTIAL TAX TREATMENT FOR OFFSHORE FUNDS
THE HONG Kong government has responded to European Union (EU) concerns that its tax system unfairly benefits offshore investment funds by offering them profits tax exemptions. HK is proposing these breaks also apply to onshore funds. The EU had identified these offshore rights as a potentially harmful tax practice, threatening to add HK on its list of non-cooperative tax jurisdictions, potentially sparking financial sanctions.…
MIDDLE EAST PAINT MARKET MIXED BAG – AS ECONOMIC DIVERSIFICATION PROJECTS BOOST SALES WITHIN WEAK MARKETS
Paint markets throughout much of the Middle East are experiencing a downturn due to the region’s political instability and economic slowdown. However, manufacturers are nonetheless betting on a rebound as larger projects re-start and reconstruction begins in certain markets.
In the oil-based economies of the United Arab Emirates (UAE) and Saudi Arabia, lower oil prices have hit government budgets, causing state-backed projects to be suspended or delayed, while having a knock-on effect on the wider economy.…
KEY NUCLEAR CONFERENCE HEARS HOW INDIAN NUCLEAR SECTOR EXPANSION WILL CONTINUE, DESPITE CHALLENGES
THE SERIOUS challenges affecting the growth of the Indian nuclear industry – including the falling cost of competing renewable energy, scarcity of finance, a shortage of skilled manpower and negative public perceptions – have concentrated the minds of industry leaders meeting at the 10th Nuclear Energy Conclave 2018, held in New Delhi.…
GRASSROOTS ENTHUSIASM MAY BE LACKING FOR VIETNAM’S LATEST TOP-DOWN EFFORT FOR ENVIRONMENTALLY-FRIENDLY TEXTILE INDUSTRY
The World Wide Fund for Nature (WWF) and the Vietnam Textile and Apparel Association (VITAS) have endorsed a project named ‘Greening Vietnam’s textile sector through improving water management and energy sustainability’ with the declared aim of transforming the Vietnamese textile industry into a more environmentally friendly and sustainable one.…
AFRICAN SOURCING AND FASHION WEEK EXPLORES HOW CONTINENT’S CLOTHING AND TEXTILE SECTOR CAN GROW SUSTAINABLY
As he took in the fourth Africa Sourcing and Fashion Week (ASFW) in the Ethiopian capital of Addis Ababa last week, Kenneth K Han, managing director of Shints ETP Garment Plc, said he is optimistic over the country’s potential in the textile and apparel sector, despite many challenges.…
ANTI-CORRUPTION IT SYSTEMS GROW IN SCOPE AND SOPHISTICATION
WITH an estimated USD1.5 trillion lost to the global economy because of bribes, the World Bank is pushing for a diverse array of technology to be deployed – it is a call being answered with anti-graft systems being installed worldwide.
Reducing corruption “is a priority” for the World Bank, it said in a briefing note in September 2017.…
IRELAND’S DAIRY INDUSTRY GOES GLOBAL AND DIVERSIFIES, AS IT SEEKS INSULATION FROM BREXIT DISRUPTION
The recent sight of a Chinese internet celebrity in a milking parlour in Limerick could be a hint of what the future holds for Ireland’s increasingly international dairy industry. Xiao Lu Yu, one of the ‘influencers’ who monetise Chinese social media (see https://m.weibo.cn/status/4279583182420503…
INTERNATIONAL REGULATORY ROUND UP – US-CHINA TRADE WAR HITS CONFECTIONERY EXPORTERS
AMERICAN confectioners may suffer from the latest tit-for-tat tariff exchange between the USA and China, with retaliatory duties from China targeting US confectionery exports. Many of these duties are high – at 25% – imposed from September 24 on US-made sugar; cocoa powder; milk powder; honey; jams; and more; plus 20% duties on US-made confectionery without cocoa; chewing gum; some chocolates; and more.…
INDONESIA LOOKS TO OPEN NEW TEXTILE MARKETS WITH FREE TRADE PACTS
Indonesia is seeking to open new markets for its textile and garment products – not only are free trade agreements with Australia and fellow Asian countries are on the cards, the industry’s association and the government has announced, but the industry is also targeting African export sales.…
ASIA WAKING UP TO CRYPTOCURRENCY – GOVERNMENTS SEEK TO REDUCE MONEY LAUNDERING THREATS
Cryptocurrencies have made a big splash across Asia, and governments have taken very different regulatory approaches to curb associated financial scams and money laundering.
While there is one group of countries that has banned the operation and use of cryptocurrencies entirely, including China, India and Vietnam, a second category spans countries that see cryptocurrencies as potentially boosting their own financial sectors.…
PATANJALI LAUNCH WIDE RANGE OF NEW FOOD PRODUCTS
India’s Patanjali Ayurved, the fast-moving consumer goods company that trades on traditional values, has launched several dairy and food products including the liquid milk, yogurt, buttermilk and cottage cheese. It will also be marketing frozen vegetables, including peas, sweetcorn, potato chips (NOTE – NOT CRISPS) and assortment of mixed vegetables, the company has said in a statement.…
AFRICA’S CLOTHING SECTOR NEEDS TO BECOME MORE FLEXIBLE AND ADOPT MORE TECHNOLOGY, GLOBAL CONFERENCE HEARS
A FAILURE to embrace and adopt science and technology is hurting the clothing, textile and cotton industries of Africa, delegates attending an International Textile Manufacturers Federation (ITMF) three-day conference in Nairobi, Kenya, from September 7-9. The annual conference, staged this year in a sub-Saharan African country for the first time in the ITMF’s 114 years of existence, heard experts commenting that a reluctance by African companies to adopt new technology had not only slowed growth in the apparel and textile sector, but was also potentially pushing companies towards stagnation.…
NOODLE CONSUMPTION TO GROW FAST IN INDIA OVER NEXT FIVE YEARS
The future holds bright promise for India’s instant noodles segment as it will grow at an average annual rate of about 7% until 2023, predicted consultancy firm Technopak.
This market is so big that all noodle companies can co-exist, Suman Dabas, Technopak’s associate director food and agriculture, told just-food.…
INSTANT NOODLES HAVE BECOME AN ESTABLISHED PART OF INDIAN FOOD CULTURE – AND SALES ARE GROWING
INSTANT noodles have become one of the most popular ready-to-cook meals in India with marketing campaigns highlighting their cooking convenience and popularity with children.
With annual sales of USD640 million in 2017, this Indian food segment is growing at 13.4% annually, according to data from London-based market analysis company Euromonitor International.…
PLANNED SOUTH INDIA TOURIST AIRPORT OPENING ON TRACK FOR DECEMBER, SAYS NEW DELHI
PLANS to open a new tourist airport this December, in India’s southern Maharashtra, near the beaches of northern Goa, are moving forward, with a familiarisation flight from Mumbai landing on September 12. India’s ministry of civil aviation noted that Sindhudurg airport, at Parule Chipi, in Maharashtra’s Konkan coast, will have a 2,500-metre runway able to receive Airbus A320 and Boeing 737 planes.…
US MEAT PRODUCERS CONCERNED OVER TRADE WAR – BUT HOPE IT WILL AID A FUTURE DEAL INCREASING BUSINESS
AMERICAN meat exporters are hoping that the Trump administration aggressive trade policy approach towards China will force Beijing to remove non-tariff bureaucratic barriers that depressed sales before this year’s trade war between the two economic giants.
“We’ve already had Chinese tariffs [in the past] and the conversation is about more than just discussion of tariffs,” said Colin Woodall, vice president of government affairs at the National Cattlemen’s Beef Association.…
INDIA FOOD SAFETY AGENCY PLOYS MAJOR INITIATIVE TO BOOST MEAT CLEANLINESS
The Food Safety and Standards Authority of India (FSSAI) is launching a hygiene and cleanliness drive in the Indian meat industry though training, food safety audits, certification of animal feed and pushing retailers to make health and safety improvements.
It plans to stage a food safety audit of meat processing units, slaughterhouses, distribution and retail businesses within next three months across 40 cities.…
CINTE 2018 SHOWS HOW CHINA TECHNICAL TEXTILE AND NONWOVENS SECTOR IS GROWING IN IMPORTANCE
The latest edition of the biannual China International Trade Fair for Technical Textiles and Nonwovens (Cinte Techtextil China), held September 4-6, in Shanghai, showed how Chinese manufacturers are more than holding their own in these technically demanding markets.
The fair, a spin-off from the Techtextil show in Germany, attracted a diverse range of some 500 exhibitors from around 20 countries, covering 12 different application areas with protech, mobiltech and geotech, spanning wovens, knits and nonwovens, arguably being most prominent. …
ONLY 11 MAJOR EXPORTING COUNTRIES PUNISH COMPANIES FOR GRAFT
A new report from Transparency International has found that only 11 major exporting countries in the world significantly punish companies that pay bribes abroad. The report, called ‘Exporting Corruption’, also found that more than half of world exports come from at least 33 jurisdictions, including several European Union (EU) member states, where companies that export corruption along with their goods and services face weak consequences. …
INTERNATIONAL REGULATORY ROUND UP – CHINA PLANS TO HIT AMERICAN CONFECTIONERS WITH TARIFFS
THE CHINESE government has directly targeted the American confectionery and related ingredients sector in its latest tit-for-tat response in the trade wars launched by US President Donald Trump. Beijing has highlighted these goods as products that may become subject to retaliatory tariffs, should the USA impose a threatened third list of duties on Chinese tech, drafted over alleged thefts of American IP.…

MULTIPLE TRADE DEALS ALWAYS LIMIT GOVERNMENT POLICY FREEDOMS – A POLITICAL TRUTH UNDERMINING BREXITEER ‘CONTROL’ GOALS
They say the UK can forge its own future by negotiating bespoke trade deals that reflect British interests rather than those of Brussels. But the more comprehensive deals Britain strikes, the more its room to manoeuvre will shrink – because all its trading partners (who are also striking deals with each other) will have to agree the same or similar terms for such deals to work.…
VIETNAM STILL HAVE SOME HOMEWORK TO DO TO SUSTAIN STRONG TEXTILE-GARMENT GROWTH
WHILE Vietnamese government officials define the local textile and garment industry as among the economic sectors projected to have one of the highest growth rates in the country over the next 12 years, industry observers stress that more needs to be done to ensure this happens.…
PAKISTAN’S TEXTILE SECTOR MULLS OVER SHIFTING TO RENEWABLE ENERGY TO CUT COST OF DOING BUSINESS
PAKISTAN’s textile sector is gearing up to shift to solar and other renewable energy to combat the effects of escalating power costs which have rendered their businesses uncompetitive in the region.
Reon Energy, which is part of Dawood Hercules Group, based in Karachi, has recently completed the installation of a one megawatt solar project at Kohinoor Textile Mills Limited (KTML), in the Punjab province.…
AI AND MACHINE LEARNING TO REDUCE AML REPORTING FALSE POSITIVES
WITH inflexible rules-based transaction monitoring systems built from a range of legacy systems still dominating the anti-money laundering (AML) landscape, excessive numbers of false positives are causing “mayhem” in the financial services sector, Luca Primerano, now chief AI officer at AML solutions provider Fortytwo Data in London, has claimed.…
INDIAN GOVERNMENT SENDS OUT CONFLICTING SIGNALS ON TRADE – DOES KNITWEAR SECTOR NEED TO PREPARE FOR MORE COMPETITION?
THE INDIAN government has been sending out conflicting signals about its trading policy for its important knitwear sector. While it last month (July 18) announced it was increasing import duties for some key knitted apparel and knitwear inputs, talks are moving ahead to forge a Regional Comprehensive Economic Partnership (RCEP) with 16 Asian counties.…
AS US-CHINA TRADE SPAT HEATS UP, THE PHILIPPINES ANTICIPATES CHINESE GARMENT INVESTMENT WAVE
Signs of an accelerating relocation of garment investment from China to the Philippines are emerging, amidst the US imposing an additional 10% duty on textile and some clothing products from China. The Chinese government retaliation of an additional 25% duty on US cotton imports making raw material sourcing for China-based manufacturers more expensive has also raised the cost of doing business in China.…
INDIAN AIRPORT WEDGED AGAINST BANGLADESH BORDER TO EXPAND SECURITY FORCE
India’s newly renamed Maharaja Bir Bikram Kishor Manikya Bahadur Airport, in Tripura state, which has its boundary wall running along a heavily defended Bangladesh border, is getting extra security and a new terminal building.
“As it is a hyper sensitive airport, its sanctioned strength of security force will soon be increased from 224 to 330,” Shekhar Dev Burman, director of the airport told Jane’s.…
DELHI AIRPORT FACES USD90 MILLION BACK PAYMENT DEMAND FROM GOVERNMENT SECURITY AGENCY
The operator of New Delhi’s Indira Gandhi International Airport is resisting a demand for USD90 million in demanded back payments from Central Industrial Security Force (CISF), which has been securing the airport since 2003. While confirming the pending dues and calling it a very sensitive issue, the spokesperson of CISF told Jane’s Airport Review that the matter is being taken up by the central government ministry of civil aviation (MoCA) and ministry of home affairs.…
INDIAN MEAT TRADERS OUTRAGED BY SUDDEN GOVERNMENT EID LIVESTOCK EXPORT BAN
INDIAN livestock exporters are up in arms after the Indian government withdrew permission to export 25,000 goats and sheep from the western state of Gujarat just before the Islamic festival of Eid al-Adha.
The animals were bound for slaughter in Gulf countries as part of the festivities, which involve copious consumption of meat.…
INDIA’S BEAUTY SECTOR DIVERSIFYING AS IT GROWS AND MATURES – BUT BRANDS NEED SHARPNESS TO PROFIT
The Indian beauty and personal care industry is expected to grow at an average annual rate of 5.6% until 2022, according to research conducted by market analysis company Euromonitor International, down from the 9.1% year-on-year growth to USD14 billion that the sector reported in 2017.…
ASIA PACIFIC PAINT AND COATINGS REGULATORY ROUND UP – INDIA PAINT SECTOR EXEMPTED FROM KEY BIOCIDE CONTROLS
INDIA’S paint industry has been exempted from a mandatory biocide registration requirement under the national Insecticides Act (1968) if the biocides are used as a dry film preservative. However, new guidelines issued by Central Insecticide Board and Registration Committee (CIBRC) in June have told the Indian paint industry that they must use registered biocide products at recommended dosages, or protective labelling rules will kick in.…
PLAIN PAPER PACKAGING RULES GROW – BUT INDUSTRY FAR FROM CONVINCED THAT THEY ARE EFFECTIVE
PLAIN packaging rules, or approximations, are growing around the world, but the tobacco sector still argues that these controls are over-reaches that do not reduce smoking and instead encourage counterfeiting and smuggling.
Since January 2017, French smokers have been buying non-branded packs of cigarettes, seeing only a warning picture with text about how tobacco consumption affects people’s health, along with the name of the manufacturer in a simple typeface.…
BURBERRY EYES CASHMERE QUALITY IMPROVEMENTS IN AFGHANISTAN TO BOOST SUPPLIES
DESPITE being the world’s third largest cashmere producer next to China and Mongolia, according to research from the University of California, Davis, Afghanistan’s cashmere industry is heavily underutilised, according to industry experts.
Afghanistan in the previous decade (to 2010) produced around 7% of the world’s raw (greasy) cashmere, after China (72%) and Mongolia (18%) say UC Davis researchers (see https://afghanag.ucdavis.edu/other-topics/files/market/chasmere-value-chain.pdf).…
SOUTHEAST ASIA FACES UP TO LOOMING OIL AND GAS DECOMMISSIONING CHALLENGE
THE ASIA-PACIFIC (APAC) region’s oil and gas sector faces an unprecedented level of decommissioning for which it is under-prepared and lacks experience, analysts have warned. Unclear regional government regulations coupled with a lack of local expertise mean that companies and regulators face a steep learning curve, high initial costs and the potential for mistakes, according to the consultancy group Wood Mackenzie’s latest analysis.…
FRENCH PAINT MARKET SET TO PROFIT FROM BUOYANT CONSTRUCTION AND HOME IMPROVEMENT MARKET
THE FRENCH paint and varnishes industry saw sales decline for the third consecutive year in 2016, contracting by 1.6% year-on-year to EUR2.9 billion, according to market research company Euromonitor International. It believes, however, that business should pick up in the coming years due to rising construction of homes.…
INDIA LAUNCHES HEALTHY FOOD CONSUMPTION PROGRAMME
The Food Safety and Standards Authority of India (FSSAI) has launched an ‘Eat Right Movement’ to improve public health and combat disease linked to poor eating habits.
The programme will “nudge food businesses to reformulate their products, provide better nutritional information to consumers and make investments in healthy food as responsible food businesses,” said an FSSAI statement.…
INDIA TO CONTROL SRI LANKA’S LOSS MAKING INTERNATIONAL AIRPORT
The Airports Authority of India (AAI) will take over a controlling stake of Sri Lanka’s second international airport, Mattala Rajapaksa International. With few flights currently arriving ore departing. The AAI will have a 70% stake, with the remaining 30% expected to be owned by the Sri Lankan government, which would retain control over what airlines landed and departed from Mattala Rajapaksa, in southern Sri Lanka.…
DBL LEADS BANGLADESH MANUFACTURERS IN EMBRACING DIGITAL-FOCUSED GROWTH
The digital integration of Bangladesh’s booming textiles and garment sector is gaining pace, with ‘Industry 4.0’ becoming a watchword for becoming more competitive. One company that has been taking such technological development very seriously is the Dhaka-based DBL Group, which has targeted digital efficiencies to turbocharge its business growth. …
INDIAN GOVERNMENT PROMISES PUSH TO MAKE NEW KERALA AIRPORT SUCCEED
THE INDIAN government will help ensure Kannur International Airport, Kerala, southern India – now under construction – is opened by September (2018). Federal civil aviation minister Shri Suresh Prabhu has met with Kerala chief minister Shri Pinarayi Vijayan, later directing the Airport Authority of India and ministry officials “to take all possible steps to make Kannur Airport as a point of call for foreign airlines”.…
ASIA PACIFIC TECHNICAL TEXTILES CONTINUE TO GROW – BULK OUTPUT RISES IN CHINA, WHILE JAPAN AND SOUTH KOREA CHASE NICHES
THE ASIA-Pacific technical textiles sector is still robust – with China’s industry continuing to grow, with bulk products still a focus. Meanwhile, more developed economies such as South Korea and Japan keep honing their output, looking for specialist niches and edges created by innovation.…
INNOVATION IN PERSONAL CARE PRODUCT SECURITY GETS SOPHISTICATED – BUT ALSO EXPENSIVE
IN the USA alone, USD1.4 billion in counterfeit consumer products were seized in 2016 by the United States Customs and Border Protection, including 2,000 shipments of counterfeit cosmetics products. This, according to a note from USA-based Clarkston Consulting, cost the beauty industry at least USD75 million, which said: “Counterfeiting of consumer products remains on the rise” – see https://clarkstonconsulting.com/insights/counterfeit-cosmetics/counterfeit.…
INDIA PAINT SECTOR TO BENEFIT FROM GST REDUCTION SAYS INDUSTRY ASSOCIATION
PAINTS and coatings prices in India are expected to fall, with the government reducing the rate of goods and services tax (GST) levied on these products from 28% to 18%. “Over a period of six months the prices should go down and the overall industry should be moving ahead,” Ashwani Mehra, president of the Indian Paint and Coating Association in New Delhi told the Asia Pacific Coatings Journal.…

MAJOR INDIAN FOOD ASSOCIATIONS OPPOSE PLANNED SINGLE USE PLASTICS BAN
Dr Subodh Jindal, president of New Delhi based All India Food Processors’ Association, believes that a ban on single-use plastic will impact the food industry more than any other. He told just-food, “Let us not ridicule the good work plastic has done for the food industry.…
VIETNAM TEXTILE SECTOR SET TO BENEFIT FROM AUSTRALIA TRADE LINKS BUT STILL FACE STIFF CHINESE COMPETITION
THE NEWLY signed 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) could help Vietnam boost garment and textile exports to the lucrative Australian market significantly. But the Asian clothing makers may still face big challenges in taking market share in this mature market away from China, experts warn. …
INDONESIAN INFRASTRUCTURE BOOST TO TEXTILE INDUSTRY BUT ENERGY ISSUES HAMPER PROGRESS
INDONESIAN President Joko Widodo’s drive to upgrade the country’s infrastructure is set to benefit the textile industry, but the problem of high energy costs remains an obstacle to competitiveness, industry players have warned.
Since taking office in October 2014, Widodo’s administration has embarked on ambitious projects to tackle infrastructure bottlenecks by building roads, ports, airports and power plants.…
PAKISTAN’S TEXTILE INDUSTRY FOR AVAILABILITY OF RAW MATERIALS TO BOOST VALUE-ADDED EXPORTS
PAKISTAN’S textile industry associations have urged their government to provide “an enabling environment” and relax import duties on raw materials to encourage exporters and boost value-addition for the country’s struggling textile industry.
Reacting to Sindh province governor Mohammad Zubair’s remarks in which he highlighted the importance of the industry adding value to its products to boost textile exports, association leaders say his comments are unfounded as manufacturers are doing their best but battling high production costs, against which they have campaigned long and hard.…
PUBLIC-PRIVATE PARTNERSHIPS KEY TO STOP ILLEGAL USE OF VIRTUAL CURRENCIES, SAY EXPERTS
JOINING expertise from the public and private sector to combat money laundering or terrorism financing (TF) aided by virtual currencies (VCs) is the way forward, financial crime experts told MEPs at the June 18 meeting of the European Parliament’s special committee on terrorism.…
INVESTMENT GROWS IN EMERGING MARKET NONWOVENS AS GLOBAL GROWTH EXPECTATIONS RISE
THE NONWOVENS sector has always been at the cutting edge of materials production, and so established developed economy manufacturers have often had the edge. But with global markets integrating, and emerging economies becoming increasingly sophisticated, new nonwovens manufacturing bases are growing all the time.…
INDIA KEEPS FIGHTING ML AND TF, BUT SOME EFFORTS MISFIRE
India may have undertaken extreme demonetisation of higher value currency notes and closed more than 200,000 shell companies to curb money laundering and terrorism financing, but its progress against fighting ML and TF remains impeded. Of key concern, say AML/CFT experts are investigating agencies’ weak independence and deeply entrenched political corruption.…
VIETNAM CLOTHING MANUFACTURERS SHOULD EMBRACE TECH TO MAKE THE MOST OF UPCOMING TRADE DEALS
The new realities of accelerating wage growth and the global shift towards placing smaller orders needs to be answered by Vietnam-based garment-makers by embracing technology-driven automation, according to ThreadSol, an India-based technology company. It supplies leading manufacturers in Vietnam with production software driven by artificial intelligence (AI) and Big Data.…
PAKISTAN CONTINUES TO SEND MIXED MESSAGES OVER COUNTER-TERROR FINANCING
PAKISTAN’S law enforcers and regulators are on the front line when it comes to fighting terrorist financing, money laundering and financial crime in general, both within the country and from across its borders, notably conflict-riven Afghanistan. But its government and state agencies often send mixed messages over their commitment to fight terror finance.…
SINGLE USE PLASTICS TO BE BANNED IN INDIA BY 2022
Indian Prime Minister Narendra Modi’s ambitious plan to make India free of single-use plastics by 2022 is impractical, Indian food industry players.
Mr Modi announced the scheme on World Environment Day on June 5, saying he would ensure all Indian states and territories banned their use by that year, starting with the capital New Delhi.…
MALAYSIA AND INDONESIA EXPAND DIGITAL TEXTILE PRINTING – BUT GROWTH IS SLOW
MALAYSIA has long positioned itself as a higher-tech source of textile manufacturing and so it is maybe no surprise that it has been growing its digital textile printing segment.
That has been to the benefit of key Japan-based digital imaging and printing solution supplier Epson, which currently claims a Malaysian market share of 87% – based on data harvested last year (2017).…
REGULATORY CONVERGENCE OF COSMETICS LEGISLATION WILL HAPPEN – BUT SLOWLY, SAY EXPERTS, COSMETICS EUROPE MEETING HEARS
ACHIEVING regulatory convergence in the USD465 billion global cosmetics industry (Euromonitor 2017 figures) is an important long-term goal, industry experts agreed at European personal care product association Cosmetics Europe’s June 13-14 annual conference 2018 in Brussels. Europe is a key market for this industry – providing EUR77.6 billion’s worth of personal care product sales last year, and supporting more than two million jobs, said Cosmetics Europe president Loïc Armand, also president of L’Oréal France.…
INDIAN CONFECTIONERS AND SWEET BAKERS UPSET OVER PLANNED DRACONIAN HEALTH LABELLING RULES
INDIAN confectionery makers are fearing a slump in sales due to the country’s new ‘traffic light’ food labelling regulation that mandates detailed nutrition information on the front of the pack, along with red dots to denote high sugar, salt or fat content.…
INDIA’S NEW GST COMES UNDER FIRE BY CRITICS
INDIA’S new Goods and Services Tax (GST) – designed to overhaul, modernise and harmonise the country’s indirect taxation – has been the focus of bitter criticism, over its chaotic and haphazard introduction and implementation.
Since its formal launch last July (2017), “changes have been made continually, and hence businesses found it difficult to keep pace,” says Mahadevan Subra Mani, senior director, Deloitte India, in Mumbai.…
HAJJ ECONOMICS MEAN BIG BUSINESS IN SAUDI ARABIA AND BEYOND
The Hajj pilgrimage to Mecca is one of the five pillars of Islam, a religious duty every Muslim should perform once in their lifetime. But with 1.7 billion Muslims worldwide and the Hajj only occurring over five days every year, the event is a logistical challenge for the Saudi Arabian government, tour operators, hospitality service providers, retailers and accountants.…
BHUTAN STRUGGLES TO ENFORCE ITS TOBACCO BAN
THE HIMALAYAN kingdom of Bhutan may have a ban on smoking in public spaces under the Tobacco Control Act of 2010, but it is not hard to find smokers flouting this law. The legislation specified sporting centres as public spaces under the act, but when Tobacco Journal International visited the national stadium in the capital Thimphu to watch the opening game of this season’s Bhutan Pepsi Football League on April 21, it followed young fans walk to washroom at half-time to light up smuggled cigarettes.…
INDIA LAUNCHES WTO TRADE DISPUTE AGAINST THE USA OVER TRUMP METAL TARIFFS
The Indian government has launched a disputes proceeding at the World Trade Organisation (WTO), protesting at the USA’s imposition of duties of 25% and 10% on imports of India-made steel and aluminium products.
New Delhi argues that the tariffs, imposed on March 23 by the Trump administration to protect and expand American aluminium and steel production, break the WTO’s General Agreement on Tariffs and Trade (GATT) and its Agreement on Safeguards.…
BANGLADESH KNITTERS EYE NEW SPORTSWEAR NICHE
AS China’s retreat from mass market clothing production continues, Bangladesh knitters are eyeing another added value knitwear niche – sportswear. Following the industry’s success in boosting sales within the profitable lingerie segment, Bangladesh manufacturers are ramping up production in sports apparels, although some experts say that work is needed on boosting its supply chain, particularly of manmade fibres.…
BANGLADESH EASES TRADE UNION: FORMATION RULES TO PLACATE ILO
BANGLADESH has eased regulations for forming trade unions at garment factories in what appears to be a bid to appease the International Labour Organisation (ILO).
The government has decided to slash the requirement for workers’ consent to form trade unions from the previous 30% of a company’s workforce, to 20%.…
INDIA’S BUFFALO MEAT AND SECONDARY DAIRY CATTLE SLAUGHTER SECTORS TO RECEIVE BOOST FROM NEW SEMEN UNIT
INDIA is building its biggest frozen semen station, housing 300 bulls of indigenous breeds of buffalo and cattle, with construction costs estimated at Indian Rupees INR640 million (USD 9.7 million) in Purnea, Bihar. When fully functional by May 2019, it would include bull shade areas, a semen processing lab, feed and warehousing, plus agricultural equipment and would supply five million doses of high quality semen every year to overcome national shortages.…
EXPERTS REFINE FORENSIC LINGUISTICS TO DETECT FRAUD
TECHNIQUES for using forensic linguistics to detect fraud continue to be refined as experts debate the best and most reliable way to use such technology and practices. Indeed, specialists continue to disagree over how forensic linguistics should be used in the anti-fraud arena.…
SUPPLY OF RENEWABLE ENERGY MINERALS POSES MAJOR HEADACHE FOR POWER SUPPLIERS
Unlike the limited range of minerals used in fossil fuel production, many minerals, metallic and nonmetallic, are used in renewable energy technologies. However, production is often low and concentrated in a limited number of countries – creating potential strategic supply problems.…
EU/WTO INTERNATIONAL REGULATORY ROUND UP – EU-MEXICO TRADE DEAL TO HELP FOOD EXPORTERS
EUROPEAN Union (EU) food and drink exporters could be major beneficiaries of a revised EU-Mexico trade agreement which will remove almost all bilateral tariffs left by a year 2000 deal. Under a new agreement struck in principle, Mexican import duties on EU exports of cheeses, such as gorgonzola and roquefort, and pasta (of up to 20%), will be removed, along with duties on chocolate and confectionery, (that can exceed 20%).…
PASSENGER EXPERIENCE COMES TO THE FOREFRONT AT DUBAI AIRPORT SHOW
Enhancing the quality of passenger experience while maintaining maximum security was a recurring theme during the Dubai Airport Show 2018. The annual airport industry event, held from May 7 to 9, drew more than 7,500 visitors.
Covering 15,000 square metres of space across three halls of the iconic Dubai International Convention and Exhibition Centre, its 18th edition hosted more than 350 exhibitors from 60 countries.…
INDIA’S NOIDA AIRPORT CONSTRUCTION PREPARATIONS MOVE AHEAD
INDIA’S ministry of civil aviation has said that progress is being made to build Noida International Greenfield Airport, in Uttar Pradesh, which will serve Noida, Faridabad, Ghaziabad, Gurugram and tourist centre Agra. The ministry approved the airport site last July (2017), with the Yamuna Expressway Industrial Development Authority (YEIDA) being appointed as the state government agency responsible for the project last October.…
BANGALORE AIRPORT DEVELOPS MAJOR EXPANSION AND TECH INSTALLATION PLANS
INDIA’S information technology hub of Bengaluru (Bangalore) is equipping its Kempegowda International Airport with a new biometric-based passenger authentication system while undertaking a major expansion with a new terminal and a second runway.
The security check will utilise India’s nationwide unique ID ‘Aadhaar’ database, which has collected finger prints and iris scans from almost all the country’s adult population – more than 1 billion people, and which already authenticates bank accounts and telephone subscribers.…
GROWING WAVE OF DIGITAL TECHNOLOGY IN AMERICA IS ENCOURAGING OPTIMISM IN RESHORING MOVEMENT
A GROWING wave of sophisticated digital technologies and automation is helping the US apparel sector to produce custom-made, locally-manufactured, on-demand clothing, at a scale that some critics thought was never possible.
Atlanta US-based machine vision and Artificial Intelligence start-up SoftWear Automation Inc, which launched autonomous sewing worklines in 2012 after seven years of research – says it has successfully overcome this challenge.…
BIOMETRICS TECH DEVELOPING FAST – BUT WILL IT BE SUFFICIENTLY SECURE, RELIABLE AND USER FRIENDLY?
When Apple Inc released its iPhone X in November 2017, it took about a week until news broke that Vietnamese security firm Bkav cracked the phone’s revolutionary facial recognition security lock, Face ID, with a composite mask of 3D-printed plastic, silicone, makeup and simple paper cut-outs.…
INTERVIEW MOHAMED IRSHAD, HEAD OF GLOBAL INTERNAL AUDIT AMERICAS FOR SCHNEIDER ELECTRIC
Diversity – a theme very close to Mohamed Irshad’s heart – could not be embodied by a more appropriate person than the affable, youthful-looking 34-year-old head of global internal audit – the Americas, at French multinational Schneider Electric. Irshad is an Indian national who was born and raised in Dubai, studied in India, has lived in Paris and is now based in Canada.…
PROPOSED NEW SE ASIAN TRADE DEAL SHOULD BOOST TEXTILE SECTOR – BUT IMPACT WILL BE UNEVEN, SAY EXPERTS
EXPERTS have expressed mixed reactions on how a proposed Regional Comprehensive Economic Partnership (RCEP), now years in the making, could help revive the garment and textile sector in South East Asia.
The 16-member bloc that includes the 10 ASEAN member countries (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam) and six other countries – Australia New Zealand, China, India, Japan and South Korea – have been negotiating the deal since November 2012.…
INNOVATION SHOWCASES THE KEY AS COSMOPROF KEEPS EXPANDING
THE ORGANISERS of Italy’s premier beauty trade fair, Cosmoprof Worldwide Bologna, are claiming a record number of visitors and international buyers attending this year’s 51st edition of the event from March 15-19. Exceeding the 250,000 visitors from last year’s Cosmoprof, attending foreign buyers, distributors and retail representatives grew 11% in 2018, year-on-year.…
PAKISTAN TEXTILE LEADERS SUBMIT BUDGET BID
PAKISTAN’S textile industry has demanded more incentives and concessions from the government in its upcoming 2018-19 budget through lower taxes and electricity bills, and speedy repayment of tax refunds, encouraging growth in the sector.
The All Pakistan Textile Mills Association (APTMA) has dispatched a 30-page bundle of proposals to the government calling for them to be incorporated in the federal budget – likely to be unveiled on April 27.…
INDIA PETROCHEMICALS SET TO ADVANCE – BOOSTING COUNTRY’S ROLE AS O&G IMPORTER
India’s petrochemicals industry is preparing to exploit its growth potential and can benefit from lessons learned in Europe. Indeed, India’s intertwined petrochemicals and refining sectors received a significant endorsement of their future potential in April 2018 in the shape of major foreign investment in what will be one of the world’s biggest integrated sites for these twin purposes.…
KEY NORTH AFRICA PAINT MARKETS STABILISE AFTER YEARS OF INSTABILITY
NORTH Africa is never an easy market in which to do business, and the Arab Spring and its turbulent aftermath has not helped ease trade, but as the paint industry looks to 2018, there is optimism that profits can be made.…
MONEY LAUNDERERS IN NEW ZEALAND ASSOCIATES COOK ISLANDS AND NIUE FACING TOUGHER CONTROLS
The South Pacific’s Cook Islands (population: 11,700) and Niue (population: 1,600), both largely autonomous jurisdictions in free association with New Zealand, have in the past been accused by international AML experts as being tax havens that facilitate money laundering. But reforms indicate that AML/CFT controls are tightening.…
BANGLADESH CLOTHING INDUSTRY SAYS RANA PLAZA ACCIDENT PROMPTED HEALTH AND SAFETY IMPROVEMENTS
FIVE years after the Rana Plaza disaster, Bangladesh’s apparel industry has undergone expensive structural transformation, but a fair price for garment producers remains elusive, industry-insiders and trade unionists say.
The Dhaka-based Envoy Group, which spent between USD2 million and USD2.5 million on a health and safety makeover following the tragedy accepts it was “a turning point in taking the industry to the next level”, said Abdus Salam Murshedy, Envoy’s managing director.…
INDIAN FOOD INDUSTRY ATTACKS GOVERNMENT HEALTH LABELLING PLAN
An Indian government plan to adopt a new food labelling regulation that mandates detailed nutrition information on the front of packaging in a fixed format is being bitterly opposed by the industry.
Subod Jindal, president of All India Food Processors’ Association, in New Delhi, accused the Indian authorities of “damaging the sector”, adding: “They are hell bent on doing it.” …
INDIA’S NOIDA AIRPORT CONSTRUCTION PREPARATIONS MOVE AHEAD
INDIA’S ministry of civil aviation has said that progress is being made to build Noida International Greenfield Airport, in Uttar Pradesh, which will serve Noida, Faridabad, Ghaziabad, Gurugram and tourist centre Agra. The ministry approved the airport site last July (2017), with the Yamuna Expressway Industrial Development Authority (YEIDA) being appointed as the state government agency responsible for the project last October.…
METHANE HYDRATES STORE VAST AMOUNTS OF NATURAL GAS – BUT THEIR EXPLOITATION REMANS UNECONOMIC FOR NOW
International activity to understand and potentially extract natural gas from methane hydrates has intensified since 2010 with the continuation and launch of new research and development (R&D) projects and field production tests offshore and onshore, as shown in a new overview by Carolyn D Ruppel, chief of the gas hydrates project at the United States Geological Survey (USGS).(1)…
INDIA’S KNITWEAR EXPORTERS STRUGGLE WITH CASH FLOW AS GST SUCKS MONEY FROM CURRENT ACCOUNTS
India’s new Goods and Services Tax (GST) system has severely disrupted tax refund payments and duty drawbacks to exporters, leading to higher production costs and a 30% dip in knitwear exports, experts have warned.
Since its adoption in July 2017, the new value added tax system has been criticised for its complexity – with the knitwear sector having to deal with four separate tax brackets – and forcing small business to invest in online accounting infrastructure that they cannot afford and are ill equipped to manage.…
INDIAN FOOD INDUSTRY ASSOCIATION UPSET OVER SCHOOL FOOD CODING PLANS
PROPOSED regulations to introduce traffic light health labelling for food products in Indian schools have infuriated the leader of the country’s processed food industry association. He has warned that the law could force manufacturers to use the system for entire ranges of their products, regardless of where they are sold, including jams, juices, butter, pickles and Indian condiments, as well as basic recipe ingredients such as meat and vegetables.…
US FASHION SECTOR CONCERNED OVER TRUMP’S PLANNED METAL DUTIES
REPRESENTATIVES of the USA fashion and apparel industries, along with most of the country’s business community and Congressional leadership, are voicing concern about President Donald Trump’s March 1 announcement that he intends to impose additional tariffs on all imports of steel and aluminium.…
INDIA’S POULTRY INDUSTRY FEUDS WITH NGOs OVER ANTIBIOTICS
A PUBLIC row has broken out between non-governmental organisations (NGOs) in India and the country’s poultry industry over the vexed issue of the use of antibiotics on Indian farms. The All India Poultry Development and Services Pvt Ltd (AIPDS), an industry body based in southern state of Karnataka has been angered by public statements made by the Mobius Foundation, a New Delhi-based NGO (https://www.facebook.com/Mobiusfoundation/).…
HONG KONG BUDGET INCLUDES SIGNIFICANT PROFIT AND SALARY TAX CUTS
THE HONG Kong financial secretary has proposed a 75% reduction of profits tax, salaries tax and tax under personal assessment for the 2017-18 assessment year, up to Hong Kong dollars HKD30,000 (USD3,820) per case. In his annual budget speech, Paul Chan also proposed widening tax bands, adding one more (HKD150,000 to HKD200,000); adjusting marginal tax rates for salaries tax; introducing a personal disability allowance; increasing basic, additional child allowances, dependent parent/grandparent allowance and additional allowance.…
INDIAN PERFUMERY AND COSMETICS SECTOR BRACES FOR RAW MATERIAL IMPORT CHALLENGES WITH NEW GST HIKES
THE INDIAN perfumery and cosmetics sector is facing increased taxation and shortage of raw material supplies even as it is yet to cope with the functioning of the country’s new Goods and Services Tax (GST).
In the national budget presented on February 1, Indian finance minister Arun Jaitley doubled the customs duties for cosmetic and toiletry preparation products from 10% to 20% “to provide adequate protection to the domestic industry”.…
GOVERNMENT MULLS MORE INCENTIVES FOR PAKISTAN’S TEXTILE SECTOR
PAKISTAN’S government is considering a fresh package of incentives for the country’s exporters, including the key textile and clothing sector, which is particularly interested in the fact officials are examining reducing energy bills. Industry insiders have long argued high energy costs in Pakistan are one of the key factors for increasing production expenses, reducing competitivity and hence overseas sales.…
MALAYSIAN 2018 BUDGET OFFERS HOPE TO COUNTRY’S TEXTILE SECTOR TO BOOST EXPORTS
THE MALAYSIAN textile industry is pinning hopes on a government decision to reintroduce an export-targeted grant to revive the sector’s declining overseas business.
The decision to reintroduce the Market Development Grant, offered to SMEs, was announced during the 2018 national budget unveiled in October 2017.…
BRAZIL LOSES COMMANDING POSITION IN GLOBAL TOBACCO LEAF MARKETS OVER PAST 10 YEARS, WTO DATA SHOWS
THE IMPORTANCE of Brazil as the world’s top supplier of internationally-traded tobacco leaf and manufactured products has been waning for the past decade, with India, notably, improving its position. New statistical analysis released by the World Trade Organisation (WTO) shows that this market share fall for Brazil also represented a decline in volume sales, given the global trade in tobacco leaf and products has shrunk since 2013 – until 2016, the year for which the latest data is available.…
SAUDI ARABIA’S PUSHES FORWARD WITH NUCLEAR POWER PLANS
Saudi Arabia is pushing ahead with ambitious plans to build 16 nuclear reactors, both small and large, to generate 17GWe by 2040. While no tenders have yet been awarded, the kingdom is working with numerous international partners to develop its nuclear infrastructure and safety systems.…
INDIA SET TO INSTALL A DOZEN INDIA-DESIGNED NUCLEAR REACTORS BUT SHOPS ABROAD FOR FUEL
INDIA’S 12 newly sanctioned nuclear reactors with 9,000-megawatt (MW) capacity may use imported fuel, but most of the equipment will be made in India, government officials have told Fuel Cycle Week.
“We will see what is the maximum [amount of fuel] we can get from within the country and then what will be the external input of fuel,” Malur Ramaswamy Srinivasan, member of India’s Atomic Energy Commission, told Fuel Cycle Week.…
DELTA GALIL - INNOVATION IS THE NAME OF THE GAME, SAYS CEO
IF there is a quality that gives many Israeli companies an edge internationally, it is innovation. And this trait can certainly be said to run through the work of Israeli apparel major Delta Galil, based in Caesarea, northern Israel.
“We could not succeed if we were not innovative” said Isaac Dabah, the company’s CEO of Delta Galil, in an exclusive interview with just-style, held at his office.…
SUITS OFFER PROMISE AS BANGLADESH APPAREL EXPORTERS CHASE BIG TARGET
With China losing its sheen as a low-cost manufacturing heartland, Bangladesh’s clothing exporters are tapping into this opportunity by diversifying into another new higher margin segment — suits.
Senior executives and analysts told just-style how potential larger profits are drawing in major manufacturers, who are now confronting the challenges of building technical knowhow, recruiting skilled labour and attracting global buyers available. …
OECD SUPPLY CHAIN GUIDANCE MOVES TOWARDS IMPLEMENTATION
CLOTHING and textile companies are grappling with new good practice guidance in supply chain management that was released by the Organisation for Economic Development & Cooperation (OECD) last May (2017). An OECD Forum on Due Diligence in the Garment and Footwear Sector was staged in Paris last month (January 30-31), attended by governments, businesses, trade unions and non-governmental organisations (NGOs) working within or having an impact on the apparel sector.…
INDIA’S RISE TO BECOME TOP BOVINE MEAT EXPORTER KEY FEATURE OF NEW WTO EXPORT SALES DATA
MAJOR shifts in the power of exporting countries within the meat and livestock sector in the past decade have been identified in new statistical analysis released by the World Trade Organisation (WTO). The global body has noted how India between 2006 and 2016 became a bovine meat export power house (notably in buffalo meat) with overseas sales rising from 79,400 tonnes (1.9% of world exports) to 1.2 million tonnes (18.7%) and the world’s largest exporter to boot.…
USD1.77 BILLION INDIAN BANK FRAUD POINTS TO SUPERVISORY FAILINGS
LEADING Indian bank, the Punjab National Bank (PNB), has been embroiled in a USD1.77 billion fraud scandal that has highlighted oversight failings by the country’s central bank, the Reserve Bank of India (RBI). The scandal linked to Indian jewelry billionaire Nirav Modi took place at just one Mumbai branch of the state-owned PNB, involved fraudulent transactions between 2011 and 2017, using the international bank transfer system, SWIFT.…
DEMAND FOR INNOVATIVE AERONAUTICAL TEXTILES DRIVEN BY LIGHTWEIGHTING DEMAND TO REDUCE CARBON EMISSIONS
THE FUTURE of materials in this carbon-averse world is all about lightweighting. But quality and safety must be maintained. Nowhere is this truer than with the aerospace textiles segment, where durability, toughness and flexibility is allied with low weights, of importance when civil aviation operators are under pressure to reduce carbon dioxide emissions.…
NEW TAX A DAMPENER ON MIDDLE EAST PERSONAL CARE PRODUCT SALES
CONSUMERS do not like sales tax, and they are particularly sensitive to tax-based price increases when new taxes are introduced. So, it is maybe no surprise that personal care product sales in the Middle East have been dampened by the introduction of value added tax (VAT) in both Saudi Arabia and the United Arab Emirates (UAE) in January 2018, inflating beauty product prices.…
BENELUX COSMETICS MARKET STILL STRONG BUT SALES CHANNELS ARE SHIFTING, SAY EXPERTS
SALES of cosmetics and toiletries in the Benelux countries (Belgium, the Netherlands and Luxembourg) may be steady, but these developed markets are shifting amid growing diversity in distribution. Products are increasingly bought online and in non-traditional channels such as budget, lifestyle and fashion stores.…
PAKISTAN TEXTILE INDUSTRY DEMANDS EARLY DISBURSEMENT OF INCENTIVES PACKAGE
PAKISTAN’S textile exporters have urged their government to speed up and
enhance a tax incentives package if they are to kick
start the country’s ailing textile sector.
The government has rolled out a series of incentives over the past year, including the abolition of a 4% customs duty and 5% sales tax imposed on import of raw cotton announced on January 5 (in force on January 8), meeting a long-standing demand of the textile sector. …
BIRLA CELLULOSE DELVES INSIDE CONSUMER EMOTIONS TO DEVELOP LIVA TREND VISION FOR SS2019 COLLECTION
Birla Cellulose’s LIVA Spring Summer 2019 collection, to be showcased at the Première Vision Paris show on February 13-15 this year, is high on innovations in weaves and knits that create a unique tactile feel that is luxurious and opulent, while also being lightweight.…
SPECIALIST CHEMICALS SECTOR IS GLOBAL GROWTH AREA, AS DEMAND FOR SMART MATERIALS GROWS
THE GLOBAL speciality chemical market has been showing steady gains over the past few years and is set to continue in its growth trajectory, according to latest data. According to data from Pune, India-based global research company Allied Market Research, the global industry was worth USD175.4 billion in 2014 and has since shown promising growth to USD184 billion in 2015, USD193 billion in 2016 and USD202.5 billion in 2017.…
INDIA’S RELIANCE INDUSTRIES LAUNCHES MAJOR REFINERY OFF-GAS CRACKER COMPLEX
India’s Reliance Industries (RIL) has launched operations of what it claims to be the world’s largest refinery off-gas cracker complex, at its integrated refinery-petrochemicals facility at Jamnagar, Gujarat. With a capacity of 1.5 million tonnes per annum (MMTPA), the unit will make ethylene to be used in downstream plants to produce mono-ethylene glycol (MEG) and polyethylene (PE).…
PATANJALI PONDERS FOREIGN INVESTMENT OFFERS – BUT EXPERTS SAY IT NEEDS TO PROTECT ITS INDIA-FOCUSED BRAND
INDIA’S fast-growing consumer goods company Patanjali Ayurved has confirmed to just-food that it is considering a foreign investment offers of USD800 million by French luxury group LVMH, but stresses it is not the only foreign investment offer it has received.
Patanjali spokesperson S K Tijarawala explained to just-food how such foreign inputs meshed with its overall strategy of developing and selling products that are based on Hindu traditions such as Ayurvedic lines.…
INDIA’S FOOD SECTOR LOOKS TO HEALTH AND WELLNESS TRENDS TO BOOST BRANDED SALES
HOW will the Indian food industry evolve in the next decade? If the last decade was about India opening up to the global palate, the next decade is definitely about health and wellness, industry executives said at the India Food Forum 2018, held at Mumbai from January 17 to 19.…
OLIVER MIRZA, CEO DR OETKER INDIA, SAYS HIS COMPANY WILL MAINTAIN STRATEGY OF PROMOTING ENJOYABLE FOOD
High on the agenda of Dr Oetker India managing director and chief executive officer Oliver Mirza is making India a major production hub, not just for manufacturing packaged foods scoring sales in India’s growing markets, but also for exports.
In a wide-ranging interview with just-food on the sidelines of the India Food Forum, staged in Mumbai last month (January 17-19), Mirza said that by 2020, Dr Oetker India was targeting sales of Indian Rupees INR10 billion (USD155 million) of which its sub-brand FunFoods will account for INR5 billion (USD 77.50 million).…
KABUL ONE-STOP SHOP UNITES AIR CARGO PROCEDURES
A ONE-stop shop has been opened, integrating controls for air cargo routed through Kabul’s Hamid Karzai International Airport, Afghanistan. The goal is simplifying complex customs procedures hampering the export of goods by air. The unit will integrate administration required by the Afghanistan customs department; the ministries of finance; information and culture; mines and petroleum; public health; agriculture, irrigation, and livestock; and the Afghanistan National Standards Authority.…
INDIA PUSHES AHEAD WITH BUILDING A STRING OF GREENFIELD REGIONAL AIRPORTS
THE INDIAN government has said USD4.1 billion needs to be raised to build eight planned greenfield airports. Ashok Gajapathi Raju, India’s civil aviation minister, has told the Indian parliament that these airports, namely Mopa, in Goa; Navi Mumbai (a township near India’s commercial capital) and Sindhudurg, in Maharashtra; Bhogapuram and Dagadarthi, in Andhra Pradesh; Hasan, in Karnataka; Kannur, in Kerala; and Dholera, in Gujarat, would be built through public-private partnerships (PPP) by the respective state governments.…
INDIAN NATIONAL BREED ASSESSMENT AIMS TO BOOST MEAT QUALITY
India has been identifying and registering all livestock breeds in the country, a process that could benefit the local meat industry with increased production and higher quality meat, Global Meat News (GMN) has been told.
“India has an enormous diversity of livestock and at every 200 to 300 km we find a different population of every species,” said Arjava Sharma, director of National Bureau of Animal Genetic Resources (NBAGR) in Karnal, Haryana.…
WESTERN COUNTRIES INTRODUCING DPAS 25 YEARS AFTER USA – BUT CAUTION ABOUNDS IN ROLL-OUT
DEFERRED Prosecution Agreements (DPAs), that allow companies and individuals that admit to wrongdoing and cooperate with investigators to pay a fine and avoid prosecution, are becoming increasingly common worldwide. Enabling wrongdoers to avoid being debarred from bidding for many contracts and providing law enforcers with a commitment that companies and individual fraudsters will avoid fraud in future, DPAs offer benefits for police and suspects.…
INTERNATIONAL TECHNICAL ROUND UP – EU RELEASES TAX EVASION BLACK LIST
*The European Union (EU) Council of Ministers has published a blacklist of jurisdictions it thinks do not cooperate sufficiently with international efforts to reduce tax evasion. They are American Samoa, Bahrain, Barbados, Grenada, Guam, South Korea, Macau, the Marshall Islands, Mongolia, Namibia, Palau, Panama, Saint Lucia, Samoa, Trinidad & Tobago, Tunisia and the United Arab Emirates (UAE).…
CHALLENGES OUTLINED FOR HR TEAMS TO HELP TACKLE WEAK PENSION SCHEMES ACROSS ASIA
THE HUMAN resources sector has been urged to put pressure on governments and investment fund managers in Asia to strengthen pension provisions as they deal with the consequences of rapidly aging populations.
And HR and economics experts have warned that corporate HR teams have a critical role to play in educating the workforce about the extent, however limited, of their pension provision and working with company bosses to strengthen policies within their organisations to compensate for the lack of robust schemes in existence.…
THE FUTURE OF BEAUTY IN SAUDI ARABIA
Saudi Arabia’s efforts to liberalise its society and economy are positively affecting the local beauty market. Ever since the global plunge in oil prices that led to the shrinking of the state’s budget, the kingdom’s government has embarked upon major economic reform.…
EU SUGAR QUOTAS MAY BOOST PRODUCTION IN THE SHORT TERM – BUT LONG-TERM IMPACTS REMAIN UNCLEAR
It has been weeks since quotas limiting European Union (EU) sugar production were scrapped on September 30, and while its impact has yet to become clear, experts agree that EU output will rise, at least in the short term. The EU executive, the European Commission is predicting that EU sugar production will increase 20% in the coming year.…
AS DIGITISATION GROWS THE VULNERABILITY OF COMPANIES TO DATA GRABS BY LAW ENFORCERS WILL INTENSIFY
MAJOR multinational corporations holding large volumes of client data and those offering cloud computing services are facing the risk of increased demands that they share records with regulators and law enforcers. Countries are preparing to ease and expedite data sharing for criminal investigations with foreign law enforcement authorities, and this can affect emerging markets as much as developed economies.…
HYDERABAD AIRPORT IS FIRST IN INDIA TO OFFER RECYCLING CRUSHING MACHINES TO PASSENGERS
RAJIV Gandhi International Airport (RGIA), Hyderabad, has become India’s first airport to install waste recycling machines. In a pilot project, the machines have been installed to crush plastic bottles, steel and aluminium cans, plus plastic bags, said operator GMR Hyderabad International Airport Ltd.…
AFRICAN GOVERNMENTS WAKE UP TO POTENTIAL OF OUTSOURCED CLOTHING BUSINESS
Africa governments are waking up to the fact that the continent could be a ‘new frontier’ for clothing manufacturing sourcing, export associations and manufacturers at Destination Africa, a trade event in Cairo, Egypt, have told just-style.
They stressed that Africa has significant opportunities to divert manufacturing from Asia due to rising production costs, especially in China, and take advantage of the proximity to European markets.…
AFRICAN CLOTHING MANUFACTURERS PROJECT GROWTH AS CHINA LOSES COMPETITIVE ADVANTAGE AS AN OUTSOURCER
African clothing exporting countries are banking on rising costs in China and changing consumption patterns worldwide to attract buyers to the continent to take advantage of lower production costs.
Major hurdles abound, but manufacturers are hopeful that clothing facilities built from scratch that abide by international best practices will help the continent’s apparel sector develop.…
ARVIND LIMITED TO SET UP MODERN APPAREL PLANT IN GUJARAT
India’s denim major Arvind Ltd has signed a memorandum of understanding (MoU) with the government of western Indian state Gujarat enabling the manufacturer to set up a large state-of-the-art apparel unit that should be operational before March 2019.
Kulin Lalbhai, one of the two executive directors of Arvind Ltd, told just-style: “This is an MoU we have signed with…Gujarat to set up a major apparel factory in Dahegam, near Ahmedabad, which, over time, will employ 10,000 people.”…
EGYPT EYES CONTINENT TEXTILE HUB STATUS
EGYPT is trying to develop its upstream textile capabilities to bolster exports and be part of an integrated African continent-wide supply chain, linking its cut-and-sew and quality cotton fibre base. While Egypt exported USD764 million worth of fabric and yarn in 2016 according to the country’s Textile Export Council (TEC), challenges abound regarding Egypt’s efforts to generate more value-added textiles.…
SYNTHETIC TEXTILE PRODUCERS EYE MORE INVESTMENT IN INDONESIA AS DEMAND SOARS
SPECIALITY textile producers in Indonesia are seeking increased investment as demand in the automotive, construction and furnishings sectors is soaring, according to industry experts.
“There’s a lot of demand and more investment is being directed toward that technical textile production,” said Redma Wirawasta, secretary general of the Association of Synthetic Fiber Producers (APSyFI).…
MAURITIAN TEXTILE SECTOR AT CROSSROADS FACING FRESH CHALLENGES
THE MAURITIUS textile and clothing industry is facing tough times, with exports falling amidst unfavourable currency shifts. Clothing and textile exports by value to all destinations fell by 9% in 2016, according to the Mauritius Export Association (MEXA), which has noted such sales declines have been happening for the last five years in key export markets.…
HOW KNIT CONCERN IS CEMENTING BANGLADESH’S DIGITAL FUTURE
AFTER introducing digital printing and leading Bangladesh’s knitwear sector by example, the country’s knitting major, the Knit Concern Group, has said it will ramp up its capacity to digitally print 1 million metres of fabric monthly by 2022. Presently, the knitter, based in Narayanganj, near Dhaka, can digitally print 260,000 metres of fabric a month.…
PERSONAL CARE PRODUCT SECTOR GETS AHEAD OF PARIS AGREEMENT CLIMATE DEMANDS, DESPITE TRUMP WITHDRAWAL
Multinationals and suppliers in the personal care product sector are unilaterally implementing measures to reduce their carbon footprint in the wake of the 2015 Paris climate treaty, taking steps to reduce energy use, their impact on forests and cutting water use and pollution.…
INDIA BEAUTY INDUSTRY SUFFERS FROM DEMONETARISATION AND GST, BUT UNDERLYING GROWTH LOOKS SOLID
India’s robust cosmetics and personal care industry, that according to the Indian Beauty & Hygiene Association (IBHA) generated annual sales of USD8 billion in 2016, is facing severe supply chain disruption and the closure of smaller brands. Continuous double digit annual growth registered during the last decade by the industry – noted by figures from the ministry of commerce’s India Brand Equity Foundation (IBEF) – has now been severely disrupted by a series of radical regulatory measures.…
VEGAN MAKEUP BECOMING MAINSTREAM IN THE UAE
THE UNITED Arab Emirates (UAE) has long been a fertile ground for colour cosmetics brands thanks to its large young population (its median age is just over 30) and the presence of image conscious consumers. Despite the pressure of rising costs and fierce competition among brands, the country’s colour cosmetics market experienced moderate growth in 2017 compared to 2016, increasing an estimated 4% in value terms to reach Emirati Dirham AED1.1 billion (USD299.4 million), according to market researcher Euromonitor International.…
SOUTH ASIAN DEMAND FOR PAINTS AND COATINGS GROWS, BUT REGIONAL TRADE STILL NEEDS DEVELOPMENT
THE PAINT and coatings industry in south Asia maybe thriving, but regional trade between countries is not – being restricted to exports of pigments, resins, solvents and additives from India to its neighbouring countries. Pakistan, Bangladesh, Sri Lanka, Nepal, Maldives, Bhutan and Afghanistan, as well as regional giant India, are all members of the South Asian Association for Regional Cooperation (SAARC), but they import most of their paint and coating raw materials.…
JIGNESH SANGHVI – AWARD WINNING GOVERNMENT CFO OF THE UAE’S LARGEST FREE ZONE
IT is a spectacular sight from the top of Dubai’s 68-storey Almas Tower, with the sea on one side and the massive development of Jumeirah Lake Towers (JLT) on the other. For Jignesh Sanghvi, chief financial officer of the Dubai Multi Commodities Centre (DMCC), the panoramic views from the skyscraper are a constant reminder of the magnitude of development the government-sponsored free zone has witnessed over the years.…
PAKISTAN TEXTILE MANUFACTURERS WARN POSSIBLE THAI FREE TRADE DEAL MAY NOT DELIVER MORE SALES
THE PAKISTAN textile industry is worried that a potential trade free trade deal with Thailand, now under discussion, may cause more harm than good to Pakistani manufacturers. Thai and Pakistan government negotiators are preparing for what maybe the final round of talks to forge a free trade agreement (FTA) between these two textile producing countries, with a deal potentially being signed in January.…
ROYAL SEAL OF APPROVAL FOR AUTHENTIC THAI SILK TRADITIONS TO BE UPHELD TO BOOST ECONOMY
THE PRODUCTION of Thai silk is rising fast as demand for this luxury fabric increases worldwide. Thailand is the fourth largest producer of silk in the world, having produced 202,073 tonnes in 2015, as reported by the International Sericultural Commission. Thai silk output has increased from 2011’s 130, 286 tonnes; rising to 2012’s 152,910 tonnes; 159,737 tonnes in 2013; and 178,058 tonnes in 2014.…
PAKISTAN TEXTILE INDUSTRY NOT CONFIDENT ABOUT PROPOSED CHINESE JOINT VENTURES
TEXTILE mill owners in Pakistan have expressed doubts over their government’s apparent enthusiasm to develop joint ventures (JVs) with their Chinese counterparts to boost dwindling export levels.
Pakistan’s textile minister, Pervaiz Malik, said at the 18th Textile Asia International Exhibition in Lahore recently that his government wants JVs with the Chinese textile sector and for his country to become a textile business hub for the Middle East, central and south Asia.…
INDIAN AUTO INDUSTRY GIVEN FAIR WARNING OF GOVERNMENT PUSH FOR E-VEHICLES
THE INDIAN automobile manufacturing industry, which already has an annual output of 25 million vehicles, is bracing itself for a comprehensive switchover to electric vehicles, with the government developing clear policy that it wants combustion engines off the country’s roads.
This push has been grounded in a report from the government’s key think tank NITI Aayog (National Institution for Transforming India), which is headed by Prime Minister Narendra Modi, and hence very influential.…
VIETNAM TEXTILE EXPORTERS LOOK TO ASIA TO BOOST SALES
VIETNAM’S textile and clothing and textile sector is looking to sell more product into Asian markets such as South Korea, Taiwan, Singapore and Japan, while solidifying its traditional export bases like the US and EU, the latest trade data indicates.
Last year, Vietnam exported USD2.28 billion’s worth of clothing and textiles to South Korea – a 7.45% gain compared with 2015, according to Vietnam customs data analysed by the Vietnam Textile and Apparel Association (VITAS). …
INDUSTRIAL GROWTH BOOSTS DEMAND FOR FIRE RETARDANT PAINTS IN BANGLADESH
WHILE there is little doubt that the Asian fire resistant coating market is large – indeed New Jersey-based chemical consultancy Growney Kusumgar, Nerfli & Growny has argued that it is several times larger than that of the USA’s USD100 million-market – marketers can struggle to make sales. …
CONSUMERS’ HUNGER FOR INNOVATION DRIVES AUSTRALIAN PERSONAL CARE PRODUCT GROWTH
THE AUSTRALIAN cosmetic and toiletry retailing market has experienced modest growth amidst fierce competition over the past decade, figures reveal, with a constant stream of new products, many environmentally conscious, maintaining consumer interest in an otherwise saturated market.
According to California-based market research company IBISWorld, more than 18,000 people work in almost 4,000 businesses in the cosmetics industry in Australia, a country of more than 24 million people.…
INTERNATIONAL REGULATORY ROUND UP – BANGLADESH GOVERNMENT MULLS NEW SAFETY SYSTEM
BANGLADESH’S government is considering proposals to establish a new national workplace health and safety system to replace the international Accord on Fire and Building Safety in Bangladesh and the Alliance for Bangladesh Worker Safety, which are due to be wound up next June (2018).…
GROWING GLOBAL WATER SCARCITY MEANS DEMAND FOR NONWOVEN FILTERS IS SET TO RISE
With almost 900 million people around the globe lacking access to safe drinking water and predictions that within less than 10 years, half the world’s population will live in ‘water-stressed’ conditions, the need for cost-effective efficient nonwovens-based filtration has never been greater.…
SINGAPORE’S TALENT SHORTAGES OFFER NEW STRATEGIC ROLE FOR HR DEPARTMENTS, IF THEY CAN BOOST THEIR OWN PERFORMANCE
AS Singapore’s talent shortages begin to impact on business prospects, new opportunities are emerging for HR to play a lead role in aligning workforce planning with business strategy.
A recent report (released August 17) by the talent outsourcing firm KellyOCG, conducted across Singapore, India, Australia and Malaysia, found the majority of senior ‘C-suite’ level executives (61%) expected talent shortages to have a negative impact on their business going forward.…
INDONESIA TEXTILE FACTORIES MUST IMPROVE ITS DESIGNS
INDONESIAN textile factories must improve their production of motif designs and colours to satisfy domestic consumers and boost local sales, said textile retailers at south-east Asia’s busiest garment and textile market in Jakarta’s Tanah Abang district. “We expect producers make more unique textile motifs, so customers will have more choices, which they will like,” said Eryanto, a trader who has been working for about 11 years at the Arjuna Bombay textile shop at Tanah Abang Block A market.…
INDIA CLOTHING EXPORT BOSS HAILS NEW SUSTAINABILITY INITIATIVE
Ashok Rajani said this July’s (2017) launch by AEPC of an Indian Apparel Industry Sustainability Programme (AISA) was important because incorporating sustainability in apparel production systems is no longer a choice but a necessity.
This is not just because of compliance with legislative reforms tightening controls on the environment and pollution, he said, but because of growing awareness among consumers and buyers increasing demand for sustainable products.…
PEN TESTING ESSENTIAL TO PROTECT FINANCIAL DATA AS CLOUD-BASED SYSTEMS BECOME MORE COMMON
WITH hacking an ever-present and growing threat to the security of commercially confidential – and especially financial – information, companies are being encouraged to hold their noses and invest in ethical hacking to secure their financial systems. This is especially the case now that more business is conducted via cloud-based systems.…
OPERATION RENEGADE YIELDS IMPORTANT COUNTERFEITING INTELLIGENCE IN ONGOING GLOBAL STRUGGLE AGAINST FAKES
A MAJOR international anti-counterfeiting action ‘Operation Renegade’ did not just seize more than 70,000 counterfeit auto spare parts, oil and air filters, grills, and fuel pumps, and nearly 600 cylinders of chlorofluorocarbon (CFC) refrigerants, it yielded valuable anti-smuggling and counterfeiting information.…
PUTTING ON A BRAVE FACE – JAPAN’S COATINGS SECTOR INVESTS ABROAD AS DOMESTIC SALES FACE DECLINE
JAPAN’S paint and coatings sector is putting on a positive face and playing up overseas expansion efforts, as well as its traditional strength in innovation, but analysts are concerned about the longer-term outlook for domestic companies.
Sales of paint in Japan came to Japanese Yen JPY 675 billion (USD6.10 billion) in 2016, a marginal increase of around 1% on the previous year’s figure, according to the Japan Paint Manufacturers Association.…
INTERNATIONAL REGULATORY ROUND UP – INDIAN CONFECTIONERY SECTOR GRAPPLES WITH NEW GST
CONFECTIONARY manufacturers in India are having to grapple with their products and ingredients attracting a wide range of tax rates under the country’s new goods and services tax (GST), which started to be levied from July 1.
India’s GST Council, a body representing the central and state governments, has been deciding which goods will be covered by the zero, 5%, 12%, 18% and 28% tax rates allowed under India’s GST legislation. …
SMALL AND HOPING TO BE BEAUTIFULLY FORMED – QATAR’S LOCAL POPULATION FEEDS DOMESTIC COSMETIC SURGERY MARKET
QATAR is a small country, roughly half the size of Wales and with a population of 2.5 million. But what it lacks in demography and geography, it makes up for in spending power – and its significant cosmetic surgery industry is a key beneficiary.…
UAE’S IMAGE-CONSCIOUS SOCIETY KEEPS COSMETIC SERVICE PROVIDERS BUSY
A YOUNG population with high disposable incomes coupled with a booming medical tourism sector has created an ongoing demand for cosmetic procedures in the United Arab Emirates (UAE). Dubai especially dominates this important market, being a global luxury-centric city with world-class medical infrastructure.…
INDIA’S HERITAGE FOODS CHOOSES FRENCH PARTNER FOR MAJOR YOGHURT PLANT
India’s Heritage Foods and France’s Novandie will be investing Indian Rupees INR160 million (USD2.5 million) in building a yoghurt manufacturing facility in Maharashtra as part of a 50-50 joint venture. “The plant would be set up in western region, in the vicinity of Mumbai or Pune and will start production next year (2018),” a company spokesperson told just-food.…
MARICO REVEALS HEALTHY FOOD EXPANSION STRATEGY
India’s consumer goods company Marico Ltd, which markets multigrain flake breakfast cereals, Saffola healthy oat-based snacks and cooking oil, has told just-food how it plans to develop new healthy breakfast, in-between meals and snack lines that fit its wholesome lifestyle branding.…
INDIA CLOTHING EXPORT BOSS HAILS NEW SUSTAINABILITY INITIATIVE
THE CHAIRMAN of India’s Apparel Export Promotion Council (AEPC) has told just-style how a new national sustainability programme will help Indian clothing exporters become more competitive.
Ashok Rajani said this July’s (2017) launch by AEPC of an Indian Apparel Industry Sustainability Programme (AISA) was important because incorporating sustainability in apparel production systems is no longer a choice but a necessity
This is not just because of compliance with legislative reforms tightening controls on the environment and pollution, he said, but because of growing awareness among consumers and buyers increasing demand for sustainable products.…
INCREASING DOMESTIC WEALTH HELPS SPURS ETHIOPIAN KNITWEAR PRODUCTION GROWTH
AS Ethiopia rapidly emerges as a key clothing and textile hub of Africa, the country has been making impressive strides as a knitwear manufacturing and sourcing centre, attracting the attention of global clothing majors.
“International buyers are beginning to buy knitted clothes from Ethiopia including Zara, Tesco, H&M [Hennes & Mauritz] and Decathlon,” said Fassil Tadesse, president of the Ethiopian Textile and Garment Manufacturing Association (ETGAMA).…
SINGAPORE BEST CITY IN WORLD FOR START-UP PROFESSIONALS, SAYS GLOBAL RENTAL ACCOMMODATION SERVICE SURVEY
SINGAPORE has been rated the best city in the world to live for professionals wanting to work in start-ups, according to a survey by furnished apartment web-rental platform Nestpick. The website’s researchers assessed 85 cities, looking at their start-up ecosystems. It assessed average salaries for entry level and experienced positions regarding project management, technology and marketing roles.…
BIRLA RELEASES DETAILS OF UPCOMING 2018/19 AUTUMN WINTER COLLECTION THAT LINKS COMMUNITY AND INDIVIDUALITY
Birla Cellulose, India’s world leading manufacturer of artificial cellulose fibres, has told Twist International how it plans to incorporate new consumer trends and desires linking individualism and community in its autumn and winter 2018/19 collection. It will be showcased at the Première Vision show, at Paris, in September (2017).…
CHINA’S SAIC LOOKS ABROAD TO EXPAND SALES AS DOMESTIC MARKET GROWTH TAILS OFF
CHINESE customers bought 28 million vehicles in 2016, up 7.3% from 2015, which saw a year-on-year growth of 4.7%, according to the China Association of Automobile Manufacturers. However, such sales were largely stimulated by tax incentives released by the Chinese government in 2015 to encourage the sales of low-emission cars.…
RUSSIAN TEXTILE FIRMS START TO HIRE WORKERS FROM ABROAD AS LOCAL LABOUR SHORTAGES LOOM
Amid concerns about a growing shortage of workers in Russia’s textile industry, leading companies are looking to recruit staff from India, China and other emerging market nations.
According to latest data from the Russian ministry of industry and trade, the current vacancy rate across the country’s textile industry is 36%.…
INDIAN LEATHER PRODUCERS FACE NEW REGULATORY THREAT
Leather exporters in the north Indian production hub of Kanpur (in Uttar Pradesh) are facing closure of their tanneries over environmental concerns, even as they are trying to overcome the shortage of raw hides and loss of business to Brazilian companies.…
INDIA POISED TO BE INTERNATIONAL TEXTILE SOURCING HUB, BUT WILL NEED MORE MAN-MADE FIBRES – CONFERENCE TOLD
INDIA’S hopes of capturing more business within the international textile market lay in expanding its man-made fibre (MMF) production, experts suggested at the three-day Textiles India 2017 exhibition that concluded in Gujarat, on July 2. This, combined with innovative product design, improved labour laws, quick delivery systems and drastically improved logistics, could help Indian textile and clothing producers become a more important sourcing hub for the industry worldwide, said speakers at the event.…
EU TO TACKLE G20 OVER TRADE BARRIERS THAT HIT CLOTHING AND TEXTILES SALES
The European Commission will press trading partners at this week’s July 7-8 G20 summit in Hamburg, Germany, to remove unfair obstacles to European Union imports, after a EU report detailed such restrictions, many affecting clothing and textile trades.
Referring to the Commission’s latest annual Report on Trade and Investment Barriers (TIBR), EU trade Commissioner Cecilia Malström warned G20 leaders it was prepared to launch World Trade Organisation cases if necessary: “We are taking action.…
INDIA POISED TO BE INTERNATIONAL TEXTILE SOURCING HUB, BUT WILL NEED MORE MAN-MADE FIBRES – CONFERENCE TOLD
INDIA’S hopes of capturing more business within the international textile market lay in expanding its man-made fibre (MMF) production, experts suggested at the three-day Textiles India 2017 exhibition that concluded in Gujarat, on July 2. This, combined with innovative product design, improved labour laws, quick delivery systems and drastically improved logistics, could help Indian textile and clothing producers become a more important sourcing hub for the industry worldwide, said speakers at the event.…
MALDIVES AIRPORT DEVELOPMENT PLANS WILL SEE NEW RUNWAY SERVE UNUSUAL ISLAND FACILITY
PUBLIC authorities in the south Asian island nation of Maldives are themselves developing the country’s main Ibrahim Nasir International Airport, after a dispute with India’s GMR Group ended in a costly arbitration ruling.
This dated back to 2010 when GMR Male International Airport Ltd (GMIAL), a subsidiary of India’s GMR Infrastructure Ltd, signed a concession agreement with the Maldives government and the Maldives Airport Company Ltd (MACL) to modernise and operate the airport.…
ASIA-PACIFIC GROWTH AND INNOVATION INSPIRES INVESTMENT INTO REGION’S NONWOVENS SECTOR
WITH the Asia-Pacific continuing to be the hub of global industrial growth and also a nexus of technological innovation, the region’s non-wovens sector has been making the most of these benefits, increasing both output and quality.
The Chinese nonwoven fabric sector, for instance, has been growing steadily, with 8-10% year-on-year growth in recent years, surpassing the average growth rate of the country’s entire textile industry.…
EU AND JAPAN AUTO SECTORS WELCOME EUROPEAN-JAPANESE MAJOR TRADE DEAL, ALTHOUGH EUROPEAN CARMAKERS EXPRESS CAUTION
THE TRADE deal announced by the European Union (EU) and Japanese on July 6 that would cut tariffs and harmonise technical regulations has been welcomed by Japan and EU auto-makers – although the Europeans are expressing caution.
Brussels and Tokyo said they had stuck a “political agreement in principle” for an economic partnership agreement, that would phase out vehicle tariffs over seven years and bring regulatory convergence through a special auto annex. …
EU TO TACKLE G20 OVER TRADE BARRIERS THAT HIT CLOTHING AND TEXTILES SALES
The European Commission will press trading partners at this week’s July 7-8 G20 summit in Hamburg, Germany, to remove unfair obstacles to European Union imports, after a EU report detailed such restrictions, many affecting clothing and textile trades.
Referring to the Commission’s latest annual Report on Trade and Investment Barriers (TIBR), EU trade Commissioner Cecilia Malström warned G20 leaders it was prepared to launch World Trade Organisation cases if necessary: “We are taking action.…
GOVERNMENT INCENTIVES PROMOTE FOUR AUTO INVESTMENT PROJECTS IN PAKISTAN
PAKISTAN’S ministry of industries and production has granted Category-A Greenfield investment status to four automobile manufacturing investors to set up manufacturing plants – effectively greenlighting their projects to establish auto-making plants in the country.
Shah Jahan Shah, spokesperson for Pakistan’s ministry of industries and production said he ministry had signed an agreement with these July 17 (2017).…
INDIA TEXTILE 2017 EXPO AIMS TO BOOST DIVERSIFICATION AND BACKWARD LINKAGE CONNECTIONS
ORGANISERS of a major three-day India Textile 2017 exhibition in Gujarat have hoped to use the event to encourage product diversification and better supply chain links within the country’s growing textile sector.
Indian Prime Minister Narendra Modi’s oft quoted maxim – ‘from farm to fibre, fibre to fabric, fabric to fashion and fashion to foreign markets’ – was the guiding principle for the event that concluded in Gujarat’s capital Gandhinagar on July 2.…
INDIAN EXPORTS OF SYNTHETIC TEXTILES TO PAKISTAN START TO GROW AGAIN, RECOVERING FROM PAST SHARP FALL IN TRADE
THE POLITICAL standoff between India and Pakistan may dominate the news headlines but India’s synthetic textiles, yarn and fibre are starting to find an increasing number of Pakistani buyers.
According to Kripabar Baruah, joint director, Synthetic and Rayon Textile Export Promotion Council (SRTEPC), exports to Pakistan that had fallen in 2014-5, and 2015-6, have grown in the current financial year (2016-17).…
RUSSIA AIMS TO CREATE ALUMINIUM OPEC WITH SUPPORT OF GULF PRODUCERS
Russia and three Gulf countries are planning to establish an aluminium industry association whose goal is reducing overproduction in the global market, raising prices for the metal.
Despite the ongoing diplomatic standoff between Qatar and its neighbours, the Russian government says it has already started talks with the governments of Bahrain, the United Arab Emirates (UAE) and Qatar, regarding establishing the new association.…
TRUMP DUMPS PARIS – BUT THE GROWTH OF GREEN ENERGY WILL ROLL ON, ESPECIALLY IN CHINA, SAY EXPERTS
Donald Trump’s decision to pull the USA out of the Paris Climate Treaty has been universally viewed as a setback for moves to decarbonise the world electricity sector. Trump called for a new “fair” deal that would not disadvantage US businesses and workers and claimed that China and India had “no meaningful obligations” placed on them by the deal.…
RUSSIA AIMS TO CREATE ALUMINIUM OPEC WITH SUPPORT OF GULF PRODUCERS
Russia and three Gulf countries are planning to establish an aluminium industry association whose goal is reducing overproduction in the global market, raising prices for the metal.
Despite the ongoing diplomatic standoff between Qatar and its neighbours, the Russian government says it has already started talks with the governments of Bahrain, the United Arab Emirates (UAE) and Qatar, regarding establishing the new association.…
TAIWANESE TEXTILE INVESTMENT IN VIETNAM UNFAZED BY TPP’S FATE
There is no sign that Taiwanese textile investors will rethink their commitment to Vietnam six months after US President Donald Trump pulled America out of the Trans-Pacific Partnership (TPP) trade agreement that would have greatly boosted Vietnamese garment exports to the USA.…
PAKISTAN TEXTILE SECTOR LAUNCHES WORK STOPPAGES AND PROTESTS OVER GOVERNMENT FAILURE TO IMPLEMENT AID PACKAGE
PAKISTAN’S textile industry, including manufacturers of fabric, yarn, and garments, suspended production and organised protests nationwide on June 20, dubbing the protest ‘Black Tuesday’, over the government’s slow implementation of a promised USD1.7 billion relief package for the sector.
The All Pakistan Textile Mills Association (APTMA) organised the day of action, supported by the Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA), All Pakistan Bedsheets And Upholstery Manufacturers Association (APBUMA), the All Pakistan Textile Processing Mills Association (APTPMA), the All Pakistan Cotton Power Looms Association, the Council of Loom Owners Association and other groups. …
BIRLA SPONSORS SUSTAINABLE APPAREL COALITION MEETING DISCUSSING DEVELOPMENT OF GLOBAL SUSTAINABILITY INDEX
Global India-based textile conglomerate the Aditya Birla Group, a world leader in viscose staple fibre, was the ‘platinum sponsor’ of a Sustainable Apparel Coalition (SAC) meeting held in Bengaluru (Bangalore), India from May 22 – 23. This was an important conclave in the California-based SAC, as it approaches a 2020 deadline to develop its Higg Index, a suite of self-assessment tools enabling brands, retailers and manufacturers to measure their environmental, social and labour impact.…
END OF EU INQUIRY AGAINST JAGUAR LAND ROVER'S FACTORY IN SLOVAKIA STILL AWAITED
THE BURGEONING automotive manufacturing sector of central Europe’s Slovakia is paying close attention to an inquiry by the European Union (EU) executive, the European Commission, into how its government supports the sector. The upcoming decision by the Commission, which has powers to ensure national governments do not distort the EU’s single market by subsidising local industrial champions, could have significant implication for the future of Slovakia’s auto sector.…
HONGKONG EXPAT PAY AT FIVE YEAR LOW
IN HONG KONG, the average expatriate pay package for a middle manager has hit a five-year low – having fallen to USD 265,487 in 2016, from USD 270,618 in 2012. And this follows a dramatic increase in the number of workers (including expats) seeking to change jobs this year blaming low pay, industry experts warned quoting two separate surveys.…
INTERNATIONAL REGULATORY ROUND UP – KNITWEAR PRODUCERS FACE NEW GST RATES IN INDIA
THE INDIAN knitwear industry will have to pay a wide range of rates for the incoming Goods and Services Tax (GST) rates when the new tax is introduced from July 1 (2017).
This tax is supposed to simplify how businesses pay sales taxes in India, replacing a series of national, state and local charges, but a national GST Council has set a wide range of rates for knitwear products and inputs.…
TRUMP’S QUITTING PARIS DEAL WILL NOT PREVENT RENEWABLES GROWTH AND CARBON EMISSIONS’ DECLINE, SAY EXPERTS
Donald Trump’s decision to pull the United States out of the 2015 Paris Climate Treaty will not halt moves to cut fossil fuels or reduce decarbonisation requirements on the non-energy minerals sector and other industries, say experts.
Trump called for a new “fair” deal that would not disadvantage US businesses and workers and claimed that China and India had “no meaningful obligations” placed on them by the agreement.…
TEXTILE TRADERS STRIKE OVER UPCOMING GST – DEMANDING EXEMPTION FROM ITS REQUIREMENTS
More than 70,000 synthetic textile traders in the India’s textile hub of Surat, Gujarat, are on five days strike until June 30, to protest against the country’s new Goods and Services Tax (GST) system, which comes into force on July 1.…
INDIA REDUCES GST ON FOOD ITEMS
THE Indian processed food industry has welcomed the government’s decision to reduce the newly announced Goods and Services Tax rates on several food products from 18% to 12%.
Last Sunday (11 June), India’s GST Council – comprising central and state governments – agreed to revise the new tax rates for pickles, chutney, sauces, instant food; mixes; curry paste; mayonnaise and salad dressings; mixed condiments and mixed seasonings bringing it down to 12%.…
INDIA’S LEATHER SECTOR HARMED BY GOVERNMENT CATTLE TRADE RESTRICTIONS
A sudden shortage of leather in India prompted by government religious policies on reducing cattle-related trades is forcing major fashion brands to look for alternative sourcing destinations. Even Indian fashion goods exporters are having to buy costly imports of raw leather to service existing orders.…
INDIAN BAKERY SECTOR MONITORING IMPACT OF READY ROTI/BIMBO DEAL
India’s Ready Roti, makers of Harvest Gold bread, is planning a major expansion with new products following a 65% stake sale to Mexico’s Grupo Bimbo. Rajan Makani, deputy general manager, brands, for Ready Roti in New Delhi told just-food that the deal “will be beneficial for Indian consumers”, with the tie up sparking the launch of “many new products”. …
CHIPITA SAYS REPORTED SLOVAK DEAL IS NOT FOR SURE
Greek savoury snacks specialist company Chipita has refused to confirm or deny reports that it plans to build a new plant for its products in Slovakia. The company told just-food.com that “it is interested in many markets (including Slovakia) and is constantly looking for opportunities.…
EUROPEAN COMMISSION WARNS WINE AND SPIRITS TOP OF 2016 NEW TRADE BARRIER LIST
THE EUROPEAN Commission has reported that wines and spirits were the subject of more new foreign trade barriers to EU exports during 2016 than any other sector. Its ‘2016 trade and investment barriers report’ said there were seven such new restrictions.…
INDIA AWAITS COMPREHENSIVE DRONE REGULATION AS USERS FLOUT EXISTING STRICT RESTRICTIONS
Intrusion by unidentified drones in and around Indian airports has been causing security scares as experts warn of serious threats to approaching or departing aircraft. The risks are an indication of what can happen when regulators try to restrict an air navigation hazard with heavy handed rules.…
INDIA AWAITS COMPREHENSIVE DRONE REGULATION AS USERS FLOUT EXISTING STRICT RESTRICTIONS
Intrusion by unidentified drones in and around Indian airports has been causing security scares as experts warn of serious threats to approaching or departing aircraft. The risks are an indication of what can happen when regulators try to restrict an air navigation hazard with heavy handed rules.…
CONCERNS RAISED BY INDIA FRAUD EXPERTS OVER METHODOLOGIES OF FINANCIAL CRIME SURVEYS
CONCERN has been raised by Indian anti-fraud professionals about the quality of fraud surveys published by major accounting and consultancy firms in their country. Commenting on reports issued by companies such as KPMG, Kroll, E&Y (Ernst & Young) and PwC (PricewaterhouseCoopers), anti-fraud specialists such as Mayur Joshi, director of Indiaforensic Consultancy Services (ICS) in Pune, Maharashtra, claimed that broad statistical conclusions found in such reports were of limited value to anti-fraud managers.…
BREXIT WILL BE TOUGH FOR COSMETICS INDUSTRY, EXPERTS SAY AT COSMETICS EUROPE CONFERENCE
THE UK’s exit from the European Union (EU), scheduled April 1, 2019, will be a real challenge for the European cosmetics industry, John Chave, director-general for EU industry body Cosmetics Europe told Soap Perfumery & Cosmetics in an exclusive interview on the sidelines of the key European Cosmetics Week 2017 event in Brussels.…
ACCOUNTANTS SHOULD BROADEN THEIR SKILLS TO BUILD BUSINESS SUCCESS SAYS IBM MANAGER
ACCOUNTANTS must become trusted business advisers to succeed in big corporations, says ACCA-qualified Sumathi Mohnani, whose 20-year career at IBM has seen her become Global Integration CFO for one of its subsidiaries – Sanovi Technologies.
“You need to understand the business itself – the product or the service that you are selling,” she stressed.…
CHALLENGES OUTLINED FOR HR TEAMS TO HELP TACKLE WEAK PENSION SCHEMES ACROSS ASIA
THE HUMAN resources sector has been urged to put pressure on governments and investment fund managers in Asia to strengthen pension provisions as they deal with the consequences of rapidly aging populations.
And HR and economics experts have warned that corporate HR teams have a critical role to play in educating the workforce about the extent, however limited, of their pension provision and working with company bosses to strengthen policies within their organisations to compensate for the lack of robust schemes in existence.…
INDIA’S GST REGIME UNFAIRLY DISCRIMINATES AGAINST BRANDED FOOD MANUFACTURERS SAY EXPERTS
With the nationwide tax being levied from July 1, the announcement of a wide variety of rates by India’s GST Council last week has caused concern. This is ironic given that a key aim of the reform was to streamline sales taxes – until now a patchwork of national, state and municipal charges.…
INDIA CREATES UNRULY PASSENGER BLACKLIST
THE INDIAN government has announced it is setting up a no-fly list of unruly passengers, based on reports from domestic airlines. The action by the ministry of civil aviation follows reports between last July (2016) and February (2017) of 53 unruly passenger behaviour incidents on flights within India.…
INNOVATIVE MALAYSIAN COMPANY BRIDGES DIGITAL GAP IN CONVENTIONAL GARMENT MAKING
BRIDGING the digital divide in a largely conventional and labour- intensive industry such as garment and textile manufacturing is often a challenge. But Malaysia’s G.PRO Technologies – an arm of Apparel Alliance Sdn Bhd – is re-defining shop flow operations in the apparel business with its innovative software and hardware – helping the industry transition towards digitalisation. …
INDONESIA SHOULD CREATE NEW LIVESTOCK ZONES TO REALISE BEEF CATTLE SELF-SUFFICIENCY GOAL
THE INDONESIAN government needs to establish new livestock production zones as it proactively tries to boost the country’s national meat production and consumption through encouraging the import of livestock, and temporarily of frozen beef, the country’s executive director of the Indonesian Meat Importers Association has said.…
EY SURVEY SAYS GENERATION Y EMPLOYEES THINK GRAFT IS GOOD
AN EY business fraud survey covering Europe, the Middle East, India and Africa (EMEIA) has shown an alarming 73% of younger corporate employees aged 25-34 think “unethical action is justified to help businesses survive.”
Jim McCurry, the accounting network’s EMEIA head of fraud investigation & dispute services noted: “Our survey found relaxed attitudes towards unethical behaviours and high levels of mistrust among colleagues are common characteristics in today’s workforce, particularly among younger generations.”…
BANKS’ ANTI-FRAUD MEASURES CAN IMPACT CUSTOMERS NEGATIVELY – THE INDIAN CASE
INDIA’S financial sector has been taking increasingly strong measures to fight against banking fraud, but tough anti-fraud measures adopted by Indian banks can upset customers, reducing business and obstruct government plans to popularise banking services.
The Bank of India, a government-owned commercial bank, for instance, now blocks all withdrawals from an account that has not recorded a transaction for three months.…
PLANNED SOUTH AFRICAN AUDIT FIRM ROTATION SPARKS DISCORD AMONG ACCOUNTS
THE PLANNED introduction of mandatory audit firm rotation (MAFR) by the South African Independent Regulatory Board for Auditors (IRBA) has sparked widespread dissention within the country’s business and accounting communities This is despite that the reform’s goal is to strengthen auditor independence and audit quality and that there are some calls for the move to be brought forward from the current introduction date of April 1, 2023.…
ASIA REGULATORY ROUND UP – MALAYSIA LAUNCHES NEW CORPORATE GOVERNANCE CODE
Securities Commission Malaysia (SC) has released a new Malaysian Code on Corporate Governance (MCCG). This revised guidance encourages the development of corporate governance culture, not just within listed companies, but also state-owned enterprises, small-and-medium sized enterprises (SMEs) and licensed intermediaries. This code includes 36 practices to support strong board leadership; effective audit, risk management, and internal controls; and solid corporate reporting.…
INDONESIAN GOVERNMENT MUST DO MORE TO FIGHT DAMAGING ILLICIT IMPORTS OF TEXTILE PRODUCTS, SAYS INDUSTRY
THE INDONESIAN government must do better in controlling illegal imports of textile and textile products, Anies Soengkar, chairman of the Indonesian Textile Association (API – Asosiasi Pertekstilan Indonesia) branch Pekalongan, Central Java told WTiN.com.
This representative of a key textile production zone in Indonesia said that illicit imports are entering the country for distribution by door-to-door delivery networks.…
VIETNAM WORKS TO BOOST PARTS PRODUCTION TO STRENGTHEN OVERALL AUTO SECTOR – BUT IS IT TOO LATE?
VIETNAM is working hard to develop an upstream parts manufacturing base, but this goal is proving hard to achieve and meanwhile, regional liberalization through the Association of Southeast Asian Nations (ASEAN) is threatening the country’s auto assembly segment.
In many ways, it is crunch time for Vietnam’s auto sector.…
INDIA COAL BED METHANE FIELD LAUNCHES
INDIA’s Reliance Industries Ltd has commenced commercial production from a coal bed methane block SP(West)–CBM–2001/1 in Sohagpur, Madhya Pradesh. Gas has been flowing since March 24 and is supplying methane to the 302 km Shahdol Phulpur pipeline that links the field to wider Indian gas networks.…
INTERNATIONAL REGULATORY ROUND UP – EU DOUBLE TAXATION SYSTEM RELEASED
EU MINISTERS APPROVE DOUBLE TAXATION REDUCTION SYSTEM
THE EUROPEAN Union (EU) Council of Ministers has agreed a directive insisting that member states establish an effective system for resolving EU double taxation disputes. The system requires dispute resolution mechanisms to be mandatory and binding, with clear time limits.…
MALAYSIA NEEDS TO BOOST TRAINING FOCUS IF IT WANTS TO EMPLOY FEWER EXPATS, SAY EXPERTS
MALAYSIAN Prime Minister Najib Razak used his Labour Day (May 1) speech to send a key message to employers: prioritise locals over foreigners when recruiting. In a country with 200,000 unemployed graduates as of last year, the PM’s call could be justified – although a lot needs to be done in reskilling locals, experts argue.…
AMUL EXPANSION WILL BOOST MAJOR’S CAPACITY FOR ADDED VALUE PRODUCTS SAYS MD
India’s largest milk producer Amul has said it will be investing USD400 million in creating new production capacity over the next three years, just-food has been told. “We are putting new dairy plants in Gandhinagar, Himatnagar [both in Gujarat], Kolkata and Mumbai,” Rupinder Singh Sodhi, managing director of Gujarat Cooperative Milk Marketing Federation (GCMMF), which owns the Amul brand, told just-food.…
INDIA’S PARLE LAUNCHES NEW MODERN PRODUCT BRANDING CATEGORY
India’s confectionery and chocolate manufacturer Parle Products Pvt Ltd has created a sub-brand ‘Platina’ for its premium, modern and more internationally-oriented products. The shift has come as Parle is planning to stress its 90-years-old company name for branding, focusing on its core brand’s stress on tradition and heritage.…
FSSAI SET TO RELEASE FORTIFICATION STANDARDS FOR PACKAGED FOODS
The Food Safety and Standard Authority of India (FSSAI) will announce draft standards for fortifying packaged food “within next few weeks” in which bread, pasta and cereal are “likely candidates,” its CEO Pawan Agarwal has told just-food.
The FSSAI’s scientific panel on nutrition and fortification is drafting the standards he said, which would be official, but voluntary.…
INDIA’S PERFUME MARKET EXPANDS AND DIVERSIFIES AS SEGMENT MATURES
INDIA’S perfumery market is expanding with fast growing demand, easier availability of top brands and greater choice of products across the price range. According to market researcher Euromonitor International, the country’s overall fragrance market registered annual sales of USD298 million in 2016 and is projected to grow at an annual rate of 13.7% in next five year as the country’s USD2 trillion economy continues to grow at more 7% annually.…
BIKANERVALA FOODS CONFIRMS EQUITY TALKS – BUT NO SALE DECISION MADE YET, SAYS DIRECTOR
India’s snacks and confectionery manufacturer Bikanervala Foods has confirmed to just-food that it is holding discussions about partial sale of an equity stake, but a final decision has yet to be made, said an executive. Manish Aggarwal, director of Bikanervala Foods in New Delhi told just-food: “We certainly meet them [potential investors] as they are from the industry, but we have not told anyone that we are ready to sell.” …
TRUMP TRADE POLICY IS WILDCARD AS NORTH AMERICA FACES GROWING MARKETS FOR TECHNICAL TEXTILES – AT HOME AND ABROAD
Political uncertainty over US trade deals sparked by the ascension of President Donald Trump to power should be eased to avoid stifling innovation in the country’s technical textiles industry which could see it marginalised on the world stage, insiders have warned.…
COSMETICS INDUSTRY EYES WTO RULING ON INDONESIA’S APPEAL AGAINST EU FATTY ALCOHOL DUTIES
EUROPEAN Union (EU) cosmetics and soaps companies are awaiting with interest the results of the World Trade Organisation (WTO)’s appellate body’s decision on Indonesia’s claim that the EU’s anti-dumping duties have been unfairly placed on imported fatty alcohols from the south-east Asian economic giant.…
GREENWASHING THREATENS BOOMING NATURAL AND ORGANIC COSMETICS MARKET IN ASIA
A STAGGERING 62% of Asia-Pacific consumers (including China and India) buy natural and organic cosmetics and another promising 32% are keen to buy them – making the region a hotspot for manufacturers of such lines. But this impressive growth also has made the region a perfect breeding ground for greenwashing, experts warned.…
FRAGRANCE SALES GROW SLOWLY IN CHINA – BUT INNOVATIVE LOCAL BRANDS BEGIN TO EMERGE
SALES of personal fragrance products maybe on the rise among the 1.4 billion people market of mainland China, but thus far, growth is still almost solely attributable to millennials residing in the big cities, market researchers say.
Retail sales of personal perfume products grew by 8.9% in the whole of 2016 from the previous year to just Chinese Yuan Renminbi CNY6.1 billion (USD885 million), with the competitive landscape remaining firmly in the hand of foreign players, according to market researcher Euromonitor International.…
INDIA’S PERFUME MARKET EXPANDS AND DIVERSIFIES AS SEGMENT MATURES
India’s perfumery market is expanding with fast growing demand, easier availability of top brands and greater choice of products across the price range. According to market researcher Euromonitor International, the country’s overall fragrance market registered annual sales of USD298 million in 2016 and is projected to grow at an annual rate of 13.7% in next five year as the country’s USD2 trillion economy continues to grow at more 7% annually.…
TEXPROCIL HAILS MAJOR INDIAN TEXTILE EXPO SHOW AS OPPORTUNITY TO SHOW COTTON TEXTILE SECTOR’S TALENT
INDIA’S Cotton Textiles Export Promotion Council (TEXPROCIL), one of the oldest textile export promotion councils in India, is looking forward to an Indian-government promoted major conference and exhibition ‘Textiles India – 2017’, in Gandhinagar, Gujarat, from June 30 to July 2.…
TEXPROCIL HAILS MAJOR INDIAN TEXTILE EXPO SHOW AS OPPORTUNITY TO SHOW COTTON TEXTILE SECTOR’S TALENT
INDIA’S Cotton Textiles Export Promotion Council (TEXPROCIL), one of the oldest textile export promotion councils in India, is looking forward to an Indian-government promoted major conference and exhibition ‘Textiles India – 2017’, in Gandhinagar, Gujarat, from June 30 to July 2.…
BANGLADESH INVESTS IN LNG IMPORT PROCESSING AS NATIONAL GAS OUTPUT PEAKS
Facing a decline in its natural gas production, Bangladesh is diversifying supplies by building its first liquefied natural gas (LNG) terminal—a floating storage and re-gasification unit (FSRU) on southeastern Moheshkhali Island, near Chittagong. The project is being guided by US-based LNG regasification specialist Excelerate Energy, with the facility designed to handle up to 700mcfd (million cubic feet per day) from next year (2018).…
MALAYSIA ASKS INDIA TO HELP DEVELOP HUMAN RESOURCES
THE MALAYSIAN government has secured help from India to improve the quality and employability of its workforce, as it seems to ensure 35% of its workers are skilled workers by 2020 – a key government target.
A memorandum of understanding (MoU) was signed earlier this month (April 1) between the Entrepreneurship Development Institute of India (EDII) and Malaysia’s Pembangunan Sumber Manusia Berhad (PSMB), an arm of Human Resource Development Fund under Malaysia’s ministry of human resources.…
REGULATORS START TO DEVELOP COMPREHENSIVE CONTROLS FOR VIRTUAL CURRENCIES
With the value of Bitcoin skyrocketing over the past year, up from USD525 per Bitcoin last August to USD1,200 in mid-April, with one unit now being able to buy an ounce of gold, finding ways to efficiently regulate decentralised and independent virtual currencies (VCs) has become a top priority among governments and regulators worldwide.…
EUROPEAN WIPES MARKET COMPLEX – WITH GROWTH AND DECLINE AS ENVIRONMENTAL CONCERNS GROW
THE EUROPEAN wipes market is a complex affair. This is a varied segment, in itself, but wipe use varies between countries with contrasting consumer cultures – meaning that in some states, wipes sales are increasing; in others decreasing; and in others, the kinds of wipes being sold is changing.…
DIAMOND INDUSTRY REMAINS TOUGH SECTOR FOR MONEY LAUNDERING CONTROLS
THE DIAMOND trade is still one of money launderers’ best friends due the precious stone’s high value to mass ratio, akin to the highest value banknotes that can be obtained. Indeed, it is maybe harder to trace diamonds than numbered banknotes, there is no reliable means by which the point of origin of a particular diamond can be ascertained just by examining it.…
UNICEF WELCOMES NEW THAI INFANT FORMULA MARKETING RESTRICTIONS
An announcement of a new law that will control marketing promotions of food for infants and toddlers in the Royal Gazette of Thailand is expected soon, then to become effective in 60 days, UNICEF Thailand has confirmed to just-food.
His follows the kingdom’s National Legislative Assembly had voting unanimously on April 5 to enact the Control of Marketing of Infant and Young Child Food Act.…
SOUTHERN INDIA FOOD MAJOR CONFIRMS GERMAN YOGHURT JOINT VENTURE PLAN
Hyderabad-based Heritage Foods plans to launch a German yogurt brand in India, the company has confirmed to just-food. “[Joint venture] negotiations are in an advance stage and [the formal] announcement will happen after one or one and a half months,” said a company spokesperson.…
SOUTH INDIA’S HERITAGE FOODS CONFIRMS PUSH INTO NORTH INDIAN DAIRY MARKETS
South India’s Heritage Foods today announced its entry into north Indian dairy market by setting up ofive new production units for procuring and processing of 2.8 million litres of fresh milk every day, just-food has been told. The new units will be situated in Ludhiana in Punjab; Kaladera near Jaipur, Rajasthan; Murana near Agra, Uttar Prade two in Haryana state, at Rai and Kundli.…
VW CLOSE TO PAKISTAN TRUCK AND VAN ASSEMBLY DEAL, CLAIMS GOVERNMENT AGENCY
THE CHIEF executive of a major Pakistan government economic development agency has told wardsauto that Volkswagen has made significant progress in talks to establish new manufacturing production in this key south Asian market’s port city of Karachi. The latest fruit of the business-friendly policies pursued by Prime Minister Nawaz Sharif, “Volkswagen Commercial Vehicles is in final talks with Premier Systems Private Limited – the authorised importer of Audi vehicles in the country – to set up a manufacturing/assembly plant for its Amarok and T6 (transporter range) models and Volkswagen,” Tariq Ejaz Chaudhary, CEO of Pakistan’s Engineering Development Board told wardsauto.…
CAMBODIA’S PROSPECTS AS A TEXTILE PURCHASER IN 2017 ARE UNCLEAR SAYS INDUSTRY BOSS
Cambodia’s garment industry is in a curious situation, with statistics indicating that export earnings from this key Asian fabric and yarn buyer are on the rise, despite evidence that overseas sales should actually be falling. According to one industry insider, this makes it difficult to project how the Cambodian clothing sector will perform in 2017 and hence how much it will spend on supplies.…
OIL PRICES AFFECTING DEMAND FOR SPECIALIST COATINGS IN MENA AREA
DEMAND for coatings for the Middle East’s oil and gas sector has been sluggish in the wake of lower energy prices. New infrastructure projects and maintenance is ongoing, but with government and national oil companies’ (NOCs) budgets getting tighter, so is the demand for innovative coating solutions.…
BANGLADESHI MAYBE BREAKING TIGHT MONEY EXPORT CONTROLS TO TAKE ADVANTAGE OF MALAYSIA SECOND HOME RESIDENCE SCHEME
A MALAYSIAN government scheme encouraging foreign investors to buy property in Malaysia may have led to thousands of Bangladeshis breaching their country’s strict capital control restrictions.
A total of 3,493 Bangladeshis has participated in the Malaysia My Second Home (MM2H) long-term residency programme since 2003, according to statistics updated in December (2016) – 10.7% of all investors taking part worldwide.…
NONWOVENS FINISHERS COMBINING COLOURING AESTHETICS WITH SUSTAINABILITY
AN APPRECIATION of interior design along with environmental concerns appear to be driving innovation when it comes to the colouring of nonwovens.
Often used in functional or ‘behind the scenes’ capacities in industrial applications, colour is not always top of the list when consideration is given to nonwovens finishing processes.…
MEAT SELLERS
Meat sellers in India’s most populous state of Uttar Pradesh are on indefinite strike to protest the new Hindu nationalist state government’s forced closure of slaughterhouses and meat shops. Traders allege the government action specifically targets Uttar Pradesh’s minority Muslim community.…
MEPs SAY COMMISSION MUST SET RULES ON DUE DILIGENCE FOR THE TEXTILE INDUSTRY
THE EUROPEAN Commission should bring forward legislation to enhance due diligence for supply chains in the garment sector, the European Parliament’s development committee said yesterday (March 21). MEPs backed a report by Spanish MEP Lola Sánchez Caldentey from the European United Left/Nordic Green Left (GUE/NGL) group which asked the Commission to propose a European Union (EU) law saying a binding reporting system should generate data linking each product to its respective producers.…
PAKISTAN’S KNITWEAR INDUSTRY SUFFERING FROM GOVERNMENT INACTION
PAKISTAN knitwear manufacturers and exporters say the country’s knitwear industry is passing through difficult times, with export sales becoming tougher to secure through growing input costs and a continued failure of the government to implement a much-vaunted and recently-announced bailout package.…
PATANJALI PLOTS EXPORT PUSH TO CHINA, BANGLADESH AND AFRICA
INDIA’S fast growing consumer goods company Patanjali Ayurved is launching a major international expansion initiative with plans to export products to China, Bangladesh and some African countries, just-food has been told.
“We presume [that] there is a great potential for our herbal products [in those countries], so we are intensifying our efforts to make it available at large,” a spokesperson from the Uttarakhand-based company told just-food.…
INDIAN FOOD SECTOR CALLS FOR CAUTION AS GOVERNMENT MULLS NEW HEALTH LABELLING RULES
THE INDIAN food processing industry has called on the central government to be cautious as it considers potential regulations forcing food labels to highlight potentially unhealthy product content.
An official from the Food Safety and Standards Authority of India (FSSAI) in New Delhi told just-food that new label rules were under discussion, although these consultations were at an early stage.…
INDIAN GOVERNMENT REMOVES RESTRICTIONS ON ORGANIC FOOD EXPORTS
The Indian government has announced it is removing restrictions on exports of organic agriculture products to increase its international market share and boost output within this segment. The changes will come into effect by April 14. “The government is supporting the farmers and exporters to tap huge opportunity that exists within the country and abroad for organic agriculture products,” said a statement from the central government cabinet economic affairs committee on Friday (March 31).…
INDIAN GOVERNMENT RELEASES NEW DELHI AIRPORT EXPANSION PLAN
THE INDIAN government has released a new updated master plan for expanding Indira Gandhi International Airport (IGIA), in New Delhi. It includes building a new fourth runway, a new terminal and expanding existing terminals 1 and 3. “The updated master plan envisages expansion of passenger handling capacity of IGIA from existing 62 million passengers per annum [mppa] to 109.3 million” in three phases between 2017 and 2034, said Jayant Sinha, civil aviation minister.…
TI SAYS ONE IN FOUR HAVE PAID BRIBES IN ASIA-PACIFIC COUNTRIES
Around one-in-four people in Asia-Pacific countries are estimated to have paid bribes to access public services, according to the latest survey of 22,000 people across the region from Transparency International. Published March 7 ‘People and Corruption: Asia Pacific Survey 2017’ reveals approximately 900 million people living in 16 countries in Asia Pacific have paid these bribes, with the poorest being hardest hit – some 38% of this group admitted to paying a bribe, rising to 73% in India.…
TECHNICAL TEXTILE DEVELOPMENT FAST-TRACKED BY PROACTIVE ASIAN GOVERNMENTS
ASIA’S technical textiles sectors continue to grow, fuelled by ready buyers in domestic and overseas markets, but governments can and do help too – keen to promote these sustainable high tech industries.
China is a case in point. Its industry and information technology ministry plus the National Development and Reform Commission in January (2017) jointly issued development guidance for technical textiles as part of China’s 13th Five-Year Plan, which runs from 2016-20.…
SOLAR COOKERS OFFER HIGHER LIVING STANDARDS FOR THE POOR AND MAJOR EMISSION REDUCTIONS
SOLAR power of course draws on a free renewable energy to create electricity, but a burgeoning sector is enabling the harnessing of heat for cooking, which can promote energy efficiency in all manner of climates – solar cookers.
Indian solar cooker innovator Deepak Gadhia and Julie Greene, executive director, Solar Cookers International (SCI), co-chaired a 6th SCI World Conference held in Gujarat, India, this January, that demonstrated how these technologies are entering the mainstream.…
AIRLESS PACKAGING INNOVATIONS AIM TO REDUCE COST AND CATCH CONSUMERS DESIRES FOR SUSTAINABILITY
THE USE of airless technology in packaging is largely about zero product waste, preserving product integrity and less packaging material – and it obviously gels well with the growing trend towards sustainability. That explains the uptake in this technology led by cosmetics packaging, industry experts argue.…
MIDDLE EAST AND AFRICA FRAGRANCE MARKETS
IT has been a tough year for the fragrance industry in the United Arab Emirates (UAE), where competition between international and local brands has intensified, while consumer spending has been weakening. But this has not stopped perfumiers from launching new products nor has it prevented overseas suppliers from expanding their local presence.…
INDIA’S COMPLEX GST ROLL-OUT POSES CHALLENGING ACCOUNTING ISSUES FOR COMPANIES
India’s complex Goods and Services Tax (GST) regime is set for a launch on July 1 with complicating features such as multiple tax rates and a separate law to guarantee minimum revenues to the country’s states. The central government is moving ahead with the plans, even as the country’s USD2 trillion economy recovers from the shock of November’s withdrawal of high value banknotes.…
GROWING BANGLADESH MIDDLE-CLASS BOOSTS DEMAND FOR QUALITY WESTERN CONFECTIONERY
EVERY time apparel industry executive Israfil Alam and his wife buy groceries, one item doesn’t elude them: chocolate for their 13-year-old son Isman Sayer.
“Isman’s favourite is Kit Kat Chunky,” Alam, a Dhaka-based general manager at knitwear maker Magpie Group, told Confectionery Production.…
EXPORT POTENTIAL OF LUXURY KASHMIRI TEXTILE PRODUCTS RESTRICTED BY GOVERNMENT INACTION AND CONTINUED INDO-PAKISTAN HOSTILITY
PAKISTAN business leaders trading in traditional Kashmiri textiles are worried about the shrinking size of the trade in their products, blaming the government for this poor state of affairs. It is hard times for Pakistan manufacturers of Kashmiri shawls, popularised by French Queen Marie Antoinette as a luxury item and more recently popular amongst ethnic clothing consumers.…
TRUMP’S DUMP OF TPP MIGHT CREATE OPPORTUNITIES FOR INDONESIAN TEXTILE SECTOR
The chairman of the Indonesian Textiles Association (API) has expressed cautious optimism about President Donald Trump’s rejection of the Trans-Pacific Partnership (TPP) trade pact and re-confirmed the need to boost Indonesia’s competitiveness.
Trump pulled the USA out of the agreement on January 23, and while that could be bad news for the other 11 TPP partners, including regional textile sector competitors Malaysia and clothing hub Vietnam, the deal had yet to include Indonesia.…
GETTING MORE OIL FROM EXISTING RESERVES WHILE LIMITING GLOBAL WARMING MAY NOT BE CONTRADICTORY, BUT COULD BE COSTLY
Enhancing the percentage of oil recovered from existing assets is a no-brainer for countries that want to maximise economic gains from their oil reserves.
In an era of apparently ‘lower for longer’ oil prices, it is high up the agenda for oil companies and governments.…
CETA DEAL WILL BOOST EU-CANADA MINERALS TRADE SAY INDUSTRY ASSOCIATIONS
THE EUROPEAN and Canadian minerals industries have broadly welcomed the approval by the European Parliament of the Comprehensive Economic and Trade Agreement between the European Union (EU) and Canada (CETA), saying it would increase exports in an already flourishing trade.…
INDIAN CLOTHING AND TEXTILE ASSURED THAT GOVERNMENT SUPPORT IS COMING, DESPITE LACK OF BUDGET MENTIONS
THE INDIAN textile industry is banking on informal assurances of increased central government support for the sector, after the it was largely ignored in February 1’s formal announcement of the national budget.
Harminder Sahni, managing director of consultancy firm Wazir Advisors, said that while finance minister Arun Jaitley had not mentioned specifics in his budget speech, “we have been told by the ministry of textiles that all its plans are approved and it will get [extra] money.”…
BANGLADESH APPAREL SECTOR FACES UP TO CHALLENGES AS IT LOOKS TO EXPAND, DHAKA APPAREL SUMMIT HEARS
With the global garment market still growing fast, Bangladesh needs to seize the so-called ‘China-plus’ opportunity while penetrating new markets and diversifying its products, a Dhaka conference has heard.
In a keynote speech Dr Nazneen Ahmed, a senior research fellow at the state-run think-tank Bangladesh Institute of Development Studies (BIDS), argued world apparel sales were USD445 billion in 2015, set to grow USD700 billion by 2021
But uncertainty over Brexit, the new Trump-influenced global trade regime and an India’s textile sector incentive package of Indian rupees INR60 billion (USD900 million) are posing fresh challenges for the Bangladesh industry, speakers stressed.…
TECHNICAL TEXTILE SECTOR FACES UNCERTAIN TRADING TIMES AS TRUMP AND BREXIT REFORMS PLAY OUT
One month after staunch free-trade opponent Donald Trump became US President there are many policy decisions still to be confirmed and clarified to get a full idea of the impact his presidency will have on the trade in technical textiles. His accession comes during an unstable time for international trade – it is arguably even less clear how the UK’s planned exit from the EU will work out for the sector.…
AGEING NUCLEAR WORKFORCE CAN BE REJUVENATED SUSTAINABLY WITH HELP OF GETI DATE
KEY MESSAGES
*The nuclear industry has an ageing staff and needs to recruit new professionals as they retire
*Its strong health and retirement benefits packages could help it attract the new staff it needs
*The nuclear industry outside north America has a strong expat component, making it easier for recruit staff from abroad
INTRODUCTION
The nuclear industry sector is facing some significant human resources challenges, but new research carried out by Airswift and Energy Jobline indicates that the nuclear sector can still compete for talent.…
BANGLADESHI TEXTILE MAKERS PAVE DIGITAL PATH WITH INDIAN HELP
AS Bangladesh aims to double its apparel exports in the next five years, industry executives and experts agree on one thing: value addition is the key and the development of digital printing services is a key strand of this strategy.
As a result, the launch of operations by Indian textile printing manufacturer and distributor DCC (Dhaval Colour Chem) in Dhaka last December was an important step towards creating such an integrated supply chain in Bangladesh.…
LIQUEFIED AND COMPRESSED NATURAL GAS A LONG-TERM WINNER IN THE ENERGY MIX
Natural gas, including its liquefied form LNG, can be the long-term growth story among fossil fuels but needs to withstand stiff challenges
The naming ceremony in February 2017 for offshore facilities for the Ichthys liquefied natural gas project in Australia was another milestone in the huge wave of investment in LNG production capacity globally in recent years.…
SUNKISSED UAE IS GROWING MARKET FOR SUNCARE PRODUCTS
YEAR–round sunshine, a young population, and a large expatriate community have made the United Arab Emirates (UAE) a strategic destination for multinational suncare brands, which continue to dominate the local market.
According to London-based research company Euromonitor International, the UAE’s suncare market was valued at Emirati Dirham AED89.38 million (USD24.3 million) in 2016, up 4% compared to 2015.…
GROWING BANGLADESH MIDDLE-CLASS BOOSTS DEMAND FOR QUALITY WESTERN CONFECTIONERY
EVERY time apparel industry executive Israfil Alam and his wife buy groceries, one item doesn’t elude them: chocolate for their 13-year-old son Isman Sayer.
“Isman’s favourite is Kit Kat Chunky,” Alam, a Dhaka-based general manager at knitwear maker Magpie Group, told Confectionery Production.…
EU/WTO INTERNATIONAL REGULATORY ROUND UP – EU CANADA CETA DEAL COULD BOOST TRANSATLANTIC CONFECTIONERY TRADE
THE TRADE in confectionery products between the European Union (EU) and Canada is likely to increase now the European Parliament has approved the EU-Canada Comprehensive Economic and Trade Agreement (CETA).
The vote – on February 15 (2017) – follows years of detailed negotiations and means that large sections of this trade deal can now come into force, maybe as early as April, as long as Canada stages its own vote in time.…
WOMEN IN FINANCE STILL PRESSURED TO PROVE THEMSELVES MORE THAN MEN, SAYS KEY FEMALE UAE ENTREPRENEUR
EAGER to give a new twist to the abaya (the robe-like dress worn by some Muslim women), she went on to create dozens of unconventional designs of the traditional garment and opened three branches of her boutique in the United Arab Emirates (UAE).…
ADITYA BIRLA BOOSTS SUSTAINABILITY IN FIBRE SOURCING
WORLD leader in viscose staple fibre, Mumbai-based conglomerate the Aditya Birla Group has boosted its sustainability policies through a social and agro-forestry programme designed to reduce the environmental and community impact of its in-house fibre sourcing.
Focused on its operations in Karnataka, India, the group has launched what it calls a ‘Better Viscose Initiative’, developing new in house cloned eucalyptus fibre sourcing plantations that are about to come online, supplying quality fibre for Birla operations.…
KASHMIRI TASTE FOR LAMB AND GOATMEAT PROMPTS ROBUST MEAT TRADE WITHIN INDIA
THE PREDOMINANTLY meat-eating communities in the Moslem-majority Kashmir valley in the Indian state of Jammu & Kashmir has become a significant market for Indian meat and livestock producers from outside the region.
The Kashmir Valley’s 7 million people – the northern and mainly Moslem part of the state – have long sourced sheep and goat meat from nomads rearing livestock in this fertile region, but these local meat supplies nowhere near meet demand.…
INDIAN FOOD SECTOR CONCERN OVER CENTRAL GOVERNMENT
The Indian food processing industry is calling for detailed discussion on reports that the central government is planning to impose sugar and fat taxes on what it regards as ‘junk food’.
Sagar Kurade, president of All India Food Processors’ Association, in New Delhi, is concerned that such taxes could be announced in the government’s next budget, due to be presented on February 1.…
RUCHI DENIES MOOTED PATANJALI MARKETING DEAL
India’s edible oil producer Ruchi Soya Ltd has denied news reports that it has stuck a deal with Patanjali Ayurveda Ltd for marketing all of its future production under the Patanjali brand name. “It is just market speculation and we do not consider it worthy of making any official comment,” a spokesperson for Ruchi Soya, in Mumbai, told just-food.…
INDIA’S PATANJALI AYURVED PLOTS EXPANSION OF SALES OVERSEAS, AS DOMESTIC REVENUES BOOM
India’s Patanjali Ayurved Ltd has rejected a December (2016) ruling against the booming packaged food company in a misbranding case as politically motivated and will appeal, the company’s managing director Acharya Balkrishna told just-food in an exclusive interview.
Mr Balkrishna, who also owns 94% of the company shares, criticised the judgement from the additional district magistrate in Patanjali Ayurved’s home city of Haridwar, Uttarakhand, who fined the company Indian Rupees INR1.1 million Rupees (USD16,100) for selling certain food products, including mustard oil, in 2012 with its own labels, as Patanjali products, even though they had been manufactured by another company.…
INDIAN DAIRY FIND HAS AMBITIOUS PRODUCTION GROWTH TARGETS, SAY EXPERTS
A NEWLY announced Indian rupees INR80 billion (USD1.18 billion) Dairy Processing and Infrastructure Development Fund is designed to increase the country’s milk production by 8% every year, just-food has been told.
Commenting on the initiative unveiled in the government’s national budget yesterday (February 1), Mumbai-based Rajender Singh, CEO of VRS Foods Ltd, said: “The government wants to extend the infrastructure to rural and remote areas to increase the processing and procurement capacity.”…
SOUTH AFRICA BREAKS GROUND IN PROMOTING SOLAR POWER IN AIRPORTS
By the end of this year Airports Company South Africa (ACSA) will have gone a significant way to achieving its goal of powering all the country’s state-owned regional airports from renewable energy sources.
The first milestone in this ambitious project was achieved early last year when ACSA announced that George Airport had become Africa’s first – and the world’s second, after Cochin airport in southern India – largely green-powered airport following the completion of phase one of its solar development.…
INDIAN GOVERNMENT APPROVES LAND DEAL TO EXPAND PATNA AIRPORT
THE INDIAN government has approved the transfer of 11.35 acres of land to Airports Authority of India (AAI) to enable the expansion of Jay Prakash Narayan International Airport, Patna, Bihar. The project involves building a new terminal building, with associated infrastructures, enabling the airport to handle 3 million passengers per year, up from the 1.5 million that currently use airport facilities designed for 500,000: “This has led to extreme crowding in the terminal building,” said an Indian cabinet note.…
EVIDENCE OF ROLLS-ROYCE’ CORRUPT DEALINGS RELEASED AS JUDGE MANDATES BRITAIN’S LARGEST EVER COMMERCIAL CRIME PENALTY
A JUDGE yesterday (January 17) approved Britain’s largest ever commercial crime enforcement action – a GBP497.25 million (USD616 million) plus interest and GBP13 million costs (USD16.1 million) deferred prosecution agreement with the UK’s Serious Fraud Office (SFO). Sir Brian Leveson, President of the Queen’s Bench division, agreed the penalty for Rolls-Royce, covering covers 12 counts of conspiracy to corrupt, false accounting and failure to prevent bribery.…
EUROPEAN DAIRY EXPORTERS MAY BOOST SALES IN INDIA IF MANDATORY FORTIFICATION IS INTRODUCED
THE EUROPEAN dairy industry may be able to increase its sales in India’s dairy market, as central Indian government’s plans to fortify milk and other dairy products with vitamins could boost demand for high quality products from abroad.
“The ongoing debate over the issue has increased awareness about fortified food,” Naresh Kumar Bhanot, secretary of Indian Dairy Association (IDA) told Dairy Industries International: “Foreign dairy companies with appropriate products could exploit the market.”…
NORTH AFRICA MAY HAVE TOUGH MARKETS – BUT PROFITS ARE AVAILABLE FOR INNOVATIVE AND INSIGHTFUL COMPANIES
NORTH Africa has never been a particular easy place to do business, but female and male consumers are prepared to spend on personal care products, and profits are there for the taking for companies that take time to understand these vibrant and often contrasting markets.…
ASIA REGULATORY ROUND UP - CHINA TIGHTENS MONEY LAUNDERING REPORTING REQUIREMENTS
CHINA’S central bank, the People’s Bank of China (PBC), has issued a new anti-money laundering and terror finance reporting requirements for all financial institutions inside the country. The rules come into force July 1. They cover banks, brokers, foreign exchange, online and mobile payment systems and insurance companies, who will have to file reports to the central bank, via their headquarters or via representative institutions, if a client requires daily cash transactions exceeding Chinese Yuan Renminbi CNY50,000 (USD7,261) or a larger amount of USD10,000’s worth in foreign currency.…
ASIA’S HR DEPARTMENTS URGED TO BEGIN THEIR HOMEWORK ON CYBER CRIME PREVENTION
Hacking and data breaches keep Asian IT departments awake at night, but many of the most serious cyber security incidents can be prevented with greater vigilance from HR professionals. Of course, there are a wide variety of risks being posed to companies from online environments, from denial-of-service attacks, to Trojan programmes that monitor computer use, and theft of identities and intellectual property.…
CLOTHING SECTOR GLOBAL REVIEW OF THE YEAR – 2016
2016 – Winners and losers
RETAILERS & BRANDS
WINNERS
US-based sportswear brand Under Armour delivered its 26th consecutive quarter of 20%-plus revenue growth in the third quarter of 2016, with sales increases across all divisions. Net sales were up 22% in the third quarter to USD1.47bn.…
BANGLADESHIS MUST BOOST PROTEIN INTAKE TO FIGHT STUNTING: UN EXPERT
AS BANGLADESH grapples with the problem of childhood stunting, a United Nations expert has called for a boost in animal protein consumption within this south Asian country to tackle the crisis. Stunting is a condition where children grow at slower rates than the average person, being shorter than a typical person of their age.…
INDIA GOVERNMENT CASH DEMONETARISATION HITS CLOTHING SECTOR HARD
India’s domestic clothing industry has suffered a drastic slump in demand and production following the central government’s sudden decision to withdraw high denomination currency notes valuing 86% of total cash in the economy.
“For the first two weeks [following 8 November demonetisation announcement] there was almost a 50 percent crash in the retail sales,” Rahul Mehta, president of Clothing Manufacturing Association of India, in Mumbai, told just-style, “it has since recovered but is still down by 25 percent in smaller outlets.”…
INDIAN BANKNOTE WITHDRAWAL CAUSES SHORT TERM DISRUPTION BUT COULD SOLIDIFY LONG-TERM GROWTH FOR PACKAGED FOOD
India’s demonetisation of high value Indian Rupee INR500 and INR1,000 currency notes has hit demand for packaged food and disrupted supply chains, forcing food companies to cut production and growth plans.
“The [negative] impact [on sales] has been between 15 to 40 percent depending upon the product category,” Sagar Kurade, president of All India Food Processors’ Association, in New Delhi, told just-food, “The spending patterns of the consumers have changed and they are making only priority purchases.”…
INDIAN CURRENCY BAN CAUSES HARDSHIP IN COUNTRY’S POULTRY SECTOR
Indian poultry farmers have slowed the breeding of chicks to lower their costs after demand fell sharply following the central government’s unexpected announcement that large currency notes – valuing 86% of total cash in the economy – were no longer legal tender.…
INDIA DEMONETISATION HARMS SALES AND PRODUCTION IN PERSONAL CARE PRODUCT SECTOR
India’s cosmetics and perfumery industry has been severely hit by the demonetisation of higher value Indian Rupees INR500 (USD7.30) and INR1,000 (USD14.70) notes that constituted 86% of the total cash in the country’s economy.
Production within the sector has fallen by 20% since the government unexpectedly announced on November 8 that these notes would no longer be legal tender, Satish Thipsay, chairman of All India Cosmetic Manufacturers’ Association, in Mumbai, told Soap Perfumery & Cosmetics.…
INDIAN AYURVEDIC PERSONAL CARE COMPANY TAKES ON MULTINATIONALS
The phenomenal rise of India’s Patanjali Ayurveda Ltd, that has upset the strategies of many established cosmetic companies in the country, is credited to its lower price, good quality and increasing demand for herbal products. Credit is also given to unorthodox marketing techniques backed by the popularity of yoga guru Baba Ramdev, who despite having no formal relationship with the company is closely linked to the brand.…
TURKISH GOVERNMENT OFFERS AID TO TEXTILE SECTOR AMIDST TIME OF ECONOMIC AND POLITICAL INSTABILITY
AS part of its continued efforts to shore up the country’s faltering economy, still reeling from the fallout of the attempted coup during July, the Turkish government has announced a programme of so-called “super incentives”, with the textile manufacturing sector being one of the beneficiaries.…
WOMEN IN FINANCE STILL PRESSURED TO PROVE THEMSELVES MORE THAN MEN, SAYS KEY FEMALE UAE ENTREPRENEUR
Her Excellency Sara Al Madani ventured into the business world at a time when very few Emirati women dared to do so. Defying gender and cultural norms, she started her fashion label Rouge Couture at the age of 15.
Eager to give a new twist to the abaya (the robe-like dress worn by some Muslim women), she went on to create dozens of unconventional designs of the traditional garment and opened three branches of her boutique in the United Arab Emirates (UAE).…
MIDDLE EAST AND AFRICA SKINCARE MARKETS
ONE of the wealthiest countries in the world, Qatar’s gross domestic product (GDP) per capita was estimated at USD73,653 in 2015, according to the World Bank. Close to 85% of the country’s 2.5 million population are expatriates and this has influenced the skincare products on offer, while high levels of disposable income continue to drive consumption.…
INDIA DEMONETISATION HARMS SALES AND PRODUCTION IN PERSONAL CARE PRODUCT SECTOR
India’s cosmetics and perfumery industry has been severely hit by the demonetisation of higher value Indian Rupees INR500 (USD7.30) and INR1,000 (USD14.70) notes that constituted 86% of the total cash in the country’s economy.
Production within the sector has fallen by 20% since the government unexpectedly announced on November 8 that these notes would no longer be legal tender, Satish Thipsay, chairman of All India Cosmetic Manufacturers’ Association, in Mumbai, told Soap Perfumery & Cosmetics.…
INTERNATIONAL REGULATORY ROUND UP – SUGAR PRODUCERS WANT EU PROTECTION MAINTAINED, DESPITE TRADE DEAL TALKS
THE INTERNATIONAL Confederation of European Beet Growers (CIBE) and the European Association of Sugar Producers (CEFS-Comité Européen des Fabricants de Sucre) have jointly called on the European Union (EU) to continue protecting producers with import tariffs, even as the EU negotiates 12 trade deals affecting the food industry.…
DEATH OF TPP COULD EASE PRESSURE ON ASIA-PACIFIC LABOUR MOBILITY
HUMAN resources experts in the Asia-Pacific region are mulling the potential impact of US President-elect Donald Trump abandoning the Trans-Pacific Partnership (TPP) trade deal. He has promised to withdraw the US from the agreement on his first day in office.
And without American participation, the pact seems dead in the water: Japanese Prime Minister Shinzo Abe recently said it would be “meaningless,” while Vietnam, whose export-driven economy was expected to be one of the major beneficiaries of the TPP, has withdrawn the proposal for ratification in its National Assembly.…
IRAN’S ROSE WATER INDUSTRY EXPORT INDUSTRY SET TO GROW
IRAN’S rose water export sector is facing the potential for rapid expansion now that the country can trade freely globally after the bulk of international banking and economic sanctions imposed over the Iranian nuclear programme were lifted this January (2016).…
EUROPEAN CORPORATE GOVERNANCE BECOMES MORE COMPLEX AS AUDIT REQUIREMENTS GROW
The reform of European Union (EU) statutory audit rules, which came into force on June 17, represents a set of challenges to public interest entities (PIEs) and their audit committees. And with these changes applying to fiscal years beginning on or after this date, and given that there are about 37,000 PIEs (basically listed companies, credit institutions and insurance undertakings) across the EU, the reform is having a profound effect on European corporate governance.…
INNOVATION ESSENTIAL FOR AUDIT TO SURVIVE, EXPERTS TELL ACCA CONFERENCE
To keep pace with today’s global and interconnected world, auditors must move with the times, European experts told a high-level Brussels conference on November 16. Maggie McGhee, director of professional insights at the Association of Chartered Certified Accountants (ACCA) – joint hosts of the ‘Future of Audit’ conference with assurance, tax and advisory services network Grant Thornton International, said: “Auditors need to adapt and constantly innovate.…
SOFTWARE SPECIALISTS OFFER CLOTHING BRANDS AND MANUFACTURERS POWERFUL SOFTWARE FOR FINANCIAL PLANNING AND OPERATIONS
Clothing brands and manufacturers wanting to maximise their financial performance are being offered an increasingly varied and sophisticated aware of software systems guiding their planning and operations.
US-based Centric Software Inc provided an update to its flagship PLM (product lifecycle management) solution in this summer, adding features to gain additional financial insight, perform deeper financial analyses and render information available offline, to further streamline planning, costing and quote management.…
INDIA FOOD STANDARDS AUTHORITY MULLS MANDATORY FOOD FORTIFICATION
INDIA’S food standards authority is considering new regulations mandating the fortification of basic food items such as milk, wheat flour and cooking oil with micronutrients, just-food has been told.
Kuldeep Sharma, founder of Suruchi Consultants in New Delhi, who has been working with the Food Safety and Standards Authority of India (FSSAI) on dairy projects said the move could affect the pricing of premium range products sold by major processed food manufacturers.…
INDIA’S AMUL TO WORK WITH AMAZON ON EXPANDING DAIRY SALES
India’s largest milk brand Amul has partnered with the online retailer Amazon to increase consumer base in United States for its more specialised dairy products, including ghee (clarified butter), cheese and gulab jamun (Indian dessert), company has announced. “We have been selling Amul products to the US since last 20 years largely to the Indian population through traditional retail channel, but the products like ghee are also liked by local [non-Indian] Americans,” said Rupinder Singh Sodhi, managing director of Gujarat Cooperative Milk Marketing Federation (GCMMF), which owns the Amul brand.…
SINGAPORE’S EVOLVING ROLE AS TEXTILE INNOVATOR
SINCE the bulk of textile and apparel and production moved offshore from the wealthy city state of Singapore – seeking lower costs labour elsewhere – the country has become an industry innovator, and experts say this trend will continue.
The United States department of commerce (DoC) said in a report issued in May (2016): “Manufacturing has moved offshore to mainly other countries in the region, forcing the textile and apparel sector to reinvent itself and focus on research and development.”…
INDIAN COTTON TRADE TO PAKISTAN THREATENED BY HEIGHTENED KASHMIR TENSIONS
Indian cotton exports to Pakistan are expected to drop sharply after rising political tensions between the two neighbours over the Kashmir issue and the availability of more competitive cotton from West African countries and United States, WTiN has been told.
“There are concerns of [Indian and Pakistan] putting a stop to each other’s trade,” said Atif Dada, chairman of the Karachi Cotton Association, in Karachi.…
EU TEXTILES PRODUCTION TO GAIN GROUND IN GLOBAL MARKETS, TEXTILE EXPERTS SAY
The manufacture of textiles for European buyers is likely to move away from its Chinese production base and move back closer to “home”, particularly in the technical markets, Lutz Walter, secretary general of the European Technology Platform for the Future of Textiles and Clothing (ETP) – the largest European textiles research and innovations network – has told WTiN.com.…
INTERNATIONAL PAPER SIGNALS SUPPORT FOR REDUCING ANTIBIOTICS USE IN LIVESTOCK
A PAPER released to yesterday’s (Oct 24) global symposium on preventing antibiotic resistance has signalled that international action should including restricting the prophylactic treatment of livestock with such medicines.
This report was prepared by the World Health Organisation (WHO), World Intellectual Property Organisation (WIPO) and the World Trade Organisation (WTO) and was called ‘How to Foster Innovation, Access and Appropriate Use of Antibiotics?’…
CHINA SEES GREAT OPPORTUNITIES FOR NON-WOVENS, CONFERENCE HEARS
Non-wovens textile manufacturers are likely to benefit from a soaring Chinese market for their products, thanks to a fast ageing population, the government’s recently launched two-child policy, and demand created by air pollution that continues to plague the country, and international conference in Shanghai has head.…
INDIA’S NEWLY GROWING WARP KNITTING INDUSTRY HAS GREAT POTENTIAL, SAY EXPERTS
INDIA’s domestic warp knitting sector is still small but the industry has “tremendous potential” to take global market share off China, an expert from the German textile machinery specialist, Karl Mayer Textilmaschinenfabrik GmbH told Knitting International.
In five years (2010-2015), India’s warp knitting machinery imports boomed – increasing “roughly 20 times more than the number imported in the preceding 16 years,” and are still growing, noted Ulrike Schlenker, head of corporate communication for Karl Mayer Textilmaschinenfabrik.…
PAKISTAN CLOTHING SECTOR PRESSES GOVERNMENT TO HELP KICKSTART AILING EXPORT TRADE
Leaders of Pakistan’s ailing clothing and textile industry have told just-style how they are concerned about their sector’s declining exports, calling on the federal government to intervene promptly to reverse this trend.
“Our exports have been continuously falling since 2013 and the government failed to take any remedial measures,” said Muhammad Ijaz Khokhar, Central Chairman of Pakistan Readymade Garments & Exporters Association (PRGMEA).…
SURESH NARAYANAN SAYS GROWING INDIAN FOOD MARKET IS FULL OR PROMISE FOR NESTLÉ INDIA
The demand for processed and packaged food is growing fast among India’s young, often aspirational and fast-expanding population. And this has made Nestlé India target a double digit annual growth in upcoming years. To realise this goal, the company is steadily introducing premium international products into India, such as its impending launch of Alpino chocolates this month (October 2016).…
ASIA PACIFIC TECHNICAL TEXTILES PRODUCTION BOOMS – WITH HIGHER COST COUNTRIES INVESTING IN INNOVATION
THE ASIA-PACIFIC region has been regarded as the workshop of the world for most of the 21st century, and this is especially true for the technical textile sector, where output has continued to grow, partly fuelled by growing regional demand.…
EUROPEAN BRANDS’ KNITTING MANUFACTURE LOOKS SET TO GO LOCAL IN FUTURE
KNITTING production is likely to move away from its long-time Chinese production base and move closer to “home”, Lutz Walter, secretary general of the European Technology Platform for the Future of Textiles and Clothing (ETP) – the largest European textiles research and innovations network – told Knitting International at the 12-13 October ‘European Textiles: Going Digital – Going High-Tech’ conference in Brussels.…
PEUGEOT ASSEMBLY PLANT LAUNCHED IN ETHIOPIA
An assembly line for French automotive company Peugeot (Groupe PSA) has opened in Ethiopia (July 1) in partnership with local firm, Mesfin Industrial Engineering (MIE). The new USD1.2 million facility is expected to assemble 1,200 vehicles-a-year for sale to Ethiopia’s growing car market and to neighboring countries Djibouti and Somalia.…
JAPANESE AUTO PAINT MANUFACTURERS SETTING UP FACILITIES IN THEIR TARGET MARKETS
Japan’s automobile manufacturers are increasingly looking to set up plants in – or, at least, very close to – their target markets, and paint companies with expertise in the auto coatings sector are following their lead.
“In 2015, the overall Japanese paints and varnishes market recorded 0.3 per cent growth, with producers struggling to remain competitive because production in Japan is pricier due to environmental requirements and higher labour costs,” said Andrius Balsys, a research analyst who monitors the paints sector for London-based market researcher, Euromonitor International.…
KEY PAKISTAN WOMEN’S BUSINESS GROUP CALLS ON GOVERNMENT TO RESHAPE TEXTILE EXPORT POLICY
A KEY women’s business group in Pakistan has voiced concerns about a fall in textile exports from the country, given the industry is not only the largest foreign exchange earning sector of the country, but a key employer of female workers nationwide.…
VIETNAM TEXTILE INDUSTRY UNHAPPY WITH NEW NATIONAL MINIMUM WAGE
The Vietnamese textile sector may face challenges thanks to a newly approved national minimum wage, industry insiders say, with specialists suggesting different rates for higher skilled workers in upstream suppliers, but other worrying about a loss of competitiveness in clothing manufacturing.…
DEMAND FOR EXPANDING NUCLEAR POWER IN INDIA WILL RATCHET UP AS PARIS DEAL RATIFICATION LOOMS
Experts at a nuclear energy conference held by The Associated Chambers of Commerce of India (ASSOCHAM) have predicted that the country’s nuclear expansion will receive momentum given the central government is about to ratify the Paris climate change agreement.
The event, ‘Nuclear Power in India – Indigenisation and Viability’, was heard that the global warming deal will be ratified on October 2, pushing India to speed up plans to develop non-carbon power sources.…
TEXTILE MATERIALS MANAGEMENT BRIEFING
COTTON
Cotton maybe one of the most popular fibres for clothing and accessories because of its universality, timelessness, and availability, but this past year has shown that the fibre is not immune to volatile economic markets. World cotton production fell by 17% to 21.65 million tonnes in 2015-2016, the lowest volume since 2003-2004, according to the International Cotton Advisory Committee (ICAC).…
ASIAN OUTSOURCING NEEDS TO RAISE ITS GAME TO DEAL WITH INCREASING GLOBAL COMPETITION – CONVENTION TOLD
Growing competition across the world for clothing outsourcing contracts, with China not only being challenged in Asia, but by sub-Saharan African and even Russian suppliers, is pushing Asian governments to sharpen their industrial policy to retain market share, a major international conference has heard.…
THAI APPETITE FOR PREMIUM PACKAGED FOOD GROWING
A slowly recovering economy and a string of political crises may have weakened consumer spending in Thailand, but appetite for packaged premium brands, remained strong, according to industry experts. Overall, packaged food sales (retail and food services including premium) soared from USD8.06 billion in 2011 to USD 11.07 billion in 2015, according to data from London-based market researcher Euromonitor International, with sales projected to continue to grow through 2020, albeit at a slower pace.…
EU CUSTOMS SEIZING MORE FAKE GOODS, ESPECIALLY FROM CHINA
EUROPEAN Union (EU) customs authorities seized five million more counterfeit products at the bloc’s borders in 2015 than the year before, with China the originating country for 41% of these fakes, the European Commission’s latest annual report on the problem reveals.…
SRI LANKA’S COSMETIC INDUSTRY ANGERED OVER WEAK IMPORT REGULATION
Sri Lanka’s cosmetic and beauty product manufacturers are becoming increasingly anxious over the lack of sales regulations, promoting significant volumes of lower grade cosmetic imports, putting local manufacturers at risk.
Until July 2015, there was a specific authority to oversee cosmetic products being imported as well as distributed in the country.…
SOUTH ASIA COSMETICS MARKET CONTINUES TO GROW AS MIDDLE CLASS TASTES EXPAND
SOUTH Asia’s growing personal care product sector is of increasing importance to international brands, with growing middle classes among vast populations creating a honeypot market with consumers, many accustomed to English-language marketing.
As the region’s hub and overwhelmingly most populous country, India’s beauty and personal care industry will generate sales worth USD13.3 billion in 2016, growing by 14.2% year-on-year, according to UK-based market research firm Euromonitor International.…
INDIA’S DIGITAL PRINTING SECTOR IS GROWING, BUT TRADITIONAL SECTOR STILL HAS EDGE FOR LARGE ORDERS
India’s digital printing industry is successfully challenging the country’s traditional finishing sector, expanding rapidly thanks to reduced costs, support from country’s large textile export sector and an ability to respond to changing fashion trends. “The share of digital textile printing will increase from five to 15 percent in next six to seven years,” said Siddharrthha A Jain, partner at Printtech, a digital textile printing company based in Gurgaon, near New Delhi, noting that currently there are 250 to 300 such companies in India.…
TECHNICAL ROUND UP – BRUSSELS LAUNCHES TAX BLACKLIST ASSESSMENT
EUROPEAN COMMISSION LAUNCHES GLOBAL TAX AVOIDANCE BLACKLIST ASSESSMENT
THE EUROPEAN Commission has completed the first phase of an assessment designed to help the European Union (EU) frame its own blacklist of jurisdictions deemed un-cooperative over tax avoidance and evasion. Brussels has released a ‘scoreboard’ of non-EU jurisdictions judging whether they exchange information with foreign tax authorities, have preferential or low tax regimes, have close and important economic and financial links with the EU and are politically stable (and hence more attractive as a tax haven).…
INDIAN ACCOUNTANTS TO BENEFIT FROM MAJOR WINDFALL AS COUNTRY PREPARES TO INTRODUCE NATIONAL SALES TAX
THE INCOMING adoption of a new national Goods and Services Tax (GST) in India, due to be introduced from next April (2017), is generating a major windfall of extra business over the next two years for accounting and tax consultancy firms.…
AMUL TO SET UP NEW ICE CREAM PLANT IN PUNE
India’s dairy giant Amul is planning to establish a state-of-the-art ice cream plant within 15 to 18 months’ time at Khed city, Pune, Maharashtra, Amul Dairy managing director K Rathnam has told Just-food. “Pune and surrounding areas such as Bangalore and Goa further south are potentially good markets and we hope to supply these from our proposed new plant,” he said.…
DUBAI FLIGHT CRASHES, BURNS – EVERYONE SAFE
MAJOR delays are expected at Dubai International Airport in the United Arab Emirates (UAE) after an Emirates airline plane crash-landed and burst into flames on a runway at Dubai International Airport just after 12:45pm local time today (August 3). Flight EK521 was arriving from Trivandrum International Airport, Thiruvananthapuram, India.…
EUROPEAN TECHNICAL TEXTILES RETAINS GROWING DEMAND AND EXPERTISE, BUT ASIAN RIVALS COULD THREATEN MARKET POSITIONS
BIG marketing stunts can boost sales of technical textiles and maybe one of the biggest examples in Europe this year was created by world renowned artists Christo. He created ‘The Floating Piers’ on Lake Iseo, near Brescia, in northern Italy.…
SOUTH AMERICAN COSMETICS FIGHTING FALLING LOCAL CURRENCIES
South America’s cosmetics and personal care sector is looking to bounce back from a slowdown caused by the region’s macroeconomic troubles, but political pressures and regional trade alliances are driving individual country markets down divergent paths.
Over the last year, countries across the region have been buffeted by economic turmoil that has had a knock-on impact on the cosmetics sector.…
PAINT AND COATINGS ASIA-PACIFIC ADDITIVES MARKET BECOMES MORE DIVERSE AND ECO-FRIENDLY AS IT GROWS
THE ASIA-Pacific coatings additives market is big business, and is getting bigger. According to Pune, India-based market research organisation Markets and Markets, the coatings additives market in the Asia-Pacific region will be worth USD2.81 billion in 2016 and is expected to grow at a CAGR (compound annual growth rate) of 7.2% until 2021.…
ASIA - FUTURE OF HR
WORKFORCE DEMOGRAPHICS
East Asia is a very varied region in terms of economic development. Take the 10 members of trade bloc ASEAN (the Association of Southeast Asian Nations): with 632 million people, demographics greatly vary, from aging Singapore and Thailand, to the younger and emerging economies of Indonesia, Cambodia, Vietnam, Malaysia and the Philippines.…
PAKISTAN TEXTILE SECTOR CALLS FOR END TO NEW COTTON IMPORT DUTY
Pakistan’s textile industry is warning of serious damage to the cotton-related businesses if a new 4% import duty currently charged on raw cotton for textile manufacturers serving domestic market is maintained.
“This policy will have a long term impact on the cotton consumption in Pakistan and the whole value chain will be affected,” Asif Inam, vice chairman of All Pakistan Textile Mills Association (APTMA), in Karachi told WTiN. …
ETHIOPIA LAUNCHES LARGEST ECO-INDUSTRIAL PARK IN AFRICA
Ethiopia’s government is promoting what it says is Africa’s largest eco-industrial park dedicated to textile and garment production. The Hawassa Industrial Park (HIP), boasting state-of-the-art water recycling facilities, has attracted major textile producers from Asia and the US including American clothing giant Phillips-Van Heusen (PVH).…
ASIAN PACIFIC NONWOVENS SECTOR SEEING A BOOST DESPITE TROUBLED TIMES
THE ASIA Pacific region remains the workshop of the world in terms of nonwovens production, and it is not only China’s producers who are growing, local suppliers are feeding growing domestic markets for nonwovens products elsewhere in east and southeast Asia.…
INDIA SAYS IT IS READY TO MAKE RUSSIAN REACTOR COMPONENTS – BUT MOSCOW AWAITS FORMAL ORDERS
India will start manufacturing fuel components and other equipment for its Russian-designed nuclear reactors within the next 10 years, Indian authorities have told Fuel Cycle Week. “There will be certain range of equipment that could be made much earlier, but others like pressure vessels for a large steam generator could take that period of time [10 years],” Malur Ramaswamy Srinivasan, member of India’s Atomic Energy Commission told Fuel Cycle Week.…
INDIA PUSHES BANGLADESH TO REVERSE BILLET IMPORT DUTIES, CITING REGIONAL TRADE DEAL
India is pushing neighbouring Bangladesh to scrap its recent increase in billet import duties, saying it breaks commitments made under the regional free trade accord, the South Asian Free Trade Area (SAFTA). The Indian government acted after Bangladesh imposed two types of tariffs on steel billets imported from India in its budget for the 2016-17 financial year, announced in July.…
BANGLADESH MULLS REGULATION OF FOREIGN POULTRY GIANTS
Bangladesh is mulling controls over foreign investors in the country’s growing poultry industry after local rivals have said they fear being swallowed by overseas companies.
The country’s state minister for fisheries and livestock Narayon Chandra Chanda said that there was concern that Bangladesh poultry farmers could lose trade if competition was unchecked: “We’re still observing … There should be a guideline,” he told GlobalMeatNews without giving further details.…
ASIA HAIR CARE CONCLUSIONS
*Asian youths are far less conservative than their older peers when it comes to appearance and that includes hair styling and colouring. Brands wanting lifelong loyalty from young consumers need to hook them with new innovative hair products.
*Natural hair products, free of potentially damaging chemicals, is a priority for many Asian consumers, who care about the health of their hair and scalp – not just outward appearance.…
NEW INDIAN GST SYSTEM DEPRESSES PERSONAL CARE PRODUCT TRADE
THE COSMETICS and personal care product trade in India has slowed dramatically following the adoption of a national Goods and Services Tax (GST) on July 1. GST replaced a wide range of other central and state government sales taxes with a streamlined value added tax system, designed to rationalise the operation and location of warehouses, hastening the transport of goods.…
EXPERIMENTING THE KEY TO FULFILLING GROWTH POTENTIAL IN INDIAN HAIR PRODUCTS
INDIA’S 1.3 billion population and a rapidly growing economy provides ideal conditions for the spread of its hair care products market, which, according to market researcher Euromonitor International, is growing at an annual rate of 8%, with sales of USD3 billion in 2016.…
PAKISTAN CORPORATE GOVERNANCE EXPERT HOPES NEW BUSINESS REFORMS WILL PROMOTE PAKISTAN BOARD DIVERSITY
WHILE Pakistan prepares to implement some new reforms to corporate governance rules, a leading female business executive hopes this latest round of reform will lead to greater participation of women on corporate boards as directors.
Economist and business executive Sadia Khan has earned recognition as Pakistan’s leading advocate of improved corporate governance for her work over the past two decades in both the public and private sectors.…
INDIAN ACCOUNTANTS TOLD THEY CAN ACT AS INSOLVENCY PROFESSIONALS
INDIAN accounting regulator the Institute of Chartered Accountants of India has ruled that full time professional accountants can also act as insolvency professionals under India’s Insolvency and Bankruptcy Code 2016. They can charge fees as a percentage of recovery and assets handled under insolvency proceedings, said the institute.…
AFDB AND AFRICAN CENTRAL BANK GOVERNORS WILL COMBINE TO FIGHT ILLEGAL FINANCIAL OUTFLOWS
THE AFRICAN Development Bank (AfDB) has struck a partnership agreement with African central bank governors, promising to boost cooperation on curbing illegal financial outflows, improving tax collection and exchanging domestic financial market information. In a communiqué following a meeting in India, the AfDB said it would help African central banks deepen domestic financial markets through using new financial technologies, promoting the issue of long-term sovereign bonds.…
JAPAN PAINT AND COATINGS SECTOR HAS WEAK YEAR, BUT HOME-BASED PAINT SALES OUTLOOK IS POSITIVE
Paint and varnish manufacturers in Japan experienced a disappointing 2015, with sluggish purchasing from the construction and automotive sectors translating into meagre 0.3% growth over the fiscal year. Analysts predict that growth will pick up in the short term, in part as a result of a spike in demand from the construction sector ahead of Tokyo hosting the 2020 Olympic Games – although industry players are concerned about the longer-term outlook for the sector.…
NIKOLAY GARNEV BUILDS ACCOUNTING CAREER IN CHALLENGING BULGARIA, AS COUNTRY FORGES MODERN ECONOMY
BUILDING a career in auditing in what is often regarded as the most corrupt country in the European Union (EU) is not for the faint-hearted, but that is what Nikolay Garnev, EY manging partner for Bulgaria, Macedonia, Albania and Kosovo, has done.…
BRAZIL EMERGES AS A PROMISING TEXTILE MARKET FOR MAURITIUS
The emergence of Brazil as a major economic power and highly promising market of 200 million inhabitants is luring Mauritian textile producers to foray further in Latin America’s largest national market. Indeed, despite Brazil’s ongoing economic recession, Mauritian textile and clothing exports to the country have more than quadrupled since 2012, according to trade promotion body Enterprise Mauritius.…
INDIA COTTON SHORTAGE LEAVES SPINNERS SCRAMBLING FOR IMPORTS
A SEVERE cotton shortage in India has led local spinners to scramble for imports and prompted a government decision to sell its stock only to small-scale spinning mills within the country.
“The Cotton Corporation of India (CCI) will sell its existing stock, purchased under MSP (Minimum Support Price from farmers), to spinning mills in the MSME (Micro Small and Medium Enterprises) category only,” said a ministry of textiles note, released July 16.…
MOBILE MONEY BOOMS, GIVING MONEY LAUNDERERS NEW MEANS TO CLEAN CRIMINAL PROCEEDS
MOBILE money transactions surged in 2015 across the world – increasing by 31% to reach 411 million mobile money accounts, and this is a critical platform for expanding financial inclusion globally, according to GSMA, a UK-based global mobile industry association, in its February 2016 annual report on the ‘State of the Industry Report on Mobile Money’. …
BEEF PRICES UP ON DHAKA CAFÉ CARNAGE
PRICES of beef in Bangladesh increased more than 7% after the Friday’s terror attack on a Dhaka café, causing India to seal its border, throttling cattle supplies to Bangladesh at the time of maximum demand during the end of Ramadan, traders have said.…
INDIA ANGERED OVER USA SEEKING WTO AUTHORISATION FOR RETALIATORY DUTIES IN POULTRY EXPORT ROW
INDIA has announced it has removed import restrictions on US-made poultry products, but the American government has said it will seek to impose retaliatory duties in case New Delhi’s liberalisation falls short of global trading standards. The planned American duties could cover a wide range of products and would generate USD450 million-a-year in revenue for the US government.…
ASEAN SINGLE MARKET’S EFFECTS ON MEAT AND LIVESTOCK UNDERMINED BY NON-TARIFF BARRIERS AND SMUGGLING
THE COMMON market launched on January 1 by the Association of Southeast Asian Nations (ASEAN) has so far failed to promote a sustainable increase in legitimate intra-ASEAN meat and livestock trades. Instead, imports from outside the bloc, domestic production and US dollar-based smuggling continue to thrive, say experts.…
INDIA ANGERED OVER USA SEEKING WTO AUTHORISATION FOR RETALIATORY DUTIES IN POULTRY EXPORT ROW
THE INDIAN government has reacted with dismay to a US bid to seek World Trade Organisation (WTO) authorisation for retaliatory duties over its retention of restrictions on American poultry exports. The WTO last June told India it should liberalise its bans on imports of poultry products, imposed over concerns that they could be infected with bird flu.…
INDIA’S BRANDED POULTRY MAKERS NERVOUS OVER ANTICIPATED AMERICAN IMPORTS
India’s branded poultry manufacturers are nervously waiting for an inflow of imported poultry products from United States, warning they may lose significant amounts of market share. Sarvana Perumal, senior manager at Suguna Foods, in Coimbatore, Tamil Nadu, told just-food of his concerns, sparked by the Indian government has announcing that health-based barriers blocking American poultry exports had been lifted on July 8.…
KERALA ‘FAT TAX’ COULD DEPRESS MEAT SALES IN SOUTHERN INDIAN STATE
Meat product sales in the southern Indian state of Kerala are expected to fall after the imposition of a new 14.5% ‘fat tax’ on western-style fast food items.
“The tax on food products, which are prepared and sold in branded restaurants like burgers, pizza, tacos, doughnuts sandwiches, burger-patties, pasta and bread-fillings and other items, extra tax of 14.5% will be added as a fat tax,” said T M Thomas Issac, Kerala’s communist finance minister in his budget speech in the state assembly on July 8.…
CONFECTIONERY SECTOR PUSHES TO BOOST SUSTAINABILITY STANDARDS
HAVING a strong reputation for sustainable practice is increasingly a strong marketing card, for the confectionery sector as much as any other consumer industry. But with its extended international supply chains, demonstrating a high regard for environmental good practice is not always easy for the confectionery sector.…
QUALITY OF CONTRIBUTION FROM CANADIAN BOARD MEMBERS IN QUESTION
Business governance experts in Canada have told Board Agenda how they think companies can maximise the ability and performance of their non-executive board members.
Their comments come as concern about the effectiveness of non-execs in Canada has been piqued by media reports that Pierre Beaudoin, a director of Montréal-based comms and finance conglomerate Power Corp, had 20.28% of shareholder votes withheld at a director election in May – usually such elections proffer 100% support.…
POOJA DHINGRA – BRINGS MACAROONS TO INDIA
IF more evidence was needed that India’s sweet bakery and confectionery market was becoming more international and sophisticated, exporters may look to Mumbai’s macaroon specialist Pooja Dhingra, 29.
She owns four Le 15 Patisserie outlets in India’s commercial capital that sell top-class original sweet bakery products.…
MEDITECH TEXTILES MARKET CONTINUES HIGH GROWTH, WITH LARGE ASIA MARKETS A KEY FACTOR
The global meditech textiles market is expected to witness the highest growth – 4.6% from 2015 to 2022 – within the general technical textiles industry, according to an October 2015 report from US-based market research firm Grand View Research (GVR).
With the overall global technical textiles market valued at USD148.5 billion in 2014, and growing at a rate of more than 4% annually, this meditech segment is expected to be worth USD16.4 billion in 2016 and USD19.2 billion in revenues by 2020, according to India-based Future Market Insights (FMI), another market research company.…
INDIAN GEOSYNTHETICS MARKET POISED FOR GROWTH, BUT PROMOTING DEMAND IS TOUGH TASK
THE INDIAN geosynthetics market will double in next four years even though domestic manufacturers are struggling to build awareness about their products, a major conference has been told. A ‘Second Global Geosynthetics Summit, Enhancing Application in the Infrastructure Sector’, held in New Delhi on May 19-20, was jointly organised by Confederation of Indian Industry (CII) and the country’s national ministry of textiles.…
SAKTHI CONFIRMS MILK EXPANSION PLANS
THE DAIRY division of Coimbatore, Tamil Nadu-based ABT industries will invest INR1.8 billion (USD 26.6 million) in the next three years to boost its dairy production, helping meet growing demand for milk and value-added products in India.
C P Charles, senior president operations of dairy division of ABT industries, told just-food: “We want to increase our production from 600,000 litres (of milk) per day to 1,500,000 litres by 2025, just nine years from now.…
INDIAN CLOTHING SECTOR WELCOMES LABOUR AND FINANCIAL REFORMS
Indian garment exporters have widely welcomed a series of financial and labour reforms announced by the government on Wednesday (22 June) designed to make their industry more efficient, although it is being resisted by unions. The cabinet has earmarked additional funding of USD880 million for a duty drawback scheme and to also refund state government levies paid by the garment exporters.…
PEPSI GIVEN GO AHEAD FOR MAJOR PLANT – OFFICIALS CONFIRM
THE INDIAN state government of Karnataka has given PepsiCo India Holdings Private Ltd permission to build a major new soft drinks and snacks manufacturing plant 200km south-west of Bangalore, an official has confirmed to just-food.
A government panel headed by the chief minister Siddaramaiah, a member of India’s opposition Congress Party, has cleared the project, which will be built in Nanjanaugud, Mysore district.…
THAILAND’S CPF AIMS TO CAPITALISE ON MAJOR CHICKEN PLANT INVESTMENT
Thailand-based agro-industrial conglomerate Charoen Pokphand Foods Public Company Limited (CPF) has told just-food it is negotiating with major chicken brands, having opened a new chicken processing plant in Chittoor, Andhra Pradesh, this month (June). Sanjeev Pant, senior vice-president of the food business of CPF (India) Pvt Ltd said: “This new plant has been established with an investment of around USD20 million and is undoubtedly the best chicken processing plant in the country.”…
PRESSURE ON FOR PROGRESS ON EU-INDONESIA FREE TRADE AGREEMENT
Indonesian negotiators must press harder to make progress on the European Union (EU)-Indonesia free trade agreement or textile manufacturers risk losing market share to neighbouring competitors like Vietnam, according to the Indonesian Textile Association (API – Asosiasi Pertekstilan Indonesia). Its chairman Ade Sudrajat told WTiN.com…
INDIAN NUCLEAR INSURANCE COULD FREE COMPONENT SUPPLY BOTTLENECK, HINDERING POWER PLANT EXPANSION
INDIAN nuclear plants have been awarded their first ever nuclear operator’s liability insurance policy, a move that is expected to attract international manufacturers of nuclear components to help in building new power generation capacity. Confirming the policy issued on May 26, Alice G Vaidyan, chairman-cum-managing director of General Insurance Corporation of India (GIC), told Fuel Cycle Week that, USD224 million insurance cover has been provided to all 21 nuclear power plants run by Nuclear Power Corporation of India (NPCIL).…
ADITYA BIRLA UNVEILS AUTUMN WINTER 2017/18 COLLECTION
Aditya Birla Group’s Autumn Winter 2017/18 collection will highlight technical fabrics in addition to exploring indigo denim, tweeds and fancy knits. The collection – to be showcased at Première Vision in Paris this September – will for the first time see Aditya Birla showcase a garment category of sweaters.…
BRAZIL TEXTILE SECTOR MUST INVEST AND INNOVATE TO EXPORT AND SURVIVE – ABIT CONFERENCE TOLD
BRAZIL’S textile sector needs to look to boost exports by producing quality products to survive the current recession, a major industry conference has been told. Brazilian textile and yarns makers must invest, innovate and globalise if they want to ride out the recession, said the majority of speakers addressing the International ABIT Congress, organised by the Brazilian Textile and Apparel Industry Association (ABIT – Associação Brasileira da Indústria Têxtil e de Confecção), staged in São Paulo on June 1 and 2.…
INDIAN NUCLEAR INSURANCE COULD FREE COMPONENT SUPPLY BOTTLENECK, HINDERING POWER PLANT EXPANSION
INDIAN nuclear plants have been awarded their first ever nuclear operator’s liability insurance policy, a move that is expected to attract international manufacturers of nuclear components to help in building new power generation capacity. Confirming the policy issued on May 26, Alice G Vaidyan, chairman-cum-managing director of General Insurance Corporation of India (GIC), told Fuel Cycle Week that, USD224 million insurance cover has been provided to all 21 nuclear power plants run by Nuclear Power Corporation of India (NPCIL).…
SOURCING FROM HOME NOT ALWAYS THE MOST APPROPRIATE METHOD OF PRODUCING SUSTAINABLE CLOTHES
Deciding where to source sustainable fibres and finding ethical manufacturers can be an overwhelming challenge for clothing companies entering the sustainable product market for the first time.
Many experts suggest that sourcing closer to home is the key to a sustainable practice, but Jason Kibbey, CEO of the US-based Sustainable Apparel Coalition, stressed that where materials are sourced from and where manufacturing occurs has no determination on sustainability.…
UNCERTAINTY, LACK OF UPSTREAM INDUSTRY AMONG CHALLENGES IN EMERGING SOURCING DESTINATIONS
UNCERTAINTY might sound like a rather nebulous concern for international clothing brands considering their sourcing, but it can be a very tough problem that undermines operational efficiency up and downstream. It is an especially large challenge for brands who are venturing out to source apparel from emerging sources such as sub-Saharan Africa or Myanmar among others, Dr Patrick J Conway, department chair of economics at the University of North Carolina, USA, told just-style.…
USTR REPORT COMPLAINS OF INTELLECTUAL PROPERTY INFRINGEMENTS IN PHARMA SECTOR
THE UNITED States Trade Representative (USTR) has highlighted its continuing concern about intellectual property rights violations in the pharma sector, citing claims that 20% of medicines sold in India are fakes.
In its annual ‘Special 301 Report’, the USTR said it notes “its particular concern with the proliferation of counterfeit pharmaceuticals that are manufactured, sold, and distributed in trading partners such as Brazil, China, Guatemala, India, Indonesia, Lebanon, Peru, and Russia.”…
TAX OFFICIALS LAY TECHNICAL GROUNDWORK FOR REALISING GRAND BEPS AND COUNTRY REPORTING SCHEMES
THE PRINCIPLES of preventing multinationals shifting profits to low tax jurisdictions and hiding revenues through opaque and complex company structures have been welcomed, and have grabbed big headlines.
But the ability of tax administrations to achieve these goals, in cooperation with accountants and auditors, will depend on detailed and transparent reporting systems, that enable tax offices to swap reports on multiple revenue flows that cross national borders.…
NORTH AMERICAN NONWOVENS SECTOR LEAPS AHEAD IN SALES AND PRODUCTION
In 2015, North America’s manufacturing capacity for nonwovens (regarding the United States, Canada and Mexico) grew from 2014 by 2.4% to reach about 2.77 million tonnes, according to a spokesperson for the US-based Association of the Nonwoven Fabrics Industry (INDA). The United States dominates supplies in the region, making up 91% of capacity.…
BIRLA CELLULOSE’S SPUNSHADES YARN OFFERS QUALITY, LOWER COSTS AND LESS POLLUTION
Birla Spunshades, Aditya Birla’s vibrant, heavy metal-free, coloured spun-dyed viscose fibre, is helping Indian spinner score new orders linked to major international buyers. Fabric made out of Spunshades is being supplied to clients such as British retailer Marks & Spencer (M&S) and Sweden’s Hennes & Mauritz (H&M), to name two big names.…
CASH-STRAPPED RUSSIANS PREFER SAVE FOR LARGER CAR LATER THAN RETURN TO BUYING SMALL CARS NOW
Russian automotive consumers suffering in their country’s current economic recession are delaying vehicle purchases and investing in single, more expensive family cars rather than buy several small cars for individual use, experts have told wardsauto.
They are commenting on data that has confounded predictions that the country’s volatile financial situation would mean a return to purchasing cheaper and smaller car models, such as the Ladas driven during the Communist years.…
PRESSURE ON FOR PROGRESS ON EU-INDONESIA FREE TRADE AGREEMENT
Indonesian negotiators must press harder to make progress on the European Union (EU)-Indonesia free trade agreement or textile manufacturers risk losing market share to neighbouring competitors like Vietnam, according to the Indonesian Textile Association (API – Asosiasi Pertekstilan Indonesia). Its chairman Ade Sudrajat told WTiN.com…
MIDDLE CLASS LIFESTYLES BOOSTS INDONESIA’S MOSQUITO NET DEMAND
Indonesia’s mosquito net industry is facing high demand due to the growing number of middle class consumers in the country and their increasing desire to live a more natural lifestyle, according to Citra Maya, an Indonesian mosquito net supplier.
Arif Novianto, a marketing manager at Citra Maya, told WTiN.com…
India’s growing deodorant retail market
India’s USD475.50 million deodorant retail market (in 2015) will reach USD1.2 billion by 2020, growing at a 21% annual rate on the back of a “very young and willing-to-experiment consumer base”, according to market researcher Euromonitor.
Its analyst Shreyansh Kocheri noted to Soap Perfumery & Cosmetics that with the median age of the Indian population being 27 years, with around 77% of the population being below 45 in 2015, rising incomes have seen these young consumers add new products to their personal care product kits.…
EU STEPS UP SUPPORT FOR EUROPEAN DAIRY SECTOR AS OPTIMISM GROWS ABOUT END TO RUSSIAN BAN
As the European Union (EU) dairy industry continues to face challenges, it is calling for EU institutions and member governments to have a greater focus on resolving Russia’s ban on EU agricultural goods, while continuing to open up new markets. In the meantime, the Russian ban has not helped an oversupply problem that is depressing prices.…
OPTIMISM RISES OVER SOLAR THERMAL ENERGY
The recent start of commercial operations at concentrating solar power (CSP) plants in Africa illustrates the potential for utility-scale CSP to capture an increasing share in the world’s power generation mix.
These plants include the 160 megawatt (MW) Noor 1 in southern Morocco, the foundation of what may become the world’s largest CSP generation site, and the 50MW Khi Solar One in South Africa.…
INDIA’S MOVE TOWARDS IFRS COULD BEING LONG-TERM INVESTMENT GROWTH
While the big Indian corporations finally converge their accounts to International Financial Reporting Standards (IFRS), the government has moved ahead with the phased adoption of these standards by the country’s financial institutions. This measure could enhance foreign investor confidence in Indian companies and boost economic growth.…
INNOVATION, AUTOMATION TO DRIVE NORTH AMERICA’S TECHNICAL TEXTILE INDUSTRY
NORTH America’s textile sector – of which technical textiles comprise nearly 70% production by value in the USA and just below 50% in Canada – has grown slowly when compared with global production. And growth within the industry in North America will further slow by 2020 due to competition from the Asia-Pacific region and Western Europe, according to industry analysts at Euromonitor. …
BANGLADESH CONTINUES INTEGRATED STEEL PRODUCTION GROWTH WITH GPH PLANNING NEW BILLET AND LONG PRODUCT PLANT
Bangladesh’s GPH Ispat Ltd has announced it is building a major integrated steel plant in south-eastern Chittagong city, as the country’s steel sector continues to develop its billet production capacity. The company says is expecting robust demand for long products and billets enabling their production as the Bangladesh government responds to continuing economic growth by financing public infrastructure projects. …
RUSSIAN ENERGY MERGERS PROCEED, BUT MOTIVES ARE SOMETIMES MURKY
The world of mergers and acquisitions in the Russian oil and gas sector can sometimes be as opaque as a matryoshka doll: political interference and considerations are often almost as important as business ones; and takeovers can fall through at the last moment, even as parts of the Russian state’s energy holdings discuss mergers with private national players.…
NEW BIRLA CELLULOSE BUSINESS DIRECTOR SEEKS TO EXPAND NEW LIVA BRAND
The new business director of Birla Cellulose (part of India’s Aditya Birla Group), Dilip Gaur, has his priority set: to build on the popularity of the Liva fabric and take it to new heights.
Barely two weeks into his new position as the head of multi-billion dollar Aditya Birla Group’s cellulose business, Mr Gaur told Twist International, “My focus will be to see how I can scale it up.…
TURKEY DENIM FIRMS SOLIDIFY GLOBAL POSITION WITH QUALITY AND INNOVATION
Turkish denim firms have roared onto the global market in recent years, impressing consumers, terrifying the competition.
These companies are aided by Turkey’s high quality cotton – particularly that produced in the country’s Aegean region on the west coast. Aegean premium cotton is renowned for its ability to retain paint and for its softness and absorbency, all without genetic modification.…
INDIA COTTON PRODUCTION SLUMPS THROUGH DRY WEATHER – SOME GROWING REGIONS FAIL ALTOGETHER
India’s cotton production for the 2015-16 procurement session has slumped by 16% due to insufficient rainfall in several parts of the country, notably a severe drought in the western state of Maharashtra, a key cotton producing area.
Crop failures and continuing water scarcity have damaged the rural economy with tragic consequences.…
PAKISTAN TEXTILE SECTOR LEADER WANTS MORE GOVERNMENT ACTION TO HELP STRUGGLING INDUSTRY
PAKISTAN’S textile sector is struggling as exports are declining, with producers unable to compete with regional countries such as Bangladesh and Vietnam,
Jawed Bilwani, chairman of the Pakistan Apparel Forum has told WTiN.com. In an interview he warned that looking at trade data for financial year 2014-15 compared to 2013-2014: “Our textile exports are declining persistently and are in a state of emergency.”…
INDIA CLOTHING INDUSTRY UPSET AT 2% EXCISE DUTY INCREASE FOR CLOTHING
Branded garments in India will become more expensive after the decision by the central government to impose a 2% excise duty on clothing and other manufactured textile retail items that cost more than Indian rupees INR1,000 (USD14.74), the Clothing Manufacturing Association of India, told just-style.…
BANGLADESH’S BOOMING GARMENT EXPORTS WILL FUEL DEMAND FOR MORE INDIAN COTTON, CONFERENCE HEARS
WITH Bangladesh aiming to double its apparel exports over the next five years, the importance of maintaining secure and quality cotton imports from its top supplier India was underlined at an international conference staged in Dhaka this weekend.
Speakers at the first ‘Bangladesh India Cotton Fest 2016’, on Saturday (March 12) said that Bangladesh and its larger neighbour should establish joint-ventures and foster cross-border investments in the garment sector to strengthen this critically important supply chain.…
DEMAND FOR HOME TEXTILE FINISHING CHEMICALS GROWS IN EUROPE – BUT REGULATORY CONTROLS COULD THREATEN SOME SUPPLIES
GROWING demand for European home textiles, particularly in western Europe, is boosting demand for chemical finishes and dyes used in these products. Water and soil repellent finishes as well as flame retardant chemicals remain popular, but companies are also increasingly turning to more environment-friendly alternatives.…
OECD MINISTERS AGREE TO BEEF UP ANTI-BRIBERY ENFORCEMENT
Ministers from 41 countries worldwide have pledged more robust enforcement of the Organisation for Economic Co-operation & Development’s (OECD’s) convention on combating bribery of foreign public officials in international business transactions. The pledge came in a declaration on the 17-year-old convention at an OECD Anti-Bribery ministerial meeting held yesterday (March 16) in Paris.…
INTERNATIONAL REGULATORY ROUND UP – EU CONFECTIONERS WARN OF EUROPEAN SUMMER SUGAR SHORTAGES
THE COMMITTEE of European Sugar Users (CIUS) has called on the European Union (EU) to take urgent action to prevent EU confectionery and sweet bakery manufacturers facing a sugar supply crunch this summer. In a strongly worded message, the industry group has said that duties and levies should not be imposed on supplies of beet and cane sugar and the EU’s cane sugar ‘CXL’ duty should be scrapped immediately.…
INTERNATIONAL REGULATORY ROUND UP – EU SUGAR INDUSTRY WANTS GLOBAL AGREEMENT LIMITING SUBSIDIES
THE EUROPEAN Association of Sugar Producers (CEFS) and the European Federation of Trade Unions in the Food, Agriculture and Tourism sectors (EFFAT) have called for the European Union (EU) to push for a global agreement ending all subsidies and other trade-distorting policies affecting the sugar sector.…
INDIA’S MOVE TO BOOST RURAL POWER SUPPLIES WILL EXPAND GREEN DECENTRALIZED ENERGY
INDIA’S decentralised power generation industry is expected to be boosted by a central government initiative to bring electricity to thousands of villages, while investing in renewable power sources. “The government is committed to achieving 100% village electrification by May 1, 2018,” said Arun Jaitley, the Indian finance minister on February 29, while presenting the national government budget for the financial year 2016-17.…
UAE FRAGRANCE MARKET DIVERTS TO THE NICHE AND EXCLUSIVE
THE UNITED Arab Emirates’ (UAE) fragrance retail market (unisex and those targeted at female and male consumers) experienced healthy growth in 2015 compared to 2014, increasing 8% in value terms to reach Emirati Dirham AED2.23 billion (USD607.2 million), according to market researchers Euromonitor International.…
DEMAND FOR HOME TEXTILE FINISHING CHEMICALS GROWS IN EUROPE – BUT REGULATORY CONTROLS COULD THREATEN SOME SUPPLIES
GROWING demand for European home textiles, particularly in western Europe, is boosting demand for chemical finishes and dyes used in these products. Water and soil repellent finishes as well as flame retardant chemicals remain popular, but companies are also increasingly turning to more environment-friendly alternatives.…
INTERNATIONAL SOURCING CHOICES REQUIRE INSIGHTFUL DECISIONS FROM BRANDS
WHILE international clothing buyers today have a lot of sourcing choices, this multiplicity of options can bring its own management headaches, making it important that brands make subtle, complex and fluid purchasing decisions to keep ahead of the competition, Global research firm McKinsey’s biannual sourcing survey – last published in 2015 – of chief procurement officers (CPOs) at leading apparel companies is an interesting window onto today’s complex sourcing landscape.…
BRANDS INCREASINGLY CONSIDER SOURCING CLOSER TO HOME
With fast fashion demands growing and China’s costs rising, sourcing closer to home is certainly becoming a more commonly considered option for brands, speeding up clothing and textile supply chains, being particularly beneficial for smaller producers, according to experts. Companies sourcing locally can have faster turnaround times, potentially better relationships with suppliers, and greater quality control.…
ARTIFICIAL INTELLIGENCE WILL BE THE FUTURE OF AML, CLAIM EXPERTS
Experts predict artificial intelligence-based technology may underpin anti-money laundering (AML) measures within the next decade. With artificial intelligence (AI), or cognitive computing, services already providing significant applications in the financial crime prevention industry, several companies have begun developing and commercialising AI-based technology for AML.…
MUMBAI MEAT TRADERS UNHAPPY AT AIRPORT AREA SALES RESTRICTIONS
Meat traders in the Indian financial capital of Mumbai are concerned about a potentially precedent-setting tightening of restrictions on sales within a 10 kilometre radius of the city’s Chhatrapati Shivaji International Airport. The goal of the rules is to cover meat being sold outside shops in the area and to carefully dispose of waste so that birds are not attracted close to the airport – causing an accident hazard to planes.…
IRAN’S NON-FERROUS METAL SECTOR POISED FOR GROWTH AS SANCTIONS TUMBLE
The easing of international commercial sanctions against Iran is likely to boost both the country’s exports of non-ferrous metals and ores, well as foreign investment in the sector.
The Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO) is the key government agency boosting this work and it announced on March 14 that it had signed a memorandum of understanding with the China’s Sinosteel Corporation to establish an alumina production plant and aluminium factory in Iran, along with an associated power plant supplying on-site electricity.…
INDIAN GOVERNMENT PROMISES TO EARMARK ANNUAL SPENDING TO BOOST NUCLEAR SECTOR
India plans to infuse USD440 million every year into its nuclear power sector to finance an ongoing programme of new projects, according to Arun Jaitley, the country’s finance minister.
“[The] government is drawing up a comprehensive plan, spanning next 15 to 20 years, to augment the investment in nuclear power generation,” Jaitley told the Indian parliament on February 29.…
INDIA SEEKS INCREASED URANIUM SUPPLIES AS IT EXPANDS ITS NUCLEAR POWER SECTOR
Uranium suppliers are increasing their focus on India’s rapid nuclear power development programme and plans to build a nuclear fuel stockpile. The Indian government has set an expansion target of generating 14,600 megawatts (MW) a year from nuclear power plants in India by 2024.…
INDIA BATTLES TO CONTAIN TOBACCO SMUGGLING BOOM
India is battling to contain a boom in organised cigarette smuggling, which is fuelled by high domestic taxes, complex regulations and weaker criminal penalties compared to those levied for trading in other contraband. This trend is becoming a “growing threat to the national interests of not [only] India but several economies worldwide,” according to a detailed assessment called ‘Emerging Challenges to Legitimate Business in the Borderless World,’ released in January.…

Nuclear deal may have swept away many sanctions, but Iran struggles to mesh with global financial system
The Islamic Republic of Iran has had to deal with financial sanctions imposed by the United States following the revolution in 1979, and then ramped up during the Bill Clinton and George W Bush administrations. But it was the multilateral financial sanctions imposed by United Nations Security Council resolutions (UNSCRs) and the European Union (EU) from 2007 onwards, and particularly in 2011, that hit Iran even harder, further narrowing an already limited window to operate financially in international terms.…
INDIA REMOVES CUSTOMS EXEMPTIONS ON MEDICINES TO BOOST LOCAL PRODUCERS
THE INDIAN government has removed customs duty exemptions on 74 medicines, a Central Board of Excise and Customs (CBEC) notification has said. The goal is to encourage the domestic manufacture of a wide range of medicines, which are currently largely imported, by raising the price of foreign made drugs.…
FAKE KNITWEAR PRODUCTS FLOOD INDIAN MARKET FROM PUNJAB MANUFACTURING HUB, SAYS REPORT
Counterfeit knitwear and garments are flooding the country’s markets, according to accountants Grant Thornton and the Federation of Indian Chambers of Commerce and Industry (FICCI), and clothing industry concern is growing about the role of north Indian knitwear hub of Ludhiana.…
OUTSOURCING COUNTRIES KEEN TO USE OR IMPROVE ON EU GSP+ TRADE ACCESS STATUS
SPECIAL trade access to developed countries is always a boon to emerging market suppliers, and the European Union’s (EU) GSP+ system is especially sought after, and – noted a recent European Commission report – widely utilised.
GSP+ suspends EU duties on 66% of EU tariff lines, while for standard GSP, these same duties are merely reduced.…
INDIA’S HERITAGE FOOD HUNTS FOR STRATEGIC PARTNERS
Hyderabad-based Heritage Foods Ltd is looking for strategic retail partners, according to Dharmender Matai, the company’s chief operating officer – retail and bakery division has confirmed. Telling just-food that the company’s board appointed KPMG to scout potential collaborators in January, he added: “We are looking for financial and or strategic partners in the retail business.”…
INDIAN GOVERNMENT SUPPORT WELCOMED AS WAY TO GROW TECHNICAL TEXTILE SECTOR
THE INDIAN government’s decision to increase its available subsidies to help companies purchase new textile machinery from 10% to 15% will boost the investment in the country’s technical textile sector, which has been struggling to build big capacities.
Under the ‘Amended Technology Upgradation Fund Scheme (TUFS)’, from January 14 (2016), a producer of technical textiles can avail itself of up to USD4.5 million as capital investment subsidy.…
RUSSIA CRISIS OVERSHADOWS KEY TURKISH YARN FAIR, BUT ORGANISERS BULLISH ABOUT ITS IMPACT
Organisers of the 13th annual Istanbul Yarn Fair remain optimistic about the future of Turkey’s yarn segment, despite the country’s recent diplomatic crisis with Russia depressing this year’s turnout.
“Although the recent political issues have affected the number of Russian buyers who come to the fair, the relationship between Turkey and Russia is very strong and [built on a long history],” said Gülbin Bozkurt, project group director of Tüyap Fairs and Exhibitions Organization Inc, which organised the fair.…
INTERNATIONAL REGULATORY ROUND UP – END OF EXPORT SUBSIDIES WILL CHALLENGE CONFECTIONERY SECTOR
EUROPEAN confectionery manufacturers have urged caution over the impending end of food export subsidies, which will be scrapped after a World Trade Organisation ministerial meeting in Nairobi, Kenya. Developed country members have promised to remove export subsidies immediately for basic food products, with a slower phase-out for many processed foods.…
BANGLADESH BATTLES TO REMEDY BANKING ILLS AFTER MAJOR FINANCIAL SCANDAL
Inspired by one of its biggest ever banking scandals, Bangladesh has launched a host of reforms to bolster internal control in public banks, but it is finding it difficult to fix the problem. Politics continues to threaten implementing the anti-fraud measures.…
OECD SAYS AUTO MANUFACTURERS CAN PROFIT FROM FOLLOWING TOUGHER GREEN REGULATIONS
Automotive industry experts seem to agree – past concerns that tough environmental laws could force auto-manufacturing from a green jurisdiction to a country or region with laxer controls, no longer see to apply.
In doing so, industry specialists are backing the conclusions of a new report from the world’s largest think-tank, the Paris-based Organisation for Economic Co-operation & Development (OECD), which said following tighter environmental rules can be good business.…
INDONESIA’S SARONG SALES TO RISE, BUT GOVERNMENT COULD HELP BOOST EXPORTS
A LEADER of Indonesia’s important sarong manufacturing industry has told WTiN.com that he expects sales in this sector to rise by 20% this year compared to 2015. Anies Soengkar, chairman of the Indonesian Textile Association (API – Asosiasi Pertekstilan Indonesia) branch in the key sarong producing centre of Pekalongan, central Java, said domestic and export sales were healthy.…
INDONESIA FACES TOUGH REGIONAL COMPETITION, BUT INDUSTRY IS OPTIMISTIC ABOUT FUTURE SUCCESS
Free trade agreements with the United States and Europe are essential if the Indonesian textile market is to flourish and compete with strong regional rivals, according to analysts and sector leaders.
The Indonesian government has said it wants to sign the Trans-Pacific Partnership (TPP) agreement agreed by 12 Pacific Rim countries last October (2015).…
INDIA TEXTILE INDUSTRY WELCOMES TEXTILE INPUT DUTY REDUCTIONS
The Indian government has reduced custom duty on several fibres and yarns from 5% to 2.5% to help the country grow backwards linkages for its important clothing manufacturing sector. The textile sector has welcomed the move. Naishadh Parikh, chairman of the Confederation of Indian Textile Industry (CITI) said: “The reduction in customs duty would certainly improve India’s competitiveness.”…
OECD SAYS GREEN REGULATIONS CAN OFFER ADVANTAGES TO TEXTILE MANUFACTURERS
A report released yesterday (Mar 10) by the Organisation for Economic Co-operation & Development (OECD) has advised textile manufacturers to support government efforts to tighten environmental rules, saying they are unlikely to cause a loss of business.
The report is an attempt to dispel the widely-held view that tighter environmental rules increase costs and damages business – especially in emerging market manufacturing hubs.…
DEAD HAND OF ETHIOPIAN GOVERNMENT RESTRICTS TURKISH TEXTILE INVESTMENTS
BUREAUCRATIC red tape in Ethiopia has stymied Turkish firms’ once ambitious plans to set up shop in the country’s low costs textiles sector. “When you involve the government, this bureaucracy starts,” warned Kemal Oznoyan, a coordinator with Turkish textiles company Ayka Textile, whose Ethiopian subsidiary Ayka Addis has operated a USD140 million textile factory at Alemgena, west of the capital Addis Ababa, since.…
EUROPEAN COMMISSION GETS TOUGH OVER FOREIGN PROCUREMENT DISCRIMINATION – BUT TEXTILE INDUSTRY WANTS FAIR DEALING TO SPRING FROM TRADE DEALS
A new bid by the European Union (EU) to open up public procurement contracts in world markets to all competitors has run into immediate trouble in the textiles sector where the US industry has launched a swift and forceful (though hardly unexpected) rejection of the idea.…
NUCLEAR DEAL MAY HAVE SWEPT AWAY MANY SANCTIONS, BUT IRAN STRUGGLES TO MESH WITH GLOBAL FINANCIAL SYSTEM
Following the international agreement limiting its nuclear power ambitions, Iran is essentially open for business. However, certain US sanctions remain in place, adding to Western banks’ caution in dealing with Iran, long a pariah to global investors and bankers. Indeed, the biggest challenge will be reintegrating Iran’s financial institutions back into the international system after their years’ long experience of dealing with, and circumventing, sanctions.…
HONG KONG AND MACAO MAY BAN MONEY LAUNDERING, BUT ENFORCEMENT OF LAWS IS UNEVEN
Back in March 2014, a Hong Kong businessman named Joseph Lau Luen-hung was sentenced in absentia to five years and three months in prison by Macau’s Court of First Instance.
Lau had been found guilty, along with along with fellow businessman Steven Lo Kit-sing, of money laundering and paying a Hong Kong dollars HKD20 million (USD2.5 million) bribe to Macau’s former secretary of public works, Ao Man Long, who is himself serving a 27-year jail term (for bribery charges).…
INTERNATIONAL COTTON PRICES COULD RISE THROUGH PAKISTAN’S GROWING DEMAND FOR IMPORTS
International cotton prices are expected to rise because Pakistan is importing more than five million bales of cotton this season, mostly from India, to compensate for a 34% fall in domestic production year-on-year caused by bad weather and pests. “Due to heavy rains, not only the cotton in the fields was spoiled but the pesticides and fertilizers were also diluted, leading to pink bollworm attack,” Khawaja Tahir, chairman Karachi Cotton Association (KCA), told WTiN.…
RUSSIA CRISIS OVERSHADOWS KEY TURKISH YARN FAIR, BUT ORGANISERS BULLISH ABOUT ITS IMPACT
Organisers of the 13th annual Istanbul Yarn Fair remain optimistic about the future of Turkey’s yarn segment, despite the country’s recent diplomatic crisis with Russia depressing this year’s turnout.
“Although the recent political issues have affected the number of Russian buyers who come to the fair, the relationship between Turkey and Russia is very strong and [built on a long history],” said Gülbin Bozkurt, project group director of Tüyap Fairs and Exhibitions Organization Inc, which organised the fair.…
ASIA REGULATORY ROUND UP - CHINA TIGHTENS MONEY LAUNDERING REPORTING REQUIREMENTS
CHINA’S central bank, the People’s Bank of China (PBC), has issued a new anti-money laundering and terror finance reporting requirements for all financial institutions inside the country. The rules come into force July 1. They cover banks, brokers, foreign exchange, online and mobile payment systems and insurance companies, who will have to file reports to the central bank, via their headquarters or via representative institutions, if a client requires daily cash transactions exceeding Chinese Yuan Renminbi CNY50,000 (USD7,261) or a larger amount of USD10,000’s worth in foreign currency.…
INDIA’S PATANJALI AYURVED PLOTS EXPANSION OF SALES OVERSEAS, AS DOMESTIC REVENUES BOOM
Mr Balkrishna, who also owns 94% of the company shares, criticised the judgement from the additional district magistrate in Patanjali Ayurved’s home city of Haridwar, Uttarakhand, who fined the company Indian Rupees INR1.1 million Rupees (USD16,100) for selling certain food products, including mustard oil, in 2012 with its own labels, as Patanjali products, even though they had been manufactured by another company.…
INDIA DOMESTIC PHARMA MARKET WILL BOOM WHILE EXPORTS ARE HELD BACK – FORECAST
FOR India’s pharmaceuticals sales are expected to reach USD55 billion in 2020 from the current level of USD18 billion, although growth in exports of Indian-made medicines will be slower, predicts a research report released by Associated Chambers of Commerce and Industry of India (ASSOCHAM) and New York-based consultancy firm TechSci Research.…
DEVENDRA CHAWLA SAYS INDIANS WILL EXPERIMENT WITH FOOD CHOICES, BUT BRANDS SHOULD FOCUS ON TRADITION
Devendra Chawla, group president of food and fast-moving consumer goods (FMCG) at India’s Future Group, has a clear view of how the Indian branded food sector is and has been developing: while Indian consumers love to try new products, they prefer them to be spiced with some familiar flavours from the past.…
INDIAN BREAKFAST BRAND LAUNCHES DIRECT SALES OUTLETS
Indian breakfast cereal maker Bagrry’s India Ltd is starting a fast food chain, with its first quick service restaurant to open in February within New Delhi. A key focus will be take-out: “We will offer healthy food items which are well packaged and convenient to take on the move,” Aditya Bagri, Bagrry’s India director told just-food.…
INDIA FOOD FORUM – THE CHANGING INDIAN FOOD CONSUMER - BRIEFING
MILLENNIAL CONSUMERS ARE SHAKING UP INDIAN MARKET
The emergence of the millennial generation – those born between 1980 and the early 2000’s – is going to drive how consumption, including that of food, takes place in India, according to retail and manufacturing heads at the India Food Forum, which was held in Mumbai between January 19 and 21.…
TAMPER PROOF HOLOGRAMS FAILING TO DENT INDIA MARKET IN COUNTERFEIT AND SMUGGLED SPIRITS SAYS REPORT
THE USE of tamper proof holograms on spirits bottles to control sales of counterfeit product in the Indian states of Punjab and Himachal Pradesh has had little effect, a research report released in New Delhi on January 15 (Friday) claimed. Indeed, regarding spirits counterfeiting in these states and elsewhere in India, “the complexity and degree of menace has continued to rise sporadically,” said the paper.…
REGULATORY ROUND UP - BANGLADESH KNITWEAR SECTOR HEALTH AND SAFETY PROGRESS UNDER EU, USA AND ILO MICROSCOPE
PROGRESS made by Bangladesh’s knitwear sector in improving its health and safety standards will come under scrutiny this spring, through the Bangladesh Sustainability Compact. A second stock-taking meeting of the International Labour Organisation (ILO), European Union (EU) and United States-led ‘Compact for Continuous Improvements in Labour Rights and Factory Safety in the Ready-Made Garment and Knitwear Industry in Bangladesh’ was to be held on January 28.…
IRAN DEVELOPS AIRPORT EXPANSION PLANS FOR A POST-SANCTIONS WORLD
With multilateral sanctions against Iran being eased as a result of its agreement over limiting its nuclear industry ambitions, the country is slated to invest up to USD10 billion on its airports, expecting a surge in tourists and passenger traffic. But while projects are being announced, no tenders have yet been inked, reflecting its government and potential bidders need for greater clarity in remaining sanctions regime.…
INTERNATIONAL REGULATORY ROUND UP - WORLD TRADE ORGANIZATION BANS EXPORT SUBSIDIES
FOOD and drink export subsidies are to be scrapped after a World Trade Organisation ministerial meeting in Nairobi, Kenya, agreed to phase out these trade sweeteners. Developed country members have promised to remove export subsidies immediately for basic food products, with a slower phase-out for many processed foods and drinks, pigmeat and dairy products.…
INDIA COUNTERFEITING CONFERENCE HEARS HOW COUNTRY’S BOOMING ECOMMERCE IS FUELLING SALES OF FAKES
INDIA’S fast growing online retail sector is providing a ready platform for purveyors of counterfeit cosmetic products, an international conference on ‘Illicit Trade Threat to National Security & Economy’ has been told.
Organised by the Federation of Indian Chambers of Commerce & Industry (FICCI) on Friday (January 15) in New Delhi, the conference brought together international security and enforcement officials, trademark professionals, online retailers and major brand owners who tried to synchronise their strategies in the fight against such illicit trades.…
INDIA’S MARKET FOR MALE GROOMING PRODUCTS IS GROWING
India’s market for male grooming products will grow at an annual rate of 22% in the next five years, with social pressure for men to look good increasing, along with rising per capita income and rapid urbanization. So says ‘Men’s Grooming Market in India 2015-2020’, a report by Research and Markets, released in September (2015).…
RUSSIA TEXTILES SECTOR WARNS AGAINST BLOCKING TURKISH INPUTS
An unofficial ban on the import of raw textile materials from Turkey has left Russian textile enterprises struggling to find alternative supplies among local manufacturers and maintain their production cycles. The situation has escalated so far that Russia’s ministry of industry and trade has recently asked industry representatives to compile a ‘white list’ of Turkish exporters who would be able to continue shipments to Russia, while the government in Moscow weighs the possibility of an official embargo on Turkish textiles.…
BANGLADESH LIKELY TO BECOME WORLD’S TOP COTTON IMPORTER THIS YEAR
Bangladesh is set to become the world’s largest cotton importer, with China’s cotton consumption waning and its south Asian rival expanding its textile manufacture. Bangladesh’s apparel and textile industry is boosting its spinning capacity to handle this growth.
The latest statistics from the International Cotton Advisory Committee (ICAC) suggests Bangladesh soon will overtake China as the world’s biggest importer of fibre (lint).…
TRINIDAD CNG CONVERSION PROGRAMME TO TAKE ADVANTAGE OF CHEAP NATURAL GAS
Thanks to the introduction of a tax incentive scheme launched by the government of Trinidad & Tobago, auto converters and dealers in the country are increasingly talking up Compressed Natural Gas (CNG) as a clean auto fuel for vehicles on the twin island Caribbean state.…
WORLD TRADE ORGANISATION DEAL WILL BLOCK BIOETHANOL EXPORT SUBSIDIES
Export subsidies for bioethanol and biofuel feedstocks in general are to be scrapped after a World Trade Organization ministerial meeting in Nairobi agreed on Friday (18 December) to phase out the trade sweeteners. The deal covers exports of soy, sugar, corn oil, palm oil, cotton oil and other feedstocks, including animal and vegetable wastes that are of importance in the development of second generation biofuels.…
RUSSIA/EGYPT NUCLEAR POWER PLANT DEAL FACES TECHNICAL AND SECURITY CHALLENGES BUT HAS POLITICAL FAIR WIND
WHILE Russia has signed an agreement deal to build a nuclear power plant (NPP) in Egypt, a move that would give the Middle East and North Africa (MENA) region its only NPP with third generation plus technology, significant obstacles remain before operations could be launched.…
INDIAN BLACK CHICKEN PRODUCERS SEEK GEOGRAPHICAL INDICATION TO BOOST TRADE
Authorities in the central Indian state of Madhya Pradesh are trying to acquire national geographical indication (GI) protection for a nutritious variety of ‘black chicken’ called ‘Kadaknath’, to promote national and maybe overseas sales. Its dark meat is prized and priced highly for its low cholesterol, low fat and high protein content.…
MULTI-FUNCTIONALITY HELPS PROTECTIVE COATINGS COMPANIES MARKET THEIR WARES
Innovative protective coatings have always been marked on their ability to deliver a function with excellence. However, there is real marketing gold where companies can demonstrate that coatings deliver a range of protective functions at the same time, such as waterproofing, insulating, and protecting aesthetics.…
WTO SCRAPS EXPORT SUBSIDIES ON MEAT EXPORTS
MEAT exporting countries worldwide will be scrapping export subsidies after a World Trade Organisation (WTO) ministerial meeting in Nairobi agreed on Friday (Dec 18) to phase out these distortive trade sweeteners.
Developed country members have committed to remove export subsidies immediately for basic food products, with a slower phase-out schedule for pigmeat, all processed foods and dairy products.…
KOBE EYES STEEL WELDING SALES IN BANGLADESH’S SHIPBUILDING SECTOR
Japan’s Kobe Steel’s (Kobelco) has entered the Bangladesh market as it aims to gain a toehold in the south Asian nation’s growing shipbuilding sector, focusing on high titanium oxide-based welding rods designed to connect mild steel sheets. The third-largest steel maker in Japan, annual revenues of USD16 billion has already delivered 100 tonnes of welding electrodes, which will be marketed among shipbuilders by its local partner TSI Marine Ltd.…
ADITYA BIRLA INDONESIAN MILL BLAZED TRAIL FOR NEW GLOBAL SUSTAINABLE FIBRE SOURCING POLICY
Good sourcing practice at the Indonesian mill of India-based viscose fibre giant Aditya Birla has paved the way to the company’s commitment this month to a global policy to eliminate sourcing materials from ancient and endangered forests, according to the international environmental group that helped develop the policy.…
PAKISTAN INDUSTRY SUFFERS FROM VACANT MINISTERIAL POSITION IN TEXTILE MINISTRY
THE PAKISTAN government led by Prime Minister Nawaz Sharif is actively looking for the right minister to steer the textile sector out of its current distress, after former federal minister for the textile industry Abbas Khan Afridi stepped down in March.…
VIETNAM GARMENT SECTOR SET TO INCREASE RELIANCE ON US YARN AFTER GAINING TPP FREE-TARIFF TREATMENT
Although the final details of the Trans-Pacific Partnership (TPP) trade agreement have yet to be agreed, it is all but certain that the TPP’s free-tariff treatment for Vietnamese garments will see substantial amounts of yarn being shipped from US textile mills to garment factories in Vietnam, with the resulting clothing returning to the USA as finished ‘Made in Vietnam’ products.…
NEPAL MEAT INDUSTRY DEVASTATED BY EARTHQUAKE
Authorities in the earthquake-stricken Kathmandu have banned the sale of meat and the slaughtering of livestock including poultry across the Nepali capital, because of concerns about disease. Meat traders in the rest of Nepal have already been affected by falling sales and depressed prices.…
INDIA BUFFALO MEAT EXPORTS ON THE RISE
Indian buffalo meat exports have risen by 10% to USD4.78 billion in the financial year ending March 2015, according to provisional data released by India’s Directorate General of Commercial Intelligence and Statistics on Friday (May 8).
The results backed the findings of an April report by the United States Department of Agriculture (USDA), entitled ‘Livestock and Poultry: World Markets and Trade’, which concluded: “Larger [beef and veal] shipments from India … [have] more than offset declines by Brazil, Uruguay, and the United States.”…
US-INDIA RELATIONS STALLED OVER PHARMACEUTICAL INTELLECTUAL PROPERTY SQUABBLE
American pharmaceutical industry officials and trade groups remain cautiously optimistic that intellectual property (IP) negotiations with India can be resolved to the benefit of both nations’ medicine sectors. For now, however, India remains on a so-called ‘priority watch list’ of nations the US is urging to address key IP protection concerns.…
INDIA CRITICISED OVER FAKE MEDICINES BY EUROPOL
INDIA’S failure to prevent the manufacture and export of counterfeit medicines from its territory has been noted by a new European Union (EU) report. It was written by EU police agency Europol, the Office for Harmonisation in the Internal Market (OHIM) on trademarks and designs.…
SRI LANKA UPBEAT ON REGAINING GSP PLUS CONCESSION
Sri Lanka’s government remains positive about the possibility of regaining its Generalised Scheme of Preferences Plus (GSP+) concession status from the European Union (EU), which would probably boost the country’s knitwear exports. This privileged trade access status might help the country’s clothing industry overall achieve an ambitious target of earning USD8.5 billion from exports by 2020.…
AMCHAM HOPEFUL FOR TPL EXTENSION FOR BAHRAIN THIS YEAR
The president of the American Chamber of Commerce in Bahrain has told just-style he is working closely with the US Congress to secure a Tariff Preference Level (TPL) extension for the Gulf island kingdom this year. It would allow Bahrain exporters to continue selling apparel and textiles, among other goods, into the USA tariff-free. …
INTERNATIONAL AND REGIONAL SCHEMES PROMOTE SUSTAINABILITY
In recent years, brands that source from textile and garments manufacturers in Asia have been targeted by bad publicity for everything from poor wages, long hours and dangerous exposure to chemicals and unsustainable use of water.
In response, they have tended not to work unilaterally but to sign up for either regional or international standards schemes, or co-operate on open platforms, where knowledge is shared.…
NEW CHOCOLATE BRAND LUVIT LAUNCHED IN INDIA
India’s Indian Rupee INR68 billion (USD1.06 billion) chocolate market has a new player competing for sales – LuvIt, launched by Bangalore-based Global Consumer Products, LuvIt. It will compete for sales along with Mondelez’s Cadbury and Nestlé. The former commands 70% of the chocolate market share in India.…
INDIA’S HAIR CARE PRODUCT MARKET IS GROWING FAST
THE INDIAN hair care market – estimated at being worth Indian Rupees INR152 billion (USD 2.3 billion) in 2013-14 (Source: Madras Consultancy Group) is growing, through the young and thriving Indian middle class, a general retail boom and cosmetics and personal care product marketers targeting smaller towns and rural areas.…
EUROPOL FOCUSES ON GOODS COUNTERFEITING – CLOSING DOWN FAKE BRANDS WEBSITES
The latest report from European Union (EU) police agency Europol report has revealed the true extent of “the complex reality” of counterfeit goods networks across Europe. But what are the latest scams and how successful has Europol been in tackling them?…
NEW ‘SMART CITIES’ WILL INCREASE SALES OF COATINGS PRODUCTS
An Indian government’s plan to develop 100 cities as ‘smart cities’ with modern infrastructural services would provide an incremental growth to the sales of high-end paint and coating products, said speakers at the 6th National Conference on Construction Chemicals 2015, held on May 8, in New Delhi.…
BANGLADESH AUDIT CHIEF SEEKS ACCA HELP TO KEEP PUBLIC SPENDING CLEAN
IN a fast-growing emerging economy such as Bangladesh, companies and consumers alike can sometimes play fast-and-loose with the truth to hide financial wrongdoing and commit frauds, but they will have to reckon with Bangladesh’s Comptroller and Auditor General Masud Ahmed and his staff.…
BANGLADESH’S AUDITOR GENERAL WANTS TO LEVERAGE GOOD PRACTICE INTO THE ECONOMY THROUGH MODERN AUDITING
Bangladesh’s top auditor understands only too well the key role strong auditing can play in an emerging economy such as his own country – for good or ill. Indeed, he does not mince his words when he recalls the role auditors played in Bangladesh’s 2011 capital market collapse that ruined millions of small investors.…
ROW OVER INDIA-BANGLADESH JUTE TRADE COULD BECOME BITTER
A dispute over the amount of Bangladesh-made jute being exported to India is increasing tensions between the two countries who are accusing each other of unfair trade practices, while at the same time subsidising their industries.
“The import [of jute from Bangladesh] is rising every year and it is a matter of concern,” Santosh Gangwar, India’s minister for textiles told the Lok Sabha, the lower house of the Indian parliament in March.…
MONEY LAUNDERERS EVER MORE INVENTIVE SAY DIRTY MONEY EXPERTS AND INSIDERS
TO discover the best intelligence on money laundering, sometimes it is best just to ask the money launderers. Take China. There are numerous ways of getting dirty money out of China. The most common include smuggling a satchel of banknotes to Hong Kong (where Chinese Yuan Renminbi (CNY) is convertible), where it is washed through an over-priced (for quick transaction) purchase of real estate in the city, several Hong Kong real estate agents told the Money Laundering Bulletin.…
BOVINE MEAT GREY MARKET FLOURISHES BETWEEN INDIA AND CHINA
A GREY market trade in bovine meat products between India and China is flourishing, globalmeatnews.com can reveal. Meanwhile, the Indian government is pressing China to allow official access for Indian beef, pork, goat and lamb exports, which it claims have been blocked on alleged health grounds.…
INDIA CATTLE SMUGGLING CRACKDOWN PROMPTS PRICE HIKES IN BANGLADESH
BANGLADESH meat traders have warned that cattle prices are spiralling in the country after the Indian government cracked down on cross-border smuggling, increasing scarcity. The Bangladesh Meat Traders Association secretary general Robiul Alam told GlobalMeatNews: “It’s a calamitous time…We’re ruined. Every day, prices of cows are rising as supply is short.…
CHINA GARMENT MANUFACTURING LOSSES MAYBE EXAGGERATED, BUT INDIA AND BANGLADESH ARE GROWING SALES
After years of strong economic growth, salaries of Chinese clothing makers have increased, resulting in more expensive Chinese textiles and clothing manufacturing. But while cheaper outsourcing locations such as Cambodia, Vietnam, Bangladesh and India have picked up the slack, experts both in China and abroad have yet to buy into the notion that garment production is dramatically shifting out of China.…
MIDDLE EAST - HALAL MEAT MARKET
THE MIDDLE Eastern halal meat market is anticipating significant growth in the next few years, driven by rising populations and rising consumer awareness about food content. However, the lack of a common global halal standard is hindering the market’s potential, given that the region is heavily dependent on imports from non-Muslim countries.…
INDIA ICE CREAM COMPANY PLOTS NATIONAL EXPANSION
INDIA’S Devyani Food Industries Private Ltd is expanding its ‘Cream Bell’ ice cream brand nationally, aiming to double its sales in the next five years, the company has told just-food.com. “We have grown from USD8 million sales in 2009 to USD80 million in 2015, a growth rate which is twice that of the [ice cream] industry [overall],” Nitin Arora, CEO of Devyani told just-food.com.…
INDIA FACES TECHNICAL CHOICES OVER MILK STANDARDS – COLD CHAIN OR UHT?
Dairy and energy sector experts are optimistic about effective cold chain solutions being developed for India’s dairy sector in the near future. Speakers at a two-day seminar on New Technologies for Milk Processing, staged in Mumbai at the India International Dairy Expo that concluded April 24, focused on a two way approach: using innovative energy solutions to improve milk delivery systems; better packaging to enhanced product shelf life.…
COCA COLA BLAMES RED TAPE AND ACTIVISM FOR SOUTH INDIA PLANT CANCELLATION
Coca Cola’s plans to build a USD80 million bottling plant in in the south Indian state of Tamil Nadu have been cancelled after strong opposition by local communities and environmentalists over groundwater exploitation. The state government has now withdrawn its permission citing non-compliance of terms and conditions which included that construction would begin in 2014.…
SOFTWARE COMPANY BOSS GETS SEVEN YEARS JAIL FOR SATYAM SCAM
A court in Hyderabad, India, has sentenced the founder of software company Satyam, Ramalinga Raju, to seven years imprisonment for his part in the country’s biggest ever accounting fraud case, brought by the Indian anti-fraud office the Central Bureau of Investigation (CBI) in 2009.…
India pushing Swiss tax authorities for details of Indian HSBC customers
INDIAN tax authorities are pushing their Swiss counterparts to disclose financial details of Indian nationals with accounts at HSBC Switzerland.
The Swiss Federal Tax Administration has written to HSBC, listing individuals the Indian tax authorities have identified as potentially evading tax, telling the bank to ask these clients to appoint representatives, usually lawyers, in Switzerland, a spokesman for the tax administration told Fraud Intelligence. …
DAIRY EXPORTERS TO EU FACE TOUGH TIMES AS EUROPEAN PRODUCERS LOSE QUOTA FETTERS
EXPORTERS of liquid milk and associated products to the European Union (EU) will have to work harder to secure sales in future from April 1, with the EU finally scrapping its production quotas from that date. They may also have to fend off new tough competition from EU exporters in their domestic markets.…
BIOCIDES ROUNDUP – UPDATES FROM CHINA, USA, JAPAN, AUSTRALIA, INDIA, USA
THE PERSONAL care product sector in the European Union (EU) has had to work hard to comply with the 2012 biocidal products regulation, which will have significant implications for the use of preservatives in cosmetics. Manufacturers of biocidal products need to be have their active ingredients registered for assessment by September 1 (2015) for them to be used in the EU.…
OLLIPOP MANUFACTURERS INNOVATE TO HOLD GLOBAL MARKET SHARE
In the highly competitive global lollipops market, manufacturers are creating innovative additions to this traditional confectionery to attract consumers with innovative designs attempting to generate an emotional response to these products. Around the world, lollipop manufacturers are tailoring shapes and designs to match seasonal holiday images; incorporating glow-in-the-dark features; and combining confectionery items such as lollipops and gum.…
INTERNATIONAL REGULATORY ROUND UP – BRUSSELS PROBES CARGILL-ADM CHOCOLATE DEAL
THE EUROPEAN Commission may block or impose conditions on a planned acquisition by US-based Cargill of the industrial chocolate business of its American rival Archer Daniels Midland (ADM). The European Union (EU) executive’s directorate general for competition has opened an in-depth investigation into the deal, to assess whether it could damage the availability of reasonably priced supplies of this key confectionery input.…
PHARMA ‘MADE IN INDIA’ GOVERNMENT COMMITTEE LAUNCHED IN NEW DELHI
THE INDIAN government has created a special committee to boost the development of an Indian pharma sector that makes original ‘made in India’ medicines, domestically sourcing active pharmaceutical ingredients.
The initiative is being developed by the central government’s ministry of chemicals and fertilizers, which released a communiqué saying it wanted to “realise the dream of ‘make in India’ in pharmaceutical sector.”…
AUSTRALIAN MEAT RETAIL MARKET REPORT
Australians have some of the highest meat per capita consumption rates in the world and consume 121.2kg of meat per capita/year according to data from the Food & Agriculture Organisation of the United Nations (FAO). This is nearly three times the global average of 42.2kg per capita/year and slightly higher than countries with similar demographics and culinary traditions like the United States, Canada and Britain.…
BEEF TRADERS STILL FACE VIOLENCE, EVEN AFTER MAHARASHTRA OXEN AND BULL SLAUGHTER BAN
While Indian meat dealers are struggling to overcome the newly imposed ban on oxen and bull slaughter in the western state of Maharashtra, they continue to face attacks on their cattle transport vehicles, globalmeatnews.com has been told. “In Uttar Pradesh, Haryana and other northern states, Hindu religious organisations are making it difficult for people to operate abattoirs and meat shops,” said Zafarul-Islam Khan, president of All India Muslim Majlis-e-Mushawarat, a Delhi-based religious organisation, “goons stop the cattle vehicles, beat up the drivers and loot consignments worth up to [USD] 12,000 dollars.”…
MAHARASHTRA BEEF PROCESSORS UPSET OVER NEW OXEN AND BULL SLAUGHTER BAN
Beef traders in the Indian state of Maharashtra, which includes Mumbai, are in a desperate situation as the state government has started to implement a newly-approved law that bans the slaughter of oxen and bulls for religious reasons. “We don’t have any other job or business and people will come on the streets,” said Rauf Qureshi, secretary of Beef Merchants’ Association in the Maharashtra city of Nashik, “only those who are not aware of the reality can support such a decision.”…
JAPAN POULTRY GIANT MULLS TECHNOLOGY TRANSFER TO BOOST INDIAN EXPORTS
Tokyo-based Mayekawa Manufacturing Co is in talks with officials of India’s Andhra Pradesh state government to bring Japanese technology to the state’s large poultry industry. N. Chandrababu Naidu, the chief minister of Andhra Pradesh, visited Japan in November and met with representatives of Japan’s largest poultry processing machinery manufacturer.…
NIGERIA IS TOUGH PLACE TO MAKE PAINTS, BUT INDUSTRIAL DEMAND IS SOLID
Nigeria maybe troubled politically, but it remains a potentially lucrative market for industrial paints and coatings manufacturers. As with Kenya and South Africa, the country is undergoing rapid infrastructure developments creating demand for paints and coatings.
As this is oil-rich Nigeria, the focus of this action remains its fossil fuel pipelines, floating production storage and offloading (FPSO) vessels, offshore platforms, buoys, tanks, and refineries: “New projects announced in the oil and gas sector and allied industries in Nigeria are fuelling the demand for industrial paints and coatings products,” said Frost & Sullivan’s chemicals, materials & food industry analyst, Anthony Lawrence, in analysis released last year.…
NORTH AFRICA HAS POLITICAL STRIFE, BUT PAINTS AND COATINGS SECTOR STILL GROWS
North Africa’s entire paints and coatings market is valued at about USD1.1 billion on approximately 0.5 billion litres of coatings, according to the International Paint and Printing Inks Council (IPPIC). Of this, nearly 60% of the market value and more than 75% of market volume is comprised of decorative paints and coatings, according to data collected for the IPPIC by US-based Orr & Boss Inc.…
BIRLA CELLULOSE LAUNCHES BRANDED NATURAL-LOOK FABRIC FOR INDIA’S GROWING FASHION MARKET
What do women really want? The USD40 billion Indian multinational the Aditya Birla Group, some five years ago, decided to unravel that mystery. The answer is Liva, Birla Cellulose’s first fabric brand that was launched at a gala event in Mumbai on March 27, 2015.…
RACE FOR GLOBAL CHASSIS MARKET SHARE SPARKED BY EUROPEAN COMMISSION COMPETITION DECISION
The European Union’s (EU) executive, the European Commission has used its competition law powers to open up a multi-billion dollar race for the huge global market for intelligent chassis systems and advanced collision-avoidance technology. Its regulatory starter pistol has been the terms it has imposed on German firm ZF, of Friedrichshafen, for its planned acquisition of TRW, based in Detroit.…
GERMAN-MADE CARS TOP THE EU CONSUMER DANGER LIST IN 2014
GERMAN-made automobiles were the largest source of reports regarding potentially dangerous motor vehicles made to the European Union’s (EU) RAPEX consumer alert network in 2014, analysis of its data shows.
There were 194 notifications to the system relating to automobiles and parts last year, the fourth largest category following toys (650), clothing and textiles (530) and electrical appliances (217).…
BOOMING COTTON DEMAND OPENS BANGLADESH’S FIRST GLOBAL COTTON SUMMIT
Bangladesh’s demand for cotton is booming, creating significant opportunities for international suppliers of cotton, according to textile industry experts at the opening of Bangladesh’s first Global Cotton Summit (March 20-21) in Dhaka. Muhammad Ayub, president of the Bangladesh Cotton Association (BCA) said at the conference that in the last decade, demand of cotton in Bangladesh has risen from 3 million bales to 5.5 million bales.…
BANGLADESH COTTON IMPORTS TO DOUBLE IN SIX YEARS – CONFERENCE TOLD
With Bangladesh’S economy set to continue growing and local cotton production expected to remain insignificant, cotton imports are set to double by 2021, said industry players and experts attending the country’s first Global Cotton Summit. The two-day event (March 20-21) in Dhaka, was jointly organised by the Bangladesh Cotton Association (BCA) and Bangladesh Textile Mills Association (BTMA).…
PAKISTANI BUSINESSES ARE WARY OF THE NEWLY IMPLEMENTED TEXTILE INDUSTRY POLICY FOR 2014-2019
Pakistan’s ministry of textile industry has begun implementing a textile industrial policy for 2014-2019, despite concerns by manufacturers’ associations that it may fail to deliver on its goals. The ministry has set up committees to work toward achieving its targets and interacting with the industry to seek its input and support.…
NEW CHINESE INVESTMENT MAY HELP VIETNAM OVERCOME YARN DILEMMA
The Hong Kong unit of Luthai Textile Co Ltd, China’s leading producer of yarn-dyed fabric and shirts manufacturing, has informed its shareholders of a plan to invest USD150 million building a new Vietnam-based textile plant. The factory, whose location has yet to be disclosed, would have 60,000 spindles, with an annual output of 30 million metres of yarn-dyed fabric.…
INDIA’S TEXTILE RAW MATERIAL EXPORTS TO VIETNAM SUPPLIERS STYMIED BY SLOW DELIVERY
INDIAN textile and clothing supply exporters are failing to seize backward linkage market share in Vietnam because of chronic delivery delays, a Vietnam buyer has claimed to WTiN.com. “We are happy with Indian yarn both price- and variety-wise, but the Indians are terrible lead time-wise,” said Sim Thai Ha Phuong, vice director of Thai Son S P Co Ltd, a medium sized knitwear manufacturer in Ho Chi Minh City.…
INDIA MAJOR GROWTH CENTRE FOR SUN-CARE PRODUCTS
WHILST India is far from being a centre of sun-worshipping hedonism, the country’s fast growing young consumer market is increasingly aware and willing to use sun-care products. Younger middle class consumers are combining a long-standing cultural preference for lighter skins with growing health awareness and a desire to spend more leisure time in the sun, even if (usually) fully-clothed.…
CHENNAI AIRPORTS READIES ITSELF FOR POST-PPP DEVELOPMENT TENDERS
Chennai International Airport is preparing for a series of open tenders to develop the airport, once its ownership is transferred from the Airports Authority of India (AAI) to a private-public-partnership (PPP), Jane’s Airport Review has been told. These privatisation negotiations are underway, and Deepak Shastri, Chennai airport director, said managers were making plans about using the resulting investment: “The entire work of improving infrastructure is to be done by the prospective bidder who is selected through the ongoing process of transfer of airport operations under PPP,” he told Jane’s Airport Review.…
NEW DELHI AIRPORT OPERATOR EXITS CARGO BUSINESS
Delhi International Airport (P) Ltd (DIAL), the private operator of the New Delhi’s Indira Gandhi International Airport has exited from the airport’s cargo business by selling its entire 26% equity stake in Delhi Cargo Service Centre Pvt. Limited.
“DIAL on 16th March 2015 has sold and transferred its entire holding…to India Infrastructure Fund-II [a private international investment vehicle]…and has received the total consideration of USD4.6 million,” GMR Infrastructure Limited, DIAL’s parent company has informed the Bombay Stock Exchange.…
INDIAN GOVERNMENT PRO-ACTIVELY EXPANDS AIRPORTS IN REMOTE NORTH-EAST
The government of India is modernising and expanding airports located in the remote north eastern part of the country. They generally generate low levels of civilian passenger traffic, but the region considered extremely sensitive politically and strategically due to several armed insurgencies and its proximity to international borders with China, Bangladesh, Myanmar, Bhutan and Nepal.…
INDIAN GOVERNMENT PRO-ACTIVELY EXPANDS AIRPORTS IN REMOTE NORTH-EAST
The government of India is modernising and expanding airports located in the remote north eastern part of the country. They generally generate low levels of civilian passenger traffic, but the region considered extremely sensitive politically and strategically due to several armed insurgencies and its proximity to international borders with China, Bangladesh, Myanmar, Bhutan and Nepal.…
INDIAN GOVERNMENT PRO-ACTIVELY EXPANDS AIRPORTS IN REMOTE NORTH-EAST
The government of India is modernising and expanding airports located in the remote north eastern part of the country. They generally generate low levels of civilian passenger traffic, but the region considered extremely sensitive politically and strategically due to several armed insurgencies and its proximity to international borders with China, Bangladesh, Myanmar, Bhutan and Nepal.…
INDIAN GOVERNMENT PUSHES AHEAD WITH FOOD PARK PROJECTS
INDIA’S ministry of food processing industries is set to approve the establishment of 18 new ‘mega food parks’, linking farms to manufacturers and markets through a network of collection centres and primary processing centres.
“By the end of March, the ministry [of food processing industries] is going to give final approval to 18 mega food parks,” Anand Jha, associate director of Grant Thornton India, a consultant to the ministry told just-food.com.…
RAIN STORMS BRING WINDFALL GRAPE SUPPLY TO INDIAN WINEMAKER
A MAJOR Indian wine manufacturer received a windfall supply of cheap grapes when it bought 3,000 tonnes of storm-damaged table grapes at USD0.25 per kg – half their normal price. Earlier in March, unseasonal rains and hail storm damaged 40,500 hectares of table grape plantations in Maharashtra, whose capital is Mumbai.…
AGOA’S EXTENSION IMPORTANT FOR MANY SUB-SAHARAN AFRICAN MANUFACTURERS
The United States’ African Growth & Opportunity Act (AGOA) has helped boost many African countries’ apparel and textile sector, giving them duty-free and quota-free access to the US market. And while many are keen to see the act renewed before its expiration this September 30, some countries have benefited more than others.…
INDIAN STATE MAHARASHTRA KEEN TO PROMOTE ECO-TEXTILES
THE TEXTILE minister of the Indian state of Maharashtra, whose capital is Mumbai, has told just-style that his government is ready to actively promote eco-textile production, moving the local manufacturing sector away from low-cost casual garment exports.
Chandrakant Patil said: “The state government is willing to extend all support, including setting up of special textile hubs, if organic cotton growers come up with a proposal.”…
EAST AFRICA SHOWS PROMISE AS NEW REGIONAL SOURCING HUB
East Africa is emerging as an attractive sourcing alternative for apparel and textile producers around the world as costs in Chinese outsourcing centres rise especially. With cheaper labour and resources, the region has already attracted foreign investment, particularly from Asia.
International apparel and textile producers are looking hard at Ethiopia as an attractive production and sourcing destination.…
AFRICA HAS POTENTIAL TO RIVAL ASIA AS SOURCING HUB, BUT SHOULD LEARN FROM ASIA’S SUCCESSES AND FAILURES
Africa is emerging as a viable, even strong, sourcing alternative to Asia, but Africa still needs to learn significant lessons from its rival on establishing a strong sourcing hub, say industry experts.
For instance, sub-Saharan suppliers should note how Asia’s garment and textile industry is well-coordinated and integrated regionally, with strong inter-country links.…
MWANA AFRICA SUBSIDIARY PLOTS ZIMBABWE NICKEL SMELTER REOPENING
Mwana Africa’s Zimbabwe subsidiary Bindura Nickel Corporation (BNC) says it is on course to restart its nickel smelter in the first half of this year as the nickel giant moves to increase revenue and cut operating costs. The company plans that it will initially produce high quality nickel cathodes, copper sulphide and cobalt hydroxide, processing 195,000 tonnes of ore per quarter year.…
DIVERSE GULF REGION SEES RISE IN MARKET FOR HIGHER END OILS AND FATS
In the Gulf, the harsh desert climate has always made agricultural production difficult, so fats in the form of animal lard or milk ‘ghee’, have traditionally dominated diets.
But population growth in the Gulf Cooperation Council (GCC) countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates – UAE), rising affluence, booming ex-patriot populations, and increasing diversity in imports, have driven increases in sales of higher end edible oils in the region.…
INDIAN PAKISTAN TRADE RELATIONS DEVELOP UNEVENLY WHILE MAJOR TRADE DEAL REMAINS OUT OF REACH
India and Pakistan are trying to remove barriers that are hindering the trade of cotton and textile between these two neighbouring countries, however deep-rooted historic and political resentments continue to hinder progress.
These have helped put out of reach a major trade deal that would sweep away import-export barriers, despite the governments of both countries having relatively new electoral mandates.…
INDIA’S TEXTILE RAW MATERIAL EXPORTS TO VIETNAM SUPPLIERS STYMIED BY SLOW DELIVERY
INDIAN textile and clothing supply exporters are failing to seize backward linkage market share in Vietnam because of chronic delivery delays, a Vietnam buyer has claimed to WTiN.com. “We are happy with Indian yarn both price- and variety-wise, but the Indians are terrible lead time-wise,” said Sim Thai Ha Phuong, vice director of Thai Son S P Co Ltd, a medium sized knitwear manufacturer in Ho Chi Minh City.…
EGYPT TEXTILE AND CLOTHING SECTOR FAILS TO EXPLOIT LATEST COTTON PRODUCTION STRENGTHS
The Egyptian textile sector is a mixed bag, succeeding in certain sub-sectors and struggling in others, while failing to add value to its core strength in cotton production. It has managed to weather the ongoing political instability, but exports are weak due to lower demand from Europe, and the overall sector is straining to keep up with global competition.…
BANGLADESH: EURO FALL COMPOUNDS PRODUCTION PROBLEMS CAUSED BY POLITICAL STRIFE
BANGLADESH’S textile and clothing exporters, who are still reeling from the impact of continuing political unrest in the country, now face a second shock wave: the free fall of the Euro.
Industry lobbyists and analysts fear the European single currency’s decline in value will cut exporters’ profit margins, weakening their ability to compete in the 19 counties using the Euro.…
BRUSSELS WEIGHING ON MEDICINES SUSPENSION FOLLOWING INDIAN CLINICAL DATA DOUBTS
THE RE-EXAMINATION of European Union (EU) market authorisations following concerns over clinical trials conducted by GVK Biosciences in Hyderabad, India, has sparked intense debate in Brussels.
A European Parliament hearing has heard comment and details about the recommendation from the European Medicine Agency’s committee for medicinal products for human use (CHMP) that some 800 forms and dosages of medicines approved in the EU be suspended.…
GOA LAUNCHES GREENFIELD AIRPORT CONTRACT BIDDING PROCESS
THE GOA government has launched a bidding process for the right to build and operate a new greenfield airport in this heavily touristed Indian state. The airport would be in Mopa, northern Goa and built on state government-owned land. It would be Goa’s second major airport, operating alongside Goa International Airport, in Dabolim, near Goa’s most popular beaches.…
INDIAN AIRPORTS PUSH AHEAD WITH SOLAR POWER PROJECTS, DESPITE POTENTIAL LOSS OF SUBSIDIES
Projects are underway in India to install captive solar photovoltaic power systems in the country’s airports, exploiting innovative funding models and long term power purchase agreements. However, the country’s grid power operators are refusing to purchase any excess power.
The Airports Authority of India (AAI), which is owned by the Indian government, plans to generate 50 megawatts (MW) of electric power from solar plants at 30 airports by the end of 2015.…
INTERNATIONAL REGULATORY ROUND UP – EU SUGAR PRODUCERS FEAR USA TRADE PACT
THE EUROPEAN Committee of Sugar Manufacturers (CEFS) has called on the European Union (EU) and US negotiators for a Transatlantic Trade & Investment Partnership (TTIP) to exclude sugar and high sugar products from this planned trade agreement.
“The US market is a mature and saturated market, not attractive for the EU,” Marie-Christine Ribera, CEFS director general, told TTIP negotiators during an event dedicated to interest groups affected by the agreement, held in Brussels on February 4.…
VIETNAM COTTON PRODUCTION INCREASES COULD SLOW, DESPITE GOVERNMENT PLAN SAYS EXPERT
Low cotton prices and land scarcity may impede a long term cotton production expansion plan launched by the Vietnamese government in 2010, an industry expert has told WTiN.com.
Vietnam is a global powerhouse in textile, garment and apparel manufacturing, but it relies heavily on cotton imports, with only 1% of the cotton used in the country produced domestically, according to the United States Department of Agriculture (USDA).…
INDIA BUFFALO BEEF EXPORTS RISE, DESPITE BJP GOVERNMENT
Concerns that India’s beef export industry might wither under the new Hindu nationalist BJP-led government have proved unfounded as between April and October 2014, India exported USD2.66 billion’s worth of buffalo meat, a rise of nearly 16% over the same period in previous year.…
TAIWAN MAKING STRIDES IN MANUFACTURING MONOCLONAL ANTIBODIES
A major pharma manufacturer in Taiwan has claimed his US-based company’s success in making monoclonal antibodies on the island will be continued, creating a segment that should be able fend off competition from companies in other emerging market countries, notably India.…
STAGNATION IN AIR FREIGHT INDICATES WEAKNESS IN WORLD ECONOMY, SAYS OECD
STAGNATION in international air freight traffic is not good news for the world economy, according to a new report from the Organisation for Economic Cooperation & Development’s (OECD) International Transport Forum.
This ‘ITF Transport Outlook 2015’ noted that air freight tonnes transported to and from the EU and the United States declined strongly after the shock of 2008, then rebounded quickly reaching pre-crisis peak by early 2010.…
INDIA’S GODREJ STRENGTHENS POSITION IN AFRICA’S HAIRCARE MARKET
INDIA’S Godrej Consumer Products Ltd has acquired another hair care business in Africa, buying a 100% equity stake in South African hair extensions specialist Frika Hair (Pty) Ltd.
According to a Godrej communiqué, Frika has a strong wholesale distribution capacity for it hair extension products that include braids, synthetic weaves, human hair weaves, wigs and hair-pieces.…
INDIAN COSMETICS COMPANIES FIGHT VEGETARIAN LABELLING REGULATIONS
THE INDIAN cosmetics industry, that according to the Indian Beauty & Hygiene Association commands annual sales of USD3.3 billion, is fighting its second legal battle to escape its government’s insistence on identifying cosmetic products as vegetarian or non-vegetarian.
“Every package containing soap, shampoos, tooth pastes and other cosmetics and toiletries shall bear at the top of its principal display panel a red or … brown dot for products of non-vegetarian origin and a green dot products of vegetarian origin,” said a notification issued by the government’s department of consumer affairs, in June 2014. …
WATERBORNE PAINT SALES GROW ACROSS ASIA, ALTHOUGH PROGRESS IS UNEVEN
ASIAN domestic coatings markets are sharply diverse, in terms of economic development, climate and cultural preferences, but if there is one trend that unites them at present, it is the growing demand for waterborne paints.
In Japan, sales of waterborne paints have risen, while total shipments of paints from Japanese manufacturers has fallen: down from nearly 2.4 million tonnes in the early 1990s, Japanese paint producers shipped 1.53 million tonnes in 2013 – the most recent full year for which figures are available, according to the Japan Paint Manufacturers Association (JPMA).…
MOTHER DAIRY CONFIRMS DECEMBER LAUNCH OF FROZEN SNACK
Indian processed food company Mother Dairy will launch its first frozen snack – Aloo Tikki, a potato based Indian delicacy – nationwide by the end of this year, a company executive has told just-food. It will be marketed under the company’s Safal brand, and be launched alongside NEW other new ready-to-cook frozen products: spinach blocks and a potato fenugreek mix, which need to be fried before serving.…
DEVELOPING COUNTRIES LOSE MORE FROM TAX EVASION THAN THEY GAIN IN AID - GFI
Tax evasion drained a record USD991.2 billion in illicit financial flows from developing economies in 2012 – facilitating crime and corruption, according to a new study by Global Financial Integrity (GFI), a Washington DC-based research and advisory organization. “To put this in perspective, the cumulative total of official development assistance to the developing countries in this report… was just USD809 billion,” said a GFI note.…
INDIAN STATE-OWNED TEXTILE MILL POLICY DRAWS CRITICISM
A former chief official at the Indian textiles ministry has attacked government plans to prolong the life of loss-making state-owned textile mills. TSR Subramanian, the former secretary at the ministry told just-style: “Government should focus on making policies and not run mills.”…
INDIA COTTON PRICES FALL STEEPLY
Cotton prices in India have crashed because of higher production and falling export demand, which is benefiting the country’s textile industry. “Chinese markets for cotton and yarn have suddenly withdrawn and we have a bumper crop this year,” Arvind Sinha, national president of The Textile Association (India), in Mumbai, told just-style.…
RELIANCE-SHANDONG JV MAY INSPIRE OTHER SINO-INDIAN TEXTILE AND CLOTHING ALLIANCES, SAY EXPERTS
The newly announced textile joint venture between India’s Reliance Industries and China’s Shandong Ruyi Science and Technology Group could inspire many more such deals, shifting of textile and clothing production bases from China to India, experts have told just-style.
“The aim of this joint venture is to try and capture the global market,” said Devkishan Manghani, chairman, textile trade, Southern Gujarat Chambers of Commerce told just-style, regarding the deal, which will see Reliance integrate its textile manufacturing capacity with the JV.…
BRANDS AND MANUFACTURERS PUSH AHEAD WITH PLANS TO FORGE PAKISTAN ‘BUYERS’ FORUM’
THE CREATION of a consultative textile and clothing ‘buyers’ forum’ in Pakistan, linking brands with manufacturers, government and unions, has moved a step closer following an international meeting staged in Islamabad.
This first ‘buyers’ meeting’, was held on December 15 and 16, organised by the International Labour Organisation (ILO), the World Bank’s International Finance Corporation (IFC), the Dutch and Pakistan governments.…
DARJEELING TEA EXPORTS TO GERMANY HIT BY CANCER SCARE AS EU GI PROTECTION LOOMS
A controversy in Germany over potential carcinogens in tea is threatening the benefits offered by an incoming European Union (EU) geographical indication protection for Darjeeling Tea.
The claims made by a German consumer magazine Warentest have damaged confidence in Indian tea and hit sales.…
MILK-BASED NUTRACEUTICALS POTENTIAL NEW BOOM MARKET FOR INDIA
The re-use of whey proteins that would otherwise go to waste could underpin the future of milk-based nutraceuticals in India, experts at an industry seminar in Mumbai have argued. RP Singh, of dairy sector consultants Food and Engineers (I) Pvt Ltd, told the Indian Dairy Association (IDA)-organised event in Mumbai that 80% of whey produced during cheese and cottage cheese processing in India is discarded.…
SUB-SAHARAN AFRICA PERSONAL CARE PRODUCT MARKET IS KEY GLOBAL GROWTH ZONE
One of the biggest expanding markets for cosmetics and personal care products is sub-Saharan Africa. A key exporter to the region, L’Oréal has estimated that the overall African beauty and personal care market generated EUR6.93 billion (USD8.61 billion) in 2012, growing at between 8% and 10% annually, compared to a global market growth rate near 4%.…
INTERNATIONAL REGULATORY ROUND UP – RUSSIA TRADE RESTRICTIONS BLOCK CONFECTIONERY AND INGREDIENT TRADES
DOCUMENTS obtained by Confectionery Production from the European Union (EU) indicate that Ukraine has lost up to USD126 million’s worth of confectionery export sales to Russia this year, because of Russian trade restrictions.
EU briefing papers note that Ukraine has been complaining to the World Trade Organisation (WTO) since October 2013 about alleged “unjustified barriers to trade caused by the measures of the Russian Federation, in particular, on Ukrainian confectionery products.”…
OIL AND GAS COMPANIES CAN BENEFIT FROM PROACTIVITY AGAINST CORRUPTION SAY EXPERTS
Oil and gas companies are facing increasing risks related to corruption. However, there are numerous ways in which a business in the sector can avoid being exposed to graft. And new laws are tackling such problems more effectively. Jonathan Dyson reports.…
HIGHER EDUCATION FRAUD TRAINING QUICKLY BECOMING INDUSTRY NORM
AS companies and government organisations implement more stringent fraud detection programmes, they are recruiting the best and brightest anti-fraud experts. Universities in North America, Australia, Europe and Asia are responding to demand for anti-fraud expertise by offering fraud prevention classes in accounting, criminology, and business degrees.…
INDIA’S KWALITY CONFIRMS MOVE INTO ADDED VALUE DAIRY PRODUCTS
India’s bulk dairy producer Kwality Ltd, which sells under ‘Dairy Best’ brand, has told just-food it is entering the country’s consumer products market with several new products, a dedicated raw milk supply chain, augmented manufacturing facilities and high profile hiring of top executives.…
INDIA’S CREMICA FOOD PLANS NEW PRODUCTION CENTRE
India’s sauce and mayonnaise manufacturer Cremica Food Industries is building a new factory in the northern state of Himachal Pradesh, which could double its production capacity in two years, just-food has been told.
“We are setting up the infrastructure for the future growth,” Mr Akshay Bector, chairman and managing director of Cremica told just-food: “We are experiencing 25% to 30% growth [in sales] every year and are very well placed to take on bigger market share.”…
TURKISH TEXTILE MAJOR TO BENEFIT FROM UPCOMING ETHIOPIA INDUSTRIAL PARK
The Turkish textile and garment manufacturer Ayka Tekstil has told WTiN.com that construction of its new textile and garment industrial zone in Ethiopia, which it is developing in partnership with the Ethiopian government, is likely to begin within the next two or three months.…
ADB TO HELP SOUTH ASIA SLOW SPREAD OF LIVESTOCK DISEASES
The Asian Development Bank (ADB) is to work with the Japan Fund for Poverty Reduction to help south Asian nations slow the spread of livestock diseases.
In India, livestock sector losses from foot-and-mouth disease alone are estimated at around USD4.5 billion a year, according to the ADB.…
PROLIFERATION FINANCE COMPLIANCE FACES CHALLENGES
DESPITE the huge risks involved in states funding weapons of mass destruction in breach of international non-proliferation rules, this problem has not received the same attention as anti-money laundering (AML) and combating the financing of terrorism (CFT) in compliance regimes. Only over the past two years has world’s senior AML body the Financial Action Task Force (FATF) started to address shortcomings, while the United Nations is moving from a decade of awareness building to pushing implementation.…
ITALY’S ENI EYES BIOFUEL RESTRUCTURING AS IT PONDERS OVERCAPACITY
Italy’s refiners are suffering from an approximate 30% decrease in national demand for refined petroleum products since 2000, according to data from oil refiners association Unione Petrolifera. They are also struggling with refinery overcapacity for refined crude oil and byproducts in both Europe and Italy; and increasing competition from newer, high-output refineries in emerging economies, including in China, India and the Middle East.…
KIKKOMAN CORPORATION REMAINS A TOP JAPANESE FOOD PRODUCER AMIDST CHANGING GLOBAL MARKETS
CHANGING demographic patterns in the domestic market are driving innovation at Japan’s largest producer of soy sauce and seasonings, while growing overseas demand means that the Kikkoman Corporation is actively looking to raise its international profile, according to Noriaki Horikiri, president and chief executive officer of the company.…
NEW FIBRE FEEDSTOCKS OFFER CLOTHING COMPANIES AFFORDABLE FIBRES AND GREEN MARKETING
As the global apparel sector searches for more eco-friendly fibres and fabrics, innovative developments are increasingly focusing on more sustainable and often unusual alternative feedstocks.
Companies are being encouraged to innovate also by recent high cotton prices and a growing awareness that tighter control of supply chains can help keep costs down in general.…
BANGLADESH KNITWEAR SECTOR DEEPENS ITS SUSTAINABILITY WITH BACKWARD LINKAGES
THE STRENGTH and diversity of Bangladesh knitwear producers’ supply chains is one reason why this key outsourcing location is so popular with international brands. And indeed, attention to the supply chain is the mantra of Bangladesh knitwear boss Mohammed Abdul Jabbar.…
EU-CANADA TRADE DEAL WELCOMED IN EUROPE PHARMA SECTOR, BUT PROMPTS CONCERN IN CANADA
Pharmaceuticals are at the heart of the ambitious trade agreement whose final details have just been agreed between the European Union (EU) and Canada, with both sides agreeing that it will improve market access and facilitate innovation for drug companies on both sides of the Atlantic.…
PAKISTANI FOOD COMPANY AND NGO TEAM UP TO IMPROVE SLAUGHTERHOUSE STANDARDS
A COLLABORATION between a major Pakistan food company and local non-governmental organisation (NGO) aimed at improving the country’s slaughterhouse standards is set to expand sales abroad.
Pakistan’s Al-Khidmat Foundation, a conservative social welfare organisation, has so far contributed USD2.9 million to maintaining a Karachi slaughterhouse facility run by Tata Best Foods Ltd that complies with international food safety standards.…
EU LAW ENFORCEMENT AUTHORITIES SEIZE MILLIONS OF COUNTERFEIT PILLS
LAW enforcement authorities in Austria, Belgium, Britain, Cyprus and Hungary seized on Monday (September 1) several million counterfeit pills in simultaneous operations coordinated by the European Union (EU) law enforcement agency Europol and the judicial cooperation agency Eurojust. The medicines seized are worth at least EUR10 million, according to Europol.…
UNIQLO SAYS REPORTS OF IMMINENT ENTRY INTO INDIA ARE PREMATURE
Fast Retailing Co. has described media reports that it has committed to opening 100 Uniqlo stores across India as “premature and optimistic”.
In a statement released to just-style, the company said: “Uniqlo has no concrete plans for India, although we can confirm that our CEO met with the prime minister of India, both in India and during his visit to Japan.”…
ITC’S FIRST DAIRY PLANT TO OPEN IN BIHAR THIS YEAR
INDIAN fast-moving consumer goods conglomerate ITC is set to open its first ever dairy plant in Munger in the state of Bihar, before the end of this year, ITC vice president corporate communication Nazeeb Arif has confirmed to just-food.com
India’s highly competitive dairy sector has respected brands such as Amul, but Mr Arif said: “We can beat competition because our new range of differentiated, value-added dairy products are based on extensive consumer research.”…
INDIA IS A LARGE DAIRY MARKET, BUT EXPORTERS FIND IT TOUGH TO TAP
For international dairy exporters, India remains an attractive destination, but they face serious challenges related to supply chain and distribution networks. “For an international company to come in and start from scratch, [it] has to struggle with the portfolio, procurement and distribution,” said Siva Nagarajan, managing director of Mother Dairy Fruits & Vegetables Ltd, owned by the National Dairy Development Board (NDDB): It would take at least 10 years to build such a network, he told just-food.…
INDIA’S AMUL TO FINALISE RUSSIA’S APPROVAL FOR EXPORT SALES
INDIAN dairy cooperative Amul has told just-food it is hoping to soon secure Russian government approval to export products to this market, which is currently lacking European Union (EU) supplies. Returning to India following a meeting in Russia, Rupinder S. Sodhi, the managing director of Amul’s marketing arm the Gujarat Cooperative Milk Marketing Federation (GCMMF) told just-food.com:…
US, EUROPE AND CHINA KEY FOR PARAGUAY TO BECOME WORLD’S 5TH BEEF EXPORTER
Tiny Paraguay is now the world’s eighth top beef exporter says US government figures, ahead of meaty superpowers such as Argentina (11th), but their aim is to be number five by 2020 and have 20 million head of cattle available in that year alone.…
TEXTILE INDUSTRY STILL AWAITING CLARITY ON FORTHCOMING EU-VIETNAM FTA
Although the outgoing European Commission president José Manuel Barroso on his late-August visit to Vietnam presented the planned European Union (EU)-Vietnam free-trade agreement (FTA) as a nearly finalised deal – and Vietnamese state media predict the signing will happen in October – the Vietnamese textile industry is still unsure about the FTA’s potential impact.…
INDIA BEAUTY SALON MARKET TARGETED BY GODREJ
Indian soaps and cosmetics major Godrej Industries is setting up a new beauty services training academy with an eye to boost salon product sales, working with the country’s Naturals salon chain. “With the objective to generate skilled and trained professionals in the beauty and salon industry, Naturals looks to achieve its goal to provide 50,000 job opportunities by 2018,” the two companies said in a joint communiqué, “this new venture will act as a catalyst in the journey for both the organisations.”…
TECHNOLOGY SPEEDS UP FAST FASHION ORDERING AND DISTRIBUTION
Product lifecycle management (PLM) systems help apparel companies share information more efficiently and plan for future lines more accurately as time-to-market shrinks.
Software such as the WFX Cloud PLM helps speed up companies’ processes from product concept and design to delivery at stores, said Jatin Paul, CEO of WFX (World Fashion Exchange).…
FAST AND WITHOUT FAULT – HOW SUPPLY CHAINS BASED ON SPEED CAN AVOID ERRORS
TAKING trends from runways and magazines and turning them into off-the-rack garments within weeks is no easy feat – but global fast fashion retailers consistently demonstrate that their supply chains are adequate.
While speed is, of course, an important part of the process, a shorter timeframe between garment design and point of sale does not necessarily mean a larger margin of errors.…
MAKING THE CHOICE TO AIR FREIGHT, OR WAIT: THE ROLE OF AIR FREIGHT IN FAST FASHION
AS its name suggests, the lifeblood of the fast fashion industry is largely, speed to market – meaning that in many cases, traditional, weeks-long methods of shipping garments via sea or truck are no longer making the grade.
Fast fashion brands such as Hennes & Mauritz (H&M), Gap Inc, Uniqlo Co Ltd, Zara, F21 Red, Topshop, and Peacocks Stores Ltd rely on the air cargo industry to ship products quickly to stores around worldwide, according to a spokesperson from the International Air Transport Association (IATA).…
INDIA TAKES THE PLUNGE WITH IFRS
Indian accountants are once again preparing to adopt International Financial Reporting Standards (IFRS) after announcement by the new Bharatiya Janata Party (BJP)-led government. But major corporations and their accountants are wary, having wasted resources five years ago when the previous Indian National Congress Party-led government abandoned similar plans at the last moment.…
VIETNAM’S TEXTILE AND GARMENT INDUSTRY NOT PREPARING FOR ASEAN COMMON MARKET
The Vietnamese textile and garment industry has yet to prepare comprehensively for the onset of the ASEAN (Association of Southeast Asian Nations) Economic Community (AEC) next year. “We are not aware of any AEC impact studies, and I cannot even provide an educated guess,” an otherwise helpful representative of a Vietnamese textile association in Ho Chi Minh City told WTiN.com.…
UNIQLO’S NEW OFFICE HIGHLIGHTS TEXTILE OPPORTUNITIES IN TURKEY
THE PRESIDENT of the Turkish Clothing Manufacturers’ Association (TCMA) has said plans by the Japanese fashion giant Uniqlo to open a production office in Turkey later this year are another indication of Turkey’s popularity as a textiles and clothing sourcing hub.…
MAJOR TURKEY TEXTILE MACHINERY EXHIBITIONS TO TAP GROWING DEMAND FOR ORDERS
Two new textile machinery exhibitions due to be held in Turkey in October are expected to provide a significant boost to the country’s textile industry as it seeks to expand its range of machinery across its long textile and clothing supply chain.…
INDIAN SILK INDUSTRY WANTS ADDITIONAL ANTIDUMPING DUTY PROTECTION
Indian silk producers are pressing the government to retain an antidumping duty on silk fabric and re-impose it on silk fibre to protect against the cheaper imports from China. “Antidumping duty is the right move,” Rakesh K Srivastava, general manager of Madhya Pradesh State Silk Federation told Twist International: “Indian raw silk producers are in bad shape and without this duty the silk prices would have fallen further.”…
ALSTOM UK BRIBERY HEARING SET FOR SEPTEMBER
EDITOR’s NOTE: Proceedings area active and Contempt of Court applies. This version is safe.
A JUDICIAL hearing is scheduled for September 9 in London after the United Kingdom’s Serious Fraud Office (SFO) charged the UK subsidiary of French engineering group Alstom with fraud and conspiracy to corrupt.…
CAN THE NEW BRICS BANK PROMOTE INTERNATIONAL CONSTRUCTION PROJECTS IN CHINA, GLOBALLY?
A potential bonanza of new projects may be offered to Chinese construction companies following the set-up of a new development bank with lots of cash for infrastructure projects. This July marked the launch of the so-called ‘BRICS Bank’, a new multilateral development bank, operated by Brazil, Russia, India, China, and South Africa.…
BANGLADESH BOLSTERS CRUSADE AGAINST MONEY LAUNDERING
AFTER upgrading its laws against money laundering, Bangladesh has earned praise from anti-money laundering (AML) watchdogs however implementing this legislation remains an uphill challenge. Satisfied with the progress Bangladesh made toward plugging “strategic deficiencies” in its AML and combating the financing of terrorism (CFT) regime, the Financial Action Task Force (FATF) removed the country from its special watchlist.…
ADULT INCONTINENCE PRODUCT MARKET MAJOR GLOBAL GROWTH AREA FOR NONWOVENS
One consequence of the ageing population in many parts of the world is a significant increase in demand for nonwoven adult incontinence products, notably adult nappies. Indeed, in Japan, which has one of the most rapidly ageing populations, there have been reports of adult diaper sales exceeding those of babies for some manufacturers.…
INDIA CONFECTIONERY AND BAKERY SECTOR STRUGGLES TO RAISE STANDARDS TO CONSOLIDATE EXPORT SALES
INDIAN confectionery and sweet bakery producers are struggling to gain lucrative export markets due to the lack of proper domestic food regulations, the country’s poor infrastructure and the high cost of borrowing money.
“Not much is exported to the developed world from India because our laws are not harmonised with that of other countries,” said Harsh Arora, president of the Indian Confectionery Manufacturers’ Association.…
INDIAN FARMERS CONTINUE ANTIBIOTICS USE FOR GROWTH DESPITE OFFICIAL BAN: REPORT
NDIAN meat and poultry farmers continue to use antibiotics for inducing speedier growth of boiler chickens even though authorities have officially banned the practice, according to a new report.
“Chickens are fed antibiotics so that they gain weight and grow faster,” alleged the New Delhi-based Centre for Science and Environment in a study report drawn from 70 chicken samples collected in and around the capital that was released on Wednesday.…
INDIA’S BEEF EXPORTS GROW, WHILE NEW GOVERNMENT REFRAINS FROM RESTRICTING BEEF SECTOR
INDIA’S beef exports continue to soar, while the new BJP-led government, whose Hindu nationalist leaders have in the past signalled opposition to India’s beef industry have yet to indicate plans to restrict the sub-sector.
Indeed, a senior official from the Agricultural and Processed Food Products Export Development Authority (APEDA), under the ministry of commerce and industry told globalmeatnews.com…
EXPERTS FEAR INDIA BAUXITE EXPORT DUTY MAY INCREASE DOMESTIC PRICES
The decision by India’s new BJP government to increase the country’s export duty on bauxite from 10% to 20% may not bring down the domestic price of the ore or even the quantum of its exports, Metal Bulletin has been told.…
FOREIGN NURSES IN BRITAIN WORK HARD TO BOOST ENGLISH LANGUAGE SKILLS
For nurses coming to work in Britain from overseas, a key requirement is always going to be proficiency in English. A Nursing and Midwifery Council (NMC) spokesperson noted that under European legislation the NMC “is not allowed to ask EU [European Union]-trained EU nationals to demonstrate language competency as a requirement for registration in the UK.”…
NEW BOTSWANA CAMPUS NOW FULLY OPERATIONAL, STILL GROWING
The Botswana International University of Science and Technology (BIUST) is now operating at its permanent home in country’s Central District, having moved from temporary premises near the capital Gabarone.
The project, promoted by the country’s former president Festus Mogae, has been launched to boost science, engineering and technology degree programmes within Botswana, boosting the quality of its labour force.…
INDONESIA YARN DUTY COULD DAMAGE TEXTILE SECTOR WARNS INDUSTRY ASSOCIATION
A proposed antidumping duty on imported yarns being considered by the Indonesian anti-dumping agency (KADI) could increase production costs, eroding Indonesia’s competitive edge, the chairman of the Indonesian Textiles Association (API) Ade Sudrajat has warned.
The committee’s inquiry was sparked by a petition from a group of Indonesian yarn producers, including Indorama and Asia Pacific Fibers, who say they are being undercut by foreign companies aggressively entering the market, selling yarn below cost price and allegedly breaking World Trade Organisation (WTO) regulations.…
INDIAN KNITWEAR MANUFACTURERS HAVE HIGH HOPES FOR NEW GOVERNMENT
INDIAN knitwear manufacturers are hoping for a major growth impetus because of industry-friendly policies being rolled out by the new Bharatiya Janata Party (BJP)-led government. “We are very optimistic about the new government,” Naval Saraf, proprietor of Super Knit Industries, a sock manufacturing company in Mumbai told Knitting International.…
ALLANASONS OPTIMISTIC OVER ETHIOPIA MEAT INVESTMENT
India’s largest exporter of processed food products and agro commodities Allanasons Ltd has confirmed to just-food it will begin constructing a large meat processing and export plant in Ethiopia in the second half of 2014.
The company, which is part of the Allana group, wants to make east Africa a meat production centre, planning an initial USD20 million investment.…
INDIAN FOOD SECTOR SPLIT ON GOVERNMENT BUDGET REFORMS
India’s new BJP government has reduced taxes on food processing and packaging machineries however the industry is still not happy and is demanding more significant benefits. “To incentivise expansion of processing capacity, excise duty on specified food processing and packaging machinery has been reduced from 10 percent to six percent,” finance minister Arun Jaitley said in his Budget speech on Thursday.…
MALAYSIA, THAILAND DETERMINED TO INCREASE SALES IN GLOBAL HALAL FOOD MARKET
The global market for halal food is expected to grow from USD698 billion in 2012 to reach USD830 billion in 2016, according to Malaysia’s department of Islamic development, and manufacturers in its country and neighbouring Thailand are competing to service this demand.…
AMUL READY TO LAUNCH VALUE- ADDED ‘NUTRACEUTICAL PRODUCTS’
Indian dairy product giant Amul’s newly appointed managing director Amul Dairy managing director Dr K Rathnam has spoken to just-food about the Gujarat-based cooperative’s future : A range of new value-added ‘nutraceutical products’ are due for launch later this year midst plans to start manufacturing in Europe and Singapore by early 2016.…
INDIA AIRPORTS INSTALLING SOLAR POWER UNITS
THE AIRPORTS Authority of India (AAI) has embarked upon a plan to install solar power systems at several of its airports. “We already have some of the system running at Raipur, Bhopal, Indore, Guwahati, Jaisalmer and Bhubaneswar airports,” Rakesh Kalra, general manager electrical at the authority told Jane’s Airport Review.…
23% OF CUSTOMERS CHANGE BANKS AFTER EXPERIENCING CARD FRAUD – SAYS REPORT
THE United Arab Emirates (UAE), including Dubai and Abu Dhabi, heads the global league table for the percentage of consumers reporting that they have been victims of fraud involving credit, debit or prepaid cards. This emerges from a fraud study of more than 6,100 consumers across 20 countries conducted by international payment systems provider ACI Worldwide and analysts Aite Group.…
CHINESE INVESTMENT IN AFRICAN TEXTILE FINISHING IS UNEVEN AND WILL BUILD ON CLOTHING INITIATIVES
Chinese investment in sub-Saharan Africa’s textile processing sector is creating new capacity for finishing, but progress is uneven. Whilst China’s growing presence in the region is far from universally popular, industry figures consulted by International Dyer across the continent were generally positive about the trend.…
INDIA FATTY ALCOHOL DUTY PLANS SPARK ARGUMENTS BETWEEN PRODUCERS AND USERS
INDIA’s new government may impose a 20% anti-dumping duty on saturated fatty alcohols from Indonesia, Malaysia and Thailand – an important raw material for shampoos and cosmetics. Administrative proceedings that may spark the creation of this tariff started in this February, before the May general election, which brought the current BJP administration to power.…
ASIAN FRAGRANCE MARKET BECOMES LARGER AND MORE SOPHISTICATED
THE MARKET for perfume and other scents in Asia is developing fast in most of the continent, especially in emerging markets, where consumers are using their new purchasing power to explore new tastes and brands.
To some extent, perfume has been lagging behind colour cosmetics and skincare, which have been targeted by the bigger brands as products likely to be regarded as affordable luxuries in the masstige market segments.…
NEW INDIAN GOVERNMENT CRACKS DOWN ON HIDDEN ASSETS
India’s new federal government led by the Bharatiya Janata Party (BJP) has set up a Special Investigation Team (SIT) to probe undeclared assets held by Indian companies and citizens stashed in tax havens. If successful, the team could improve business ethics in India.…
INDIA PERSONAL CARE PRODUCT SECTOR GROWS IN VOLUME AND COMPLEXITY
THE INDIAN cosmetics market has been growing consistently at around 15% annually, and given the country’s large and growing population, much of which still spends very little on cosmetics, long term growth seems assured. This is the assessment of Technopak, a consultancy firm based in Gurgaon, near New Delhi.…
OECD PUSHES AHEAD ON BANK SECRECY RULES
THE ORGANISATION for Economic Cooperation & Development (OECD) has secured agreement from its 34 rich world member countries to apply a new single global standard on automatic exchange of tax information. Endorsed by G20 finance ministers, the standard obliges countries and jurisdictions to obtain all financial information from their financial institutions and exchange that information automatically with other jurisdictions annually.…
EXTREME WEATHER EVENTS THROW SPOTLIGHT ONTO HIGH PERFORMANCE COATINGS
Extreme weather events in 2013 were plentiful in the Asia-Pacific region – increasing demand for high performance coatings. Typhoons and cyclones brought devastation to parts of the central Philippines with typhoon Haiyan, while India was hit by Phailin, the second strongest tropical cyclone to strike the country since accurate meteorological records began.…
INDIAN BEAUTY GROUPS WIDEN PRODUCTION BASE IN BANGLADESH
INDIAN cosmetics companies are widening their manufacturing base in Bangladesh to meet surging demand in this key emerging market of 154 million people, while skirting higher import tariffs for products made in India. But the move of India-owned beauty and personal care products makers into Bangladesh has sparked concern amongst their Bangladeshi counterparts, who fear their domestic market share being grabbed by Indian companies commanding stronger financial firepower. …
AMUL MANAGEMENT SAY FARMERS’ PROTEST DISPUTE SOLVED
INDIA’S Gujarat-based dairy giant, Amul, owned by nearly 3 million milk producers – says it has solved a misunderstanding that sparked a protest by farmers at its Anand headquarters on Tuesday. Police reports say that 14 protestors were arrested for damaging offices at the site.…
RAJKOT DAIRY’S READY TO DOUBLE MILK PROCESSING
A fully automated new milk processing plant set to start operations next month will increase Gujarat-based Rajkot Dairy’s daily milk processing capacity to 600,000 litres from the current 300,000 capacity, its managing director Ashish Sinha told just-food.com
And the plant, in Rajkot, Gujarat, has the capacity to increase processing up to 1 million litres per day, he said.…
ASIA PUSHES AHEAD ON GREEN TEXTILE PRODUCTION
Asia – the world’s textile and clothing workshop – is at the heart of many of the industry’s sustainability initiatives. The reason is that brands simply cannot afford not to care – their reputation can be seriously damaged if a supplier is responsible for a pollution spill or industrial accident.…
TEXTILE AND CLOTHING SUSTAINABILITY INDUSTRY STARTS TO MATURE
IN the past year, several developments – both new and built on previous initiatives – have emerged, suggesting the apparel and textile industry is continuing to move towards a more sustainable supply chain.
A key move was the publication of Version 4.0, of the Global Organic Textile Standard (GOTS), released by the GOTS International Working Group, in March (2014).…
WHAT MODI GOVERNMENT MEANS TO TEXTILE SECTOR IN INDIA
When India’s new Prime Minister Narendra Modi swept the just-concluded general elections riding on the slogan in Hindi ‘achche din aane wale hain’ – which means good days are coming soon – Indian garment exporters agreed.
With Modi’s BJP (Bharatiya Janata Party) government assuming power on May 26, the new textile minister Santosh Kumar Gangwar’s statement that he wants to project ‘Brand India’ abroad and boost garment exports has given exporters confidence that government help will be offered.…
TPP’S YARN-FORWARD RULE A MIXED BLESSING FOR VIETNAM’S KNITWEAR MANUFACTURERS
ACCORDING to conventional wisdom, Vietnam’s near-certain inclusion in the Trans-Pacific Partnership (TPP) will clearly be a major boon to the Southeast Asian country’s textile industry. The planned multinational free-trade zone encompasses 12 countries that together make up 40% of global gross national product (GNP).…
IFC MAKES MAJOR LOAN TO INDIA PHARMACO TO BOOST GENERICS PRODUCTION
AN INDIAN pharmaceutical manufacturer is borrowing USD147.5 million from the World Bank’s International Finance Corporation (IFC) to boost production of affordable generic medicines, especially for poorer India consumers. Jubilant Pharma Ltd, a wholly-owned subsidiary of India-based international pharma company Jubilant Life Sciences Ltd, manufactures in India, USA, and Canada.…
TWO YEARS AFTER NEW BRAZIL AML LAW, PROGRESS COULD BE BETTER
IN 2012, after years of delays, Brazil instated a new money laundering law, finally bringing this economically vibrant and influential country more or less in line with international standards. Two years later, what difference has it actually made?
Brazil’s first official money laundering law (Law 9613) was enacted in 1998.…
IRON ORE AT GOA JETTIES SPARK POLLUTION ALARM
The Goa State Pollution Control Board has denied that growing stocks of iron ore stacked on riverside jetties are posing a risk to the environment of this key Indian tourism centre. However, the board’s chairman Jose Manuel Noronah told Steel First that careful and constant monitoring would take place just in case.…
INDIA STEEL INDUSTRY OPTIMISTIC OVER NEW GOVERNMENT POLICIES
The Indian steel industry has welcomed the initial steps taken by the new government to boost domestic manufacturing by expediting statutory clearances for new projects; removing hindrances to raw material supplies; and promising more clarity in future decision making.
“The government is giving us hope that lot of projects which have been held up due to environmental regulations are [already] being cleared,” said Sushim Banerjee, director general Institute for Steel Development & Growth, in Kolkata. …
INDIA KNITTING TECHNOLOGY MISSION LOOKS TO BOOST SYNTHETIC KNIT EXPORTS
INDIA’S newly launched Knitting Technology Mission (KTM) project is primarily trying to diversify the country’s knitwear exports with a shift away from cotton to manmade fibre based knitted goods. The KTM committee chairman Dr A Sakthivel has hailed the project as a “platform to add value across the supply chain.”…
INDIAN APPAREL EXPORTERS DISCUSS POLICY CHANGES AT INTERNATIONAL GARMENT FAIR
INDIAN apparel exporters have demanded a series of favourable policy decisions from the new Bharatiya Janata Party (BJP)-led government while welcoming foreign buyers at the 53rd India International Garment Fair, held in New Delhi from July 14 to 16.
A presentation from the country’s Apparel Export Promotion Council was released to the conference, calling on the Indian government to conclude the planned EU-India free trade agreement “immediately to counter [the] competitive price advantage available to Bangladesh, Cambodia, Vietnam…” The paper also argued that until such a deal is struck the Indian government should compensate garment exporters with export subsidies equaling the burden of import duties imposed by EU.…
AFGHANISTAN STARTS BUILDING AN ACCOUNTING PROFESSION
There are fewer than 1,000 certified accountants in Afghanistan, of which less than 200 are Afghanistan in a country of 29.82 million says the American University of Afghanistan (AUAF), and there are no national accounting regulations. More than 30 years of conflict has left the country’s economy in shambles, and with foreign troops being withdrawn by 2016, developing the accountancy sector and its domestic regulations is a priority to underpin sustainable growth.…
ACCA-TRAINED SYDNEY CFO SAYS FINANCE OFFICERS IN FUTURE MUST OFFER STRATEGIC LEADERSHIP
There is nothing better for a financial professional to oversee the transformation of an innovative company from a small scrapper to a big player – and ACCA qualified Australia-based Paula Kensington knows how this feels.
She is CFO of Rubik Financial – a Sydney-based provider of banking software – whose revenue since the end of 2011 has increased by 200% and its share price multiplied, driving market capitalisation exceeding Australian dollar AUD150 million (USD140.39 million).…
INDIA NEEDS TO TAKE STEPS TO EXTEND LAST YEAR’S CLOTHING EXPORT GROWTH SAY EXPERTS
A 15% year-on-year growth in the exports of Indian apparel in the financial year ending March 2014 has been caused by the diversification of export markets and stricter compliance standards by Indian factories, just-style has been told. “We are diversifying into the markets like Japan, Australia and Latin American countries,” Chandrima Chatterjee, director (economic and consultancy) of the Apparel Export Promotion Council of India told just-style.…
RAJASTHAN PRINTING AND DYING UNITS FACE CLOSURE OVER ENVIRONMENTAL CONTROLS
More than 600 dying and printing units in a small Indian town of Pali, in Rajasthan state, face closure over water pollution concerns associated with 34 million litres per day of industrial emissions being discharged from four water treatment plants into the nearby Bandi River.…
ERP SOFTWARE TRENDS
Global technology analysts Gartner Inc is well known for its articulated predictions. An announcement in January 2014 to accompany its report on ‘Predicts 2014: The Rise of the Postmodern ERP and Enterprise Applications World’, highlighted the complex, and at times conflicting scenario facing companies considering moving their enterprise resource planning (ERP) systems to the cloud.…
NEGOTIATIONS APPROACHING END GAME FOR MAJOR TURKEY TEXTILE INVESTMENT IN ETHIOPIA
Final negotiations are under way to secure f a planned investment by Turkish textile manufacturer Akber to construct the biggest textile plant in Ethiopia so far.
A spokesperson at Ethiopia’s Textile Industry Development Institute (TIDI) confirmed to just-style that talks with Akber are taking place but stressed that a final agreement is yet to be signed, and that further details will be released soon.…
MEAT SECTOR NERVOUS OVER BJP VICTORY
India beef and buffalo producers and exporters are bracing for additional controls after general elections exit polls predict a victory for the Hindu nationalist Bharatiya Janata Party (BJP) party led by Narendra Modi.
“Fear is certainly there,” said Mohammed Saleem, managing director of ALM Group, a beef exporter based in Saharanpur (Uttar Pradesh), even though he admitted that it is highly unlikely that the new government would ban the slaughter of exports of buffalo meat.…
OECD STEEL COMMITTEE TO DISCUSS EXCESS CAPACITY, TRADE POLICIES
The continuing excess capacity in the world’s steel industry and its drag on the sector’s economic health will again be a key focus of the Organisation for Economic Co-operation & Development’s (OECD) steel committee when it next meets in Paris from June 5 to 6.…
INDIA STEEL SECTOR OPTIMISTIC AS MODI WINS ELECTION
India’s steel industry is anticipating progress under the incoming Bharatiya Janata Party (BJP) government led by Narendra Modi, which it hopes will boost domestic steel demand and improve the supply of raw materials.
“The entire investment cycle in the steel capacity has to be reinvigorated,” said Abhishek Poddar, partner at consultants AT Kearney India, “if the infrastructure span, real estate and automotive sectors improve, then the demand for steel itself will automatically go up.”…
ITC TRIES TO REVIVE CAMBODIA’S SILK INDUSTRY
THE INTERNATIONAL Trade Centre (ITC) and the Cambodian ministry of commerce are trying to revive Cambodia’s silk production sector, as the country is importing almost all its total 400 tonnes annual raw silk requirement.
Currently, only five tonnes of Cambodian silk, which is noteworthy because of its natural yellow colour, is produced in the country each year.…
VIETNAMESE TEXTILE EXPO SHOWCASES FOREIGN INTERESTS
At this year’s Vietnam Textile & Garment Industry Expo, which bills itself as “the biggest and the most important event in the textile and garment industry of Vietnam”, only 60 of the 502 companies exhibiting were Vietnamese. WTiN.com visited the show, in Ho Chi Minh City, last month noting that 283 exhibitors were Chinese companies, with fabric, accessories and machinery manufacturers of 22 other countries making up the rest.…
LUXURY BRANDING MAY SAVE TRADITIONAL VARANASI SILK SECTOR
INDIA’S holy city of Varanasi is also a traditional centre for the luxurious ‘Banarasi’ silk weaving industry. After securing Indian geographical indication rights for its products under a ‘Banaras Brocades and Sarees’ registration in 2009, the largely cottage-based industry is now gearing up to enter the international branded luxury market.…
JAPAN ADMITS PUSHING EUROPE FOR FLEXIBILITY ON SHIPBREAKING STANDARDS
The shipbuilding director for the Japan External Trade Organisation (JETRO) has confirmed to Steel First that his government is seeking to influence the European Union (EU) as it clarifies the rules of its shipbreaking regulation, which came into force last December (2013).…
IMO, BANGLADESH SIGN AGREEMENT TO IMPROVE SHIP-RECYCLING
A detailed memorandum of understanding has been signed by the International Maritime Organisation (IMO) and the Bangladesh government, aimed at improving safety standards in the south Asian country’s shipbreaking sector.
While scrapping 8.8 million tonnes of materials – mostly steel – annually for re-use, this Bangladeshi industry has been criticised to failing to impose effective safety and environmental standards, with chemicals spilling onto beaches, sometimes harming workers.…
INDIA STEEL SECTOR UNDER PRESSURE TO REDUCE SLAG
The Indian steel industry is struggling with the problem of slag disposal while regulators increase pressure on the sector to dispose of such waste in an environment-friendly way, a seminar ‘Promoting Awareness & Usage of Steel Slag: Ushering a New Era’ was told on Friday (April 25).…
BANGLADESH APPOLLO ISPAT SECURES JAPAN COIL SUPPLIES FOR 2014-5
Bangladesh flat-steel product major Appollo Ispat has renewed a hot rolled coil supply memorandum of understanding (MoU) with Japan’s Nippon Steel & Sumitomo Metal Corporation and the Marubeni-Itochu Corporation.
“The demand for steel products is rising, even in rural areas,” Abdur Rahman, deputy managing director with Appollo Ispat Complex Ltd, told Steel First.…
INDIAN ALUMINIUM USERS ATTACK SAFEGUARD DUTY PLAN
The Indian government’s move to launch an investigation into the import of aluminium ingots to prepare for potential temporary ‘safeguard’ duties on these products, is facing stiff opposition from the secondary users of the metal in the country. “We are going to file our objections within this week and some other users like electrical equipment makers might also join us,” Vijendra Kumar Agarwal, vice president of the Cable and Conductor Manufacturers Association of India, told Metal Bulletin.…
NEPAL’S CHYANGRA PASHMINA SET TO GROW
NEPAL pashmina fibre is “exotically delicate, weightless and the finest natural insulation fibre of the world,” according to the Nepal Pashmina Industries Association’s (NPIA) general secretary Vijoy Kumar Dugar. This reputation has helped Nepal producers carve out a niche markets for pashmina knitwear and traditional shawl exports.…
BRANDS NEED TO CONSIDER ALL THE RISKS WHEN SWITCHING SUPPLIERS
Shifting sourcing is becoming increasingly complex for apparel and textile manufacturers as they set greater production standards and create ever more complex supply chains. To switch suppliers efficiently and ensure that they can meet these requirements, companies must inform themselves of the political and cultural issues in the supplier’s region, and clearly communicate their goals to a new manufacturer.…
TECHNOLOGY CAN HELP COMPANIES MAKE SOURCING SHIFTS
Apparel and textile companies must consider a variety of complex factors when looking to switch suppliers, especially to a new manufacturer, such as assessing the risk of delivery delays and receiving products of poor quality.
Software specifically geared towards apparel and textile production can now help companies track these changes, anticipate issues caused by the shift, and help integrate new suppliers within the supply chain, while tracking their progress.…
NEW PLAYERS PUSH FOR BUSINESS AS ESTABLISHED COMPETITORS LOST COST AND SAFETY ADVANTAGE
The increasingly fluid global market for outsourcing enables brands to switch countries for their manufacturing needs, and it is in the interest of exporting countries to make it easy for them.
Cambodia’s garment industry has been the beneficiary of sourcing shifts from more expensive countries such as China in recent years, attracting manufacturers with some of the lowest labour costs in the world, a past reputation for reasonable working conditions and favoured access to US and European Union (EU) markets.…
CHINA STARTS TO SHED LOWER END OUTSOURCING
AS labour costs in China continue to rise, its apparel and textile industry is seeing orders being transferred to other outsourcing locations as foreign buyers seek lower cost manufacturers. This move could be especially damaging for smaller, low-end Chinese manufacturers, leaving China-based orders increasingly concentrated amongst larger companies, according to a report from the China Cotton Textile Association: “Small to medium manufacturers said their orders dropped sharply during the first quarter of the year while big manufacturers said they had enough orders to keep them busy,” it explained.…
MANAGEMENT BRIEFING - DEVELOPMENTS IN 3D TECHNOLOGY IN THE APPAREL INDUSTRY
THREE dimensional (3D) technology – while well established in many other industrial sectors like aerospace, architecture and industrial design – is still relatively new to the fashion industry. Analysts are describing it as ‘disruptive’ technology, capable of transforming the way apparel companies do business, from prototyping and pattern making using 3D models to the creation of 3D digital catalogues and a range of customer centric services based on 3D body scanning and sizing.…
SRI LANKA’S COSMETIC INDUSTRY RECORDS GRADUAL GROWTH AMIDST GOVERNMENT SUPPORT
THE COSMETICS and beauty product sector in Sri Lanka has recorded a gradual growth in the past few years, with help from the government boosting local manufacturers, according to industry experts.
While being a small sector in comparison to the country’s heavy industries, there are almost 4,000 cosmetics and beauty care products sold on the local market, according to the Cosmetics, Devices and Drugs Regulatory Authority (CDDA), a government agency regulating the sector, operating under the health ministry.…
INTERNATIONAL REGULATORY ROUND UP – SUGAR SECTOR WANTS OUT OF TRANS-ATLANTIC TRADE DEAL
REPRESENTATIVES from Europe’s sugar industry want sugar to be excluded from the current free trade negotiations between the United States and the European Union (EU). Speaking at an EU-US Transatlantic Trade and Investment Partnership (TTIP) briefing in Brussels, Oscar Ruiz de Imaña – the deputy director general of the European Association of Sugar Producers (CEFS), warned of the uncertainties in the sugar markets on both sides of the Atlantic.…
CONSTRUCTION BOOM IN MYANMAR’S PAINT AND COATINGS INDUSTRY
MYANMAR’S booming construction industry is spurring rapid growth in the country’s paints and coatings sector, as a steadily increasing number of foreign firms attempt to stake out a share in a market that was, until relatively recently, decidedly lacklustre.
The Burmese construction industry is currently valued at USD3 billion and is forecast to grow to USD4.2 billion by 2016, according to a February 2014 report by the financial advisory firm New Crossroads Asia.…
CONSTRUCTION BOOM IN MYANMAR’S PAINT AND COATINGS INDUSTRY
MYANMAR’S booming construction industry is spurring rapid growth in the country’s paints and coatings sector, as a steadily increasing number of foreign firms attempt to stake out a share in a market that was, until relatively recently, decidedly lacklustre.
The Burmese construction industry is currently valued at USD3 billion and is forecast to grow to USD4.2 billion by 2016, according to a February 2014 report by the financial advisory firm New Crossroads Asia.…
INNOVATIVE AND LOCAL AFRICA FINANCE CORPORATION RECEIVES HIGH CREDIT RATING
AFTER six years of financing some of the largest infrastructure projects across Africa, a groundbreaking multilateral development institution – the Africa Finance Corporation (AFC) – has attained its investment grade international credit rating. Moody’s Investors Service assigned the corporation an A3 (long term) /P2 (short term) foreign currency debt rating, making the AFC, headquartered in Lagos, Nigeria the second highest investment grade rated financial institution based on the African continent, following the long-established Africa Development Bank (ADB).…
INDO-PAKISTAN TRADE DEAL DELAYED – BUT INDUSTRY PLAYERS PREDICT PROGRESS ONCE NEW GOVERNMENT IS ELECTED
Serious negotiations in a much-vaunted and debated trade deal between India and Pakistan, which could significantly boost the textile trade between the two neighbours, have been shelved due to the impending Indian elections, WTiN.com has been told.
“The Pakistanis had second thoughts in going ahead while knowing that there will be a change in government [in India] and they could have to start from the scratch,” said Dr Nisha Taneja, a professor at Indian Council for Research on International Economic Relations in New Delhi, “My expectation is that it would be done four months after [the new government takes over in] May.”…
GOA ORE PRODUCTION MAY TAKE MONTHS TO RESTART, FOLLOWING COURT ORDER
While India’s Supreme Court last week (April 21) lifted an 18-month-old ban on iron ore mining in the state of Goa, it maybe six months before extraction begins, Steel First has been told.
“Some things can be put in place by September but the full-fledged mining would start only by January [next year],” said Parag Nagarcenka, assistant director at Goa’s directorate of mines & geology.…
EMERGING MARKET COUNTRIES MOVING TOWARD MORE LOCAL VACCINE MANUFACTURE
ALTHOUGH two-thirds of vaccine research and development (R&D) globally is carried out by European firms, manufacturers in China, India and Brazil are becoming increasingly muscular and “moving from dependency to self-sufficiency” experts at a two-day conference in Brussels on vaccine research heard last week.…
HONG KONG KNITWEAR MANUFACTURERS SEEKING LOWER COSTS, NICHE MARKETS
A GLANCE at Hong Kong’s official trade data gives the impression that all is rosy for the Chinese special administrative region’s (SAR) knitwear manufacturers. In 2013, Hong Kong exported knitted and crocheted fabrics worth USD2.5 billion, up 4.1% year-on-year, easily outpacing the 1.6% growth posted by the city’s overall textile exports valued at USD10.7 billion, according to figures from the Hong Kong Trade Development Council (HKTDC).…
INDIA STEEL SECTOR CONCERN ABOUT STEEL MINISTRY AS GENERAL ELECTION APPROACHES
As India’s general election approaches, private sector steel manufacturers have told Steel First of their deepening concerns about the country’s national steel ministry, even though forecasts predict growth in the sector this year.
Speaking to Steel First, some manufacturers have accused the steel ministry of failing to adequately protect their interests.…
BANGLADESH RMG EXPORTS RISE IS MORALE-BOOSTING: BKMEA
BANGLADESH’S readymade industry expects a 10-15% growth in exports for the current fiscal year ending June, Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) acting president Mohammad Hatem has told just-style.
The first eight months of the fiscal year fetched a “morale- boosting” 16.68% rise to USD16.13 billion compared to last year’s USD13.83 billion.…
INDIA TRAINING NETWORK LAUDED FOR EASING LABOUR SHORTAGES
THE RAPID expansion of India’s Apparel Training & Design Centre (ATDC) network – from 39 units in 2009 to 190 in 18 Indian states today – has helped significantly counter an acute labour shortage in the sector, Dr Darlie O Koshy, the centre’s director general, told just-style.com. …
SEMINAR HEARS HOW LOGISTICS COMPANIES COULD PROSPER IN SOLIDIFYING INDIA’S FOOD CHAIN
International companies with specialised logistics technologies able to improve the distribution of branded food products across India could secure significant business, especially those specialising in delivery to retailers, a Federation of Indian Chambers of Commerce and Industry (FICCI) seminar has been told.…
KISAN GROUP STARTS MAKING SALTY SNACKS
India’s cement and agricultural equipment maker Kisan Group has entered the processed food business, making salty snacks in Gujarat. “All our products…have a shelf life of more than three months,” said Mr Ketan Tanna, chief marketing manager of Vadalia Foods, the brand sellingl these products.…
ITC TO OPEN FOOD AND CONSUMER GOODS FACILITY IN PUNJAB
Indian multi-sector corporation ITC has confirmed to just-food that it is planning to open an integrated food and consumer goods manufacturing and logistics facility worth USD113 million in the northern India state of Punjab.
An ITC spokesperson told just-food that the facility will manufacture ITC “world-class Indian brands like Aashirvaad in the staples segment [it includes spices, salt and instant mixes]; Sunfeast, Dark Fantasy and Delishus…biscuits; Bingo!…
INDIAN STUDENTS DEMAND PIRATED READING MATERIAL
Indian academics and university students are fiercely defending their right to use copyrighted reading material for free as Indian publishers intensify their fight against the photocopying and organised counterfeiting of books.
“Legal action is initiated in one or two new [piracy] cases every month,” said Manas P Saikia, managing director of Feel Books Pvt Ltd and a founding member of the Association of Publishers in India (API).…
REGULATORY ROUND UP - FOODDRINKEUROPE WARY OF TECHNICAL TRADE BARRIERS IN TTIP TALKS
REPRESENTATIVES from Europe’s food and drinks industry have backed an “ambitious and comprehensive” Transatlantic Trade and Investment Partnership (TTIP) between the European Union (EU) and the USA However, they have asked negotiators to find creative ways to deal with technical trade barriers restricting EU-US food and drink commerce, including sanitary and phytosanitary rules.…
REGULATORY ROUND UP – BRUSSELS HUNTS FOR HIDDEN HORSEMEAT IN SECOND SET OF DNA TESTS
THE EUROPEAN Commission is to coordinate a second set of DNA tests across the European Union (EU) this spring, similar to those conducted last year following the horsemeat mis-labelling scandal, with results being published by the end of this July.
It would be the second time the Commission has organised DNA tests across the EU to find out if horsemeat is being fraudulently added to products labelled as beef.…
MOBILE APPS GROW IN IMPORTANCE AS COACHING TOOL
The use of smart phone and tablet apps looks set to become increasingly important in the coaching sector over the coming years. New apps are emerging designed to help coaches and clients during sessions; apps that offer clients a ‘coach in your pocket;’ and a range of self-coaching apps.…
WOUNDCARE NONWOVENS DEMAND GROWS WORLDWIDE
THE USE of nonwovens manufacturing technology to make woundcare products has always been a key part of the nonwovens sector, but increasingly one of its fastest-growing global niches is medical single-use disposables. This is partly due to legislative changes in the US; partly to hopes for fast track, permanent elimination of the European Union’s (EU) 4.3% import tariff on America nonwovens; and partly to catch-up usage in Asia, and to a lesser extent Europe, where the supplanting of long-established re-use practices appears to have barely begun.…
DISASTER MISSIONS ENABLE UK NURSES TO MAKE A DIFFERENCE AFTER TRAGEDIES STRIKE ABROAD
NURSING is always a challenging profession, but the chance to use life-saving health skills in the wake of natural disasters and civil conflicts is valuable to many nurses.
Non-governmental organisations (NGOs) tap a UK International Emergency Trauma Register (UKIETR) database established by UK-Med, which includes the details of nurses and doctors available to be flown into disaster zones where local health services have been overwhelmed.…
DEVELOPING ASIAN NURSING PROFESSION WOULD BENEFIT FROM BRITISH EXPERTISE, CONFERENCE TOLD
Changes in the way in which healthcare is delivered across Asia mean there are challenges but also opportunities for a new generation of nurses, with experts calling for organisations such as the Royal College of Nursing to better assist and support the sector in developing nations.…
NORDIC NONWOVENS REPORT FEATURE
NORDIC nonwoven companies Suominen, Ahlstrom and Fibertex are fast emerging from the post-2008 economic downturn fitter and leaner. This follows five years of cost-cutting and market re-alignment projects that included unit divestments, strategic acquisitions, and increased use of automation to reduce costs and strengthen profitability.…
INTERNATIONAL OLIVE OIL AGREEMENT NEGOTIATIONS FOCUS ON NEW MEMBERS, STANDARDS
NEGOTIATIONS for a renewed International Agreement on Olive Oil are intensifying in Madrid. The agreement runs out at the end of this year and its member jurisdictions, of which the European Union (EU) is the biggest, are working to forge a new agreement by December.…
COCA-COLA ENTERS INDIA DAIRY MARKET
Drinks giant Coca-Cola is entering the dairy sector throughout India with a milk shake extension of its popular Maaza Mango juice brand.
Maaza Milky Delite milk drink contains mango pulp and reconstituted milk, an ingredient used extensively in the dairy sector to ensure product longevity, a spokesperson for Coca-Cola India in New Delhi said.…
POLITICAL UNREST AND VIOLENCE DELAYS SOUTH SUDAN'S PIPELINE DEVELOPMENT
THE CIVIL conflict and political tension that has wracked South Sudan since December has delayed already difficult discussions about building a new oil pipeline to this troubled, oil-rich and landlocked country. As it stands, South Sudan – the world’s newest country – has only one option for exporting its crude: a pipeline cutting through Sudan – the country from which it seceded in 2011, following a decades-long civil war.…
TURKEY KNITWEAR SECTOR OPTIMISTIC ABOUT 2014 – BUT CONCERNS ABOUT PRICING PRESSURES REMAIN
Turkey’s knitting industry performed strongly in 2013 and its senior figures are optimistic about further growth in the coming year. According to data from the Turkish Clothing Manufacturers’ Association (TCMA), exports of knitted apparel from Turkey grew by around 10% in 2013, reaching USD8.49 billion in the first 11 months of the year.…
INDIA BOOSTS COLD ROLL CAPACITY, BUT WILL DOMESTIC BUYERS BE THERE?
The Indian steel industry is growing its large cold roll manufacturing capacity but experts warn that the sluggish demand in the domestic market could force producers to export some of this new output.
Last week (Thurs Feb 20), the Indian steel minister Beni Prasad Verma told the Rajya Sabha, the upper house of the parliament, that a new cold rolling mill complex is being installed at the Steel Authority of India Ltd’s (SAIL) Bokaro plant in Jharkhand. …
INDIA STEEL SECTOR SAFETY STANDARDS STILL WEAK – MINISTER ADMITS
India’s steel industry still faces significant safety problems, despite government efforts to make the sector safer, the country’s steel minister has admitted.
In a recent statement to the Rajya Sabha, the upper house of the Indian parliament, Beni Prasad Verma said in a written reply to a question that most accidents “occurred due to falls from height, gas poisoning, electrocution, burn injury and fire or explosions.”…
INDIAN STEEL MAKERS AND MINERS ROW ABOUT IRON ORE COSTS
Steel makers and iron ore producers in the southern Indian state of Karnataka are engaged in a war of words over iron ore pricing. The steel sector claims local miners are colluding to keep prices high and the ore sector denies this, arguing volatile pricing has been caused by a shortage of domestic supply and rising mining costs.…
WTO TRADE FACILITATION AGREEMENT WILL HELP MOVE LEAF AND MANUFACTURED PRODUCT WORLDWIDE
THE WORLD’S tobacco trade is not always a straightforward affair, being held up by export and import licence applications, port dues, quality checks, corruption and unusual red tape. A new World Trade Organisation (WTO) Agreement on Trade Facilitation, struck last December, is designed to ease some of these difficulties.…
MYANMAR PRODUCERS OF INDIGENOUS TEXTILE EAGER TO EXPORT BUT LACK INFRASTRUCTURE
As Myanmar’s economic and political reforms continue at a steady pace, its indigenous traditional textiles could become commercialised. Myanmar does not yet systematically export its traditional fabrics and there are no official associations to promote the industry. It currently relies largely on tourists for small-scale revenues.…
CAR MANUFACTURING WILL NOT DISAPPEAR FROM EUROPE DESPITE DIFFICULTIES, SAYS ACEA NEW BOSS
WHATEVER happens in Europe, an automobile manufacturing base will always be needed on the continent, Erik Jonnaert, the new secretary general of the European Automobile Manufacturers Association (ACEA) told wardsauto in his first interview since taking office in October 2013. (THAT’S WHAT WE WERE TOLD – BUT WE’RE DOUBLE CHECKING THIS AND WILL ADVICE MONDAY)
“I don’t think there should be any fear that we will evolve towards a situation where all manufacturing would move out of Europe,” he said, convinced that vehicle manufacturing still had a role to play on the continent despite historically low sales and increased competition from Asia.…
SRI LANKA’S APPAREL EXPORTS SURPASS USD4 BILLION TARGET
Sri Lanka’s apparel and textile sector exported a record USD4.3 billion in 2013 and its Joint Apparel Association Forum (JAAF) has predicted overseas sales will continue rising this year.
Its president Noel Piyatilake told just-style said the industry is targeting an ambitious mark of USD6 billion exports by 2020, making Sri Lanka one of the world’s top 10 apparel exporting countries.…
GLOBAL FACTORY SAFETY STANDARDS REMAIN INCONSISTENT
Clothing and textile industry disasters in the past year-and-a-half including fires and building collapses at factories in countries including Bangladesh and Pakistan have pushed companies to expand their definition of ‘safe’ suppliers to include more ethical and social standards. Yet, despite, brands’ desire to monitor more operations, the fragmented organisation of standards around the world remains a key challenge.…
INDIA DAIRY GROUP PLOTS MAJOR PRODUCTION CENTRE NEAR DELHI
India’s Banaskantha District Cooperative Milk Producers’ Union, a member of Gujarat Cooperative Milk Marketing Federation that own the popular Amul brand, is setting up a new milk processing unit near the capital New Delhi to meet the growing regional demand. “We are building one million litres per day capacity unit in Faridabad (Haryana) and it will be ready by middle of 2015,” Mr Parthi Bhatol, chairman of the Banaskantha union told just-food.…
BANASKANTHA UNION PLOTS TWO MORE NORTHERN INDIA DAIRIES
India’s Banaskantha District Cooperative Milk Producers’ Union, a member of the Gujarat Cooperative Milk Marketing Federation that owns the popular Amul brand, will be setting up two more dairy plants – in Lucknow and Kanpur, in Uttar Pradesh. Last week it announced it would build a new dairy plant in Faridabad, Haryana, near New Delhi. …
LOTTE PLANS SECOND PLANT IN INDIA
Lotte Confectionery is to set up a second new plant in India to manufacture Choco Pie chocolate covered cream-filled biscuits, the South Korean company’s most popular snack brand in India.
The new USD50 million unit in Rothak, Haryana province, will be ready by February 2015 and will supplement production from Lotte’s existing plants near Chennai and Nellikuppam in south India.…
HOW TO GET ETHICS INTO THE ORGANISATION
RECENT scandals involving the mis-selling of financial products, the rigging of the LIBOR interest rate for interbank lending, insider fraud, and bribery and corruption throughout and beyond companies’ supply chains are costing organisations dearly both financially, reputationally and legally.
In the US, the Foreign Corrupt Practices Act (FCPA) lies in wait for wrongdoers; in the UK it is the 2010 Bribery Act.…
LABELLING AND FINISHING SEAMLESSLY INTEGRATE WITH PACKAGING TO LURE CONSUMERS
THE BEST packaging always seems to be an integral part of a product – indeed for personal care product consumers, the appearance of a container can be why they make a purchase. So for brands, making packaging decorations and finishing seem to melt into a product can be or critical importance.…
INDIAN AUTHORS AND PUBLISHERS ARE CALLING FOR A UNITED STAND TO FIGHT BOOK PIRACY
INDIAN publishers are adopting a smarter more holistic approach to fight book piracy and are focusing on awareness campaigns to tackle the problem.
“Educational authorities like the ministry of human resource development and other stakeholders should join hands with publishers to make people understand that there is some sanctity to copyrighted knowledge, which should be respected,” said Mr Sesh Seshadri, secretary of The Association of Publishers in India (API).…
EXPORT INCENTIVES REPRIEVE BUOYS INDIAN COTTON YARN
THE temporary restoration of the Incremental Exports Incentivisation Scheme (IEIS) for Indian cotton yarn will make local spinning more viable in 2014, an industry spokesman has said.
Under the IEIS, exporters earn credit amounting to 2% of the duty on annualised increases in exports over qualifying periods and for particular markets, and may either use this to import industry-related goods for themselves or sell the credit to another yarn manufacturer.…
BANGLADESH LOOKS TO ITS LAURELS AS ASIAN KNITWEAR RIVALS POWER UP
SOURCING in Asia has been a merry-go-round for many buyers in recent years. As the era of low-cost Chinese manufacturing draws more or less to a close, several countries have leveraged their low cost labour to capture a significant volume of the world’s lower end knitwear manufacturing, while others have sought to extend their reach into higher value-added manufacturing by investing in infrastructure and training.…
BANGLADESH LOOKS TO ITS LAURELS AS ASIAN KNITWEAR RIVALS POWER UP
SOURCING in Asia has been a merry-go-round for many buyers in recent years. As the era of low-cost Chinese manufacturing draws more or less to a close, several countries have leveraged their low cost labour to capture a significant volume of the world’s lower end knitwear manufacturing, while others have sought to extend their reach into higher value-added manufacturing by investing in infrastructure and training.…
PARLE MOVE THREATENS BISCUIT PRICE WARS IN INDIA
India’s leading bakery manufacturer Parle Products has reduced prices of popular biscuit brands including ‘Parle-G’ in a move that could trigger a price war in the domestic market where major rivals include Britannia Industries.
“Parle has increased the weight of a single ‘Parle G’ biscuit from four to five grams, while not changing the price or the number of biscuits in a pack,” a reliable source close to the company told just-food.…
INDIA STATE CONTINUES LIQUOR SHOPS MORATORIUM
The newly elected government of India’s Madhya Pradesh state today (JANUARY 6, 2014) extended a two-year-old ban on opening new liquor shops in the territory with a population of more than 72 million.
“We continued with the policy because it was working well,” Narottam Mishra, Madhya Pradesh’s minister for health and family welfare told just-drinks.…
CHAIRMAN’S SACKING ‘WILL NOT IMPACT ON AMUL’
VIPUL Chaudhary has finally been removed from the chairmanship of Gujarat Cooperative Milk Marketing Federation (GCMMF) which manages India’s largest milk brand Amul, it has been confirmed.
“On 11 January, Mr Chaudhary was informed that he ceased to be the chairman of GCMMF,” a reliable source close to the federation told just-food.…
INDIA’S KWALITY BOSS CONFIRMS PUSH FOR SUPPLY NETWORK INVESTMENT
India’s Kwality dairy company is seeking an investment of USD80 million to grow its milk procurement network in north India, just-food has been told. “We are open to any collaboration,” said Sidhant Gupta, director of Kwality Ltd. He said his company would accept investment from a variety of sources – but wanted one solid initial investor: “We need a chunk of investment in the beginning to start the process.”…
INDIA’S SUPPLY CHAIN – WHO’S JOB IT IS TO FIX IT?
Poor logistics, including a lack of infrastructure and trained manpower, keep modern branded food retail from actualising its potential in India, industry experts have told the country’s 7th Food and Grocery Forum India, in Mumbai.
India wastes Indian Rupees INR440 billion’s (USD6.95 billion) worth of fresh produce and grains annually because of poor distribution, according to Central Institute for Post-Harvest Engineering and Technology, in the Punjab.…
PRIVATE LABELS OFFER FOOD COMPANIES PROFITS – IF THEY OFFER DISTINCTIVE QUALITY – SEMINAR
There are significant opportunities to grow private label sales in India, if retailers provide distinctive value-for-money products, said a panel of retailers, producers and consultants at the 7th Food & Grocery Forum India, which wrapped up on Friday (January 24).
Speaking at a seminar on private labels, Sunil Sanklecha, founder and managing partner of Chennai-based Nuts ‘n’ Spices said private label sales accounts for one third of his group’s sales of nuts, spices and healthy snacks.…
SMALLER TOWNS AND CITIES – THE NEW CONSUMPTION HUBS IN INDIA
India’s smaller towns and cities are a potential lucrative and largely untapped market for branded food retailers provided they design and sell products that are attractive to such provincial consumers, Aseem Soni, director consumer sales, Cargill Foods told the 7th Food and Grocery Forum India, in Mumbai. …
PROPOSED HIGHER EXPORT REBATES FOR INDIA TEXTILE EXPORTS ARE UNLIKELY TO BE APPROVED - EXPERTS
A call by India’s textiles minister for a higher rebate on duties paid on garment exports to the European Union (EU) will probably be refused by the country’s finance ministry, industry representatives have told just-style.
Darshan Lal Sharma, a member of the Confederation of Indian Industry’s (CII) National Committee on Textiles and a director of Vardhman Textiles, said it would be “really a challenge” to get an increased drawback approved when there was pressure to reduce the country’s fiscal deficit.…
TURKEY LOOKS TO STRONG CLOTHING EXPORT GROWTH IN 2014
TURKEY’S clothing industry is anticipating stronger export growth in 2014, despite growing concerns within the sector about increasing pressure on price from European retailers.
Cem Negrin, president of the Turkish Clothing Manufacturers’ Association (TCMA) said that the Turkish garment industry is aiming for growth of between 9% and 10% in 2014.…
NEW JAPAN FUND WILL PROMOTE TROPICAL MEDICINE DEVELOPMENT
THE JAPANESE pharma sector may have previously lagged behind its counterparts in Europe and north America helping the very poorest people in the developing world, but the enthusiasm with which five of Japan’s biggest pharmaceutical companies have embraced the Global Health Innovative Technology (GHIT) Fund indicates a sea change in policy.…
CANADIAN GOVERNMENT LAUNCHES OVERSEAS STUDENT RECRUITMENT PLAN
Canada’s higher education sector has welcomed a comprehensive strategy released by the Canadian government for recruiting more foreign students into its institutions.
Announcing a new International Education Strategy on Wednesday (Jan 15), the country’s international trade minister Ed Fast accepted that Canada could profit more from the lucrative global international student market.…
INDIA BUFFALO TRADERS PREPARE FOR CHINA EXPORT BOOM BY ROUTING DELIVERIES THROUGH VIETNAM
Indian buffalo meat exports to Vietnam have doubled in volume and tripled in value within a year as Chinese traders use the southeast Asian country for channelling their meat trade to bypass an official ban on direct imports, globalmeatnews.com has been told.…
AMUL STARTS DAIRY PRODUCTION IN THE USA
INDIA’s Amul Dairy is now producing in the USA under an exclusive manufacturing and packaging arrangement with Summit Milk Products based in Waterloo, New York State.
“We are already supplying ghee (clarified butter) and paneer (cottage cheese) to bulk consumers like Indian restaurants and temples,” Rahul Kumar, managing director of Anand, Gujarat-headquartered Amul, told just-food.…
PAKISTAN COMMERCE MINISTER TELLS WTIN, INDO-PAKISTAN TRADE TALKS UNDER WAY
PAKISTAN and India are negotiating an enhanced textile trade agreement to fuel their mutual economic growth and investment, Khurram Dastagir Khan, Pakistan’s minister for commerce and textile industry has told WTiN.com.
During a visit to New Delhi, with a 70-member business delegation last week (Thursday), Mr Khan said that, “the enhancement and facilitation of trade through Wagha [India and Pakistan’s key road border crossing] is under active negotiation.”…
BRAZIL TO HOST TEXTILE FAIRS FEATURING INNOVATIONS, LATEST TRENDS
BRAZIL-based textile industry conferences in 2014 will focus on innovation, with the country’s fabric sector seeking to trade up to higher end products.
Fairs such as Première Vision, have been growing in size. The bi-annual event was staged this month in São Paulo from January 21-22, with a follow up meeting from November 4 to 5.…
PAKISTAN GEARS UP FOR PUNJAB GARMENTS CITY
THE PAKISTAN government has started acquiring 1,562 acres of land near Lahore, capital of Pakistan’s most populous and main cotton producing province, Punjab, for a proposed major garments manufacturing centre.
Major General (Retd) Javed Iqbal, chief executive officer of the Punjab Industrial Estates Development and Management Company (PIEDMC), which is developing this so-called ‘garments city’ and some other industrial estates in the province, said that a pre-feasibility study has now been completed.…
NEW DELHI STATE GOVERNMENT ANTI-CORRUPTION PROGRAMME COULD BE NATIONAL BLUE-PRINT
INDIA’S Delhi capital region is trying to create a more ethical business environment, with a newly elected government shaking up an old corrupt policing system. In addition to practising higher standards of public probity and financial transparency, it is using unconventional tactics to prompt citizens to undertake sting operations on bribe seekers.…
PACIFIC ISLAND STATES COATINGS PLAYERS FEAR CYCLONES AND CHINA
With their combined population of just under 9 million, the south Pacific island territories, excluding New Zealand, are a set of small and hard to reach markets – so it is maybe no surprise that only a handful of companies tap their paint and coatings demand.…
PACIFIC ISLAND STATES COATINGS PLAYERS FEAR CYCLONES AND CHINA
BY JENS KASTNER
With their combined population of just under 9 million, the south Pacific island territories, excluding New Zealand, are a set of small and hard to reach markets – so it is maybe no surprise that only a handful of companies tap their paint and coatings demand.…
ETHIOPIA HIGHER EDUCATION QUALITY AGENCY FIGHTS TO MAINTAIN STANDARDS DURING UNIVERSITY EXPANSION
Ethiopia’s Higher Education Relevance and Quality Agency (HERQA), the government agency responsible for quality assurance in the country’s higher education sector, is to implement new measures designed to lift standards at Ethiopia’s universities. The initiative comes amidst major concerns about the state of Ethiopia’s tertiary education.…
ETHIOPIA HIGHER EDUCATION QUALITY AGENCY FIGHTS TO MAINTAIN STANDARDS DURING UNIVERSITY EXPANSION
Ethiopia’s Higher Education Relevance and Quality Agency (HERQA), the government agency responsible for quality assurance in the country’s higher education sector, is to implement new measures designed to lift standards at Ethiopia’s universities. The initiative comes amidst major concerns about the state of Ethiopia’s tertiary education.…
INDIA’S BRITANNIA STARTS PRODUCTION IN GUJARAT
VARUN Berry, Britannia Industries’ newly appointed India business head has confirmed to just-food that the Kolkata based company’s new bakery in the western state of Gujarat has commenced commercial production.
The USD12 (GBP7.4 million) to 16 million plant is manufacturing Britannia’s popular biscuit brands such as Vita Marie Gold, and the Bourbon and the Good Day ranges.…
JAITAPUR POWER PLANT PROJECT CLEARS BUREAUCRATIC HURDLES
THE PROJECT to build a 9,900 megawatt Jaitapur nuclear power plant in India has cleared some significant procedural hurdles, the Indian parliament has been told: “Land has been acquired … statutory environmental and coastal regulation zone clearances have been obtained … and infrastructure works at the site are in progress.”…
EUROFER WELCOMES WTO TRADE FACILITATION DEAL - UK STEEL DOUBTS ITS SHORT-TERM IMPACT
The European steel association Eurofer has welcomed the striking of the new global trade deal by the World Trade Organisation (WTO) which should ease import and customs procedures that can slow the delivery of steel and steel products to export customers.…
EXCESS CAPACITY TO REMAIN KEY ISSUE AT UPCOMING 75TH SESSION OF THE OECD STEEL COMMITTEE
Excess capacity in the steel industry remains a key challenge that the Organisation for Economic Co-operation and Development’s (OECD) steel committee will discuss at its two-day meeting in Paris this Thursday and Friday (December 5 to 6).
“Excess capacity and the economic health of the steel industry: the current situation, possible future scenarios and policy responses” tops the list of the committee agenda obtained by Steel First.…
GLOBAL STEEL INDUSTRY STRUGGLE WITH EXCESS CAPACITY, RESTRICTIVE TRADE: OECD STEEL COMMITTEE
The global steel industry continues to faces significant financial difficulties, exacerbated by excess capacity and restrictive trade policies, according to the Organisation for Economic Co-operation & Development’s (OECD) steel committee, following a two-day meeting in Paris ending today (Friday).
The situation is so dire that “the financial performance of the industry could be viewed as worse now than during the crisis of the late 1990s,” according to a statement from committee chairman Risaburo Nezu.…
GLOBAL STEEL INDUSTRY STRUGGLE WITH EXCESS CAPACITY, RESTRICTIVE TRADE: OECD STEEL COMMITTEE
The global steel industry continues to faces significant financial difficulties, exacerbated by excess capacity and restrictive trade policies, according to the Organisation for Economic Co-operation & Development’s (OECD) steel committee, following a two-day meeting in Paris ending today (Friday).
The situation is so dire that “the financial performance of the industry could be viewed as worse now than during the crisis of the late 1990s,” according to a statement from committee chairman Risaburo Nezu.…
NORTH INDIA STEEL MILLS RUN AT HALF CAPACITY, HINDERED BY POOR POWER SUPPLY
Most of north India’s steel mills are running at less than 50% capacity due to poor power supply and rising input costs, according to a report by the Confederation of Indian Industry (CII) and Accenture management consultants.
The ‘Indian Steel Industry – An overview and growth prospects in north India’ report said the power outages “are resulting in production losses and forcing many mills to work only single shifts.”…
BRAZIL'S PAINT AND COATINGS SECTOR BOOMS IN PREPARATION FOR WORLD CUP, OLYMPICS
BRAZIL will host not only the 2014 FIFA World Cup, but also the 2016 summer Olympic Games, and the resulting significant infrastructure projects are boosting its paint and coatings industry. “These events are having a very positive effect on the Brazilian paint and coatings industry,” said Fabio Humberg, spokesperson for the Brazilian Coatings Manufacturers Association (ABRAFATI).…
BRAZIL'S PAINT AND COATINGS SECTOR BOOMS IN PREPARATION FOR WORLD CUP, OLYMPICS
BRAZIL will host not only the 2014 FIFA World Cup, but also the 2016 summer Olympic Games, and the resulting significant infrastructure projects are boosting its paint and coatings industry. “These events are having a very positive effect on the Brazilian paint and coatings industry,” said Fabio Humberg, spokesperson for the Brazilian Coatings Manufacturers Association (ABRAFATI).…
BRICS COUNTRIES SEEK TO BOOST BIOFUEL USE, DESPITE FEEDSTOCK AND REGULATORY CHALLENGES
BRAZIL, Russia, India, and China are eager to boost biofuels production, with their governments laying out energy targets and detailed plans to achieve them. And while each country has made progress, manufacturers in all the BRICs countries can still struggle with irregular feedstock supplies and spotty regulation.…
COLD CHAIN MANDATES DRIVE RFID UPTAKE IN ASIAN PHARMA SUPPLY CHAINS
INCREASINGLY stringent regulations governing the cold chain transport of medicines for human use are tipped to become a major driver for the uptake of radio frequency identification (RFID) technology by pharmaceutical suppliers in the Asia-Pacific region.
According to a recent report published by industry analysts Frost & Sullivan, America and Europe currently divide the biggest slice of market share in the global market for cold chain RFID.…
INDIA’S BUFFALO MEAT PRODUCTION TO RISE SAYS INDUSTRY BODY
INDIAN buffalo meat production will grow by 15% annually in the coming years, a report by the Federation of Indian Chambers of Commerce and Industry (FICCI) has claimed.
According ‘Overview of the Indian Buffalo Meat Value Chain’, released earlier this week (December 9), India is the world’s largest exporter of buffalo meat and has 58% of the world’s buffalo population.…
INDIA’S RELIANCE STOPS SELLING MEAT PRODUCTS
India’s biggest retailer Reliance Industries has stopped offering all meat products. It has claimed their sale at dedicated non-vegetarian ‘Delight’ branded stores made some customers “hesitant to shop” at all its outlets, even those that are strictly vegetarian.
Reflecting the sensitivities of many Hindus who are repelled by even the sight of meat, a communiqué released yesterday (Monday) said that, despite the “sensitive balance of availability and convenience” created segregated vegetarian and non-vegetarian outlets, “certain sections of customers” were unhappy.…
REVIEW OF 2013 CLOTHING AND TEXTILE SECTOR
WINNERS AND LOSERS
RETAIL
WINNERS
ASOS
Fashion retailer ASOS showed online convenience and price are still a winning combination with shoppers. The UK-based online retailer continued its impressive trajectory this year, announcing pre-tax profit had reached GBP54.7m (US$88.3m) for the year ending 31 August, compared to GBP40m in the same period of last year, with retail sales jumping 40% to GBP753.8m, up from GBP537.9m last year. …
CLOSET CONSUMERS AND SKILLS BASE AMONG CHALLENGES FOR LUXURY INDIAN KNITWEAR MARKET
LUXURY knitwear brands in India are increasingly recognised and valued but catering to aspirational ‘closet’ customers is a challenging task, according to market leaders who spoke at the recent “CII-ET Dialogue on Luxury” conference organised by the Confederation of Indian Industries (CII) and the Economic Times in New Delhi.…
BANGLADESH: UNREST FORCES GARMENT BUYERS TO FLEE
BANGLADESH’S garment makers face a drought of summer 2014 orders as western retailers have begun fleeing the South Asian nation after recent political violence and a physical attack on Spanish buyers.
Top industry leaders said that global buyers, seeking stable alternatives, have already diverted 30%-35% of orders to Bangladesh’s rivals, with India, Indonesia and Vietnam emerging as winners.…
CONFECTIONERY IMPORT PROCEDURES TO BE SIMPLIFIED UNDER WTO TRADE DEAL
THE WORLD Trade Organisation (WTO) has struggled for 12 years since the launch of its Doha Development Round in 2001 to secure a global agreement promoting world commerce. And while many of the issues debated under the Doha process remain out of reach – most notably an agreement on reducing food production subsidies and tariffs – it has now struck a deal on cutting trade red tape.…
DIVERSIFYING MENASA ECONOMY WILL INCREASE DEMAND FOR FINANCIAL PROFESSIONALS
THE HIGHLY diverse and emerging markets of the Middle East, North Africa, and South Asia (MENASA) face major challenges in bringing financial services, accounting and auditing up to international standards. They are often lacking qualified professionals and sometimes overly reliant on expatriate expertise.…
JAITAPUR POWER PLANT PROJECT CLEARS BUREAUCRATIC HURDLES
THE PROJECT to build a 9,900 megawatt Jaitapur nuclear power plant in India has cleared some significant procedural hurdles, the Indian parliament has been told: “Land has been acquired … statutory environmental and coastal regulation zone clearances have been obtained … and infrastructure works at the site are in progress.”…
TRANS-PACIFIC PARTNERSHIP COULD HARM VIETNAMESE TEXTILE PRODUCERS, EXECUTIVE CLAIMS
WHILE American textile producers fear the potential impact of the planned Trans-Pacific Partnership (TPP) regional free trade agreement, it is smaller and medium-sized Vietnamese producers who really need to be worried. That is the view of
Chris Walker, marketing manager for Thai Son S.P.…
TURKEY’S ARSAN PONDERS QUALITY FINISHING INVESTMENTS TO PROTECT EXPORT SALES
The Arsan Textile Group, one of Turkey’s leading textile businesses, is to invest in its finishing department next year to help the company produce a more diverse range of fabrics. The company says it wants to meet growing demand for products with a variety of looks and textures from its clients, which include several major European brands.…
ESQUEL BETS ON VIETNAM EXPANSION
Although Hong Kong-based quality cotton shirt manufacturer Esquel Group has long placed most of its bets on China, one of its newest bases of operations – Vietnam – could soon prove to be its linchpin for knit shirt manufacturing. John Cheh, vice chairman and CEO of the company said that Vietnam production could become increasingly important as it continues to scale up operations in anticipation of better Vietnam-China transport links and forthcoming trade agreements.…
KEY INDIAN COKING COAL SUPPLIER TO BOOST PRODUCTION TEN-FOLD BY 2017
Bharat Coking Coal Limited, India’s main supplier of coking coal to the country’s steel industry, has announced plans to increase production 10-fold, reducing the country’s dependence on expensive imports.
“By 2017, we will be able to provide 11 to 15 million tonnes of washed coal annually,” Ashoke Sarkar, Bharat’s technical director told Steel First.…
BSRM CORRALS USD115 MILLION IN SYNDICATED LOAN TO BUILD BILLET-MAKING PLANT
Bangladesh’s top steel maker BSRM Group has secured USD115 million in what is billed as one of the largest ever syndicated loans for a local company, officials and bankers have told Steel First.
A total of 25 banks and financial institutions, including the Export-Import Bank of India (EXIM), participated in the syndication, co-arranged by UK-based Standard Chartered Bank and local lenders IDLC Finance Limited and City Bank Limited.…
ORE SHORTAGES AND RED TAPE WILL MAKE INDIA TO MISS 2017 STEEL PRODUCTION TARGET
India’s target for increasing its steel production capacity to 142 million tonnes by 2017 is unlikely to be achieved because of regulatory roadblocks and iron ore supply disruptions, experts have told Steel First.
“New steel projects in India are not getting [regulatory] clearances and therefore in the next two to three years, only 15 to 20 million tonnes of new capacity would be added to the existing 90 million tonnes,” said Giriraj Daga, an analyst with Nirmal Bang Securities [SPELL CHECKED] in Mumbai.…
BRUSSELS MIGHT DROP WTO DISPUTE OVER RUSSIA CAR SCRAPPING FEE
The European Commission is assessing a law passed by Russia’s parliament, the Duma, which might head off a global trade dispute over scrapping second hand vehicles. Brussels wants to see if the Duma has truly abolished a contested recycling fee on imports of second-hand vehicles that is supposed to push promote good environmental practice when they are scrapped.…
INDIAN LUXURY CLOTHING MARKET IS DEVELOPING QUICKLY
INDIA’S luxury apparel market poses huge challenges for western brands due to a local preference for ethnic designs, especially for dresses, according to the latest market intelligence revealed last week at the ‘CII-ET Dialogue on Luxury’, a daylong conference organised by the Confederation of Indian Industries (CII) and India’s Economic Times newspaper, in New Delhi.…
BOTSWANA’S FIRST PRIVATE UNIVERSITY EYES INTERNATIONAL STUDENT EXPANSION
Botswana’s first private university, the Malaysian-owned Limkokwing University of Creative Technology (Limkokwing Botswana), has continued to flex its muscles in this diamond-rich Southern Africa nation, taking advantage of a fast growing tertiary education sector. Botswana’s college and university student (aged 18-24) enrollment has grown from 11.4% in 2007/08 to 16.4% in 2012, or 46,613 students.…
USAID BACKED INITIATIVE HAS HELPED PAKISTANI KNITWEAR SMEs CHANGE COURSE
While small-and-medium-sized enterprises (SMEs) in Pakistan’s knitwear sector have significant manufacturing capacity, they have yet to harness their full potential, according to the United States Agency for International Development (USAID). Pakistan exported USD2.3 billion’s worth of knitwear in 2011 says the Trade Development Authority of Pakistan, and many producers are small.…
COLOMBIA'S PHARMACEUTICAL SECTOR GROWTH THREATENED BY PRICE CONTROLS
ALTHOUGH Colombia’s pharmaceutical sector has enjoyed growth over the past few years, new price controls could disrupt the sector’s expansion if they are poorly planned, industry representatives claim.
Their concerns focus on the reaction to maximum price controls on medication recently approved by the government.…
INDIA’S PM HAILS PROGRESS OVER MUMBAI AIRPORT EXPANSION
INDIA’S Prime Minister Manmohan Singh has claimed that the remaining administrative obstacles to building the proposed Navi Mumbai International Airport have been cleared and the final go ahead should come on March 31. Having met the Chief Minister of Maharashtra state Prithviraj Chavan, Singh said compulsory land purchase agreements had now been struck.…
LACTALIS INDIAN BID MAKES STRATEGIC SENSE SAYS DAIRY ASSOCIATION BOSS
Satish Kulkarni, chairman of the Indian Dairy Association’s south zone in Bangalore, has told just-food that France’s Lactalis Group is showing a sound sense of strategy by joining the race to acquire majority state in India’s Tirumala Milk Products Pte Ltd.…
ETHIOPIA CLOTHING AND TEXTILE SECTOR EXPANDS RAPIDLY
The Ethiopia government has reported export earnings of USD29 million for the country’s clothing and textile industry in the first quarter of the current fiscal year (2013-4).
This exceeds by more than 50% the USD19 million earned by the industry in Ethiopia during the same period in the previous financial year.…
INDIA GARMENT EXPORTS SET TO RISE AS WORLD DIVERTS ORDERS FROM CHINA, BANGLADESH
INDIAN garment exports are expected to rise 24% to USD16 billion in 2013-14, according to D K Nair, Confederation of Indian Textile Industry (CITI) secretary general. He says the increase is because of the recovering American economy, increased demand from Europe and rival Asian exporters facing a slew of problems.…
BANK CUSTOMERS START TO BE ENLISTED IN FIGHT AGAINST FRAUD
CORPORATE and personal banking customers may well feel more than a tad uneasy if their bank suddenly asks them to scan accounts for evidence of fraud but it is happening more and more in America and appears to be paying off.…
SRI LANKA SEEKS GLOBAL NICHE AS QUALITY KNITWEAR PRODUCER
THE SRI Lanka knitwear industry Joint Apparel Association Forum (JAAF) has been pushing the island’s government for reforms to help the sector continue its current growth. Tuli Cooray, secretary general of the Sri Lanka Joint Apparel Association Forum (JAAF) told Knitting International: “Last year from our total exports, the knitwear amounted to almost 47 per cent, a sharp increase from a share of 34 per cent in 2002.…
CHINESE GOVERNMENT SUPPORT FOR INTERNET OF THINGS COULD BOOST PROTECTIVE COATINGS SALES
STATE support for the development of the Internet of Things (IOT) sector in China has the potential to drive demand for premium protective coatings across the Asia Pacific region, according to IOT and coatings industry experts.
During China’s recent change of government leadership, the State Council this February promised to launch tax breaks for companies using these technologies, vowing to achieve widespread “application of the IOT in key areas by 2015, as well as breakthroughs in core technologies.” …
MIXING TECHNOLOGY MAKES INCREMENTAL INNOVATIONS – KEEPING CORE PRINCIPLES INTACT
PRODUCERS of confectionery mixing machinery around the world continue to improve their machines, but generally opt for incremental improvements in sanitation and multi-purpose functions rather than creating entire new products.
Dutch confectionery equipment producer Tanis Confectionery, plans to unveil new mixing technology at Germany’s Interpack processes and packaging trade fair in May, Leo Tanis, CEO of Tanis Confectionery told Confectionery Production.…
CERTIFIED PALM OIL SUPPLY SYSTEM SHOWING STRAINS AND WEAKNESSES
WHILE the international market for certified sustainable palm oil (CSPO) was boosted at a Berlin conference last autumn (2012) when Germany and France established national business forums, there are concerns that this green market system could be failing. And according to the governing body, the Round Table on Sustainable Palm Oil (RSPO), production of certified sustainable palm oil is now about 9.6 million tonnes annually (16% of global crude palm oil production).…
BOOMING ONLINE GAMBLING – IS IT A MAJOR AML THREAT?
Online gambling is big business and is forecast to grow exponentially. Where legal, the sector is generally tightly regulated – but there are risks of money launderers abusing gambling websites. However, some analysts suggest the risks are over-hyped, and say there is too little data to really prove that e-gambling is an emerging money laundering threat.…
INDIA AND CHINA COMBINED CLOTHING MARKET WILL OUTGROW US/EUROPEAN MARKET BY 2025 – REPORT PREDICTS
THE COMBINED apparel market of China and India will grow to USD740 billion by 2025 and will surpass the projected combined US and European market of USD725 billion at that time, according to a textile and apparel sector report released at an international clothing conference on Friday (July 19).…
INDIA’S NASCENT NON-WOVENS SECTOR IS POISED TO GROW FAST
INDIA’S nonwoven technical textile industry is facing mixed fortunes as various different segments face diverging growth patterns. While the companies involved in the manufacturing of hygiene and baby care-related products are expanding their operations, those involved in low-end packing materials are barely recovering their costs.…
INDIA’S GODREJ PUSHES INTO AFRICA’S PERSONAL CARE PRODUCT MARKETS
INDIAN consumer product company Godrej has been pushing into Africa’s hair care market with four acquisitions in the last five years, putting it in a strategic position to compete with major western companies.
Selling hair colourants, hair extensions and soaps in Africa through brands such as Inecto, Renew, Tura and Darling, Godrej is banking on Africa’s fast growing demand for cosmetics and other personal care products and is moving towards becoming an established multinational.…
SRI LANKA INCHES CLOSER TO ‘REGIONAL HUB’ DREAM
AN INTERNATIONAL clothing and textile conference has heard how the growing retail market in the Asia-Pacific region may enable emerging economies such as Sri Lanka to realise ambitious dreams to become regional production hubs.
Kurt Cavano – founder/vice chairman & chief strategy officer of cloud computing company GT Nexus addressing the South Asian Apparel Leadership Forum, held in Colombo on October 12, noted: “The top six retailers that are growing are not in North America, it is in the Asia Pacific.…
INNOVATION WIDENS SOURCES OF MATERIALS FOR FIBRE MANUFACTURING
Any market and industry benefits from supply diversification, so major textile and clothing companies can take heart from continued innovation amongst fibre and fabric producers over sourcing. This extends, for instance, to sourcing material from unusual places such as milk and fishing nets, while creating more opportunities for traditional sources such as flax.…
FIBRE AND FABRIC MANUFACTURERS SEEK STRATEGIES FOR COST SAVINGS
For manufacturers looking for a cost effective fibre in current global markets, cotton prices are at last stabilising following the last few years’ price distortions and increases, said Mark Messura, US-based Cotton Incorporated’s senior vice president of global supply chain marketing.…
COTTON STILL KING, ALTHOUGH FRACKING MAY BOOST ARTIFICIAL FIBRES
World fibre production, especially for cotton, is strong, with cotton prices stabilising after experiencing a few years of high prices. Yet, the apparel and textile trade landscape is shifting as production moves away from China and domestic demand in Asia is set to boom, which will put more pressure on existing fibres and fabrics production worldwide.…
DISTRIBUTION PROBLEMS CONTINUE TO IMPEDE GROWTH OF INDIAN BRANDED FOOD SECTOR
International and major domestic food companies who want a share of India’s fast growing branded food consumer markets have one major difficulty especially – dealing with the country’s underdeveloped and fragmented distribution networks.
These are especially complex given India’s cultural diversity.…
WALMART-BHARTI DIVORCE NOT UNEXPECTED AND MAY HELP BOTH COMPANIES, SAY EXPERTS
Walmart’s decision to terminate its Indian joint venture with the Bharti Group may have significant consequences for the food sector, but it was not unexpected, prompted by changes in foreign investment regulations made last year, say experts.
“The joint venture was like trying to run a three legged race with one leg of each partner tied together,” said Arvind Singhal, chairman at Technopak Advisors.…
SPORTSWEAR INNOVATORS SEEK HIGH PERFORMANCE ERGONOMIC DESIGNS THAT STAY WITHIN THE RULES
HIGH tech innovators in sportswear and outdoor equipment are developing fabrics and garments that do more and perform better, from health monitoring to slowing the effects of aging. Many inventions spring from unlikely source materials, for instance waste milk. And for sports, manufacturers have to be especially clever – ensuring their innovations avoid creating uncompetitive advantages that break sporting rules.…
TELCOS PONDERING STRATEGIC MOVE INTO DIVERSITY OFFERED HELPING HAND BY CSG
Telecommunications companies are at a fork in the road. With so many third party services and innovations available – either as competitors or partners – they have essentially two choices: either they focus on delivering these services as efficient infrastructure companies, or they team up with the burgeoning array of data and comms-based applications and content systems, becoming a diversified retailer of electronic services.…
COAL HOLDS ITS OWN – SHOULD OUTLAST OIL AND GAS
COAL might be regarded as the oldest energy source going, but it is still currently the world’s largest long-term source of electricity. It fuels around 40% of global electricity production, according to the UK-based World Energy Council, a United Nations (UN) accredited body representing some 3,000 private and public-sector member organisations across 90 nations.…
INDIA TARGETS STANOLS AND TREHALOSE FOR NEW LABEL RULES
INDIA is to amend food labelling regulations to require warnings about Plant Stanol Esters, which are cholesterol reducing agents, and also Trehalose, also known as Mycose or Tremalose, which is a source of glucose.
Packets of dairy items, sauce, salad dressing, breakfast cereals, chocolates, sweets, soy and rice drinks, juices and nectars will soon have to specify the quantity of Plant Stanol Ester (as Plant Stanols) per 100 grammes or 100 millilitres in products.…
NHA BE GARMENT CORPORATION FOCUS: A VIETNAM OUTSOURCER WITH COMPLEX SUPPLY LINES
IF further evidence was needed that Asian outsourcing is becoming increasingly mature, with a reliance on international supply chains, then the FOB division of Ho Chi Minh City, Vietnam’s Nha Be Garment Corporation Joint Stock Company (NBC) is a case in point.…
INDONESIA TARGETED BY ITALIAN TEXTILE MACHINERY EXPORTERS
THE INDONESIAN textile industry is being targeted by Italian machinery suppliers, who are aiming for further strong growth in sales to Indonesia over the next few years noting that the south-east Asian country’s textile industry is set to update much of its plant.…
INDIAN RAILWAY GEOTEXTILE INITIATIVE COULD BOOST HEALTH OF INDIAN JUTE SECTOR
India’s sagging jute industry is hoping to receive a boost from a new Indian Railways project where jute-based technical textiles will be used to strengthen rail tracks. “Jute geotextile of a specified strength and size will be used on the subgrade of the railway tracks to enhance its bearing capacity,” said Tapobrata Sanyal, chief consultant to National Jute Board of India, “the cesses [the areas next to railway ballast] will also be treated with jute geotextiles to prevent surface soil erosion.”…
UN EXPERT GROUP CALLS FOR HALT TO INDIAN POSCO STEEL PLANT CONSTRUCTION
A powerful panel of United Nations experts called yesterday (October 1) on India’s central and state governments to halt the construction of a steel plant in the eastern Indian state of Odisha. The group claimed at an announcement in Geneva that the project, promoted by South Korean multinational steel corporation Posco, would displace more than 22,000 people and disrupt the livelihoods of thousands more in surrounding areas.…
MALAYSIA TARGEST SUSTAINED GROWTH IN OIL AND GAS RESERVES
PETRONAS, Malaysia’s state-owned oil and gas (O&G) company, plans to increase the country’s O&G production and resource addition at a compound annual growth rate (CAGR) of 3.5% over the five years 2013 through 2017.
This target follows Petronas’ announcement in January 2013 of plans to spend MYR186 billion (USD56.7 billion) on the country’s O&G sector over the next five years, and to increase significantly its production activities for both hydrocarbons.…
UNIQUE LAGOON AIRPORT IN THE MALDIVES MAY YET BE BUILT
THE IDEA of an international airport terminal that sits in a lagoon instead of on land is groundbreaking, but if it makes sense anywhere it is probably in the Maldives. The Indian ocean archipelago has a thriving tourist industry based on its natural beauty with “pristine water, deserted islands, white coral sandy beaches, mild weather and an unpolluted sky,” stressed a designer of the proposed Hanimadhoo airport.…
DESPITE COMPLIANCE ISSUES, BANGLADESH REMAINS NUMBER ONE ALTERNATIVE: MCKINSEY
A PARTNER at advisors McKinsey has argued that Bangladesh’s advantages in low cost and convenience for brands will ensure its clothing and textile sector keeps growing, despite the Rana Plaza disaster.
Dr Achim Berg led a study released at last week’s World Fashion Convention, Shanghai, which concluded that about 72% of the total 29 chief purchasing officers (CPO) surveyed are planning to move orders from China to other Asian countries in the next five years, although China will still remain as the largest sourcing market.…
GLOBAL CLOTHING AND TEXTILE EXPERTS URGE CHANGES SO CHINA MANUFACTURING SECTOR CAN FACE NEW CHALLENGES
INTERNATIONAL clothing and textile experts gathered near Shanghai last week (September 23-7) to discuss solutions to China’s twin challenges – dealing with less foreign demand, while managing rising production costs.
Speaking at the 29th World Fashion Convention, Shanghai, staged in nearby Kunshan, Texhong CEO Hong Tianzhu told delegates it was time for Chinese manufacturers to upgrade their plant and processes, while moving some production outside China.…
POTENTIAL SRI LANKA AND CHINA FREE TRADE AGREEMENT SPARKS INTENSE DEBATE
THE MUCH publicised talks to strike a south-south free trade agreement (FTA) between the world’s largest clothing and textile exporter, China, and upcoming niche outsourcer Sri Lanka is sparking intense debate about its potential impact.
While the secretary-general of Sri Lanka’s Joint Apparel Association Forum (JAAF), Tuli Cooray, is upbeat about the proposed agreement, senior economists Dr Saman Kelegama and Dr Harsha de Silva have urged caution.…
POINTCARRÉ 5.0 PUSHES THE ENVELOPE ON C.A.D.
SOFTWARE solutions specifically designed for the knitwear industry can save time and money while moving products from design to production more quickly.
Paris headquartered Pointcarré International is a leader in computer aided design (CAD), its innovative Pointcarré knit software and its various modules being used by major brands such as Ralph Lauren, Hot Sox, K.…
COMPANIES FALL SHORT ON CORRUPTION SAFEGUARDS
SEPTEMBER 12, 2013: MULTINATIONAL companies are less worried about the risk of having to pay bribes to ‘buy business’ than they are about lower level corruption affecting their routine operations. Despite concern, only half of them have safeguards in place.
These findings in a new survey from global risk consultancy Control Risks and the Economist Intelligence Unit are at odds with international enforcement efforts focused on “classic” corruption, i.e.…
CHIT FUND FRAUD IN INDIA
THE POPULARITY within India of informal investment schemes and high rates of household savings has made ‘chit fraud’ a dangerous scam for small investors. Raghavendra Verma explains this financial crime from New Delhi.
‘The Saradha Group – The name that everybody trusts’, was a useful catchphrase for a company seeking small investments from the Indian public, but now it is being mocked, even reviled.…
DESPITE AGOA, AFRICAN APPAREL AND TEXTILE MANUFACTURERS LOSING OUT TO FOREIGN COMPANIES
BARACK Obama seems ready to accept an extension of the African Growth and Opportunity Act (AGOA) for another 15 years before it expires in 2015, but sub-Saharan African textile manufacturers might have mixed feelings.
African ambassadors in Washington DC have been under strict instructions from their governments to lobby the United States Congress to renew the law, forming an ambassadors’ AGOA working group led by Ethiopian ambassador Girma Birru.…
INDIA DELAYS JUTE COMPULSORY USE SCHEME BECAUSE OF OVERSUPPLY FEARS
AN EXCESS supply of jute bags in India has prompted the government to delay an annual decision on ordering the food grain and sugar industry to use sacks made of jute, and the jute sector is warning this could cause a market glut.…
TEXTILE TRADE BETWEEN PAKISTAN AND INDIA REMAINS A SLEEPING GIANT
Pakistan’s textile industry has largely remained detached from the industry and the markets of its neighbour India and the hostile relations between the two nations improve, their textile industries stand to benefit immensely: “There could be a huge intra-industry trade between the two countries,” said Dr Pravakar Sahoo, associate professor at the Institute of Economic Growth at the University of Delhi.…
PAKISTAN TEXTILE INDUSTRY TO BE BOOSTED BY COTTON PRODUCTION INCREASE
THE PAKISTAN textile sector is anticipating a bumper cotton harvest due to the favourable weather conditions in the main cotton-growing Punjab and Sindh provinces. Government officials and textile industry representatives said timely rains would boost output. A report from the government’s cotton crop assessment committee has said Pakistan was likely to produce 13.255 million bales (of 170 kilograms each) in the fiscal year of 2014, ensuring cotton production would rise by 1.68 million bales, or 14.52%, compared to the 11.57 million bales produced in the fiscal year 2013.…
PAKISTAN FAILS TO REAP GLOBAL HALAL MEAT MARKETS
PAKISTAN meat sector executives believe their export sector is underperforming, failing especially to seize sales in affluent international halal markets.
With an estimated annual output of 2.2 million tonnes, Pakistan is the 19th largest producer of meat in the world.…
SOUTH AFRICA FACES FRESH FMD OUTBREAK
Foot and Mouth Disease (FMD) has broken out in a key cattle rearing area of South Africa – Limpopo province, in the country’s north-east. Reports from South Africa’s department of agriculture, forestry and fisheries’ animal production and health branch, have blamed contact with wild animals for the outbreak.…
COVERING THE RISK OF DEEPWATER EXPLORATION AND PRODUCTION
THE INSURANCE risks involved in oil and gas exploration and production (E&P) are rising in line with growing industry complexity and the move into deeper, remoter and more environmentally sensitive environments.
This is placing ever greater demands on the need to identify, quantify and insure against risk, particularly when the financial and reputational repercussions of getting it wrong are escalating too.…
SOUTH ASIAN SHIP SCRAPPING OPPONENTS WARN EU LAW MAYBE PAPER TIGER
The European Union’s (EU) new ship recycling regulation that controls how European-flagged ships are to be scrapped in Asian countries has been ridiculed by experts in Bangladesh and India, the two major shipbreaking centres in Asia. They told Steel First that even if the poor existing facilities in these countries are upgraded to meet the minimum environmental standards as prescribed in the new regulation, verifying them would be tough. …
INDIA YARN EXPORTS TO CHINA RISE
INDIA’S sales of yarn to China have increased by 75% in last two months, according to Kandasamy Selvaraju, secretary general of Southern India Mills Association. He told just-style: “142 million kg of yarn was exported in June and July this year; it used to be 80 to 90 million kg in the past.”…
BANGLADESH TO IMPORT 200,000 TONNES OF COTTON ANNUALLY FROM UZBEKISTAN
BANGLADESH is planning to import 200,000 tonnes of cotton annually from Uzbekistan in a new multi-annual deal to be finalised shortly. Negotiations are underway to set its terms in a Memorandum of Understanding between the two governments, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Atiqul Islam told just-style.…
BEAUTY BUSINESS BOOMING IN BANGLADESH
BANGLADESH’S fast growing economy is developing a robust and booming personal care product market. Mosaddeq Hossain, owner of a general store at the Shagoria Bazaar in Hatiya sub-district, neat Chittagong, recalls 10 years ago, there was almost no demand for his stocks of Sunsilk shampoo.…
PAKISTAN TEXTILE INDUSTRY TO BE BOOSTED BY COTTON PRODUCTION INCREASE
THE PAKISTAN textile sector is anticipating a bumper cotton harvest due to the favourable weather conditions in the main cotton-growing Punjab and Sindh provinces. Government officials and textile industry representatives said timely rains would boost output. A report from the government’s cotton crop assessment committee has said Pakistan was likely to produce 13.255 million bales (of 170 kilograms each) in the fiscal year of 2014, ensuring cotton production would rise by 1.68 million bales, or 14.52%, compared to the 11.57 million bales produced in the fiscal year 2013.…
TURKEY TAPS INDIA FOR TEXTILE INPUTS AND MACHINERY, BUT STRUGGLES TO EXPORT CLOTHING IN RETURN
TURKEY’S textile sector has been struggling to export its products to India, but it is finding the south Asian giant a useful source for importing dyeing and finishing machinery, yarn, fabric and cotton, industry experts have told WTiN.com.
Indian dyeing and textile finishing machinery is increasingly popular in Turkey, as its quality has risen while prices remain competitive: “In past three years we have sold 50 machines to the textile companies in Turkey,” said Mr K Venkat Reddy, managing director of Gujarat-based Kusters Calico Machinery Ltd.…
SRI LANKAN APPAREL INDUSTRY EYES HIGH-END CHINESE MARKET
Sri Lanka’s garment industry is targeting higher-end Chinese consumers, with total apparel exports to China growing twenty-fold – from USD0.7 million in 2010 to USD15 million in 2012, according to the country’s Joint Apparel Association Forum of Sri Lanka. (JAAF)
In China, a new market has emerged for top quality local brands, the JAAF said in a statement, adding: “The high level of GDP [gross domestic product] growth and rising per capita income has widened the middle class there.”…
IF INDIA INTEGRATES AND INVESTS, IT CAN RIVAL CHINA AS CLOTHING EXPORTER, CONFERENCE TOLD
THE INDIAN apparel industry has made progress with backward integration over last five years but exporters rely too heavily on refunds of custom duties when re-exporting apparel based on fabrics and fibres bought outside the country, a Li & Fung India executive told a New Delhi conference on Friday (July 19).…
MANUFACTURERS SEEK IMPROVEMENTS IN SPEED, PRESSURED BY FAST FASHION RETAIL
To meet apparel and textile brands’ desire to move into fast fashion, manufacturers have begun to embrace new production processes that improve efficiency and performance. Apparel and textile manufacturers have been slower than many other manufacturing industries to embrace supply chain improvements in speed, but are now succumbing to pressure from brands moving into fast fashion retail.…
APPAREL AND TEXTILE-SPECIFIC SOFTWARE ENSURES QUICK AND ACCURATE SUPPLY CHAIN COMMUNICATION
APPAREL and textile manufacturers looking to streamline their supply chains can benefit from product lifecycle management software, which can make communications and risk management processes linking suppliers and retailers more efficient and accurate.
“There’s a lot of new technology that’s been introduced in the last few years that helps manage that supply chain – everything from the finances, the logistics, quality, design, right through into merchandising,” said Robert Cammilleri, senior account executive of business development at US-based safety consulting company, UL (Underwriters Laboratories Inc).…
FAST FASHION RETAILERS SUCCEED WITH PRODUCT VARIATIONS, FLEXIBLE DECISION-MAKING
THE MANAGEMENT of fast fashion retail supply chains is not just about maximising speed to market, it is about flexibility too. Retailers have had to make their supply chains and decision-making sufficiently quick and flexible to cater to consumers shopping with a ‘buy now, wear now’ mentality.…
PARAG SEEKS JVs FOR NORTHERN INDIA
JULY 16,2013 – PARAG MILK FOODS, a major Indian dairy products company is looking to expand sales of fresh products in northern states through joint ventures or partnerships with dairies there.
“We are scouting for partners: we want to expand to the north with our existing products,” Parag chairman Devendra Shah last night told just-food.…
INDIA’S COTTON TEXTILE EXPORT SECTOR CAN AND SHOULD DO BETTER – EXPERT REPORT
THE INDIAN cotton textile industry has increased its global competitiveness over the last decade, but still its exports have not shown the corresponding results, said a report compiled by Zurich-based consultancy agency Gherzi. Entitled ‘Cost Benchmarking Study – India vis-à–vis Bangladesh, Indonesia, Egypt, China, Pakistan and Turkey’, it was commissioned by the Indian Cotton Textiles Export Promotion Council and released in New Delhi last week (July 25).…
DIVERSE MOBILE COMMS SERVICES POSE CHALLENGES TO AIRPORT MANAGERS
MOBILE communication services have become a significant focus for airports worldwide regarding improving passenger experience, especially as the use of interconnected smart devices has boomed. Airports have been building on previous services, such as improving and expanding their wireless internet coverage and working with airlines to allow for flight check-ins via mobile communication devices.…
INDIA'S AIRPORTS STRUGGLE TO BECOME MAJOR TRANSIT HUBS
DESPITE the billions of dollars spent on modernising several major Indian airports, government officials admit they have failed to become strong international hubs, limiting their potential.
According to a May 2012 report, ‘Developing aviation hubs in India’, published by the Indian ministry of civil aviation, in the year ending March 2011 only 12% of passengers in Mumbai and 9% in Delhi used these airports for transit, and most are transferring to domestic destinations.…
INDIA’S NEW TEXTILE MINISTER WANTS LABOUR LAWS TO ALLOW 24-HOUR WORKING
India’s new textiles minister Kavuru Sambasiva Rao told an international textile conference in New Delhi on Friday he wants the textile sector to be relieved from rigid labour laws that prevent manufacturers working 24 hours-a-day. Rao, who was appointed last month (June), said that he is pushing for the Indian cabinet to approve new legislation in the southern state of Karnataka that would give the industry more flexibility in laying-off workers and to allow women to work night shifts in factories.…
OECD RAISES CONCERNS ABOUT TAX HAVEN TAX INFORMATION EXCHANGE
THE ORGANISATION for Economic Cooperation & Development (OECD) has released detailed reports on 13 countries, mostly key financial centres, highlighting some shortcomings their providing tax information with foreign tax authorities. Particular problems were underlined with the British Virgin Islands (BVI), where there where “difficulties obtaining and exchanging information for tax purposes” from July 2009 to June 2012, with a “significant proportion” of responses to tax information requests being “incomplete”.…
EU-US FTA COULD PUSH WORLD TOWARDS FIRST NEW GLOBAL STANDARD FOR CAR SAFETY
THE NEGOTIATIONS for a free trade agreement (FTA) between the European Union (EU) and the United States, which started this month in Washington DC (July 8), could push the world towards a truly global vehicle regulatory system for the first time, according to EU sources close to the negotiations.…
CHINA’S TOBACCO BUREAUCRACY PAYS OUT GENEROUS SUBSIDIES TO ENCOURAGE BETTER VARIETIES, DRYING TECHNIQUES
CHINA’S tobacco growers are set for a bumper crop of subsidies this year (2013), which will see state payments to leaf growers pass Chinese Yuan Renminbi CNY15 billion (USD2.44 billion) for the first time, up from CNY14.7 billion (USD2.39 billion) paid out in 2012.…
OECD STEEL COMMITTEE CHAIR TELLS GOVERNMENTS TO EASE STEEL INTERVENTION
The chairman of the influential steel committee of the Organisation for Economic Cooperation & Development (OECD) has told steel-making countries to ease off subsidising the sector to fight overcapacity.
In a statement released after a two day meeting of the committee in Paris, Risaburo Nezu noted that: “Excess capacity is one of the biggest challenges facing the steel industry today.”…
ENVIRONMENT COMMITTEE MEPS BACK REVISED EU SHIP RECYCLING LAW TEXT
The European Parliament’s environment committee has backed the new law provisionally agreed between European Parliament negotiators and European Union (EU) member states on improving the environmental and working standards for scrapping EU-owned ships. Under a planned EU regulation, such ships would have to be dismantled in ship recycling facilities listed by the EU as meeting specific requirements, and are certified and regularly inspected.…
MOBIXELL OFFERS MOBILE COMPANIES A PORTAL TO SELL GOODS AND SERVICES TO THEIR CUSTOMERS
Making money in the mobile communications sector is always about the art of the possible, but ambitious companies will always seek to tap the most revenue streams. The question, as ever, is how to achieve such goals, without being weighed down with additional layers of management that eat into those vital profit margins.…
AFGHANISTAN ACTS ON AML/CFT BUT PROGRESS SLOW
a nervous Afghanistan ponders its future after 2014, when NATO forces are scheduled to withdraw, its banking authorities have started to overhaul the country’s anti-money laundering (AML) and combating the financing of terrorism (CFT) laws to align them with Financial Action Task Force (FATF) recommendations and best international standards.…
HVDC DEVELOPMENT AND INNOVATION RAMPS UP
RECENT technical advances and headline projects show how companies with market leadership in high voltage direct current (HVDC) and Ultra HVDC (UHVDC) are pushing the envelope of what these technologies can do.
Since Sweden’s ASEA (now part of Swiss multinational ABB) installed the world’s first commercial HVDC link, under the Baltic Sea to the Swedish island of Gotland in 1954, it has become the technology of choice for transmitting current over very long distances on land or subsea.…
US TO DISCUSS EXCESS STEELMAKING CAPACITY WORLDWIDE, TRADE DISTORTING POLICIES AT OECD STEEL COMMITTEE
The United States will express concerns about foreign government subsidies that fuel excess steelmaking capacity worldwide at Monday and Tuesday’s (July1-2) Organisation for Economic Co-operation & Development’s (OECD) steel committee. The US and other key steel-making countries are scheduled to meet in Paris for two days of talks.…
PAKISTAN STRUGGLES AGAINST THE ODDS ON AML
PAKISTAN has strengthened its anti-money laundering (AML) and combating the financing of terrorism (CFT) laws and institutions but still faces huge challenges to fight dirty money flows stemming from its large black economy, corruption, tax evasion, smuggling, political conflicts of interest and its role as a conduit for drug trafficking and terrorists.…
NEW FATF RECOMMENDATIONS SPARKS AML REFORM WORLDWIDE, BUT SOME CHANGES ARE SLOW
THE CHANGES made in 2012 by the Financial Action Task Force (FATF) to global anti-money laundering and terror finance guidance might have been agreed by consensus, but governments are responding in a wide variety of ways. Some jurisdictions considered to be leaders in anti-money laundering (AML) and combating the financing of terrorism (CFT) practice are taking time to respond, while others have taken advantage of the new recommendations to revamp their AML laws and regulations.…
EMERGING MARKETS GIVEN MORE TIME TO ADOPT WTO INTELLECTUAL PROPERTY RULES
THE WORLD’S 49 least developed countries have been given another eight years to implement the intellectual property protection rules demanded by the World Trade Organisation (WTO). This means that their governments have the freedom to choose whether to protect trademarks, patents, copyright, industrial designs, geographical indications and other rights, potentially harming pharma companies.…
ASIAN TEXTILE FIRMS GO GREEN AND SAVE MONEY
IF there is one country where the need to improve environmental performance in clothing and textile production is clear it is surely Bangladesh. With more care and attention paid to industrial processes and premises comes improved safety and working conditions, and after the recent factory collapse and fire, Bangladesh knows it has to raise its game.…
CHINESE COTTON AND CLOTHES STOCKS BEING RELEASED, BUT PRICES WILL REMAIN WEAK
China’s massive cotton stockpiles have been interpreted as bearish for prices by the US Department of Agriculture, but analysts suggest a tight supply outside the country and the unwillingness of local textile mills to buy at auction will push prices higher into next season.…
INDIA’S AMUL PLOTS NEW PRODUCTION IN THE USA
INDIA’S largest dairy brand Amul is expanding beyond India for the first time by planning to launch its first offshore production facility in the United States. In a joint venture with a local dairy in upstate New York, in Waterloo, between Rochester and Syracuse, Amul will produce specialised products for the sizable Indian community living on the east coast of United States.…
CROATIA COMMERCIAL PROPERTY SECTOR CAUTIOUSLY OPTIMISTIC ABOUT EU ACCESSION
THE COMMERCIAL property sector in Croatia, which is to join the European Union (EU) on July 1, is anticipating a boost to several key sectors as a result of the country’s long-awaited accession. However, the industry remains understandably cautious given the continuing economic difficulties being faced by the EU.…
CROATIA COMMERCIAL PROPERTY MARKET EXPECT SHOT IN THE ARM FROM EU MEMBERSHIP
Given it took 10 years negotiations for Croatia to achieve the European Union (EU) membership to be granted on July 1, its government will want pay-back in economic growth and wealth through its new integration with 27 current EU countries.
And it is encouraging that the leading commercial property agencies in Croatia forecast an upturn in several key markets over the next year, due largely to Croatia’s EU accession.…
INDIA’S UTTAR PRADESH DYEING INDUSTRY STRUGGLES TO RAISE ITS GAME
INDIA has a long tradition of cottage industry dyeing, but today, these skills are brought to bear for supplies to larger manufacturers who make clothing, fibre and textiles for major domestic and international markets.
International Dyer visited such a traditional dyeing hub last month – Barabanki, a small town in north Indian state of Uttar Pradesh.…
MOHANDAS PAI – TELLS IT HOW IT IS
It is always nice to hear refreshing candour from a senior accounting executive – and that’s what you get from TV Mohandas Pai, Indian chartered accountant (CA) and former CFO of information technology giant Infosys. Take that, giants of the world’s accounting sector: “The big four are more interested in the commercial success of their own businesses rather than putting back money into the profession,” Mr Pai told Accounting & Business in a no-holds-barred interview at his Bangalore office.…
INDIAN STATE SUBSIDISES BROILER REARING
government of Uttar Pradesh state in India has introduced an ambitious scheme to incentivise the rearing of millions of broiler chickens.
Implemented 15 May, it offers a subsidy worth 10% of interest payments incurred by new farms of at least 10,000 parent units of broiler chicken and with at least 70% bank financing.…
INDONESIA'S COAL PRODUCTION BOOMS WHILE MINING LAGS
INDONESIA’S mining industry is richly endowed with natural resources. United States Geological Survey (USGS) reports stress how the country ranks among the world’s leading producers of tin, copper and nickel, with sizeable reserves of other key ores such as bauxite, gold and silver.…
INDIA, IRAN READY TO BARTER TEXTILES FOR OIL
A PRELIMINARY deal to barter Indian textile products for Iranian oil has been signed between representatives of these two industries, India’s Textile Association president D. R. Mehta has told just-style. And now, a detailed agreement between the two governments will follow, he said.…
UTTTAR PRADESH SEEKS CLOTHING AND TEXTILES EXPORT BOOST
The chief minister of Uttar Pradesh state in India, Akhilesh Yadav has told just-style that his government wants to spur future expansion in clothing and textiles through major infrastructure investments.
Speaking at a private event late last week in the state capital Lucknow, Yadav said the city’s strong textile finishing industry has been hamstrung by poor links to India’s export gateway ports.…
FACTORY COLLAPSE SET TO SPAWN CONSOLIDATION IN BANGLADESH KNITWEAR INDUSTRY
THE RECENT industrial accidents that have marred the reputation of Bangladesh’s knitwear outsourcing industry have increased the pressure on the small firms in the sector to merge so they can improve investment in equipment and premises.
Last year’s Tazreen Fashions fire and the factory collapse in April have prompted questions in the global knitwear sector about its “race to the bottom” low cost gambit, unleashing public outrage and calls for improved factory conditions and better safety regulations. …
LOCAL KNITWEAR COMPANIES SEEKING NEW GROWTH IN SOUTH AFRICA
Knitwear companies on Mauritius have been inspired by the economic malaise harming their key European export markets to diversify their sales strategy by seeking to tap the key regional market of South Africa. It is now the Indian Ocean island country’s second largest knitwear export market after the European Union (EU).…
– DRINKS PACKAGERS LOOK TO COMMUNICATE BETTER WITH CONSUMERS
Drinks packaging design has always been about communicating with consumers – whether it is broadcasting a brand image or delivering information. And with new technologies aiding communication in many ways, interaction is a key theme with international beverage packaging designers today.…
PUNJAB LAUNCHES DAIRY MANUFACTURING EXPANSION PLAN
THE DEPUTY chief minister of India’s Punjab Sukhbir Singh Badal has approved setting up four new milk processing plants in the northerly and industrialised state at an investment of Indian rupees INR2.5 billion (USD 44 million). These would expand the state’s cooperative milk federation Milkfed, with the aim of promoting its brand Verka.…
INDIA COSMETICS SECTOR PUSHES GOVERNMENT FOR HARMONISED REGISTRATION FOR IMPORTED PRODUCT SALES
THE INDIAN cosmetics and perfumery industry is campaigning for an end to legal confusion over regulations governing the sale of imported products in India. “We have taken up the matter with the government that irrational demand and restrictive practices are not in the interest of consumers,” said Sanjay Trivedi, founder director of Indian Home & Personal Care Industry Association.…
INTERNATIONAL REGULATORY ROUND UP – EU PROTECTIVE PET DUTIES TO BE REIMPOSED
THE EUROPEAN Commission has proposed re-imposing tough definitive countervailing and antidumping duties on imports into the European Union (EU) of polyethylene terephthalate (PET) from India. The countervailing duties have a standard rate of 69.4% and the anti-dumping duties Euro EUR153.60 per tonne.…
WORLD BANK WELCOMES INDIA TB LAB NETWORK IMPROVEMENTS
THE WORLD Bank has welcomed the outcome of a USD178 million project funded in India to boost its fight against tuberculosis, notably through boosting laboratory capacity.
In an assessment report, the bank said funded changes made under India’s Second National Tuberculosis Control Programme were “overall…satisfactory”.…
PAKISTAN PUSHES AHEAD WITH BAGASSE CO-GENERATION – BUT WILL IT BE FOR REAL THIS TIME?
AFTER many false starts and delays, Pakistan appears to be finally ready to expand its bagasse and biomass co-generation output by persuading the 83 sugar mills in the country to start production of electricity on commercial basis. The government is planning incentives such as an attractive upfront power purchase tariff and help in capital financing.…
WTO PANEL TO RULE ON LEGALITY OF CHINESE ANTIDUMPING DUTIES ON JAPANESE STEEL TUBES
A World Trade Organisation (WTO) disputes panel has been authorised to settle a row between China and Japan over Chinese anti-dumping duties on high-performance stainless steel seamless tubes imported from Japan.
Tokyo argues that these duties break global commerce rules, notably the WTO’s anti-dumping agreement and its general agreement on tariffs and trade (GATT).…
BANGLADESH: A STORY OF RESILIENT GROWTH
Bangladesh, once derided as a “basket case” by Henry Kissinger, is now on par with other emerging Asian economies and developing rapidly.
*It has 150 million people, and 15 million people left poverty [SAYS WHO?] between 2000 and 2010. The country has 150 million people, and the World Bank says 15 million people left poverty between 2000 and 2010.…
AFRICA CONGRESS OF ACCOUNTANTS SEEKS TO IMPROVE CONTINENT'S TRANSPARENCY, ACCOUNTABILITY
EXPERTS representing accounting bodies from around the world urged accountants in Africa to help reduce corruption and mismanagement in their governments through effective bookkeeping and auditing, as the continent moves towards sustainable growth. The 2nd Africa Congress of Accountants (ACOA) gathered in Accra, the capital of Ghana, from May 14-16.…
INDIA’S TECHNICAL TEXTILE SECTOR STRUGGLES TO GROW, BUT THE POTENTIAL IS VAST
INDIA’S technical textile industry is encountering some serious obstacles as it tries to meet its government’s ambitious expansion targets, but optimism still prevails.
“Technical textile usage in the country is only 10-15% of total textiles,” said Shashi Singh, executive director of the India Technical Textile Association, “But India is a big market and we are creating awareness about this nascent industry.”…
INDIA PLANS DISASTER RESCUE UNIT FOR LIVESTOCK
THE INDIAN government is to create a national Veterinary Emergency Response Unit, charged with protecting the country’s huge livestock population during natural disasters, such as floods, fires, droughts and earthquakes, a New Delhi conference has heard. “We are going to train the students of Indian veterinary colleges in disaster management techniques so that they can rush to save livestock whenever a disaster strikes,” S Abdul Rahman, President of the Commonwealth Veterinary Association, told globalmeatnews.com. …
COPA-COGECA SOUNDS ALARM OVER EU BEEF INDUSTRY WEAKNESS
EUROPEAN Union’s (EU) farmers association Copa-Cogeca has warned today (Friday) that the EU beef sector is “catastrophic situation”, arguing that it was no time to increase access to EU beef markets through bilateral trade talks.
Negotiations with Canada are close to completion and the Canadian government is pushing for better EU market access for its beef exporters.…
DEFINING PARAMETERS OF ETHICAL SOURCING
ETHICAL sourcing in the garment and textile industry is a key consideration – not just because it is the right thing to do, but because consumers are keen to know how their clothes and accessories have been produced. But one key question is who sets the parameters of what is ethically sourced?…
INDIAN DYERS LOOK TO EUROPE FOR QUALITY EQUIPMENT, CONFERENCE TOLD
ENVIRONMENTAL concerns and market demands for higher quality are prompting Indian technical textile manufactures to switch to modern dyeing machines imported from Europe, industry players have stressed at a New Delhi conference.
“Many companies are acquiring machines from [Italy’s] Obem, [Germany’s] Thies and Loris Bellini,” also of Italy, said Shashi Kant Gaur, general manager of Ludhiana-based fibre dyeing and spinning yarns manufacturer Yogindera Worsted Limited, “people are more confident with the European technology”.…
LIVING UP TO THE CHALLENGE OF CHANGING SOURCING EQUATION
THE EVER-CHANGING sourcing equation is a challenge to the global garment and textile industry supply chain. There is talk of moving production back home to western countries – bringing it closer to market- but its viability is being questioned. Meanwhile in Asia, where the majority of clothes are currently produced worldwide, the sourcing landscape is changing, experts say.…
OECD WORKING GROUP PUSHES AGAINST GRAFT – BUT MANY GOVERNMENTS TURN BLIND EYE TO FOREIGN BRIBERY
THE ORGANISATION for Economic Cooperation & Development (OECD) has made a lot of noise about its anti-bribery convention. But some countries are failing to comply, and where others do – otherwise honest companies can lose trade. David Hayhurst and Keith Nuthall report.…
INDIA’S TIRUMALA MILK PRODUCTS IN EXPANSION MODE
India dairy major Tirumala Milk Products (Private) Limited’s executive director E N Rao has confirmed just-food that his company is expanding fast – setting up a new Indian Rupee INR1 billion (USD18.28 million) milk processing and packaging plant. This will be built at Melmaruvathur, 80 kms from Chennai, in southern India, and will be operational by the end of 2013.…
BRITISH ACCOUNTANT TELLS HOW HE HELPS RUN KAZAKHSTAN’S ECONOMY
IT seems for all the world like the setting for a Graham Greene novel: a British-trained chartered accountant in charge of an almost unfathomably wealthy state-owned holding corporation in a distant outpost.
Yet Greene would barely recognise the 21st century context in which Our Man in Kazakhstan operates.…
MAURITIUS CLOTHING AND TEXTILE EXPORTS SWITCH FOCUS FROM EUROPE TO SOUTH AFRICA
Clothing and textile companies in Mauritius are looking to South Africa to recoup export sales, given European export markets have been weakened by the ongoing financial crisis.
“The South African market is rising… which is benefiting directly local textile operators,” said Ahmed Parkar, chief executive of Star Knitwear a leading Mauritius clothing group.…
IN GREECE – THE PUBLIC FINANCE AND ACCOUNTING ROT GOES DEEP
THE ECONOMIC and social chaos that has riven Greece in the past few years appears at last to be subsiding, but one part of the healing process is accepting want went wrong in the first place – and new revelations do not make encouraging reading.…
USA TRIALS 4D AIRPORT MODELLING SYSTEM IN INDIA
AMERICAN public and private money is funding a feasibility study in India of a US-designed 4D gate-to-gate simulator of airport and airspace operations assisting decision-making, planning and analysis. Under the US-India Aviation Cooperation Program (ACP), the Airports Authority of India (AAI) has received a USD476,320 grant from the US Trade and Development Agency (USTDA) and USD558,720 from Colorado-based Jeppesen Sanderson Inc to assess installing the Jeppesen Total Airspace and Airport Modeler (TAAM) system in India.…
ERP/PLM USAGE GROWS IN EMERGING MARKETS
Emerging markets, with their major outsourcing sectors, offer an excellent marketplace for operational software vendors.
This is especially the case as American and European markets mature.
In China, textile and clothing manufacturers are not known for their heavy IT investment, but the financial crisis of 2008 has slowly pushed them into adopting management software such as ERP and PLM to cut costs through optimising their operations, said Patrick Hu, sales director at the Huansi International Group, a Hong Kong-based software vendor specifically targeting Chinese manufacturers.…
TEXTILE COMPANIES INCREASINGLY SEEKING ERP, PLM SOLUTIONS
Enterprise Resource Planning (ERP) software solutions have become powerful and numerous, allowing apparel companies to manage vast amounts of complex data under one umbrella, from finance, stock and manufacturing processes to distribution. Driven by the need to leverage this information and obtain even greater precision and speed in time to market, in recent years many ERP packages have come to include modules specifically tailored for the clothing industry, either as an add-on package or an integration with a product lifecycle management (PLM) system.…
INDIAN COURT REJECTS STUDENTS’ BID TO ALLOW PRIVATE COPY SHOPS TO PRODUCE COURSE PACKS WITHOUT PAYING PUBLISHERS
An Indian court has thrown out an attempt by a students’ organisation to allow private campus-based photocopying shops to create bound near-complete copies of course books. In a case setting a nation-wide precedent, Delhi High Court (on April 25) rejected an appeal from the Association of Students for Equitable Access to Knowledge (ASEAK) for the court to overturn an August 2012 decision preventing a photocopy shop in the University of Delhi’s Delhi School of Economics (DSE) from undertaking this work.…
AS INTERNATIONALISATION GROWS – EUA FOCUSES ON NEED TO IMPROVE RANKINGS SYSTEMS
THE ANNUAL conference of the European University Association (EUA) has debated how rankings systems need to become more sophisticated benchmarks as the higher education system worldwide becomes more internationalised.
Speaking to University World News after last week’s event in Ghent, Belgium, Ms Lesley Wilson, the EUA’s Secretary General, said that while “everyone has a different view” about rankings, they need to deliver sophisticated benchmarking systems with which institutions will be able to compare themselves against other learning bodies.…
SOPHISTICATED FAKE EUROPEAN TOBACCO SMUGGLING SYSTEM UNVEILED IN GERMANY COURT
A COMPLEX international supply web supporting an illicit business of tobacco counterfeiters, losing European Union (EU) governments Euro EUR50 million in duties, has been unveiled in a German court. Details were revealed in a case at the Berlin-Moabit criminal court convicting a German-Russian co-national to nine years jail.…
BRIBERY GOES THIRD PARTY TO AVOID LAW ENFORCEMENT SQUEEZE
IS the suitcase or manila envelope full of cash still a favoured means of exchange between briber and bribed, or has bribery become so sophisticated that such basic methods are now foresworn? It would appear so – at least, third parties are now readily employed to obscure a bribe trail.…
CHINA AIMS TO DEVELOP DOMESTIC HIGH-END TECHNICAL TEXTILES, BUT A LONG WAY TO GO
CHINA’S demonstrable skills in clothing and textile manufacture has yet to yield dividends in the technical textiles field, with the country still relying heavily on imports, especially for high-end products such as carbon fibre, high temperature fibre and medical textiles.
In 2011, China spent USD3.4 billion importing technical textiles, including woven and unwoven lines, mainly from the US and Japan – up 22.7% from USD2.77 billion during 2010, according to Beijing-based China Nonwovens and Industrial Textiles Associations (CNITA).…
UK SEIZES AND DESTROYS POTENTIALLY DANGEROUS HENNA PRODUCTS
THE UK government has reported to European Union (EU) consumer protection network Rapex that its consumer protection authorities have seized and destroyed potentially dangerous henna-based personal care products. In two cases these were hair dyes imported from India under the Moon Star brand’s Herbal Henna line – their copper brown and burgundy products.…
COLOMBIA’S AUTOMOTIVE INDUSTRY BRACES FOR ARRIVAL OF TARIFF-FREE KOREAN VEHICLES
COLOMBIA industry associations and politicians have warned the country’s automotive industry is at risk following the signing of a free trade agreement with South Korea in February.
The free trade agreement, which is expected to come into force at the end of this year, will eventually allow South Korea-made vehicles to enter the South American country free of the current 35% tariff.…
INDIA’S NUCLEAR SECTOR WILL KEEP LOOKING FOR LONG TERM WASTE SITES, DESPITE POLITICAL OPPOSITION
INDIA’S nuclear industry says it will continue to look for long term nuclear waste depositories, despite hostile public opinion hindering its attempts to identify sites. “Nobody wants it in their backyard,” said KS Parthasarathy, former secretary of India’s Atomic Energy Regulatory Board told World Nuclear News, “Nuclear waste disposal is not just a technical issue but a sociological and political one as well.”…
MAHMOOD MAMDANI SHOWS HOW INTELLECTUALS CAN PROMOTE CHANGE IN AFRICA
It is easy to show how vice-chancellors and other senior university officials can lead academic policy and programmes – because that is their job. The role of intellectuals and senior academics without formal power in leadership is harder to define. But some intellectuals are so prominent that they inspire change and development in academia – and such is the case with Professor Dr Mahmood Mamdani, the African historical, political and social commentator.…
BRUSSELS TO PROPOSE LEGISLATIVE MEASURES ON SHALE GAS EXPLORATION IN EUROPE
THE EUROPEAN Commission looks set to propose binding legislative standards for the 27 European Union (EU) member states to follow in exploring unconventional fossil fuel resources amid public concern over the environmental and social impact consequences of the main production method – hydraulic fracturing or fracking.…
IRAN OFFERS MASTER-CLASS IN EVADING THE TOUGHEST SANCTIONS IN HISTORY
IRAN is under sanctions from the United States, the European Union (EU) and the United Nations, and last year the US tightened the screws even more. As President Barack Obama said following his re-election in November, 2012: “We’ve imposed the toughest sanctions in history.”…
INDIA TO GET NEW HIGHWAYS REGULATOR – BUT PROGRESS ON ROAD BUILDING SLOWED BY RED TAPE AND FUNDING SHORTAGES
INDIAN highway developers have welcomed the government’s decision to set up a regulatory authority for country’s roads network, which is widely regarded as being of insufficient scope and quality.
“Bringing in a regulator is going to be a good move as it can settle many disputes and policy issues,” said Mr M Murali, [NOTE – HE WOULD NOT SHARE HIS FULL NAME – THIS IS NOT UNUSUAL IN INDIA] director general of India’s National Highways Builders Federation.…
INDIA’S BRANDED MEAT SECTOR MAKING PROGRESS, BUT MORE INVESTMENT NEEDED
HYGIENE, quality and food safety will drive the sale of processed meat and poultry in India but significant investment is required before these standards are achieved, an international conference on ‘Technology in Indian Food Processing Industry’ was told in New Delhi on Friday (Mar 22).…
INDIAN GOAT MEAT EXPORTS ON ROLLER COASTER RIDE
A STEEP rise and then within a few years an equally steep fall in the exports of goat meat from India has exposed failings within the country’s supply chain, say industry experts. According to Mansoor Nadeem Lari, managing director of Abdullah Fresh Foods in Lucknow, Uttar Pradesh, a recent 500% collapse in the Indian goat meat exports has been sparked by rising domestic prices.…
GLOBAL TRADE IN COUNTERFEIT MEDICINES KILLS ON A GRAND SCALE
IF there is one crime condemned worldwide it is the sale and smuggling of counterfeit medicines. Sometimes close copies and sometimes dangerous substances – this crime kills on a grand scale.
Counting the number of its victims accurately is difficult, because of the subversive nature of the trade, but some think-tanks have tried.…
VIETNAM KNITWEAR INDUSTRY AIMS TO EXPLOIT FREE TRADE OPPORTUNITIES
INCREASED competition and a weakened global economy have not dimmed expectations for Vietnam-based knitwear exporters, with two major trade deals looming, able to guarantee duty free exports to the US and the European Union (EU). They will also remove non-tariff barriers impeding trade, boosting optimism amongst established exporters of quality Vietnam-made knitwear.…
ETHIOPIA KNITWEAR SECTOR GROWS FAST – SEEKING EXPORT SALES AND FOREIGN INVESTMENT
IN recent years Ethiopia’s knitwear industry has experienced a boom. As well as several major companies, including Primark, Tesco, and H&M now sourcing knitwear from Ethiopia, some Asia-based factory owners have moved production to Ethiopia, and various domestically-owned plants are developing.…
INDIAN EXPORTERS WELCOME NEW BUDGET
INDIAN garment exporters have expressed relief after receiving the details of India’s annual central government budget for 2013, after a feared increase in indirect taxes was not proposed. Exporters worried about an increase in import duties for inputs and also excise duties on outputs that have to be reclaimed later for exports. …
CONDITIONS FOR INDIAN MILLS ‘GETTING WORSE’
POWER outages and industrial unrest that have caused chronic shutdowns among Indian textile mills are escalating, the industry’s main trade association has warned.
Severe electricity shortages are to blame for mill closures in southern India while labour shortages are responsible elsewhere, said Anil Gupta, vice president of The Textile Association (India).…
AUSTRALIA: READY TO BECOME WORLD’S SECOND BIGGEST COTTON EXPORTER
AUSTRALIA is set to become the world’s second largest exporter of raw cotton, with exports to jump by 11% to a record 1.1 million tonnes in the year ending July 2013, the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) has predicted.…
AMUL SAYS NEW IN-HOUSE MUMBAI PLANT WILL PROTECT QUALITY AND HELP DIVERSIFY PRODUCT LINES
The managing director of the Gujarat Co-operative Milk Marketing Federation has told just-food its launch this month of a new Amul milk processing plant in Virar, a suburb of Mumbai, was part of a plan to deliver consistently high quality.…
FONTERRA CFO WELCOMES STRONG GLOBAL RESULTS FOR NEW ZEALAND DAIRY GIANT
New Zealand dairy giant Fonterra has highlighted its increasing focus on emerging markets, as the battle among global dairy companies for a share of markets in Asia, the Middle East and Latin America hots up. Just-food’s Jonathan Dyson spoke to Fonterra CFO Jonathan Mason as the company released its latest half-yearly results.…
NEW GLOBAL MARKET OPPORTUNITIES SET TO EMERGE FOR OLEOCHEMICALS – CONFERENCE TOLD
SIGNIFICANT new market opportunities are set to emerge for the oleochemicals industry over the coming years, as potential new segments emerge and traditional uses diversify, while growth in emerging markets, particularly China, continues.
Delegates at the ICIS Asian Oleochemicals Conference, which took place in Kuala Lumpur on January 30-31, attracting around 90 delegates, were told that bio-based chemicals’ performance was getting better and better.…
HYGIENE AT DELHI MAIN ABATTOIR CRITICISED AT NATIONAL MEAT CONFERENCE
HYGIENE at Delhi’s main abattoir in Ghazipur was been severely criticised at the Meat and Poultry Summit held earlier this week by the Confederation of Indian Industries (CII). “There are many unhygienic practices, very little supervision and very little care for quality,” Ashok C Khosla, a Delhi-based food consultant told the conference.…
INDIA’S DOMESTIC MEAT AND POULTRY SECTOR STRUGGLES TO RAISE STANDARDS – CONFERENCE TOLD
INDIA’S domestic meat and poultry industry is struggling to break free from being a traditional backyard trade, even if its exporters are improving standards, a Meat and Poultry Summit organised by Confederation of Indian Industries (CII) in New Delhi has been told.…
PAKISTAN INDIA YARN EXPORTS TO CHINA
PAKISTANI cotton spinners have lost the opportunity to sell thousands of tonnes of cotton yarn to China, hindered by severe power shortages, just-style has been told. Mahesh Kumar, President of Pakistan’s Cotton Ginners’ Association said: “For two months in the winter there was hardly any electricity for the industry in the state of Punjab where 75% of our spinning mills are based.”…
INDIAN EXPORTERS SEEK LESS DEPENDENCE ON FLAGGING EUROPEAN DEMAND
INDIAN garment exporters are looking to buyers in new countries to compensate for drops in orders from struggling, traditional western markets, Dr A Sakthivel, chairman of the Apparel Export Promotion Council (AEPC) has told just-style.
“Since the last two years when our conventional markets in Europe, the United States and Canada are facing economic problems, we have started to look for new markets in South America, South Africa, Japan and Israel,” he explained.…
INDIA CLOTHING ASSOCIATION BOSS SAYS LOCAL MANUFACTURERS MUST TARGET DOMESTIC MARKETS
THE PRESIDENT of the of the Clothing Manufacturers Association of India (CMAI) has told just-style that falling demand from United States and Europe means Indian garment exporters must explore domestic markets for new sales. “For some companies it is a matter of survival, while for the others it is to achieve growth,” said president Rahul Mehta, “I see few other options for them but to try and enter domestic market.”…
BRICS DRINKS LOGISTICS - SWOT ANALYSIS
Strengths:
China has a booming e-commerce sector, and growing online drinks retailers are building more warehouses nationwide. They need to balance ‘just-in-case’ and ‘just-in-time’ demands and also the need for flexibility versus low inventory. Negotiating these logistical pressures is vital in this huge yet highly fragmented market.…
NEW COMPANIES BILL MEANS STRICTER REGULATIONS FOR INDIA AUDITORS
INDIA’s auditors have had a difficult time in the court of public opinion since the revelations of the USD1 billion Satyam Computer Services scandal. A new Companies Bill might change that – although it will also inflict some pain on India’s auditors.…
INDIA REPORTING FIRMS SEEK TO DOCUMENT FRAUD DESPITE SHORTCOMINGS
THAT reporting firms in India consider fraud a significant and continuing problem can be seen in the country’s newspaper headlines, which are quick to highlight learned fraud reports, which appear to be released at increasingly regular intervals. Recent reports have garnered headlines such as ‘Corporate India still napping on fraud prevention: KPMG study’; ‘India Inc worst affected by frauds after Africa: Kroll report’; ‘Investors are biggest sufferers of frauds: Ernst & Young’, and even “Cos feel frauds are ‘inevitable cost’ of doing biz: KPMG’, to name a few.…
WTO PANEL FORMED TO RULE ON ARGENTINA COMPLAINT OVER US BEEF IMPORT BAN
A WORLD Trade Organisation (WTO) disputes panel has been established to rule on whether US bans on Argentine beef imports are legal under global trade laws. Argentina’s government says the restrictions are illegal under the WTO’s general agreement on tariffs and trade (GATT) and the WTO agreement on sanitary and phytosanitary measures.…
MOSLEM LEADERS ALLEGE HARASSMENT OF MEAT TRADERS IN INDIA BY HINDU EXTREMISTS
THE LEADERS of India’s 160-million plus Muslim community that dominates the country’s meat trade is complaining of persistent harassment by Hindu hardliners.
Zafarul-Islam Khan, president of the All India Muslim Majlis-e-Mushawarat (AIMMM), a Delhi-based religious organisation AIMMM, told globalmeatnews.com that on the pretext of saving cows, deemed sacred by Hindus, activists harass people working in buffalo abattoirs.…
KYOTO PROTOCOL EXTENDED AND ALL EYES ON 2015 FOR NEW GLOBAL CLIMATE CHANGE DEAL
THE ENERGY sector has been left guessing whether there will be a robust future international climate change agreement after the latest global diplomatic meeting on the subject in Doha, Qatar. Delegates attending the 18th session of the Conference of the Parties to the UN Framework Convention on Climate Change were tasked from November 26 to December 7 with solving two key issues: devising a post-Kyoto Protocol agreement that will kick in from 2020; and also devising a holding agreement for countries wanting to reduce emissions from the expiry of the Kyoto Protocol this December until the new agreement comes into force.…
MOSSI & GHISOLFI LAUNCH GROUNDBREAKING SECOND GENERATION BIOETHANOL PLANT IN NORTHERN ITALY
Mossi & Ghisolfi, an Italian petrochemical multinational with headquarters in the northern city of Tortona, has commenced operations at a second generation bio-ethanol demonstration plant that uses rice straw and the common giant cane ‘Arundo Donax’ as a feedstock.
The plant is located in Crescentino, about 120 km southwest of Milan in Italy’s Piedmont region.…
EU OLIVE OIL ACTION PLAN BROADLY WELCOMED BY BIG EUROPEAN PRODUCERS
THE EUROPEAN Commission has put forward an action plan aimed at creating a lasting remedy for Europe’s troubled olive oil sector which has suffered a near-calamitous loss of profitability in recent years. Unveiled last June, the plan follows a sequence of temporary and not wholly successful boosts to the sector in the form of injections of private storage aid between October 2011 and May last year.…
ETHIOPIA DEVELOPS MAJOR POTASH RESERVES FOR ASIAN MARKETS
ETHIOPIA’S potential as a source of industrial minerals is beginning to be realised, with a growing number of exploration and mining projects underway, and rapidly increasing foreign investment.
To date, its Ministry of Mines has granted 72 industrial minerals exploration licenses – 61 to foreign companies, eight to Ethiopian/foreign joint ventures, and three to local companies; and 52 mining licenses – 28 to foreign companies, 17 to Ethiopian/foreign joint ventures, and seven to local companies.…
BANGLADESH’S SEEKS TO DIVERSIFY KNITWEAR EXPORT MARKETS
DECLINING demand from the USA and European Union (EU) for Bangladesh knitwear has not dampened the world’s second largest clothing exporter from aiming high. Rather, Bangladesh is planning to more than double its current knitwear exports, to USD20 billion by 2020, seeking out new markets.…
MALAYSIA TEXTILE AND CLOTHING SECTOR FOCUSES ON QUALITY TO ACHIEVE GROWTH
Malaysia’s textile and clothing industry is planning to focus on three key areas – higher value fashion, dyeing and finishing, and technical textiles – to sustain strong growth and continue to compete with significantly lower-cost competition elsewhere in Asia.
The country’s textile and apparel exports grew 28.4% to USD3.8 billion in 2011, according to the Malaysian Textile Manufacturers Association (MTMA), with a further significant increase expected in 2012.…
ASEAN: VERTICAL INTEGRATION AND STRATEGIC PARTNERSHIP NEED TO GROW
THE CREATION of a harmonised customs system within the 10 countries of the Association of Southeast Asian Nations (ASEAN) by 2015 should be better exploited by its regional clothing and textile industry through better vertical integration, a conference was told this week.…
INDIA CONFERENCE TOLD TECHNICAL TEXTILE SECTOR COULD MAKE THE MOST OF NEW GOVERNMENT SUBSIDIES
TECHNICAL textile experts have told just-style Indian manufacturers within this sector need a new Indian government scheme designed to promote such advanced technology.
India’s commerce minister Anand Sharma unveiled the details at Technotex 2013, an international conference organised by Federation of Indian Chambers of Commerce and Industry (FICCI) in New Delhi late last week.…
COLOMBIA CLOTHING SECTOR EYES EUROPE AS TARGET FOR MARKET DIVERSIFICATION
Colombia’s clothing export sector is eyeing Europe as a key market for diversifying its sales away from a reliance on the United States and neighbouring South American countries. Senior industry officials speaking at the major Latin America textile and apparel trade fair, Colombiatex, staged last week in Medellin, said they would pro-actively seek out European sales.…
CRITICS OF AUSTRALIA’S TOBACCO PLAIN PAPER PACKAGING WARN REFORM
WHILE Australia’s government has pushed forward aggressively in terms of tobacco control, with the world’s first law prohibiting all brand imagery and promotional text on tobacco products’ packaging, despite criticism at home and abroad.
Paul Mazoudier, a former corporate lawyer in Sydney, chairman of several large Australian corporations and an avid smoker, was not impressed by his first box of plain-packaged cigarettes.…
ECOADDITIVES A POPULAR INGRIDIENT - BUT NOT AT ANY COST
BY CARMEN PAUN, RAGHAVENDRA VERMA AND KITTY SO
THE DEMAND for eco-friendly additives is growing and will continue to, as long as the paints and coatings incorporating them have a similar price and functionality those with regular additives, according to Carine Lefèvre, general manager at the Belgium-based Coatings Research Institute (CoRI).…
ETHIOPIAN PHARMA SECTOR GROWS - WOTH DOMESTIC MANUFACTURING TAKING OFF
BY JONATHAN DYSON, IN ADDIS ABABA
WITH Africa’s second largest population – around 85 million – and one of the world’s fastest growing economics, expanding annually at 7% over recent years, opportunities in Ethiopia for both domestic and overseas pharmaceutical manufacturers are increasing rapidly.…
JUST-STYLE MANAGEMENT BRIEFING: MANUFACTURING WINNERS AND LOSERS IN 2012
BY MJ DESCHAMPS
WINNERS
Nike
Multinational sporting goods giant Nike made positive moves to shrug the bad PR associated with low cost sourcing, announcing it was "changing the rules of the game" in May, with a new factory rating system – the Sourcing & Manufacturing Sustainability Index.…
EU MARKETING BAN ON ANIMAL TESTED COSMETICS TO BE ENFORCED DESPITE LACK OF ENOUGH ALTERNATIVE METHODS
BY CARMEN PAUN IN BRUSSELS
IN a move which critics might claim animal welfare is being given priority over human safety, the European Union (EU) is about to implement a marketing ban on all cosmetics which have been tested on animals since March 11, 2013.…
LOSERS
BY MJ DESCHAMPS
China
Between the worsening Eurozone crisis dampening demand in key export markets, sourcing rivals from neighbouring countries becoming increasingly competitive, the strengthening Chinese yuan and rising labour costs, analysts warned in August that Chinese textile and clothing manufacturers’ business would struggle for the rest of 2012.…
CHANGE IN EU GSP SYSTEM TO REMOVE AMMONIUM SULPHATE DUTIES
BY KEITH NUTHALL
THE IMPORT of textile finishing chemical ammonium sulphate into the European Union (EU) will become duty free from January 1, 2014, for the 89 countries still covered by the EU’s reformed Generalised Scheme of Preferences (GSP) on that date.…
STEADY GROWTH FOR ETHIOPIAN TOBACCO SECTOR - HELPED BY CRACKDOWN ON ILLICIT TRADE
BY JONATHAN DYSON, IN ADDIS ABABA
THE TOBACCO market in Ethiopia is set for significant growth over the coming years, due to rising incomes and a range of measures designed to reduce the volume of contraband cigarettes being consumed in the country.…
AUTO MANUFACTURERS WORLDWIDE GRAPPLE WITH THE CONCEPT OF 'PEAK CAR'
BY MARK ROWE
For decades the car industry in the developed world has expanded remorselessly. But a recent flurry of academic papers has come to the conclusion that the West (and other rich countries such as Japan and Australia) may have hit a plateau known as ‘peak car’.…
GHANA COCOA INDUSTRY GROWS, BUT WORRIES ABOUT CLIMATE CHANGE
BY PACIFICA GODDARD
GHANA is particularly vulnerable to climate change according to recent studies, putting its vital cocoa and oil palm industries under threat. The International Centre for Tropical Agriculture (CIAT), based in Bogotá, Colombia, released a study in September 2011, which claims that much of Ghana and Cote d’Ivoire will be too hot for cocoa production by 2050.…
US STATE DEPARTMENT INTENSIFIED DIPLOMATIC EFFORTS AGAINST FAKE MEDICINE TRADE
BY KEITH NUTHALL
AMERICA’S State Department has outlined a range of measures it is taking overseas to fight the trade in counterfeit medicines. Its undersecretary for economic growth, energy, and the environment Robert D Hormats told a Washington, DC global forum on pharmaceutical anti-counterfeiting and diversion: "Broadcasting the dangers of counterfeit and substandard medicines and is critical to safeguarding pharmaceutical supply chains in the United States and other pharmaceutical supplier and consumer countries."…
CHINESE PHARMA COMPANIES TURN TO AFRICA FOR RISING EXPORT AND INVESTMENT OPPORTUNITIES
BY WANG FANGQING, IN SHANGHAI
THE CHINESE pharmaceutical sector is pushing hard to secure sales in sub-Saharan Africa – seeing it as a softer and growing export market, compared to stagnating mature markets in Europe and north America. It is for want of trying.…
LOSERS
BY MJ DESCHAMPS
Adidas
Sportswear giant Adidas confirmed in July that it would be closing its only company-owned Chinese apparel factory, which employs around 160 people. It also continued to face pressure in 2012 to make USD1.8 million in severance payments to workers at a former Indonesian supplier factory, where its owner fled without paying wages.…
BHARTI WALMART TRAINING CENTRES IN INDIA
BY MINI PANT ZACHARIAH, IN DELHI
Food wholesalers and their retail customers within Britain might take their knowledge and skills for granted, but it is a different story in emerging market countries such as India. There, big wholesale and retail chains need trained staff and may have to recruit employees with little or no experience of modern food distribution networks.…
ETHIOPIA'S GOVERNMENT PRESSES AHEAD WITH AMBITIOUS TEXTILE AND CLOTHING EXPANSION PLAN
BY JONATHAN DYSON, IN ADDIS ABABA
A GROWING number of major retailers are sourcing textiles and clothing from Ethiopia, as the country’s industry undergoes a major expansion programme. Hennes & Mauritz (H&M) became the latest high street giant to begin purchasing textiles and garments from Ethiopia in November.…
BRUSSELS ANGERED OVER OBAMA BLOCKING USA AIRLINES USE OF EUROPEAN EMISSIONS TRADING
BY ALAN OSBORN
THE EUROPEAN Union’s (EU) climate action Commissioner has reacted with a characteristic show of impudence on Twitter to US President Barack Obama’s signing into law of a bill barring US airlines from participating in the EU’s emissions-trading scheme (ETS).…
SOUTH KOREA TEXTILE AND CLOTHING COMPANIES TO ESTABLISH BASE IN ETHIOPIA
BY JONATHAN DYSON, IN ADDIS ABABA
The leader of Ethiopia’s clothing and textile sector has claimed eight South Korean companies are to open textile and garment plants in his country, in a new industrial park close to the capital Addis Ababa.…
EU CONFIRMS BEEF EXPORTERS AS LOSERS IN NEW GSP LOW DUTY REGIME
BY KEITH NUTHALL
THE EUROPEAN Commission has confirmed key beef exporters Brazil, Argentina and Uruguay will be excluded from the European Union’s future GSP low import duty regime for emerging markets, as they are now too rich to benefit. Brussels has released a list of countries that will qualify for this special status and the Brazilians, Argentines and Uruguayans are not included, along with middle-income countries such as Venezuela, Belarus, Russia, Kazakhstan, Malaysia and others.…
CHANGE IN EU GSP SYSTEM TO IMPACT EUROPEAN INDUSTRIAL MINERALS
BY CARMEN PAUN IN BRUSSELS
THE EUROPEAN Commission is hoping that the recent overhaul of the European Union’s (EU) Generalised Scheme of Preferences (GSP) will increase the flow of rare earth metals and aluminium oxide into the EU. Concerns persist about supplies of these important industrial minerals.…
EU BIOFUEL INDUSTRY GEARING UP FOR SURVIVAL FIGHT WITH POLICY-MAKERS
BY CARMEN PAUN, IN BRUSSELS
EVER since the European Commission announced last month that it would stop subsiding food-based biofuels from 2020 and support the production of secondary biofuels based on waste matter and algae, Europe’s biofuel sector has been preparing to fight for survival.…
BANGLADESH SCRAPS RECORD NUMBER OF SHIPS IN 2012
BY POORNA RODRIGO
Bangladesh has scrapped 203 ships so far this year, making it the largest number ever in the history of its thriving ship breaking industry, the Bangladesh Ship Breaker’s Association (BSBA) secretary Nazmul Islam has told Steel First.
In 2010 Bangladesh scrapped only 75 ships, and the number improved to 145 in 2011 before it shot up to 203 in this year so far.…
DANONE AIMS TO DOUBLE BABY FOOD SALE IN INDIA IN THREE YEARS
BY MINI PANT ZACHARIAH, IN MUMBAI
French multinational food company Danone plans to double its market share of 8% in India’s Indian Rupee INR 25 billion (USD 459 million) baby food market over the next three years, Laurent Marcel, managing director of Nutricia Baby Nutrition has said.…
AMUL SIGNALS WILLINGNESS TO ACCEPT DEFEAT IN TRIX TRADEMARK BATTLE
BY RAGHAVENDRA VERMA, IN NEW DELHI
The Indian parent company of world’s largest liquid milk brand Amul has Signalled it will accept the loss of rights over the chocolate trademark ‘TRIX’ to US-controlled General Mills India Pvt Ltd. Rupinder Singh Sodhi, chief general manager of Gujarat Co-operative Milk Marketing Federation, which markets and owns Amul, said that company lawyers would be studying the ruling by the High Court of western Indian state Gujarat.…
BIRD FLU HITS INDIAN POULTRY DEVELOPMENT AGENCY
BY KEITH NUTHALL
THE INDIAN government agency charged with the development of the national poultry sector has been hit by an outbreak of bird flu on one of its turkey farms, the Office International des Épizooties (OIE), the world animal health organisation has said.…
COMMERCIAL FRAUD COST INDIAN BUSINESS USD1.2 BILLION IN 2011-2 SAYS ERNST & YOUNG
BY RAGHAVENDRA VERMA, NEW DELHI
Commercial fraud in India inflicted at least USD1.2 billion in losses to Indian businesses in the financial year ending March 2012, a report ‘Fraud Indicators in India’ by Ernst & Young has claimed. The report, based on analyses of 180,000 news reports, revealed a growing threat of collusion within India between corrupt employees and external fraudsters, with crimes being committed increasingly using forged or stolen documents.…
ETHIOPIA PLOTS MAJOR INTERNATIONAL AIRPORT CAPACITY EXPANSION
BY JONATHAN DYSON, IN ADDIS ABABA
A NEW airport in Ethiopia is to become the main international hub in the country. With rapidly growing traffic at Addis Ababa Bole International Airport over recent years, plans are underway to build a major new airport that would supersede Bole as the country’s main international airport, while Bole itself would be expanded.…
AMERICAN FRACKING PROMPTS BOOM IN INDIAN GUAR GUM SEED MARKET
BY RAGHAVENDRA VERMA, IN NEW DELHI
IT may seem odd that the development of natural gas and oil fracking in the United States might create wealth for farmers in the arid Indian state of Rajasthan, but it is the case. Seeds of guar or cluster bean (Cyamopsis tetragonoloba), a common vegetable in India, are in demand from America’s growing fracking industry.…
GOOD FINANCIAL REPORTING ESSENTIAL TO EMERGING MARKET BUSINESSES
BY MJ DESCHAMPS
FOR multinational businesses, comprehensive and precise financial reporting is critical for a company’s success, and such good practice is also essential for companies striving for profits within emerging markets.
Earlier this year, the World Bank’s International Finance Corporation (IFC) released a report ‘Being the Change: Inspiring the Next Generation of Inclusive Business Entrepreneurs Impacting the Base of the Pyramid’, which highlights the IFC’s ‘inclusive business models’ strategy.…
EU MINISTERS APPROVE REFORMS TO LOW DUTY SYSTEM
BY KEITH NUTHALL
THE EUROPEAN Union (EU) Council of Ministers has today approved a shake-up of its special low duty system for poor exporting countries, which is expected to change tariffs paid on steel and iron and relate ore paid on its entry into the EU.…
US PROJECTS INDIA WILL BECOME THE WORLD'S LARGEST BEEF EXPORTER IN 2012
BY RAGHAVENDRA VERMA, IN NEW DELHI
INDIA will become the largest exporter of beef in the world in 2012, the United States Department of Agriculture (USDA) has concluded in its latest report ‘Livestock and Poultry-World Market and Trade 2012’. The fact creates a rather ironic situation as cows are considered holy by India’s majority Hindu population and killing them can actually lead to a seven years prison sentence.…
INDIAN BUSINESS LEADERS CALL FOR INDIA BAUXITE EXPORT BAN
BY RAGHAVENDRA VERMA, IN NEW DELHI
Indian business leaders have pushed their government to ban the export of bauxite over concerns that local alumina refineries are being starved of supplies. The Federation of Indian Chambers of Commerce and Industry (FICCI) has written to the ministry of commerce and industry in New Delhi arguing that if a ban is not imposed, some Indian refineries could close.…
THE NUMBERS GAME IN VIETNAM - KATHERINE WU, UNILEVER
BY CONNLA STOKES, IN HO CHI MINH CITY
As one of the world’s fastest-growing accountancy bodies, ACCA is attracting more finance and management professionals in Asia eager to get to the top. This is certainly the case for Shanghai, China-born Katherine Wu.…
GYPSUM TRADE THRIVES ON INDO-PAKISTAN BORDER OPENING
BY RAGHAVENDRA VERMA, IN NEW DELHI
GYPSUM producers and users have been key beneficiaries of the slow liberalisation of trade controls between India and Pakistan, Industrial Minerals can report. The Wagah border post linking the Indian state and Pakistani province of Punjab – a region divided in 1947 when Indian and Pakistan became independent, now processes a roaring trade in Pakistani gypsum.…
EU TEXTILE FINISHING CHEMICAL FINSHING IMPORT DUTIES TO RISE
BY KEITH NUTHALL
THE EUROPEAN Union (EU) Council of Ministers has streamlined the EU’s special low duty system for poor exporting countries, which will increase tariffs for some EU textile finishing chemical imports. Ministers backed a new generalised tariff preferences (GSP) system, with special low duties henceforth "concentrated on least developed, low income and lower middle-income countries…"
This means richer emerging market paint exporting countries such as Russia, Malaysia and Brazil will attract higher EU tariffs for their exports from January 2014, with India and China likely to follow suit soon.…
ASIA PACIFIC MEN'S GROOMING MARKET GROWS ON BACK OF CULTURAL ACCEPTANCE
BY MARK ROWE
The cosmetics market for Asian men is thriving where other sectors struggle. "Men’s skin care products appear to exist in a different economic world to much of rest of the industry," said Diyva Sangameshwar, a spokeswoman for market researchers Euromonitor based in Singapore.…
MALAYSIA HAS SOLID SUSTAINABLE GROWTH IN FOREIGN UNIVERSITY BRANCH CAMPUSES
BY MARIANI DEWI
BRANCH campuses of established western universities can be major prizes for emerging market higher education systems – but attracting these institutions is not easy, even for economically dynamic countries such as Malaysia.
There are still only six branch campuses in this south-east Asian country.…
WHAT WILL HAPPEN TO FOSSIL FUEL SUBSIDIES?
BY DAVID HAYHURST, IN PARIS
THREE years ago, the Group of Twenty (G20) finance ministers and central bank governors stated the organisation’s intention was to "rationalise and phase out over the medium term inefficient fossil fuel subsidies that encourage wasteful consumption".…
HELP WANTED IN 'THE GARDEN OF EDEN'
BY TENZING LAMSANG in BHUTAN
HELP WANTED IN ‘THE GARDEN OF EDEN’
The tiny Himalayan Kingdom of Bhutan has undergone tremendous changes in the last decade, from opening up to television and the internet in 1999, to the introduction of parliamentary democracy in 2008 by an enlightened monarchy.…
BOOSTING AUDIT IN THE LAND OF HAPPINESS
BY TENZING LAMSANG in BHUTAN
Tenzing Lamsang reports from Bhutan on an ACCA Fellow’s roles in fostering good audit and accounting practice there and throughout Asia.
HE displays a tough streak in combatting fraud, corruption and governmental waste, but also a mellower side in his public service ethic and support for his country’s pursuit of happiness.…
INDIA GOES HEAD TO HEAD WITH INTERNATIONAL COMPETITORS IN THE REALM OF PETROLEUM ACQUISITIONS
BY RAGHAVENDRA VERMA, IN NEW DELHI
WHILE the Indian government is pushing its public sector oil companies to acquire oil and gas fields overseas to help ensure reliable supplies for future, a shortage of funds – along with stiff competition from Chinese companies – has resulted in limited success.…
INDIA'S NEW AIRPORT CITY THE FIRST OF ITS KIND
BY RAGHAVENDRA VERMA, IN NEW DELHI
"A NEW and superior urban form of living," is how India’s first airport city, Durgapur Aertropolis, in West Bengal, is being defined by its promoter and main contractor, Changi Airports India Pte Ltd, a subsidiary of Singapore-based Changi Airport International.…
INDIA EASES IRON ORE MINING BAN
BY RAGHAVENDRA VERMA, IN NEW DELHI
05 September 2012
THE lengthy ban on iron ore mining in the Indian state of Karnataka has been partially lifted by the country’s Supreme Court, a decision that could eventually increase annual supply in the domestic market by 4.5 million tonnes and soften prices.…
INDIA TIGHTENS UP PILOT LICENSING MONITORING AFTER FAKE PERMIT SCANDAL
BY RAGHAVENDRA VERMA, IN NEW DELHI
INDIA’S aviation authorities have tightened the monitoring of Indian pilots’ qualification procedures after a major pilot licencing scandal forced the government to order several high level enquiries 18 months ago. In March 2011, nine Indian pilots working with domestic airlines were arrested to answer allegations that they had provided fraudulently amended examination marks while applying for their commercial pilot licences.…
ASIA-PACIFIC
BY MINI PANT ZACHARIAH, IN MUMBAI, JULIAN RYALL, IN TOKYO, AND WANG FANGQING, IN SHANGHAI
In India, the daily struggles that exist in terms of both bureaucracy and bad roads has kept beverage industry logistics at a basic level, according to Cedric Vaz, executive vice-president of manufacturing at India’s United Breweries Ltd.…
LUXURY CLOTHING MARKET PROVES RECESSION PROOF
BY LEE ADENDOORF, IN LUCCA; MINI PANT ZACHARIAH, IN MUMBAI; WANG FANGQING, IN SHANGHAI; AND LEAH GERMAIN
DESPITE the financial storm clouds that have disrupted Europe’s economy over the past few years, the continent’s luxury apparel sector has proved remarkably resilient, with global demand for their products rising.…
NEW OUTSOURCING PLAYERS CHALLENGE EXPORT GIANTS
BY POORNA RODRIGO AND MUNZA MUSTAQ, IN COLOMBO
Of course the BRICs countries are far from being the only emerging market suppliers for the global apparel sector – and a knot of competitors such as Bangladesh and Vietnam have long been vying for business.…
OUTSOURCING WITH THE BRIC COUNTRIES: HOW DO COMPANIES GAIN THEIR FOOTING?
BY MJ DESCHAMPS
OUTSOURCING textile and apparel production is a necessary step along the supply chain for many large international brands, which – more than often – have long-standing relationships with manufacturers abroad. These partnerships have to start from somewhere, though – and with economic development continuing to grow in the BRICs (Brazil, Russia, India, China) and other emerging market countries, there are many third-party companies and services that can help international buyers choose the right manufacturer.…
INTERNATIONAL BRANDS SEEK SALES IN EMERGING MARKETS
BY SHEENA ROSSITER, IN SÃO PAULO; RAGHAVENDRA VERMA, IN NEW DELHI; HELEN CLARK, IN HANOI; AND WANG FANGQING, IN SHANGHAI
WHILE the focus on emerging markets for the big international clothing brands has often been to view them as outsourcing opportunities, the truth is that there are a lot of people with a lot of money in these countries.…
EMERGING MARKET COUNTRIES MANAGEMENT BRIEFING OUTSOURCING SUPPLIERS STILL WANT TO DESIGN AND OWN BRANDS - BUT PROGRESS IS SLOW
BY SHEENA ROSSITER, IN SÃO PAULO; RAGHAVENDRA VERMA, IN NEW DELHI; HELEN CLARK, IN HANOI; AND WANG FANGQING, IN SHANGHAI
THE GROWTH in outsourcing has been maybe the most important trend in the clothing and textile sector in the past decade, with emerging market countries offering increasingly reliable and sophisticated services.…
THE INTERNATIONAL BUTTER INDUSTRY CONTINUES TO SPREAD, DESPITE SOME VOLATILITY
BY MJ DESCHAMPS
DESPITE the global recession, and volatility in the dairy market as a whole, the international butter industry is anticipating long-term growth. Used as a spread, a condiment, or as an important ingredient in baking and cooking, demand for butter has been a significant constant in the global food industry.…
INDIA'S COSMETICS SECTOR PREPARES TO TAP IMMENSE RURAL AND SMALL TOWN MARKET
BY RAGHAVENDRA VERMA, IN NEW DELHI
India’s fast growing personal care products industry – particularly its cosmetics portion – is waking up to the major potential of the country’s rural and semi-urban markets. Major players are targeting these new aspiring consumers with innovative campaigns and targeted products and are set to reap handsome returns.…
GOLD
BY RAGHAVENDRA VERMA, IN NEW DELHI
GOLD carries maybe more status in India than in other major global markets and an increasing range of skin cosmetics products containing gold flakes and gold dust are being offered to Indian customers with claims of alluring benefits that they provide.…
INDIAN TEXTILE INDUSTRY NEEDS TO IMPROVE COSTS AND SPEED TO SEIZE MORE EXPORT MARKETS, CONFERENCE TOLD
BY RAGHAVENDRA VERMA, IN NEW DELHI
THE INDIAN apparel and textile industry needs to evolve and adapt quickly to overcome the changing demand patterns from its major export markets, delegates at the textile conference were told in New Delhi on Thursday.…
KEROSENE STILL KING: HOW TRADITIONAL JET FUEL IS CONTINUING TO TAKE PRECEDENCE OVER BIOFUELS IN AVIATION
BY MJ DESCHAMPS
THE LAST decade has seen significant developments, initiatives and legislation towards integrating biofuels and other environmentally-friendly fuel alternatives into transport and the aviation sector. But while renewable fuels are projected to have a significant stake in fuelling aircrafts going into the future, traditional kerosene jet fuel still maintains a tight grip on the industry.…
PSM PUSHES GOVERNMENT FOR INTERVENTION OVER LOCAL IRON ORE SUPPLIES
BY RAHIMULLAH YUSUFZAI, IN PESHAWAR
The Pakistan government is considering a demand from ailing state-owned Pakistan Steel Mills (PSM) to exempt local iron ore from a 16% sales tax, ban its export or impose an export duty on its sale abroad.…
QUEBEC GOVERNMENT SET TO FINANCE EXPANSION OF CONTROVERSIAL ASBESTOS MINE
BY MJ DESCHAMPS
OPERATIONS at Canada’s largest open-pit asbestos mine will be re-starting shortly, with exports of chrysotile set to begin within a year, following the signing of a financing agreement between the Québec government and a consortium of shareholders.
Mine Jeffrey’s Canadian dollar CAD83 million (USD 81.45 million) financing agreement to restart operations – which includes a CAD25 million investment from shareholders of the mine, and a CAD58 million loan bearing 10% interest – will help the Asbestos, Québec, mine complete the construction of its underground infrastructure, rendering the mine productive for the next 20 years, at least.…
EU REJECTS CODEX STANDARD OF GROWTH SUBSTANCE
BY KITTY SO
THE EUROPEAN Union (EU) is opposing a decision to create an international limit on the use of ractopamine, a fattening agent for pigs and cattle, arguing the substance should not be used at all because of potential health risks to humans.…
ACTA WOULD HAVE IMPROVED THE FIGHT AGAINST FAKE SCOTCH WHISKY
BY KITTY SO
THE ANTI-COUNTERFEITING Trade Agreement (ACTA), a multilateral treaty designed to strengthen anti-copying laws worldwide, has been rejected by the European Parliament, which means it will not apply in the European Union (EU).
MEPs accepted concerns that the treaty was too vague, and hence open to misinterpretation, opening the door for court rulings that might overly restrict freedom of speech and commercial innovation.…
SLUGGISH ECONOMY DRIVES SPANISH CONSUMERS FROM PREMIUM TO PRIVATE LABEL SKINCARE
BY ROBERT STOKES IN MÁLAGA
THIS year I have abandoned my premium brand sun screen in favour of a Deliplus private label product sold by the Spanish supermarket group Mercadona for around EUR 5.00, saving around EUR 12.00 into the bargain.…
ITC SETS UP NEW NOODLE PLANT IN KOLKATA
BY MINI PANT ZACHARIAH, IN MUMBAI
AN EXECUTIVE with Indian food company the Keventer Group has welcomed the launch of a noodle manufacturing plant it will run with food and tobacco conglomerate ITC in Kolkata (Calcutta). Saurav Jajodia, Keventor’s assistant vice president (operations) told just-food the alliance was a good fit: "This plant will synergise a lot of back-end operations.…
FRENCH HALAL C&T MARKET TOUGH TO CRACK
BY DAVID HAYHURST, IN PARIS
CHANTAL Ronceray is targeting fast growth in turnover at Jamal Paris, a small but ambitious halal cosmetics products company she co-founded in 2007. It is an act of faith in the long-term potential for sales among France’s 4.7 million Muslims, Europe’s largest such population.…
INGREDIENT SUSTAINABILITY PROGRAMMES EXPANDING, DESPITE CONCERNS OVER INDONESIAN PALM OIL
BY MARK ROWE
FOR products that are marketed for their ability to sooth and generate the feel-good factor, the sustainable sourcing of cosmetics ingredients causes plenty of headaches for manufacturers and suppliers. The industry is in a period of transition, in which several of the world’s multinationals are engaging in a step change in how they go about sourcing the oils they need, and the public wants.…
PRODUCT LAUNCH - INDIA: ANHEUSER-BUSCH INBEV'S BUDWEISER MAGNUM
BY CARMEN PAUN, IN BRUSSELS
Anheuser-Busch InBev’s Budweiser Magnum
Category – Beer, Belgium, alcoholic
Available – From June 5
Location – Mumbai, Hyderabad, Delhi, Bangalore (India)
SUPER-PREMIUM beer Budweiser Magnum has been launched exclusively in India, by the regional subsidiary of Belgian-based Anheuser-Busch InBev brewing company.…
FUTURE GROUP PLANS 1,000 FRANCHISED FOOD SHOPS IN INDIA
BY MINI PANT ZACHARIAH, IN MUMBAI
INDIA grocery and retail giant Future Group is planning to expand its KB’s Fair Price corner store format across India after a successful pilot project in New Delhi. Founder Kishor Biyani has announced that in the coming 18 months, Future Group will open 1,000 franchised stores based on existing shops, and help to revamp, refurnish and rebrand the outlets while providing back-end support.…
INDIA POULTRY MAJOR LAUNCHES TRAINING INSTITUTE
BY MINI PANT ZACHARIAH, IN MUMBAI
INDIAN poultry and poultry-based products company Suguna Group has set up Suguna Institute for Poultry Management to attract educated youth to work in the sector. The institute’s principal Dr F R Sheriff told the Meats Trade Journal: "We want to promote nutritional safety and (financial) security in India’s poultry sector by attracting educated youth in the field."…
FASHION TRENDS BECOME HARMONIZED ACROSS BORDERS THROUGH GLOBAL FAST FASHION EXPANSION
BY MJ DESCHAMPS
WHILE cities such as Milan, Paris, New York City, and London have historically been seen as the global ‘fashion hubs’ – acting as meeting spots for high-end designers, fashion shows, luxury retail outlets and fashionistas – the rise of fast fashion has been diffusing that concentration a bit; making cutting-edge trends more accessible to the rest of the world.…
TOP INDIAN MEAT EXECUTIVE SAYS 'BRAND INDIA' MEAT NEEDS BETTER PRODUCTION INTEGRATION
BY MINI PANT ZACHARIAH, IN MUMBAI
The Indian government’s proposal for creating a Brand India to promote domestically-produced meat and meat products could fail if the links between livestock producers and processors are not strengthened, a senior Indian meat industry executive has warned.…
AS BHUTAN STEPS INTO THE GLOBAL ARENA, MONEY LAUNDERING RISKS INCREASE
BY TENZING LAMSANG, IN THIMPHU
THE OPENING up of the Himalayan kingdom of Bhutan to the world through globalisation, and its newly democratic government’s domestic political and economic liberalisation reforms in recent years, has made the tiny state – with a population of fewer than 700,000 – increasingly vulnerable to international money laundering and cross border financial crime.…
SCRAP SHIPS NOW, NOT LATER SAYS SHIP RECYCLING EXPERT
BY POORNA RODRIGO, IN LONDON
Demolition prices for older ships have fallen by a quarter in 2012, signaling a "historical drop" shipbroking, chartering and sale major Braemar Seascope’s research director told Steel First. He urged ship owners to scrap elderly candidates immediately and claim its "end of life bonus" as freight market would remain weak over the next two years.…
BEAN-COUNTING APPROACH TO UNIVERSITY RESEARCH CAN BE DAMAGING WARN EXPERTS
BY DAVID HAWORTH, IN BRUSSELS;
The expansion of research assessment caused by obsessive measurement and monitoring is fostering a global "bean counting culture" in tertiary education that can detract from the real quality of university research, experts have warned.
Concern has been highlighted by a just-published report by the League of European Research Universities (LERU) authored by Dr Mary Philips, formerly director of research planning at University College London (UCL).…
IATA BOSS CALLS ON EUROPE TO EASE TENSION OVER EMISSIONS TRADING
BY KEITH NUTHALL
THE DIRECTOR General of the International Air Transport Association (IATA) wants the European Union (EU) to compromise over forcing non-EU carriers to use the EU emissions trading scheme (ETS). All airlines flying to and from Europe should have participated from January 1, but this has been opposed strongly by China, India, the USA and others.…
INDIA'S STEEL INDUSTRY GETS POOR ENVIRONMENTAL RATINGS
BY RAGHAVENDRA VERMA, IN NEW DELHI
India’s iron and steel industry is inefficient in using key resources such as land, water, energy and raw materials – and non-compliant with environmental norms – according to a survey released by New Delhi-based NGO, Centre for Science and Environment (CSE).…
INDIA TEXTILE STRIKERS WARN OF ESCALATION
BY RAGHAVENDRA VERMA IN NEW DELHI
JUNE 27: INDUSTRIAL action in India’s textile hub of Ahmedabad, Gujarat state, continues as distrust between 6,000 strikers and the Textile Labour Association (TLA), their official union, provoked warnings the strike could spread.
"TLA is not acting in the best interests of the labourers," said Yashpal Jaiswal, an unofficial leader of strikers who downed tools June 4 in support of higher wages.…
INDIA PLOTS SOVEREIGN WEALTH FUND TO FINANCE OVERSEAS MINE PURCHASES
BY RAGHAVENDRA VERMA, IN NEW DELHI
INDIA is planning to create a special fund to enable its dominant state-owned miner to acquire overseas coal mines to compensate for severe domestic coal shortages that are hurting the country’s power, steel and other industrial sectors.…
SUNTORY SETS UP JV IN INDIA, AIMING EXPANSION
BY WANG FANGQING, IN SHANGHAI
Japanese beverage giant Suntory’s subsidiary, Singapore-based Suntory Beverage & Food Asia, is planning to manufacture beverages in India, a spokesman told just-drinks. It will in June buy 51% stocks in Narang Connect, a Mumbai-based subsidiary of India’s leading food and beverage distribution company Narang Group.…
INDIAN STEEL MINISTRY SHOULD CONTROL COKING COAL SAYS SAIL BOSS
BY RAGHAVENDRA VERMA, IN NEW DELHI
India’s domestic supply of coking coal should be brought under the control of the country’s steel ministry instead of the coal ministry, the chairman of Steel Authority of India (SAIL) has told a major New Delhi conference.…
COURSE CREDITS FOR VOLUNTEERS MOVE UP THE AGENDA
BY HANA KAMARUDDIN, IN SELANGOR, MALAYSIA
Students in some Asian countries, such as Japan, Indonesia and South Korea now earn credit hours for voluntary work, an incentive that builds volunteering into the university assessment system and promotes community work as an integral part of higher education, a conference has been told.…
EU FRAUD UNIT HAILS BUST OF STEEL TUBE AND PIPE DUTY EVASION RING
BY KEITH NUTHALL
EUROPEAN Union (EU) anti-fraud unit OLAF has hailed the breaking of an international conspiracy to export China-made iron and steel tube and pipe fittings via other Asian countries to evade 58.6% EU anti-dumping duties. OLAF officials worked with national police and customs in Europe, Taiwan and India, recovering Euro EUR9 million duty.…
EMPIRICAL STUDY PROVES TIGHTER IP PROTECTION HAS CUT INDIAN GENERICS PRODUCTION
BY KEITH NUTHALL
A WORLD Bank study has proved the tightening of intellectual property rights in India has depressed the manufacture of generic drugs and increased market shares for developers of particular active ingredients within patent protected medicines. The study ‘Pharmaceutical Patents and Prices: A Preliminary Empirical Assessment Using Data from India’ focused on central nervous system drugs (CNS).…
PAKISTAN PHARMA SECTOR OPPOSES PLANNED LIBERALISATION OF INDIA MEDICINE TRADE
BY KEITH NUTHALL
THE CHAIRMAN of the Pakistan Pharmaceutical Manufacturers’ Association (PPMA) wants his government to pull back from allowing Indian medicine exporters to sell India-approved medicines in Pakistan from January 2013. Muhammad Asad told Pakistani journalists he feared his members would suffer from India being given ‘most favoured nation’ status under world trade law next year – a step agreed by Pakistan’s cabinet in December.…
ACCOUNTING FIRMS SERVICE AFRICA'S ECONOMIC GROWTH
BY VILLEN ANGANAN, IN BEAU-BASSIN, MAURITIUS
INTERNATIONAL accounting firms are exploring opportunities within Africa, and are using the Indian Ocean island of Mauritius – a regional financial centre – as a stepping stone. All the Big Four: Ernst &Young, PricewaterhouseCoopers (PwC), KPMG and Deloitte are already successfully offering their services to African clients.…
EU FRAUD UNIT HAILS BUST OF STEEL TUBE AND PIPE DUTY EVASION RING
BY KEITH NUTHALL
The European Union’s (EU) anti-fraud unit has hailed the breaking of an international conspiracy to export China-made iron and steel tube and pipe fittings via other Asian countries to evade 58.6% EU anti-dumping duties usually levied on these products.…
ENGLISH-ONLY POSTGRADUATE COURSES AT MILAN POLYTECHNIC SPARK PROTEST
BY LEE ADENDORFF, IN LUCCA
The Politecnico di Milano, one of Italy’s leading technical universities, has announced that from the beginning of the 2014 academic year, all Master of Science and PhD courses will be taught exclusively in English. The switch to English at the expense of Italian however has met with opposition from some of the institution’s professors, and 285 have signed a petition to the Rector.…
EU ROUND UP - BRUSSELS PUSHES FOR NANOCOATINGS RESEARCH
BY KEITH NUTHALL
THE EUROPEAN Commission is preparing to release calls for research proposals commanding millions of Euros of European Union (EU) funding, offering opportunities for innovative coatings companies exploring the potential of nanotechnology. The initiative is the last batch of funding under the outgoing EU seventh framework programme on research, which ends next year.…
BRITISH COLUMBIA SCRAP EXPORT RULES TO BE TIGHTENED
BY KITTY SO, IN OTTAWA
Scrap metal dealers in the Pacific coast Canadian province of British Columbia will face tighter regulations from July 23, as its government struggles with widespread thefts of high-value metals. Henceforth, British Columbian dealers trying to sell metals including aluminum, bronze, brass, lead, nickel, zinc and magnesium – often targeted by thieves – will need to provide identification.…
INDIA'S HINDUJAS SEEKS SUITOR AS IT WAITS FOR ANTICIPATED GOVERNMENT MINING LIBERALISATION REFORMS
BY RAGHAVENDRA VERMA, IN NEW DELHI
India’s industrial conglomerate Hindujas Group, which mines coal, iron ore, manganese, uranium and limestone in India, is seeking a strategic investor for its Indian mining business to exploit potential major opportunities once the government in New Delhi implements plans to reduce mine authorisation red tape.…
SMART TEXTILES INCREASINGLY EMERGE ON THE COMMERCIAL MARKET - BUT NOT WITHOUT CERTAIN RISKS
BY MARK ROWE
RESEARCH laboratories, scientists and engineers have, for years, been promising the emergence of innovative, ‘smart’ capabilities for fabrics and textiles, based on advances in the field of nanotechnology. However, as these designs slowly become a reality in the commercial sense, the potential hazards and risk assessments surrounding them are also gaining a sharper focus.…
INDIAN GOVERNMENTS HIGHLIGHTS MAJOR BLACK MARKET MONEY PROBLEM
BY RAGHAVENDRA VERMA, IN NEW DELHI
REAL estate, finance, bullion, jewellery, equity trading and mining sectors in India are prone to generation of black or unaccounted money, which is moved around the world, said a May 21 official finance ministry report ‘White Paper on Black Money’.…
NON-IFRS ACCOUNTING SYSTEMS CAN BE FILED IN THE EU UNTIL DECEMBER 2014
BY KEITH NUTHALL
THE EUROPEAN Commission has extended until December 2014 the right of non-European Union (EU) countries’ companies and public bodies to issue within the EU accounts that clash with international financial reporting standards (IFRS). Brussels has to be convinced their governments are moving towards using IFRS, and the move follows the expiry last December 31(2011) of a previous exemption for such accounts issuers – the new exemption has been backdated until then.…
MAURITIUS ACCA MINISTER'S INNOVATIVE SUSTAINABLE DEVELOPMENT POLICIES COULD PROMOTE WEALTH IN MAINLAND AFRICA
BY VILLEN ANGANAN, IN BEAU-BASSIN, MAURITIUS
ACCA fellows can be found in many influential positions worldwide and in Africa, they are often the backbone of financial and management best practice, in many jurisdictions. That is certainly the case on the Indian Ocean state of Mauritius, where environment and sustainable development minister and ACCA member Devanand Virahsawmy belongs to the inner circle of prime minister Navin Ramgoolam who secured a second mandate in May 2010 elections.…
ACCA'S MAURITIUS MINISTER WORKS HARD TO BALANCE COUNTRY'S ECONOMIC AND ENVIRONMENTAL BOOKS
BY VILLEN ANGANAN, IN PORT LOUIS, MAURITIUS
ACCA fellows can be found in many influential positions worldwide. And in Africa, they are often the backbone of financial and management best practice. That is certainly the case on the Indian Ocean state of Mauritius, where environment and sustainable development minister and ACCA member Devanand Virahsawmy, 62, belongs to the inner circle of prime minister Navin Ramgoolam, who secured a second mandate in May 2010 elections.…
EU ROUND UP - CONFECTIONERY INDISTRY FIGHT PROPOSALS TO DELAY END OF EU SUGAR QUOTAS
BY KEITH NUTHALL
EUROPE’S confectionery industry is fighting rearguard moves at the European Parliament to delay the abolition of European Union (EU) quotas on EU sugar production. A report from French conservative MEP Michel Dantin on the new EU Common Agricultural Policy (CAP) has proposed that the quotas stay until 2020 – they are currently to be phased out by 2015.…
AMERICAN IRON AND STEEL INSTITUTE BACKS US GOVERNMENT STANCE ON INDIA DUTY ROW
BY LEAH GERMAIN
The US government’s anticipated tough stance against India in the two countries’ looming World Trade Organisation (WTO) case has been backed by the American Iron and Steel Institute (AISI). Speaking to Metal Bulletin, a spokesman said American countervailing duties were needed to protect the US steel industry from "injurious imports".…
INDIA LAUNCHES WTO ACTION OVER AMERICAN STEEL DUTIES
BY KEITH NUTHALL AND RAGHAVENDRA VERMA, IN NEW DELHI
THE INDIAN government has decided to launch a World Trade Organisation (WTO) challenge to USA countervailing duties on certain steel products. New Delhi has requested that formal consultations be undertaken at Geneva: if these fail (and that is to be expected) then India will probably demand that a WTO disputes panel is established to rule on whether US steel countervailing duties comply with world trade laws.…
INDIA'S FOOD INDUSTRY FACES TOUGHER LABELLING LAWS FOR HEALTH CLAIMS
BY RAGHAVENDRA VERMA, IN NEW DELHI
TOUGHER controls on health claims made by Indian food companies on product labels are expected to come into force within the next six months, according to Dr B Sesikeran, chairman of the labelling and claims/advertisement panel at the Food Safety and Standards Authority of India.…
INDIAN MARBLE ASSOCIATION OPPOSES LOOSENING OF IMPORT CONTROLS FOR CHEAPER MARBLE
BY RAGHAVENDRA VERMA, IN NEW DELHI, AND LEAH GERMAIN
THE LEADER of India’s key marble association stepped into an international row about his country’s marble trading policy, opposing the reduction of import restrictions, including marble import duties, on lower quality marble that is mined near Indian marble centre Kisharngarh.…
NESTLÉ CHALLENGES HEALTH CRITICISM OF LEADING INDIAN ENVIRONMENTAL HEALH ORGANISATION
BY RAGHAVENDRA VERMA, IN NEW DELHI
Nestlé India has rejected allegations from India’s premier environmental health organisation that its instant noodles Maggi could harm consumer health. Speaking to just-food a company spokesperson said Maggi is "adapted to Indian tastes and we have been constantly improving its nutritional profile and have reduced salt, reduced trans-fatty acids and added nutrients".…
JAPANESE C-STORES EYING DOMESTIC DIVERSIFICATION, OVERSEAS EXPANSION
BY MARTIN FOSTER, IN TOKYO
JAPANESE convenience stores are diversifying products and services to survive in a market with an ageing and shrinking population, also aggressively expanding overseas to lock-in new revenue.
The Japanese population shrank by 259,000 people – including non-Japanese – to slightly less than 128 million people in the year to October 1, 2011, the greatest annual decline since 1950, according to figures from the ministry of internal affairs and communications.…
EUROPE'S EMISSION TRADING SCHEME HITS CHOPPY WATERS - BUT OTHER NATIONAL SCHEMES SHOW MORE PROMISE
BY MARK ROWE
WHEN the European Union (EU) set up the world’s first carbon trading market in 2001, the Emissions Trading System (ETS), advocates heralded a new dawn: carbon pollution could be brought under control in a way that benefited the environment while not damaging industrial interests.…
BASF TO OPEN NEW INDIA CHEMICALS PLANT - TEXTILE CUSTOMERS WILL BENEFIT
BY KEITH NUTHALL
GERMAN chemicals giant BASF is opening a new Euro EUR150 million chemical plant in Gujarat, India, by 2014, producing chemicals used by the textile sector. This Dahej factory will include care chemicals manufacturing, making surfactants for formulations used in textile and footwear manufacture, said a BASF communiqué.…
BRUSSELS RELEASES GUIDANCE ON TRANPORTING GENERIC MEDICINES ACROSS EUROPE
BY KEITH NUTHALL
THE EUROPEAN Commission has told European Union (EU) customs officials not to seize generic drugs being transported across the EU, if they think they will not be diverted for illicit sale in member states. The advice follows World Trade Organisation (WTO) complaints brought by India and Brazil against the EU over seizures of generic medicines transiting the EU, which are protected by intellectual property rights if there were actually sold to EU consumers.…
OIL SECTOR OFFERS PROFESSIONAL OPPORTUNITIES FOR TRAINED NURSES.
BY ROBERT STOKES, IN EDINBURGH; LEAH GERMAIN, IN EDMONTON; AND PAUL COCHRANE, IN BEIRUT
AS the price of oil continues to rise and the demand for the valuable commodity increases worldwide, oil and gas companies are making major profits – yet this industry remains one where safety issues and hard physical work can cause injury.…
IHC WILL USE BRITISH PURCHASE TO STRENGTHEN INDIAN MARKET POSITION AND COULD LAUNCH FUTURE EUROPE SALES
BY RAGHAVENDRA VERMA, IN NEW DELHI
INDIA Hospitality Corp (IHC) has told just-food that its purchase of UK convenience food producer Adelie Food Holdings for USD350 million is part of a planned further expansion across the European food market. A company spokesman said the company was "open to evaluate opportunities across UK/Europe with strategic importance".…
EUROPEAN UNION AUTO TECHNICAL RULE MORATORIUM ANTICIPATED - BUT WILL IT HELP MANUFACTURERS
BY CARMEN PAUN, IN BRUSSELS
THE EUROPEAN Union (EU) auto industry is awaiting the announcement by the EU executive, the European Commission, of a moratorium on new technical regulations, which could come in June. If it happens, it will be announced by EU industry Commissioner Antonio Tajani, who is responsible for technical rules on vehicles across the EU, and is worried that a European auto sector, already having a tough time, is being hamstrung by a conveyor belt of new rules.…
EUROPEAN UNION AUTO TECHNICAL RULE MORATORIUM ANTICIPATED - BUT WILL IT HELP MANUFACTURERS
BY CARMEN PAUN, IN BRUSSELS
THE EUROPEAN Union (EU) auto industry is awaiting the announcement by the EU executive, the European Commission, of a moratorium on new technical regulations, which could come in June. If it happens, it will be announced by EU industry Commissioner Antonio Tajani, who is responsible for technical rules on vehicles across the EU, and is worried that a European auto sector, already having a tough time, is being hamstrung by a conveyor belt of new rules.…
INDIA SAYS IT WILL BAN ITS AIRLINES FROM USNG ETS
BY KEITH NUTHALL
THE INDIAN government has become the latest to tell the European Union (EU) it does not want its airlines to participate in the expanded EU emissions trading scheme (ETS).
The country’s civil aviation minister Ajit Singh told the Indian parliament ahead of the March 31 deadline for taking part that Indian airlines would simply fail to hand over emissions data to the European Commission.…
EUROPE'S EMISSION TRADING SCHEME HITS CHOPPY WATERS - BUT OTHER NATIONAL SCHEMES SHOW MORE PROMISE
BY MARK ROWE
WHEN the European Union (EU) set up the world’s first carbon trading market in 2001, the Emissions Trading System (ETS), advocates heralded a new dawn: carbon pollution could be brought under control in a way that benefited the environment while not damaging industrial interests.…
EU ROUND UP - EU CONSIDERS OFFSHORE LIABILITY ACCIDENT REGIME
BY KEITH NUTHALL
THE EUROPEAN Commission is launching an inquiry into establishing a European civil liability regime for offshore oil and gas companies involved in major accidents. They could then fund repairs and compensation for damage they cause without relying on local governments.…
BRITAIN'S MOTHER TERESA DISPENSES CARE TO THE NEEDED IN SOUTHERN INDIA
BY KEITH NUTHALL AND MINI PANT ZACHARIAH, IN MUMBAI
FOR many nurses, work is a calling as much as a profession or a salary – just look at Sylvia Wright. This 74-year-old nurse cashed in her NHS pension 30 years ago and gave up a career as a senior nursing officer and lecturer in Leeds.…
RESEARCH INTO SAFER CHROME PLATING COULD BOOST DEMAND FOR CHROMIUM
BY KEITH NUTHALL
DEMAND for chromium could receive a boost from European Union (EU)-funded research that has used nanotechnology to help fix chrome finishes onto plastic materials to make auto parts look classy, while reducing vehicle weight, has been hailed as a success.…
ACTA DECISION WORTH BILLIONS TO THE AUTOMOTIVE INDUSTRY
BY JAMES FULLER
THE EUROPEAN Union’s (EU) executive, the European Commission is trying to defeat criticism of a multilateral treaty opposing counterfeiting through a high stakes legal manoeuvre, with officials saying the outcome is of critical importance to Europe’s powerful auto sector.…
EGYPTIAN AIRPORT EXPANSIONS CONTINUE DESPITE POLITICAL TURMOIL
BY PAUL COCHRANE, IN BEIRUT
DESPITE much political turmoil over the course of the past year in Egypt, the country’s ongoing airport expansion projects have not been suffering. For the past decade, major expansion and renovation works have been underway, to handle the surge in foreign tourists to the North African country; which jumped from 5.5 million in 2002 to 14.7 million in 2010.…
INDIA'S DAIRY SECTOR WANTS EXPORT BAN LIFTED
BY MINI PANT ZACHARIAH, IN MUMBAI
INDIA’S USD70 billion dairy sector has asked the Indian government to lift the country’s ban on export of milk and milk products imposed in February 2011, telling just-food domestic supplies are sufficiently healthy for international trading.…
EU MOULDERS GET A BOUNCE FROM BILATERAL TRADE AGREEMENTS
BY MJ DESCHAMPS
BILATERAL trade agreements between European Union (EU) and emerging economies have helped cushion EU plastics moulders and machinery suppliers as more important domestic markets have weakened in recession and the Eurozone crisis.
It is a two-way street: lower priced machinery from China and India has made inroads into EU markets for applications requiring less technologically sophisticated kit.…
MODERN WHOLESALING COMES TO INDIA, BUT IT WILL BE A TOUGH CHALLENGE ESTABLISHING WIDESPREAD NETWORKS
BY RAGHAVENDRA VERMA, IN NEW DELHI
BOOKER, Carrefour, Metro and Walmart are trying to persuade millions of small grocery stores in India – known as Kirana shops – to joint their organised wholesale networks, rather than continuing to source from traditional unorganised and fragmented merchandise supply chains.…
INDIA'S COSMECEUTICAL INDUSTRY STRUGGLES TO LIFE
BY RAGHAVENDRA VERMA, IN NEW DELHI
A STRONG belief in Ayurvedic health traditions and the long-standing use of herbal remedies has kept the market for ingestible cosmeceuticals alive in India, and there are high long term hopes for its success. Yet, so far sales for branded products trying to tap into this potential rich source of consumer demand, especially for companies pedalling high tech pills and powders have been slow to spread across this vast emerging market.…
INDIA AUDIT PENALTIES LOOM AFTER USD1 BILLION FRAUD
BY RAGHAVENDRA VERMA, IN NEW DELHI
INDIAN auditors are bracing themselves for the introduction of harsh penalties in a new Companies Bill which reaches its next stage of debate in the Indian parliament in March.
Auditors found guilty of fraud or intent to defraud could face up to 10 years in jail and fines of up to three times any defrauded sums under legislation proposed partly in response to the USD1 billion Satyam Computer Services (SCS) fraud.…
INDIA REVIEWS INDUSTRIAL MINERAL ROYALTY RATES
BY RAGHAVENDRA VERMA, IN NEW DELHI
THE INDIAN government has started the process of reviewing the royalty rates paid by the mining companies for 10 major minerals that include chromite, manganese ore, asbestos and precious stones. Indian mines minister Dinsha Patel has announced that a study group with representatives from various state governments and industry bodies has been formed to decide on the new rates.…
SUDAN SEPARATION FUELS STRIFE OVER OIL
BY PAUL COCHRANE, IN BEIRUT; AND MOHAMMED YUSUF, IN NAIROBI
IN late January, oil production and exports came to a halt in South Sudan over a transit pricing dispute with its former overlord north Sudan. With no compromise in sight, the newly independent Africa country is mulling other transport options, but, even if production were to resume, it will be months – at best – before its oil sector gets back on its feet.…
AVIAN INFLUENZA HAUNTS ASIA POULTRY SECTOR
BY MINI PANT ZACHARIAH, IN MUMBAI; AND SUZIE WHITE, IN HANOI
KEY Asian poultry producers Vietnam and India continue to be hit by bird flu outbreaks. Vietnam has been hit especially hard, with outbreaks of bird flu reported in 36 communes in 12 provinces across Vietnam this January and February.…
WORKING IN INDIA CAN BE ENRICHING FOR FOREIGN NURSES - ALTHOUGH THE INDIAN GOVERNMENT STILL IMPOSES TIGHT EMPLOYMENT CONTROLS
BY RAGHAVENDRA VERMA, IN NEW DELHI, MINI PANT ZACHARIAH, IN MUMBAI, AND KEITH NUTHALL
WITH nursing qualifications and experience increasingly gaining international recognition, the opportunity for nurses to work abroad during their careers is growing. Also, the export of nurses from poorer to richer countries is increasingly common.…
AL-QAEDA WEAKENS, BUT ITS SPIN-OFF GROUPS AND THE TALIBAN STILL THRIVE
DESPITE the killing of Osama bin Laden in Pakistan last May, Al Qaeda and its affiliated groups remain a global money laundering and terrorist financing concern. Yet a decade on from the September 11 attacks, counterterrorism specialists say there has been too much focus on Al Qaeda itself (it means The Base in Arabic) but not enough on associated and other militant groups that pose significant threats.…
CANADA'S NEW DIAMOND INDUSTRY PROTECTS ITSELF AGAINST COMMERCIAL CRIME
BY LEAH GERMAIN, IN EDMONTON
CANADA’S diamond industry is blossoming into a world leader as the third largest producer of rough diamonds, after Botswana and Russia. But ready profits from valuable natural resources can encourage crime, specifically money laundering. Leah Germain investigates the country’s current legislation and precautions taken by the industry to prevent the laundering of assets through the purchase of diamonds.…
PAKISTAN PAINT SECTOR IS ROBUST, DESPITE POLITICAL INSTABILITY
BY RAHIMULLAH YUSUFZAI, IN PESHAWAR
WHILE Pakistan may suffer from political instability, its paint industry has been registering an average 6%-8% annual growth rate over the past decade due to the country’s expanding automotive and construction sectors. That these key customers are doing well is fortunate, given the fact that the country’s GDP growth in 2010-1 was 2.4% and has been forecast to grow at 3.5%-4.5% only in 2011-12.…
LAND ACQUSITION PROBLEMS STYMIE BHUSHAN STEEL WEST BENGAL EXPANSION PLANS
BHUSHAN Steel, India’s third largest secondary steel producer, has told Metal Bulletin why it has decided to shelve its proposed USD4 billion (six million tonnes annual capacity) steel plant in the state of West Bengal. Land acquisition troubles are to blame: "We have not made any headway in land acquisition so we decided for the time being to put it on hold," said the company’s director of finance, Nittin Johari.…
PHILIPPINES' ROBUST ECONOMY MEANS PAINT SECTOR HAS POSITIVE OUTLOOK FOR FUTURE
BY MARK ROWE
WHILE the Philippines remains a small player in the wider Asia-Pacific paint and coatings market (at least compared to regional giants China and India), the country appears to be punching above its weight in terms of growth and innovation.…
INDIA'S MINING INDUSTRY AWAITS ROYALTY INCREASES ON MAJOR MINERALS
BY RAGHAVENDRA VERMA, IN NEW DELHI
THE INDIAN government is reviewing the royalty rates paid by mining companies working in India regarding for 10 major minerals – including iron ore, bauxite, zinc, lead and copper ore – with new rates expected to be announced by August.…
CHINA SCRAP NON-FERROUS BUSINESS ENJOYS SOARAWAY PROFITS
BY MARK GODFREY, IN BEIJING
RESTRICTIONS on imports appear to be driving profits for Chinese scrap processors focused on domestic waste metal collection. There has been a huge increase in profits for private firms in 2011 processing non-ferrous metals – up 53% according to data published in February by China’s National Bureau of Statistics (NBS).…
INDIA CONSIDERES REPREIVE FOR ASBESTOS MINING SECTOR
BY RAGHAVENDRA VERMA, IN NEW DELHI
THE INDIAN government is considering lifting its 25 year ban on issuing new asbestos mine licences, Industrial Minerals can reveal. A senior government mining official said in an exclusive interview that "the matter is under consideration"
BP Sinha, deputy director general of the Indian Bureau of Mines, based in Nagpur, Maharashtra, told Industrial Minerals that the central Ministry of Mines is exploring the possibility of reopening the asbestos mines, now mining companies have access to better technology for ensuring the health and safety of the workers.…
INDIA'S STATE MINING COMPANY HAS ORE SUPPLIES DISRUPTED BY RAIL SERVICE STOPPAGE
BY RAGHAVENDRA VERMA, IN NEW DELHI
INDIA’S government-owned mining company NMDC (the National Mineral Development Corporation) has suspended operations at its iron ore mines in Chhattisgarh after Indian Railways refused to supply trains due to security concerns regarding unrelated political protests in the central Indian state.…
RECALLED PRODUCT FROM INDIAN COMPANY MAY CAUSE ILLNESS
BY KEITH NUTHALL
THE US Food and Drug Administration has warned India-owned cosmetics firm Himalaya has organised a voluntary recall of a skin care product. Its Texas-based subsidiary, Himalaya USA discovered traces of bacterium and fungus in samples of its Organique Nourishing Night Cream.…
INDIA STRENGTHENS ITS AML REGIME; GETS ON BOARD WITH FATF
BY RAGHAVENDRA VERMA, IN NEW DELHI
A RAFT of legislative and administrative changes drafted and introduced last year have been designed to make India to conform with Financial Action Task Force (FATF) guidelines, answering a critical 2010 assessment.
"India is largely compliant with the FATF recommendations, both by the way of technical compliance and effectiveness of implementation," said a senior Indian government official who deals closely with money laundering issues.…
JAPANESE SOY GIANT BOOSTS PRESENCE IN INDIAN MARKET
BY JULIAN RYALL, IN TOKYO
Japanese soy sauce giant Kikkoman Corporation has announced plans to set up its first representative office in India, the start of a campaign to encourage local people to incorporate its products in local cuisine.
The office will open in Mumbai before the end of January and will be tasked with supporting the company’s sales agents and determining local consumers’ needs.…
CANADA'S SECOND-LAST ASBESTOS MINE DECLARES BANKRUPTCY
BY MJ DESCHAMPS, IN OTTAWA
ONE of Canada’s last two remaining asbestos mines has filed for bankruptcy protection, leaving no active asbestos operations currently ongoing in the country.
The announcement by LAB Chrysotile, which operates the Lac d’Amiante mine near Thetford Mines, Québec, follows a production halt last October, which resulted in the loss of about 350 jobs for local miners.…
EU OLIVE OIL INDUSTRY FACING UP TO GLOBAL PRICE FALLS
BY ALAN OSBORN
OLIVE oil growers in the European Union (EU) are currently facing an increasingly frustrating situation: while demand is growing internationally and harvests have been unusually good in recent years, prices are falling at a rapid rate, threatening the livelihood of the thousands of farmers in the main growing countries.…
DIAGEO AND BACARDI POSSIBLE PARTNERS FOR TROUBLED UNITED SPIRITS
BY RAGHAVENDRA VERMA, IN NEW DELHI
DRINKS industry specialists in India think that troubled giant United Spirits Ltd (USL) could be forced to seek international partnerships to help navigate its present financial difficulties. United Spirits has lost half its share price value from USD20 to USD10 in the last six months.…
SATYAM SUCCESSOR COMPANY SUES AUDITORS OVER USD1 BILLION SCAM
BY RAGHAVENDRA VERMA, IN NEW DELHI
THE COMPANY that bought India’s Satyam Computer Services it was hit by a huge accounting fraud – has sued the responsible auditing firm. Price Waterhouse India, part of PricewaterhouseCoopers’ network, has been sued by Mahindra Satyam (owned by the Mahindra group) for negligence of duty – it was statutory auditor of the original company, which overstated profits and created fictitious assets exceeding USD1 billion.…
CHINESE-AFRICAN COTTON AGREEMENT COULD HERALD NEW ERA FOR AFRICAN COTTON INDUSTRY
BY WANG FANGQING IN SHANGHAI
A RECENT Chinese-African cotton agreement could usher in a new era for the African cotton industry but not in the short-term, say industry experts.
Under the agreement, signed in December with four key cotton-producing African countries – Benin, Mali, Chad and Burkina Faso (known as the C4) – China stated it would provide machinery, expertise and materials in a bid to increase and improve the quality of local production.…
CUTTING PRODUCT SIZE MAY REDUCE COSTS, BUT SALES CAN TUMBLE TOO
BY RAGHAVENDRA VERMA, IN NEW DELHI, AND LEAH GERMAIN, IN EDMONTON
IT is an obvious strategy. When ingredients’ costs rise, shaving a few grams off the weight of a personal care product can save manufacturers money. But the risk that consumers will notice and ditch a brand is real, experts warn.…
ISRAEL PONDERS WHETHER TO EXPORT NATURAL GAS
BY KEITH NUTHALL, PAUL COCHRANE, IN BEIRUT; AND HELENA FLUSFELDER, IN JERUSALEM
IT is not often that a country that has serious energy security issues gets to choose about whether it wants an energy export industry – but the State of Israel is in this relatively happy situation.…
INDIAN SUSPENSION OF RETAIL INVESTMENT LIBERALISATION SURPRISES INDUSTRY PLAYERS
BY RAGHAVENDRA VERMA
INDIA’S main business organisation has told just-food it was shocked by the Indian government’s decision to suspend its decision on allowing more foreign investment in the country’s retail sector. "It’s off", said Sameer Berde, assistant secretary general of Federation of Indian Chambers of Commerce and Industry (FICCI), "It is a setback and the industry didn’t expect it."…
BOLLYWOOD STAR POWER PROMOTES PERSONAL CARE PRODUCTS SALES IN INDIA
BY MINI PANT ZACHARIAH
THIS November, Indian cosmetics maker Emami, of Kolkata, chose Bollywood’s sultry siren Bipasha Basu as its brand ambassador for Vasocare, a lip care range, because Basu was "an irresistible concoction of sophistication, exuberance, seduction and serenity": a heady cocktail that educated and urban young Indian women aspire to.…
SOURCING - WINNERS AND LOSERS
BY KEITH NUTHALL
WINNERS
TUNISIA
Of all the countries disrupted by the Arab Spring revolts in 2011, Tunisia liberated itself in the swiftest and most business-friendly fashion. This key European supplier rid itself of despotic President Zine El Abidine Ben Ali on January14, and one week later, its textile and clothing sector was back at work.…
EUROPEAN COMMISSION PLOTS MORE ITER FUNDING
BY KEITH NUTHALL
THE EUROPEAN Commission has drafted a plan ensuring cash-strapped international nuclear fusion project ITER would have funding of Euro EUR2.573 billion from 2014 to 2018. European Union (EU) ministers in December approved emergency spending for ITER to see the France-based research project through 2012 and 2013, and now the Commission is looking ahead for four more years’ money.…
2011 REVIEW OF THE YEAR - CLOTHING AND TEXTILE SECTOR
BY KEITH NUTHALL
RETAIL – WINNERS AND LOSERS
WINNERS
MARKS & SPENCER
Times may still be tough in its home British market, but M&S showed forward-thinking foresight in 2011- on sourcing transparency and the environment: potential key issues for future consumers.…
MOZAMBIQUE LOOKS TO EXPORT LNG
BY GEORGE STONE
MOZAMBIQUE expects to start exporting liquefied natural gas (LNG) in 2018 after major gas finds by Milan-based Eni and American firm Anadarko Petroleum in the waters of the Rovuma basin in the north of the country. The finds mean Mozambique is on course to be a leading LNG supplier to Asia, particularly Japan and rival the region’s leading gas exporters Nigeria and Angola.…
DIAGEO TAPS INDIA'S GROWING DEMAND FOR ALCOHOL THROUGH STRATEGIC ADVISORY COUNCIL
BY JEN SWANSON
ALCOHOLIC beverages giant Diageo has created an independent advisory panel to help guide the group’s regional and global management make the most of the growing Indian alcohol market. "The India Advisory Group will provide independent counsel on a broad spectrum of strategic matters, including corporate and brand positioning and talent development," said a Diageo official.…
UN PUSHES HANDWASHING WITH SOAP TO MILLIONS
BY KEITH NUTHALL
THE UNITED Nations has continued to proactively encourage handwashing with soap, staging a Global Handwashing Day in October, with the UN Children’s Fund UNICEF organising events. It said 8 million children in India’s Rajasthan, more than 1 million children in Pakistan,1.7 million children in Afghanistan from 1,700 schools, plus 326,809 Eritrean children in 1,272 schools participated in handwashing events.…
INDIAN CONSORTIUM WINS AFGHAN IRON ORE RIGHTS - BUT EXPERTS CAUTION FAST PROGRESS IS UNLIKELY
BY RAGHAVENDRA VERMA
AN INDIAN consortium led by Steel Authority India Ltd (SAIL) has won a bid for mining rights to exploit major iron ore deposits in Afghanistan, but experts in India caution that exploitation and processing progress could be slow and risky.…
BANGLADESH CLOTHING EXPORTERS PUSH THEIR GOVERNMENT TO HOLD FIRM ON PAKISTANI GSP+
BY RAGHAVENDRA VERMA
BANGLADESH will not oppose the European Union’s (EU) plans to grant Pakistan GSP+ status, just-style has been told. However, the country’s powerful clothing exporters have called on their government to press for the EU to withhold these privileges for products that are important to Bangladesh’s manufacturing industry, including some clothing lines.…
INDIAN ACCOUNTANTS BARRED FROM PRACTISING FOR LIFE OVER SATYAM SCANDAL
BY KEITH NUTHALL and RAGHAVENDRA VERMA
THE INSTITUTE of Chartered Accountants of India (ICAI) has barred two Indian auditors from practising as chartered accountants for their role in the USD1 billion Satyam Computer Services scandal. The institute announced yesterday that Pulavarthi Siva Prasad and Chintapatla Ravindernath had been found culpable of "serious gross negligence…in the discharge of their duties as audit team members" for Satyam statutory audits staged between April 2001 and September 2008.…
INCREASED INVESTMENTS IN INDIA'S STEEL SECTOR CAUSE DECLINE IN IMPORTS
BY RAGHAVENDRA VERMA
INDIA’S steel imports declined 35.8% between April and September of this year, the country’s steel minister Beni Prasad Verma informed India’s parliament on Monday. The country imported just 2.88 million tonnes of finished steel during the period, while production increased by 9.5%, to 34.86 million tonnes.…
CARGILL EYES INDIA'S FAST-GROWING PACKAGED FOOD SECTOR
BY JEN SWANSON
AMERICAN food multinational Cargill has confirmed to just-food that it is "seriously considering" a re-launch in India’s packaged food industry with cereals and other staple food products. However, director of corporate affairs at Cargill India, Ishteyaque Amjad dismissed reports that the company would soon be releasing new lines, saying that no date has yet been set.…
EU MINISTERS APPROVE FATTY ALCOHOL DUMPING DUTY
BY KEITH NUTHALL
THE EUROPEAN Union (EU) Council of Ministers has imposed definitive anti-dumping duties on imports into the EU of certain fatty alcohols and their blends, used as pharmaceutical ingredients, made in India, Indonesia and Malaysia. Indian companies will be charged Euro EUR86.99 per tonne; Indonesian companies EUR80.34/tonne; and Malaysian companies EUR61.01/tonne, with some special lower tariffs for selected companies.…
INDIA'S LUXURY CLOTHING MARKET IS TAKING OFF - NEW DELHI CONFERENCE TOLD
BY RAGHAVENDRA VERMA
INTERNATIONAL luxury fashion brands are trying to tap India’s fast growing westerns-style clothing ready-to-wear market and at the same time improving their sourcing chains for luxury fabrics.
At an October (11) conference – ‘Dialogue on Luxury – Making India a Source and Destination of Luxury’ – held in New Delhi, big brands Altagamma, Burberry, Salvatore Ferragamo and Jimmy Choo announced their expansion plans in India and discussed strategies to make their Indian business more profitable.…
INDIA'S STEEL OVERCAPACITY WEAKENS INDUSTRY
BY RAGHAVENDRA VERMA
INDIA’S steel industry is facing major overcapacity within next two years – with the situation already weakening the profit outlook of local companies, according to India’s leading rating agency, ICRA.
In its November report ‘Margin Outlook for Indian Steelmakers Weakens’, Moody’s associate ICRA projected a capacity addition of 25 million tonnes – or a 30% increase – in Indian steel production over the next 18 to 24 months.…
EU MINISTERS APPROVE FATTY ALCOHOL DUMPING DUTY
BY KEITH NUTHALL
THE EUROPEAN Union (EU) Council of Ministers has imposed definitive anti-dumping duties on imports into the EU of certain fatty alcohols and their blends, used as cosmetics ingredients, made in India, Indonesia and Malaysia. Indian companies will be charged Euro EUR86.99 per tonne (bar VVF Ltd’s EUR46.98).…
GLOBAL REGULATIONS AND STANDARDS ON ELECTRIC CARS TO BE DRAFTED BY INTERNATIONAL COMMITTEES
BY KEITH NUTHALL
THE LEADING powers of the automotive industry worldwide have agreed to attempt forging common technical standards for the still evolving electric car sector. An agreement struck today (Thursday) in Geneva, Switzerland, will see the United States working with the European Union (EU) and Japan within two working parties: their goal is to write a formal global technical regulation (or regulations) on electric cars by 2014 and debate informal standardization.…
INDIA ORE PRICES DIP AFTER FAILURE TO PURCHASE IN E-AUCTION
BY RAGHAVENDRA VERMA
IRON ore prices have been reduced by 10% in an electronic auction beginning today in the southern Indian state of Karnataka after a November10 failed to buy more than a million tonne of the 2.4 million tonnes of ore on offer.…
INDIAN FOOD RETAIL LIBERALISATION IS NOT COMPLETE
BY RAGHAVENDRA VERMA
The Indian government may have allowed foreign companies to enjoy a majority holding in organised retail chains, but other restrictions remain which will hinder nationwide operations by major global players. The central government has allowed foreign companies to open stores in 53 cities exceeding 1 million residents.…
PROFILE: COACHING FIRM PRAGATI LEADERSHIP
BY RAGHAVENDRA VERMA
Pragati Leadership is one of the major leadership development firms offering professional coaching services in India, with 18 professionals in its core team, including 10 full-time consultants and eight associate consultants. It also has nine network partners, including six independent franchisees offering coaching services across India and three partner companies abroad – in the USA, France and Hong Kong.…
INDIA'S GARMENT INDUSTRY OUTRAGED AT DUTY-FREE DECISION
BY RAGHAVENDRA VERMA
THE RECENT decision by India’s Prime Minister Manmohan Singh to provide duty-free access to the Indian market for 46 different garment products from neighbouring Bangladesh, has been met with angry responses from the Indian garment industry.
"The prime minister has made a major mistake," said Kandasamy Selvaraju, secretary general at the Southern India Mills’ Association, in Coimbatore, Tamil Nadu: "It is a disaster – our industry will now be ruined".…
UK SUPERMARKET KICKSTARTS BRITISH TASTE FOR INDIAN WINES
BY MINI PANT ZACHARIAH
THE INTRODUCTION of Indian wines Ritu Viognier and Zampa Syrah at UK supermarket chain Waitrose could help gain international attention for India’s wine-producers, industry insiders have told just-drinks.
Currently, the country’s wine sector, with an installed capacity of 25 million litres, is presently exporting just 2.5 million litres of wine, according to All India Wine Producers Association president Jagdish Holkar.…
INDIAN ACCOUNTANTS FACE POTENTIAL WHISTLEBLOWING DUTY
BY RAGHAVENDRA VERMA
A FORMER president of the Institute of Chartered Accountants of India (ICAI) has told Fraud Intelligence the professional body is considering plans by the Indian government to impose statutory fraud whistleblowing duties on Indian accountants. This would force its members to report frauds to regulatory bodies such as India’s Registrar of Companies.…
AUSTRALIA'S KNITTING INDUSTRY SHRINKS AS PRODUCTION MOVES ABROAD
BY KARRYN MILLER
WHILE Australia may be the leading producer of wool in the world, very little of its output is knitted and sold in the local market; in fact, 90% of the country’s wool is actually consumed in the northern hemisphere, according to Marius Cuming, spokesperson for Australian Wool Innovation (AWI) – a not-for-profit company involved in the research, development, and promotion of Australia’s wool industry.…
DANONE LAUNCHES DESSERT-STYLE YOGHURT IN INDIA TO HEALTH-CONSCIOUS DEMOGRAPHIC
BY MINI PANT ZACHARIAH
DANONE India, a subsidiary of fresh dairy product giant Danone has ventured into the Indian stirred yoghurt segment with the launch of Cremix – a thick and creamy textured product targeting discerning, health-conscious consumers aged 25-45.
The company is branding Cremix as a dessert and snacking option, with the accompanying tagline "It’s a sin not to have it every day."…
BUSINESS COACHING IS A NICHE PRACTICE IN INDIA FOR NOW; BUT IS EXPECTED TO GROW RAPIDLY
BY RAGHAVENDRA VERMA
WHILE business coaching is still in its nascent stage in India, it is increasingly becoming a practice that is very much sought after by talented professionals: "[Business coaching] is seen by executives as a perk and a leadership development initiative," said Dr Ajay Nangalia, managing director of Bangalore-based leadership firm Global Coach Trust.…
DR OETKER GETS ITS SPOON INTO INDIA'S BREAKFAST CEREAL MARKET
BY MINI PANT ZACHARIAH
GERMAN food giant Dr. Oetker entered India’s growing breakfast cereal market on Wednesday (September 21), with the launch of its muesli brand, Vitalis.
Now available in Delhi, Mumbai, Pune, Kolkata, Chennai, Hyderabad and Bangalore, Vitalis is imported from Germany and available in four crunchy variants, including raisins and honey and chocolate granola.…
ARRESTS MADE IN INDIA IRON ORE MINING SCANDAL
BY RAGHAVENDRA VERMA
INDIA’S business organisation leader has warned about the potential impact of the continuing ban on iron ore mining in the southern state of Karnataka imposed by the Supreme Court in July after mining corruption allegations led to the resignation of the state’s chief minister Bookanakere Siddalingappa Yeddyurappa.…
MARKET FOR HEAT STABILISERS PREDICTED TO SHOW MAJOR GROWTH AND GREENING
BY MJ DESCHAMPS
COMMONLY used in industrial and outdoor environments – and exposed to direct heat and ultraviolet light, PVC coatings can very easily be weathered; losing tensile properties, colour and durability. Coatings manufacturers and their clients are increasingly using heat stabiliser additives as a result.…
A FAST-GROWING INDIAN ECONOMY IS CAUSING A RISE IN FINANCIAL FRAUD - BUT NOT IN FRAUD REPORTING
BY RAGHAVENDRA VERMA
FINANCIAL fraud in India is just as common as other countries with a fast emerging economy; however, it is the attitude of Indian companies’ management towards fraud detection and follow-up actions that hinders the detection of fraudsters in India.…
INDIA'S BEAUTY MARKET EXPANDS, INCREASING COMPETITION AND COMPEXITY
BY RAGHAVENDRA VERMA
WHILE India’s soaps and cosmetics manufacturers are currently reaping the benefits of a rapidly expanding domestic market, they are at the same time bracing themselves for the challenges of dealing with increased competition and a more complex segmented marketplace.…
URBAN MINING AN UNTAPPED RESOURCE - BUT CAN IT FILL EUROPE'S RAW MATERIALS VOID?
BY MJ DESCHAMPS
EUROPEAN manufacturers are increasingly turning to developing countries for the precious metals and minerals needed to make mobile phones, computers, electric cars and more. However, a European Parliament vote backing a raw materials strategy that highlights the potentials of ‘urban mining’ might help create a more self-sufficient European mining industry.…
ARRESTS MADE IN INDIA IRON ORE MINING SCANDAL
BY RAGHAVENDRA VERMA
CORRUPTION scandals involving unauthorised and illegal iron ore mining in the south Indian state of Andhra Pradesh have now led to the arrest of Gali Janardhan Reddy and B.V. Srinivasa Reddy, the two senior executives of Obulapuram Mining Company, which is also facing similar charges in neighbouring state of Karnataka.…
FRESHFIELDS LAUNCHES PASTA SAUCE PRODUCTS ACROSS INDIA
BY MINI PANT ZACHARIAH
FieldFresh Foods, a venture between India’s Bharti Enterprises and Singapore-listed Del Monte Pacific, has launched pasta sauces across India.
The venture has started to sell the products throughout India as demand for Italian food grows and producers vie for market share.…
TWO INDIAN MINES REMAIN OPEN DESPITE "RAMPANT ILLEGAL MINING" IN THE COUNTRY
BY RAGHAVENDRA VERMA
INDIA’S state-owned National Mineral Development Corporation has welcomed a Supreme Court order allowing NMDC to continue operating its two mines in Karnataka state’s Bellary district while all other mining activities and exports remain suspended for at least three months.…
Autumn date for Indian debut of new snacks range
BY MINI PANT ZACHARIAH
Blue Hill Group (BHG) – an ambitious young Indian retail, tourism and hospitality group – plans a November rollout for a foreign, salty, extruded snack to be made locally under a new brand, Oishi Ceaars.
It marks the debut of Ceaars Liwayway Pvt Ltd, an equal joint venture between Bangalore-based BHG and Liwayway Marketing Corporation (LMC), Phillipines.…
NEW INDIA AIRPORT CITY TO BE OPEN BY THE END OF 2012
BY RAGHAVENDRA VERMA
INDIA’s first ‘airport city’, Durgapur Aerotropolis, is to be up and running by the end of 2012 in the eastern state of West Bengal, (which could be soon renamed ‘Paschimbanga’ by its government). The 880-acre greenfield project will include airport infrastructure and urban development, and will employ 90,000 people.…
QUEBEC GOVERNMENT THROWS ANOTHER LIFELINE TO ASBESTOS PROJECT
BY MJ DESCHAMPS
The Québec provincial government has decided to grant yet another funding
extension to the consortium of investors trying to breathe life back into one
Canada’s last remaining asbestos mines.
Guy Versailles, spokesman for the Jeffrey Mine in Asbestos, Québec, said that he
is "confident" that the financing needed to go ahead with the planned
underground expansion of the mine will be in place by 1 October.…
DOMESTIC YARN AND FIBRES SOURCING GROWS IN THE WEST; BUT DEVELOPING COUNTRIES STILL CONQUER SUPPLY CHAIN
BY MJ DESCHAMPS and WANG FANGQING
THE PURCHASE of yarns, fibres and other materials from developing countries for rich country-controlled garment manufacturing has long been a cost-effective business practice; however, many factors – including high shipping costs, and delays in supplies – have caused companies in recent years to look for a supply chain that is closer to home.…
INDIA - COTTON SUPPLIES FUEL STRUGGLE BETWEEN PRODUCERS AND USERS
BY RAGHAVENDRA VERMA
India’s textile and clothing industry has been feeling the pinch this year as cotton costs have risen. And so its leaders have criticised the central government’s decision to allow an unrestricted export of cotton from October this year, and have been calling for a long term policy to ensure the sufficient supply and price stability of the fibre in the domestic market.…
EXTERNAL WHISTLEBLOWING SERVICES GROW IN INDIA
BY RAGHAVENDRA VERMA, IN NEW DELHI
THE INCREASING popularity of corporate whistleblower services in India is prompting foreign accounting and advisory firms to introduce international best practices in the country for employees wanting to raise the alarm over corruption, fraud and financial malpractice.…
GINNIE CARLIER, ASSURANCE PARTNER, ERNST AND YOUNG, DUBAI
BY NAAFIA MATTOO, IN DUBAI
AS the only female partner at Ernst & Young’s Dubai office, Ginnie Carlier paints an intimidating figure on paper. In person, she is affable, engaging and wryly admits to leaving E&Y early in her career to work for Caesar’s Palace in Las Vegas for a year "because it seemed like fun" Aside from that bout of adventurousness, Ms Carlier has been with E&Y since 1993.…
DANONE ENTERS THE INDIAN INFANT FORMULA FRAY
MINI PANT ZACHARIAH
Danone’s acquisition of the Indian nutrition business of Wockhardt Group will, if approved, give the French dairy multinational entry to a fast growing, infant formula market expected to reach USD 700 million by 2014-15.
"It is the largest segment of the baby food market in India," Pratichee Kapoor, associate director at Indian management consultants Technopak, told just-food.…
INTERNATIONAL DIRECT COSMETICS SALES OUTFITS GROWING IN INDIA
BY RAGHAVENDRA VERMA
THE LIST of international direct sales companies selling personal care products in India is growing – Avon, Oriflame, Mary Kay, Amway and now Jafra are all seeking a share of a steadily growing market. According to Chavi Hemanth, secretary general of the Indian Direct Selling Association, the annual sales of colour cosmetics and skin care products sold through direct selling in India is now worth US dollars USD190 million, growing 24% annually.…
EUROPEAN TELCO MAJOR FIGURES SHOW KEYS TO GROWTH
BY LEE ADENDORFF
THE growth of data revenues and emerging markets contrasted with lacklustre domestic business, particularly in southern Europe, have dominated latest financial figures from the EU’s ‘big five’ telcos – Telecom Italia, Telefónica, France Telecom, Deutsche Telekom and Vodafone.…
ITC EYES INDIA'S DAIRY SECTOR
BY MINI PANT ZACHARIAH
ITC, India’s manufacturing-to-hospitality giant, plans to enter the fast-growing domestic dairy business, estimated at USD 70 billion with 4.5 % annual growth, by starting a dairy at Munger in Bihar.
Y C Deveshwar, ITC’s chairman, said, "Our first products will most likely be skimmed milk powder and ghee (clarified butter).…
INDIAN REPORT CLAIMS NUCLEAR SECTOR IS SAFE AGAINST TSUNAMIS - BUT PROPOSES DETAILED REFORMS ANYWAY
BY RAGHAVENDRA VERMA
INDIAN nuclear power plants have adequate plans and resources to handle a disaster such as that engulfing Japan’s Fukushima nuclear power plant, a report released by the Nuclear Power Corporation of India (NPCIL) has argued. However, the study – ‘Safety Evaluation of Indian Nuclear Power Plants Post Fukushima Accident’ – has made several recommendations to boost safety levels and has outlined a detailed roadmap for their implementation, with deadlines ranging from two to 14 months.…
EMERGING MARKET GIANTS SHOW MUSCLE IN AFRICA RECYCLING MARKET
BY TRICIA OBEN
MATERIALS buyers from large emerging market BRIC countries (Brazil, Russia, India and China) have been dominating poorer developing world countries for years now, with Indian and Chinese buyers especially, cornering the car battery recycling market in west Africa’s Cameroon, for instance.…
EUROPEAN ACCOUNTABILITY ORGANISATIONS BACK UPCOMING EU MINING TRANSPARENCY LEGISLATION
BY MJ DESCHAMPS
IN a drive to combat the illegal exploitation of conflict minerals and create greater transparency of money flows between mining companies and governments, the European Commission is to table a new European Union (EU) law this autumn. It will ask large mining companies to reveal detail about their mining activities and associated financial transactions to shareholders.…
COULD HEAVY METAL THORIUM FUEL CARS IN THE FUTURE?
BY KEITH NUTHALL
LITTLE more excites the international auto industry more than the search for an alternative to fossil fuels, and an American company is now looking seriously into the idea of using a heavy element thorium to generate locomotive power.…
CONSTRUCTION FOR INDIAN-EGYPTIAN PET PLANT UNDERWAY
BY DAVE YIN
FOLLOWING months of delays due to civil unrest, construction is in full swing for Egypt’s first polyethylene terephthalate (PET) plant, one that is expected to bolster Egypt’s economy by satisfying indigenous demand, as well as supplying exports.
Joint venture Egyptian Indian Polyester (EIPET) saw its foundation stone laid June 23 in Ain Sokhna, in Egypt’s northern Red Sea region, Nitin Puranik, managing director and chief executive officer of the new company told European Plastics News.…
EMERGING BEVERAGES MARKETS DEVELOP INCREASINGLY EXPENSIVE TASTES
BY WANG FANGQING, MINI PANT ZACHARIAH, PACIFICA GODDARD and MARK ROWE
WITH average incomes in the world’s emerging markets starting to approach western levels – at least in major urban areas – drinks companies are catering to increasingly expensive and refined tastes.…
INDIA ALLOWS INCREASED ACCESS TO BANGLADESH KNITWEAR EXPORTS
BY RAGHAVENDRA VERMA
Bangladesh’s knitwear industry has welcomed India’s easing import restrictions for border clothing trades. "We are hoping for an increase in knitwear exports and an expanding trade relations between the two countries", said A.K.M. Salim Osman, president of the Bangladesh Knitwear Manufacturers & Exporters Association.…
INDIA'S BRITANNIA LAUNCHES WOMEN-TARGETED HEALTH-FOCUSED BISCUIT
BY MINI PANT ZACHARIAH
Indian biscuit major Britannia Industries Limited (BIL) has launched a new line designed appeal to health conscious women consumers. It will sell a ‘Vita Marie Honey Oats’ biscuit in major cities Chennai, Bangalore, Delhi and Mumbai. Its health and wellness category director told just-food the marketing slogan ‘something for your heart’ would be used "to communicate to women".…
SOUTH EAST ASIA LOOKS TO NUCLEAR ENERGY DESPITE EARTHQUAKE FEARS
BY MARIANNE BROWN and KEITH NUTHALL
A CHINK of light in the gloom spread over the nuclear industry by Japan’s Fukushima nuclear disaster can be seen to the south, where south-east Asian governments seem keen to push ahead with their nuclear expansion plans regardless.…
INTERNATIONAL MARITIME BUREAU REPORTS FAKE SCRAP SHIPMENT SCAMS
BY KEITH NUTHALL
THE INTERNATIONAL Maritime Bureau (IMB) has warned scrap buyers to beware of fraudsters selling phantom waste metal cargoes that never arrive at port. The IMB – part of the International Chamber of Commerce (ICC) – says the scam involves a sophisticated abuse of bills of lading, letters of credit and associated documents.…
INDIA TEXTILE MINISTRY CHIEF OFFICIAL PREDICTS INDIAN CLOTHING EXPORT BOOM
BY RAGHAVENDRA VERMA
INDIA’S textiles ministry’s top official Rita Menon has predicted at a conference of Indian clothing exporters the country’s garment exports would rise to US dollars USD14 billion for the year to March 2012, 26% higher than the previous year.…
PACIFIC OCEAN RARE EARTHS COULD BE PROHIBITIVELY EXPENSIVE TO RECOVER WARN EXPERTS
BY KEITH NUTHALL, DAVE YIN and WANG FANGQING
A GOOD deal of excitement has been created by the announcement this week in the UK academic journal Nature Geoscience that significant deposits of rare earths have been found in the Pacific Ocean floor.…
ADITYA BIRLA PLANS MAJOR INDIA RETAIL EXPANSION IN 2011 AND 2012
BY MINI PANT ZACHARIAH
Aditya Birla Retail, the retail arm of India’s Aditya Birla Group, will this year and next open 10 to12 new ‘more.MEGASTORE’ hypermarkets, and 100 to 120 ‘more.’ branded supermarkets, a senior manager confirmed to just-food. Thomas Varghese, chief executive officer, Aditya Birla Retail, said today (25-7): "We have built a sustainable customer enterprise and now we want to grow faster based on that experience."…
INDIA'S KNITTING INDUSTRY STRUGGLES WITH LABOUR SHORTAGES
BY RAGHAVENDRA VERMA
INDIA is known for its rich history of garment making traditions; however, its knitwear manufacturing centres have been facing serious labour shortages of late – leading to the underutilisation of capacity, spiralling costs and even relocation of some factories to more rural areas.…
VF ASIA BOSS IS RELIEVED AT COTTON PRICE FALL
BY MARK GODFREY
COTTON prices have eased in 2011, lifting the price pressure on major brands, according to VF Asia Pacific president Aidan O’Meara. The Hong Kong-based executive, who oversees 30 brands in the region, says it was the first time in 19 years at VF that he had seen inflation of production costs.…
YAKULT CONTINUES GLOBAL EXPANSION, TARGETING EMERGING MARKETS
BY WANG FANGQING
Japanese probiotic drinks manufacturer Yakult Honsha Co. has revealed a plan to further expansion in emerging markets including India, Indonesia and Brazil. "As the population in Japan continues to shrink, we have to seek sales growth in emerging markets, where the economy and young populations are booming," said a Yakult spokesman in Tokyo.…
MAJOR INDIAN CONSORTIUM PRESSES AHEAD WITH BID FOR AFGHAN IRON ORE MINE CONCESSION
BY RAGHAVENDRA VERMA
AN INDIAN consortium of three private companies and three public organisations led by the Steel Authority of India (SAIL) is to submit a final formal bid for a concession on the Hajigak iron ore mine in central Afghanistan.…
DRINKS IN 20 YEARS: FUNCTIONALITY, HEALTH AND INDIVIDUALISATION TO REIGN
BY MJ DESCHAMPS
In 20 years’ time, consumers might be looking back on today’s beverage market and laughing at the fact that people were once buying drinks just because they were thirsty.
"We’re going to start seeing a whole lot of new, nutritional ingredients popping up in our drinks soon – functionality will be the biggest theme in 20 years," said Tom Pirko, president of California-based international food and beverage advisory firm Bevmark LLC.…
IMB WARNS OF NEW MARITIME SCRAP METAL SCAM
BY KEITH NUTHALL
THE INTERNATIONAL Maritime Bureau (IMB) has warned heavy melting scrap buyers to beware of fraudsters selling phantom waste metal cargoes from Trieste, Italy, that never arrive. The IMB has reported 13 such scams (one involving aluminium profiles) involving a sophisticated abuse of bills of lading, letters of credit and associated documents.…
EXECUTIVE SAYS DAN CAKE PRODUCTS WILL BE BAKED IN INDIA THIS YEAR
BY MINI PANT ZACHARIAH
PORTUGUESE bakery group Dan Cake has confirmed to just-food that Indian-made versions of its ‘Danesita’ biscuits, cookies and cakes will enter the Indian sweet bakery market by the year end. It follows Dan Cake and India-based Phadnis Group inking a 66:34 joint venture last month to set up a production facility in Chakan, 30 kilometres from Phadnis’ Indian headquarters in Pune, central India.…
SUBSIDIES HELP PUSH FORWARD CHINA'S SUSTAINABLE GREEN ENERGY SECTOR
BY MARK GODFREY
SOFT loans from a cash-rich bevvy of state banks; direct payments to help build manufacturing bases; and tax breaks for firms using local components – these are all forms of state support currently helping China’s wind turbine and solar panel makers capture global market share.…
EU MINISTERS ABANDON ANTI-DUMPING DUTIES ON FRAGRANCE FIXATIVE COUMARIN
BY KEITH NUTHALL
THE EUROPEAN Union (EU) Council of Ministers has repealed Euro EUR3,479-per-tonne anti-dumping duties imposed on imports into the EU of the fragrance fixative coumarin from China, India, Thailand, Indonesia and Malaysia. The reason, said a European Commission note was that "the sole producer of coumarin, which constituted the EU industry…decided to discontinue production of coumarin…at the end of August 2010."…
KRAFT CALLS ON INDIAN GOVERNMENT TO BOOST COCOA PRODUCTION
BY RAGHAVENDRA VERMA
A senior executive at Kraft-owned Cadbury India is encouraging the Indian government to develop a comprehensive cocoa production development policy, claiming domestic supplies are too poor and scant to fuel its growing needs. Atul Bhatia, Cadbury India’s executive director for research and innovation stressed in an interview with just-food that while cocoa is an essential part of his company’s business, imports are often essential.…
INDIAN FOOD BRAND BOSS SAYS COMPANIES MUST THINK LOCAL TO GARNER SALES
BY RAGHAVENDRA VERMA
Indian food companies must localise their marketing strategies as Indian consumers are diverse in their tastes, Santosh Desai, CEO of brand consultants Future Brands told a New Delhi food conference today. Desai said new consumption patterns are emerging in India, but brands need to blend product innovation with established local tastes.…
INDIA FOOD INDUSTRY LEADER SAYS INDIA MUST DEVELOP COMMERCIAL FOOD SECTOR RESEARCH
BY RAGHAVENDRA VERMA
The assistant secretary general of India’s top industry body has welcomed the potential development of an Indian commercial food research and development strategy. Speaking to just-food at a food research conference in New Delhi today, he said this was essential, because existing research rarely creates new products or manufacturing processes.…
HEINEKEN DENIES INDIAN LAUNCHY DELAY RUMOURS
BY MINI PANT ZACHARIAH
India’s United Breweries (UB) has told just-drinks that its planned 2011 Indian launch of Heineken is still on schedule, despite widespread reports of delays to 2012. Indian newspapers have quoted unnamed trade officials citing upgrades at UB’s Mumbai brewery as preventing planned Heineken sales from October.…
DRINKING AGE JUMPS FROM 21 TO 25 YEARS IN MUMBAI, BUT TIPPLERS AREN'T WORRIED
BY JEN SWANSON
INDIA’S state of Maharashtra, which includes the metropolis of Mumbai, has increased the legal drinking age for spirits from 21 to 25 years in a new anti-drinking policy. Meanwhile, it has increased the drinking age from 18 to 21 for beer.…
CANADA FACES DIPLOMATIC ISOLATION OVER ASBESTOS
BY KEITH NUTHALL
THE CANADIAN government has been attacked by environmentalists for blocking an international agreement over the notification of exports of asbestos to importing countries. At a Geneva meeting this week of the fifth conference of parties to the Rotterdam Convention on hazardous chemicals, Canada has opposed placing chrysotile asbestos on the agreement’s Annex III.…
MAJOR MUMBAI AIRPORT EXPANSION N IN SMALL LAND PLOT AND DURING OPERATIONS
BY MINI PANT ZACHARIAH
"THE MODERNISATION of Chhatrapati Shivaji International Airport (CSIA) is one of the most complex and unique infrastructure projects ever undertaken in India. This project is unlike any of the other international airports anywhere in the world," claimed G V Sanjay Reddy, managing director of Mumbai International Airport Limited (MIAL), consortium that is revamping Mumbai’s hub.…
EUROPEAN UNION TO CLARIFY MEDICINE TRADE TRANSIT RULES
BY MJ DESCHAMPS
AN ATTEMPT has been made by the European Commission to end disputes between the European Union (EU) and India and Brazil over EU customs’ seizure of generic medicines destined for non-EU markets.
The problems have been sparked by muddles over regulations.…
CONTROLLED VERSUS FREE MARKETS
BY MARGUERITE-JEANNE DESCHAMPS, MINI PANT ZACHARIAH and WANG FANGQING
All over the world, when, where and what kind of alcohol consumers can purchase varies between each country’s national – and, occasionally, regional – laws. One would understand if alcoholic beverage manufacturers would prefer operating in markets where retailers are free to sell alcohol, versus those were a limited number of agents can make sales.…
RICH WORLD SEES RISE IN OFF SALES AS ON SALES DECLINE
BY MARGUERITE-JEANNE DESCHAMPS, MINI PANT ZACHARIAH and WANG FANGQING
While sales of alcohol in pubs and bars in North America, Europe and the UK have seen a steady decline since the global economic downturn, experts are saying the shift from on-trade to off-trade sales of alcohol has not really had a financial impact on the alcoholic beverage industry as a whole.…
INDIAN GOVERNMENT TO LAUCH PPP INITIATIVE TO BOOST FOOD INDUSTRY R&D
BY RAGHAVENDRA VERMA
The Indian government has launched a major initiative to develop commercial food-industry research within India-based companies. Admitting a lack of focus on research and development has slowed food processing growth, the government today told a new Delhi conference it is planning to promote public-private partnerships (PPPs) on commercially-focused food R&D.…
INDIA AIRPORT INDUSTRY FLIRTS WITH DEDICATED POWER PRODUCTION
BY RAGHAVENDRA VERMA
WHEN is a power plant deemed to be dedicated to a major customer? Obviously a key consideration is its location – but what if locating a major power plant right next to an industrial consumer is not acceptable?…
INDIA AND BRAZIL JOIN OECD CHEMICAL TESTS SYSTEM
BY KEITH NUTHALL
INDIA and Brazil have joined the Organisation for Economic Cooperation & Development’s (OECD) chemical safety data mutual acceptance system. It means regulators and companies in these countries will used OECD methods for non-clinical tests on chemicals. As a result, other participating countries (all 34 OECD developed country members plus South Africa and Singapore) will accept Indian and Brazilian test results, promoting their chemical exports.…
BRAZIL AND ARGENTINA TO LOSE TARIFF BREAKS IN EU GSP REFORM
BY KEITH NUTHALL
Brazil, Argentina, Uruguay and Iran are among almost 100 countries expected to lose tariff breaks for their plastics exports to the European Union (EU), under a planned reform of the EU’s Generalised System of Preferences (GSP) system.
The European Commission announced yesterday (May 10) it wanted to focus import duty concessions on poorer countries and so henceforth those regarded by the World Bank as high or upper middle income states would no longer qualify from January 2014.…
INDIA'S 2G CORRUPTION SCAM RACKS UP BILLIONS OF DOLLARS OF LOSSES TO THE GOVERNMENT
BY RAGHAVENDRA VERMA
INDIA’S multi-billion dollar ‘2G’ scam is a startling example of extreme arbitrariness and blatant disregard to rules during a tendering process to make illicit money. Raghavendra Verma in New Delhi explains how the manipulation in the government’s distribution of mobile telephony frequency became the country’s biggest ever financial scandal.…
NEW CENTRAL ASIA FATF PUSHES ANTI-MONEYLAUNDERING PROGRESS IN REGION
BY MARK ROWE and KEITH NUTHALL
CENTRAL Asia is often in the news regarding political instability, and the complexity of the region’s borders and ethnicities make for an opacity that can encourage the growth of organised crime. Also, being far from the centres of anti-money laundering activities and standard setting – in Europe, north America and east Asia, the region’s often authoritarian governments have a poor reputation regarding the enforcement of law and judicial probity.…
INDIA'S PAINTS AND COATING INDUSTRY MANUFACTURERS RISE CONTINUED SURGE IN DEMAND
BY RAGHAVENDRA VERMA
THE INDIAN paints and coating industry has had a very fruitful year, with high growth and expanding markets – the US dollars USD5.3 billion industry grew by 22% in the financial year ending March 2011, according to Mumbai paint company Kansai Nerolac Paints.…
BIOFUELS PROGRESS IN CHINA RESTRAINED BY LACK OF FEEDSTOCK AND GOVERNMENT INFIGHTING
BY MARK GODFREY
THE ENDLESS undulating hills of southwestern China’s Yunnan province may represent the future of biofuels in the country. These sparsely populated, red-soiled hills of pine and scrub are being touted as the place to grow feedstocks such as jatropha to make up for a clamp-down in using edible alternatives such as corn, rice and wheat.…
INTERNATIONAL ROUND UP - ECHA DEMANDS MORE INFORMATION FOR CHEMICALS CLASSIFIED AS INTERMEDIATES
BY KEITH NUTHALL
THE EUROPEAN Chemicals Agency (ECHA) has told manufacturers of intermediate chemicals – including those used in the paint, coatings and solvent sectors – they may have to submit more information under REACH chemical control system. ECHA screened more than 400 dossiers of substances declared as intermediates and has said that 86% have not proved that this special status should apply – the agency requires less information on intermediates than standard chemical substances.…
BRAZIL JOINS OECD CHEMICAL TESTS SYSTEM
BY KEITH NUTHALL
BRAZIL is the latest major emerging market country to have joined the Organisation for Economic Cooperation & Development’s (OECD) chemical safety data mutual acceptance system. It means regulators and cosmetics companies in Brazil will use OECD methods for non-clinical tests on their chemicals.…
BRAZIL AND ARGENTINA COULD LOSE GSP PREFERENCES FOR COSMETICS EXPORTS TO EU
BY KEITH NUTHALL
BRAZIL and Argentina are among almost 100 countries expected to lose tariff breaks for their cosmetics exports to the European Union (EU), under a planned reform of the EU’s Generalised System of Preferences (GSP) system. The European Commission wants to focus import duty concessions on poorer countries and so those regarded by the World Bank as high-or-upper middle income states would no longer qualify from January 2014.…
WORLD BANK HELPS BANGLADESH FIGHT FRAUD WITH ID SYSTEM
BY KEITH NUTHALL
THE WORLD Bank is spending US dollars USD195 million on helping Bangladesh squeeze fraud from government assistance programmes through the creation of a secure, accurate and reliable national ID system. A bank statement said the project, covering all Bangladeshi adults, would boost "transparent service delivery".…
GLOBAL AGREEMENT ON RUNWAY SAFETY STRUCK
BY KEITH NUTHALL
A GLOBAL agreement on improving runway safety has been secured at an International Civil Aviation Organisation (ICAO) meeting. A multi-strand programme was backed at the world’s first global runway safety symposium, staged at ICAO’s Montreal headquarters. It included bodies such as Airports Council International (ACI), the Civil Air Navigation Services Organisation (CANSO), the European Aviation Safety Agency (EASA), Eurocontrol, the Federal Aviation Administration (FAA), the International Federation of Air Traffic Controllers’ Associations (IFATCA), and others.…
FLAME RETARDANTS GO GREEN IN ASIA-PACIFIC REGION AS ENVIRONMENTAL LEGISLATION TIGHTENS
BY MARK ROWE
WITH awareness growing in regards to their impact on the environment, the chemical make-up of fire retardants is becoming increasingly targeted by legislation around the world, and the Asia-Pacific region is no exception.
According to global paints and coatings company AkzoNobel (SPELLING CHECKED) – which recently opened a EUR7 million fire protection laboratory in the UK to serve as its global headquarters for fire retardant research – increasingly stringent worldwide regulations mean that the demand for more environmentally-conscious fire retardants will double by 2018.…
PERFETTI VAN MELLE LAUNCHES SNACKS FOR INDIAN YUPPIES
BY MINI PANT ZACHARIAH
THE MANAGING director of Perfetti Van Melle India Pvt. Ltd (PVMI) has told just-food his company’s move into salty snacks is based on the appetites of upwardly mobile Indians. After enjoying success with brands such as Alpenliebe, Center Fresh, Mentos and Happydent, PVMI – a fully-owned subsidiary of Italian confectionary conglomerate Perfetti Van Melle – has entered the lucrative branded Indian snack market.…
INDIA'S UNIBIC-MARICO BISCUIT BID MAY STILL BE ON
BY MINI PANT ZACHARIAH
REPORTS of an end to the much-speculated majority stake acquisition bid by Mumbai-based personal care and edible oils company Marico of Bangalore-based biscuit maker Unibic Biscuits India Pvt Ltd could have been premature.
Contacted by just-food, both companies refused to say the deal was off the table.…
SATYAM FACES TAX FIGHT OVER PHANTOM INCOME
BY RAGHAVENDRA VERMA
INDIA’S Satyam Computer Services, the company embroiled in a US dollars USD1 billion dollar fraud, is fighting a USD138 million tax claim on fictitious income shown in its accounts between 2002 and 2008. Under new owners as Mahindra Satyam, it is opposing the claim: "We feel this claim is not fair because [former CEO Ramalinga] Raju had fabricated huge revenues", said Satyam’s present chairman Vineet Nayyar, noting false accounting boosted company equity.…
ARGENTINA COULD LOSE GSP PREFERENCES FOR FOOD EXPORTS TO EU
BY KEITH NUTHALL
ARGENTINA, Uruguay and Iran are among almost 100 countries expected to lose tariff breaks for their food exports to the European Union (EU), under a planned reform of the EU’s Generalised System of Preferences (GSP) system, which lowers EU import duties for emerging market and developing countries for more 6,200 tariff lines, including many food products.…
BRUSSELS BACKS DEFINITIVE COUNTERVAILING DUTIES ON INDIAN STEEL BARS AND RODS
BY KEITH NUTHALL
THE EUROPEAN Commission has tabled erecting long-term definitive countervailing duties on imports into the European Union (EU) from India of certain stainless steel bars and rods. These would cover bars and rods not further worked than cold-formed or cold-finished, excluding those of circular cross-section of a diameter of 80 mm plus.…
INDIA MOVES TO SLASH HIGH SUGAR IMPORT DUTIES
BY JEN SWANSON
THE INDIAN government is considering reducing its import levy on sugar after a two-year-old duty free import exemption expired on March 31, restoring the old punishing rate of 60%. With global sugar supplies tight and prices high, the country’s consumer affairs, food and public distribution ministry has proposed reducing the duty to 15%.…
SATYAM FACES TAX FIGHT OVER PHANTOM INCOME
BY RAGHAVENDRA VERMA
INDIA’S Satyam Computer Services, the company found involved in a US dollars USD1 billion dollar fraud in January 2009, is fighting a USD138 million tax claim on fictitious income shown in its accounts between 2002 and 2008.
Now known as Mahindra Satyam, since being sold to Tech Mahindra in a government auction in April 2009, it has petitioned India’s Supreme Court to fight a High Court order backing the country’s tax authorities.…
TOUGH EU BIOCIDE RULES DETER ASIAN COATING EXPORTERS FROM SEEKING EUROPEAN SALES
BY WANG FANGQING, MINI PANT ZACHARIAH, KARRYN MILLER and KEITH NUTHALL
EMERGING market coatings exporters sometimes claim tough environmental rules in rich jurisdictions are nothing but a form of protection. And while such arguments can always be contested, it is certainly true that the European Union’s (EU) ongoing and longstanding biocide review will throw up obstacles to Asia-Pacific coatings manufacturers wanting to secure sales in Europe.…
INTERNATIONAL ORGANISATION ROUND UP - BRUSSELS ADMITS FRAMING NANO-LAW WILL BE TOUGH
BY KEITH NUTHALL
THE PLANNED attempt this year by the European Commission to table a nanotechnology regulation that gives legal controls to this emerging science will be a tough task, a senior official has admitted to a Brussels conference. Henrik Laursen, from the Commission’s environment directorate general told the fourth annual European Union (EU) ‘Nano’ conference there was no emerging consensus on framing a legal definition of nanoparticles and nanotechnology, which is increasingly used in the paints and coatings sector.…
STANDARD CHARTERED PUTS USD25 MILLION INTO INDIA'S BUSH FOODS
BY JEN SWANSON
UK-BASED financier Standard Chartered Private Equity has told just-food it is bullish about its US dollar USD25 million investment into Bush Foods Overseas Pvt. Ltd, a New Delhi-based basmati rice exporter. "The sector and the company offers great potential," predicted Rahul Raisurana, the investor’s managing director, adding that his company viewed India’s food sector as offering attractive business opportunities at present.…
DOUBLE TAX HIKE HITS MUMBAI SPIRITS INDUSTRY HARD
BY JEN SWANSON
Increased excise duty and sales taxes have inflated prices of Indian-made spirits by 40-56% in the key market of Mumbai and its suburbs, distillers warn. "The new duty caused retail prices in [Mumbai’s state of] Maharashtra to increase two-and-a-half times," said S G Khedekar, secretary of the Maharashtra Distillers Association, who said state excise duty jumped 25% on April 1.…
MAURITIAN FINISHING AND DYEING PLANTS UNDER PRESSURE WITH HIGH COTTON PRICES
BY VILLEN ANGANAN
THE FINISHING and dyeing plants of the Indian Ocean island state of Mauritius are feeling the pinch of high cotton yarn prices, putting profit margins under pressure.
"The order book of our dye house is relatively full as we have seen over recent months customers coming back to as they are looking for alternatives to Chinese producers.…
FUKUSHIMA AND JAITAPUR PROTESTS PROMPT INDIA GOVERNMENT DEBATES ON NUCLEAR INDUSTRY POLICY
BY RAGHAVENDRA VERMA
THE INDIAN government appears to be reassessing its nuclear energy policy following the Fukushima disaster and violent protests in India against a proposed nuclear plant with six 1,650 MW reactors at Jaitapur, Maharashtra.
Today (April 26) the government announced it would propose a new nuclear safety law to create an autonomous nuclear regulatory body in the country and it would invite the International Atomic Energy Agency’s (IAEA) operational safety review team (OSART) to help with India nuclear industry safety reviews and audits.…
ESTABLISHMENT OF INTERNATIONAL ACCOUNTING STANDARDS SHOULD HELP ANTI-MONEY LAUNDERING PROBES
BY ALAN OSBORN, KEITH NUTHALL and RAGHAVENDRA VERMA
THE INTRODUCTION of new global accounting standards through the adoption of International Financial Reporting Standards (IFRS) which began some five years ago and will take 10 or more years to achieve is a massive undertaking which will revolutionise corporate bookkeeping and lead to an international standard matrix of values allowing for much greater transparency and facilitating country-by-country financial comparisons.…
INDIA JATROPHA PRODUCTION MIGHT NOT HAVE EXPLODED, BUT COMMERCIAL PRODUCTION HAS SOLID FOUNDATIONS
BY RAGHAVENDRA VERMA
JATROPHA, regarded as a great hope for the biofuel sector in the last decade, has lately been facing negative publicity due to low economic returns and failed commercial ventures in India. In July 2009 British Petroleum (BP) quit a two year old joint venture with British biodiesel producer D1Oils plc to develop bio-diesel through jatropha cultivation, thus casting more doubts about its potential.…
INDIA CLOTHES COMPANIES IN PROTEST STRIKE
BY RAGHAVENDRA VERMA
INDIAN garment manufacturers have staged a two-day strike to protest against a proposed 10% levied excise duty on branded India-made ready-to-wear garments. While justifying the tax in the national budget presented on February 28, finance minister Pranab Mukherjee said the Indian garment industry, "has come of age and has shown handsome growth in recent years" and so could cope with the duty.…
ECO-TEXTILE RETAILERS WALK A FINE LINE WITH CUSTOMERS
BY EMMA JACKSON
CLOTHING and accessory consumers are fickle at the best of times, and trying to nail down their desires in the growing eco-fashion niche market is proving especially difficult as the industry moves toward environmental responsibility.
On the one hand consumers, (especially young people in mature western markets), are increasingly aware of the environmental and social footprints of fashion and textile production.…
DYEING UNITS REMAIN SHUT IN TIRUPUR
BY RAGHAVENDRA VERMA
MANUFACTURING units in south India’s garment export hub of Tirupur continue to outsource fabric dying to other Indian textile processing centres while the local dyeing factories remain shut due to a court order against water pollution.
"It takes 10 days for the textiles to return from Ludhiana, Calcutta, Surat, Ahmadabad and other places", said S Sakthivel, executive secretary (NOTE – NO FIRST NAME KNOWN) of the Tirupur Exporters’ Association, "only 150-odd exporters with sales of more than USD10 million can afford to do that while the small players are finding it very difficult to survive."…
CHINA AND INDIA PHARMCEUTICAL SECTORS PLOT DEVELOPMENT OF ORIGINAL MEDICINES FOR GLOBAL MARKETS
BY WANG FANGQING and MINI PANT ZACHARIAH
THAT China and India sport efficient pharmaceutical sectors producing generic medicines with vigorous efficiency has long been a fact of life for the global pharma sector. But the ambitions of their domestic industries to produce original medicines that can seize world markets is a newer phenomenon, but a serious one – multinational pharmaceutical companies should take note.…
MULTINATIONALS WANT A PIECE OF INDIA'S BISCUIT MARKET
BY MINI PANT ZACHARIAH
INDIA’S USD2.4 billion biscuit market is drawing multinational companies (MNCs) to its shores – growing at 14% annually, it holds much promise, but will MNCs have the smarts to turn this demand into significant profits? (NOTE – FIGURE FROM EUROMONITOR)
Oreo, from US giant Kraft is the most recent overseas arrival to this multi-billion dollar biscuit party.…
INDIA PHARMA INDUSTRY SOUNDS GENERICS WARNING OVER EU TRADE DEAL
BY KEITH NUTHALL
THE EUROPEAN Union (EU) is running into opposition from the Indian pharmaceutical industry by pushing for a data exclusivity clause to be written into a planned EU-India free trade agreement. The rule would prevent Indian generic drugs manufacturers from developing generics while medicines are under patent protection, slowing their release of drugs once this expires.…
IFC SUPPORTS INDIA SOLAR ENERGY PROJECT
BY KEITH NUTHALL
A ROOFTOP solar energy project aiming to generate 5MW of power in the Indian city of Gandhinagar, Gujarat, is to be guided by the International Finance Corporation (IFC), of the World Bank. The IFC wants to generate US dollars USD20 million in financing for the project, which could prevent 6,000 tons of greenhouse gas emissions annually.…
BRICM MARKETS OFFER RETAIL GROWTH TO GLOBAL FASHION SECTOR
BY WANG FANGQING, RAGHAVENDRA VERMA, MARK ROWE and PACIFICA GODDARD
THE BRICM countries (Brazil, Russia, India, China, and Mexico) have long been regarded as sources of cheap quality fabrics and clothes, but as they grow wealthier they are increasingly being regarded as vital international export markets.…
INDIAN INVESTIGATORS DEMAND INTERNATIONAL COOPERATION IN MASSIVE TELECOMS SCAM PROBE
BY RAGHAVENDRA VERMA
INVESTIGATORS of India’s ‘2-G’ multi-billion dollar telecommunications scam have approached authorities in Singapore, Cyprus, Jersey and the British Virgin Islands to track laundered money in the case, the lawyer representing the government agencies told country’s Supreme Court on March 16.…
GLOBAL CLOTHING RETAIL TRENDS SHOW GREAT DIVERSITY AS ECONOMIC RECOVERY ACCELERATES
BY LEE ADENDORFF
For some it was a total disaster, for others a bump in the road, but the recession left no part of the clothing and textile retail sector unscathed. World Trade Organisation (WTO) statistics from 2009 show that while globally important manufacturing jurisdictions such as China and the European Union (EU) suffered 11% and 15% drops respectively in clothing exports, countries such as India, Vietnam and Bangladesh lost just a couple of percentage points and in India’s case, exports remained stable.…
SUSTAINABLE FASHION BRINGS UNIQUE BUSINESS CHALLENGES
BY EMMA JACKSON
THE GLOBAL fashion and textile market has increasingly been influenced by green marketing buzzwords such as ‘organic’, ‘fair trade’ and ‘sustainable’, with the market for ethical and environmentally-friendly fashion growing slowly despite many challenges.
Assessing the size of this sub-sector is a tricky business, given there is no international standard about what is green and what is not green.…
INDUSTRY NOT WORRIED ABOUT INDIAN HEALTH MINISTRY'S STUDY ON SOFT DRINKS
BY MINI PANT ZACHARIAH
The Indian Beverages Association (IBA) has told just-drinks a new study by India’s health ministry on how carbonated drinks affect young and adolescent consumers’ health may not be negative. Although noting a previous study had found a correlation between cola consumers and obesity, this new study may not conclude soft drinks damage health said IBA secretary general Arvind Varma, adding: "Let’s wait for the results."…
NEW IPR MODEL DEVELOPED TO AID GENERIC MEDICINE SALES
BY KEITH NUTHALL
A EUROPEAN Union (EU) research project is trying to develop a new intellectual property rights regime allowing the inventors of medicines to adopt a liberal licence allowing the swift manufacture of generic copies. This Innova-P2 project wants to create, said a European Commission note, "a potential two-tiered patent system that would give innovators a choice."…
INDIA LIKELY TO DELAY IFRS INTRODUCTION
BY RAGHAVENDRA VERMA
INDIA looks likely to miss its self-imposed deadline of April 1 to implement international financial reporting standards (IFRS), with government officials admitting at an open forum in New Delhi that the timetable could be too tight.
Just six weeks ahead of the deadline, the Indian parliament has yet to amend the Companies Act or authorise secondary legislation authorising IFRS.…
TETRA PAK PLANS MAJOR EXPANSION IN INDIA
BY RAGHAVENDRA VERMA
Packaging giant Tetra Pak is investing USD130 million in India to set up a second facility at Chakan, near Pune, western India, to manufacture carton packaging for dairy beverages and fruit-based drinks in south Asia and the Middle East.…
WEST COAST US SCIENTISTS EMBARK ON MAJOR CCS RESEARCH PROJECT
BY PACIFICA GODDARD
THE USA Environmental Protection Agency’s (EPA) hope of regulating greenhouse gas emissions is putting a damper on investment in new coal plants in the United States. However there is some hope that coal could become clean enough to cohabit with future American emissions rules through carbon capture and sequestration (CCS) technology and tests are now underway in America to demonstrate its effectiveness.…
WASTE RECYCLING IS COMPLEX BUSINESS FOR TEXTILE AND CLOTHING SECTOR
BY DEIRDRE MASON
AS production costs rise and environmental regulations tighten worldwide, manufacturers in the clothing and textile industry are looking for ways of dealing with their production waste as economically as possible. That, however, can never mean simply choosing the cheapest option, rather the smartest.…
TENEX LOOKS FOR WESTINGHOUSE COOPERATION IN POTENTIAL JOINT VENTURE
BY JULIAN RYALL, and EUGENE VOROTNIKOV
A PROPOSED joint venture under discussion between Japan’s Toshiba Corporation and Russia’s Techsnabexport (TENEX) is expected to focus supplying low enriched uranium, not only to Japan but to third-party markets, Fuel Cycle Week has been told.…
BMW LEADS RETURN TO WORK FOR EGYPT'S PROTEST DISRUPTED AUTO SECTOR
BY PAUL COCHRANE
EGYPT’S auto industry could be preparing to get back to work after the government protests beginning on January 25 led to its major assembly plant industry closing down. This morning, BMW confirmed to wardsauto that it had restarted production on Sunday (Feb 6) of CDK models – made by a local subsidiary BAMC (Bavarian Auto Manufacturing Company), itself owned by the BMW Importership BAG (Bavarian Auto Group).…
CHEWING TOBACCO PLASTIC POUCHES BANNED AS ENVIRONMENTAL HAZARD IN INDIA
BY RAGHAVENDRA VERMA
Chewing tobacco plastic pouches banned as environmental hazard in India
India’s EUR 2.92 billion chewing tobacco industry is under severe threat after the country’s Supreme Court banned the use of its popular packaging pouches due to complaints about their environmental hazards, such as lack of biodegradability and recyclability.…
PAKISTAN NURSE FACES REGULAR DEMANDS OF TERRORIST BOMBING VICTIMS
BY RAHIMULLAH YUSUFZAI
AFTER every bomb explosion in and around Peshawar city in northwestern Pakistan,an emergency is declared at the city’s Lady Reading Hospital, named after the wife of a former Viceroy of India.
When this happens, Umia Begum and other nurses in this public hospital are put on standby – it is the destination of most victims of unrest in this strife-torn city.…
AIR INDUSTRY ECO-CHARGES HAVE BOGUS GREEN GOALS, SAYS UN AIR INDUSTRY CHIEF
BY KEITH NUTHALL
THE PROLIFERATION of charges being levied on the air industry worldwide has a false environmental goal, the UN’s air industry chief has argued – with governments using green policies as a convenient excuse to levy easy taxation from a key transport sector.…
ESTABLISHED INDIA BISCUIT DOES NOT FEAR POSSIBLE PEPSICO COMPETITION
BY MINI PANT ZACHARIAH
The general manager of Indian biscuit major Parle Productsis not worried about reports that PepsiCo India is preparing to enter India’s Indian Rupees INR110 billion (USD 2.41 billion) biscuit market. Praveen Kulkarnii told just-food: "Old players will have advantage as they know consumer preferences.…
BHUTAN'S HYDRO-POWER SECTOR SURGES, BUT MOST VILLAGERS ARE LEFT IN THE DARK
BY KENCHO WANGDI
HYDRO-ELECTRIC power is of critical importance to the tiny landlocked nation Bhutan, hidden deep in the folds of the Himalayas, with economic and military giants China to the north and India to the south. Indeed, its government regards hydropower energy as being instrumental in shifting the country from being recognised by the United Nations as a least developed into an emerging developing country in the south-east Asia.…
KRAFT INDIA REJECTS CADBURY TAKE-OVER TAX CLAIM
BY RAGHAVENDRA VERMA
Kraft has rejected criticism levelled in a public interest law suit lodged in New Delhi high court aboutits alleged failure to pay tax in India over its takeover of Cadbury. A copy of the 50-page writ passed to just-food argues Kraft caused "serious prejudice to the public exchequer," alleging: "The failure to deduct the tax at source and failure to submit the requisite return is deliberate with intent to evade the payment of tax…"
A Kraft spokesperson rejected the criticism, telling just-food the company was "aware of the public interest petition" and noting the court had"not granted any reliefs to the petitioner", suggesting instead he complain to the government.…
MOZAMBIQUE LOOKS TO EXPORT LNG
BY GEORGE STONE
MOZAMBIQUE expects to start exporting liquefied natural gas (LNG) in 2018 after major gas finds by Milan-based Eni and American firm Anadarko Petroleum in the waters of the Rovuma basin in the north of the country. The finds mean Mozambique is on course to be a leading LNG supplier to Asia, particularly Japan and rival the region’s leading gas exporters Nigeria and Angola.…
DESPITE VIGOROUS GROWTH, SUPPLY CHAINS REMAIN BIG ISSUE IN SOUTHEAST ASIA, INDIA
BY MARK GODFREY
VIGOROUS economic growth and stimulus spending in key growth markets such as Indonesia, Thailand and India is ensuring Asia remains a bright spot in the global US dollar USD100 billion paint and coatings sector. Yet in terms of raw material supplies, south-east Asia and India are not as geared towards production as China, which has been ramping up chemicals refining capacity largely through ventures between local and multinational firms.…
INTERSECTING RUNWAYS REMAIN A CHALLENGE FOR MUMBAI'S INTERNATIONAL AIRPORT
BY RAGHAVENDRA VERMA
May 31, 2009, a quiet Sunday morning at Mumbai’s ChhatrapatiShivaji International Airport: Air India flight 348 to New Delhi and Jet Airways 651 to Calcutta had accelerated on their runways to 180 km per hour when just seconds before take-off they made emergency stops.…
PEPSICO INDIA WOOS YOUNG WOMEN WITH LAY'S BAKED CHIPS
BY MINI PANT ZACHARIAH
in Mumbai
PepsiCo India launched its reduced fat Lay’s Baked chips on Wednesday with an eye to wooing young women. Available in yellow, red and green packages the product was formally launched at a fashion show by design duo Shantanu-Nikhil and positioned as a fun-lifestyle, as well as health, snack.…
ASIAN PAINT MAKERS UNHAPPY WITH REACH BUREACRATIC DEMANDS
BY MINI PANT ZACHARIAH and EMMA JACKSON
WHILE European paint manufacturers are breathing sigh of relief having passed the first major compliance deadline for the European Union’s (EU) chemical control system REACH, the same cannot be said for paint manufacturers in India.…
INDIA'S BRITANNIA MOVES INTO READY-TO-EAT BREAKFAST SECTOR
BY MINI PANT ZACHARIAH
Launchingits Britannia Healthy Start breakfast range, Bangalore-based foodmanufacturer Britannia Industries Limited (BIL) has entered the nascent but growing ready-to-cook breakfast segment in India.
MTR Foods, Kellogg India and PepsiCo are already wooing starved-for-time, health-conscious and upwardly-mobile Indians in this category.…
INDIAN GOVERNMENT CONFIRMS INDIAN INTEREST IN AFGHAN IRON ORE DEPOSIT
BY RAGHAVENDRA VERMA
INDIAN companies are likely to make a concerted bidding for owning Afghanistan’s Hajigak iron ore mines that are estimated to hold 1.8 billion tonnes of high quality ore, a top Indian government official told Metal Bulletin. "I have been in touch with Indian companies who are really interested in those mines," said S Vijay Kumar, the Secretary (the head official) in India’s Ministry of Coal and Mines.…
ASIA/PACIFIC DEMAND FOR WATERBORNE COATINGS ECLIPSES PLATEAUING WESTERN MARKET
BY MJ DESCHAMPS
Driven by consumer preference and regulation, the replacement of solvent based coatings with water-based ones has been a slow but steady process, beginning in earnest at the turn of the century in the USA, followed by Britain and Europe.…
PWC SENIOR PARTNER IN INDIA SAYS AUDITING IS TIGHTENING UP INDIA FOLLOWING SATYAM SCANDAL
BY RAGHAVENDRA VERMA
The past two years have been tough for Price Waterhouse, India’s branch of PricewaterhouseCoopers (PWC). The firm has been caught up in the billion dollar Satyam scandal that exploded onto the world’s newspapers, televisions and computer screens from January 2009.…
DR OETKER PROMISES NEW MAJOR INDIA MANUFACTURING PLANT
BY MINI PANT ZACHARIAH
The India managing director of Germany’s Dr Oetker Group has told just-food how his company will expand Indian operations, building a new major manufacturing facility by December 2012. It will be the group’s fourth India plant and will be in Bhiwadi in Rajasthan.…
TOYOTA WORKS HARD TO DESIGN MID-MARKET CAR FOR INDIA'S SPECIAL CONDITIONS
BY RAGHAVENDRA VERMA
ATTEMPTING to symbolize the Indian essence of Toyota’s latest sedan made for India’s burgeoning auto market, a Japanese dancer performed classical Indian dance at a special launch concert in the IT hub of Bangalore. The Japanese auto giant will be hoping that the ‘Etios’ will marry high tech and Indian consumer preferences, as a culmination of a four-year-long development process that cost US dollars USD700 million and involved more than 2,000 engineers.…
INDIA TO DISTILL SOBIESKI VODKA FROM APRIL 2011
MINI PANT ZACHARIAH
NV Distilleries & Breweries, the major Indian distiller, has confirmed to just-drinks it will launch Polish Sobieski vodka in India from April 2011. It will be distilled under licence at Ambala, Haryana, one of the company’s five distilleries.…
RICE HUSK POWER TO LIGHT UP INDIA'S REMOTE VILLAGES
BY RAGHAVENDRA VERMA
HAS the world found the means to drive rapid growth of distributed power generation in the rural areas? Yes, believes a group of young entrepreneurs in India who are using the rice husk-fired gasification process to operate small generation units in off-grid remote villages.…
TURKISH KNITWEAR INDUSTRY UPS ITS GAME TO SEIZE EUROPE SALES - BUT HOW LONG WILL IT LAST?
BY SAMI HALABI
THE KNITTING industry in Turkey is undergoing a paradigm shift as its business model moves from one that relied on margins to one that is dependent on quantity. The economic downturn of late 2008 and 2009 left the industry in a situation with stock orders down to a minimum and the industry having to adapt to a new market dynamic.…
ASBESTOS EXPERT ACCUSES JAPAN OF PUSHING FAULTY ASBESTOS TEST
BY JULIAN RYALL
JAPAN is being accused of trying to write its own official asbestos testing system into an international standard, because it knows it does not work and so will get its government off the hook for asbestos exposure cases.…
INDIA CONFIRMS FATF COMPLAINT ABOUT ALLEGED PAKISTANI RUPEE COUNTERFEITING
BY RAGHAVENDRA VERMA
INDIA’S home ministry has confirmed to the Money Laundering Bulletin that it will approach the Financial Action Task Force (FATF) with formal claims and evidence alleging Pakistan’s key intelligence agency is counterfeiting Indian currency.
A senior official from the ministry said the Indian government would approach the international body in next two to three weeks.…
USE NON-GOVERNMENT ORGANISATIONS TO FIGHT ASIAN CORRUPTION
BY MUNZA MUSHTAQ
Asia has long been accused of fostering corruption and governments have often turned a blind eye, while their countries grow richer. One answer is increasing the role of non-state actors in dealing with the problem. Munza Mushtaq reports from the 14th International Anti-Corruption Conference (IACC) at the Queen Sirikit National Convention Centre, Bangkok, Thailand.…
CHINA ADOPTS GLOBAL ACCOUNTING STANDARDS, BUT SECTOR NEEDS ROOT AND BRANCH REFORM
BY MARK GODFREY
Albert Ng, Ernst & Young
Managing partner and chairman of E&Y’s China business, Hong Kong native Albert Ng has over 25 years of professional experience in the accounting industry in China and Australia. That background will be valuable as he moves the firm on from an embarrassing settlement over its auditing of Akai Holdings, a bankrupted Chinese electronic manufacturer and retailer.…
ACTA ANTI-COUNTERFEITING TREATY OFFERS KNITWEAR SECTOR NEW WEAPON AGAINST FAKES
BY MJ DESCHAMPS, KEITH NUTHALL
THE KNITWEAR sector, especially at the higher end of the market spectrum, is a prey for organised counterfeiters. Sophisticated illicit manufacturers, especially in emerging markets, create copies of established brands, that can be high enough quality to fool, but poor enough to disappoint the consumer after a few wears.…
ITER FINANCIAL RESCUE ATTEMPT SNATCHED AWAY BY BUDGET CRISIS
BY KEITH NUTHALL
A FINANCIAL rescue package for ITER, the International Thermonuclear Experimental Reactor project was in major jeopardy last night as European Union (EU) politicians failed to agree an EU budget for 2011. The package had included a commitment to find an additional Euro EUR1.4 billion in additional EU funds for the global nuclear fusion project in 2012 and 2013, which is 45% funded by the European Union.…
INVESTOR STAYS FIRM ON ASBESTOS DEAL, DESPITE CONTROVERSY
BY MJ DESCHAMPS
CANADA and India-based businessman Baljit Chadha, president of international trade and marketing firm Balcorp Ltd., is standing behind his decision to invest in the controversial underground Jeffrey Mine asbestos expansion project according to his senior spokesman Guy Versailles.…
INDIA'S KEY TIRUPUR KNITWEAR SECTOR STRUGGLES TO EXPAND
BY PAUL COCHRANE
KNITWEAR manufacturers in Tirupur, the southern Tamil Nadu state city that accounts for 60% of India’s knitwear exports, have struggled to retain sales due to high cotton prices, forcing manufacturers to look to synthetics as an alternative. In 2009, the city’s total exports of garments and knitwear rose to US dollars USD2.55 billion, after dipping 10% in 2007-2008, but the rise in cotton prices has led to a 15-20% drop in production and job losses of 25,000.…
EUROPE: University experts seek commercial research success
BY David Haworth
Too few universities teach about turning science into specific products to be sold on the markets and lack entrepreneurship departments which instruct ways in which ideas can be turned into money. Dr Bernd Huber, president of the Ludwig-Maximilians-University, Munich, tells an audience of some 300 researchers attending a Brussels conference on the future of Europe’s science and technology.…
INDIAN RAILWAYS NUCLEAR POWER PLANT PROJECT MOVES AHEAD
BY RAGHAVENDRA VERMA
THE NUCLEAR Power Corporation of India Ltd (NPCIL) has confirmed to World Nuclear News that the company is supporting in principle a proposal by state-owned Indian Railways to set up two 500 MW nuclear plants powering its transport services.…
OECD CALLS FOR EMERGING MARKET ANTI-OBESITY POLICIES
BY KEITH NUTHALL
THE ORGANISATION for Economic Cooperation & Development (OECD) has called for emerging market governments to act against rising obesity levels, lest they rival those in rich mature food markets. The Paris-based think-tank has released analysis in the medical journal The Lancet that claims obesity levels in Brazil, China, India, Mexico, Russia and South Africa are rising.…
INDIA'S JAIN IRRIGATION SYSTEMS BUYS BRITAIN'S SLEAFORD QUALITY FOODS
BY RAGHAVENDRA VERMA
Indian food company Jain Irrigation Systems Ltd has acquired an 80% equity stake in Britain’s Sleaford Quality Foods, a Lincolnshire-based supplier of dehydrated fruits and vegetables, spices, herbs, soup mixes, pulses and canned vegetables.
"Sleaford gives us additional value in terms of forward integration", Anil Jain, Managing Director of Mumbai-based Jain Irrigation told just-food, "their ability to go through retailers as well as to the large food companies allows us on a sustained basis to continue to add more product lines in future".…
BRITANNIA INDUSTRIES EXPANDS PRODUCTION IN EASTERN INDIA
BY RAGHAVENDRA VERMA
INDIA’S leading biscuit manufacturer Britannia Industries is expanding production, building two new factories in eastern India. Although the company has yet to make a formal announcement, managing director Vinita Bali spoke about the plans while launching company’s two new NutriChoice cookies in Mumbai.…
URBANISATION, PACKAGING, AUTO DEMAND DRIVING GROWTH IN CHINA
BY MARK GODFREY
CHINA’S US dollar USD25 billion paint and coatings industry remains in sound health, buoyed by auto and home sales plus infrastructure programmes, all fuelled by a government-orchestrated lending spree. Data published by the Chinese Chemical Society shows China paints and coatings growing an average 10% a year since 2000.…
JINDAL DENIES BOLIVIA GOVERNMENT CLAIMS OVER INVESTMENT SHORTFALLS
BY RAGHAVENDRA VERMA
INDIA’S Jindal Steel and Power has refuted allegations made by the Bolivian government that the company has failed to meet it investment commitments made in 2007 while winning the development rights for the Latin American country’s 20 billion tonne El Mutún iron ore mine.…
INDIA'S HIGH TARIFFS PROMPT LOCAL MANUFACTURE OF INTERNATIONAL BRANDS
BY RAGHAVENDRA VERMA
INCREASING sales in India’s domestic knitwear market, improving local manufacturing and the country’s high import duty has prompted international brands, such as Marks & Spencer and DKNY to abandon or reduce imports and source their products locally.
"After having burnt their fingers [by selling imported garments in Indian stores], the international brands have realised that without doing sourcing from India they cannot get margins", said Ashesh Amin, president, apparel and retail, of the SKNL Group, (NOTE: NAME & COMPANY SPELLED CORRECTLY) which has the franchise for DKNY menswear in India.…
INDIAN ALUMINIUM COMPANY TO BUILD SMELTER IN INDONESIA
BY RAGHAVENDRA VERMA
THE INDIAN government-owned National Aluminium Company Ltd (Nalco) is going to build a USD4.5 billion aluminium smelter of 500,000 tonnes annual capacity in Indonesia’s East Kalimantan province. On Tuesday, the company signed a Memorandum of Understanding with the provincial government for setting up the smelter and a 1,250MW power plant, which is expected to take four years to construct.…
SOURCING - WINNERS AND LOSERS
WINNERS
TURKEY
This was the year when Turkey really came into its own. With a well-established and successful clothing and textile industry, supping Europe, Russia and the Middle East, its industry this year laid claim to becoming a fashion centre. August’s Istanbul Fashion Week caught a lot of global attention with 21 catwalk shows, an audience of 40,000, and more than 500 overseas guests.…
OICA PRESIDENT HAS TOUGH WORDS FOR US AUTO INDUSTRY
BY DAVID HAYHURST
THE NEW president of OICA (the International Association of Vehicle Manufacturers) has warned American auto-manufacturers that they risk being left behind in the global race for new technologies. Speaking at his Paris office with wardsauto, Patrick Blain, now six months into his new job, and after this month’s OICA general assembly in Bucharest (October 20 and 21), said it was European and Asian automakers who are setting the pace and working together with their governments to effectively tackle issues of emissions and rising fuel costs.…
HEALTH FOOD SALES GROWING FAST IN INDIA'S MATURING FOOD MARKET
BY MINI PANT ZACHARIAH
HEALTH increasingly means wealth for food processing companies in India. Management consulting firm Tata Strategic Management Group (TSMG) in its March 2010 report pegged the health and wellness foods market in India, currently worth Indian Rupees INR101.5 million (US dollars USD2.3 million) to potentially rise at a compounded annual growth rate of 23% to INR550 million (USD12.4 million) by 2015.…
INDIA TO ESTABLISH TECHNICAL TEXTILE INSTITUTES
INDIA TO ESTABLISH TECHNICAL TEXTILE INSTITUTES
THE INDIAN government is planning to set up four more research and training centres for its rapidly growing technical textiles industry. The Indian government’s Textile Commissioner Anil Bhikaji Joshi, when inaugurating Messe Frankfurt’s Techtextil India exhibition this week (Monday) said New Delhi’s next Five Year Plan starting 2012 would set aside money for establishing ‘Centres of Excellence’ for thermal protection, blood-absorbing materials and other specialised products and applications in the technical textile industry.…
INDIA'S LUXURY LIQUOR INDUSTRY GROWS SLOWLY, BUT SURELY
BY RAGHAVENDRA VERMA
DESPITE some continuing regulatory and commercial barriers, India’s USD28 billion (2010) alcoholic beverages market is expected grow to USD45 billion by 2015 – and tastes are expected to become more refined, too.
So says the Indian Luxury Review 2011 report from the Confederation of Indian Industry (CII) and AT Kearney.…
ENVIRONMENTAL CONCERNS AND CONSTRUCTION MARKETS SPARK EMULSION POLYMER GROWTH IN INDIA AND CHINA
BY WANG FANGQING and MINI PANT ZACHARIAH
A GROWING construction industry paired with a push towards more environmentally friendly paints is currently driving the emulsion polymers (EP) market in the Asia Pacific region, with paints and coatings manufacturers in China and India especially, slated to see major growth in years to come.…
JSW STEEL INKS JV DEAL WITH MARUBENI ITOCHU
BY RAGHAVENDRA VERMA
A NEW USD25 million steel processing centre, under the name of JSW MI Steel Service Center Pvt Ltd, is to be developed in north India as a result of a 50:50 joint venture (JV) between India’s JSW Steel and Japan’s Marubeni Itochu Steel (MISI).…
SOUTH INDIAN TEXTILE MANUFACTURERS DEMAND FURTHER ACTION ON INPUT PRICES
BY RAGHAVENDRA VERMA
AN UMBRELLA group of Indian textile manufacturing associations has called on the Indian government to provide additional support for its members, even though it has secured a medium-term cotton export ban to January 2011. The Federation of Textile Exporters of South India has been complaining about high cotton prices, saying if they do not fall and "we do not find any other solution", there will be "the closure of units".…
RENATIONALISATIONS COULD TRANSFORM EGYPT TEXTILE SECTOR
BY MEGAN DETRIE
A KEY figure in the Egyptian textile industry has called on his government to invest in the two companies recently re-nationalised, following a court decision which ruled illegal their privatisation by the deposed Mubarak regime.
Judges said that the Shebin El-Kom Textile Company (which has major international clothing sector clients), and the Tanta Company for Linen and Derivatives (which does not sell to the clothing sector) had been sold off without sufficient due process, restoring the companies’ ownership to the state.…
ASBESTOS MINERS VOTE 'YES' TO CAD15 MILLION OFFER
BY MJ DESCHAMPS
A COOPERATIVE of 450 current and former workers at the Jeffrey Mine, Québec, Canada, voted Monday to approve an offer made by an international consortium of financiers and construction material manufacturers to invest in expanding its underground asbestos mining operations.…
INDIA'S STEEL MINISTER CONFIRMS PUSH FOR EXPORT DUTY RISE - EXCLUSIVE
BY RAGHAVENDRA VERMA
INDIA’S steel minister has confirmed to Metal Bulletin that his ministry has recommended that the country’s finance ministry makes a second increase of 10% in the iron ore export duty. Beni Prasad Verma said: "We want to discourage the exports so that the iron ore will be available easily to the domestic steel manufacturers."…
GLOBAL - NICHE SPIRITS HIT BY THE RECESSION, BUT THE LONG-TERM OUTLOOK IS ROSY
BY ALAN OSBORN
DEFINING a niche drink is an arbitrary matter and what may pass as niche today may well be considered mainstream tomorrow. Flavoured vodka, for instance, had a relatively specialised following in Europe until a few years ago – now it is classified as an official spirit drink under European Union (EU) regulations.…
EMERGING MARKETS MAKE TYRE RECYCLING A BIG GLOBAL BUSINESS
BY DEIRDRE MASON
SALES of new cars are still holding up surprisingly well despite the global downturn, but within a few years of their purchase, how many of them will be running on retread tyres?
The signs are that the market for retread and recycled tyres will grow, as world demand for rubber grows, particularly in China.…
EU RESEARCHERS PROBE THE DEEPS FOR MEDICINES
BY KEITH NUTHALL
A EURO EUR6million research project will see scientists collect, isolate and classify marine organisms, including sea anemones, tunicates and micro and macroalgae, from the world’s seas and oceans, and look for active biochemicals with potential medical uses. The 2010-1014 MAREX project is coordinated by the University of Helsinki, Finland, working with researchers from Belgium, Britain, Chile, Finland, France, India, Italy, Lebanon, Poland, Slovenia, Spain, Sweden and Turkey.…
GERMANY BOOSTS GENERIC MEDICINE PRODUCTION IN AFRICA AND ASIA
BY KEITH NUTHALL
THE GERMAN government is giving Euro EUR1.2 million to a UN project expanding and upgrading small and medium-sized generic pharmaceutical manufacturers in Asia and Africa. It is run by the UN Industrial Development Organisation (UNIDO) and aims to spread medicine manufacture across a continent where production is mainly concentrated in South Africa, Nigeria, Ghana and Kenya.…
CANADIAN MINER SAYS MONGOLIAN URANIUM EXPLOITATION IS 'GOING NOWHERE'
BY MARK GODFREY
THE CEO of a Canadian mining company in litigation with the Mongolian authorities over the alleged expropriation of uranium rights has told World Nuclear News: "Uranium exploration and development in Mongolia is going nowhere at the moment." CEO of Toronto-based Khan Resources Grant Edey argued Mongolia’s Nuclear Energy Law, passed in 2009, is a "disincentive to invest and our experience has raised the question of tenure of assets with all other players."…
INDIA'S EXPORT UNDERPERFORMANCE ALL PART OF THE GRAND PLAN, CLAIMS INDUSTRY
BY RAGHAVENDRA VERMA
A NEW study from the Federation of Indian Chambers of Commerce and Industry (FICCI) has highlighted the fact that while India has become the seventh largest producer of vehicles in the world, it still holds only 1% of the global export market.…
INVESTORS CONFIRM FUNDING FOR CANADIAN ASBESTOS MINE EXPANSION
BY MJ DESCHAMPS
THE CONSORTIUM of international investors looking to re-start production at one of Canada’s last remaining asbestos mines has finally come through with firm offers of financing and letters of intent; meeting the Québec government’s latest funding extension deadline of October 1.…
INDIA LAUNCHES CLEANROOM RESEARCH
By RAGHAVENDRA VERMA
India is embarking on specialised technical textile research with applications in cleanrooms and healthcare. The research is to be conducted at the Centre of Excellence for Medical Textiles at the South India Textile Research Association (SITRA), an autonomous organisation funded by government and the textile industry.…
INDIAN LUXURY CLOTHING MARKET STARTS TO TAKE OFF - CONFERENCE TOLD
BY RAGHAVENDRA VERMA
THE INDIAN luxury apparel market is starting to take off and major international brands are preparing to exploit the opportunities, a New Delhi conference was told this week. Speaking at the Confederation of Indian Industry (CII) and The Economic Times-organised ‘Dialogue on Luxury, Making India a Source and Destination of Luxury’ event, Angela Ahrendts CEO of Burberry said her company was well placed to capitalise on this growing market segment.…
EMERGING MARKETS PRODUCING CONSUMERS FOR NICHE SPIRITS
BY BILL CORCORAN, DINAH GARDNER, RAGHAVENDRA VERMA, KEITH NUTHALL
IF there is one good indicator that niche spirit markets are developing in emerging markets, it surely has to be sales of single malt Scotch. And by that rough and ready yardstick, such markets are well on their way.…
BIOFUELS ARE MAKING TRANSPORT MORE ENVIRONMENTALLY FRIENDLY, BUT DOES GOING GREEN SACRIFICE ENGINE PERFORMANCE?
BY MJ DESCHAMPS
ALTHOUGH the regulatory push towards the use of biofuels has largely been inspired by environmental motives – primarily aimed towards delivering carbon savings – many concerns have been raised around the idea that these eco-friendly fuels might be damaging engines and vehicle performance.…
EUROPEAN ECONOMIC TROUBLES HITS MAURITIUS TEXTILE SECTOR
BY VILLEN ANGANAN
The constant risk of financial crisis and economic malaise in the European Union (EU) is real and may have worrisome consequences for the Mauritius textile sector.
This Indian Ocean island state’s important textile and clothing sector has been dealing with the global recession in 2009, causing a contraction of 2.9% in output through a fall in demand from US and Europe markets.…
THE STRANGE AND UNUSUAL OF JUST-STYLE 2010
BY MJ DESCHAMPS
With the global textile and clothing industry this year emerging from a deep slump, it is perhaps understandable that there were going to be unexpected twists and turns in the sector during 2010. Of course, the fashion business is always colourful, and attracts characters and innovation.…
2010 REVIEW OF THE YEAR - CLOTHING AND TEXTILE SECTOR
BY KEITH NUTHALL
RETAIL – WINNERS AND LOSERS
WINNERS
H&M
The Sweden-based brand expanded across the world this year, planning to open 220 new stores, mostly in western Europe and the US. Hennes & Mauritz’ (H&M) third quarter sales of SEK26.89bn (US$4bn) showed a sharp 14% increase on the previous quarter.…
INDIAN TEXTILE SECTOR IN FINANCIAL CRISIS
BY RAGHAVENDRA VERMA
THE USD 62 billion Indian textile industry is facing a severe financial crisis as 122 companies, including major players such as Vardhman, reported net losses for the April-June quarter of 2011. According to the Confederation of Indian Textile Industries (CITI) previously high cotton prices (that have now fallen) chewed up large amounts of cash, with major input purchases being made in December 2010.…
TOBACCO CONSUMPTION IN INDIA PROJECTED TO RISE OVER THE LONG-TERM
BY MINI PANT ZACHARIAH
BOB DYLAN was spot on: "One man’s loss always is another man’s gain." The stringent anti-smoking laws passed in India as a result of the World Health Organisation’s (WHO) framework convention on tobacco control’s have stubbed out cigarettes from public places.…
BHUTAN: Future higher education hub of Asia
Kencho Wangdi
The Himalayan kingdom of Bhutan is renowned for its untouched mountainous beauty. It is also known for its political innovation: it tobacco sales ban and use of ‘gross national happiness country’ as a yardstick for development. But it may soon become known as a higher education hub of Asia, if current plans go well.…
CHINA POWER; REPATRIATED HIGH-END PRODUCTION; ECOTEXTILES AND GM COTTON - A TASTE OF THE FUTURE FOR CLOTHING AND TEXTILES
BY EMMA JACKSON
THE TEXTILE and clothing industry maybe almost unrecognisable from its organisation today in 10 years’ time: Chinese-owned offshore production; unstoppable e-commerce, demand for eco-textiles, shifting luxury markets to Asia’s new middle class, and higher prices for everyone, are just some predictions.…
CHINA POWER; REPATRIATED HIGH-END PRODUCTION; ECOTEXTILES AND GM COTTON - A TASTE OF THE FUTURE FOR CLOTHING AND TEXTILES
BY EMMA JACKSON
THE TEXTILE and clothing industry maybe almost unrecognisable from its organisation today in 10 years’ time: Chinese-owned offshore production; unstoppable e-commerce, demand for eco-textiles, shifting luxury markets to Asia’s new middle class, and higher prices for everyone, are just some predictions.…
INDIA PUSHES HARD TO PROMOTE ALTERNATIVE USES OF TOBACCO
BY MINI PANT ZACHARIAH, KEITH NUTHALL
TOBACCO is not just for smoking, or chewing. And with anti-smoking programmes becoming stronger worldwide, there is increasing pressure for government scientists to develop alternative uses of tobacco, helping justify continuing leaf production subsidies.
India is a case in point.…
BIG COMPANIES ORGANISE CAREFULLY TO HANDLE VARIED ASIAN COSMETICS PACKAGING
BY KARRYN MILLER
WHEN it comes to cosmetics, people from east, southeast, and south Asia may have overlapping beauty needs. But given the diversity of the region, it is no surprise to say personal care companies can not use a ‘one size fits all’ strategy.…
CHINA POWER; REPATRIATED HIGH-END PRODUCTION; ECOTEXTILES AND GM COTTON - A TASTE OF THE FUTURE FOR CLOTHING AND TEXTILES
BY EMMA JACKSON
THE TEXTILE and clothing industry maybe almost unrecognisable from its organisation today in 10 years’ time: Chinese-owned offshore production; unstoppable e-commerce, demand for eco-textiles, shifting luxury markets to Asia’s new middle class, and higher prices for everyone, are just some predictions.…
SOUTHEAST ASIAN PAINT COMPANIES CAPTURE ASEAN MARKET WITH HUB-AND-SPOKE MODEL
BY MARK ROWE
IN the truly global market of the paint industry, nowhere has the maxim of work local, sell local, been adhered to more rigorously than in southeast Asia. The region’s paint market is fiercely competitive, driven by developed nations such as Singapore and populous rapidly developing countries such as Indonesia and the Philippines.…
TOBACCO CONSUMPTION IN INDIA PROJECTED TO RISE OVER THE LONG-TERM
BY MINI PANT ZACHARIAH
BOB DYLAN was spot on: "One man’s loss always is another man’s gain." The stringent anti-smoking laws passed in India as a result of the World Health Organisation’s (WHO) framework convention on tobacco control’s have stubbed out cigarettes from public places.…
THE INDIAN Fashion Carnival postponed indefinitely, just days before its launch
BY RAGHAVENDRA VERMA
THE INDIAN Fashion Carnival – the rebranded third edition of Kolkota (Calcutta) Fashion Week – has been postponed indefinitely, just days before its launch. The event was due to start on September 10. Organisers blamed “certain unavoidable circumstances and operational difficulties”.…
TURKEY'S CLOTHING AND TEXTILE SECTOR REBOUNDS
BY PAUL COCHRANE
TURKEY’S clothing and textile sector has rebounded this year on the back of strong sales to Europe and emerging markets, with clothing exports up 11% to US dollar USD9.5 billion as of August 2010, and textile exports reaching USD4.1 billion, up 23% on 2009.…
GARMENT SOURCING IN INDIA SOLUTION TO HIGH TARIFFS
BY RAGHAVENDRA VERMA
INDIA’S booming fashion market has encouraged international brands to change their strategy and start sourcing garments from local manufacturers to meet domestic demand. Donna Karan New York (DKNY), Gant, Arrow, Marks & Spencer and others are also avoiding high import duties in this way, making their products more competitive and in some cases even creating additional sourcing bases for their international operations.…
INDIAN PERSONAL CARE PRODUCT SECTOR CONTINUES TO BOOM
BY RAGHAVENDRA VERMA
INDIA continues to attract international cosmetic and perfume brands as its consumer base and their spending grow. According to the United States Trade Mission to India, the country’s USD2.68 billion beauty and wellness market is growing at 15-20% annually, almost twice as fast as the United States and European markets.…
TAILOR-MADE OECD-LINKED ANTI-BRIBERY ADVICE ADOPTED BY ASIA-PACIFIC GROUP
BY KEITH NUTHALL
A GROUP of 28 governments from the Asia-Pacific region has adopted advice on the criminalisation of bribery drafted by the Organisation for Economic Cooperation & Development (OECD) and the Asian Development Bank (ADB).
Couched as a ‘Thematic Review on Criminalisation of Bribery’ this detailed set of guidelines was adopted in September by the ADB/OECD Anti-Corruption Initiative for Asia and the Pacific, meeting in Kuala Lumpur.…
OECD TAX TRANSPARENCY FORUM RELEASES KEY ASSESSMENTS
BY KEITH NUTHALL
ASSESSMENTS of tax information transparency standards for eight key jurisdictions have been released by the Global Forum on Transparency and Exchange of Information for Tax Purposes, which is run by the Organisation for Economic Cooperation & Development (OECD).…
TRADE BENEFITS LOOM FOR TOBACCO SECTOR IF WORLD TRADE ORGANISATION GRASPS DOHA NETTLE
BY KEITH NUTHALL
SIGNIFICANT benefits to tobacco and tobacco product companies will present themselves if a deal on the long-running Doha Development Round is clinched next year at the World Trade Organisation (WTO). And some diplomats at the WTO’s base in Geneva are asking if agreement is not reached next year, whether the current negotiations will be scrapped.…
EMERGING MARKETS PLAY CATCH UP ON GLOBAL CLOTHING AND TEXTILE SAFETY STANDARDS
BY WANG FANGQING, RAGHAVENDRA VERMA, KARRYN MILLER
CLOTHING manufacturers and associated regulators in emerging markets are often mindful that they need to meet the requirements of consumer safety rules in key developed world markets, but standards still need raising, and – crucially – enforcement.…
CASE LAW CLARIFIES AML STATUTES WORLDWIDE
BY ALAN OSBORN, KEITH NUTHALL
THE PASSAGE of legislation by parliaments and assemblies worldwide has been the usual route by which anti-money laundering legislation becomes law in most jurisdictions. But to some degree, this is because such laws are relatively new and so have yet to face many legal challenges in court.…
EMERGING MARKETS WITNESSING CREATIVITY IN DRINKS PACKAGING DEVELOPMENT
BY WANG FANGQING, RAGHAVENDRA VERMA, BILL CORCORAN, PACIFICA GODDARD, KEITH NUTHALL
DRINKS packaging can be quite different in emerging and developing markets than in the rich world. One issue simply is scale. Poorer consumers are often, simply, more interested in smaller sized portions than richer.…
INNOVATIVE PACKAGING TRANSFORMING GLOBAL DRINKS PACKAGING INDUSTRY
BY MARK ROWE
INNOVATIVE packaging is transforming the drinks industry. Heavy tins and bottles are being replaced by lighter composite and biodegradeable materials; hi-tech cartons are being manufactured that tell consumers if the milk’s gone off; and RFID (radio frequency identification) tags are being embedded with temperature sensors.…
MATURE MARKETS PROTECT CLOTHING AND TEXTILE CONSUMERS AGAINST HARM FROM INDUSTRY PRODUCTS
BY ALAN OSBORN, KARRYN MILLER, GAVIN BLAIR, KEITH NUTHALL
WEARING clothes is not the most dangerous of pastimes: it is not really up there with hang-gliding, off-piste skiing and single-handed ocean yachting. But there are risks associated with wearing clothes, from the contact consumers and workers’ skin has with the chemicals used in production; to potential for strangulation by drawstrings, choking on toggles, and the flammability of some artificial fibres.…
MAJOR INDIA DRINKS COMPANIES SIGN CHILDREN'S ADVERTISING CODE
BY RAGHAVENDRA VERMA
PepsiCo India has told just-drinks it is confident its joining an industry code to adopt "responsible advertising and marketing" while targeting children aged under 12 "will help to further promote dietary choices and a more active lifestyle amongst children."…
MAJOR INDIA FOOD COMPANIES SIGN CHILDREN'S ADVERTISING CODE
BY RAGHAVENDRA VERMA
NESTLÉ India has told just-food its joining an industry code to adopt "responsible advertising and marketing" while targeting children aged under 12 indicates its "commitment to promote healthy dietary choices and active lifestyles." A spokesperson for the company, whose ‘Maggi 2 Minute Noodles’ is popular among children, promised: "We will continue to evaluate our products and make changes wherever required to improve further".…
SUNFLOWER GENOME PROJECT TO YIELD BIG RESULTS FOR OIL PRODUCERS
BY EMMA JACKSON
THE SUNFLOWER family is joining the ranks of other genetically sequenced oil crops, as a Canadian-led project maps the sunflower genome, part of the largest flowering family on the planet – with significant potential for commercial benefit for the oils and fats sector.…
PRODUCER COUNTRY TEA MARKETS HAVE MARGIN FOR GROWTH
BY KEITH NUTHALL
THE UN Food & Agriculture Organisation (FAO) is advising tea-exporting countries to stimulate demand in their domestic markets, because major growing sales are unlikely in traditional importers of black tea, such as Britain and Russia. Here, "scope for expansion in consumption is quite limited…but in the countries where tea is produced the per capita consumption is much lower and so there is a lot more market potential," said Kaison Chang, secretary of FAO’s inter-governmental group on tea.…
SUSTAINABLE TREE FARMING TO HELP INDIAN PAPER COMPANY FIGHT POVERTY
BY KEITH NUTHALL
INDIA largest pulp and paper company wants to fight poverty and improve the environment by ensuring its supply chain includes poor small farmers in Orissa and Andhra Pradesh. Ballarpur Industries is providing smallholders with access to finance to purchase seeds for pulpwood trees, whose wood they can sell to the company through a guaranteed buy-back programme.…
TRADITIONAL WEAVERS MEET HIGH FASHION IN ASSAM
BY KEITH NUTHALL
AN ESTABLISHED international model has been working with tribal women in Assam, India, to commercialise their traditional woven garments, and provide them with financial independence. Bangladesh-born Bibi Russell and the UN Development Programme (UNDP) have been helping Bodo women blend traditional weaving techniques with high fashion design, production and marketing.…
CHINA'S COUNTERFEIT INDUSTRY HOLDING ITS GROUND
BY DINAH GARDNER
EVERY time a US trade delegation comes to Beijing or the city holds a major international event, it is noticeable how many of the city’s pirated DVDs get whisked away by shopkeepers to a back cupboard, leaving only black and white movies from the 1940s and local TV show box sets on suddenly bare selves.…
AJINOMOTO TO STRENGTHEN BUSINESSES IN ASIA AND THE MIDDLE EAST
BY WANG FANGQING
JAPAN’S leading food seasoning manufacturer Ajinomoto Co.,Inc is expanding across Asia and the Middle East. In Jakarta, Indonesia, Ajinomoto is building a new plant at about Japanese yen JPY6 billion (US dollar USD67.7 million), scheduled to start manufacturing food seasonings in 2012.…
INDIAN APPAREL EXPORTS LOSING COMPETITIVE EDGE
BY RAGHAVENDRA VERMA
INDIAN garment exporters are losing to competition from China, Indonesia, Vietnam and Bangladesh, said a recent report released by the Federation of Indian Chambers of Commerce and Industry (FICCI). Shipments to the European Union (EU) and the US account for nearly two thirds of the country’s textile and apparel exports, but registered a decline by value of 11% in 2009.…
LOTTE TO SELL CHOCO PIES IN INDIA
BY WANG FANGQING
SOUTH Korea’s leading snacks manufacturer, Lotte Confectionary started to manufacture its Choco Pie biscuit on July 21 at a newly completed plant in Chennai, southern India. A Lotte spokesman said the company wanted to boost Indian production of Choco Pie, which was popular locally, claimed, for its convenience.…
INDIA
BY RAGHAVENDRA VERMA
Kumar Rajagopalan, CEO of Retailers Association of India, said there were only rough estimates of the number of c-stores in India. He said the total number of retail stores in the country is about 12 million, out of these those selling food would be 7.2 million; of these, modern branded stores comprised only 3 to 4% of the total, ie around 200,000 to 250,000.…
HIMALYA PLOTS YOGHURT EXPANSION IN INDIAN CITIES
BY MINI ZACHARIAH
HIMALYA International Limited, a processed food company based India’s northern state Himachal Pradesh with strong USA export sales, has started supplying natural fruit yoghurt under contract to retailers in India’s major cities. At present, the company is manufacturing 10 tonnes per month of strawberry and banana fruit yoghurt (soze 150g) and with a favourable response to a soft launch three months ago, it plans to boost production to 3 tonnes per day by next year.…
CARREFOUR COMING TO INDIA IN JULY
BY RAGHAVENDRA VERMA
FRENCH retail giant Carrefour has confirmed to just-food it will open its first store in the Indian capital Delhi, aiming to open for business by the end of July. A company spokesperson told just-food.com that the 55,000 square feet shop would be located at the Metro Mall complex in the Seelampur area of east Delhi, and would offer 30,000 products.…
INNOVATION IN THE DRINKS INDUSTRY BRIEFING
BY EMMA JACKSON,RAGHAVENDRA VERMA,WANG FANGQING and PACIFICA GODDARD,
AS people migrate across the globe, the drinks industry has witnessed a slow influx of regionalised flavours into untraditional markets. White and green tea from Asia is now sold across the globe in soft drinks, and ‘exotic’ fruits such as pomegranate, mango and lychee are becoming popular juice flavours in Europe and the US.…
INDIA'S MTR FOOD PLOTS EXPANSION
BY MINI ZACHARIAH
MTR Foods, one of the top five processed foods manufacturers in India, owned by Norwegian conglomerate Orkla, aims to double turnover to Indian Rupees INR5 billion (US dollars USD106 million) by 2012 by focusing on its core business of spices and masalas, instant mixes and vermicelli.…
IT'S EASY TO GET IN TROUBLE IN EUROPE'S WATER SECTOR
BY DAVID HAWORTH,PAUL RIGG,LEE ADENDOORF,MAKKI MARSEILLES,E BLAKE BERRY,FLORENCE LABEDAYS,SYMON ROSS and KEITH NUTHALL
WATER utilities are maybe used to getting bad press. After all, we all need water, and we need and want it to be clean. When a water supplier fails, it is easy to make complaints and see them amplified in newspapers, television, radio and the Internet.…
NEW TERMINAL AT NEW DELHI AIRPORT
BY RAGHAVENDRA VERMA
WITH a vivid metallic facade of mirror-like copper plates and Hindi ‘Mudr?’ hand sculptures at the arrival lounge of the brand new terminal building, the Indira Gandhi International Airport (IGI) in New Delhi is acclaimed by its developers as "the gateway to modern India."…
COTTON SUBSIDY DEADLOCK BLOCKING PROGRESS ON WHOLE WTO DOHA ROUND
BY KEITH NUTHALL
A DEADLOCK within the long-running political battle at the World Trade Organisation (WTO) over cotton subsidies is blocking progress for the whole WTO Doha Development Round, diplomats claim. At the latest Geneva talks on the issue, India, China and Argentina warned "substantial negotiations [over cotton] are deadlocked and there won’t by any Doha agreement unless the cotton problem is solved…," related a WTO official.…
IT'S EASY TO GET IN TROUBLE IN EUROPE'S WATER SECTOR
BY DAVID HAWORTH,PAUL RIGG,LEE ADENDOORF,MAKKI MARSEILLES,E BLAKE BERRY,FLORENCE LABEDAYS,SYMON ROSS and KEITH NUTHALL
WATER utilities are maybe used to getting bad press. After all, we all need water, and we need and want it to be clean. When a water supplier fails, it is easy to make complaints and see them amplified in newspapers, television, radio and the Internet.…
INDIAN PAINT INDUSTRY BACK ON GROWTH PATH
BY RAGHAVENDRA VERMA
SMILES are back in the boardrooms of Indian paint companies as an upswing in the Indian economy has revived demand that remained subdued in 2008 and 2009. "There is an upbeat mood in the whole industry", said Ashwini Mehra, Chairman of Indian Paint & Coating Association (IPCA), "construction and industrial sectors are moving well, so are the big infrastructure projects announced by the government".…
INTERNATIONAL CONFECTIONERY NEWS ROUND-UP - EFSA SUGAR INTAKE PANEL
BY KEITH NUTHALL
A EUROPEAN Food Safety Authority (EFSA) panel has refused to set an advisory limit for the intake of sugar by European Union (EU) consumers. EFSA’s panel on dietetic products, nutrition and allergies has concluded in a comprehensive assessment of dietary requirements for EU consumers “there was insufficient evidence to set an upper limit for sugars”.…
EMERGING MARKETS SEE BOOM IN C-STORE OUTLETS
BY WANG FANGQING,RAGHAVENDRA VERMA and PACIFICA GODDARD
Convenience stores are no longer the preserve of cash rich but tine poor consumers in developed markets. They are increasingly popular in emerging markets too. Foreign convenience store operators in China, for instance, are now moving beyond major metropolitan centres – where they have long been established – to smaller lower-tier cities.…
HIGH NOON FOR THE FUTURE OF ASBESTOS IN A TOWN CALLED ASBESTOS
BY KEITH NUTHALL
THE TOWN of Asbestos in French-speaking Québec, Canada – named after the mineral that underpins its economy – is waiting to see whether its provincial government will approve a Canadian dollar CAD58 million (US dollar USD56 million) loan enabling an underground mine to tap an immense deposit.…
INDIA'S FRUIT DRINKS SHOW STRONG POTENTIAL
BY RAGHAVENDRA VERMA
India’s drinks industry was not harmed badly by the recession, with domestic sales soft drinks and juice production all growing steadily throughout 2009, according to a recent Euromonitor report. In the soft drinks sector, Coca-Cola was the clear leader with Pepsi close behind, but several Indian companies such as Parle Agro, Parle Bisleri Ltd and Dabur India Ltd proffered some healthy competition.…
CIVIL NUCLEAR LIABILITY BILL FIGHTS FOR LIFE IN INDIAN PARLIAMENT
BY RAGHAVENDRA VERMA
THE IMPLEMENTATION of the India-USA civil nuclear agreement seems to face one hurdle after another. Despite the successful conclusion of nuclear fuel reprocessing agreement with India in March this year, the American corporations still cannot trade nuclear equipment and materials with Indian customers due to a lack of a nuclear civil liability regime in India.…
PRIVATE LABEL DRINKS SALES MAKE MAJOR PROGRESS
BY KARRYN MILLER, ALAN OSBORN RAGHAVENDRA VERMA and WANG FANGQING
Private label drinks sales in supermarkets worldwide are no longer the poor relation of commercial ‘national’ brands – cheap drinks for consumers caring little about taste and brand image. A good place to examine this trend is the USA, whose private label offerings have often lagged behind those in Europe.…
BRICM DRINKS MARKETS GENERALLY PERFORM WELL IN RECESSION
BY PACIFICA GODDARD, RAGHAVENDRA VERMA, WANG FANGQING, JOHN PAGNI and KEITH NUTHALL
THE RISE of the world’s large emerging markets – Brazil, Russia, India, China and Mexico (or BRICM to give them a popular acronym) has been especially significant for the drinks industry.…
UNEP REPORTS SAY METAL RECYCLING RATES TOO LOW
BY ALYSHAH HASHAM and KEITH NUTHALL
A NEW report from the United Nations Environment Programme (UNEP) has underlined the enormous disparities in stocks of metals used in rich and poor countries.
The report ‘Metals in Society’ examines the amount of individual metals present in society, and the potential for using the in-use stock to offset demand from virgin metal stocks.…
RELIGION AND SMOKING DON'T ALWAYS MIX WELL
BY PAUL COCHRANE, AHMAD PATHONI, GAVIN BLAIR, RAGHAVENDRA VERMA, WANG FANGQING, HELEN FLUSFELDER, KARRYN MILLER, KEITH NUTHALL and ALAN OSBORN
THE BRITISH writer Oscar Wilde wrote: "A cigarette is the perfect type of a perfect pleasure. It is exquisite, and it leaves one unsatisfied.…
AMBITIOUS INDIAN BIOMETRIC IDENTITY SCHEME TO COUNTER MONEY LAUNDERING
BY RAGHAVENDRA VERMA
INDIA’S anti-money laundering efforts could receive a major shot in the arm if the central government’s ambitious project of providing every adult Indian citizen a biometrics-based ‘unique identification number’ (UID) comes to fruition. Its collection and compilation of personal data is being successfully completed in many parts of the country.…
PRIVATE LABEL FOOD SALES BECOME INCREASINGLY POPULAR WORLDWIDE
BY KARRYN MILLER, ALAN OSBORN, RAGHAVENDRA VERMA, WANG FANGQING and KEITH NUTHALL
PRIVATE label (or own brand, as it is known in the UK) is an increasingly popular way for food retailers to sell their products worldwide. Not only does it given them more control over costs and quality, it allows them to market their own brand whilst making sales.…
TRACENET SYSTEM AUTHENTICATES INDIAN ORGANIC COTTON
BY RAGHAVENEDRA VERMA
ORGANIC cotton from India can now be traced back to its producers to check its authenticity: every consignment is now packaged with a bar code, part of ‘TraceNet’ service provided by central government’s Agricultural and Processed Food Products Export Development Authority (APEDA).…
BRITAIN'S TESCO AND SAINSBURY PIONEERS IN DEVELOPING OWN BRAND PRODUCTS
BY KARRYN MILLER
BRITAIN has always been a trailblazer for the development of own-label, or private-label food brands. And two of its dominant supermarket chains Tesco and Sainsbury have been particularly innovative. Tesco’s private label food range holds the largest share of the UK’s private label market, with Sainsbury coming in at second place.…
SOUTHERN AFRICAN KNITTING INDUSTRY STRUGGLES - ALTHOUGH MAURITIUS IS BRIGHT SPOT
BY ALISON MOODIE
THE SOUTHERN African knitwear industry has taken a serious knock over the past decade. Tough Chinese competition, a global recession and as regards the regional powerhouse South Africa – an overvalued currency – these are just some of its problems.…
VEDANTA ALUMINIUM REJECTS CRITICISM OVER ORISSA PROJECT
BY RAGHAVENDRA VERMA
VEDANTA Resources, the London-based metals and mining group, is trying to utilise waste from its aluminium refinery in the Indian state of Orissa even as it fights allegations that its operations have caused environmental damage to surrounding hills and harmed local tribal communities.…
INDIA LIFTS COTTON BAN, BUT TRADE FACES RED-TAPE PROBLEMS
BY RAGHAVENDRA VERMA
INDIA has lifted its ban on the export of raw cotton, however sales abroad are bound with so much red tape, the resumption of trade could be very slow. "The ban is still on", said A Sakthivel, (NOTE – REFUSES TO GIVE FIRST NAME AND IT HAS NOT BEEN QUOTED ANYWHERE) president of the Tirupur Exporters’ Association, an industry body that has opposed exports to depress local cotton prices.…
EMERGING MARKETS PULL GLOBAL STEEL SECTOR OUT OF RECESSION
BY KEITH NUTHALL
EMERGING market economies have been pulling the global steel sector out of recession and China’s past role as a trade generator will be rivalled, if not exceeded by other growing economies, an Organisation for Economic Cooperation & Development (OECD) meeting has been told.…
INDIAN POLICE AGENCY REVEALS DETAILS OF SATYAM ACCOUNTING FRAUD
BY RAGHAVENDRA VERMA and KEITH NUTHALL
THE CENTRAL Bureau of Investigation (CBI) of India has revealed details of the fake invoicing system used by Satyam Computer Services Ltd as part of the US$1 billion-plus fraud that has rocked the company. Documents released to the general public in India have showed how allegedly corrupt executives subverted the company’s standard billing systems to generate "false invoices to show inflated sales," before its former boss Ramalinga Raju admitted his role in India’s largest ever corporate scandal.…
SECRET ANTI-COUNTERFEITING INTERNATIONAL DEAL RELEASED
BY KEITH NUTHALL
AUTO manufacturers have long worried about the growth of counterfeiting in their industry, especially of vehicle part copies that might not perform. They have also complained about their designs being copied by rival car makers, especially in emerging markets.…
COTTON YARN PRICES RISE IN THE SUBCONTINENT
BY RAGHAVENDRA VERMA
WITH an aim to moderate the domestic prices of cotton yarn, last week the Indian government said it would suspend a 7.5% duty concession for exporters – essentially raising the price of Indian cotton by 3.5% on world markets (because of a complex formula framing these tariffs).…
CDM PROJECTS OFF TO A SLOW START IN AFRICA
BY GEORGE STONE
THE KYOTO Protocol’s Clean Development Mechanism (CDM) has made slow progress in Africa, but schemes are slowly getting off the ground, led by programmes in Nigeria, Kenya and South Africa.
Under the United Nations-backed CDM process, projects that reduce greenhouse gas emissions and contribute to sustainable development can earn saleable certified emission reduction (CER) credits.…
BRAZIL AND INDIA OPEN KNITWEAR MARKETS FOR POOREST COUNTRY EXPORTERS
BY KEITH NUTHALL
MAJOR emerging markets Brazil and India have told the World Trade Organisation (WTO) they are fulfilling commitments to open their markets duty-free to the 49 poorest countries worldwide (called ‘least developed countries’ of LDC) mostly sub-Saharan African, Asian and Pacific islands.…
INDIAN SPIRITS MAKER SAYS IT WILL BECOME WORLD NUMBER ONE IN NEXT FINANCIAL YEAR
BY RAGHAVENDRA VERMA
INDIA’S UB Group has said it should become the world’s largest spirits manufacturer next year. "We are certain that our additional sales in the next financial year (April 2010-March 2011) will take us to the number one position globally", Vijay Mallya, the group’s chairman, has announced.…
NEW INDIAN GOVERNMENT GUIDELINES RESTRICT FOREIGN INVESTMENT IN ORGANISED RETAIL
BY RAGHAVENDRA VERMA
UNEASE and uncertainty has been provoked amongst international food retailers by new restrictive guidelines issued by the Indian government, limiting foreign investment in the organised retail sector.
The move comes when the Indian retail sector generally was expecting a gradual liberalisation of rules on striking deals with foreign partners.…
PREFETTI SUPPLY CONFECTIONERY SAMPLES VIA LUNCH BOX SERVICE
BY RAGHAVENDRA VERMA
ITALIAN-owned confectioner Perfetti Van Melle India has developed an innovative way of distributing 200,000 samples of its Mangofillz confectionery in Mumbai: hiring traditional lunch deliverers – the famous ‘Dabbawalas’ to hand them out.
Nikhil Sharma, Perfetti India senior controller marketing, said: "Dabbawalas pretty much play the role of the shopkeepers.…
SECRET ANTI-COUNTERFEITING INTERNATIONAL DEAL RELEASED
BY KEITH NUTHALL
MANUFACTURERS protecting high-value brands will be scouring the details of a draft Anti-Counterfeiting Trade Agreement (ACTA) released this month (April) after two years of secret negotiations. What provisions will help international business? Keith Nuthall reports.
THE FACT that negotiations to forge a new international anti-counterfeiting deal have been confidential has not stopped critics claiming that the resulting agreement would be ineffective or even unworkable.…
SECRET ANTI-COUNTERFEITING INTERNATIONAL DEAL RELEASED
BY KEITH NUTHALL
PERSONAL care product care manufacturers protecting high-value brands will be scouring a draft Anti-Counterfeiting Trade Agreement (ACTA) released last month, (21 April) after two years of secret negotiations. Framed mostly by rich developed countries including the USA, the European Union (EU) and Japan, the deal has been under discussion because of the failure to agree a comprehensive global agreement in talks with emerging markets such as China and India at the World Intellectual Property Organisation (WIPO).…
TOBACCO CONTROLS MAYBE GROWING - BUT THEY ARE OFTEN WEAK
BY AHMAD PATHONI, ALYSHAH HASHAM, MARK ROWE and KEITH NUTHALL
GIVEN the constant flow of news about tougher tobacco industry regulations from all continents, tobacco executives could be forgiven for thinking there are no countries where they have a relative free hand to sell their products.…
LATIN AMERICA TOBACCO SECTOR RIDES OUT THE RECESSION
BY PACIFICA GODDARD
LAST year in Latin America, British American Tobacco (BAT) and Philip Morris International (PMI), the region’s two dominant companies, battled to maintain profits through declining volumes. Overall, Latin America was profitable for both companies. For BAT, profits were mainly attributable to a strong performance in Brazil, and improved premium brand sales, however volumes sales declined throughout the region.…
GERMANY BANS CHINESE 'GARFIELD' SOCKS
BY KEITH NUTHALL
CHINESE-made ‘Garfield’ socks have been recalled from sale in Germany because they contained banned levels of azo dyes, the European Union’s (EU) consumer alert service RAPEX has reported. It added there has been a voluntary withdrawal and destruction of India-made ‘Tiger’ scarves from Denmark because of banned azocolourants, notably benzidine.…
TEXTILE AND APPAREL MARKETS A MIXED BAG IN LATIN AMERICA
BY PACIFICA GODDARD
INTRODUCTION
There are signs around the world that the textile market is beginning to recover from the global economic crisis, and developing markets will be leading that recovery. Asia is, of course, at the forefront, but many countries in Latin America have also weathered the crisis and have come out in a surprisingly decent position, with their dynamic textile and apparel industries well positioned for future expansion.…
FORMAL DRINKS INDUSTRY EDUCATION SYSTEMS GROWING WORLDWIDE
BY ALAN OSBORN, EMMA JACKSON, PAUL COCHRANE and JULIAN RYALL
INTRODUCTION
Professionalisation is a key trend in today’s drinks sector, particularly as export markets are growing fast in emerging markets. With brand loyalty up for grabs, it is critical for alcoholic drinks producers especially to maintain and raise quality.…
PEER REVIEW BEGINS OF G20 BANK INFORMATION EXCHANGES
BY KEITH NUTHALL
PEER reviews have begun assessing the banking and tax transparency systems promoted by the G20 group of nations following the international contagion of financial problems sparked by the credit crunch. The Organisation for Economic Cooperation & Development’s (OECD) Global Forum on Transparency and Exchange of Information will undertake the process.…
RUSSIAN REGULATION FACES TOUGH TASK TO REIN IN MONEY LAUNDERING, SAY EXPERTS
BY MIRIAM ELDER
WHILE the government of the Russian Federation has made real efforts to fight money laundering – as documented recently in the Money Laundering Bulletin – the problem remains rampant in this resource-rich country, according to Russian and international experts.…
MEN'S GROOMING HELPS KEEP COSMETICS INDUSTRY AFLOAT
BY MARK ROWE
MANY cosmetics sectors would consider themselves successful to have managed fractional increases in sales over the past 18 months. But one sector has apparently bucked the trend – men’s grooming.
While the global personal care market has slowed due to the recession, men’s grooming is one of the few bright spots, with 6% value growth from 2007 to 2008.…
VIETNAM KNITWEAR SECTOR BOOMING - DESPITE GLOBAL RECESSION
BY KARRYN MILLER
VIETNAM has worked hard to convince foreign companies they should look past neighbouring China for their knitwear needs. Through an increasing commitment to quality, along with strong government support, Vietnamese knitwear firms are starting to see the fruits of their labour and tags ‘made in Vietnam’ are becoming more common both domestically and abroad.…
INDIA AND BRAZIL OPEN MARKETS TO LEAST DEVELOPED COUNTRIES
BY KEITH NUTHALL
MAJOR emerging markets Brazil and India have told the World Trade Organisation they are fulfilling commitments to open their markets duty-free to the 49 poorest countries worldwide (‘least developed countries’) mostly sub-Saharan African and Asian. New Delhi and Brasilia said ready-to-wear clothing were key exports that would benefit.…
SEBI REJECTS PRICE WATERHOUSE'S CONSENT APPLICATION
BY RAGHAVENDRA VERMA
PRICEWATERHOUSECOOPERS has taken yet another knock in the US$ 1 billion Satyam Computer Services scandal. India’s stock market regulator, the Securities and Exchange Board of India (SEBI) has rejected an application from the firm’s India branch to settle potential administrative or civil proceedings arising from the case.…
DE BOER REPLACEMENTS AS CLIMATE CHANGE BOSS EMERGE
BY ERIC LYMAN and KEITH NUTHALL
THE EXECUTIVE secretary of the UN Framework Convention on Climate Change (UNFCC) Yvo de Boer will switch his attentions to the private sector after standing down from his job on July 1. He will be joining the consultancy group KPMG as global adviser on climate and sustainability and working with a number of universities.…
SUSTAINABLE PALM OIL TAKING SEED IN SOUTH AMERICA
BY MARK ROWE
BOTH the oils and fats industry and environmentalists have long been aware of concerns over the oil palm, the prolific shrub that can be converted into palm oil, one of the most versatile fats known to man.
For almost as long, there have been campaigns to improve its cultivation in south-east Asia, which accounts for around 75% of global supply; but concern is now focussing on South America, where cultivation is growing rapidly, placing pressure on the Amazon rainforest and other wildlife-rich habitats in a belt stretching across central Brazil and Ecuador to Colombia’s Caribbean coast.…
Book advises businesses on legal pitfalls of working in India

India’s regulatory and legal framework is converging fast with the international system, however there are many unique political, social and historical influences that make it imperative for the overseas business to take a cautious approach while entering the country. According to a new book written by International News Services’ experienced chief south Asia correspondent Raghavendra Verma, India presents many different sets of problems and he highlights solutions developed by local enterprises.
A compilation of a series of articles discussing business deals and a spectrum of issues affecting the current business environment, this well-researched and crisply written book presents exclusive comments and analysis from the experts. For example how the Tata Steel handled the exceptional situation created during the merger with Corus that even forced change in the takeover code of UK; or the speedy merger of Ranbaxy, India’s biggest pharmaceutical company with Japanese giant Daiichi-Sankyo, which highlighted the role of multiple regulatory authorities in India and the hurdles that companies need to cross.…
OECD-APPROVED CHEMICAL SAFETY TESTS FACING RECOGNITION IN INDIA AND BRAZIL
BY KEITH NUTHALL
RICH country cosmetics companies maybe able to avoid undertaking chemical safety tests in key emerging markets because of an Organisation for Economic Cooperation & Development (OECD) mutual acceptance of data system. Using the unlikely acronym MAD, this procedure enables signatory countries to accept chemical safety tests carried out in fellow member states.…
SECURITIES MARKETS LET CRIMINALS DOUBLE DIP - VULNERABLE TO FRAUD AND MONEY LAUNDERING
BY KEITH NUTHALL
EVERYONE loves a package deal – especially criminals. The fast-paced international financial securities trade offers a complex business prone to fraud with the means to launder ill-gotten gains at the same time. Keith Nuthall reports.
THE RECESSION has given plenty of examples of how, as Warren Buffet eloquently put it, "only when the tide goes out do you discover who’s been swimming naked."…
UK'S NEW CARBON TRADING SYSTEM A UNIQUE AND MISUNDERSTOOD PROGRAMME
BY EMMA JACKSON
THIS April, the long-awaited carbon reduction commitment (CRC) scheme will commence in the UK, bringing in the first phase of a carbon emissions trading programme unlike any other in Europe.
The programme covers virtually everything the European Union’s (EU) emissions trading scheme (ETS) does not: any corporation, company or business – including transport and agriculture – which consumes more than 6,000 megawatt hours (MWh) per year.…
GERMANY BLOCKS ILLEGAL PERSONAL CARE PRODUCTS
BY KEITH NUTHALL
TURKISH-MADE coral-coloured nail polish ‘Marabu’ has been withdrawn from sale in Germany for containing 0.5% by weight of dibutyl phthalate (DBP), banned in cosmetics by the European Union’s cosmetics directive. Meanwhile, India-made ‘Moon Star’ brown herbal henna has also been withdrawn in Germany over health concerns reported European Union consumer alert system RAPEX.…
OECD-APPROVED CHEMICAL SAFETY TESTS FACING RECOGNITION IN INDIA AND BRAZIL
BY KEITH NUTHALL
RICH country textile and clothing chemical and dyes companies maybe able to avoid undertaking chemical safety tests in key emerging markets because of an Organisation for Economic Cooperation & Development (OECD) mutual acceptance of data system. Using the unlikely acronym MAD, this procedure enables signatory countries to accept chemical safety tests carried out in fellow member states.…
ECJ REJECTS GERMAN COMPANY CLAIM OVER SILICON METAL PROCESSING
BY KEITH NUTHALL
LEGAL clarity on the amount of processing that an imported metal must receive, to become a new product for the purposes or re-exporting has emerged from a European Court of Justice (ECJ) case regarding Chinese silicon metal.
Germany’s Hoesch Metals and Alloys GmbH was challenging a decision by the Aachem customs office over whether silicon metal it was importing from India should have been regarded ‘made in India’, where it has been separated, crushed, purified, sieved, sorted and packaged.…
PWC AUDITOR GRANTED BAIL
BY RAGHAVENDRA VERMA
TALLURI Srinivas, one of the PricewaterhouseCoopers auditors arrested more than a year ago in connection with the US$1 billion Satyam Computer Services scandal has at last been granted bail by India’s Supreme Court. His lawyer had contended that he audited Satyam accounts only after 2007, while the inflated profits at the heart of the scandal date back many years.…
OECD-APPROVED CHEMICAL SAFETY TESTS FACING RECOGNITION IN INDIA AND BRAZIL
BY KEITH NUTHALL
RICH country textile and clothing chemical and dyes companies maybe able to avoid undertaking chemical safety tests in key emerging markets because of an Organisation for Economic Cooperation & Development (OECD) mutual acceptance of data system. Using the unlikely acronym MAD, this procedure enables signatory countries to accept chemical safety tests carried out in fellow member states.…
ASIA BEER MARKET IS WORLD'S NUMBER ONE AND SET TO CONTINUE GROWING
BY GAVIN BLAIR, FRANCES WANG, RAGHAVENDRA VERMA and KARRYN MILLER
The Asian beer market, having overtaken Europe, is now the largest in the world, according to Japanese brewery Kirin. The region accounts for 31.7% of global consumption, compared to 30.8% for Europe, claims the annual report from the Kirin Institute of Food and Lifestyle.…
World waits until end of 2010 for practical climate change response
By Alan Osborn and Mitch Vandenborn, International News Services
DIVERSIFYING ASIAN HAIR CARE TRENDS WIDEN MARKET FOR PERSONAL CARE PRODUCT MANUFACTURERS
BY WANG FANGQING
ASIA is opening up to the wider world culturally and its hair styles are becoming more varied as a result, allowing personal care product companies to sell a wider range of hair care lines.
With growing attention paid to appearances, Chinese consumers, for instance are spending more on their hair care.…
SWELLING COTTON YARN PRICES IN BANGLADESH SPELLS TROUBLE FOR KNITWEAR INDUSTRY
BY RAGHAVENDRA VERMA
A SWIFT rise in the price of south Asian cotton yarn has forced closures in Bangladesh’s US$6.43 billion knitwear export sector and pushed some manufacturers to the brink as the whole industry struggles to overcome the costing problem.…
COTTON PRICES AFFECT BANGLADESH DYE IMPORTS
BY RAGHAVENDRA VERMA
THE BANGLADESHI demand for textile dyes and finishing chemicals such as sodium sulphate, oxalic acid and ferrous sulphate – imported from the UK, Asia and India – could deflate as the country’s US$10 billion apparel industry is facing a sudden rise in input costs.…
BRIGHT FUTURE AHEAD FOR INDIAN FOOD PROCESSING INDUSTRY
BY RAGHAVENDRA
INTRODUCTION
"INDIA can emerge as a leader in the global food processing industry," said Indian Prime Minister Manmohan Singh in December 2009 while addressing a conference of food processing ministers of different Indian states in New Delhi, noting the country’s US$100 billion food processing sector grew by 14.7% in 2009.…
EXPANSION INTO PERIPHERAL REGIONS A NEW PRIORITY FOR MARKET MAKERS
BY MARK GODFREY
A SLUMP in exports dented China’s economic growth in 2008, but a strong recovery which lifted GDP growth to 10% in the second half of 2009 appears to have ensured strong retail sales across all fronts. That is why growth of cosmetics sales in China remained strong at 10% in 2009, according to the China Association of Fragrance Flavour and Cosmetic Industries (CAFFCI).…
SATYAM SCAM ENCOURAGES ANTI-MONEY LAUNDERING REFORMS IN INDIA
BY RAGHAVENDRA VERMA
INDIA’S largest ever financial fraud, the US$1 billion-plus Satyam computer company scam, where top management inflated revenues and laundered money for their personal gains, has shocked the Indian government into reassessing the efficacy of laws and regulations concerning corporate governance and anti money laundering (AML).…
BOOK ADVISES BUSINESSES ON LEGAL PITFALLS OF WORKING IN INDIA
BY KEITH NUTHALL
India’s regulatory and legal framework is converging fast with the international system, however there are many unique political, social and historical influences that make it imperative for the overseas business to take a cautious approach while entering the country.…
FEED IN TARIFFS PROVING POPULAR WAY TO PROMOTE GREEN ENERGY
BY MARK ROWE and KEITH NUTHALL
THIS April, the UK will launch a feed-in tariff for electricity, which the government said will accelerate take-up of green energy among the general public. According to the European Commission’s energy directorate-general, the European Union (EU) already uses at least 20% more energy than is justified, which has led to twin concerns – the need to reduce consumption of fossil fuels and to encourage consumers to switch to green energy tariffs and sources.…
WORLD WAITS UNTIL END OF 2010 FOR PRACTICAL CLIMATE CHANGE RESPONSE
BY ALAN OSBORN
While many had hoped December’s Copenhagen Conference would be the necessary first step in the global fight against climate change, in the wake of the signed partial accord, we are left with many more questions than answers. Now, 2010 is the new deadline for whether the world can agree a practical response to the dangers of global warming.…
Banana deal brings hope to barren WTO Doha trade talks outlook
By Keith Nuthall, International News Services
For many journalists covering globalisation affairs, the end of the European Union’s (EU) banana trade dispute with the USA and Latin American countries is like the loss of an old friend. This dispute – which ended today – has been subject to formal World Trade Organisation (WTO) proceedings since 1996. Its resolution is a rare ray of sunlight in Geneva, where multilateral trade talks have long been mired in self-interest and complacency.
The Doha Development Round of global trade negotiations – which itself has been lumbering on since 2001 – appears far from completion. The political and commercial impetus that pushed its predecessor, the 1990s Uruguay round, towards great success, is nowhere to be found with Doha.…
It's a disaster. Who you gonna call? The World Instant Noodle Association
By Julian Ryall, in Tokyo
International aid for emergencies comes in many forms, and necessity really can be the mother of invention amongst donors. Just ask the Japan-based World Instant Noodle Association: when disaster strikes - they send noodles.
And the world’s hungry and sick are happy that they do.
The association – whose acronym is WINA – draws donations from instant noodle producers and a disaster relief fund created by the late inventor of the instant noodle, Momofuku Ando, and former chairman of the International Ramen Manufacturers’ Association.…
GLOBAL ROUND UP OF 2009 CLOTHING AND TEXTILE NEWS
BY KEITH NUTHALL
A YEAR of struggle would be the best way to sum up 2009 as far as the global clothing and textile industry is concerned. The depth and severity of the worldwide recession left many clothing and textile companies reeling, even impacting upon China, which had previously been dominating global markets.…
AFRICA'S NEW OIL AND GAS LIONS: MAJORS ENTER THE REGION
BY GEORGE STONE
GHANA, Uganda and the Democratic Republic of Congo (DRC) are Africa’s latest upstream hotspots as major energy firms seek new provinces outside of regional heavyweight oil producers Nigeria and Angola. But jockeying for position has already led to friction between governments and the industry.…
CHINA FACES WTO DISPUTES PANEL OVER NON-FERROUS METAL EXPORT RESTRICTIONS
BY KEITH NUTHALL
CHINA has come under increased pressure to scrap export restrictions on certain key non-ferrous metals, with the World Trade Organisation (WTO) establishing a disputes panel to adjudicate complaints about these rules. With the European Union (EU) being joined by the United States and Mexico as formal parties to this dispute, the outlook could be serious for China if it loses.…
INDIA MILK PRODUCERS APPROACH PRIME MINISTER
BY RAGHAVENDRA VERMA
THE GUJARAT Cooperative Milk Marketing Federation Limited (GCMMF), India’s largest milk cooperative, has accused the government of failing help it placate competing interests of consumers and farmers. GCMMF has increased pasteurised milk prices thrice in 2009 to US$0.5 per litre, worrying consumers.…
OIL AND GAS SECTOR STILL LEFT WITH QUESTIONS OVER EMISSIONS REDUCTIONS AFTER COPENHAGEN SUMMIT
BY KEITH NUTHALL, EMMA JACKSON and ERIC LYMAN
THE COPENHAGEN climate change conference ended on December 18 with an accord where key world economies promised to make binding agreements to cut carbon emissions. But detail on exactly how much will be settled at a later date, meaning its long term effects on the oil and gas industry are unclear.…
INDO-US NUCLEAR DEAL IMPLEMENTATION LINGERS ON
BY RAGHAVENDRA VERMA and RUSSEL BERMAN
AMERICAN and Indian officials are keeping upbeat about the prospects of 2010 being the year when the Indo-US civil nuclear agreement finally comes into force and becomes an operational reality. A whirl of recent diplomacy is expected to lead to another round of talks by senior officials charged with ironing out the remaining technical problems that are holding up implementation.…
MARKS & SPENCER TO EXPAND INDIA OPERATIONS
BY RAGHAVENDRA VERMA
MARKS & Spencer is planning to expand its garment retail business in India with 50 new stores and a wider range of products. Presently there are only 14 stores in seven cities operated by a US$47 million joint venture with India’s Reliance Retail, where M&S holds a maximum permissible equity stake of 51%.…
CHINA AND INDIA CALL FOR COMPULSORY GREEN INNOVATION LICENSING
BY KEITH NUTHALL
THE CHINESE and Indian governments have been calling for international climate change agreements to include ‘compulsory licensing’ for inventions that reduce carbon emissions. This would weaken intellectual property rights for developers, enabling such technology to be copied cheaply.…
HUMAN RESOURCES CRUNCH MAY LIMIT INDIAN NUCLEAR POWER DREAM
BY RAGHAVENDRA VERMA
AFTER assuring international cooperation with its recent deals with Canada and the USA, India’s atomic energy industry is preparing for a major expansion, but the limited supply of human resources in the sector could turn out to be a serious handicap.…
PWC NEW DELHI GETS REPRIVE FROM INDIAN COURT
BY RAGHAVENDRA VERMA
THE NEW Delhi branch of Price Waterhouse has received a reprieve from disciplinary proceedings in the billion dollar Satyam Computers scandal in India. Delhi High Court on Wednesday upheld its appeal against the Institute of Chartered Accountants of India (ICAI) for initiating disciplinary proceedings.…
SUPPLEMENTARY CHARGESHEET FILED IN SATYAM CASE
BY RAGHAVENDRA VERMA
INDIA’S notorious Satyam Computer Services scandal has taken a turn for the worse, with the country’s Central Bureau of Investigation (CBI) laying new charges against 10 defendants regarding fake invoices, inflated revenues, unauthorised loans and attempted cover ups.…
ESCADA BECOMES A PART OF MITTAL'S FAMILY BUSINESS
BY RAGHAVENDRA VERMA
ESCADA, the bankrupt German luxury fashion brand, is ready to make a new beginning after being bought by Indian steel tycoon Lakshmi Mittal’s daughter-in-law Megha Mittal for an undisclosed amount last week. Its future now rests in the hands of a 33-year old Indian lady who has no track record in fashion but possess a strong financial backing and a lot of enthusiasm.…
CANADA AND INDIA SECURE NUCLEAR COOPERATION DEAL
BY RAGHAVENDRA VERMA and KEITH NUTHALL
JUST two weeks after Canadian Prime Minister Stephen Harper visited India, he and Indian Prime Minister Dr Manmohan Singh have announced that they have struck a civilian nuclear cooperation agreement. Strangely this revelation came outside both countries, in Trinidad & Tobago, where both men were participating in the 2009 Commonwealth Heads of Government Meeting.…
GREECE AND ITALY FARE POORLY IN LATEST TRANSPARENCY INTERNATIONAL REPORT
BY KEITH NUTHALL
CORRUPTION in Greece is now considered as bad as in Romania and Bulgaria – European Union (EU) member states investigated by the European Commission over graft. Greece’s slide from 57th in last year’s Transparency International (TI) corruption perception index to 71st in this year’s report will concern its new left-wing PASOK government.…
IFC JOINS CAIRN INDIA OIL FINANCING
BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC), of the World Bank, is lending the Cairn India Group US$250 million to help complete oil field development and pipeline construction. This will augment another US$500 million raised by Standard Chartered Bank and US$850 million from the State Bank of India.…
COMMERCIAL CRIMES ON THE CLIMB IN REMOTE BHUTAN
BY KENCHO WANGDI
NESTLED against the Himalayas, Bhutan was one of the last oases of isolation, untouched by commercialism and capitalism. But in the last decade, things have changed, and Bhutan has embraced all the joys of the modern world – and the crime.…
INDIAN CARS COULD BE A COMMON SIGHT ON BRITISH ROADS IN FUTURE
BY RAGHAVENDRA VERMA and KEITH NUTHALL
COUNTRIES that start exporting cars to Britain usually have a tough time convincing consumers about the quality of their vehicles. Remember the Skoda and skip jokes? Well, no one makes those anymore. Korean cars used to have a reputation for being cheap rubbish.…
US-SOUTH KOREAN AUTO SECTORS FOCUS ON TRADE DEAL IMPASSE
BY KEITH NUTHALL and KARRYN MILLER
THE AMERICAN and South Korean auto sectors are closely watching the outcome of informal talks between their governments over removing trade barriers within the 2007 US-South Korea Free Trade Agreement, which still requires ratification. The deal was negotiated by the old Bush administration, and is now being reviewed by Obama team, ahead of any renewed ratification push in the US Congress – with the auto sector being a key focus.…
India will be test-bed for emerging market countries fighting Maoist insurgencies
By Raghavendra Verma, in New Delhi
India is the latest example of a country struggling against a Maoist insurgency fuelled by rural inequality, showing how emerging market governments worldwide risk harbouring violent rebel groups while promoting economic development.
In Peru, the notorious Maoist guerrilla group ‘The Shining Path’ continue operations, funded by the illicit drug trade, after a major insurgency in the 1980s and 1990s failed to achieve its political ends. In Nepal, an armed insurgency was successful, ending with a peace accord in 2006, its Communist Party of Nepal (Unified-Maoist) (CPN-UM) joining the country’s parliament and briefly leading its government.
Other Maoist groups continue to operate in pockets worldwide, for instance in The Philippines, Bangladesh, Bhutan and Sri Lanka. But it is maybe in India where the phenomena has most prominence today. The Indian government, for its part, has identified the Maoist insurgency as a leading domestic security concern and it is unclear how this insurgency will end.…
India will be test-bed for emerging market countries fighting Maoist insurgencies
By Raghavendra Verma, in New Delhi
India is the latest example of a country struggling against a Maoist insurgency fuelled by rural inequality, showing how emerging market governments worldwide risk harbouring violent rebel groups while promoting economic development.
In Peru, the notorious Maoist guerrilla group ‘The Shining Path’ continue operations, funded by the illicit drug trade, after a major insurgency in the 1980s and 1990s failed to achieve its political ends. In Nepal, an armed insurgency was successful, ending with a peace accord in 2006, its Communist Party of Nepal (Unified-Maoist) (CPN-UM) joining the country’s parliament and briefly leading its government.…
INDIA PUSH FOR ORGANIC FOOD EXPORTS
BY RAGHAVENDRA VERMA
INDIA will strongly promote the export of organic food items to European Union (EU), United States, Switzerland, Japan and South Korea, the country’s Agriculture and Processed Food Products Export Development Authority (APEDA) has announced. It wants to double exports from their current level of US$100 million in 2008.…
PAINT AND COATING SECTOR TO PROSPER FROM INDO-SOUTH KOREA TRADE DEAL
BY KEITH NUTHALL
THE PAINT and coating industry should prosper from a comprehensive new India and South Korea trade deal. It reduces or abolishes import duties on a wide range of exports from both countries. A regards India, it has promised to phase out many import 12.5% duties over six years for paints and coatings, including enamels, varnishes, and dispersion paints; and over nine years for some other products such as prepared driers and some emulsion paints.…
INDIA SEEKS TEXTILE INVESTMENT FROM EUROPE
BY RAGHAVENDRA VERMA
THE INDIAN government is launching a campaign to attract foreign investment from Europe for its textile and clothing industry. On October 26, its textiles minister Dayanidhi Maran along with a business delegation will make a nine-day visit to Switzerland, Italy and Turkey, followed by another trip to Germany and France in November.…
INDIAN PARTS MANUFACTURERS PREPARING TO TAP GLOBAL MARKETS
BY RAGHAVENDRA VERMA
INDIAN automobile component manufacturers, who have been catering to international car companies, are taking additional value out of the supply chain by getting involved in the designing of auto parts.
With strong engineering skills, design and development capability, Indian companies such as Tata AutoComp Systems, Sundram Fasteners and Bharat Forge, have established their own brand names and registered intellectual property rights for their products.…
BRIONI LAUNCHES SCENT AS IT PLOTS ASIAN EXPANSION
BY KEITH NUTHALL
ITALIAN luxury fashion house Brioni is launching a fragrance in London today (Oct 14), as its new CEO Andrea Perrone pushes ahead with expansion plans, especially in Asia. Perrone, nephew of company founder Gaetano Savini, assumed control of the company this July from a governing committee (which served upon).…
TOBACCO TRAVELLER - COLLECTION 2009 - EGYPT, TUNISIA, SYRIA AND IRAN
BY PAUL COCHRANE
EGYPT
Eastern Tobacco Company
450 Al Ahram Street, Giza
Tel : +20-18-5724711- 5724332 – 5724945
+20-23-5793326
www.easternegypt.com
British American Tobacco Egypt
City Stars Complex
Star Capital – Tower 4A
Omar Ebn El Khattab Street
Postal Code 11771
Heliopolis, Cairo
T: (+20) 2 480 1080
Japan Tobacco International (Regional)
2nd Floor, Lophitis Business Centre
249, 28th October Street & Emiliou Hourmouziou Corner
CY-3035, Lemesos
P.O.…
DEMAND FOR BAN ON SOUTH ASIAN COTTON EXPORTS
BY RAGHAVENDRA VERMA
AN INDIAN textile mills federation is demanding an immediate ban on cotton exports as weak production in the country is leading to a "grave situation" for industry supplies. The Southern India Mill Association says a delayed monsoon and heavy floods in many cotton growing areas may lead to a 10% lower output in the world’s second largest producer of cotton.…
ICAO PLANS GLOBAL SAFETY DATA LINK UP
BY KEITH NUTHALL
THE PRESIDENT of the council of the International Civil Aviation Organisation (ICAO) has unveiled an initiative to connect aviation safety databases worldwide. Speaking to a New Delhi symposium on India-Asia civil aviation cooperation, Roberto Kobeh González noted that information from aviation safety audits, accident investigations, flight safety analyses, independent reporting and research was collected widely.…
PHARMACEUTICAL SECTOR TO PROSPER FROM INDO-SOUTH KOREA TRADE DEAL
BY KEITH NUTHALL
THE PHARMACEUTICAL sector should prosper from a comprehensive new India and South Korea trade deal. It reduces import duties on a wide range of medicine exports from both countries. A regards India, it has promised to phase out its pharmaceutical import duties over seven years for penicillin, antibiotics, insulin, hormones, vitamins, antifungals, antihistamines, anticancer, TB, hypertension and many other medicines.…
GLOBAL OILSEEDS BUSINESS HITS CRISIS OVER EU ZERO-TOLERANCE GM CONTAMINATION RULES
BY ALAN OSBORN
A NEW crisis over the presence of genetically modified (GM) ingredients in food and livestock feed has once more focused attention on the European Union’s (EU’s) controversial GM policies. It has especially raised the spectre of job losses, farm bankruptcies and higher consumer prices if a relaxation of the current de facto zero tolerance restriction applying to unauthorised GM products is not agreed soon.…
HOW TO MEASURE BIOFUEL GREENHOUSE GAS EMISSIONS - A TOUGH TASK
BY KEITH NUTHALL
IT is a mind-bending question. How on earth, given the complexity and variety of available biofuels, their feedstocks and manufacturing processes, can their relative ‘green-ness’ be measured efficiently? But, to the delight of mathematicians and technical consultants the world over, this toughest of queries has to be answered.…
TATA STEEL EXPANDS AS IT FOCUSES ON INDIA'S GROWING AUTO SECTOR
BY RAGHAVENDRA VERMA
A CENTURY-OLD, India’s first steel plant set up by the industrial group of Tata in the eastern town of Jamshedpur (Jharkhand) is not only the leading supplier of high quality steel to the country’s auto industry, it is expanding.…
THE DANGERS OF DOING BUSINESS WITH BURMA
BY DINAH GARDNER
BURMA is both a dream and a nightmare for energy companies. First, it is undoubtedly resource rich. According to the BP Statistical Review, the country had 0.49 million cubic metres (17.5 trillion cubic feet) of proven natural gas reserves at the end of 2008, roughly the same as Vietnam.…
EIB PLANS INVESTMENT IN INDIAN BRANCH OF VW
BY KEITH NUTHALL
THE EUROPEAN Investment Bank (EIB) has announced it is lending Euro 100 million to Volkswagen India Private Ltd, a subsidiary of Germany’s Volkswagen Group, to part-finance expansion of its new car manufacturing facility in the western India state of Maharashtra.…
DYING SECTOR TO PROSPER FROM INDO-SOUTH KOREA TRADE DEAL
BY KEITH NUTHALL
THE TEXTILE and clothing dying and finishing sector should prosper from a new India and South Korea trade deal. It reduces import duties on exports from both countries of dyes, other chemicals, textile and clothing machinery and finished clothes.…
OIL AND GAS SECTOR TO PROSPER FORM INDO-SOUTH KOREA TRADE DEAL
BY KEITH NUTHALL
THE OIL and gas sector should prosper from a new India and South Korea trade deal. It confirms various market access commitments, such as supplying oil pipelines and employing South Korean or Indian oil engineers. It also reduces mutual duties for petroleum oils, LNG, biofuel feedstocks such as palm oil, vegetable oil, and other industry products.…
COSMETICS SECTOR TO PROSPER FROM INDO-SOUTH KOREA TRADE DEAL
BY KEITH NUTHALL
THE PERSONAL care product sector should prosper from a new India and South Korea trade deal. It reduces import duties on exports from both countries of cosmetics, scents, personal soaps and chemical ingredients. Assuming it is ratified, South Korea has promised to phase-out duties over five years on Indian exports of most cosmetics, shampoos, hair creams perfumes and toilet waters; erasing them upon ratification for eye make-up, lipstick, hair lacquers and rinses.…
PUBLISHING SECTOR TO PROSPER FROM INDO-SOUTH KOREA TRADE DEAL
BY KEITH NUTHALL
THE PUBLISHING sector should prosper from a new India and South Korea trade deal, the latest major bilateral agreement made while the World Trade Organisation struggles to frame a universal treaty on liberalising commerce. This agreement between New Delhi and Seoul reduces import duties on exports traded between both countries of books and publishing materials.…
SOUTH KOREA COSMETICS - A BOOMING MARKET, BUT A LOCALLY-SPECIFIC ONE
BY ANDREW SALMON
AFTER passing the fortress-like medieval gate of Namdaemun, visitors enter central Seoul’s traditional shopping quarter: a jumbled maze of stalls and alleyways. A 15-minute walk through the raucous bustle of this 600-year old market, leads to its modern equivalent: The neon-lit, pedestrianised square mile of Myeong Dong.…
GUINNESS RECORD BREAKING INSPIRES MASSIVE SOUTH ASIAN TREE PLANTINGS
BY KEITH NUTHALL
CONTESTS between India and Pakistan to set the Guinness World Record for hand-planting trees in one day is leading to millions of trees being planted in a region where deforestation has been a serious problem.
The efforts are being noted by the UN Environment Programme’s (UNEP) ‘Billion Tree Campaign’ which has a target of planting 7 billion trees worldwide by this December.…
EL NINO NOT EXPECTED TO HIT ROBUST INDONESIAN AND MALAYSIAN PALM OIL SECTORS
BY WILL ROBERTSON, MARK ROWE and KEITH NUTHALL
THE ROBUST nature of the southeast Asian palm oil industry has been illustrated by the way the market has remained strong despite both the global recession and the arrival of weather phenomenon El Nino this year and its attendant drought conditions.…
INCREASE IN COUNTERFEIT MEDICINES WARNING
BY KEITH NUTHALL
THE EUROPEAN Commission has warned that the amount of counterfeit medicines being smuggled into the European Union (EU) is increasing sharply. In its latest report on fake products, it warns that when compared to 2007, there were 57% more interventions by EU customs teams to seize counterfeit drugs, and a "remarkable" 118% increase in the number of fake medicines seized – to 8.8 million items.…
LOCAL PRODUCTION AND RECESSION MAKES UAE RECOVERED STEEL MARKET A TOUGH NUT TO CRACK
BY PAUL COCHRANE
OVER the past five years steel production has struggled to keep pace with demand in the Gulf, particularly the United Arab Emirates (UAE), as hundreds of billions of dollars worth of construction projects sprung up in the desert.…
INDIAN AND SOUTH KOREA AUTO EXECUTIVES STUDY NEW TRADE DEAL FOR ADVANTAGE
BY RAGHAVENDRA VERMA and KARRYN MILLER
AUTOMOBILE executives in South Korea and India are busy analysing the detail of a freshly inked Comprehensive Economic Partnership Agreement (CEPA) between the South Korean and Indian governments. The initial impact remains unclear but it is likely that early beneficiaries will be South Korean-owned auto plants in India who will be able to import some key parts more cheaply, because of some handy duty cuts.…
LATEST STATE OF PLAY IN BANGLADESH'S LONG STALLED INSTALLATION OF NUCLEAR POWER
BY MARK GODFREY
THE NUCLEAR power authorities of Bangladesh deny they have reached terms with Russia’s Rosatom atomic energy corporation, despite Russian claims that it had secured the deal to build Bangladesh’s long-planned nuclear plant. Mohammed Muzammel Haque, chief engineer at the Bangladesh Atomic Energy Commission (BAEC), claims Bangladesh has opted to build a 1,100 MW plant.…
STREET NAMED 'CHARTERED ACCOUNTANTS LANE' IN NEW DELHI'S ACCOUNTING QUARTER
BY RAGHAVENDRA VERMA
A STREET in India’s capital Delhi has been named ‘Chartered Accountants’ Lane’ to recognise that its area is home to majority of the city’s chartered accountancy students and the offices of around 5,000 qualified accountants. An Indian accounting quarter in Delhi has emerged in east Delhi because accountants have wanted to work near a cluster of important institutions such as the income tax department of the finance ministry, company registration offices, the Delhi sales tax office and the Institute of Chartered Accountants of India itself.…
GLOBAL: Political runes support 2010 WTO deal liberalising global higher education
By Keith Nuthall
The diplomatic stars are lining up for a World Trade Organisation (WTO) deal at the Doha Development Round next year, which could significantly liberalise access to higher education markets round the globe.
Detailed talks have now restarted on the lynchpin agricultural portion of the round, which must succeed if there is to be a deal on updating the general agreement on the trade in services (GATS), which covers higher education.…
INDIAN DRINKS INDUSTRY EXPANSION FUELS ARGUMENTS OVER SUPPLY CHAIN SUSTAINABILITY
BY RAGHAVENDRA VERMA
INDIAN environmentalists and farmers’ groups are warning major drinks companies that by transforming the country’s horticulture patterns and changing its existing fruit supply chain they are playing with fire.
New Delhi-based environmental activist Vandana Shiva is far from unusual in arguing swift social and economic change caused by large scale earmarking of primary production could cause unrest.…
GREEN REGULATION OF AUTO SECTOR SPREADS AND DEEPENS WORLDWIDE
BY ALAN OSBORN, in London; RUSSELL BERMAN, in Washington DC; JULIAN RYALL, in Tokyo; RAGHAVENDRA VERMA, in New Delhi; BY WANG FANGQING, in Shanghai; EMMA JACKSON, in Ottawa; KARRYN MILLER; and KEITH NUTHALL
THE AUTOMOBILE sector maybe one of the most globally integrated manufacturing industries on the planet, but national governments (or continental bodies in Europe) still hold sway regarding regulation.…
BRUSSELS AND WASHINGTON HIT STALEMATE OVER FURTHER OPEN SKIES DEAL
BY ALAN OSBORN
THESE are uncertain times for international aviation deals generally thanks to the global recession, but nowhere is the situation more fraught than in Washington where negotiations for the second stage of the 2007 ‘open skies’ agreement between the European Union (EU) and the USA appear to have run into the buffers.…
CHINA'S DAIRY CONSUMPTION IS REBOUNDING FASTER THAN EXPECTED, THANKS TO MARKETING SPEND, GOVERNMENT PUSH
BY MARK GODFREY
RECOVERING from last year’s disastrous melamine poisoning scandal, China’s dairy sales rose 12.4% in the first quarter of 2009, compared to figures for the last quarter of 2008 according to Rabobank. The Yili Group, China’s second-largest dairy producer, announced first quarter 2009 profits of US$19.5 million – double what it earned in the previous quarter.…
GLOBAL FOOD COMMODITY PRICE VOLATILITY HERE TO STAY
BY ANDREW CAVE
Food commodity prices are seldom out of the news nowadays, due to a mushrooming global population, the food-for-fuel controversy, an increasing focus on sustainability and the continued growth of the organic sector. However, beyond the generality of crop prices spiralling to new highs in 2007 and 2008 and then plummeting – in some cases – back to where they were before the boom, the picture is far from uniform.…
COPENHAGEN SUMMIT OFFERS TECHNOLOGY TRANSFER OPPORTUNITIES FOR POWER PRODUCERS
BY KEITH NUTHALL
THERE is a sense, in the rivers of documents pouring from international talks to replace the Kyoto Protocol with a new global warming treaty in Copenhagen this December that the chickens are really coming home to roost.
For the first time – at July’s G8 summit in Italy – there was a common near-universal declaration that humankind has been messing up the climate and has to stop filling the atmosphere with carbon dioxide and other greenhouse gases.…
INDIAN POLICE SECURE AUTHORITY TO CONDUCT BRAIN SCANS ON SATYAM SUSPECTS
BY RAGHAVENDRA VERMA
THE KEY accused suspects in India’s US$1 billion-plus Satyam Computer Services fraud ex-chairman Ramalinga Raju along with his brother Rama Raju and former CFO Vadlamani Srinivas have been ordered to undergo lie-detector and brain-mapping tests by a local court in Hyderabad.…
SCANT INTERNATIONAL MONEY LAUNDERING STANDARDS EXIST FOR STOCK EXCHANGE LISTING CONTROLS
BY ANDREW CAVE
WHO regulates money laundering at the stock exchange listings of companies around the world? If this is a beguilingly simplistic question, then the answer is anything but.
The reply depends not only upon which country one is referring to but also on which companies list in which market and in which stock exchange sector.…
INDIA STARTS TO DEVELOP INTEGRATED FASHION SECTOR WITH GLOBAL PUNCH
BY RAGHAVENDRA VERMA
STANDFIRST
The Indian clothing sector is emerging from its traditional image as an outsourcing-hub image and establishing its own brands that sell modern design and high quality garments in the international market. A resurgent economy still growing during the current global economic downturn and the official encouragement of entrepreneurial freedom have brought forward talented designers to challenge established names in the business.…
UNIDO PUSHES AHEAD WITH DEVELOPING COUNTRY HYDROGEN INITIATIVE
BY KEITH NUTHALL
THE UN Industrial Development Organisation (UNIDO) is spreading hydrogen fuel technologies in developing countries through an International Centre for Hydrogen Energy Technologies. This Turkey-funded project is funding development, training, and pilots, mainly in India, South Africa, south Pacific islands, plus Turkey.…
INDIA: Scandal encourages university review
By Raghavendra Verma
India’s newly re-elected Congress Party-lead government has been rocked by a higher education scandal that has forced the new Human Resource Development Minister Kapil Sibal to take radical steps. After a meeting with University Grants Commission (UGC) officials, he has ordered that the so-called ‘deemed university status’ awarded to 125 tertiary education institutions be reviewed, with all pending requests to assume this status be shelved.…
SWITZERLAND: Business skills course for international organisations
By Alan Osborn
A Swiss university is offering a course designed to train professionals for careers in international organisations and agencies.
Increasingly, decisions affecting the global economy, international security, the environment and even health and social matters, are being devised and put into effect by multilateral institutions, both governmental and non-governmental.…
SOUTH AFRICA: Major new broadband cable benefits universities
By Bill Corcoran
Confirmation that critical portions of the new Seacom 17,000km undersea fibre optic cable linking Africa to Europe and India have been completed marked a momentous occasion for people involved in tertiary education in South Africa.
As universities around the world have become used to fast and affordable internet access that handles large volumes of data, South Africa’s higher education institutions have been left to languish in the connectivity dark ages due to a lack of telecommunications infrastructure.…
SAUDI ARABIA'S WISH FOR LONG-TERM HIGHER OIL PRICES MAY JUST COME TRUE
BY PAUL COCHRANE
WITH a quarter of the world’s reserves the Kingdom of Saudi Arabia is the most influential member of OPEC and able to put an extra two million barrels of oil on the international markets within days. But the kingdom is notoriously opaque about its oil policy and reserves, with decisions made at the highest level by the ruling House of Saud.…
DIPLOMATIC ROW ERUPTS OVER EU GENERIC MEDICINE IMPORT CONTROLS
BY KEITH NUTHALL
A GROUP of emerging market countries led by Brazil and India has complained at the World Trade Organisation (WTO) about allegations that the European Union (EU) has been unfairly detaining transit shipments of generic medicine exports. Speaking to the WTO’s trade related aspects of intellectual property rights (TRIPs) committee, Brazil and India (backed by China and others) said delays were common.…
PAKISTAN STRUGGLES THROUGH ADVERSITY TO DEVELOP ITS OIL AND GAS RESOURCES
BY SAEED AKHTAR BALOCH and KEITH NUTHALL
IT is simple: when a country has political and civil turmoil, fighting a small civil war, hydrocarbon production will suffer. Indeed Pakistan’s oil and gas industry is not doing well, with oil and gas production already declining in 2008.…
INDIA MAY SUSPEND SUGAR DUTIES
BY KEITH NUTHALL
THE INDIAN government is considering suspending sugar import duties, New Delhi newspapers have been reporting in June. This reflects concern about falling Indian sugar production, and a 27% rise in domestic prices this year.
ENDS…
WAL-MART STARTS CASH AND CARRY OPERATIONS IN INDIA
BY RAGHAVENDRA VERMA
THE LONG wait for Wal-Mart’s entry into India is finally over. A joint venture formed by the American retail giant and India’s Bharti Group opened its first store at the end of May in the Sikh holy town of Amritsar, Punjab.…
SATYAM AUDITORS CHARGES CONFIRMED BY POLICE IN INDIAN COURT
BY RAGHAVENDRA VERMA
THE AUDITORS caught up in India’s Satyam scandal have been charged with the offence of luring investors to buy shares of the company by "knowingly certifying forged and inflated balance sheets".
These crimes alleged against PricewaterhouseCoopers’ Subramani Gopalakrishnan and Talluri Srinivas have been detailed in a written submission by the Central Bureau of Investigation (CBI) of India made to the High Court in the state of Andhra Pradesh.…
WORLDWIDE FINANCIAL INTELLIGENCE UNITS MOVE TOWARDS OPERATIONAL ROLE AND AWAY FROM POLICY
BY ALAN OSBORN, LUCY JONES, RAGHAVENDRA VERMA, JULIAN RYALL, and KARRYN MILLER
THERE are 108 recognised Financial Intelligence Units (FIUs) throughout the world and more are being created every year as the fight against international money laundering becomes ever more global.…
Indian economy's key role in global recovery boosted by Congress victory
By Raghavendra Verma, in New Delhi
The recent victory of the Congress party in the Indian general elections is a positive signal for international business and diplomacy. Prime Minister Manmohan Singh has a good chemistry with many world leaders and has aptly stuck to his international commitments in the past - the successful implementation of the Indo-US deal on nuclear power is an example.
The most important aspect of Congress’ re-election has been its much more comfortable position in the new parliament, eliminating the need to seek support from rigid and obstructive communist parties. During the last five years India has moved forward in opening its economy, but the last government’s speed and the level of engagement was restricted due to threats by powerful left-wing allies of necessity.…
BRUSSELS RAISES CONCERNS ABOUT EFFECTIVENESS OF PRODUCT ALERT SYSTEM
BY KEITH NUTHALL
THE EUROPEAN Commission has raised concerns about the effectiveness of the European Union’s (EU) RAPEX rapid alert consumer protection service that highlights dangerous products – often clothing and textile containing illegal dyes banned in the EU. Although the system swiftly alerts consumer protection authorities within the EU’s 27 countries, it has encountered difficulties in tracing original manufacturers outside the EU, warned a Commission report.…
DRINKS COUNTERFEITING POSES HEALTH RISKS TO CONSUMERS
BY KEITH NUTHALL
COUNTERFEITERS often claim their crime is victimless – the only losers are rich corporations who enjoy healthy profits anyway from their brands. But what if you drink the fake, and it kills you? It happens, Keith Nuthall explores the murky world of drinks counterfeiting.…
SCIENTIFIC DEVELOPMENT IN EMERGING ECONOMY AND POORER COUNTRIES BECOMES INCREASINGLY UNEVEN
BY KEITH NUTHALL
IT has long been outmoded and inaccurate to split the world into two camps: industrialised developed economies, and largely agricultural developing countries. The growth of the 1990s and the current decade means there is a wide range of social and economic sophistication and wealth amongst the poorer of these two old-fashioned categories.…
BANGLADESH AUTO SALES LEVEL OFF BUT EXPECTED TO REBOUND
BY MARK GODFREY
AUTOMOBILE sales are down slightly this year in Bangladesh, after a decade of dramatic growth in vehicle ownership. Fluctuating orders for the country’s export-dependent garments industry is depressing sales of vehicles, commented Shah Khaled Pavel, assistant manager for sales at Navana Ltd, Bangladesh’s largest dealership for new Toyota cars.…
IRAN STILL INTERNATIONAL PARIAH OVER MONEY LAUNDERING REGULATIONS
BY PAUL COCHRANE
IRAN has been under international financial and other trading scrutiny since the Islamic revolution 30 years ago, with sanctions by the United States tightened under the Clinton administration through the Iran-Libya Sanctions Act. And since Iran’s decision to embark on a nuclear programme, US sanctions have intensified, but in the face of such restrictions Iranian banks and individuals are increasingly using joint venture banks in the Middle East and South America to bypass scrutiny.…
INTERNATIONAL BUSINESS LEADERS PUSH FOR GOVERNMENT CORRUPTION ACTION
BY KEITH NUTHALL
IN another sign of attitude shifts towards global standards on commercial crime, a group of international business leaders have called on governments to do more in fighting corruption. Executives from 27 companies ranging from Britain’s Anglo American and Sweden’s IKEA, to EADS France, the USA’s General Electric Company and India’s Tata signed the letter to UN Secretary-General Ban Ki-moon.…
INDIAN POLICE AGENCY REVEALS DETAILS OF SATYAM ACCOUNTING FRAUD
BY RAGHAVENDRA VERMA
THE CENTRAL Bureau of Investigation (CBI) of India has revealed details of the fake invoicing system abused at Satyam Computer Services Ltd as part of the US$1 billion-plus fraud rocking the company. Documents released to the general public in India have showed how allegedly corrupt executives subverted the company’s standard billing systems for emergency invoices to regularly generate "false invoices to show inflated sales".…
INDIA'S PERSONAL CARE SECTOR THRIVES DESPITE THE RECESSION
BY RAGHAVENDRA VERMA
INDIA’S cosmetics industry appears to have taken the international economic downturn in its stride as the US$950 million market grew by more than 15% in 2008-09, according to the Confederation of Indian Industries (CII).
All the major brands speaking to Soap Perfumery & Cosmetics are registering a positive growth and companies remain confident about the future prospects.…
BANGLADESH DYE MARKET GROWS - BUT LOCAL PRODUCTION LAGS BEHIND
BY MARK GODFREY
INVESTMENT in Bangladeshi dyeing capacity appears stalled as growth in the country’s garment exports slows. Prices for imported dyes are also dipping. Yet given long-term steady growth expected in the country’s apparel industry, there are opportunities for dye importers.…
INTRODUCTION - RENEWABLE ENERGIES FORGE AHEAD - BUT FROM A LOW BASE
BY KEITH NUTHALL, LEAH GERMAIN and MONICA DOBIE
MAYBE the best sign that renewable energies have hit the mainstream is that they now have their very own international organisation: the International Renewable Energy Agency (IRENA). Launched in Bonn, Germany, this January, with the support of 76 countries, including its host nation, Spain, Italy, France and Sweden, the roster of signatory nations has since been swollen by India and Belarus.…
TOUGHER LAWS NEEDED TO FIGHT CONSTANTLY ADAPTING DRINKS COUNTERFEITERS
BY KEITH NUTHALL and EMMA JACKSON
COUNTERFEITERS often claim their crime is victimless – the only losers are rich corporations who enjoy healthy profits anyway from their brands. But tell that to the families of the 1,069 duped Moscow consumers who died after becoming intoxicated by counterfeit alcoholic beverages in the city during 2008, according to the Russian capital’s board of health.…
INDIA'S TOBACCO SECTOR IS STILL A GIANT, DESPITE ATTACKS ON SMOKING BY ITS GOVERNMENT
BY RAGHAVENDRA VERMA
INDIA’S US$12.4 billion annual turnover tobacco industry is passing through a difficult period, with little hope for a better future, despite its continued large size – this estimate coming from the Tobacco Institute of India for sales of all tobacco products, chewing tobacco and beedis.…
SEVEN MACRO TRENDS IN THE TEXTILES AND APPAREL INDUSTRY 2008
BY LEE ADENDORFF
IF there was a year when long-term textile and clothing market forecasters missed by a mile, 2008 was it. Forecasts made in 2007 were dominated by looming concerns about trade restrictions, investment in technology, a potential slow-down of production and a consolidation of business investment but no one predicted what devastating effects an unexpected recession would have on the textiles and apparel sector.…
BANGLADESH KNITWEAR SECTOR REMAINS STRONG DESPITE GLOBAL RECESSION'S CONTINUED PRESSURE
BY MARK GODFREY
WITH the global recession raging across most of the world, Bangladesh’s knitwear sector is maintaining a strong commercial position and looks better geared to survive the economic downturn than some of its regional competitors. Orders have only dipped marginally say local knitwear producers.…
USE OF BIOFUELS GROWING IN GLOBAL AVIATION
BY KARRYN MILLER
"THE STONE Age did not end for lack of stone, and the oil age will end long before the world runs out of oil," said Sheik Ahmed Zaki Yamani in 2003, former oil minister of Saudi Arabia. Six years on Mr Yamani’s words appear to ring true more than ever before – with alternative fuels becoming a viable petroleum substitute.…
PWC SATYAM SCANDAL AUDITORS CHARGE SHEET FILED IN INDIAN COURT
BY RAGHAVENDRA VERMA and KEITH NUTHALL
A CHARGE sheet has been filed by India’s Central Bureau of Investigation (CBI) against the key figures involved in the Satyam scandal, including the two PricewaterhouseCoopers (PWC) partners caught up in the affair. The CBI has confirmed that charges have been filed at a court in Nampally, Hyderabad, naming "Sri S.…
INDIA'S PAINT AND COATINGS SECTOR EMERGING QUICKLY FROM GLOBAL RECESSION
BY RAGHAVENDRA VERMA
THE INDIAN paint and coating industry is currently passing through a significant transitional phase – being forced to shift its production from solvent-based to water-based products. The high crude oil prices in 2008 so increased the cost of raw materials that despite the fall in prices from last summer, many paint manufacturers have had little option but to move away from oil-based coatings.…
EIB RELEASES ANOTHER TRANCHE OF MONEY FOR EUROPEAN AUTO MAKERS
BY KEITH NUTHALL
EUROPE’S auto sector has today been promised another cash injection from the European Investment Bank (EIB), which has emerged as the European Union’s (EU) key weapon to help the sector stave off the recession.
The EU-run financing institution’s board of directors today (Tuesday) approved loans to Europe-based car makers worth Euro 866 million to help them design and build cleaner cars with lower CO2 emissions.…
THE TALE OF HOW A BILLION DOLLAR FRAUD WOUNDED AN INDIAN CORPORATE GIANT
BY RAGHAVENDRA VERMA
THE BILLION US dollar scandal involving India’s Satyam Computer Systems has been an extreme case of corporate fraud illustrating sheer brazenness and masterful avoidance of regulatory checks and balances. Raghavendra Verma outlines its misdeeds and reports on its criminal investigation from New Delhi.…
TOUGHER LAWS NEEDED TO FIGHT CONSTANTLY ADAPTING DRINKS COUNTERFEITERS
BY KEITH NUTHALL and EMMA JACKSON
COUNTERFEITERS often claim their crime is victimless – the only losers are rich corporations who enjoy healthy profits anyway. But tell that to the families of 1,069 duped Moscow consumers who died after becoming intoxicated by counterfeit alcoholic beverages in the city during 2008, according to the city’s board of health.…
PWC STAND BY ACCUSED ACCOUNTANTS
BY RAGHAVENDRA VERMA
PricewaterhouseCoopers is standing by its partners who have been caught up in India’s Satyam Computer Services scandal, despite them being formally charged by India’s Central Bureau of Investigation (CBI). In a statement released today, Price Waterhouse India (the company’s name in India) said it was "disappointed" that the two partners who worked on the audit of Satyam’s financial statements have again been denied bail.…
GLOBAL: ETHICS GAINING MOMENTUM IN ACCOUNTING CLASSES
By Emma Jackson
As the recession digs deeper and major accounting scandals bubble to the surface, business and accounting teaching and training programmes across the globe are scrambling to endow a sense of ethics in their students.
Ethics have been largely ignored in many prestigious business schools, says one accountings professor at Australia’s Deakin University, Steven Dellaportas, who argues students aren’t equipped to deal with ethical dilemmas.…
ASIAN ACCOUNTING EXPERTS RESPOND TO G20 GLOBAL FINANCIAL REGULATION REFORMS - INDIA
BY RAGHAVENDRA VERMA
"It is a damage control exercise after the disaster has occurred", that is how Amarjeet Chopra, president of Indian Accounting Standards Board (IASB) described the G20 communiqué on strengthening the financial system. Though he welcomed it as a step in right direction, he claimed it was too general in nature.…
G20 should stop protectionists deepening recession
By Thompson Ayodele, in Lagos
As the Group of 20 top industrialised and developing economies prepared to meet in London, UN Secretary General Ban Ki-Moon warned them that "the economic crisis may soon be compounded by an equally severe crisis of global instability." A key problem is that trade is deteriorating every day and political pressures demand import restrictions to protect employment. This is no way out: such protectionism would make this particular depression ‘Great’.
Everyone says trade is the best way out – but on their own terms: last November, the G20 leaders signed a pledge against protectionism yet, in the second half of 2008, 17 out of the G20 passed 47 restrictions of trade, the World Bank claims. …
OMAN PLOTS MAJOR EXPANSION OF AIRPORT SECTOR
BY PAUL COCHRANE
THE SULTANATE of Oman has earmarked billions of dollars to build six new airports and expand its existing international airports of Muscat and Salalah.
This Arabian country of 3 million people has the least developed aviation sector of the Gulf Cooperation Council (GCC) member states and this dramatic increase in capacity forms part of a diversification strategy away from energy – which accounts for an estimated 75% of government revenues.…
VIETNAM PAINT SECTOR HOLDS FIRM AMIDST GLOBAL ECONOMIC GLOOM
BY MARK ROWE
DESPITE the gathering storm of global economic recession, the Vietnamese paint industry has so far turned in a reasonably strong performance through 2009. Projected growth of 8.1% for the whole of 2009 – made by Vietnam’s General Statistics Office (GSO) back in November 2008, now looks slightly optimistic, but the reality may not be too far from that figure, suggest experts.…
SRI LANKA LEAVING NO STONE UNTURNED TO ENSURE MAXIMUM SECURITY AT ITS AIRPORT
BY MUNZA MUSHTAQ
As Sri Lanka’s military makes its final thrust against the Liberation Tigers of Tamil Eelam (LTTE), the country’s government is trying hard to ensure the safety of its only international airport and its passengers, because of an enduring risk of attack from the separatist group.…
INTRODUCTION - NUCLEAR ENERGY ANSWERS ITS CRITICS
BY KEITH NUTHALL, EMMA JACKSON and ALAN OSBORN
IN the early 1990s the nuclear power industry faced a bleak outlook. High profile accidents such as in Chernobyl and Three Mile Island in, Pennsylvania, the USA, had raised public concern about the safety of the industry to all time high.…
NEW SATYAM CEO SAYS SCANDAL 'PROBABLY THE HANDIWORK OF A FEW'
BY RAGHAVENDRA VERMA
THE NEW CEO of India’s Satyam Computer Services has said he is confident the recent scandal that devastated his company was "probably the handiwork of a few individuals, acting in isolation." Speaking to Accountancy Age, Achutuni Sreenivasa Murty, 52, also stressed "the fraud was complex and caught everyone unaware," despite being "a company audited by one of the Big Four auditing firms".…
ITER STARTS WORK IN EARNEST: MILLIONS OF EUROS AVAILABLE FOR ITS NUCLEAR FUSION RESEARCH
BY KEITH NUTHALL, EMMA JACKSON and ALAN OSBORN
DESPITE widespread initial scepticism about its viability, the ITER project to build the world’s first commercial nuclear fusion reactor is now under way. It is employing specialists (nearly 300 staff and rising at the end of 2008); releasing Euro millions in research and procurement funding; and in November of last year moved into its headquarters, in Cadarache, southern France, which is where the first nuclear fusion reactor will be built on a 180 hectare site.…
INTERNATIONAL MERCURY CONVENTION TO BE NEGOTIATED
BY KEITH NUTHALL
GLOBAL negotiations are to be launched on forging an international legal agreement to control mercury. The talks will be convened by the United Nations Environment Programme (UNEP) starting with an intergovernmental meeting that it will summon later this year.…
CHINA SPEEDS UP NUCLEAR POWER PROJECTS
BY WANG FANGQING
THE GLOBAL recession has forced China, whose economy relies largely on exports, to turn to boosting its domestic economy with a budget as huge as four trillion Chinese Yuan – RMB (US$ 585 billion) being unveiled last November by the central government.…
SRI LANKA LEMON PUFF BISCUIT ALERT ISSUED
BY KEITH NUTHALL
THE EUROPEAN Commission has issued a European Union (EU)-wide alert about the discovery of melamine contamination in lemon puff biscuits from Sri Lanka. The warning was made via the EU’s RASFF food safety alert system. This network also recently warned about the discovery in Finland of aflatoxins in groundnut kernels imported from Germany, originally grown in India.…
CLOTHING AND TEXTILE SUBSIDIES - UNDER PRESSURE, BUT STILL AVAILABLE
BY ALAN OSBORN, LUCY JONES and KEITH NUTHALL
INTRODUCTION
CLOTHING and textile production and trade subsidies are under pressure today, as they have not been for many years. There has been a steady trend towards liberalisation in the sector worldwide, stemming from the abolition of the World Trade Organisation’s (WTO) Agreement on Textiles and Clothing (ATC) in January 2005 and with it, then end of restrictive quotas for imports for the WTO’s 152 member countries.…
GLOBAL CEREAL SUPPLIES SHOULD FALL IN 2009 SAYS FAO
BY KEITH NUTHALL
A GLOBAL reduction in cereal output is predicted in 2009 compared to 2008’s record levels, the UN’s Food & Agriculture Organisation (FAO) has predicted. Falling prices has led to smaller plantings in Europe and the United States, while drought has hit winter wheat production in China and India.…
INDIA'S IT SECTOR PLOTTING CORPORATE GOVERNANCE REFORMS BENEFITING FORENSIC ACCOUNTANTS
BY RAGHAVENDRA VERMA
THE SATYAM Computers scandal has prompted India’s dominant IT and outsourcing sector to plot a corporate governance scheme that would promote the use of forensic accountants in the industry.
Mayur Joshi, founder and CEO of Indiaforensic Consultancy Services, claims that the trade body of India’s IT industry Nasscom is planning to beef up its due diligence accounting guidelines that would effectively "entrust the task of detecting and preventing the fraud to the forensic accountants".…
BIOFUELS POSE RISK TO BIO-BASED OILS AND FATS TREND IN COSMETICS SECTOR
BY MARK ROWE
FOR the past 10 years, the message from the environmental movement has been "biofuels good, fossil fuels bad". And the search for alternatives has exercised many industries, not least the cosmetics sector, which widely uses mineral oils, but has increasingly been looking for ways to use bio-based oils and fats.…
KPMG AND DELOITTE APPOINTED TO CLEAN UP SATYAM ACCOUNTS
BY RAGHAVENDRA VERMA
THE CLEANING up process of the accounts of scandal-hit India IT company Satyam has now begun and could take more than six months. KPMG and Deloitte have been mandated by the IT company’s new central government-appointed board to scrutinise its accounts.…
JAILED PWC SATYAM PARTNER ACCUSED OF PROFESSIONAL MISCONDUCT
BY RAGHAVENDRA VERMA
ONE of the Indian PricewaterhouseCoopers (PwC) partners who has been arrested over suspicions of involvement with the Satyam Computer Services accounting scandal has now being found guilty of professional misconduct in another case by the disciplinary committee of the Institute of Chartered Accountants of India (ICAI).…
PROFESSIONALISATION OF AML SERVICES SPREADING TO KYC OPERATIVES IN CUSTOMER SERVICE
BY ALAN OSBORN
ONE of the most striking developments in the fight against money laundering over the past 10 years has been the growing sophistication and alertness of traditional bank clerks and other comparatively low level financial service company staff in the detection of suspicious activity and the vetting of new clients.…
COMPANY REFORM HAS HELPED SHISEIDO GET IN SHAPE FOR THE RECESSION
BY JULIAN RYALL
WHILE other companies are suddenly looking to cut overheads, trim the fat from their operations or find other ways to batten down the hatches to survive the global economic turmoil, Japanese cosmetics giant Shiseido Co. claims it sees the downturn as an opportunity.…
DEVELOPING WORLD POTATO BOOM THREATENED BY RECESSION
BY KEITH NUTHALL
POTATOES have become a lucrative cash crop for many developing countries, but this boom may shudder to a halt because of the credit crunch and its spawn, the global recession. UN Food & Agriculture Organisation (FAO) statistics in a report ‘New light on a hidden treasure’ claim the potato has become the world’s number one non-cereal food crop, with global production reaching a record 325 million tonnes in 2007: more than half in developing countries.…
New Kyoto Protocol talks will be key 2009 focus
By Eric Lyman, in Poznan, Poland, for ISN Security Watch
As countries battle to come up with a plan to limit greenhouse gas emissions in 2009, attention will almost surely begin to focus on two main players that hold the fate of the international process in their hands: the US and China.
December’s United Nations negotiations on climate change in Poznan, Poland, concluded with relatively little progress. Delegates voted to activate a fund to help poor countries adapt to the changing climate, for example, but they did not approve a mechanism to put cash in the fund.…
EUROPE: Five year research cooperation deal struck between India and EU
By Keith Nuthall
European Union (EU) ministers have approved another five years of research cooperation between the EU and India.
The EU’s Council of Ministers has approved a formal agreement that will encourage joint research projects, exchanges of scientists and also of information and inventions.…
INDIAN AUDIT PROFESSION REELS IN FACE OF SATYAM SCANDAL
BY RAGHAVENDRA VERMA and KEITH NUTHALL
THE SECURITIES and Exchange Board of India (SEBI) has been allowed to interrogate Satyam Computer Services founder B. Ramalinga Raju and his brother B. Rama Raju over an unprecedented INDRupees 70 billion (US$1.4 billion) accounting fraud.…
AZERBAIJAN QUIETLY STOKES ITS STRENGTH IN GLOBAL OIL AND GAS MARKETS
BY MARK ROWE
THE RUSH to tap the oil and gas riches of the Caspian Sea has seen governments, the European Union (EU) and producers shuttling back and forth between the major players in the region, Kazakhstan, Turkmenistan, Uzbekistan and Azerbaijan.…
BRITAIN INTRODUCES WHO SURGICAL SAFETY CHECKLIST
BY ALAN OSBORN and MONICA DOBIE
A SIMPLE surgical checklist to be introduced by the National Patient Safety Agency (NPSA) for major operations in the UK from February 2010 has been welcomed by Diane Gilmour, president of the Association for Perioperative Practice (AFPP).…
INDONESIA PAINT INDUSTRY SET FOR GROWTH ONCE WORLD ECONOMY RECOVERS
BY MARK ROWE
INDONESIA’S paint industry appears likely to weather the worst of the global economic downturn. Indeed, Indonesia may be one of the few major countries where sales of paint for industrial and domestic use will rise. In January 2009, Indonesian President Susilo Bambang Yudhoyono forecast economic growth of 6.2% for the year in a budget that revealed capital spending plans that were 14.3% up on 2008.…
FABINDIA MOVES ON UK WOMENSWEAR COMPANY EAST
BY RAGHAVENDRA VERMA
INDIAN garment retailer Fabindia has acquired 25% stake in UK’s bohemian womenswear vendor EAST with an option to obtain total control within three years. A company spokesman told just-style that, "there are similarities in the approach and sourcing (between the two companies) and that is what we are looking forward to."…
TANKER RECYCLING STILL A DANGEROUS AND DIRTY BUSINESS, DESPITE INTERNATIONAL ACTION
BY RAGHAVENDRA VERMA, in New Delhi; and KEITH NUTHALL
AN INTERNATIONAL conference took place this month in Hong Kong (May 11-15) and adopted a new International Maritime Organisation (IMO) convention on globally applicable ship recycling regulations for international shipping, including oil and gas tankers.…
SENIOR INDIAN TEXTILE EXECUTIVE CALLS FOR TARGETED SUPPORT FOR INDIAN TEXTILE AND CLOTHING SECTOR
BY RAGHAVENDRA VERMA
THE INDIAN textile and clothing industry is striving to make its own at least 10% of China’s annual garment export hail of US$115 billion: "This is not difficult to achieve because of cost factor and various other reasons", said Darshan Lal Sharma, managing director of Vardhman Yarns & Threads and a member of the Confederation of Indian Industry’s (CII) national committee on textiles.…
EU MINISTERS APPROVE INDIA SUGAR DUTY LEVELS
BY KEITH NUTHALL
EUROPEAN Union (EU) ministers have approved import quota and tariff levels for cane sugar shipped from India until 2009. The deal has been written into the EU’s sugar agreement with African, Caribbean and Pacific (ACP) states.
http://register.consilium.europa.eu/pdf/en/08/st14/st14962.en08.pdf
ENDS…
GULF STILL A MAJOR MARKET FOR BIO-BASED OILS AND FATS, DESPITE GLOBAL ECONOMIC DOWNTURN
BY PAUL COCHRANE
THE MIDDLE East and North Africa region (that economists like to award the acronym ‘MENA’) consumes 6% of the global vegetable oil market and sucks in 15% of global imports, with strong growth across the board on the back of rising per capita GDP and a burgeoning population.…
INDIA'S ACCOUNTING AND AUDITING PROFESSION FACES SHAKE-UP AFTER SATYAM SCANDAL
BY RAGHAVENDRA VERMA
"AUDITS are going to become far more stringent [in India] and people will run away from the profession", Amarjeet Chopra, Chairman of Accounting Standards’ Board of Institute of Chartered Accountants of India (ICAI) has predicted on the light of the Satyam Computer Systems scandal.…
GLOBAL: Belfast University to teach entrepreneurship in India
By Alan Osborn
An expert on entrepreneurship from Queen’s University in Belfast, Northern Ireland, is to advise business leaders, politicians and academics in West Bengal on how this Indian state can improve its economic performance with the support of higher education.…
EU MINISTERS REBUFF INDIAN BID FOR RELIEF FROM ANTIBIOTIC COUNTERVAILING DUTIES
BY KEITH NUTHALL
EUROPEAN Union (EU) ministers have largely ignored an Indian government request for lowering EU countervailing duties on imports of certain broad spectrum antibiotics from India. This followed a reform of Indian subsidies, which the duties counteract. But ministers have decided to only lower duties for New Delhi’s Ranbaxy Laboratories Ltd, (30.3% to 11.9%).…
HYDERABAD'S NEW GREENFIELD AIRPORT OFFERS DESIGNERS A FREE HAND AND MODULAR DEVELOPMENT
BY RAGHAVENDRA VERMA
IN the airport industry, starting from scratch is sometimes the best solution. Rajiv Gandhi International Airport (RGIA) in the southern Indian city of Hyderabad is a case in point. It displays the range of objectives that can be achieved in terms of efficiency and scope in a greenfield project over and above expanding an existing airport.…
PWC BOSS FLIES TO NEW DELHI TO FIGHT FIRES LIT BY SATYAM SCANDAL
BY RAGHAVENDRA VERMA
WITH the Satyam scandal seriously affecting his big four firm’s global goodwill, on Thursday PricewaterhouseCooper’s international CEO Samuel DiPiazza rushed to New Delhi to meet India’s corporate affairs minister Prem Chand Gupta.
The meeting is seen by accounting industry experts as an effort to salvage PWC’s businesses in the country and explain the firm’s position in the billion-dollar fraud in which two of its auditing partners are behind bars.…
Globalisation means countries can prosper from worldwide recession - if they are smart

The old dictum goes – ‘one man's loss is another man's gain’. Curiously, in a globalised world in the midst of a financial downturn, this saying is particularly true, with certain countries unexpectedly benefiting from an otherwise near universal crisis.
Bangladesh is one of the unexpected gainers, especially as 75.83% of its national exports come from knitwear (39.21%) and woven goods (36.62%), primarily to the European Union (EU) and US markets. The expectation might be that exports of Bangladeshi ready made garments would slide in accordance with the drop in global stock markets and plummeting retail sales.…
BOOM TIME FOR BANGLADESH KNITWEAR INDUSTRY
BY PAUL COCHRANE
BANGLADESH’S knitwear sector is undergoing unprecedented growth: averaging 24% per year over the past 12 years, and an astonishing 45% in the first three months of this fiscal year, with exports projected to reach US$10 billion by 2011.…
NEW AUTOMOBILE PLANTS BLAZE TRAIL IN NEW TECHNOLOGY AND GOOD PRACTICE
BY DEIRDRE MASON, JAMES BURNS, and JULIAN RYALL
With technological change being forced upon the auto manufacturing industry by high oil prices, plants are being retooled faster than in living memory. At such a time, companies are always looking for new ideas and technology.…
EU REDUCES INDIAN ANTI-BIOTICS COUNTERVAILING DUTIES
BY KEITH NUTHALL
THE EUROPEAN Commission has asked European Union (EU) ministers to renew the levying of countervailing (anti-subsidy) duties on imports from India of certain broad spectrum antiobiotics. However, the Commission has proposed that these tariffs are lowered for the only company cooperating with its officials in investigations into these Indian government subsidies – Ranbaxy Laboratories Ltd.…
BANGLADESH DYE MARKET BOOMS AMIDST TEXTILE AND CLOTHING EXPANSION
BY PAUL COCHRANE
BANGLADESH’S US$100 million annual dye and associated chemicals market has reported double digit growth over the past three years on the back of the rapid expansion in the ready made garments and knitwear sectors.
"Bangladesh is a growing market for dyeing, especially since 2005 as more factories are opening," said Wohid Uddin Mahmud, managing partner in Technocrat Enterprise, agent for textile dyeing, washing and laundry machines for Italy’s Flainox, the US’s X-Rite and South Korea’s DaeLim Starlet.…
RECESSION CAN SPELL PROSPERITY IN A GLOBALISED WORLD
By Paul Cochrane
The old dictum goes – ‘one man’s loss is another man’s gain’. Curiously, in a globalised world in the midst of a financial downturn, this saying is particularly true, with certain countries unexpectedly benefiting from an otherwise near universal crisis.…
THE BEST STYLE MODEL? INTEGRATED TEXTILE AND CLOTHING COMPANIES, OR NETWORKS OF INDEPENDENT SUPPLIERS?
BY PHILIPPA JONES, DOMINIQUE PATTON and LUCY JONES
The growth in outsourcing within the clothing and textile sector worldwide has highlighted a key issue, and that is the relative merits of running an integrated company that handles basic production and design, or relying on a string of specialist suppliers to deliver the goods, from fibre supplies, to textile manufacture, design, clothing assembly and retail.…
GROWTH IN ISLAMIC GREY ECONOMY POSES RISK TO BANGLADESH'S FLEDGLING MONEY LAUNDERING CONTROLS
BY PAUL COCHRANE
BANGLADESH’S fledgling anti money laundering and counter terrorist financing regime faces an uphill struggle, with the country ranked as one of the most corrupt on earth and money laundering equivalent to 13% of the country’s GDP. Furthermore, Abul Barkat, Professor of Economics at Dhaka University told the Money Laundering Bulletin, an estimated US$7 billion flows into Bangladesh through illegal alternative remittance systems, and there is an ‘economy within an economy’ generating some US$300 million in profits every year for Islamist political parties linked to fundamentalist and terrorist activities.…
BANGLADESHI CLOTHING MANUFACTURERS EXPANDING FAST, DESPITE GLOBAL RECESSION
BY PAUL COCHRANE
BANGLADESH’S clothing and ready made garment sector is undergoing unprecedented expansion, registering an average growth of 20% year on year, and with plans to be one of the top three exporters globally by 2013.
In the first four months of Bangladesh’s fiscal year, from July to September 2008, the sector reported 45% growth in exports of woven and knitwear to US$3.35 billion, according to the Bangladesh Garment Manufacturers and Exports Association (BGMEA).…
CONTRACTING NUMBER OF LARGE PLAYERS PUSH FOR SALES IN HEALTHY BANGLADESH TOBACCO MARKET
BY PAUL COCHRANE
PLAYERS serving the US$900 million Bangladeshi tobacco market have contracted over the past several years from 15 companies to just seven – with Dhaka Tobacco and British American Tobacco (BAT) now joint number one companies in terms of quantity.…
ELECTION OF BARACK OBAMA AS PRESIDENT HERALDS MAJOR OVERHAUL OF US ENERGY POLICY
BY RUSSELL BERMAN
THE US president-elect, Barack Obama, will take office later this month (Jan 20) having promised sweeping changes to America’s energy policy. This includes aggressive regulations on carbon emissions to combat climate change and substantially increased government funding for alternative energy with the aim of creating a new "green" sector of the American economy devoted to the development of renewable energy, energy efficiency, clean coal and other sources.…
KEY NON-EU COUNTRIES' ACCOUNTING SYSTEMS MEET INTERNATIONAL STANDARDS - SAY EU EXPERTS
BY KEITH NUTHALL
THE ACCOUNTING systems of six major economies are equivalent to International Financial Reporting Standards (IFRS) as adopted by the European Union (EU), the European Securities Committee has ruled. One aim of ensuring the USA, Japan, China, Canada, South Korea and India adopt common worldwide Generally Accepted Accounting Principles (GAAPs) is to help detect fraud in multi-jurisdiction listed company balance sheets.…
KEY NEGOTIATORS RAISE PROSPECT OF DOHA DEAL BY CHRISTMAS
BY KEITH NUTHALL
AS world leaders gather in Washington for tomorrow’s key G20 meeting, key negotiators within the World Trade Organisation’s (WTO) Doha Development Round have suggested a deal could be struck by Christmas. The European Union (EU) and possibly the United States are expected pressure India, China and others to strike a Doha deal this year at the summit.…
EU MINISTERS IMPOSE ANTI-DUMPING AND COUNTERVAILING DUTIES ON SULPHANILIC ACID
BY KEITH NUTHALL
STIFF protective duties have been reimposed on imports into the European Union (EU) of China and India-made sulphanilic acid, a raw material making acid dyes, reactive dyes, ramazol dyes, metal complex dyes, direct dyes and optical brighteners. The EU Council of Ministers had to decide whether to lift or reimpose anti-dumping duties on Chinese and Indian sulphanilic acid and also countervailing duties on Indian exports.…
SYNTHETIC FUELS TO SHAPE FUTURE BIOFUEL SECTOR
BY MARK ROWE
THE FUTURE of the oils and fats sector globally may be shaped in the coming years by the emergence of synthetic biology, which is enabling scientists to create oils and fats with enhanced properties.
This new technology has been developed in the wake of advances in biofuel manufacture, as the United Nations, major energy companies, scientists and environmental organisations all seek to identify the sources of energy that will sustain a post-oil world.…
OIL INDUSTRY KEEPS MAKING PROFITS IN SRI LANKA, DESPITE CIVIL WAR
BY MUNZA MUSHTAQ
DOING business in a country wracked by civil war is never easy, and involves extra cost, but with care and good management, oil and gas companies can still turn profits in such circumstances. Sri Lanka is a good case in point: multinationals Shell, Indian Oil Corporation (IOC) and Chevron Lubricants are trading successfully in this country, even as its government’s armed conflict with Tamil Tiger separatists reaches an expected military climax.…
FRANCE'S ALSTOM WORKING HARD TO EXPLOIT INDIA'S MAJOR HYDROPOWER MARKET
BY RAGHAVENDRA VERMA
ALSTOM – the French hydropower and transport giant – has chosen India to establish its first research and development centre outside Europe and has good reasons. With a total installed capacity of more than 36,000 MW, and an estimated untapped potential of over 130,000 MW for hydropower, India is one of the biggest actual and potential markets in the region.…
EU MINISTERS APPROVE INDIA SUGAR DUTY LEVELS
BY KEITH NUTHALL
EUROPEAN Union (EU) ministers have approved import quota and tariff levels for cane sugar shipped from India until 2009. The deal has been written into the EU’s sugar agreement with African, Caribbean and Pacific (ACP) states.
http://register.consilium.europa.eu/pdf/en/08/st14/st14962.en08.pdf
ENDS…
INTERNATIONAL POWER EQUIPMENT SUPPLIERS RACE TO SUPPLY BOOMING INDIAN GENERATION MARKET
BY RAGHAVENDRA VERMA
AN ADDITIONAL power generation capacity of 78,000 MW with an emphasis on hydro and low-carbon power generators such as solar and wind energy, with an investment of US$250 billion: this is what India aims to achieve by 2012 to narrow down the huge demand and supply gap that has lead to chronic power shortages in a rapidly growing economy.…
GLOBAL RECESSION SPELLS TOUGH TIMES FOR RUSSIA'S TROUBLED NUCLEAR REACTOR EXPANSION PROGRAMME
BY MARK ROWE
FOR the nuclear power plant industry, global economic crises can make for uncertain times. On the one hand, the long lead-in times associated with construction, along with copper-bottomed signed state contracts, should mean many projects continue as usual.…
US OIL REFINERY INDUSTRY LEARNS TO DEAL WITH HURRICANES, AND IS STAYING PUT FOR NOW
BY LUCY JONES
ALMOST 20% of the United States’ oil refining capacity was shut after Hurricane Ike slammed into the Gulf Coast in September.
The effects were felt immediately. In Texas, petrol prices spiked around
US$5 a gallon and that is assuming you could find any fuel.…
EU AND INDIA TALK NUCLEAR COOPERATION, AS WASHINGTON AND NEW DELHI SIGN DEAL
BY KEITH NUTHALL
THE UNITED States and India have at last signed their long-debated nuclear cooperation deal, which will allow American nuclear power technology to be sold to Indian buyers. The agreement was inked at a US state department ceremony by US secretary of state Condoleezza Rice and Indian external affairs minister Pranab Mukherjee.…
INDIAN MANUFACTURER CONFIRMS CHRYSLER OUTSOURCING TALKS
BY RAGHAVENDRA VERMA
AN INDIAN contract auto manufacturing firm has confirmed to just-auto that it is in negotiations with Chrysler about an outsourced manufacturing deal, and says it is busy retooling its plant to assemble larger vehicles.
Head of corporate communications for Argentum Motors Colonel Bhagwati Prasad Suman said talks were ongoing and that his firm was still in competition with other auto makers to seal the deal.…
EU LAUNCHES WTO DISPUTE CASE OVER INDIA SPIRITS, WINES
BY KEITH NUTHALL
THE EUROPEAN Union (EU) has launched a disputes case at the World Trade Organisation (WTO) over India’s often punishingly high wines and spirits import duties. The EU says they are so high they breach Indian commitments under the WTO’s general agreement on tariffs and trade (GATT).…
ITER STARTS WORK IN EARNEST: MILLIONS OF EUROS AVAILABLE FOR ITS NUCLEAR FUSION RESEARCH
BY KEITH NUTHALL
DESPITE widespread scepticism about its viability, the ITER project to build the world’s first commercial nuclear fusion reactor is now under way. It is employing specialists (nearly 300 staff and rising at the end of 2008); releasing Euro millions in research and procurement funding; and in November moved into its headquarters, in Cadarache, southern France, which is where the first nuclear fusion reactor will be built on a 180 hectare site.…
DRINKS PRODUCTION AND MARKETING RULES SEEK TO BALANCE PROTECTING EXCELLENCE WITH LIBERATING COMMERCE
BY ALAN OSBORN
INTRODUCTION
About 10 years ago the American distiller JB Wagoner decided to market a fiery liquor made from the cactus-like agave plants growing in the hills on his estate at Temecula in California. He called it "temequila." It soon became known as "the American tequila," proving indistinguishable in taste, texture and effect from the well-known Mexican drink.…
IFC BACKS OIL AND GAS DRILLING IN DEVELOPING COUNTRIES
BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC) of World Bank has responded to a shortage of oil and gas drilling services in developing countries with a US$30 million debt and equity financing package to India’s Punj Lloyd Upstream Limited. The money will help the company provide drilling services in the Middle East, north Africa and south Asia.…
PAKISTAN'S AUTO INDUSTRY HITTING TOUGH TIMES
BY SAEED AKHTAR BALOCH
PAKISTAN’s automobile industry, contributing 2.8 % to the country’s GDP by financial year (FY) 2006-7, has grown impressively this decade. But the sector’s growth may turn negative this year because of high inflation, especially rising steel prices, political uncertainty and overall economic recession in Pakistan and elsewhere.…
CHINA PAINT AND COATINGS BOOM SET FOR THE LONG TERM
BY MARK GODFREY
GIVEN the armies of migrant workers slapping millions of litres of paint onto the walls of spanking new hotels and creaking 1950s apartment blocks in and around Beijing during the preparations for the Olympic Games it is not surprising that paint demand in China currently outstrips that of India by five times, in tonnage used.…
INDIAN CONFECTIONERY MARKET FACING DOWNTURN, AFTER PERIOD OF ROBUST GROWTH
BY RAGHAVENDRA VERMA
IN India confectionery is considered a product that provides "an inexpensive taste experience" according to a report released earlier this year Federation of Indian Chambers of Commerce and Industry (FICCI). This populist branding of a sector was used to argue in favour of tax-cuts for an industry that is currently facing many hardships.…
Local politics trump global free trade – even for India’s great liberaliser
By Raghavendra Verma, in New Delhi
The Indian parliament is full of socialists, communists, nationalists and most of all, opportunists who would jump on any issue that could be portrayed as anti-poor or anti-farmer. So onlookers might think it easy for Prime Minister Manmohan Singh to play safe and let the WTO talks falter.…
SOUTH AFRICA TEXTILE SECTOR STRUGGLES DESPITE CHINA IMPORT QUOTAS
BY STEVEN SWINDELLS
SOUTH African restrictions on the import of Chinese textiles and clothing have not come to the rescue of the country’s ailing textile sector as effectively as had been hoped, Brian Brink, executive director of South African industry group Textile Federation (Texfed), has told just-style.…
NUTS STILL HEALTH PROBLEM FOR EUROPEAN CONSUMERS WARNS RASFF
BY KEITH NUTHALL
THE EUROPEAN Union’s (EU) rapid alert system for contaminated food and feed (RASFF) has warned that nuts imported into the EU are still commonly contaminated with aflatoxins. It reported in August British customs seizures of groundnuts from India containing the toxin; Greek seizures of Chinese peanut kernels with aflatoxins; and Germany blocking an Iranian pistachio nuts cargo for the same reason.…
SOUTH AFRICA OFFERS NEW STATE SUPPORT PROGRAM TO AUTO INDUSTRY
BY STEVEN SWINDELLS
THE SOUTH African government is implementing a new state support plan for the local vehicle manufacturing industry as local car sales slump amid the country’s economic downturn.
It has approved the new Automotive Production and Development Programme (APDP) to replace the Motor Industry Development Programme (MIDP) which has been in place since 1995, promoting investment while protecting South African manufacturers with tariffs.…
UNDERSTAFFING MAKES BHUTANESE NURSES' DAILY TOIL A REAL GRIND
BY KENCHO WANGDI
LIKE other nurses in the remote Himalayan kingdom of Bhutan, religion played a part in convincing Dechen Om that she should become a nurse.
A Buddhist, like most of her co-patriots, she believed that by becoming a nurse she would get the chance to serve ill people and earn good karma so in the next life she would be born into a good family.…
EU MINISTERS APPROVE OPEN SKIES DEAL WITH ISRAEL
BY KEITH NUTHALL
A COMMERCIALLY important open skies aviation services agreement negotiated between the European Union (EU) and India has been approved by the EU Council of Ministers. The deal brings "into line with EU law bilateral agreements in the field of aviation" giving airlines from the EU and India equal access to airports in these countries.…
NUTS STILL HEALTH PROBLEM FOR EUROPEAN CONSUMERS WARNS RASFF
BY KEITH NUTHALL
THE EUROPEAN Union’s (EU) rapid alert system for contaminated food and feed (RASFF) has warned nuts imported into the EU are still commonly contaminated with aflatoxins. It reported in August British customs seizures of groundnuts (and fine corn meal) from India, plus peanut butter from Ghana, containing the toxin.…
EU LAUNCHES WTO DISPUTE WITH INDIA OVER DUTY PROTECTION
BY KEITH NUTHALL
THE EUROPEAN Union (EU) has launched disputes proceedings at the World Trade Organisation with India on its spirits and wines import duties, which Brussels says are too high: for some products they can reach 150%.
ENDS…
POOR AIR TRAFFIC MANAGEMENT PERFORMANCE IN AFGHANISTAN DISCUSSED BY ICAO
BY KEITH NUTHALL
AIR traffic is moving inefficiency over the strategic air space controlled by Afghanistan, an International Civil Aviation Organisation (ICAO) meeting has heard. Mohamed Khonji, ICAO regional director Middle East warned an air traffic flow management task force meeting in Cairo that: "Despite the continued and valued efforts made by Afghanistan to accommodate the requirements of civil traffic the limited availability of ATS routes and flight levels across the Kabul FIR continues to remain as a ‘bottleneck’ in the civil traffic flows."…
SENIOR OFFICIALS FLY FROM GENEVA WITHOUT SECURING DEAL
BY KEITH NUTHALL
OFFICIALS at the World Trade Organisation (WTO) have told just-food.com an attempt to quickly restart and resolve the Doha Development Round’s food talks seems to have failed. Senior government civil servants from the Group of Seven (the USA, the European Union, China, India, Japan, Australia and Brazil), who broadly represent all WTO member countries, had flown to Geneva last week.…
INDIAN CIGARETTE TAXATION FORCES CONSUMERS TO CHOOSE ALTERNATIVE TOBACCO PRODUCTS
BY RAGHAVENDRA VERMA
THE INDIAN cigarette industry is losing sales to manufacturers of other tobacco products due to a disproportionately high rate of taxation on cigarettes, says ITC, the Calcutta-based company that controls 80% of the country’s cigarette market.
"Unlike the rest of the world, the consumption of cigarettes in India is less than 14% of the total tobacco consumption and 86% is constituted by bidis (tobacco rolled in temburini leaf) and chewing tobacco," a company spokesperson told World Tobacco.…
USA-INDIA NUCLEAR DEAL POLITICAL OBSTACLES CLEARED
BY RAGHAVENDRA VERMA
SUPPORTERS of the Indo-US nuclear deal had almost lost hope this March that the agreement would ever come into force when the ruling Congress Party in New Delhi decided that it was not prepared to risk the fall of its coalition government over the issue.…
SUSTAINABILITY MOVING UP THE AGENDA FOR THE OILS AND FATS SECTOR WORLDWIDE
BY ALAN OSBORN
SUSTAINABILITY has moved firmly to the top of the corporate agenda in the oils and fats sector following Unilever’s announcement in May that it intended to have all of its palm oil certified sustainable by 2015. By any measure this would be a bold pledge but coming from the world’s largest consumer of palm oil (Unilever takes 4% of total global production to make its food and cosmetic products) it serves additionally to raise the bar for others.…
BIOFUEL CREATES FOOD PRICE RISES - WORLD BANK WORLD BANK REPORT SAYS BIOFUELS RESPONSIBLE FOR 75% OF FOOD PRICE RISES
BY KEITH NUTHALL
A LEAKED World Bank report has claimed that the biofuels boom is responsible for 75% of the increase in global food prices since 2006, much larger than previously assumed. The European Commission has, for instance, always maintained biofuels are having a slight impact on food prices, pushing them up by as little as 3%.…
COSMETICS CORPORATE SOCIAL RESPONSIBILITY IS ALTRUISM OR JUST GOOD BUSINESS?
BY JULIAN RYALL, JAMES BURNS, RAGHAVENDRA VERMA and PHILIPPA JONES
"IT is better to be beautiful than to be good," wrote Oscar Wilde in ‘The Picture of Dorian Gray’. Many cosmetics and personal care companies worldwide may still believe this statement to be true, but being, or at least claiming to be, "good" has become an essential part of the sector’s public image.…
INDIA STARTING TO MOVE AGAINST DEEPLY ENGRAINED COMMERCIAL CRIME
BY RAGHAVENDRA VERMA
THE RAPIDLY growing Indian economy is experiencing a sharp rise in corruption, money laundering and various other financial crimes. However the central government is trying to curb fraudulent activities and make the system more transparent. Raghavendra Verma reports from New Delhi.…
BRAZIL LEARNS FROM EXPERIENCE TO CREATE A SUSTAINABLE AND STRONG BIOFUELS SECTOR
BY PACIFICA GODDARD
AS the price of petroleum climbs increasingly makes alternative energy sources such as biofuels sound increasingly attractive to many countries that had dismissed them in the past, Brazil, the largest consumer of ethanol in the world with over 30 years of experience developing their biofuels industry, has many lessons to offer.…
BRAZIL IS MAINSTAY OF LATIN AMERICA KNITTING INDUSTRY
BY PACIFICA GODDARD
CHINA’S entry into the World Trade Organisation (WTO) in 2002 and the recent end of quotas in the US and European markets have created gigantic changes in the textile industry worldwide, with developing markets like those in Latin America expected to suffer the most from these shifts.…
GLOBAL: WTO promises on higher education liberalisation shelved by talks collapse
By Keith Nuthall
Plans to sweep away some restrictions preventing private universities and higher education service providers from teaching, researching and examining in foreign countries have been put on ice at the World Trade Organisation (WTO).
This follows the collapse of negotiations at the July ministerial meeting of the WTO IN Geneva, Switzerland, which had lasted 10 days.…
SATYAM SUSPECTS IN LIE DETECTOR INTERROGATION
BY RAGHAVENDRA VERMA
THE KEY accused suspects in India’s US$1 billion-plus Satyam Computer Services fraud ex-chairman Ramalinga Raju along with his brother Rama Raju and former CFO Vadlamani Srinivas have been ordered to undergo lie-detector and brain-mapping tests by a local court in Hyderabad.…
DOHA TALKS COLLAPSE AFTER NINE DAY MARATHON NEGOTIATIONS
BY KEITH NUTHALL
THE WORLD Trade Organisation’s (WTO) Doha Development Round negotiations appear to have broken down after nine days of tough, but ultimately fruitless negotiations, WTO officials told just-food.com. Diplomats were at 6.30pm GMT filing into a meeting of the WTO trade negotiations committee, expected to decide what happens next.…
NEW ZEALAND AND AUSTRALIA COSMETICS DEMAND BLENDING INTO A REGIONAL AUSTRALASIAN MARKET
BY KARRYN CARTELLE
SEPARATED by a short plane ride across the Tasman Sea, Australia and New Zealand are clearly two distinct countries – in the physical sense – but when it comes to the cosmetics industry in these neighbouring lands it is clear that things are merging into one.…
EUROPE: Poor links between EU researchers and business holding back commecial innovation
By Alan Osborn
The European Union (EU) will have to achieve much greater progress in bridging the gap between research and industry if it is to make a success of its Lisbon Strategy for making the EU the world’s most competitive economy by 2010, a conference on Innovating for Competitiveness in ICT (information and communication technologies) was told in Brussels last week (May 28).…
GLOBAL: Project unlocking the sun's energy secrets will be major research funding source
By Keith Nuthall
Research funding for a global project that seeks to harness the thermodynamics of the stars to create a sustainable and safe nuclear fusion reactor is starting to be released. A consortium of 14 research teams from across Europe has been formed to create a computer simulation of the international ITER fusion reactor, to model the technology required to operate it safely.…
METHANE RECOVERY PROJECTS BOOMING WORLDWIDE
BY MARK ROWE
ONE of the first responses to concerns about climate change involved the search to sequester carbon, a component of the major greenhouse gas, carbon dioxide. Increasingly, efforts are focussing on how to deal with another greenhouse gas, methane.…
WTO MEMBER STATES LOOK TO MEDIATION TO AVOID LEGAL DISPUTES OVER FOOD HEALTH RULES
BY KEITH NUTHALL
WORLD Trade Organisation (WTO) governments will try mediation to resolve disagreements over food health standards, avoiding referrals to protracted and sometimes fruitless formal disputes proceedings. They have agreed to use the chair of the WTO sanitary and phytosanitary measures committee as an honest broker.…
BOOMING INDIAN PAINT AND COATING SECTOR STRUGGLES TO DEAL WITH SUDDEN INGREDIENT PRICE RISES
BY RAGHAVENDRA VERMA, in New Delhi
THE SUDDEN and phenomenal rise in the cost of raw materials over the past year for the US$2.6 billion Indian paint and coating industry has made business conditions tough for this formerly thriving sector. It is unlikely sustain the 18% growth rate achieved last year.…
LEAST DEVELOPED COUNTRIES STRUGGLE TO COPE WITH OIL PRICE RISES
BY KENCHO WANGDI, in Thimphu, Bhutan; JUHEL BROWNE, in Port of Spain, Trinidad; BILL CORCORAN, in Johannesburg; and KEITH NUTHALL
THE RISING price in oil has hit the prosperity of many companies, communities and countries, but it is the world’s poorest people, living in what the United Nations calls least developed countries that are suffering the most.…
GROWTH IN NUCLEAR ENERGY IS UNSPOKEN KEY TO SQUARING POWER SECURITY-GLOBAL WARMING CIRCLE
BY ALAN OSBORN
HOW quickly events are moving in the energy sector at present, and how difficult this makes long-term planning by the power generation industry. One of the key documents for forecasters in Europe is the paper prepared by the National Technical University of Athens for the European Commission’s directorate-general for energy and transport on "Trends to 2030."…
INTERNATIONAL ORGANISATION ROUND UP - WTO DISCUSSES FISHING SUBSIDIES FOR FIRST TIME
BY KEITH NUTHALL
MEMBERS of the World Trade Organisation (WTO) are for the first time seriously debating a global agreement on fishing subsidies, setting rules on their scope that would apply across the globe, and which could ban financial handouts for increasing fleet capacity.…
UNITED NATIONS ORGANISATION CALLS FOR EXPANDING ROAD TOURISM INDUSTRY TO USE LOW-CO2 CARS
BY KEITH NUTHALL
THE UN World Tourism Organisation wants the global tourism sector to use CO2 efficient cars to serve growing demand for international leisure motoring. It warns road transport tourism already accounts for 2% of global CO2 emissions, and this proportion is expected to rise, especially with the growing middle classes of China, India and Brazil taking more holidays.…
INDIA TRIES TO SET UP COMPREHENSIVE SYSTEM TO FIGHT AND PREVENT OIL REFINERY FIRES
BY RAGHAVENDRA VERMA, in New Delhi
INDIA has had its share of bad luck as regards refinery fires. Within a span of four months in 2006-07, the western coast district of Jamnagar, Gujurat state, saw two major fires in refineries operated by private companies.…
CHINESE AND INDIAN TEXTILE FIRMS STRUGGLE TO DEVELOP IN HOUSE DESIGN TALENT
BY DOMINIQUE PATTON, in Beijing; and RAGHAVENDRA VERMA, in New Delhi
AS developed world clothing brands increasingly outsource production to emerging market countries, the demand for designing talent close to these growing manufacturing centres is growing. But how reliable is the source of creativity and are there sufficient numbers of designers in China, India and elsewhere for the big brands to start thinking about shifting creative aspects of their operations overseas as well as basic production?…
MEPS PUSH FOR MORE RECYCLING AND RAW MATERIAL IMPORTS TO AVOID MANUFACTURING INPUT CRUNCH
BY KEITH NUTHALL
THE EUROPEAN Parliament is pushing the European Union (EU) to increase investment in the recycling sector, to increase the supply of materials to European manufacturers faced with potential global shortages. With emerging market countries such as China and India gobbling up vast proportions of materials as they rapidly industrialise, MEPs fear European manufacturers will increasingly suffer from input shortages and high prices.…
INTERNATIONAL ORGANISATION ROUND UP
BY KEITH NUTHALL
ETHIOPIA COMMODITY EXCHANGE OPENS
ETHIOPIA has opened a commodity exchange, designed to bring order to the country’s often chaotic food markets. Their informality effectively forces farmers to sell locally to traders they know and trust. This prevents commodities moving from regions where there is abundance to those where there are shortages, intensifying the risk of famine and for prices to plummet in districts with a production glut.…
COSMETICS RESEARCHERS SEEK TO ENHANCE ALREADY WELL-PRESERVED ASIAN WOMEN SKIN
BY MIRANDA L. LI , in Shanghai
AGE spots are the first signs of aging among Asian women, while Caucasian Europeans and Americans suffer much earlier from wrinkles. This was one of the main findings presented during a symposium on the latest research on skin aging, according to Eric Perrier, president of French luxury group Moët Hennessy Louis Vuitton (LVMH) Recherche, which organised the May 12 forum in Shanghai, China.…
ETHIOPIA AMBITIONS OVER TEXTILE AND CLOTHING EXPANSION PROVING TOUGH TO REALISE
BY PAUL COCHRANE, in Addis Ababa
ETHIOPIA is trying to position itself as a sourcing destination for the textile and apparel industry, but government projections of a US$500 million-a-year turnover (IS THAT RIGHT – SURELY IT CANNOT BE EXPORTS?) sector by 2008/2009 are lagging way behind, with exports of just US$12.6 million in 2007.…
INDIA'S ONGC PUSHES AHEAD WITH PLANS TO REDUCE FLARING FROM CURRENT MINIMAL LEVELS
BY RAGHAVENDRA VERMA, in New Delhi
INDIA’S oil industry has made great strides towards reducing flaring, but more gas by-product from oil production can still be extracted and sold, says India’s Oil and Natural Gas Corporation (ONGC).
Niladri Kumar Mitra (NOTE – NAME IS CORRECT) offshore director for ONGC told the Petroleum Review that his organisation has worked "since late nineties to reduce those gases from flaring", and that in some platforms and plants "has achieved zero flaring."…
MARKS & SPENCER STRIKES INDIA JOINT VENTURE DEAL
BY RAGHAVENDRA VERMA, in New Delhi
BRITISH clothing retailer Marks & Spencer has entered into a joint venture agreement as a majority partner with India’s largest retail chain – Reliance. With a total investment of US$57 million, the new joint venture company hopes to open 50 stores in next five years, and would source many products from local suppliers.…
SOUTH ASIAN KNITWEAR INDUSTRY HAVING MIXED FORTUNES AS GLOBALISATION INTENSIFIES
BY RAGHAVENDRA VERMA, in New Delhi; SAEED AKHTAR BALOCH, in Lahore; and KEITH NOYAHR, in Colombo
THE SOUTH Asian knitwear industry is experienced mixed fortunes at present, with the impact of China’s production boom and the global liberalisation of the textile sector still changing sub-continental fortunes.…
MIDDLE EAST DENIM MARKET DOMINATED BY LABELS IN RICH GULF AND ISRAEL, AND STYLE IN POORER LEVANT
BY PAUL COCHRANE, in Damascus and Beirut, and HELENA FLUSFELDER, in Jerusalem
INTRODUCTION AND THE GULF
THE DENIM sector in the Middle East is as diverse as it is fragmented, with strong demand in the Gulf and Israel for major brand names and the latest trends, while in the less economically developed parts of the Levant international brands are of less importance than style.…
GLOBAL - UN-sponsored responsible business education initiative takes off
By Keith Nuthall
A UNITED Nations-sponsored global initiative to encourage business schools to teach and promote social and environmentally responsible commercial practices has gathered a critical mass of support. More than 100 business schools worldwide have now signed up to the Principles for Responsible Management Initiative.…
EU INCREASES FOOD AID AS AFRICA BURNS OVER PRICE RISES
BY KEITH NUTHALL
THE EUROPEAN Union (EU) is to increase money available for emergency food aid within its European Development Funds budget from Euro 650 million to Euro 1.2 billion following food riots in Africa. Unrest has wracked Egypt this week over basic food prices doubling in 12 months.…
EU MINISTERS ASKED TO EXTEND COUMARIN DUTY TO INDIA, THAILAND, INDONESIA, MALAYSIA
BY KEITH NUTHALL
THE EUROPEAN Commission has proposed that Euro 3,479/tonne anti-dumping duties on exports into the European Union (EU) from China of anticoagulant precursor coumarin be extended to cover cargoes from India, Thailand, Indonesia and Malaysia. Brussels fears that dumped Chinese exports are being diverted through these countries to evade the duties.…
IFC TO BROKER CARBON CREDIT SALES IN SOUTH AFRICA AND INDIA
BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC) of the World Bank has agreed to broker the sale of 900,000 carbon credits generated in South Africa and 850,000 in India. These will be sold to developed countries seeking credits under the Kyoto Protocol’s clean development mechanism from South African fertiliser manufacturer Omnia and Indian coke producer Rain CII Carbon.…
CHINA SURGING AHEAD WITH NUCLEAR POWER EXPANSION
By Mark Godfrey in Beijing
No country has added nuclear power like energy-hungry China. Neighbouring North Korea had more nuclear power capacity than China in 2000 (as did Taiwan). But by 2010, according to the US government-affiliated Energy Information Administration, China will have bypassed both countries.…
STAKES ARE HIGH FOR TELECOMS AS WTO ROUND APPROACHES END GAME
BY KEITH NUTHALL
THIS year could well see the end of the World Trade Organisation’s (WTO) Doha Development Round, the global free trade negotiations staged since 2001 – and the stakes for the telecommunications business are high.
Unlike most economic sectors, telecoms are affected by not just one WTO agreement on removing trade barriers such as red tape and punishing tariffs, but three: the General Agreement on Trade in Services (GATS); the General Agreement on Tariffs and Trade (GATT) as regards industrial goods; and the WTO Information Technology Agreement.…
EU PUSHES FOR GAS SUPPLY ALTERNATIVE IN TURKMENISTAN, FOLLOWING SMALL HUMAN RIGHTS IMPROVEMENTS
BY MARK ROWE
WHEN the European Union’s (EU) energy Commissioner Andris Piebalgs, visited Turkmenistan last autumn it served notice that this central Asian ex-Soviet republic had come in from the cold. Once a pariah on the international stage, because of the activity of its crazed former president Sapamurat Niyazov (NOTE – SPELLING IS CORRECT), Turkmenistan has become something more than a bit player in the international energy sector.…
OECD 2008 ENVIRONMENTAL OUTLOOK SAYS GOING GREEN IS AFFORDABLE
BY ALAN OSBORN
The world can (in italics) move towards a low carbon, greener and more sustainable future by the restructuring of economies and the costs "are affordable" says the Organisation for Economic Co-operation and Development (OECD), representing the world’s 30 leading industrialised countries, in its 2008 Environmental Outlook.…
STRUCTURAL AND CULTURAL PROBLEMS EMBED FRAUD IN CHINA'S HUGE EMERGING ECONOMY
BY MARK GODFREY, in Beijing
THE DAILY deluge of crime reports in China’s press indicates that corruption and fraud are not only still rife in the country they are most acute where government regulatory bodies hand out business licences and approvals to state-owned firms.…
EUROPEAN ANTI-FRAUD AGENCY TO CHAIR WHO ILLICIT TOBACCO TRADE BODY
BY KEITH NUTHALL
A SENIOR official from European Union (EU) anti-fraud office OLAF has become the chairman of the World Health Organisation’s (WHO) new Inter-Governmental Negotiating Body (INB) charged with drafting a protocol fighting the illicit tobacco trade. This will be an international treaty aimed at creating worldwide measures combating this illegal commerce, linked to the WHO’s Framework Convention on Tobacco Control.…
EXPANSION OF LATIN AMERICAN GM OIL CROPS CONTINUES APACE
BY RACHEL JONES, in Caracas
SINCE biotech oil crops were first commercialised over a decade ago, their use has experienced yearly double-digit growth worldwide, with Latin America being something of a nursery for this growth. Globally, the area of biotech crops grew by 13%, or by 12 million hectares, in 2006, to reach 102 million hectares, according to the International Service for the Acquisition of Agri-Biotech Applications (ISAAA).…
PHARMACEUTICAL INDUSTRY COULD BE WIN REAL GLOBAL FREE TRADE AS WTO'S DOHA ROUND DRAWS TO A CLOSE
BY KEITH NUTHALL
WITH the World Trade Organisation’s (WTO) seven-year-old Doha Development Round maybe drawing towards a close, the pharmaceutical industry might start to consider that a final deal could lead to the elimination of most import duties on drugs and medicines, traded worldwide.…
ARGENTINA OILS & FATS
BY RACHEL JONES, in Caracas
AS one of South America’s largest economies and the world’s leading
exporter of soy and sunflower oil, Argentina experienced a GDP growth rate
of 8.4 percent in 2006 and 7.9 percent a year earlier, according to the US
Energy and Information Administration.…
TOURISM BOOM SPELLS WEALTH FOR DEVELOPING COUNTRIES
BY KEITH NUTHALL
TOURISM is continuing to boom in developing countries, boosting their economies, according to the latest figures from the UN World Tourism Organisation (UNWTO). Its claims the number of individual international tourism journeys leapt by 6% in 2007 (compared to 2006) to 898 million visitors.…
LEAD BATTERY INITIATIVE COULD STOP POISONING IN INDIA
BY KEITH NUTHALL
WASTE lead batteries litter Indian villages, towns and cities, where they often poison children, adults and animals. As a result, the International Finance Corporation (IFC) of the World Bank, is backing a new eco-labelling scheme that certifies effective collection schemes and manufacturing standards making waste lead batteries less dangerous.…
INTERNATIONAL CONSENSUS SOUGHT FOR DEVELOPMENT OF GLOBAL BIOFUEL STANDARDS
BY KEITH NUTHALL
INTERNATIONAL standards are crucial for the trade in goods, because they allow
importers to have confidence that the foreign product they are buying meets the
specifications they are familiar with at home. So, it may come as some surprise that no
such global standard currently exists as regards the technical definition of biofuels.…
PAKISTAN MOVES TO EASE INTERNATIONAL SECURITY FEARS ABOUT ITS NUCLEAR INDUSTRY
BY A SPECIAL CORRESPONDENT, in Lahore, Pakistan
REMARKS from the director general of the International Atomic Energy Agency (IAEA) Mohamed ElBaradei in a recent interview with the pan-Arab Al-Hayat newspaper showing concerns about Pakistan’s civil and military nuclear assets and Islamabad’s capability to protect these from extremists- have unleashed a great debate in and outside the country.…
ATC REDUCED VISIBILITY SYSTEMS STILL FACING TECHNICAL AND OPERATIONAL PROBLEMS IN NEW DELHI
BY RAGHAVENDRA VERMA, in New Delhi
"FOG is natural and flights are delayed only to keep you safe," said a newspaper advertisement issued by the Indian ministry of civil aviation last December, "we solicit your co-operation and understanding."
Highlighting such basics facts was part of a low-key media campaign by the aviation authorities to deal with their failure to prevent repeated fog-affected flight cancellations and delays to both domestic and international flights, despite installation of modern equipments at the New Delhi’s Indira Gandhi International (IGI) Airport.…
INDIA SOAP SCENT ANTIDUMPING DUTY IMPOSED BY EU MINISTERS
BY KEITH NUTHALL
THE EUROPEAN Union (EU) Council of Ministers has imposed a definitive 7.5% anti-dumping duty on imports into the EU of dihydromyrcenol made in India. The chemical is a citrus and lime type odour aromachemical, mainly used to make soap.…
REGIONAL TRADE DEALS PROMOTE GLOBAL TRADE IN CLOTHING AND TEXTILE SECTOR
BY LUCY JONES, in Dallas; ALAN OSBORN, in London; KARRYN CARTELLE, in Tokyo; BILL CORCORAN, in Johannesburg; PAUL COCHRANE, in Beirut; RACHEL JONES, in Caracas; MARK ROWE; and KEITH NUTHALL
WITH the World Trade Organisation’s (WTO) Doha Development Round being slow to proceed since its 2001 launch – and only this year approaching something resembling and end game – free traders wanting to encourage global commerce have looked to bilateral and regional trade deals.…
CHINA PROVING A MAGNET FOR METHANE RECOVERY FINANCING FROM ROUND THE WORLD
BY MARK GODFREY, in Beijing
METHANE recovery is a boom industry in China. A frenetic dig for coal to drive its economy means atmospheric concentrations of methane are growing. And this is a problem – methane is not only a greenhouse gas that retains 25 times more heat than carbon dioxide, it hangs around in the atmosphere a lot longer.…
CHINA TO BECOME EXPORT MARKET FOR SOUTH ASIAN TEXTILE PRODUCERS
BY DOMINIQUE PATTON, in Beijing, RAGHAVENDRA VERMA, in New Delhi, and KEITH NUTHALL
TIME was when the Chinese clothing industry was all about exports. But the astonishing success of China’s export industry has inspired competitors, making life harder for its exporters.…
INDIAN NUCLEAR RESEARCH PRESSES AHEAD, DESPITE UNCERTAINTY OVER US-INDIA NUCLEAR TECHNOLOGY DEAL
BY RAGHAVENDRA VERMA, in New Delhi
AFTER 30 years of international sanctions, limited uranium reserves and stiff political opposition to the recent Indo-US nuclear deal, Indian scientists are still pushing ahead with nuclear research – following the country’s long established Three Stage Nuclear power programme.…
COMMERCIAL CRIME IS A KEY PLANK OF THE TAMIL TIGERS RENEWED OFFENSIVE IN SRI LANKA
BY KEITH NOYAHR, in Colombo
SRI Lanka’s Tamil Tigers have stepped up commercial crime across continents to fund what they call the "final war" of separation, now the formal ceasefire with the govern,ent has ended. But, the foundation to pursue such sophisticated crime was laid during Sri Lanka’s highly internationalised peace process, reports Keith Noyahr from Colombo.…
CHINA PRESSES ON WITH POLICY OF NATIONAL CHAMPIONS. TOBACCO CONTROL HOWEVER IS STARTING TO CATCH ON
BY MARK GODFREY, in Beijing
LONGYAN Cigarette Factory reflects the kind of good fortune and ambition which characterised China’s tobacco industry in 2007. Located in the city of the same name in southeastern Fujian province, the factory’s almost US$1 billion revenues for 2007 are a 24.5% increase on figures for the previous year.…
OPENING OF LIBYA'S OIL SECTOR A BOON FOR ENERGY COMPANIES SEEKING NEW CRUDE SOURCES
BY PAUL COCHRANE, in Tripoli and Beirut
THE OPENING up of Libya’s economy could not have come at a better time for international oil companies, which have been beset in recent years by dwindling easily accessible oil reserves, tighter controls over exploration rights and extraction, and heightened security concerns.…
ECODRIVING OFFERS NEW NICHE BUSINESS FOR EUROPEAN FLEET SUPPLIERS
BY CHRIS JONES, in Paris
EUROPEAN vehicle rental companies are increasingly promoting themselves as the answer to the problem of tackling CO2 emissions, offering advice on eco-driving techniques to their customers and offering a wide range of ‘green’ vehicles with low emissions.…
INDIA USA NUCLEAR AGREEMENT STILL FACES ROCKY POLITICAL ROAD AHEAD
BY RAGHAVENDRA VERMA, in New Delhi
THE SUCCESSFUL completion of Indo-US Nuclear Deal continues to be in the realm of speculation as the stubborn communist allies of the ruling coalition government in New Delhi and the hostile rightwing opposition in the parliament have further hardened their stand.…
POTENTIAL ENVIRONMENTAL DAMAGE CAUSED BY BIOFUELS CAUSING GLOBAL RETHINK ON PRODUCTION PROCESSES
BY MARK ROWE
WHICHEVER way you look, the oil and gas sector is investing in biofuels. The larger energy companies – driven by an eye for a new and potentially lucrative market as well as shareholder concern and governmental and international political pressure – are investigating both first and second generation biofuels.…
EUROPEAN PARLIAMENT WANTS TOUGH ACTION DEFENDING EUROPE'S THREATENED TEXTILE AND CLOTHING MANUFACTURERS
BY KEITH NUTHALL
ACTIVE European Commission support and stubbornness in foreign trade talks is required to defend Europe’s shaky clothing and textile sector against a flood of foreign imports, the European Parliament has said.
In a comprehensive policy statement, MEPs effectively said textile and clothing manufacturers should not be offered as sacrificial lambs to strike an agreement at the World Trade Organisation’s (WTO) Doha Development Round.…
INDIAN PET PRODUCERS TO FACE REIMPOSITION OF EU ANTI-DUMPING DUTIES
BY KEITH NUTHALL
THE EUROPEAN Commission has requested the reimposition of anti-dumping duties on exports into the European Union (EU) of polyethylene terephthalate (PET) film manufactured within India. EU ministers are expected to formally approve the plan, which would see duties imposed in 2001, being renewed at the same levels – without such authorisation they would lapse.…
SUPPORTERS OF GEOGRAPHICAL INDICATION REGISTER PUSH FOR APPROVAL AHEAD OF DOHA DEAL
BY KEITH NUTHALL
AS the World Trade Organisation’s (WTO) Doha Development Round moves towards completion, a big push is underway to see a wine and spirits geographical indication register established within final deal. A WTO special group for the issue met yesterday (Mon Dec 3) and supporters of the register pushed for full negotiations on the issue, ending technical discussions that have dragged on for years.…
SUPPORTERS OF GEOGRAPHICAL INDICATION REGISTER PUSH FOR APPROVAL AHEAD OF DOHA DEAL
BY KEITH NUTHALL
AS the World Trade Organisation’s (WTO) Doha Development Round moves towards completion, a big push is underway to see a wine and spirits geographical indication register established within final deal. A WTO special group for the issue met yesterday (Mon Dec 3) and supporters of the register pushed for full negotiations on the issue, ending technical discussions that have dragged on for years.…
SUPPORTERS OF GEOGRAPHICAL INDICATION REGISTER PUSH FOR APPROVAL AHEAD OF DOHA DEAL
BY KEITH NUTHALL
AS the World Trade Organisation’s (WTO) Doha Development Round moves towards completion, a big push is underway to see a wine and spirits geographical indication register established within final deal. A WTO special group for the issue met yesterday (Mon Dec 3) and supporters of the register pushed for full negotiations on the issue, ending technical discussions that have dragged on for years.…
JAPAN AUTO MANUFACTURERS PUSHING INTO RUSSIA
BY JULIAN RYALL, in Tokyo
WITH the start of production at its new automotive plant in the Shushary district of St. Petersburg on December 21, Toyota will become the latest Japanese car manufacturer to set up shop in a market it says has "tremendous potential" and is looking forward to the roll-out of the first Russian-built Camry.…
THREATENED INDIA USA NUCLEAR DEAL GIVEN LIFELINE BY COMMUNIST FLEXIBILITY
BY RAGHAVENDRA VERMA, in New Delhi
THE INDIA-USA nuclear power technology transfer agreement has received a new lease of life after the Congress Party-led Indian minority government’s communist allies (on whom they rely for votes) relented partially during a crucial coordination committee meeting on November 17.…
OECD CRITICISES WEAK IMPLEMENTATION OF ANTI-COUNTERFEITING LAWS
BY KEITH NUTHALL
THE ORGANISATION for Economic Cooperation and Development (OECD) has criticised weak implementation of anti-counterfeiting laws in countries that are a major source of fake medicines. In its report the Economic Impact of Counterfeiting and Piracy, the OECD noted that Brazil, China, India, and Russia, all have trademark laws with civil and criminal remedies against pharmaceutical counterfeiting, including "graduated levels of fines and terms of imprisonment".…
IRAN AND VENEZUELA DEVELOP ANTI-AMERICAN OIL AND GAS AXIS
BY RACHEL JONES, in Caracas
FOLLOWING the late-November OPEC summit in Riyadh, Saudi Arabia, Venezuelan President Hugo Chavez visited Tehran to discuss joint ventures over oil refining and then chuckle with his Iranian counterpart, Mahmoud Ahmadinejad, over the weakened US dollar.…
INDIAN TEXTILE INDUSTRY STRUGGLES TO SURVIVE RUPEE HIKE WITH LABOUR LIBERALISATION PLANS
BY RAGHAVENDRA VERMA, in New Delhi
THE BELEAGUERED garment export industry of India is trying every possible move to ward off the crisis caused by the sharp appreciation of the Indian Rupee – 12% since January. This has included proposed changes to the country’s labour laws that currently make the sacking of factory employees almost impossible.…
CHINA IS KEY SOURCE OF GLOBAL COUNTERFEIT CAR PARTS TRADE SAYS OECD
BY KEITH NUTHALL
CHINA has been baldly accused of hosting much of the world’s booming counterfeit auto parts production. A detailed report by the planet’s largest think tank – the Organisation for Economic Cooperation and Development (OECD) – said: "China has been repeatedly identified as the principal source of counterfeit activity in the automotive sector, involving both trademark and design infringements.…
INDIA'S GROWING PROSPERITY IS A BOON FOR THE COUNTRY'S COSMETICS INDUSTRY
BY RAGHAVENDRA VERMA, in New Delhi
LEGEND has it that Mogul Emperor and the maker of Taj Mahal, Shah Jahan, was so fond of rose attar – traditional Indian perfume, that he reserved its use for his royalty. The complexity of making 10 grams of this distilled scent from 40 kg of pink rose petals made it so exclusive that all his royal letters were laced with it to give them a mark (smell) of authenticity.…
INDIA GETS IFC SUPPORT FOR GUJURAT PETRONET
BY KEITH NUTHALL
INDIA’S Gujurat State Petronet Ltd is being lent up to INDRupees 3.375 billion and an equity investment of US$30 million by the International Finance Corporation, of the World Bank. The money will help expand the company’s natural gas transmission network by 800 kilometres over three years.…
BHS PLOTS INDIA EXPANSION
BY MONICA DOBIE
BRITISH Home Stores’ (BHS) plans to launch outlets in India are being widely reported in the Indian media. The Times of India has claimed that BHS owner Philip Green will open stores in both Mumbai and Delhi (maybe this year) through a franchise agreement with Dubai-based Indian businessman L K Pagarani.…
IFC HELPS PROMOTE INDIA ELECTRONIC MOTORCYCLE INDUSTRY
BY KEITH NUTHALL
CHINA may be rightly attacked for poor environmental standards, but it is doing well regarding electric motorcycles, with 10 million being sold every year. This compares with just 50,000 in India, where petrol is king – a problem that is the focus of a new International Finance Corporation (IFC) of the World Bank loan.…
IFC BACKS PETRONET LNG TERMINAL IN INDIA
BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC) of the World Bank is lending US$150 million to Petronet LNG Limited build a liquefied natural gas import and regasification terminal in Kochi, southern India. The India-based company already imports and regasifies LNG at a terminal in Gujarat, western India.…
INDIA CLOTHING SECTOR FACES WESTERN BUY OUT THREATS
BY RAGHAVENDRA VERMA, in New Delhi
The US$ 165 million takeover of India’s largest textile company Gokaldas Exports by the US private equity company Blackstone has received a resounding welcome from the Indian garment industry.
"This is the best thing to happen.…
INNOVATION SURGING AHEAD IN JAPAN CAR PAINTS – SELF-HEALING COATINGS ON THEIR WAY
BY JULIAN RYALL, in Tokyo
WITH a quick scrubbing motion, Tatsuya Ishihara commits an act that is tantamount to a crime in the vehicle industry. The to-and-fro of the wire brush has etched scars in the black paint on the bonnet of the brand new Nissan X-Trail SUV that would normally require a return to the workshop.…
INDIA AIRPORT PARKING CHARGES INCREASE
BY RAGHAVENDRA VERMA, in New Delhi
AIRCRAFT landing and parking charges in India are expected to increase from May of 2008 when the government control over the pricing structure, put in place while privatising Delhi and Mumbai airports, will be replaced by a market oriented system.…
HARRY POTTER - THE DEATHLY HALLOWS LAUNCH - INDIA
BY RAGHAVENDRA VERMA, in New Delhi
INDIA’S response to the final Harry Potter novel has been “absolutely amazing and delightful” for the local distributor Penguin India. With 170,000 copies sold in first 12 hours across the country and another 90,000 decorating bookshops, it is by far India’s fastest selling book ever.…
INNOVATION SURGING AHEAD IN JAPAN CAR PAINTS - SELF-HEALING COATINGS ON THEIR WAY
BY JULIAN RYALL, in Tokyo
WITH a quick scrubbing motion, Tatsuya Ishihara commits an act that is tantamount to a crime in the vehicle industry. The to-and-fro of the wire brush has etched scars in the black paint on the bonnet of the brand new Nissan X-Trail SUV that would normally require a return to the workshop.…
BISCUITS INDUSTRY UNCERTAIN IN PAKISTAN
SAEED AKHTAR BALOCH, in Lahore
THE PAKISTANI biscuit and confectionery sector has been faring well, with 12-15% growth last year, but there are storm clouds on the horizons because of skyrocketing prices of sugar and flour. In recent years, these ingredient problems have been overshadowed by massive domestic demand, fed by more than 255 biscuit and wafer manufacturing units (42 mechanised) with an installed capacity of 47,000 metric tonnes for biscuits and 5,200 metric tonnes for wafers.…
INDIA AIRPORT PARKING CHARGES INCREASE
BY RAGHAVENDRA VERMA, in New Delhi
AIRCRAFT landing and parking charges in India are expected to increase from May of 2008 when the government control over the pricing structure, put in place while privatising Delhi and Mumbai airports, will be replaced by a market oriented system.…
INNOVATION SURGING AHEAD IN JAPAN CAR PAINTS - SELF-HEALING COATINGS ON THEIR WAY
BY JULIAN RYALL, in Tokyo
WITH a quick scrubbing motion, Tatsuya Ishihara commits an act that is tantamount to a crime in the vehicle industry. The to-and-fro of the wire brush has etched scars in the black paint on the bonnet of the brand new Nissan X-Trail SUV that would normally require a return to the workshop.…
HARRY POTTER - THE DEATHLY HALLOWS LAUNCH - INDIA
BY RAGHAVENDRA VERMA, in New Delhi
INDIA’S response to the final Harry Potter novel has been “absolutely amazing and delightful” for the local distributor Penguin India. With 170,000 copies sold in first 12 hours across the country and another 90,000 decorating bookshops, it is by far India’s fastest selling book ever.…
BIOFUEL BOOM MAY PUSH UP PRICES WITHIN EDIBLE OILS MARKET
BY ANDREW CAVE
THE DEVELOPMENT of biofuels and their impact on food crops has generated debate since Germany’s Rudolph Diesel ran the world’s first diesel engine on peanut oil in 1894.
However, now a biofuels boom is moving global markets and one result is commodity crop price inflation.…
FOOD PRICES MAY RISE BECAUSE OF GLOBAL BIOFUEL BOOM
BY ANDREW CAVE
BIOFUELS have generated earnest debate ever since German inventor Rudolph Diesel ran the world’s first diesel engine on peanut oil back in 1894, but suddenly there is a biofuels boom that’s moving global markets.
World economies are in a race to find alternatives to fossil fuels and turning crops such as wheat and corn into ethanol or oilseed rape, soya, or palm oil into biodiesel is having an impact on farmers, manufacturer and industrial producers worldwide.…
INDIAN CLOTHING AND TEXTILE INDUSTRY PUT ON THE RACK BY STRENGTHENING RUPEE
BY RAGHAVENDRA VERMA, in New Delhi
INDIA’S US$20 billion turnover garment and textile manufacturing industry is currently going through a major upheaval because of the strength of the Indian Rupee, which has risen by 10% on most exchange markets in the last six months.…
PAKISTAN FOOD INDUSTRY NEWS
BY SAEED AKHTAR BALOCH, in Lahore
WITH a long established food manufacturing sector and strong commodity production, the Pakistan food industry, one of the largest industries in the country, has grown with an average pace of 10% over the last three years.…
LATIN AMERICA EXPERIENCES WORLD BEATING GROWTH IN PERSONAL CARE SECTOR
BY RACHEL JONES, in Caracas
A NUMBER of factors have contributed to a booming Latin American market in soap, perfume and cosmetics – most importantly, regional economic growth and a healthy overall GDP. Hair care is the region’s biggest seller, but an increase in life expectancy has created a growing demand for skin care products, especially those related to anti-aging and sun protection.…
SCIENTISTS DEVELOP CRUISE-CONTROL SYSTEM REDUCING CAR CONGESTION POLLUTION
BY MONICA DOBIE
TAILGATING may actually be the answer to solving some air pollution woes in large congested cities, claims research published in the International Journal of the Environment and Pollution.
Scientists at India’s Jadavpur University have found that using safe automated tailgating or “platooning” whereby the distance from one vehicle to another is only 1 metre, reduces engine use and hence exhaust emissions, because cars travel in each other’s slipstream.…
INDIAN SCIENTISTS SAY PLATOONING COULD SAVE FUEL AND EMISSIONS
BY MONICA DOBIE
TAILGATING may actually be the answer to solving some air pollution woes in large congested cities.
Scientists at India’s Jadavpur University have found that using safe automated tailgating or “platooning” whereby the distance from one vehicle to another is only 1 metre, reduces engine use and hence exhaust emissions, because cars travel in each other’s slipstream.…
NANO-KNITTING NOW POSSIBLE IN CONVENTIONAL FABRICS
BY MARK ROWE
SCIENTISTS are on the verge of knitting nanofibres together to create garments with new standards of durability, thinness, flexibility and waterproofing. The development is seen as a breakthrough in nanotechnology, where scientists have grappled for several years to find a way of knitting minute nanofibres together.…
REACH EU CHEMICAL CONTROL SYSTEM IMPOSES DEMANDS ON KNITTING SECTOR
BY KEITH NUTHALL
KNITTING manufacturers and importers will have to take care they are complying with the European Union’s chemical control system REACH, which came into force June 1.
Companies in the sector acquire responsibilities as the producers and importers of “articles”, which are defined in REACH as something that has chemicals within it, but whose character is defined by the way it is made, rather than its chemical content.…
TAILGATING COULD BE ANSWER TO POLLUTION TROUBLE
BY MONICA DOBIE
TAILGATING may actually be the answer to solving some air pollution woes in large congested cities, claims recent research published in the International Journal of the Environment and Pollution.
Scientists at India’s Jadavpur University have found that using safe automated tailgating or “platooning” whereby sensors and cruise control keep vehicles just one metre apart, reduces engine use and hence exhaust emissions, because cars travel in each other’s slipstream.…
EU CHEMICAL CONTROL SYSTEM REACH WILL IMPOSE DEMANDS ON PRINT SECTOR
BY KEITH NUTHALL and ALAN OSBORN
IT is self-evident that the printing industry is all about ink. And many inks are made with artificial chemicals. As a result, the sector and its ink suppliers have to take care they comply with the European Union’s (EU) new chemical control system REACH, which formally came into force on June 1.…
INDIA AIRPORT PARKING CHARGES INCREASE
BY RAGHAVENDRA VERMA, in New Delhi
AIRCRAFT landing and parking charges in India are expected to increase from May of 2008 when the government control over the pricing structure, put in place while privatising Delhi and Mumbai airports, will be replaced by a market oriented system.…
ABSOLUT VODKA BRAND DIRECTOR LOOKS TO THE FUTURE WITH OPTIMISM
BY MARK ROWE, in Stockholm
Interview with Anna Laestadius, Director Global Brand, Absolut Vodka.
*How would you describe the market for Absolut at the moment?
Absolut grew by seven per cent worldwide in 2006, from what we viewed as an already strong position, to a total volume of 89 million litres (2005, 83 million litres).…
EU COMMISSION SAYS CLOTHING COUNTERFEITING IS ON THE INCREASE
BY KEITH NUTHALL
A BOOM in counterfeit clothing accessories being smuggled into the European Union (EU) has overshadowed a fall in the trade in fake sportswear, according to the latest figures from the European Commission. It says EU customs officials seized 30 million items of clothing and accessory fakes last year, up 175%.…
INTERNATIONAL ROUND UP - GUINEA BISSAU FISHING ACCESS AGREEMENT
BY KEITH NUTHALL
THE EUROPEAN Union (EU) has signed another fishing access deal with a weak African state – this time with west Africa’s Guinea Bissau, which has recently been criticised for being a staging point for Europe-bound illegal narcotics from south America.…
EU COMMISSION SAYS CLOTHING COUNTERFEITING IS ON THE INCREASE
BY KEITH NUTHALL
A BOOM in counterfeit clothing accessories being smuggled into the European Union (EU) has overshadowed a fall in the trade in fake sportswear, according to the latest figures from the European Commission. It says EU customs officials seized 30 million items of clothing and accessory fakes last year, up 175%.…
EUROPEAN COMMISSION PREDICTS INCREASED CLOTHING COMMERCE THROUGH ASIAN TRADE DEALS
BY PAUL COCHRANE
SLATED European Union (EU) free trade agreements (FTA) with South Korea, India and the Association of South East Asian Nations (ASEAN) countries would dramatically boost commercial activity in the clothing, textile and apparel sectors if the agreements are passed, European Commission analysis says.…
WTO OFFICIALS LOSE PATIENCE WITH FOOD TRADE NEGOTIATORS
BY KEITH NUTHALL
THE TALKS chairmen at the World Trade Organisation’s (WTO) Doha Development Round talks on food liberalisation have lost patience with the big member governments trying to frame a deal behind the scenes, and will now draft take-it-or-leave-it proposals for the entire membership.…
ABSOLUT VODKA BRAND DIRECTOR LOOKS TO THE FUTURE WITH OPTIMISM
BY MARK ROWE, in Stockholm
Interview with Anna Laestadius, Director Global Brand, Absolut Vodka.
*How would you describe the market for Absolut at the moment?
Absolut grew by seven per cent worldwide in 2006, from what we viewed as an already strong position, to a total volume of 89 million litres (2005, 83 million litres).…
OIL MAJORS FACE UNEVEN DEVELOPMENT OF VAST MIDDLE EAST LNG RESERVES
BY PAUL COCHRANE, in Beirut
WITH demand for liquefied natural gas (LNG) surging across the globe, the Persian Gulf is at the epicentre of LNG developments due to its vast gas resources. But the rapid expansion of the sector is not without complications.…
WTO LAUNCHES INDIA WINE, SPIRITS DUTY PANEL
BY KEITH NUTHALL
THE WORLD Trade Organisation (WTO) has created a disputes panel to rule on the vexed question of whether India’s import duties on wines and spirits are so punishing, they break WTO rules. The panel will hear complaints from the United States, whose drinks industries have long chafed at the aggregated duties that range between 150% and 550%.…
WTO LAUNCHES INDIA WINE, SPIRITS DUTY PANEL
BY KEITH NUTHALL
THE WORLD Trade Organisation (WTO) has created a disputes panel to rule on the vexed question of whether India’s import duties on wines and spirits are so punishing, they break WTO rules. The panel will hear complaints from the United States, whose drinks industries have long chafed at the aggregated duties that range between 150% and 550%.…
NEW DELHI AIRPORT MOVES TOWARDS EXPANSION IN PRIVATE HANDS
BY RAGHAVENDRA VERMA, in New Delhi
“India is a cultural unity amidst diversity, a bundle of contradictions held together by strong but invisible threads”: These words uttered by India’s first Prime Minister Jawahar Lal Nehru used to once greet visitors on a plaque mounted at Delhi’s Indira Gandhi International (IGI) Airport.…
WTO CREATES DISPUTES PANEL TO RESOLVE INDIA SPIRITS ROW
BY KEITH NUTHALL
THE WORLD Trade Organisation (WTO) has created a disputes panel to rule on the vexed question of whether India’s import duties on wines and spirits are so punishing, they break WTO rules. The panel will hear complaints from the United States, whose drinks industries have long chafed at the aggregated duties that range between 150% and 550%.…
EUROPEAN COMMISSION PREDICTS INCREASED CLOTHING COMMERCE THROUGH ASIAN TRADE DEALS
BY PAUL COCHRANE
SLATED European Union (EU) free trade agreements (FTA) with South Korea, India and the Association of South East Asian Nations (ASEAN) countries would dramatically boost commercial activity in the clothing, textile and apparel sectors if the agreements are passed, European Commission analysis says.…
INTERNATIONAL ROUND UP - GUINEA BISSAU FISHING ACCESS AGREEMENT
BY KEITH NUTHALL
THE EUROPEAN Union (EU) has signed another fishing access deal with a weak African state – this time with west Africa’s Guinea Bissau, which has recently been criticised for being a staging point for Europe-bound illegal narcotics from south America.…
OIL MAJORS FACE UNEVEN DEVELOPMENT OF VAST MIDDLE EAST LNG RESERVES
BY PAUL COCHRANE, in Beirut
WITH demand for liquefied natural gas (LNG) surging across the globe, the Persian Gulf is at the epicentre of LNG developments due to its vast gas resources. But the rapid expansion of the sector is not without complications.…
NEW DELHI AIRPORT MOVES TOWARDS EXPANSION IN PRIVATE HANDS
BY RAGHAVENDRA VERMA, in New Delhi
“India is a cultural unity amidst diversity, a bundle of contradictions held together by strong but invisible threads”: These words uttered by India’s first Prime Minister Jawahar Lal Nehru used to once greet visitors on a plaque mounted at Delhi’s Indira Gandhi International (IGI) Airport.…
EUROPEAN COMMISSION PREDICTS LEATHER COMMERCE GAINS FROM ASIA TRADE DEALS
BY PAUL COCHRANE
SLATED European Union (EU) free trade agreements (FTA) with South Korea, India and the Association of South East Asian Nations (ASEAN) will dramatically boost commercial activity in the leather industry if the agreements are passed, claims a study by Copenhagen Economics for the European Commission.…
EUROPEAN COMMISSION PREDICTS LEATHER COMMERCE GAINS FROM ASIA TRADE DEALS
BY PAUL COCHRANE
SLATED European Union (EU) free trade agreements (FTA) with South Korea, India and the Association of South East Asian Nations (ASEAN) will dramatically boost commercial activity in the leather industry if the agreements are passed, claims a study by Copenhagen Economics for the European Commission.…
WTO OFFICIALS LOSE PATIENCE WITH FOOD TRADE NEGOTIATORS
BY KEITH NUTHALL
THE TALKS chairmen at the World Trade Organisation’s (WTO) Doha Development Round talks on food liberalisation have lost patience with the big member governments trying to frame a deal behind the scenes, and will now draft take-it-or-leave-it proposals for the entire membership.…
INDIA FIU CHIEF HAILS SUCCESS OF HIS NEW ANTI-MONEY LAUNDERING UNIT
EXCLUSIVE INTERVIEW
BY RAGHAVENDRA VERMA, in New Delhi
BACKED by a sense of achievement from the successful trip to Egmont Group’s 15th Plenary Session in Bermuda in May, where India finally got admitted into this key international anti-money laundering group, Arun Goyal, director of the country’s Financial Intelligence Unit (FIU-IND), has claimed in an exclusive interview with the Money Laundering Bulletin that after one year in business his agency is now fully operational.…
INDIA FIU CHIEF HAILS SUCCESS OF HIS NEW ANTI-MONEY LAUNDERING UNIT
BY RAGHAVENDRA VERMA, in New Delhi
BACKED by a sense of achievement from the successful trip to Egmont Group’s 15th Plenary Session in Bermuda in May, where India finally got admitted into this key international anti-money laundering group, Arun Goyal, director of the country’s Financial Intelligence Unit (FIU-IND), has claimed in an exclusive interview with the Money Laundering Bulletin that after one year in business his agency is now fully operational.…
WTO TALKS CHAIRMAN SAYS KEY DOHA ROUND CONTACT GROUP IS MAKING PROGRESS
BY KEITH NUTHALL
THE CHAIRMAN of the World Trade Organisation’s (WTO) Doha Development Round has revealed the key G4 Group within the negotiations (the US, Brazil, European Union and India – loosely representing all WTO factions) were now “seriously engaged” and talking “about substance” regarding a final deal.…
INDIA INSTALLS TECHNOLOGY TO CLEAN HIGH ASH COAL
BY RAGHAVENDRA VERMA, in New Delhi
INDIA’S possession of world’s fourth-largest coal reserves of 246 billion tonnes is marred in economic terms by a serious problem of high ash content and low calorific value that makes it almost unviable for steel industry use and expensive for power generation.…
EUROPEAN ENERGY POLICY - CHATHAM HOUSE CONFERENCE
BY ALAN OSBORN, in Westminster
ENERGY experts, officials and politicians from around the word have told a senior London conference ‘The New Politics of Energy: Europe in a Global Context’ how with rapidly global energy markets changing rapidly at present, the European Union is becoming more disadvantaged in coping with the coming new realities.…
SOUTHERN INDIA NURSE PROSPERS BY MOVING NORTH TO DELHI
BY RAGHAVENDRA VERMA, in New Delhi
SHY but confident, Leenia Thomas, 31, is among the few fortunate nurses in India satisfied with their present employment and not dreaming of immigrating to the UK, USA or the Gulf. However she still lives 2,000 km away from her hometown in the southern state of Kerala, which provides a large proportion of the nurses in India because of its high literacy rates and unusually strong cultural position of women.…
WTO TALKS CHAIRMAN CALLS FOR US LIBERALISATION
BY KEITH NUTHALL
THE CHAIRMAN of the World Trade Organisation’s (WTO) Doha Development Round has said the USA will have to reduce its overall food production subsidies to secure agreement in the global commerce talks. In his first formal paper since the round was temporarily suspended last July, chairman Crawford Falconer said, quite bluntly: “It is frankly inconceivable that the US will come out of this negotiation with an entitlement to spend more on overall trade distorting domestic support than it had when it came in.”…
ISO PLANS FISHING AND AQUACULTURE STANDARDS
BY KEITH NUTHALL
THE INTERNATIONAL Organization for Standardization (ISO) (NOTE: It uses the American spelling for its name) is staging a meeting this October of a new technical committee charged with creating technical good practice standards for the seafood industry’s aquaculture and wild harvested arms.…
ISO PLANS FISHING AND AQUACULTURE STANDARDS
BY KEITH NUTHALL
THE INTERNATIONAL Organization for Standardization (ISO) (NOTE: It uses the American spelling for its name) is staging a meeting this October of a new technical committee charged with creating technical good practice standards for the aquaculture and wild fish sectors.…
SOUTH KOREA PAINT INDUSTRY STRUGGLES TO PROSPER IN A MATURE ASIAN MARKET
BY KARRYN CARTELLE
ASIA’S paint and coatings industry may be growing but South Korea’s share of the market is on the decline. Indeed, the South Korea sector’s annual sales of US$3 billion make a small contribution to the global industry, where demand is predicted to reach US$83 billion this year.…
CHINA CIGARETTE COUNTERFEITERS PROSPER, DESPITE GOVERNMENT CLAMPDOWNS
BY MARK GODFREY, in Beijing
CIGARETTE counterfeiters have borne the brunt of recent Chinese government efforts to curb the country’s rampant trade in fake goods. However, Beijing’s recent efforts to rationalise and modernise the country’s cigarette industry – by some measures, the world’s largest – have unwittingly aided the counterfeiters.…
SARKOZY SPEECH CASTS GLOOM ON WTO DOHA ROUND PROSPECTS
BY KEITH NUTHALL
HOPES that the departure of former French president Jacques Chirac from the Élysée Palace would help create an opening for the World Trade Organisation’s (WTO) Doha Development Round have been dashed. New president Nicolas Sarkozy told northern France producers that he would insist on guaranteed subsidies protecting French meat and other specialities.…
EU COUNTERFEIT FIGURES SHOW FAKES BOOM CONTINUES
BY KEITH NUTHALL
THE BOOM in counterfeit goods being smuggled into the European Union (EU) is continuing, according to the latest figures from the European Commission. It says EU customs officials seized more than 250 million fake items in 2006, compared with 75 million in 2005 and 100 million in 2004.…
CHINA CIGARETTE COUNTERFEITERS PROSPER, DESPITE GOVERNMENT CLAMPDOWNS
BY MARK GODFREY, in Beijing
CIGARETTE counterfeiters have borne the brunt of recent Chinese government efforts to curb the country’s rampant trade in fake goods. However, Beijing’s recent efforts to rationalise and modernise the country’s cigarette industry – by some measures, the world’s largest – have unwittingly aided the counterfeiters.…
GLOBAL DUAL-USE TECHNOLOGY NUCLEAR NON-PROLIFERATION CONTROLS BECOME EVER MORE COMPREHENSIVE
BY DEIRDRE MASON
FIFTY years ago, the signing of the Euratom Treaty ushered in a system of European non-proliferation controls designed to prevent nuclear-associated technology being exploited for the illicit production of nuclear weaponry. And today, after the anniversary of the three agreements signed on March 25, 1957 that gave the European Communities – later the European Union (EU) – their legal basis, that ‘dual-use technology’ system continues to be refined.…
RESEARCHERS DEVELOP CURE FOR DRUG-RESISTENT TB FROM ANTI-FUNGAL MEDICINE
BY MONICA DOBIE
A UNIVERSITY of Manchester study has found that the active ingredient in many common anti-fungal drugs is effective in killing the tuberculosis bacteria, a discovery that could result in significantly reducing the number of deaths from standard TB and tackling emerging drug-resistant strains of the deadly disease.…
CARBON CAPTURE AND STORAGE HAS POTENTIAL TO BE MAJOR GLOBAL EMISSIONS MARKET PLAYER
BY ANDREW CAVE
THE THOUGHT of burying millions of tonnes of carbon dioxide underground is not for the risk-averse. If carbon dioxide is injected into pores in the earth’s crust that previously held oil and gas for thousands of years, will it stay there as long?…
NANOTECHNOLOGY OFFERS LAW ENFORCEMENT TOOLS TO FIGHT COUNTERFEITING AND PIRACY
BY MARK ROWE
IT might sound strange, but Darwin’s theory of evolution is as relevant to the anti-crime industry and its battle against counterfeiters, IT fraud and fake documentation as it is to the animal kingdom. As technology evolves to give security forces the upper hand, criminals and counterfeiters have historically been quick to play catch up.…
REACH TO HAVE GREAT IMPACT ON ASIA PAINT AND COATINGS INDUSTRY
BY ALAN OSBORN
PAINT and coatings manufacturers in the Asia Pacific region could be storing up trouble for themselves if they fail to grasp and act on the full implications of the European Union’s (EU) newly minted REACH system for classifying and labelling chemicals.…
EU MINISTERS APPROVE ASIAN PET PROTECTIVE DUTIES
BY KEITH NUTHALL
THE EUROPEAN Union (EU) Council of Ministers has re-imposed definitive antidumping duties on imports into the European Union (EU) of certain polyethylene terephthalate (PET) from India, Indonesia, Malaysia, South Korea, Thailand and Taiwan, as proposed by the European Commission.…
SEAFOOD INDUSTRY GETS EXPERT DISEASE GUIDANCE FROM WORLD ANIMAL HEALTH ORGANISATION
BY KEITH NUTHALL
DISEASE is maybe the seafood industry’s worst nightmare. Whole stocks, natural or farmed, can be wiped out overnight. And, with globalisation meaning disease is ever more likely to be transported by international shipping, cargo planes, chilled train wagons and lorries, it is increasingly important seafood businesses monitor disease outbreaks abroad, to protect themselves and their sticks against exposure.…
SOUTH KOREA STRENGTHENS MONEY LAUNDERING CONTROLS TO RESIST FINANCIAL CRIME FROM THE NORTH
BY ANDREW SALMON, in Seoul
LAST October, South Korea was admitted as an observer to the world’s premier group of money laundering fighters – the Financial Action Task Force (FATF) and given the nation’s recent moves to strengthen its anti-money laundering regime its path to full membership in approximately two years appears smooth.…
EUROPEAN COMMISSION PUSHES FOR RENEWAL OF PET ANTI-DUMPING DUTIES
BY KEITH NUTHALL
THE EUROPEAN Commission has announced plans to reimpose definitive antidumping duties on imports into the European Union (EU) of certain polyethylene terephthalate (PET) from India, Indonesia, Malaysia, South Korea, Thailand and Taiwan. The original duties were imposed in 2000 and were to lapse, but the Polyethylene Terephthalate Committee of Plastics Europe called for their reimposition, claiming the “expiry of the measures would… result in a continuation or recurrence of dumping and injury to the EU industry.”…
EU LAUNCHES EU PET PROTECTIVE DUTIES
BY KEITH NUTHALL
THE EUROPEAN Union (EU) Council of Ministers has re-imposed definitive antidumping duties on imports into the European Union (EU) of certain polyethylene terephthalate (PET) from India, Indonesia, Malaysia, South Korea, Thailand and Taiwan, as proposed by the European Commission.…
CHINA CONTINUES LONG MARCH TOWARDS STRONG NUCLEAR POWER CAPACITY
BY DINAH GARDNER, in Beijing
IT was already two years late, but China’s newest and biggest nuclear reactor has just been judged ready for full operation. The Russian-built 1060 MWe Tianwan nuclear power reactor in the eastern port city of Lianyungang in Jiangsu province came on line in January.…
HIGH OIL PRICES BRING INDIAN MARGINAL OIL AND GAS FIELDS INTO PLAY
BY RAGHAVENDRA VERMA, in New Delhi
HIGH crude oil prices, rapidly growing domestic demand, depleting reserves, and the absence of any really significant new oil discoveries in India has forced local oil and gas companies to exploit small and remote clusters of petroleum deposits, namely ‘marginal oil fields’.…
GLOBAL HEALTH NGO URGES EU ACTION AGAINST NOVARTIS IN INDIA PHARMA CASE
BY KEITH NUTHALL
THE INTERNATIONAL health group Médecins Sans Frontières (MSF) has made an unusual appeal to the European Union (EU) to back the Indian government in its legal fight with Swiss pharmaceutical giant Novartis over generic drugs. The company claims that India, whose generic drug sector produces a large proportion of medicines used in developing countries, insufficiently protects new drug products from being copied.…
ASIAN NATIONS SIGN SUSTAINABLE ENERGY PACT
BY KEITH NUTHALL
CHINA, India and Japan have joined the 10 Association of South East Asia Nations (ASEAN) countries, Australia, New Zealand and South Korea in signing the Cebu Declaration on East Asian Energy Security, on promoting energy sustainability. Although the pact includes no binding targets on emissions reduction, it strongly urges biofuel and other alternative energy sources development.…
EU FIGHTS INDIA AT WTO
BY KEITH NUTHALL
THE EUROPEAN Commission has launched a World Trade Organisation (WTO) case against India, where it could ask a disputes settlement panel to rule the high level of Indian spirits and wine import duties break WTO rules. They sometimes exceed 500%.…
EU ANNOUNCES AID FOR POLISH MEAT EXPORTS TO USA, JAPAN AND OTHER NON-EU MARKETS
BY KEITH NUTHALL
THE EUROPEAN Commission has announced it will spend Euro 870,000 over two years in helping Polish meat producers and processors export to the USA, Canada, Japan, China, India and other big non-European Union (EU) markets. As usual in these cases, Brussels is funding 50% of planned marketing programmes, matching financing coming from nation governments or private sources.…
EU ANNOUNCES AID FOR FOOD EXPORTS TO USA, JAPAN AND OTHER NON-EU MARKETS
BY KEITH NUTHALL
THE EUROPEAN Commission has announced it will spend around Euro 4.7 million in helping German, Greek, Italian and Polish food producers and processors export to the USA, Canada, Japan, China, India and other big non-European Union (EU) markets.…
EU ANNOUNCES AID FOR WINE EXPORTS
BY KEITH NUTHALL
THE EUROPEAN Commission has announced it will spend around Euro 4 million helping Cypriot, Greek and Portuguese wine producers export to the USA, Canada, Japan, China, India and other big non-European Union (EU) markets. As usual in these cases, Brussels is funding 50% of planned marketing programmes, matching financing from national governments or private sources.…
US RESEARCHERS COUNT SHARKS LOST TO FIN-FISHING SLAUGHTER
BY MONICA DOBIE
THE FIRST real-data study on the shark fin trade has estimated that 38 million sharks are killed annually: significantly higher than the 10 million accepted by the UN, although lower than the 100 million of some rough estimates.…
US PROFESSOR SAYS NAZI TECHNOLOGY WILL MAKE COAL LIVE FOREVER
BY MONICA DOBIE
TECHNOLOGY developed by Nazi Germany and Apartheid era South Africa to turn coal into oil could guarantee solid fuels markets well into the future, an American geological expert has claimed.
University of Washington Professor Emeritus Eric Cheney said making oil from coal by reacting it with water known as Fischer-Tropsch process could become commercially successful given sustained high oil prices.…
EU WARNS OF CONTINUED COSMETICS COUNTERFEITING BOOM
BY KEITH NUTHALL
THE EUROPEAN Commission has warned of a continued surge in counterfeits of perfumes and cosmetics entering the European Union (EU), with 694,633 fake products seized by customs officials last year. That said, this actually represents a fall in numbers from 2004, being 89% of the number seized in that year.…
EUROPEAN COMMISSION NAMES MEDICINE COUNTERFEITING HOTSPOTS
BY KEITH NUTHALL
THE EUROPEAN Commission has highlighted countries with particularly significant counterfeiting and piracy of medicinal products. Following 290 replies from businesses, trade associations and diplomatic missions, covering 63 countries, its survey report named Egypt as a real problem zone, criticising the December 2004 approval of 850 local copies of pharmaceuticals "without generic companies having to "prove the efficiency and safety of the copy".…
EU THREATENS WTO ACTION OVER INDIA DRINKS DUTIES
BY KEITH NUTHALL
THE EUROPEAN Commission is preparing for a probable World Trade Organisation (WTO) case against India, where it would ask a disputes settlement panel to rule its spirits and wine import duties break Indian WTO commitments. Brussels officials said they want a liberalisation promise from New Delhi by Friday (17-11) and would otherwise lodge a request for formal talks with India – the first stage of a disputes proceeding.…
WTO EXTENDS FREE-TRADE WAIVER FOR BLOOD DIAMOND CONTROLS
BY KEITH NUTHALL
THE WORLD Trade Organisation (WTO) has exempted from its standard free trade rules for a further six years countries involved in the Kimberley Process Certification Scheme combating ‘blood diamond’ sales.
Its current waiver was to expire December 31 and protects trade restrictions undertaken by participating countries preventing rough diamonds being exported to non-signatory states.…
US SENATE CLEARS INDIA NUCLEAR DEAL
BY RAGHAVENDRA VERMA
THE CONTROVERSAL Indo-US nuclear agreement on supplying latest technology and fuel to India’s civilian nuclear power plants finally got the approval from United States Senate last week.
However, in contrast to the House of Representative bill passed earlier this year, the Senate bill has added two clauses restricting re-export and insisting on the ‘end use monitoring’ on any transferred nuclear technology, which are viewed suspiciously in India.…
COCA-COLA AWAITS INDIA PESTICIDE RULING
BY RAGHAVENDRA VERMA, in New Delhi
PEPSI and Coca-Cola India received temporary relief today when the country’s Supreme Court agreed to wait for a forthcoming government food-safety report and delayed the verdict in a controversial pesticides contamination case for two months.…
EUROPEAN COMMISSION HIGHLIGHTS WORLD'S COUNTERFEIT GOODS HOTSPOTS
BY KEITH NUTHALL
WITH global trade ever increasing, and the power of brands to generate massive profits made starkly clear with every company report, the counterfeiting of goods is one of international organised crime’s major boom areas.
It is a serious problem for legitimate business, especially those based in developed countries with tough piracy controls, who are seeking to export to poorer countries where intellectual property crimes are a low priority.…
EU DETAILS THREAT POSED BY GLOBAL GOODS COUNTERFEITERS
BY KEITH NUTHALL
WITH global trade ever increasing, and the power of brands to generate massive profits made starkly clear with every company report, the counterfeiting of goods is one of international organised crime’s major boom areas. The European Commission has been researching the threat posed from around the world.…
EC IDENTIFIES CLOTHING, TEXTILE COUNTERFEITING HOTSPOTS
BY KEITH NUTHALL
INDIA has been branded a serious hotspot for counterfeit books, in a global European Commission survey of countries where product fakes are manufactured. The Commission’s directorate general (DG) for trade gathered information from companies, diplomatic missions and trade federations.…
EU COUNTERFEITING SURVEY HIGHLIGHTS CHILE AND INDIA FOR FAKE COSMETICS
BY KEITH NUTHALL
CHILE and India have been highlighted in a European Commission piracy survey as international blackspots for the counterfeiting of cosmetics and related products. Cosmetics companies "invoke frequent infringements of their design rights and utility models" in Chile, said the survey report, collated by the Commission’s directorate general (DG) for trade.…
INDIA USA NUCLEAR AGREEMENT ROW
BY RAGHAVENDRA VERMA, in New Delhi
FUEL reprocessing, inspection schedules, civilian/military separation and unilateral moratoriums versus bilateral commitments: the list of hurdles potentially hindering the Indo-American civilian nuclear cooperation deal, pending ratification by the United States Congress, is long. Varying interpretations and last minute amendments in the deal have shaken the Indian nuclear establishment and polarised political parties, problems that could derail the whole process.…
INDIA SELLS EXCESS OIL REFIINING CAPACITY TO OIL-PARCHED WEST
BY RAGHAVENDRA VERMA, in New Delhi
"REFINERY Process Outsourcing" or simply RPO is an exciting buzzword in the otherwise hard-pressed Indian petroleum industry, as the term represents newly found and highly profitable venture of operating refineries to fulfil surging international demand.…
FAO STEPHEN WHITE WORLD TOBACCO
BY PAUL COCHRANE, in Damascus and Amman
JORDAN and Syria both have large tobacco markets, with a third of Jordan’s population, and around 60% of Syria’s male population, being smokers. Both markets are growing, spurred on by large young populations and the cultural prevalence of smoking cigarettes and nargileh (water pipes), but not all is rosy in the sector.…
IRAN TOBACCO MARKET REPORT
BY PAUL COCHRANE
The Iranian tobacco market has been partly opened up to international players in the past five years and growth is expected to rise strongly, but development of the sector is beset by extraordinarily high rates of smuggling and governmental regulations.…
UNITED ARAB EMIRATES PAINT SECTOR FEATURE
BY PAUL COCHRANE, in Beirut
WITH the United Arab Emirates (UAE) in the midst of an unprecedented construction boom, the paint sector is flourishing with contracts of up to half a million dollars underway, 200% growth in fire-resistance paints, and over 16% growth predicted for the sector as a whole this year.…
HOODED DRAWSTRING TOPS WITHDRAWN IN FINLAND OVER STRANGLING RISK
BY KEITH NUTHALL
THE FINNISH government has helped secure the withdrawal from sale of 14 lines of tops because of concerns that their drawstrings could strangle children wearing them. The offending products were from Denmark, China, India, Hong Kong and Estonia, and included the BOYSTAR fleece-jacket; the BOGI Aaron-jacket; JONATHAN ECO CLIMATE baby overalls; and other lines, reported the European Commission’s RAPEX consumer alert service.…
USA FACES WTO PRESSURE OVER HAVANA CLUB DECISION
BY KEITH NUTHALL
THE UNITED States is coming under pressure at the World Trade Organisation (WTO) over its refusal of a licence allowing the registration of the contested Havana Club rum trademark to be renewed. Washington has already lost a WTO disputes case over the issue, with a panel declaring illegal clauses in its Omnibus Appropriations Act that prevent the registration of trademarks expropriated in the Cuban revolution after 1959.…
WTO DOHA ROUND TALKS COLLAPSE
BY KEITH NUTHALL
THE WORLD’S trade ministers will this autumn consider whether they want to restart the WTO’s Doha Development Round, which has been suspended amidst disagreement over its final food trade goals. Key players such as the USA, the EU, Australia, India and Brazil were unable in last-ditch talks to meet each other’s demand to cut food production subsidies, food tariffs and industrial duties.…
INDIA HIGHER EDUCATION EXPANSION - LOWER CASTES OPPORTUNITIES
BY RAGHAVENDRA VERMA, in New Delhi
OPPORTUNITIES for higher education are set to experience a sudden and massive increase in India, with the government ordering 500,000 new student places in more than 5,000 state funded universities, colleges and institutes of medical, engineering, management, agriculture and general studies.…
EASTERN EUROPE COSMETICS AND PERSONAL CARE INDUSTRY FEATURE
BY MARK ROWE
WHILE personal care product sales for the 15 countries that made up the European Union (EU) before 2003, plus Switzerland and Norway, increased by just 1% in 2005/2006 on the previous year – eastern Europe is a more enticing prospect for the industry, and has been singled out by major organisations and companies as a shining light for sales, investment and production.…
POOR HEALTH CONTROLS CREATE ASIA LEAD MARKETS
BY MONICA DOBIE
LEAD manufacturers may be able to increase sales by offering their product to paint companies in developing countries without restrictions on consumer paint production, US researchers have indicated.
The University of Cincinnati analysed 80 consumer paint samples of various colours and brands from India, Malaysia, China and Singapore to determine the amount of lead and compare them with the US’s stringent standards.…
OECD CALLS FOR DEVELOPING COUNTRY FOOD PRODUCTION INVESTMENT
BY KEITH NUTHALL
URBANISATION in developing countries will inflate demand for meat and processed foods generally from this year to 2015, the Organisation for Economic Cooperation and Development (OECD) has predicted. In a new ‘Agricultural Outlook’ written with the UN’s Food and Agriculture Organisation (FAO), the OECD says "growing market opportunities in certain developing countries" (notably Brazil, China and India) will cause a "shift in production and export of farm commodities away from [developed] OECD countries and more towards other developing economies".…
INDIA FEATURE IMAGES
BY RAGHAVENDRA VERMA, in New Delhi, India
*The Gas-reserves and Gas-production figures in the first table are from BP Statistical Review. Only in case of India’s daily gas production we have chosen a more widely quoted figure from Government of India, which is 15% more than BP’s.…
INDIA GRADUATE BUSINESS BRAIN DRAIN PROMPTS ACADEMIC SHORTAGE FEARS
BY RAGHAVENDRA VERMA, in New Delhi
ALARM bells are ringing in India’s scientific establishment as an increasing number of the country’s undergraduates are opting for lucrative jobs in its booming information technology sector, in place of moving onto higher studies.
"It is a very serious problem," said Professor G Krishnamoorthy, (NOTE – SPELLING IS CORRECT) Dean of the Tata Institute of Fundamental Research (TIFR), in Mumbai.…
LEAD IN PAINTS STUDY REVEALS CONTAMINATION IN ASIA
BY MONICA DOBIE
AMERICAN researchers say paint manufacturers continue to produce and sell consumer paints with dangerously high levels of lead in countries with weak environmental health controls. A University of Cincinnati study found 75% of all tested paint in India, China and Malaysia contained high levels of lead, with more than 50% of samples 30 times higher than the permitted US standard.…
WTO DOHA ROUND TALKS COLLAPSE - DRINKS INDUSTRY IMPLICATIONS
BY KEITH NUTHALL
THE WORLD’S trade ministers will this August and September be considering whether they want to make further compromises that could restart the World Trade Organisation’s (WTO) Doha Development Round, which have been suspended amidst disagreement over its final goals.…
OECD CALLS FOR DEVELOPING COUNTRY FOOD PRODUCTION INVESTMENT
BY KEITH NUTHALL
URBANISATION in developing countries will inflate demand for meat and processed foods generally from this year to 2015, the Organisation for Economic Cooperation and Development (OECD) has predicted. Its new ‘Agricultural Outlook’ identifies "growing market opportunities in certain developing countries" (notably Brazil, China and India).…
PAINT COMPANIES SELL LEADED PAINTS WHERE REGULATIONS ARE WEAK
BY MONICA DOBIE
AMERICAN researchers have found that paint manufacturers continue to produce and sell consumer paints with dangerously high levels of lead in countries with weak environmental health controls. A University of Cincinnati study, to be published in the journal Environmental Research, found 75% of all tested paint in India, China and Malaysia contained high levels of lead, with more than 50% of samples containing levels 30 times higher than the permitted US standard.…
WTO DOHA ROUND TALKS COLLAPSE - DRINKS INDUSTRY IMPLICATIONS
BY KEITH NUTHALL
THE WORLD’S trade ministers will this August and September be considering whether they want to make further compromises that could restart the World Trade Organisation’s (WTO) Doha Development Round, which have been suspended amidst disagreement over its final goals.…
CHINA OFFICIAL CLOTHING EXPORTS FALL AFTER QUOTAS REIMPOSED
BY KEITH NUTHALL
THE REIMPOSITION of quota limits last year on some Chinese textile products has driven official overseas sales down, according to European Commission figures. During the first quarter of 2006, China saw an overall decrease in exports to the EU of minus 12% in volume, although unit prices increased by 9%.…
WTO DOHA ROUND TALKS COLLAPSE
BY KEITH NUTHALL
THE WORLD’S trade ministers will this August and September be considering whether they want to make further compromises that could restart the World Trade Organisation’s (WTO) Doha Development Round, which have been suspended amidst disagreement over its final goals.…
WTO TALKS COLLAPSE EU BLAMES USA
BY KEITH NUTHALL
THE WORLD Trade Organisation’s (WTO) Doha round food trade talks collapsed today, with diplomats floundering about how to recover from damaging political deadlock. European Union (EU) trade Commissioner Peter Mandelson has bluntly blamed the Americans for refusing to yield on reducing farm production subsidies.…
AFRICA OIL GAS EXPLORATION RISKS FEATURE
BY STEVEN SWINDELLS, in Johannesburg
SECURITY specialists and risk assessors will be increasingly in demand within oil majors seeking to tap sub-Saharan Africa’s oil and gas riches in the next few years, experts say, with available resources and political uncertainty growing in an uneasy parallel.…
DOHA DEVELOPMENT ROUND WTO MODALITIES DRAFT ISSUED - DRINKS ISSUES
STORIES BY KEITH NUTHALL
HIGH import duties that especially restrict international trade in spirits will be chopped under a draft overall agreement for the World Trade Organisation (WTO) Doha Development Round agricultural liberalisation talks. These were issued last week by talks chairman Crawford Falconer, aiming at securing a deal by July 31.…
MIDDLE EAST LUXURY LEATHER GOOD DEMAND INDIA PAKISTAN PRODUCTION
BY PAUL COCHRANE, in Beirut
STRONG demand for leather luggage in the United Arab Emirates (UAE) is lining the pockets of tanners in Italy, Pakistan and Thailand.
According to a recent global online survey by marketing data company AC Nielsen, the UAE ranks among the top five countries worldwide for luxury branded luggage bags.…
INDIA ARMY RAT WAR
BY RAGHAVENDRA VERMA, in New Delhi
THE INDIAN army has launched an extermination attack on an exploding rat population in India’s northeastern hills, using mass poisoning and traps to avert an environmental disaster. Specialists say the unprecedented swarms of rats in the forests of Mizoram and Manipur states have been caused by the rare flowering of bamboo plants, which grow in thousands of square miles bordering
Myanmar (Burma).…
SOUTH AFRICA AND CHINA AGREE CLOTHING AND TEXTILE TRADE RESTRICTION DEAL
BY STEVEN SWINDELLS, in Johannesburg
SOUTH Africa and China have entered into a textile and clothing agreement to limit the flood of Chinese imports into Africa’s biggest clothing manufacturing centre.
Initialled during an official visit to South Africa by Chinese Premier Wen Jiabao, it offers a lifeline to the beleaguered South African textile industry, which has shed jobs and factories because of a surge in cheap Chinese imports.…
FIGEL INTERVIEW - EUROPEAN COMMISSION HIGHER EDUCATION REFORM COMMUNICATION
BY DAVID HAWORTH, in Brussels
IT is not often that Jan Figel, the European Union (EU) Commissioner for education, training and multilingualism makes headlines. Not only is the Slovak modest to a fault, but as under EU treaties, education policy is controlled by national governments, his responsibilities rarely get the headlines which other policy areas attract.…
INDIA ACP EU SUGAR
STORIES BY KEITH NUTHALL
THE EUROPEAN Commission is negotiating guaranteed 2006/7 cane sugar prices for deliveries from India plus the African, Caribbean, Pacific (ACP) block of countries: probably Euro 631.90/tonne for white sugar and Euro 496.80/tonne for raw sugar.
ENDS…
FIGEL INTERVIEW - EUROPEAN COMMISSION HIGHER EDUCATION REFORM COMMUNICATION
BY DAVID HAWORTH, in Brussels
IT is not often that Jan Figel, the European Union (EU) Commissioner for education, training and multilingualism makes headlines. Not only is the Slovak modest to a fault, but as under EU treaties, education policy is controlled by national governments, his responsibilities rarely get the headlines which other policy areas attract.…
TRADITIONAL MEDICINES FEATURE TAIWAN SOUTHERN AFRICA
BY STEVEN SWINDELLS, in Johannesburg, South Africa and DAVID HAWORTH, in Taiwan
TRADITIONAL health care systems do not always get a good press, being accused of incorporating superstition and poor medical practice. To some western public health advocates, they are akin to bringing back the leach.…
INDIA ACCOUNTING STANDARDS CONTROVERSY IAS APPLICATION
BY RAGHAVENDRA VERMA, in New Delhi
"WE will expedite the adoption of accounting standards in alignment with the International Accounting Standards", said India’s Prime Minister Manmohan Singh in a recent statement (18th March 06). With this, he cleared all doubt about his government’s support for the adoption in India of global accounting norms.…
SUNIL GOEL PROFILE
BY RAGHAVENDRA VERMA, in New Delhi
AN ALL-INDIA topper in school, the best performer in 1980 within his country’s Chartered Accountants’ Institute, and the first to hoist the sail of accountancy-outsourcing to India: Sunil Goel, 49, combines his academic knowledge, business skills and passion for information technology to reap the benefits of globally expanding business.…
EU COUNCIL OF MINISTERS ACP INDIA EUROPEAN COMMISSION SUGAR QUOTAS
BY KEITH NUTHALL
THE EUROPEAN Commission is negotiating guaranteed 2006/7 cane sugar prices for deliveries from India plus the African, Caribbean, Pacific (ACP) block of countries. In probably the last such talks before the EU sugar regime is reformed, a decision is expected May 1, and will probably be Euro 631.90/tonne for white sugar and Euro 496.80/tonne for raw sugar.…
INDIA MONEY LAUNDERING CONTROLS - NEW FIU
BY RAGHAVENDRA VERMA, in New Delhi
India – US$692 billion economy, 10th largest in the world and growing at 8% annually – has finally put an official anti-money laundering public organisation in place. Its Financial Intelligence Unit (FIU), as required by the Prevention of Money Laundering Act-2002 (PMLA), which came into force in July 2005, has become fully operational.…
WTO REPORT DOHA DEVELOPMENT ROUND - MODALITIES FOLLOW UP - ROUND CONCLUSION
BY KEITH NUTHALL
INTRODUCTION
THE WORLD’S multilateral food trading system today stands at a crossroads: faced with the suspension of the World Trade Organisation’s Doha Development Round, it can either retreat to protectionism, leavened by a series of competitive bilateral trade deals, or it can grasp the nettle of liberal free trade, slash subsidies and tariffs, and then watch the economic rewards roll in.…
EBRD MITTAL STEEL UKRAINE EXPANSION LOAN
BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) has drawn up plans to lend the Ukraine branch of Mittal Steel US$200 million to boost production and energy efficiency. Assuming it is approved by the EBRD board, the money would go to Mittal Steel Kryviy Rih, which was acquired by the India-based group to salvage what the EBRD says was a previously "flawed privatisation process".…
INDIA PAINT INDUSTRY FEATURE
BY RAGHAVENDRA VERMA, in New Delhi
THE INDIAN economy is booming and so, as a result, is the country’s US$1.8 billion paint and coating industry, which registered a 10 to 12% annual growth for third consecutive year, taking 2002-03, 2003-04, and 2004-05 into account.…
INDIA TIGER CONSERVATION VOX POP - NEW DELHI, ENDANGERED SPECIES
BY RAGHAVENDRA VERMA
FROM being coveted trophies for trigger-happy maharajas to the secret ingredient in Chinese aphrodisiacs, Indian tigers are on the verge of extinction. The most recent and serious threat to their existence is their dramatically shrunken habitat due to expanding human settlements.…
WTO REPORT DOHA DEVELOPMENT ROUND - MODALITIES FOLLOW UP - ROUND CONCLUSION
BY KEITH NUTHALL
INTRODUCTION
THE WORLD’S multilateral food trading system today stands at a crossroads: faced with the suspension of the World Trade Organisation’s Doha Development Round, it can either retreat to protectionism, leavened by a series of competitive bilateral trade deals, or it can grasp the nettle of liberal free trade, slash subsidies and tariffs, and then watch the economic rewards roll in.…
IFC INDIA STEEL OIL AND GAS PIPELINE LOAN
BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC), of the World Bank, is injecting US$20 million into Indian steel pipe maker PSL in loans and equity investments, helping expand large-diameter oil, gas and water steel piping production, notably satisfying demand from gas finds off Andrha Pradesh.…
ALAIN DAMAIS INTERVIEW - FINANCIAL ACTION TASK FORCE - MONEY LAUNDERING
BY ALAN OSBORN
THE COUNTRIES of eastern and southern Africa pose two particularly serious challenges for the Financial Action Task Force (FATF), the world’s leading anti money laundering agency, according to Alain Damais, the organisation’s executive secretary. In an interview with the Money Laundering Bulletin, he also discussed developments in money laundering typologies, the progress made by China towards becoming an FATF member and EU legislation designed to thwart laundering.…
WORLD BANK GLOBAL DEVELOPING COUNTRIES FOOD PRODUCTION INVESTMENT
BY KEITH NUTHALL
WORLD Bank lending to food production projects in developing countries rose by 40% to US$2.1 billion in July 2004 to June 2005, compared with the previous 12 months. The bank said US$1 billion investment went on irrigation, especially in India, US$247 million on food research, US$94 million on agro-industry, US$95 million on boosting food trade, and US$32 million on animal production.…
DEVELOPMENT AID INTERNATIONAL ORGANISATION ROUND UP, LEAD FREE PETROL, CULTURAL TRADE UNESCO, IFC ENVIRONMENTAL STANDARDS
BY KEITH NUTHALL
BY KEITH NUTHALL
UNEP – RISK MANAGEMENT
A BOOK detailing practical ways in which governments can reduce the costs of dealing with major challenges such bird flu, terrorism and climate change has been released by the United Nations Development Programme (UNDP).…
PET INDIA ANTIDUMPING DUTIES COMPANY DUTY REDUCTION
BY KEITH NUTHALL
PARIS (ICIS News)–The European Commission has this week (13-02) proposed exempting two Indian companies from anti-dumping duties imposed on India imports into the European Union (EU) of polyethylene terephthalate (PET) film. They are Jindal Poly Films Ltd, of New Delhi, and Polyplex Corporation Ltd, of Noida, Uttar Pradesh.…
WORLD BANK GLOBAL DEVELOPING COUNTRIES FOOD PRODUCTION INVESTMENT
BY KEITH NUTHALL
WORLD Bank lending to food production projects in developing countries rose by 40% to US$2.1 billion in July 2004 to June 2005, compared with the previous 12 months. The bank said US$247 million was spent on food research and development, US$94 million on agro-industry, US$95 million on boosting food markets and trade, and US$32 million on animal production.…
EFSA FOOT AND MOUTH DISEASE - FMD - IMPORT AVOIDANCE ADVICE
BY KEITH NUTHALL
THE EUROPEAN Food Safety Authority (EFSA) has released practical guidance on how Europe can shore up its defences against the import of foot-and-mouth disease. With fresh outbreaks erupting in Argentina and cases continuing to occur in China and India, EFSA has declared: "With further globalisation, the resources needed to reduce the risk…will probably continue to grow".…
CHINA VIETNAM EU SHOES ANTI-DUMPING DUTIES EUROPEAN COMMISSION
BY ALAN OSBORN
A PROPOSAL by the European Union (EU) trade commissioner Peter Mandelson to impose provisional anti-dumping duties of 19.4 % on imported leather shoes from China and 16.8% on those from Vietnam has sparked protests from the Chinese Leather Association (CLA), caused concern among EU retailers and importers, while bringing uncertainty into the global leather market.…
CHINA COAL MINE METHANE EXTRACTION PROJECTS WORLD BANK
BY KEITH NUTHALL
IT is not always the case that an initiative tackling an mining environmental problem also directly improves the health and safety of miners, but this is true for a new World Bank project to remove methane from Chinese coal mines.…
PET INDIA ANTIDUMPING DUTIES COMPANY DUTY REDUCTION
BY KEITH NUTHALL
PARIS (ICIS News)–The European Commission has this week (13-02) proposed exempting two Indian companies from anti-dumping duties imposed on India imports into the European Union (EU) of polyethylene terephthalate (PET) film. They are Jindal Poly Films Ltd, of New Delhi, and Polyplex Corporation Ltd, of Noida, Uttar Pradesh.…
CHRISTMAS BOOK SALES 2005 - INDIA
BY Raghavendra Verma in New Delhi
Astrology, philosophy, cookery and international bestsellers led December sales in the booming billion-pound book market in India. The country is also the world’s third largest producer of English titles.
"Reading habits are picking up and so is purchasing power but retailers are reluctant to provide sales figures so even a rough estimate of total sales is next to impossible."…
IFC INDIA OIL PIPELINE MANUFACTURER LOAN
BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC), of the World Bank, is injecting US$20 million in financial support into Indian steel pipe maker PSL Limited. This is designed to help the company expand production capacity to meet rising domestic and international demand for large-diameter oil, gas and water steel piping.…
SOUTH AFRICA PHARMACEUTICAL INDUSTRY EXPANSION INDIA COMPETITION ASPEN AIDS DRUGS
BY STEVEN SWINDELLS, in Johannesburg
SOUTHERN Africa’s leading generic drugs manufacturer Aspen is confident that it can capitalise on the increasing take up of life-prolonging generic anti-retroviral (ARV) drugs, in the fight against HIV-AIDS. But industry analysts have questioned demand forecasts for ARVs and warn that rival Indian generic manufacturers could be a threat to Aspen’s market ambitions.…
IMO INTERNATIONAL SHIP RECYCLING GUIDELINES BASEL CONVENTION ILO HEALTH AND SAFETY
BY DEIRDRE MASON
THEY may take a few years to come into effect, but binding international rules now under discussion, to cover ship recycling will "green" the dirty and unacceptable face of an unregulated industry notorious for environmental damage and appalling working conditions.…
AZO DYE CONTAMINATION CONSUMER BAN EU - RAPEX ALERT SYSTEM
BY KEITH NUTHALL
BANNED azo dyes are still turning up in clothing and textile products sold by European Union (EU) retailers, the European Commission’s consumer alert service RAPEX has warned. It reported that four products had recently been withdrawn from sale because of contamination with these prohibited chemicals.…
ISRAEL ANTI-DUMPING COUNTERVAILING DUTIES - EU COUNCIL OF MINISTERS EXEMPTION
BY KEITH NUTHALL
PARIS (ICIS News)–The European Union (EU) Council of Ministers has exempted Hanita Coatings Rural Cooperative Association Ltd, of Hanita, Israel, from existing definitive 53% anti-dumping and 19.1% countervailing duties on imports of polyethylene terephthalate film from India, Brazil and Israel.…
WTO SUMMIT HONG KONG - INDUSTRIAL GOODS SERVICES LIBERALISATION DOHA DEVELOPMENT ROUND
BY KEITH NUTHALL
AUTO manufacturing firms will be closely monitoring next week’s World Trade Organisation (WTO) summit in Hong Kong for signs that the WTO’s long-running Doha Development Round talks are about to crack open national automobile markets. Key auto industry countries – the US, the European Union, Canada, Japan, South Korea, India and Brazil – have been making steady progress this year in identifying non-tariff barriers to trade they would like to remove, such as burdensome customs procedures, technical engineering rules and licences.…
WTO TRIPS AGREEMENT GENERIC MEDICINES WAIVER - PERMANENT
BY KEITH NUTHALL
THE WORLD Trade Organisation’s (WTO) general council has permanently amended the Trade Related Aspects of Intellectual Property Rights (TRIPS) agreement to make permanent the 2003 waiver helping poor countries obtain generic medicines during health emergencies. The TRIPS amendment enables any WTO member country to export generic pharmaceuticals made under a compulsory licence to assist countries lacking their own manufacturing capacity.…
WTO TRIPS AGREEMENT GENERIC MEDICINES WAIVER - PERMANENT
BY KEITH NUTHALL
THE WORLD Trade Organisation’s (WTO) general council has permanently amended the Trade Related Aspects of Intellectual Property Rights (TRIPS) agreement to make permanent a 2003 waiver helping poor countries obtain generic medicines during health emergencies. The TRIPS amendment enables any WTO member country to export generic pharmaceuticals made under a compulsory licence to assist countries lacking their own manufacturing capacity and whose nurses and doctors would otherwise be unable to deal with a serious disease problem.…
WTO SUMMIT HONG KONG - SERVICES LIBERALISATION - DOHA DEVELOPMENT ROUND - ACCOUNTANCY AIMS
BY KEITH NUTHALL
INTERNATIONAL accountancy firms will be closely monitoring next week’s World Trade Organisation (WTO) summit in Hong Kong for signs that the WTO’s long-running Doha Development Round talks are about to crack open national accounting and auditing markets. Progress in refreshing the WTO General Agreement on Trade in Services (GATS) has been sluggish since talks began in 2000, one year ahead of the general round, with few trade-offs being offered in bilateral exchanges.…
CARS 21 ASSESSMENT EU ACADEMICS - EU CAR INDUSTRY FUTURE PLAN
BY DEIRDRE MASON, in London
THE EUROPEAN car industry is putting itself in a strong position to tackle competition from rising economies, a leading UK automotive industry expert told wardsauto.com.
Speaking after the European Union (EU) launched its CARS 21 roadmap for a competitive automobile industry, Professor Garel Rhys, director of the Centre for Automotive Industry Research at Cardiff University, Wales, said: “Our product has renewed itself.…
GABON EU FISHING DEAL - EU NORWAY DEAL - ESA PATAGONIAN TOOTHFISH - ECJ SPAIN FRANCE GREECE
BY KEITH NUTHALL
THE EUROPEAN Union and Norway have divided up common stocks within the North Sea for 2006, overcoming difficult conservation problems, especially regarding cod. Brussels and Oslo have agreed on a long-term management plan for cod, to come into effect when the stock has returned to safe biological levels.…
INDIA EXAMINATION CHEATING SCANDAL EXAMINATION PAPER THEFT - HOTEL CRAMMING
BY RAGHAVENDRA VERMA, in New Delhi
INDIAN students, desperate to prosper from the country’s booming economy, are resorting to expensive means of cheating to clear competitive examinations senior academics are warning. "The problem is getting serious day-by-day. For a limited number of seats in medical, engineering and management institutions, an increasing number of students, with active support of their parents, are trying to succeed by hook or crook", warns Dr.K.K.Jha,…
CARS 21 ASSESSMENT EU ACADEMICS - EU CAR INDUSTRY FUTURE PLAN
BY DEIRDRE MASON, in London
THE EUROPEAN car industry is putting itself in a strong position to tackle competition from rising economies, a leading UK automotive industry expert told wardsauto.com.
Speaking after the European Union (EU) launched its CARS 21 roadmap for a competitive automobile industry, Professor Garel Rhys, director of the Centre for Automotive Industry Research at Cardiff University, Wales, said: "Our product has renewed itself.…
GABON EU FISHING DEAL - EU NORWAY DEAL - ESA PATAGONIAN TOOTHFISH - ECJ SPAIN FRANCE GREECE
BY KEITH NUTHALL
THE EUROPEAN Union and Norway have divided up common stocks within the North Sea for 2006, overcoming difficult conservation problems, especially regarding cod. Brussels and Oslo have agreed on a long-term management plan for cod, to come into effect when the stock has returned to safe biological levels.…
INDIA FEATURE - HAWALA, BRIBERY, CORRUPTION, CASH-FOR-PARLIAMENTARY QUESTIONS
BY RAGHAVENDRA VERMA, in New Delhi
INDIA’S opening-up as a free market economy, along with the adoption of new technology, reformed laws, and the presence of vigilant media are curbing many commercial crimes in the world’s largest democracy, but criminals still find ways to make a dishonest Rupee.…
INDIA FEATURE - HAWALA, BRIBERY, CORRUPTION, CASH-FOR-PARLIAMENTARY QUESTIONS
BY RAGHAVENDRA VERMA, in New Delhi
INDIA’S opening-up as a free market economy, along with the adoption of new technology, reformed laws, and the presence of vigilant media are curbing many commercial crimes in the world’s largest democracy, but criminals still find ways to make a dishonest Rupee.…
ALTERNATIVE REMITTANCE SYSTEMS MONEY LAUNDERING - INDIA - TERRORIST FINANCE CONCERN
BY ALAN OSBORN
ONLY comparatively recently have the world’s anti money laundering agencies come to grips with alternative remittance systems (ARS) and even today the scale of the systems and the degree of infiltration by criminals is still not fully known.…
ICAO NEW AIR ROUTES - INDIA, USA, RUSSIA - SIBERIA, SOUTH KOREA
BY KEITH NUTHALL
THE INTERNATIONAL Civil Aviation Organisation (ICAO) is considering an application for the creation of three new civil aviation routes linking the Russian far east and South Korea, crossing North Korean air space over the Sea of Japan. An ICAO meeting concluded that the “extreme high cost of fuel has elevated this to an urgent request”.…
IRAQ OIL FOR FOOD - PLASTICS - SADDAM KICKBACKS REPORT
BY KEITH NUTHALL
EUROPEAN plastics companies paid together hundreds-of-thousands of dollars in kickbacks to the toppled Saddam Hussein regime, the Independent Inquiry Committee into the UN Iraq Oil for Food programme scandal has claimed. A report said they paid Iraq to secure humanitarian supply contracts under the scheme, out of 2,200 companies overall.…
CARBON CAPTURE TECHNOLOGY PROGRESS - IPCC - EU RESEARCH
BY KEITH NUTHALL
AS EUROPEAN Union (EU) ministers this month (November) resume their discussions on the medium-term (2007-13) budget for EU institutions, they have a lot of balls to juggle, including farm subsidies, the infamous British rebate, overall economic competitiveness and future EU research spending.…
IRAQ OIL FOR FOOD PROGRAMME REPORT - OILS AND FATS KICKBACKS
BY KEITH NUTHALL
OILS and fats companies paid hundreds of thousands of dollars in kickbacks to the toppled Saddam Hussein regime, the Independent Inquiry Committee into the UN Iraq Oil for Food programme scandal has claimed. More than 200 suppliers from countries including Jordan, India, Indonesia, Russia and Egypt paid Iraq to secure contracts to supply humanitarian supplies.…
UNIDO INDIA PUNJAB KNITTING CLUSTER SUPPORT
BY KEITH NUTHALL
THE UNITED Nations Industrial Development Organisation (UNIDO) has released details of how it helped a cluster of Indian knitwear producers deal with liberalisation following India’s accession to the World Trade Organisation. The knitwear industry of Ludhiana, the Punjab, was helped to cope with a skilled worker shortage, a limited product range and excess reliance on a domestic market that was no longer protected.…
STEEL ROPES AND CABLE ANTI-DUMPING DUTIES - INDIA, CHINA, SOUTH AFRICA, UKRAINE
BY KEITH NUTHALL
THE EUROPEAN Union (EU) Council of Ministers has renewed anti-dumping duties imposed upon imports into the EU of steel ropes and cables from India (30.8%), China (60.4%) including those routed through Morocco, Ukraine (51.8%) including Moldova-routed products and South Africa (38.6%).…
JAPAN PAINT INDUSTRY FEATURE
BY MARK ROWE
OVERSHADOWING the Japanese paint industry in recent years has been the overall shape of the country’s economy. The stagnation of the economy lasted for much of the 1990s but it showed signs of recovery in the first half of fiscal 2004-2005, driven by solid exports and strong corporate capital investment.…
UN OIL FOR FOOD PROGRAMME DYE SUPPLIES SADDAM KICKBACKS - IRAQ
BY KEITH NUTHALL
DYE supplies companies paid together hundreds-of-thousands of dollars in kickbacks to the toppled Saddam Hussein regime, the Independent Inquiry Committee into the UN Iraq Oil for Food programme scandal has claimed. There were four dye suppliers named in a report paying Iraq to secure humanitarian supply contracts under the scheme, out of 2,200 companies overall.…
SOUTH ASIA CIVIL AVIATION BOTTLENECKS
BY KEITH NUTHALL
THE INTERNATIONAL Civil Aviation Organisation (ICAO) has warned “bottlenecks in Indian and Pakistan airspace” are being caused by “route and level restrictions and limitations within the Kabul FIR”, in Afghanistan. The problem has caused traffic intended for the Kabul-controlled area to be diverted via Iran.…
UNESCO ARSENIC POLLUTION CLEANSER
BY KEITH NUTHALL
UNESCO, the UN’s scientific and cultural organisation, has launched a filter removing arsenic from water and which could save tens of millions of lives. Unveiled at its headquarters in Paris, UNESCO said the filter was “simple and ecologically sound”, using as an absorbent recycled iron oxide coated sand produced as a by-product in groundwater treatment plants “available at no cost almost everywhere”.…
UN OIL FOR FOOD REPORT IRAQ SADDAM HUSSEIN KICKBACKS- TEA COMPANIES, INDIA
BY KEITH NUTHALL
TEA companies paid hundreds of thousand of dollars in kickbacks to the toppled Saddam Hussein regime, the Independent Inquiry Committee into the UN Iraq Oil for Food programme scandal has claimed. More than 200 tea suppliers from countries including India, Indonesia, Russia and Sri Lanka bribed the Iraq government to secure contracts to supply humanitarian supplies under the scheme, out of 2,200 companies named in a committee report.…
UNESCO ARSENIC POLLUTION CLEANSER
BY KEITH NUTHALL
UNESCO, the UN’s scientific and cultural organisation, has launched a filter removing arsenic from water and which could, it claims, save tens of millions of lives from a pollutant created by many mines. Unveiled at its headquarters in Paris, UNESCO said the filter was “simple and ecologically sound”, using as an absorbent recycled iron oxide coated sand produced as a by-product in groundwater treatment plants “available at no cost almost everywhere”.…
STEEL ROPES AND CABLE ANTI-DUMPING DUTIES - INDIA, CHINA, SOUTH AFRICA, UKRAINE
BY KEITH NUTHALL
THE EUROPEAN Commission has proposed extending anti-dumping duties imposed upon imports into the European Union (EU) of steel ropes and cables from India (30.8%), China (60.4%) including those routed through Morocco, Ukraine (51.8%) including Moldova-routed products and South Africa (38.6%).…
BANGLADESH FEATURE
BY KENCHO WANGDI
BANGLADESH’S paint industry claims to be thriving on an upbeat construction and healthy economy, despite the knocks it has suffered because of global liberalisation of the country’s key textile industry this January. Piggy-backing on a real estate boom, the Bangladeshi market for residential paints and wall coverings continues to maintain a relentless upwards march of around 7% a year.…
INDIA - EU NUCLEAR COOPERATION
BY KEITH NUTHALL
THE EUROPEAN Union (EU) appears to have completely forgiven India for developing nuclear weapons, forging a broad cooperation agreement involving both sides working together to develop nuclear energy. This will be coordinated by an India-EU Energy Panel, whose role involves creating a working group on fusion energy, charged with considering Indian participation in the ITER project.…
TSUNAMI ANALYSIS
BY MARK ROWE
ON Boxing Day 2004, as the shockwaves from the tsunami rolled out across the Indian Ocean, one very important procedure quietly went according to plan. Detectors at the Indira Gandhi Kalpakkam power station on India’s east coast sensed the rising water levels and automatically shut the plant down.…
TSUNAMI MEETING
BY KEITH NUTHALL
SCIENTISTS worldwide are re-assessing risks posed worldwide to nuclear power reactors by flooding from tsunamis, after last December’s disaster. Delegates to an International Atomic Energy Agency (IAEA) conference staged at India’s Kalpakkam power station heard how it had shut down for six days after being hit by Tsunami waters.…
LEATHER RAW MATERIALS SECTION - EU MARKET REPORT
BY KEITH NUTHALL
DETAILS of restrictions imposed on exports to European buyers of leather raw materials have been highlighted in the detailed European Union (EU) market report. It identifies India, China, the US, Pakistan and Russia as “very important markets” for the supply of leather raw materials, whilst Argentina, Australia, Brazil, Egypt, Indonesia, South Africa, Malaysia and Brazil are labelled as “important suppliers (mainly by tanners)”.…
EU LEATHER GLOBAL MARKET REPORT
BY KEITH NUTHALL
THE STEEP decline in sales of European Union (EU) finished leather to its number one market, the United States, has been highlighted by a comprehensive report on the global leather (and textile) market written for the European Commission.…
TSUNAMI WARNING
BY ALAN OSBORN
INSURERS should have a much clearer idea of the risks involved in extending cover to the areas hit by the tsunami at the end of last year following agreement by 23 Indian Ocean nations to share data and set up seven regional warning centres.…
IAEA TSUNAMI
BY KEITH NUTHALL
SCIENTISTS worldwide are re-assessing risks posed worldwide to nuclear power reactors by flooding from tsunamis, after last December’s giant waves shut down a plant in India. Delegates to an International Atomic Energy Agency (IAEA) conference staged at this Kalpakkam power station heard how it withstood the disaster.…
ASIAN POVERTY
BY KEITH NUTHALL
THE RISING prosperity of China, India and the east Asian “tigers” hides extreme poverty in least developed countries, such as Nepal, Laos and Cambodia, a UN Development Programme-coordinated report warns. Development aid and debt relief to these countries have been “disproportionately low”.…
ASIA/PACIFIC GROUP ON MONEY LAUNDERING
BY MATTHEW BRACE
FIGHTING money laundering is about getting your hands dirty. The Financial Action Task Force (FATF) may pronounce global standards that it would like jurisdictions to follow, but all governments need help, and often regional bodies are better placed to do the detailed work than more remote global organisations.…
ICC - IP
BY KEITH NUTHALL
DEVELOPING countries can benefit from intellectual property laws, a World Intellectual Property Organisation (WIPO) intergovernmental meeting has been told. Representatives from innovative and creative industries in Brazil, India, Argentina and Egypt explained how IP rules had helped boost their industries’ competitiveness.…
FAO TEA REPORT
BY KEITH NUTHALL
GLOBAL tea production hit a new record high in 2004, growing 2% to reach an estimated 3.2 million tonnes, the UN Food and Agriculture Organisation has reported. The expansion was mainly due to increases in Turkey, China, Kenya, Malawi, Sri Lanka and Indonesia, offsetting declines in other major producing countries, notably India and Bangladesh.…
USA FEATURE
BY DEIRDRE MASON
ALTHOUGH the US economy is still somewhat sluggish, there are little signs so far that this is having a serious effect on the overall performance of the American paint and coatings industry. Where changes are likely to be seen over the coming years is within individual markets for these products.…
AUTOMOTIVE PAINT - ASIA
BY JONATHAN THOMSON
CARMAKERS have experienced tremendous growth in the Asia Pacific region recently, as China and India in particular generate new sales and manufacturing opportunities. General Motors recently announced that its 2005 first quarter production figures for the region were up by around 14% compared with 2004, with Ford and other leading manufacturers predicting similar growth.…
EU IMPORT FIGURES
BY KEITH NUTHALL
CHINA’S competitors in the race to exploit this year’s abolition of clothing and textile import quotas have been holding their own in sales to the European Union (EU), new trade figures show. Released by the European Commission, the statistics illustrate how China has – as expected – grown EU exports sharply: from January to May, it sold Euro 7.3 billion’s worth of clothing and textile products, up from Euro 5.4 billion the previous year.…
WTO SUGAR APPEAL
BY KEITH NUTHALL
THE GLOBAL sugar industry will scrutinise the text of an appeal verdict issued yesterday (28-4) by the World Trade Organisation (WTO), confirming an earlier decision that European Union’s (EU) existing sugar subsidies break WTO rules. The European Commission has already accepted the decision, which is important, because it will on June 22 publish detailed reforms and EU agriculture Commissioner Mariann Fischer Boel has responded: “I will take account of this verdict when I finalise the reform proposals”.…
INDIA ANTI-BIOTICS
BY KEITH NUTHALL
THE EUROPEAN Commission has proposed reimposing existing countervailing duties on imports into the European Union (EU) of Indian manufactured broad-spectrum antibiotics amoxicillin trihydrate, ampicillin trihydrate and cefalexin. Brussels fears EU producers would suffer from an abolition of protection, from Indian government production subsidies.…
EU GREEN PAPER
Keith Nuthall
THE EUROPEAN Commission has made the case for governments and inter-governmental organisations increasing their influence over cross-border accountancy bodies, such as the International Accounts Standards Board (IASB). In a green paper on financial services, Brussels said that “the debate about the future governance, funding and political accountability of global standard-setting bodies….are…
IAEA SAFETY MEETING
BY KEITH NUTHALL
BETTER efforts need to be made to ensure a “culture of safety” exists in nuclear power plants worldwide, a meeting of the parties to the United Nations Convention on Nuclear Safety has concluded. Debating the current problems the idea at the International Atomic Energy Agency (IAEA) headquarters in Vienna, the meeting noted “in some instances…safety culture in nuclear power plants should be strengthened as deficiencies were reported in areas of decision-making, even management and internal communications”.…
DELOITTE & TOUCHE - TSUNAMI
BY ALAN OSBORN
SUDDENLY accountants are being held in unusually high esteem and it’s all because of their work in connection with the relief effort for victims of the Boxing Day tsunami. To date some Pounds 4.7 billion for the stricken countries has been raised worldwide but nothing like that sum has yet got through to the people affected; some of it stolen perhaps and some of it wasted, but a lot of it bogged down in inadequate financial infrastructures: step forward the big multinational accountancy firms who have provided staff, management and professional advice and training, a good deal of it on a pro bono publico basis.…
FATF'S FUTURE MONEY LAUNDERING
BY ALAN OSBORN
CHINA’S presence at the meeting of the Financial Action Task Force (FATF) in Paris in February was a powerful reminder of how the world’s great economic, trade and regulatory institutions are changing, with consequences that few people probably fully grasp today.…
CEA WTO ROUND CALL
BY KEITH NUTHALL
AS the May 31 deadline looms for World Trade Organisation (WTO) member countries to make formal offers to liberalise their service industries, the Comité Européen des Assurances (CEA) has called on Brazil, India and China to be as generous as they can.…
RUSSIA FEATURE
BY MARK ROWE
IN the days of the Soviet Union, Russians would make jokes about the shades of “concrete” grey available for any internal redecorating you planned to do. No longer. Disposable incomes are higher, so Russians are discovering DIY, while a vast face-lift has been given to many of the country’s cities and towns.…
INDIA - WTO SERVICES
Keith Nuthall
THE INDIAN government is considering allowing foreign accounting firms to conduct audits in India, a privilege that has so far been reserved for accountants or partnerships registered with the Institute of Chartered Accountants of India. It is consulting Indian business on the idea, which could be written into a formal offer to liberalise the country’s services sectors through the World Trade Organisation’s (WTO) Doha Development Round.…
PIEBALGS' PRIORITIES
BY KEITH NUTHALL
ANDRIS Piebalgs, the European Union (EU) Commissioner for energy, has announced that clean coal technologies and CO2 capture will be his top priorities for energy research during his five-year term. Speaking as the European Commission attempts to persuade EU ministers to support expanding Brussels’ budget for research for 2007-13, Piebalgs said: “Such technologies are not just important in order to enable Europe to meet its Kyoto obligations and the challenges of the (EU’s) Lisbon agenda” on economic competitiveness.…
IFC - TURKEY
BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC), of the World Bank, has pumped more money into Turkey vehicle fleet management company Intercity. It will lend Intercity US$42.75 million, which follows the IFC’s purchase of 20% equity earlier this year. The latest loan, said the IFC, would “strengthen Intercity’s long-term leasing of its vehicle fleet to a variety of private sector enterprises”.…
BHUTAN SALES BAN FEATURE
BY KENCHO WANGDI
THE TINY Himalayan Kingdom of Bhutan has never been if great – if any – interest to the tobacco industry, until this January 1, when it became the first country in the world to ban domestic tobacco sales.…
BHUTAN TOBACCO BAN FEATURE
BY KENCHO WANGDI
“NO smoking on the dance floor guys, please,” the DJ screams into the microphone of a nightclub in Thimphu, the capital of the Himalayan Kingdom of Bhutan.
But the younger members the country’s English speaking elite continue to writhe on the dance floor, fingers gripping half-smoked cigarettes, clouds of smoke wafting through the neon light, even though since March 1 public smoking has been illegal.…
TASMANIAN METALS BOOM
BY MATTHEW BRACE
TASMANIA’S non-ferrous metals industry is enjoying a welcome resurgence with strong production targets for the next five to ten years.
Miners in Australia’s island state are reluctant to call it a “metals rush” but it is the most significant set of resource finds for more than 100 years.…
CSR CONFERENCE AOInv102
BY ALAN OSBORN
LARGE insurance companies will note with interest the UK government’s announcement at an international conference attended by Insurance Day, of plans to promote corporate social responsibility (CSR) around the world. Trade minister Nigel Griffiths told the Royal Institute of International Affairs (Chatham House) conference said his government would create a “framework setting out the Government’s approach to CSR at the global level” which will be an attempt “to push the CSR agenda internationally.”…
EU WINE PUBLICITY
BY KEITH NUTHALL
THE EUROPEAN Commission will spend Euro millions over the next three years promoting French, Spanish, Portuguese, Italian, German and Austrian wines in key foreign markets. Announcing the latest of a series of such grants, (matched by national funding), Brussels noted that the main targets would be north America, China, Russia, India, Japan and non-European Union countries in central and eastern Europe.…
EU WINE PUBLICITY
BY KEITH NUTHALL
THE EUROPEAN Commission will spend the majority of a new Euro 5 million budget over the next three years promoting French, Spanish, Portuguese, Italian, German and Austrian wines in key foreign markets. Brussels noted that the main targets would be north America, China, Russia, India, Japan and non-European Union countries in central and eastern Europe.…
SINGAPORE/MALAYSIA/INDONESIA
BY MATTHEW BRACE
SINGAPORE’S economy is rejuvenating after the horrors of early 2004 when the threat of terrorism (both internationally and closer to home in South East Asia), and then the SARS virus hit the city state hard, shrinking demand for construction and hence the amount of money to be made by the coatings sector.…
TASMANIA'S METALS
BY KEITH NUTHALL
TASMANIA’S metals industry is enjoying a welcome resurgence, with non-ferrous metals leading the charge, nickel, copper and tin being the main players. Miners in the Australia island state are reluctant to call it a ‘metals rush’ but it is the most significant set of resource finds for more than 100 years in the island.…
TASMANIAN METALS BOOM
BY MATTHEW BRACE
TASMANIA’S non-ferrous metals industry is enjoying a welcome resurgence with strong production targets for the next five to ten years.
Miners in Australia’s island state are reluctant to call it a “metals rush” but it is the most significant set of resource finds for more than 100 years.…
WTO COTTON SUB-COMMITTEE
BY KEITH NUTHALL
A GROUP of cotton exporting countries are resisting a move by the United States to dilute the mandate of the World Trade Organisation’s (WTO) cotton sub-committee, formed to find agreement on this sensitive issue during the WTO Doha Development Round.…
TSUNAMI PREFERENCES
BY KEITH NUTHALL
THE EUROPEAN Commission has announced plans to bring forward by three months – to April 1 – its planned introduction of tariff preferences for developing countries for those states affected by the Tsunami disaster. European Union (EU) tariffs cuts will follow for a wide range of food products exported by India, Sri Lanka, Indonesia and Thailand.…
ASIA POLIO
BY KEITH NUTHALL
THE THREE Asian countries with polio are on target to eradicate the disease this year, their health authorities claim. Last year, polio cases in Afghanistan, India, and Pakistan were slashed by 45%.…
INDIA TARIFFS
KEITH NUTHALL
THE EUROPEAN Commission has announced plans to bring forward the introduction of tariff preferences for Indian textiles by three months, to April 1, 2005, because of the Tsunami disaster. Tariffs for Indian textiles and clothing will be set at 9.5% instead of the current 12%.…
WTO SUMMIT HONG KONG - INDUSTRIAL GOODS SERVICES LIBERALISATION DOHA DEVELOPMENT ROUND
BY KEITH NUTHALL
AUTO manufacturing firms will be closely monitoring next week’s World Trade Organisation (WTO) summit in Hong Kong for signs that the WTO’s long-running Doha Development Round talks are about to crack open national automobile markets. Key auto industry countries – the US, the European Union, Canada, Japan, South Korea, India and Brazil – have been making steady progress this year in identifying non-tariff barriers to trade they would like to remove, such as burdensome customs procedures, technical engineering rules and licences.…
WTO SERVICES ROUND ANALYSIS
BY KEITH NUTHALL
THE INSURANCE industry will wait attentively for the responses due in May to formal requests made this week by the European Commission for its World Trade Organisation (WTO) partners to liberalise their financial sectors.
These notes were made within the WTO’s Doha Development Round’s talks on services, which are in technical terms more advanced than the other portions of the negotiations.…
ILO SEAFARERS CARDS
BY KEITH NUTHALL
THE SEPTEMBER 11 attacks sparked a tightening of security restrictions around the world and the shipping industry has been a key focus. The latest initiative is the creation of a global system of biometric identifiers for seafarers. Keith Nuthall reports.…
ALTERNATIVE REMITTANCE SYSTEMS MONEY LAUNDERING - INDIA - TERRORIST FINANCE CONCERN
BY ALAN OSBORN
ONLY comparatively recently have the world’s anti money laundering agencies come to grips with alternative remittance systems (ARS) and even today the scale of the systems and the degree of infiltration by criminals is still not fully known.…
INDIA EXAMINATION CHEATING SCANDAL EXAMINATION PAPER THEFT - HOTEL CRAMMING
BY RAGHAVENDRA VERMA, in New Delhi
INDIAN students, desperate to prosper from the country’s booming economy, are resorting to expensive means of cheating to clear competitive examinations senior academics are warning. "The problem is getting serious day-by-day. For a limited number of seats in medical, engineering and management institutions, an increasing number of students, with active support of their parents, are trying to succeed by hook or crook", warns Dr.K.K.Jha,…
BIOFUELS FEATURE
BY DEIRDRE MASON
THE WORLD is waking up to biofuels, increasingly produced from food crops and their waste by-products, and now one of the growing energy alternatives to conventional fossil fuels. As prices for traditional energy rise year on year, and energy watchers warn of oil production peaking around 2010, governments are looking towards food producers to grow the raw feedstock for the fuel of the twenty-first century.…
WTO TRIPS AGREEMENT GENERIC MEDICINES WAIVER - PERMANENT
BY KEITH NUTHALL
THE WORLD Trade Organisation’s (WTO) general council has permanently amended the Trade Related Aspects of Intellectual Property Rights (TRIPS) agreement to make permanent a 2003 waiver helping poor countries obtain generic medicines during health emergencies. The TRIPS amendment enables any WTO member country to export generic pharmaceuticals made under a compulsory licence to assist countries lacking their own manufacturing capacity and whose nurses and doctors would otherwise be unable to deal with a serious disease problem.…
GABON EU FISHING DEAL - EU NORWAY DEAL - ESA PATAGONIAN TOOTHFISH - ECJ SPAIN FRANCE GREECE
BY KEITH NUTHALL
THE EUROPEAN Union and Norway have divided up common stocks within the North Sea for 2006, overcoming difficult conservation problems, especially regarding cod. Brussels and Oslo have agreed on a long-term management plan for cod, to come into effect when the stock has returned to safe biological levels.…
WTO SUMMIT HONG KONG - SERVICES LIBERALISATION - DOHA DEVELOPMENT ROUND - ACCOUNTANCY AIMS
BY KEITH NUTHALL
INTERNATIONAL accountancy firms will be closely monitoring next week’s World Trade Organisation (WTO) summit in Hong Kong for signs that the WTO’s long-running Doha Development Round talks are about to crack open national accounting and auditing markets. Progress in refreshing the WTO General Agreement on Trade in Services (GATS) has been sluggish since talks began in 2000, one year ahead of the general round, with few trade-offs being offered in bilateral exchanges.…
COUMARIN 1
BY KEITH NUTHALL
THE EUROPEAN Commission has proposed that a Euro 3,479 per tonne anti-dumping duty on coumarin imports from China is extended to shipments from India or Thailand to prevent Chinese exporters illegally diverting this additive to avoid the tariff.…
WTO QUOTAS: THE END
BY KEITH NUTHALL
THE FORMAL decision has been taken by the European Union (EU) Council of Ministers to abolish all remaining textile and clothing import quotas for World Trade Organisation (WTO) member countries from January 1. It means 210 quotas affecting exporters from Argentina, China, Hong Kong, India, Indonesia, Malaysia, Peru, Philippines, Taiwan, South Korea and Thailand will go.…
INDIAN CARGO
BY SWINEETHA DIAS WICKRAMANAYKE
AIR India has predicted that its home country air cargo market will grow at seven per cent between 2002 and 2006, while the global air freight market should grow at 5.3 per cent.…
BHUTAN CIGARETTE BAN
BY KENCHO WANGDI
THE BUDDHIST Himalayan kingdom of Bhutan has imposed a nationwide ban on the sale of tobacco products starting December 17, 2004, making it the first country in the world to do so. Ban violators will be fined US$227 equivalent and shops and hotels engaged in tobacco sales will lose their business licenses.…
RISK MITIGATION
BY KEITH NUTHALL
A RISK guarantee package helping Indian companies invest overseas has been launched by the World Bank’s Multilateral Investment Guarantee Agency (MIGA) and local finance houses. Private cover against currency inconvertibility and transfer restrictions; expropriation; war, terrorism and civil disturbance; and breach of contract, is hard to secure in India.…
TEA PRODUCTION RECORD
BY KEITH NUTHALL
GLOBAL tea production in 2003 reached a record high of 3.15 million tonnes, 75,000 tonnes more than in 2002, and although traded tea fell by 2.6% to 1.4 million tonnes, prices remained stable, according to the UN Food and Agriculture Organisation (FAO).…
INDIA FLIGHTS/FEES
BY SWINEETHA DIAS WICKRAMANAYKE
PRIVATE airlines are expected to be given the right to operate flights from India, the Indian press has reported, claiming that the country’s directorate general of civil aviation has been authorised to issue such permits. Meanwhile India has exempted helicopters and small aircraft seating up to 80 people from paying landing charges.…
BYRD AMENDMENT
BY KEITH NUTHALL
THE EUROPEAN Union has been authorised by the World Trade Organisation (WTO) to impose retaliatory duties on US knitted products for failing to scrap its Byrd Amendment law allowing payments of anti-dumping and countervailing duties to American companies making complaints sparking such tariffs.…
MICRO-FINANCE ANALYSIS
BY ALAN OSBORN
IS there a role for the insurance companies of rich countries to play in developing “micro finance” in the world’s very poorest regions? The question has become relevant following the launch earlier this month (November) of the International year of Microcredit 2005 by the UN’s Agricultural Fund for Development (IFAD).…
PET DUTY: ISRAEL/BRAZIL
BY KEITH NUTHALL
THE EUROPEAN Commission has asked the European Union (EU) Council of Ministers to extend definitive countervailing duties imposed on Indian exports to the EU of polyethylene terephthalate (PET) film to Brazil and Israel. Brussels fears that Brazilian and Israeli companies are being used as fronts to funnel PET into the EU market, evading the duties.…
BYRD AMENDMENT
KEITH NUTHALL
THE EUROPEAN Union has been authorised by the World Trade Organisation (WTO) to impose retaliatory duties on US textile products for failing to scrap its Byrd Amendment law allowing payments of anti-dumping and countervailing duties to American companies making complaints sparking such tariffs.…
PET DUTY: ISRAEL/BRAZIL
KEITH NUTHALL
THE EUROPEAN Commission (EC) has asked the European Union (EU) Council of Ministers to extend definitive countervailing duties imposed on Indian exports to the EU of polyethylene terephthalate (PET) film to Brazil and Israel. Brussels fears that Brazilian and Israeli companies are being used as fronts to funnel PET into the EU market, evading the duties.…
SPACE - WATER
BY KEITH NUTHALL
REPRESENTATIVES of 40 governments have heard how space technology can be used to boost drinking water quality worldwide. A conference organised by the Vienna-based United Nations Office for Outer Space Affairs heard how satellites can aid groundwater monitoring, flood predictions, lake and river water movement assessments, and other key tasks.…
MANDELSON HEARING
BY KEITH NUTHALL
THE EUROPEAN Union’s (EU) incoming trade Commissioner Peter Mandelson has confessed to being “very worried” about the impact in Europe of World Trade Organisation (WTO) textile trade quota liberalisation at the end of this year.
Speaking yesterday (4-10) to a European Parliament hearing ahead of his taking office in November, he quoted reports warning that China could snatch 50% of the world’s textile markets, saying: “This is a huge challenge that we face”.…
ILLEGAL WILDLIFE TRADE
BY KEITH NUTHALL
IT could be the most underestimated commercial crime in the world, the illegal trade in wildlife and their products. Some estimates put its value at US$5 billion-a-year, but governments do not really seem to care. Keith Nuthall reports.…
WEST BENGAL FEATURE
BY MARK ROWE
AT first sight they would appear to be uneasy bedfellows. On the one hand, English Heritage, the British government’s advisory body with responsibility for the care and maintenance of the country’s historic environment; on the other, the Marxist-led government of the Indian state of West Bengal.…
WHO AIDS SCARE
BY KEITH NUTHALL
EUROPEAN governments should exploit the scare tactics of the 1980’s when AIDS campaigns shocked promiscuous sex devotees and intravenous drug users into changing their behaviour, stemming HIV infections, the World Health Organisation has claimed. It fears dramatic increases in HIV cases in eastern Europe that are amongst the world’s worst, notably in Estonia, Latvia, Russia and the Ukraine “where the epidemic continues to spread unchecked”.…
CHINA TB
BY KEITH NUTHALL
THE WORLD Health Organisation (WHO) has praised China for securing a 30% drop in cases of tuberculosis since 1991, linking its success to a comprehensive anti-TB strategy called the Directly Observed Therapy Shortcourse (DOTS). China was, it said, now on track to meeting the WHO’s global goal of cutting TB outbreaks in half by 2015.…
WTO ATC REPORT
BY KEITH NUTHALL
THE BLOW to smaller developing countries far from key American and European markets from the abolition of protective quotas in January could be cushioned by the continuing use of preferential tariffs, a new World Trade Organisation (WTO) report has predicted.…
INDIA - WTO
BY KEITH NUTHALL
THE INDIAN government has launched the first stage of disputes proceedings at the World Trade Organisation (WTO), complaining about anti-dumping duties imposed by the European Union (EU) in 2000 on hot-rolled steel coils. India wants formal talks with Brussels, claiming discrimination over the EU’s failure to impose anti-dumping duties on the same products from Egypt, Slovakia and Turkey, despite a European Commission investigation showing they were dumping coils and damaging EU producers.…
MONEY LAUNDERING LATEST
BY KEITH NUTHALL
‘CATCH me if you can’ might well be the motto of international money launderers. Despite laws criminalising the practice being well established, international organisations are continuing to extend their legal and geographical scope. Keith Nuthall reports.
IF a continent has need of comprehensive cross-border anti-money laundering legislation, it surely has to be Europe.…
INDIA WIRE DUTY
BY KEITH NUTHALL
THE EUROPEAN Union (EU) Council of Ministers has imposed a definitive 14.1% countervailing duty on imports of stainless steel wire with a diameter of 1mm or more exported by Indian producer VSL Wires, of Boisar, Maharashtra. The company had asked to be exempt from the 48.8% general duties as a new exporter, but ministers imposed them, at a lower rate.…
QUOTA ABOLITION FIGURES
Keith Nuthall
AS the European Union (EU) prepares to abolish its remaining restrictive import quotas for textile and clothing products, the latest European Commission statistics confirm that China is best placed to exploit this liberalisation. For 2003, China exported more textile products to the expanded EU, with 10.7% of imports.…
ATC PHASE OUT ATTACK
BY KEITH NUTHALL
AN ATTACK has been made on the United States, European Union (EU), and other textile importing jurisdictions for waiting until the last minute to abolish most restrictive quotas under the World Trade Organisation’s (WTO) Agreement on Textile and Clothing.…
WTO QUOTAS - EU IMPACT
BY KEITH NUTHALL
WHEN the European Union (EU) signed up to an Agreement on Textiles and Clothing at the World Trade Organisation’s (WTO) last Uruguay Round that foresaw the scrapping of import quotas at the start of 2005, it is hard to imagine it viewing the deal as a way to boost production in knitted products.…
ASBESTOS CLOSURE
BY MONICA DOBIE
CANADA’S largest producer of chrysotile asbestos fibres, LAB Chrysotile, has announced it will indefinitely shut one of its two mines near Thetford Mines, Quebec, this November. The company has blamed the closure of its Black Lake mine, which will result in 450 job losses, on a high Canadian dollar in comparison to the US dollar and tough international competition.…
WTO ATC REPORT
BY KEITH NUTHALL
CHINA is the exporter to watch following the abolition of import quotas for textile accessories and footwear this December under the World Trade Organisation’s (WTO) agreement on textiles and clothing (ATC). Indeed, a detailed report written for the European Commission on this major liberalisation predicts that not only are Chinese export volumes expected to rise, and developed country production levels to fall, but China is expected to exploit its bulk-manufacturing expertise to seize markets from developing country Asian competitors.…
SUGAR PRICES
BY KEITH NUTHALL
THE EUROPEAN Union has agreed guaranteed prices for sugar traded with India and its ACP (Africa, Caribbean, Pacific) partners until June 2005. They are for raw sugar: Euro 52.37/100 kilograms; and white sugar: Euro 64.65/100 kilograms.…
USA MONEY LAUNDERING REPORT
BY KEITH NUTHALL
NOBODY likes to be on a blacklist, especially one written by the American government. But every year, the US state department issues a comprehensive rogues gallery of countries involved in the narcotics trade and related criminal problems. One surprising entrant: the United States.…
INDIA SUGAR
BY SWINEETHA DIAS WICKRAMANAYAKE
THE INDIAN government has released an additional quota for its domestic market, allowing 150,000 tonnes more sugar to be sold. Commentators have raised concerns that the move may weaken sugar prices.…
SARA LEE INDIA
BY SWINEETHA DIAS WICKRAMANAYAKE
INDIA’S Sara Lee Household & Body Care India Pvt. Ltd cleaning has invested IND Rupees 2 million (US$40,000) in creating a certified environment managed system (EMS) aimed at saving the company money. It will consume less water and fuel, while boosting the recycling of waste, such as plastics and corrugated paper boxes.…
INSECT CURTAIN
BY MONICA DOBIE
AMERICAN researchers have developed a ‘curtain of air’ system that could keep disease-carrying insects from boarding civil aeroplanes. The technology, created by the Agricultural Research Service (ARS) in the United States, is a high velocity fan system used in passenger walkways that excludes 99 per cent of mosquitoes and flies.…
WHO RATIFICATIONS
BY KEITH NUTHALL
THE WORLD Health Organisation has boasted that 100 countries have now signed its Framework Convention on Tobacco Control, although only nine countries have yet to ratify the treaty. Of these, the world’s major developed economies are conspicuously absent, the line up including Fiji, India, Malta, Mongolia, New Zealand, Norway, Palau, Seychelles and Sri Lanka.…
CASHEW EXPORTS
BY SWINEETHA DIAS WICKRAMANAYAKE
THE CASHEW Export Promotion Council of India has claimed stiff competition from rival producers, such as Vietnam, depressed Indian cashew exports April-December 2003 to 72,042 tonnes, from 77,923 tonnes the previous year (April-December).…
INDIA-ITALY JV
BY SWINEETHA DIAS WICKRAMANAYAKE
AN INDIAN-Italian sole-making joint venture is doubling its production. Suolificio Chennai (Madras), linking India’s Forward Shoes with Italy’s sole maker Suolificio Malaspina, was set up in 2001 to produce 500,000 pairs of soles; it doubled its capacity last year and plans to do so again this year.…
EASTERN EUROPE
Keith Nuthall
EUROPEAN Union (EU) ministers have been asked to approve the expansion of EU import quota levels for textile and clothing products, to take account of the oncoming accession of 10 eastern and southern European countries in May. The products would circulate around the EU and cover those from 18 mostly developing countries, including China and India.…
LEAD BATTERIES - EU
BY KEITH NUTHALL
THE EUROPEAN Union has joined formal World Trade Organisation (WTO) consultations between Bangladesh and India over New Delhi’s imposition of anti-dumping duties on Bangladeshi exports of lead acid batteries. Brussels said it “shared a substantial trade interest” in the dispute, which could go to binding arbitration if it is not solved by the talks.…
CASHEW EXPORTS
BY SWINEETHA DIAS WICKRAMANAYAKE
THE CASHEW Export Promotion Council of India has claimed stiff competition from rival producers, such as Vietnam, depressed Indian cashew exports April-December 2003 to 72,042 tonnes, from 77,923 tonnes the previous year (April-December).…
PAN CHEWING
BY SWINEETHA DIAS WICKRAMANAYAKE
INDIA’S Dalmia Consumer Care company has launched a chewing gum designed to wean pan masala users from their habit. Its Chabaaza gumlets are priced at INDRupees 1 per pack (designed to imitate traditional pan packaging) and, whilst delivering pan-like taste, contain no supari or other addictive ingredients.…
INDIA CARBONATION
BY SWINEETHA DIAS WICKRAMANAYAKE
DRAFT safety regulations regarding the production of all carbonated drinks have been agreed by India’s Central Council of Food Standards (CCFS). The move follows concern sparked last year about the detection of pesticide residues in colas. The council said that the new draft covered soft drinks, with separate standards being drawn up for fruit juices and other beverages.…
INDIA COKE
BY SWINEETHA DIAS WICKRAMANAYAKE
THE INDIAN government has been pushing Australian coking coal exporters to resume full deliveries to India’s steel sector, hit by these mining companies citing emergency contractual clauses to reduce supplies. New Delhi has sent high level officials to Australia to solve the problem; it says alternative sources of coking coal are unavailable, especially since China ceased exporting to fuel its own steel sector.…
PAN CHEWING
BY SWINEETHA DIAS WICKRAMANAYAKE
INDIA’S Dalmia Consumer Care company has launched a chewing gum designed to wean pan masala users from their habit. Its Chabaaza gumlets are priced at INDRupees 1 per pack (designed to imitate traditional pan packaging) and, whilst delivering pan-like taste, contain no supari or other addictive ingredients.…
INDIAN PETROL
BY SWINEETHA DIAS WICKRAMANAYAKE
INDIAN energy giant Reliance Industries Ltd is expanding its retail outlets, setting up 350 petrol pumps and seven terminals across India by the end of March, adding another 150 pumps per month to reach a target of 1,500 retail outlets by 2006.…
BAY OF BENGAL
BY KEITH NUTHALL
A SOUTH Asia regional meeting of the International Civil Aviation Organisation (ICAO) has agreed to set up a Central Reporting Agency (CRA), which would evaluate ground and airborne ADS/CPDLC systems performance in an operational trial for the Bay of Bengal area.…
INDIA SUGAR SALES
BY SWINEETHA DIAS WICKRAMANAYAKE
THE PRODUCTION of Indian sugar in the current season (October-September 2004) is expected to drop by about 1.4 million tonnes to 4.8 million tonnes, compared with last season’s 6.2 million tonnes, according to the Bombay Sugar Merchants’ Association (BSMA).…
LEAD BATTERIES
BY KEITH NUTHALL
BANGLADESH has launched the first stage of disputes proceedings at the World Trade Organisation (WTO) in a row with India over its imposition of anti-dumping duties on Bangladeshi exports of lead acid batteries. Dhaka claims that New Delhi broke 17 WTO rules in its erection of the tariffs and has called for formal consultations on the issue at the organisation’s headquarters in Geneva.…
PLASTIC BAGS
BY KEITH NUTHALL
THE EUROPEAN Commission has proposed the permanent abolition of anti-dumping duties on imports into the European Union (EU) of sacks and bags made of polyethylene or polypropylene from China, India, Indonesia and Thailand. Its move follows a U-turn by the European Association for Textile Polyolefins (EATP), which had in 2002 requested a review into the impending expiry of the duties on behalf of its members (who comprise 32.03 per cent of total EU production).…
BHUTAN SMOKING
BY KENCHO WANGDI
EVEN as the World Health Organisation (WHO) and some 170 countries work towards implementing a tobacco control convention, Bhutan, the remote and tiny Himalayan kingdom, has taken a step further by banning tobacco sale at all its duty-free outlets.…
HENKEL EXPANSION
BY SWINEETHA DIAS WICKRAMANAYAKE
INDIAN personal hygiene company Henkel SPIC India Ltd is expanding its soap and toothpaste manufacturing capacity at the Calcutta Chemical Company Ltd’s (Calchem) Tiljala plant, (in Calcutta), which it bought in 1999, Henkel – itself a subsidiary of Germany’s Henkel KgaA – is to modernise and expand its manufacturing of soap (from 5,000 to 12,000 tonnes per year) and toothpaste (100 to 150 tonnes per year) by this September, with a minimum investment of around INDRupees 40 million (US$ 880,000).…
INDIAN BED-LINEN REVISITED
Keith Nuthall
THE EUROPEAN Commission seems determined to have the last word in its interminable row with India over cotton-type bed linen protection. Having abandoned its long attempt to impose anti-dumping duties, the Commission has now asked EU ministers to erect countervailing duties on these products, designed to compensate EU producers for alleged illegal Indian government subsidies.…
BOTTLED WATER - INDIA
BY SWINEETHA DIAS WICKRAMANAYAKE
THE INDIAN bottled water industry should be standardised, to consolidate its current runaway growth, the secretary general of the Asian Bottle Water Association has said. Ms Ita Thaher said that the bottled water sector in India is too unorganised and that more focus is required on product development, quality control and marketing for an industry she values at IND Rupees 10 billion, growing at 60 per cent annually.…
PAN CHEWING
BY SWINEETHA DIAS WICKRAMANAYAKE
INDIA’S Dalmia Consumer Care company has launched a chewing gum designed to wean pan masala users from their habit. Its Chabaaza gumlets are priced at INDRupees 1 per pack (designed to imitate traditional pan packaging) and contain no supari or other addictive ingredients.…
WALMART INDIA
BY SWINEETHA DIAS WICKRAMANAYAKE
INDIA’S Council for Leather Exporters is pushing the country’s producers to seize 20 per cent of the US$1.5 billion’s worth of footwear bought globally by US retail giant WalMart over the next three years. Council chairman Shri S.S.…
SOUTH INDIA
BY SWINEETHA DIAS WICKRAMANAYAKE
INDIA’S civil aviation minister Rajiv Pratap Rudy has told the Indian parliament that southern India airports will be made, while plans to upgrade the terminals at Mumbai (Bombay) and Delhi are delayed. Rudy said extension and resurfacing work at Hyderabad airport would be completed next June and the development of Andhra Pradesh’s Visakhapatnam airport would finish by September 2005.…
INDONESIA - BUMI
BY MARK ROWE
BUMI Resources, Indonesia’s largest coal producer, has set a target of increasing coal output by 40 per cent this year. In a move that the company says is aimed to capitalise on an increase in global coal prices that may rise by as much as 20 per cent, Bumi says it plans to produce around 43 million tons, up from 30.6 million last year.…
BED LINEN DUTIES
BY KEITH NUTHALL
THE INDIAN government seems finally to have prevailed over the European Union in the long-running row over bed linen anti-dumping duties, with the European Commission proposing that a review of the protection be abandoned, along with plans to re-impose the suspended tariffs themselves.…
INDIA v EU ANTI-DUMPING
BY ALAN OSBORN
THE EUROPEAN Union (EU) has lost patience with India over that country’s anti-dumping policies and has launched disputes proceedings at the World Trade Organisation on the matter. The European Commission says EU exporters have lost around Euro 70 million in exports, notably in the vitamin sector of the pharmaceutical industry, “but even more important is that India is misusing the anti-dumping instrument to prevent foreign firms from making a way into the Indian market,” it adds.…
REEBOK BATA: 80 words
BY SWINEETHA DIAS WICKRAMANAYAKE
RUMOURS about possible deals involving Bata India with UK multinational Reebok and US retail giant WalMart have been pushing the Indian company’s stock price to high levels. Talk about Reebok focused on a possible partnership with Bata India to sell shoes in Bangladesh, while WalMart rumours suggested that the American company was looking at using the Indian shoemaker for an outsourcing contract.…
PREMIUM ICE CREAM
BY SWINEETHA DIAS WICKRAMANAYAKA
INDIA’S Hatsun Agro Product Ltd has announced plans to reposition its Arun ice-creams as a super premium brand, with more cream and smoother texture, to grab more market share this summer. The company plans to invest over IND Rupees 60 million (US$1.26 million) in the new range, which will include new “fun shapes.”…
SOLAR POWER
BY KEITH NUTHALL
BP Solar USA has donated more than US$1 million’s worth of solar modules to BASE (the Basel Agency for Sustainable Energy), for rural and semi-rural areas of India where over 60 per cent of the population has no electricity.…
CHEROOT EXCISE
BY SWINEETHA DIAS WICKRAMANAYKE
A NEW simplified excise registration document has been developed for India’s hand-rolled cheroot manufacturers by the country’s Department of Revenue. The move follows complaints from the industry about the complexity of dealing with existing excise administration. Cheroot manufacturers who have managed to register need not repeat the process, said the department.…
INDIA V EU - WTO:
BY ALAN OSBORN
THE EUROPEAN Union (EU) is to act against India over that country’s anti dumping policies which it says have severely damaged European textile exporters. The
European Commission has formally requested consultations at the World Trade
Organisation on the matter, the first stage in disputes proceedings.…
INDIA CADBURY ROW
BY SWINEETHA DIAS WICKRAMANAYAKE
THE FALL-OUT over the discovery of worms in sample chocolates made by Cadbury India continues to damage the multi-national confectioner, with the Gujarat Co-operative Milk Marketing Federation placing advertising hoardings across Mumbai (Bombay) with the punchline Cadbura, (which suggests that Cadbury is ‘bad’).…
MOBILE CHOCOLATE MACHINES
BY SWINEETHA DIAS WICKRAMANAYAKE
CADBURY India has joined telecommunications technology companies BPL Mobile and E Cube India to launch 30 chocolate pilot vending machines in Mumbai (Bombay) operated by mobile handsets. Mobile users stand near a machine and dial 2233; its display shows their telephone number, asks for their choice, and dispenses it.…
INDIA FLAVOURED MILK
BY SWINEETHA DIAS WICKRAMANAYAKA
NESTLE India has entered the Indian flavoured milk market, launching itself its Fruit ‘n Milk line in Delhi, Mumbai (Bombay) and Pune. The product has mango and strawberry flavours, priced at IND Rupees 15 (US$0.31) for a 200 ml pack and is being manufactured for Nestle by Dynamix.…
INDIA CADBURY ROW
BY SWINEETHA DIAS WICKRAMANAYAKE
THE FALL-OUT over the discovery of worms in sample chocolates made by Cadbury India continues to damage the multi-national confectioner, with the Gujarat Co-operative Milk Marketing Federation placing advertising hoardings across Mumbai (Bombay) with the punchline Cadbura, (which suggests that Cadbury is ‘bad’).…
BHUTAN WEAVERS
BY KEITH NUTHALL
TRADITIONAL weavers from the Himalayan kingdom of Bhutan are being trained in using the Internet to source raw materials from India and advertise their colourful fabrics online. A United Nations Development Programme (UNDP) project is teaching weavers e-business basics as well as subsiding Internet connections in rural areas of this remote country and improved working conditions.…
ITC CHOCOLATE
BY SWINEETHA DIAS WICKRAMANAYAKE
THE INDIA Tobacco Corporation (ITC) is continuing to diversify into food, announcing a new move to seize 20 per cent of caramilk sales in Tamil Nadu. The company’s food division has launched ‘Candyman Eclairs’, with spokesman Sunil S.…
GLOBAL WARMING CONFERENCE
BY DEIRDRE MASON
DECLARATIONS of intent on tackling climate change are no longer good enough, delegates to last week’s (Nov4-5) Royal Institute on International Affairs/Carbon Trust conference on delivering climate technology was told by a senior executive from Italy’s environment ministry.…
HIV/AIDS RETROVIRAL DRUGS
BY KEITH NUTHALL
UNITED Nations secretary general Kofi Annan has welcomed an agreement between the (former US President) Clinton Foundation and four pharmaceutical companies in developing countries to halve the price of anti-retroviral drugs treating HIV/AIDS. Aspen Pharmacare Holdings, of Johannesburg, South Africa; Cipla of Mumbai, India; Ranbaxy Laboratories, of Delhi, India; and Matrix Laboratories of Hyderabad, India, will cut the annual cost of drugs for each infected person to as little as US$140.…
INDIA SOFT DRINKS
BY SWINEETHA DIAS WICKRAMANAYAKE and KEITH NUTHALL
INDIAN soft drinks retailers on a charm offensive to repair damage caused earlier this year by a report from pressure group the Centre for Science and Environment, alleging the detection of pesticide residues in soft drink samples.…
ASBESTOS BLACKLIST
BY KEITH NUTHALL
ALL but one of the commonly used forms of asbestos have been added to a United Nations blacklist, enabling countries to block further imports without being challenged in global tribunals such as the World Trade Organisation. Amosite, actinolite, anthophyllite and tremolite were added to the Rotterdam Convention Prior Informed Consent (PIC) list by an intergovernmental negotiating committee, meeting in Geneva, Switzerland.…
EAST ASIA ICAO
BY KEITH NUTHALL
AN INTERNATIONAL Civil Aviation Organisation (ICAO) meeting has supported a plan to boost civil airliner access to Afghanistan airspace, offering new choices for long-haul flights from southern and east Asia to Europe. ICAO’s coordination meeting on reduced vertical separation (RVSM) implementation for the Bay of Bengal and India backed an International Air Transport Association (IATA) proposed traffic orientation scheme for commercial flights crossing the Kabul FIR.…
WHITE BURLEY - INDIA
BY SWINEETHA DIAS WICKRAMANAYAKE
WHITE burley tobacco cultivation by tribal farmers in the Visakhapatnam and East Godavari districts of Andhra Pradesh, India, is rebounding after years of decline because of DDT usage harming crop quality. With the insecticide being abandoned, Someswara Rao, of the Maddi Lakshmaiah tobacco exporter group, is predicting the districts’ plantations of the variety would now grow from 18,000 to 20,000 acres.…
INDIAN EXPORTS DOWN
Keith Nuthall
INDIAN shoe exporters are struggling to fight off competition from China, with statistics from the Council for Leather Exports (CLE) saying that in 2002-03 (April-February) India’s leather exports earned US$1.67 billion, a 6.56 per cent decline compared with the corresponding period of 2001-2.…
MALAYSIA TEXTILE FEARS
BY MARK ROWE
THE MALAYSIAN Textile Manufacturers Association has warned that the country’s branded clothing industry could become extinct within 10 years because of the oncoming removal of the export quota system under the WTO’s Agreement on Textiles and Clothing. It particularly fears that this liberalisation will allow China, with its low labour costs, to dominate global export markets.…
SHIPBREAKING - ILO
BY KEITH NUTHALL
SHIPBREAKING, a ready source of scrap steel, is one of the most dangerous occupations in the world. What is more, agreed a recent meeting of experts from the International Metalworkers Federation, the International Labour Organisation (ILO) and others, it need not be so deadly.…
SECURITY CODE COSTS
BY DEIRDRE MASON
WHAT price safety? Ports and shippers racing to comply with an extremely tight deadline to meet the new International Marine Organisation security requirements are still not sure what the final bill will be. However, with the newly added SOLAS (safety of life at sea convention) special measures and the also new International Ship and Port Facility Security (ISPS) code due to come into effect on 1 July 2004, those who are not already well down the line to meeting the requirements will find the costs rising sharply as demand for security services steps up.…
CENTRAL ASIA FEATURE -MONEY LAUNDERING
BY MARK ROWE
THE 19th century saw imperial rivalry create the “Great Game”, when Russia and the British Empire tweaked one another’s tails in the region that following Russia’s Bolshevik revolution became known as Soviet Central Asia. The old Great Game was tied to control of India, and to gems and gold.…
HIGH END INDIAN SALES
SWINEETHA DIAS WICKRAMANAYAKE
A SHOE making cooperative in India has shown how a niche brand can seize up-market export sales by exploiting elaborate and imaginative designs. The Toe Hold Artisans Collaborative, Karnataka, exported US$60,000 of its lines to Italy, Australia, Japan and Sweden in 2002-3, and is targeting US$100,000 sales this financial year.…
TOBACCO SUBSIDIES FEATURE
BY ALAN OSBORN
THE EUROPEAN Commission’s (EC) proposals for the EU tobacco regime, published in detail last month (September), essentially recognise that subsidised tobacco growing in Europe on any significant scale is now coming to an end. If these plans are put in place it seems likely that in little more than three years’ time the only tobacco grown in the EU will be to serve small niche markets.…
PEPSI MIDDLE EAST FEATURE
BY MARK ROWE
PEPSICO, which is marking 50 years of operations in the Middle East, finds itself at something of a crossroads. An all-American company, in a region where anti-Americanism has rarely been so widespread, it faces several challenges to ensure that it will continue to operate successfully in the Middle East for a further half a century.…
SURF - SCHOLARSHIPS
BY SWINEETHA DIAS WICKRAMANAYAKE
HINDUSTAN Lever has been trying to persuade Indian parents to buy Multiaction Surf, by offering the means to avoid washing their children’s clothes altogether – a foreign school scholarship. The slightly ironic promotional scheme ‘Colour Your Future’ asks children to enter a competition by painting a picture based on what they wants to achieve in adulthood; paintings have to be titled: “I want to be…” Hindustan Lever has been offering fixed deposits of between INDRupees 100,000 (US$2,173) and 500,000 (US$10,863) for zonal and national winners, respectively.…
INDIA CASHEW EXPORTS
BY SWINEETHA DIAS WICKRAMANAYAKE
THE INCREASED international availability of cashews and a consequent price slump reduced Indian exports by more than INDRupees 500 million (US$10.9 million) this year. Total exports of the nut April-June 2003 were 21,192 tonnes, compared with 23,770 tonnes the same period in 2002.…
INDIA - PETA
BY SWINEETHA DIAS WICKRAMANAYAKE
THE ANIMAL rights group People for Ethical Treatment of Animals (PETA) has taken its battle against Kentucky Fried Chicken to India, demonstrating in Bangalore outside a branch of the fast food chain. One activist was dressed as a crippled chicken, to the bemusement of passers-by.…
UN COMPENSATION COMMISSION
Keith Nuthall
THE UNITED Nations body established to settle claims made against Iraq because of its illegal occupation of Kuwait in 1991 has awarded a further US$315 million in compensation, bringing the total amount of money paid out under its authority to US$46.6 billion.…
CANCUN COTTON DEBATE
BY KEITH NUTHALL
SURPRISINGLY wide support for the west African plan to rid the world of cotton subsidies has been voiced at the World Trade Organisation (WTO) summit, in Cancun, Mexico. The Canadian and Australian governments yesterday (10 Sept) threw their developed country weight behind the plan, as did WTO Director-General Supachai Panitchpakdi.…
INDIA TOBACCO FARMERS
BY SWINEETHA DIAS WICKRAMANAYAKE
CALLS for an injection of foreign investment in the Indian tobacco sector have been opposed by the India Tobacco Corporation chairman, who said he was surprised that the idea is supported by some growers. Y.C. Deveshwar told a discussion session with farmers at the Central Tobacco Research Institute, Rajahmundry, that he opposed the entry of foreign companies, saying it would “harm the interests of Indian farmers”, the Hindu Business Line has reported.…
BETEL NUTS
BY KEITH NUTHALL
A WORLD Health Organisation (WHO) agency has concluded that chewing betel quid causes cancer, whether or not tobacco is included in the ‘pan’ mix especially popular with ethnic south Asians. It came to the same conclusion regarding another popular chewing ingredient, the areca nut.…
INDIA CASHEW EXPORTS
BY SWINEETHA DIAS WICKRAMANAYAKE
THE INCREASED international availability of cashews and a consequent price slump reduced Indian exports by more than INDRupees 500 million (US$10.9 million) this year. Total exports of the nut April-June 2003 were 21,192 tonnes, compared with 23,770 tonnes the same period in 2002.…
WORLD BANK - INDIA
BY KEITH NUTHALL
AN INDEPENDENT World Bank inspection panel has criticised the development body for flouting its own guidelines regarding the Coal Sector Environmental and Social Mitigation Project in India, which led to the relocation of families from the Parej East mining region.…
INDIA - BT COTTON
BY SWINEETHA DIAS WICKRAMANAYAKA
INDIAN scientists have developed a test to detect Bt genes in genetically modified cotton plants, because of concerns about the sale of fake Bt seeds. The Indian Council of Agricultural Research said its test would help quality assurance programmes, including large-scale screening.…
INDIA GROUNDHANDLING
BY SWINEETHA DIAS WICKRAMANAYAKA
A DECISION by the Indian government that domestic flight groundhandling should be handled only by Air India, Indian Airlines and the Airports Authority of India has proved difficult to implement and so a New Delhi deadline of July 1 has been missed, Indian press reports have claimed.…
INDIA - SUGAR LOAN
BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation of the World Bank is lending US$15 million’s worth of Indian rupees to sugar company Balrampur Chini Mills Limited, partially financing the construction of a new integrated greenfield sugar mill, processing 4,000 tons of cane a day, in Haidergarh, Uttar Pradesh.…
SOUTH AFRICA PIECE
BY RICHARD HURST
THE SOUTH African tobacco sector is surviving despite the unfavourable conditions imposed by its government and an increasingly hostile marketing environment. Nonetheless, the industry contributes Rand 5.5 billion in excise and tax to the government exchequer, equivalent to a quarter of the nation’s health care expenditure.…
SRI LANKA CHOCOLATE
BY SWINEETHA DIAS WICKRAMANAYAKA
CEYLON Chocolated Ltd, Sri Lanka’s dominant chocolate company, is launching its premier brand Kandos and its latest introduction Newgen into south India. The company has invested SLRupees 150 million in its production centre at the city of Kandy.…
INDIA ALUMINIUM
BY SWINEETHA DIAS WICKRAMANAYAKA
AN INDIAN metal consultancy has warned that India must rapidly develop scrap aluminium recycling plants, because primary production will fail to cope with growing demand for the metal in the future.
Ranchi-based group Mecon Ltd has said that in the long term, the situation could become very dire, assuming Indian aluminium consumption increases to 3.5 kg per person per year by the middle of the century.…
INDIA - IFC LOAN
BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC) of the World Bank is lending US$17.5 million in INDRupees to Indian textile company Alok Industries Ltd, allowing the Mumbai (Bombay)-based company to expand and modernise its knitting facilities and meet growing demand from domestic and international customers.…
SRI LANKA DEPOSITS
BY SWINEETHA DIAS WICKRAMANAYAKA
THE PROSPECT of significant underwater monosite, ilmanite, rutile and zircon off the Sri Lankan coast has attracted the attention of 10 international companies, two from Australia, two from India and two from Sri Lanka. Their applications to mine the 11 heavy mineral seabed deposits, whose estimated worth exceeds US$330 million, are being considered by the island’s Marine Pollution Prevention Authority (MPPA).…
SHATOOSH SEIZURES
BY KEITH NUTHALL
INDIA’S Central Bureau of Investigation (CBI) has seized 45 shahtoosh shawls and two shirts, acting on information from the Wildlife Protection Society of India. The items were discovered in Delhi and included one seven metre length of uncut shahtoosh fabric.…
INDIA MINE BOOST
BY SWINEETHA DIAS WICKRAMANAYAKA
THE INDIAN government says that it has received a healthy response to the call from its Ministry of Coal and Mines for state (regional) government companies to undertake regular coal and lignite mining. The New Delhi department says that not only have a number of state administrations have since applied for the right to mine blocks of virgin coal deposits, but applications have been received from private mining companies acting as a lead partner in joint ventures with these regional governments.…
COLGATE-PALMOLIVE INDIA
BY SWINEETHA DIAS WICKRAMANAYAKA
COLGATE-PALMOLIVE (India) Ltd has reported record profits after tax of IND Rupees 887 million (US$19.1 million) for 2002-3, with aggressive cost cutting more than making up for economic torpor in the country, which has hit oral-care product sales.…
FOSSIL FUEL SEQUESTRATION
BY KEITH NUTHALL
THE EUROPEAN Commission has signed an international charter on the capture and storage deep underground of carbon dioxide, also involving Australia, Brazil, Canada, Colombia, Italy, India, Japan, Mexico, Norway, China, Russia, Britain and the US. This Sequestration Leadership Forum is developing schemes to capturing CO2 at source and storing it for thousands of years deep underground, probably in depleted oil and gas wells, with the aim of reducing greenhouse gas emissions.…
FOSSIL FUEL SEQUESTRATION
BY KEITH NUTHALL
THE STORAGE of CO2 deep underground in uneconomic coal seams is one key option being considered by the (carbon) Sequestration Leadership Forum, which has just been joined by the European Commission. Other members are Australia, Brazil, Canada, Colombia, Italy, India, Japan, Mexico, Norway, China, Russia, Britain and the US.…
HARRY POTTER - SOUTH ASIA
BY SWINEETHA DIAS WICKRAMANAYAKA
PENGUIN India has reported huge sales of the Order of the Phoenix, with 60,000 sales being distributed around the country and another 40,000 being sent out to booksellers next week. “Sales have been phenomenal, especially in the south and west regions,” marketing manager Thomas Abraham told the Hindustan Times.…
INDIA - IFC LOAN
BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation of the World Bank is lending US$17.5 million in INDRupees to Indian textile company Alok Industries Ltd, allowing the Mumbai (Bombay)-based company to expand and modernise its facilities and meet growing demand from domestic and international customers.…
INDIA V USA
BY KEITH NUTHALL
A WORLD Trade Organisation disputes settlement panel has dismissed claims made by India that American textile rules of origin regulations are illegal under international law. New Delhi had claimed that changes to the USA’s 1996 Uruguay Round Agreements Act broke commitments within the WTO Rules of Origin Agreement that member countries do not discriminate in favour of one trading partner.…
INDIA ALUMINIUM SMELTER
BY SWINEETHA DIAS WICKRAMANAYAKA
INDIA’S largest zinc and lead producer Hindustan Zinc Ltd (HZL) is planning to increase the annual capacity of its smelter in Chanderiya, Rajasthan, by 100,000 tonnes, up from its existing 70,000 tonnes per annum production.
Industry sources have been quoted in the Indian press saying that HZL has already raised US$75 million from overseas markets to finance the expansion, with the remainder being secured from Indian banks and lenders.…
ASIAN E-LEARNING
BY MARK ROWE
THE SCHOOL textbook and related academic reading material has been a traditionally lucrative and never-ending market for publishers. But the growing phenomenon of e-learning is opening up new dimensions in this field across the globe.
The reason is the sheer scale of future need for education in developing regions, particularly in Asia where the potential numbers of higher education students is staggering.…
MILLENNIUM EDUCATION GOALS
BY KEITH NUTHALL
AS with many projects inspired by the start of the next 997 years and the last three, the framing of the United Nations’ (UN) Millennium Development Goals was an ambitious enterprise.
Imposing statistically measurable targets for international organisations and national governments in making improvements in global poverty, education, gender equality, health, the environment and education, they have proved tough to attain.…
SRI LANKA SECURITY
BY SWINEETHA DIAS WICKRAMANAYAKA
INDIA has been cementing its good relations with an increasingly peaceful Sri Lanka by holding extra oil stocks for its island neighbour in case of shortages caused by the Iraq war. Meanwhile, Shell Gas Lanka Ltd has laid contingency plans to ensure an uninterrupted supply of LPGas to Sri Lanka.…
INDIA OIL BILL
BY SWINEETHA DIAS WICKRAMANAYAKA
THE IRAQ war and related global instability forcing up oil prices have helped increase India’s oil import bill for the year to March to IND Rupees 840 billion (US$17.5 billion), said national oil minister Ram Naik. He added that the country had diversified its oil supply sources before the conflict, reversing a previous reliance on Kuwait.…
INDIA PERFUME
BY SWINEETHA DIAS WICKRAMANAYAKA
A NEW Delhi retailer has launched what it says is India’s first international perfumery gallery, devoting a whole floor of a store to scents from 40 designer brands. The Indian capital’s Kunchals is now selling lines from Gucci, Elizabeth Arden, Nina Ricci, Christian Dior, Escada, Cartier, Trussardi, Boss, La Praire, Benetton, Dunhill, Mont Blanc, Azzaro, Ferrari, Kenzo, Salvador Dali, Rochas, Lacoste, Nikos, Carlina Herrara, among others.…
BANGLADESH GAS
BY SWINEETHA DIAS WICKRAMANAYAKA
US oil and gas major Unocal has begun developing Bangladesh’s Moulavi Bazar gas field to meet the country’s domestic demand, allowing Dhaka to export natural gas to India from existing fields. Moulavi Bazar could provide 100 million cubic feet of gas per day.…
BED LINEN APPEAL COMMENT
BY ALAN OSBORN
THE EUROPEAN Commission is claiming partial victory in its dispute with India at the World Trade Organisation over the EU decision to impose anti-dumping duties on sales of Indian bed linen, despite Geneva’s declaration that Brussels had suffered a reversal at the hands of the WTO appellate body.…
BED LINEN REVERSAL
BY KEITH NUTHALL
THE INDIAN government has been celebrating an unexpected victory in the long running bed linen dispute with the European Union, after a World Trade Organisation appellate body overturned a ruling that the EU had complied with an earlier order to review its anti-dumping duties on imports of the product from India.…
INDIA DATABASE
BY SWINEETHA DIAS WICKRAMANAYAKA
THE PRESIDENT of India, Dr A.P.J. Abdul Kalam has called for the creation of a database of plants used in his country for traditional medicinal purposes, to allow them to be researched and maybe exploited by the Indian pharmaceutical industry.…
KPMG - INDIA
Keith Nuthall
THE INDIAN government is considering scrapping its contract with international consultants KPMG over the leasing of its airports in Delhi, Chennai (Madras), Mumbai (Bombay) and Kolkata (Calcutta). Newspaper reports say India is concerned about the costs of the often-delayed project, having already paid INDRupees 30 million to KPMG, which has nonetheless been hitting its own deadlines for offering advice.…
MODICARE
BY SWINEETHA DIAS WICKRAMANAYAKA
INDIA’S Modicare, part of the K.K. Modi Group, is training its female sales staff in the expert use of its cosmetics, allowing then to imitate western firms by providing advice to consumers. This Beauty Brigade is to help market the company’s Essensual 20 brand of colour cosmetics and skin care products.…
MARICO INDUSTRIES
BY SWINEETHA DIAS WICKRAMANAYAKA
INDIA’S Marico Industries expects that its fourth quarter turnover and profit growth to be “noticeably lower” than those recently recorded, the company has told the Bombay Stock Exchange. The company, known for its hair-care products, had earlier targeted revenue growth of around 10 per cent and bottom-line growth of around 15 per cent for 2002-03.…
ASIAN PAINTS
BY SWINEETHA DIAS WICKRAMANAYAKA
ASIAN Paints, the Indian colour multinational has been rated the best “small” company in India in 2002 by the financial magazine Asiamoney; (‘small’ companies are those with market capitalisation under US$500 million). Ashwin Dani, Asian Paints (India) managing director said: “This is reflection of our continuous process of being transparent and maintaining high standards of corporate governance.”…
EXPORT TARGET
BY KEITH NUTHALL
THE NEWLY elected chairman of India’s Council for Leather Exports has given his country’s industry a target of exporting US$5 billion’s worth of leather goods by 2007. Shri S.S. Kumar said that his council had set a transitional target of US$3 billion exports by 2005, against the current level of US$2 billion.…
SANDALWOOD - INDIA
BY SWINEETHA DIAS WICKRAMANAYAKA
INDIAN landowners are preparing to exploit the liberalisation of the country’s sandalwood sector, with the Indian government giving up a right to own, cut and sell sandal trees dating back to the British Raj. In future, private sandal tree groves will feed a profitable market.…
COW URINE
BY SWINEETHA DIAS WICKRAMANAYAKA
THE INDIAN Council of Agriculture Research (ICAR) is conducting laboratory and field evaluations into cow urine, to prove whether it can so effectively ward off plant diseases, it could become a useful product for Indian farmers. India’s minister of state for agriculture, Hukumdeo Narayan Yadav, has told the Indian parliament that initial tests have shown it can protect plant health.…
INDIA - BED LINEN ACTION
Keith Nuthall
THE INDIAN government is threatening to impose trade penalties on the European Union, because of the latest WTO decision in the long running cotton-type bed linen dispute, where the organisation’s appellate body ruled that the EU had failed to impose anti-dumping duties fully in accordance with international law.…
GEPGRAPHICAL INDICATIONS - DISPUTE
Keith Nuthall
THE EUROPEAN Union is facing growing opposition at the World Trade Organisation to its stance on geographical indications, where it refuses to grant protection to traditional regional names of drinks and food products from non-EU countries, unless their governments roughly copy Europe’s own rules.…
INDIA FLAVOURED MILK
BY SWINEETHA DIAS WICKRAMANAYAKA
NESTLE India has entered the Indian flavoured milk market, launching itself its Fruit ‘n Milk line in Delhi, Mumbai (Bombay) and Pune. The product has mango and strawberry flavours, priced at IND Rupees 15 (US$0.31) for a 200 ml pack and is being manufactured for Nestle by Dynamix.…
US PRECURSORS
BY PHILIP FINE and KEITH NUTHALL
THE UNITED States is calling for countries to offer up more information on their legal pharmaceutical and bulk chemical industries so as to better catch those who are using them for illegal purposes.
In its comprehensive annual report on worldwide drugs activities, the US State Department places some of the blame for many legal chemicals ending up in the hands of illicit drug manufacturers, on government political structures.…
DRUG PRECURSORS
BY PHILIP FINE
IN its comprehensive annual report on worldwide drugs activities, the US
government is asking foreign countries to be more transparent with information on
their legal chemical industries that might be useful in controlling the production and trade in illicit drug precursors.…
INDIA FLAVOURED MILK
BY SWINEETHA DIAS WICKRAMANAYAKA
NESTLE India has entered the Indian flavoured milk market, launching itself its Fruit ‘n Milk line in Delhi, Mumbai (Bombay) and Pune. The product has mango and strawberry flavours, priced at IND Rupees 15 (US$0.31) for a 200 ml pack and is being manufactured for Nestle by Dynamix.…
LUPIN - INDIA
BY SWINEETHA DIAS WICKRAMANAYAKA
INDIAN pharma Lupin Ltd is to set up a new plant for manufacturing lovastatin, the cholesterol lowering active pharmaceutical ingredient. The new plant is being built to meet US Food and Drug Administration standards and will have an initial capacity of more than 12 metric tonnes per annum.…
MALAYSIA FEATURE
BY MARK ROWE
IT is only four letters long but for a little word AFTA is having a big impact on the Malaysian tobacco industry. AFTA, the impending free trade block for south-east Asia, is forcing the Malaysian tobacco industry, widely regarded as having the most sophisticated (and expensive) leaf production and manufacturing infrastructure in the region, to radically overhaul the way it goes about its business.…
FOOT AND MOUTH - ASIA
BY MATTHEW BRACE
INDIA, Thailand, Pakistan, New Zealand, Australia and nine other countries in south and south-east Asia are to better control foot-and-mouth disease, by strengthening links between national laboratories. Notably, a new regional reference laboratory in Thailand will be established, sending out affordable test kits to countries that cannot usually afford them.…
INDIA - PIRATES
BY KEITH NUTHALL
A BAND of pirates that hijacked a ship carrying aluminium ingots off Indonesia in 1999 has been convicted and jailed by an Indian court. The decision has been welcomed by the International Chamber of Commerce as a welcome and rare example of a country prosecuting piracy in international waters.…
PREMIUM ICE CREAM
BY SWINEETHA DIAS WICKRAMANAYAKA
INDIA’S Hatsun Agro Product Ltd has announced plans to reposition its Arun ice-creams as a super premium brand, with more cream and smoother texture, to grab more market share this summer. The company plans to invest over IND Rupees 60 million (US$1.26 million) in the new range, which will include new “fun shapes.”…
VENKATESH COKE & POWER
BY SWINEETHA DIAS WICKRAMANAYAKA
INDIA’S Venkatesh Coke and Power Ltd. has announced that it has secured a sales contract for selling coke to Germany’s RAG from its planned 110MW power station in Trincomalee, Sri Lanka, which will import 1.2 million tonnes of coking coal per year, mostly low ash coal from Australia.…
INDIA BED-LINEN AGAIN
BY KEITH NUTHALL
JUST as a punch-drunk boxer cannot resist another slug in the ring, the Indian government is refusing to throw in the towel in its interminably long World Trade Organisation dispute with the European Union over Brussels’ anti-dumping duties on bed-linen from India.…
INDIA - ANTI-BIOTIC
BY SWINEETHA DIAS WICKRAMANAYAKA
INDIA’S Alkem Laboratories is introducing a new antibiotic branded Megapime into its home market. It has been approved as a stand-alone drug which can be administered, without waiting for an exact diagnosis, to serious patients suffering from fever who have a low white cell count.…
FREE INSURANCE
BY SWINEETHA DIAS WICKRAMANAYAKA
ASIAN Paints (Lanka) Ltd., the Sri Lanka operation of the India-based multinational coating giant, is offering free insurance to professional painters who choose to use its products. They will be offered a comprehensive accident insurance scheme that could pay up to SL Rupees 250,000 (US$2,580) in compensation per painter.…
INDIA V EU
BY KEITH NUTHALL
THE EUROPEAN Union has initiated formal talks – the first stage of disputes proceedings at the World Trade Organisation – over import restrictions imposed by the Indian government on a range of products, including live swine, turkeys and the gallus domesticus chicken breed, cattle guts used for casings and bovine semen.…
PRODUCTIVITY IMPROVEMENTS
BY SWINEETHA DIAS WICKRAMANAYAKA
INDIA’S Footwear Design and Development Institute has launched an INDRupee 40,000 computer software package designed to improve productivity levels for the country’s footwear industry. Called PRISM (Productivity and Resources Information System Manager), the system is supposed to cut the time spent on administrative tasks in a leather-manufacturing unit to about 30 minutes from the existing three days of manual paperwork.…
INDIA - PIRATES
Keith Nuthall
THE INTERNATIONAL Criminal Court (ICC) has welcomed the conviction of a band of pirates in an Indian court, as a welcome and rare example of a country prosecuting piracy in international waters. Seven-year labour camp sentences were handed down to 14 Indonesian pirates for hijacking the Japanese-owned Alondra Rainbow off Indonesia in October 1999, along with its aluminium ingot cargo.…
CHINA FEATURE
BY EDWARD PETERS
FOR a snapshot of the current state of the Chinese tobacco industry, casual observers need go no further than the massive adverts blanketing some of the main highways in Shanghai, which is generally considered to be the most go-ahead city in the People’s Republic (PRC).…
INDIA CHICKEN
BY SWINEETHA DIAS WICKRAMANAYAKA
INDIAN chicken producers, already been hit by a poultry price fall, are now facing another problem: a rise in the price in their principal feed, maize. There is a particular problem in the south, where the Tamil Nadu’s maize crop could be 50 per cent of earlier projections because of the failure of the country’s northeast monsoon.…
INDIAN LEATHER FAIR
BY SWINEETHA DIAS WICKRAMANAYAKA
INDIA’S four-day 18th International Leather Fair, in Chennai (Madras), this month (Feb) concluded INDRupees 5,090 million (US$106.8 million) worth of business, said its organisers. Staged at the Chennai Trade Centre, it attracted more than 8,000 visitors, said the Indian Trade Promotion Organisation, of whom five per cent were from abroad, including representatives from 20 countries, notably from Italy, Germany, Spain, Brazil and China.…
INDIA V EU
BY KEITH NUTHALL
THE EUROPEAN Union has initiated formal talks – the first stage of disputes proceedings at the World Trade Organisation – over import restrictions imposed by the Indian government on a range or products including penicillin, its salts, and derivatives, rifampicin, streptomycins or their derivatives, and first aid boxes or kits.…
INDIA SALES TAX
BY SWINEETHA DIAS WICKRAMANAYAKA
THE INDIAN government is publicly discussing plans to introduce a nationwide uniform sales tax on petroleum products; a decision should be made by this April. Rates currently vary amongst Indian states, with Mumbai’s Maharashtra state levying high 34 per cent rates on diesel and 30 per cent on petrol.…
PIPE DUTY REVIEW
BY KEITH NUTHALL
THE EUROPEAN Commission has abandoned a review of European Union (EU) anti-dumping duties imposed on imports of threaded malleable cast-iron tube or pipe fittings from Brazil, the Czech Republic, Japan, China, South Korea and Thailand, after affected exporters failed to assist Brussels its investigators.…
QATAR AIRWAYS
BY SWINEETHA DIAS WICKRAMANAYAKA
QATAR Airways has revealed it is keen to participate in the leasing of domestic airports in India. Its CEO, Akbar Al Baker, has told the Indian press that a subsidiary was in talks with an Indian company over forming a joint venture to participate in such an initiative.…
INDIAN ICECREAM
BY SWINEETHA DIAS WICKRAMANAYAKA
THE ALL-INDIA Ice-cream Manufacturers’ Association has launched a campaign to erase a 35 per cent dip in winter sales, even though Indian winter maximums hover in the 20Cs. A spokesman for ice-cream parlour company Nirulas said: “Most of us have this notion that eating ice-cream in winters will make us sick.”…
GRANDEY SPEECH
BY SWINEETHA DIAS WICKRAMANAYAKA
LOW uranium prices that are encouraging the international nuclear power industry are giving little incentive for the uranium mining industry to develop new sources, Gerald Grandey, President of Cameco Corporation, the Canada-based world’s uranium producer has said.…
INDIA BREEDING CENTRE
BY SWINEETHA DIAS WICKRAMANAYAKA
THE INDIAN government will spend IND Rupees 340 million on developing a National Cattle Breeding and Development Agency for Cross Breeding in the southern state of Tamil Nadu. The agency is to provide facilities including artificial insemination, frozen semen straws and basic facilities for breeders.…
INDIA WIRE DUTY
BY KEITH NUTHALL
AN INDIAN producer of stainless steel wire is facing the reimposition of 55.6 per cent European Union anti-dumping duties, after it failed to cooperate with an investigation it had instigated, aimed at avoiding the tariff. Garg Sales Co.…
DELHI ICE-CREAM
BY SWINEETHA DIAS WICKRAMANAYAKA
VRS Foods, of India, is setting up a new ice cream plant in Uttar Pradesh so it can launch the new Paras brand on the Delhi market. The line’s price will match Mother Dairy’s ice-cream, and be cheaper than market leader Kwality Walls.…
FUTURE FARMING THINK PIECE
BY KEITH NUTHALL
WHEN the New Year is upon us, pessimists tend to herald the approach of apocalypse, gloomy tidings and battening down the hatches. And in a year that may see war in the Middle East, the naysayers may say more in 2003 than usual.…
SANITARY - WTO
BY KEITH NUTHALL
INDIA and African countries have called for food health import controls allowed by WTO rules to be weakened regarding developing country exporters, claiming they are so tough and bureaucratic, they prevent them exporting healthy food.…
WATER WARS
BY MARK ROWE
WARS are usually fought over coveted resources, such as oil, diamonds or fertile land. Now water, the most indispensable of mankind’s needs, is seen as the resource which may spark the armed conflicts of the 21st century.
Indeed, United Nations (UN) cultural and scientific organisation UNESCO is stepping up efforts to calm tension in some of the world’s most water-stressed areas.…
INDIA EXPORTS
BY SWINEETHA DIAS WICKRAMANAYAKA
INDIA’S Council for Leather Exports has expressed disappointment over the recommendations of an Indian government industry task force, which has suggested cutting tax and duty exemptions. The council said that export promotion schemes such as advance licensing, the Duty Entitlement Pass Book and the Export Promotion Capital Goods exemption had been introduced to offset some of the cost disadvantages for Indian exporters.…
VIETNAM - GAS
BY MARK ROWE
VIETNAM’S first commercial gas production, a US$1.3 billion project, began last month (November). The venture, between BP and India’s ONGG Videsh, is based in the Lan Tay and Lan Do fields of the Nam Con Son basin, 224 miles off southern Vietnam.…
INDIA GAS
BY SWINEETHA DIAS WICKRAMANAYAKA
A REPORT by India’s petroleum ministry and consultants McKinsey & Co has said that to create an effective regulated monopoly in India transporting natural gas, the state-owned Gas Authority of India Ltd should be stripped of its marketing and petrochemicals roles.…
SKECHERS - INDIA
BY SWINEETHA DIAS WICKRAMANAYAKA
SKECHERS – the Californian footwear brand promoted by pop icon Britney Spears – is launching two new lines in the Indian market, consolidating a patchy local portfolio: Skechers Retros, (trainers) and Skechers 4 Wheelers, (skateboard shoes). The brand has an exclusive distribution tie-up with speciality retailing store Planet Sports, in Delhi, Mumbai (Bombay), Pune, Hyderabad and elsewhere.…
INTERNATIONAL ORGANISATION ROUND UP
BY KEITH NUTHALL
*A supermarket boom in sub-Saharan Africa is raising food production and distribution standards, which many small farmers cannot meet, said the UN’ Food and Agriculture Organisation (FAO). It called for the funding of cooperatives, micro-loans and training, especially in South Africa, Kenya, Zimbabwe, Zambia, Namibia, Botswana and Swaziland.…
INDIA BED LINEN
BY KEITH NUTHALL
THE EUROPEAN Union is toasting a victory over India at the World Trade Organisation in the long-running bed-linen anti-dumping duties case; a disputes panel rejected India’s claims that the EU had failed to implement an order made last year by another panel that it should reform its protection against Indian linen.…
INDIA POLYESTER
Keith Nuthall
EUROPEAN Union (EU) ministers have been asked to approve definitive anti-dumping and countervailing duties for Indian exports of polyester textured filament yarn into Europe, after European Commission investigations concluded that under-priced consignments were damaging EU producers.
Brussels has formally proposed that Indian exports are saddled with a 7.9% anti-dumping duty, with lower duties being levied on products from companies that cooperated with Commission inquiries into the problem.…
PEPSI INDIA
BY SWINEETHA DIAS WICKRAMANAYAKA
PEPSI Co India Holdings is reorganising its management structure, basing it on five regionally based markets: north, east, west, south and central. Said a Pepsi official: “The organisation structure in the market units is being reconfigured to reflect geographic continuity and tap new market opportunities.”…
WTO ROUND GREENWATCH
BY KEITH NUTHALL
IT might seem a long way from South Hams District Council’s public tendering process to world trade negotiations in Geneva, but thanks to the globalisation process that upsets so many protesters with metal rods stuck through their noses, the two are actually closely related.…
INDIA AIRPORTS
BY SWINEETHA DIAS WICKRAMANAYAKA
INDIA AIRPORTS
INDIA’S Ministry of Civil Aviation has announced that the privatisation of the country’s four metro airports New Delhi, Mumbai (Bombay), Kolkata (Calcutta), and Chennai (Madras), should be completed by May 2003.
India’s civil aviation secretary, Mr K.…
WTO EXPORT SUBSIDIES
BY KEITH NUTHALL
THE EUROPEAN Union (EU) is facing a mass attack on its sugar export subsidies at the World Trade Organisation (WTO). They have been formally challenged by both Australia and Brazil, with the Ivory Coast, Congo, Madagascar, Columbia, Canada, Kenya, Barbados, India, Zimbabwe, Malawi, Jamaica, Swaziland, Fiji, Guyana and Mauritius expected to line up behind them in support.…
STEEL WIRE
BY KEITH NUTHALL
THE EUROPEAN Union’s (EU) anti-fraud unit OLAF has claimed that EU treasuries were cheated of Euro 6 million because of a rules of origin scam involving steel wire, which has now been uncovered.
In its 2001-2002 annual report on the fight against fraud in the EU, OLAF tells of inquiries into information provided by British customs officers about an apparent increase in trade between India and the United Arab Emirates in steel wire.…
DELHI ICE-CREAM
BY SWINEETHA DIAS WICKRAMANAYAKA
VRS Foods, of India, is setting up a new ice cream plant in Uttar Pradesh so it can launch the new Paras brand on the Delhi market. The line’s price will match Mother Dairy’s ice-cream, and be cheaper than market leader Kwality Walls.…
BANGALORE AIRPORT
BY SWINEETHA DIAS WICKRAMANAYAKA
A DEAL over financing the construction of a proposed Bangalore international airport in southern India has been delayed beyond its original September deadline. A Siemens-led consortium has yet to sign a concession agreement and is waiting for amendments to Indian aviation legislation to pass through the national parliament.…
RULES OF ORIGIN
BY KEITH NUTHALL
CREATING finished leather from tanned leather, (in its wet state), is not sufficiently important a manufacturing process to warrant the final product being legally considered a new good, made in the country where it was processed rather than where it was sourced, the chairman of a special World Trade Organisation committee has advised.…
INDIAN ICECREAM
BY SWINEETHA DIAS WICKRAMANAYAKA
THE ALL-INDIA Ice-cream Manufacturers’ Association has launched a campaign to erase a 35 per cent dip in winter sales, even though Indian winter maximums hover in the 20Cs. A spokesman for ice-cream parlour company Nirulas said: “Most of us have this notion that eating ice-cream in winters will make us sick.”…
PADDY CLAY
BY SWINEETHA DIAS WICKRAMANAYAKA and KEITH NUTHALL
CERAMIC manufacturers in Sri Lanka are seeking changes in national laws restricting the quarrying of paddy lands, because they contain premium deposits of kaolin. The country’s Ceramics Industry Task Force has asked its national government to revoke certain provisions of the Agrarian Development Act, which ban the mining of paddy lands, even if they are not being used for agriculture or have ceased to be viable for food production.…
RULES OF ORIGIN
BY KEITH NUTHALL
CREATING finished leather from tanned leather, (in its wet state), is not sufficiently important a manufacturing process to warrant the final product being legally considered a new good, made in the country where it was processed rather than where it was sourced, the chairman of a special World Trade Organisation committee has advised.…
BATA INDIA
BY SWINEETHA DIAS WICKRAMANAYAKA
BATA India Ltd has launched three new lines for Indian consumers. Two are for men: ‘Wind,’ with air circulation features, and ‘Flexible’ whose design reflects foot contours; and one for women: ‘Comfort,’ which has cushioned spring-pads and a cantilever sole design.…
MAHINDRA - INDIA
BY KEITH NUTHALL
AN INDIAN hire-purchase company has been lent IND Rupees 840, (US$17 million), by the World Bank’s International Finance Corporation, so it can widen the financial services it offers India’s rural and semi-urban communities, notably to sell insurance policies.…
INTER-LINGUAL COMMS
BY SWINEETHA DIAS WICKRAMANAYAKA
A COMPUTERISED translation tool has been developed by India’s Department of Information Technology, which will allow publishers to scan copy written in one of the country’s varied languages and scripts and translate it into another tongue. Its Optical Character Recognition scans printed or even hand-written text and converts it into a computer processable format, from which translations can be generated.…
WORLD BANK - INDIA
KEITH NUTHALL
THE WORLD Bank is lending US$108.2 million to a project improving the management of tropical hardwood forests in Andhra Pradesh, India. This investment will be focused in 14 of the poorest districts of the state, covering 3.86 million hectares of forest.…
INDIA ROUND-UP
BY SWINEETHA DIAS WICKRAMANAYAKA
THE INDIAN leather sector is receiving a major boost from its national government, both in terms of increased production support and export assistance. Industry players are hopeful of receiving IND Rupees 8 billion support under the country’s 10th (five year) Plan.…
RULES OF ORIGIN
BY KEITH NUTHALL
TALKS held between the USA and India over a complaint regarding American rules of origin legislation for clothing and textile products have failed, with New Delhi formally requesting that a World Trade Organisation disputes panel be established to settle the row; the Indian government claims that they unfairly favour the US and European Union textile industries.…
GUJURAT PIPE
BY SWINEETHA DIAS WICKRAMANAYAKA
INDIA’S Gujarat State Petronet Ltd has developed plans to lay gas transmission trunk line between Shell’s LNG regasification terminal at Hazira, inland to Bharcuh, at a cost of IND Rupees 1,900 million, (US$38.74 million). Gujurat Petronet has signed a memorandum of intent with Shell Hazira Gas Pvt Ltd.…
TALISMAN SUDAN
BY MONICA DOBIE
JIM Buckee, CEO of Canada’s Talisman Energy Inc., has confirmed that his company is currently in talks with India’s Oil and Natural Gas Corp. over selling its controversial oil operations in the Sudan. Mr Buckee did not name a price, but analysts estimate the Sudan operations could fetch between US$600 and US$1billion.…
SUGAR TALKS
BY KEITH NUTHALL
THE EUROPEAN Union Council of Ministers has authorised the European Commission to negotiate guaranteed prices for sugar suppliers from India and the so called ACP (African Caribbean Pacific) group of countries, which has special trade relations with the EU.…
COCHIN INTERNATIONAL
BY SWINEETHA DIAS WICKRAMANAYAKA
AN ADDITIONAL injection of IND Rupees 220 million, (US$4.5 million), is to be invested into Cochin International Airport Ltd, in Kerala, India, by five directors of the company, raising their stake to 26 per cent. The move is part of a plan by the company to expand its equity base to INDRupees 2,000 million, (US$40.8 million), from the current IND Rupees 900 million, (US$18.3 million), to liquidate high-cost loans that have been eating into its profits.…
PERFETTI INDIA
BY SWINEETHA DIAS WICKRAMANAYAKA
PERFETTI India Pvt Ltd, the wholly owned subsidiary of Italian confectionery major Perfetti Sp.A, is about to launch Alpenliebe Cream Strawberry, a milk chocolate variant of its flagship brand, Alpenliebe.…
MALAYSIA INDIA
BY MARK ROWE
MALAYSIA Airports Holdings (MAH) has won a joint contract to build and operate a new international airport in Hyderabad, India, which is expected to be in operation by 2006. MAH will be involved in the airport’s planning, development and operation.…
INDIA LEASES
BY SWINEETHA DIAS WICKRAMANAYAKA
THE INDIAN government is considering the appointment of technical consultants to draw up detailed specifications for the management of India’s four metropolitan airports, namely New Delhi, Bombay (Mumbai), Madras (Chennai) and Calcutta (Kolkata), which is to be leased to private companies.…
RULES OF ORIGIN
KEITH NUTHALL
THE UNITED States has delayed the establishment of a disputes panel at the WTO considering India’s complaint about American textile rules of origin. Washington opposed the move, forcing India to make a second application, which cannot be blocked.…
INDIAN MILLS
BY SWINEETHA DIAS WICKRAMANAYAKA
MANY paper mills in India processing waste paper into recycled stationary are facing closure, the All-India Small Paper Mills’ Association is claiming. It says about 300 small mills are at risk, because they are failing to compete with overseas players on cost and quality grounds.…
GM CHINA
BY MARK ROWE
THE CHAIRMAN of General Motors China has warned that neighbouring south-east Asia’s home grown car industry will in future find itself squeezed by stiff competition from the emerging giant next door. China’s expanding middle class, robust economic growth and low rates of vehicle ownership means that car makers in south-east Asian countries such as Thailand will be hard pressed to compete in the growing Chinese market, according to Phil Murtaugh, chairman of General Motors China.…
BOSS PROFILES
BY SWINEETHA DIAS WICKRAMANAYAKA
BOSS Profiles Ltd, of India, a ceramic architectural products manufacturer in Pondicherry will launch a range of architectural ceramic products based on international patents. Boss said its existing IND Rupees 6.2 millions factory could manufacture 1.5 million square metres of product, to be expanded to 6.75 million square metres in five years.…
SRI LANKA BEACH
BY SWINEETHA DIAS WICKRAMANAYAKA
MINERAL processing is set to resume in earnest at the Pulmoddai beach mine in northern Sri Lanka, because the ceasefire between the island’s government and the Tamil Tiger separatists has removed the threat of violent disruption to its operations.…
INDIA REVIEW
BY SWINEETHA DIAS WICKRAMANAYAKA, in Columbo
THE WORK of chartered accountants in India will next year be checked against the standards of their national professional organisation; the Institute of Chartered Accountants of India (ICAI) has launched a “peer review” of its members, to help “firms in their quest for enhancement of the quality of work.”…
RULES OF ORIGIN
KEITH NUTHALL
TALKS held between the USA and India over a complaint regarding American rules of origin legislation have failed, with New Delhi formally requesting that a World Trade Organisation disputes panel is established to settle the row; the Indian government claims that they unfairly favour the US and European Union textile industries.New…
INDIA
BY KEITH NUTHALL
INDIA is streamlining its export procedures to make it easier for food traders to sell their products abroad, such as an uniform commodity classification.…
BED LINEN AGAIN
KEITH NUTHALL
INDIA has formally requested the creation of a disputes panel at the World Trade Organisation, which is has asked to rule that the EU broke global trading rules when reimposing anti-dumping duties on Indian exports of cotton-type bed linen.…
INDIA LEASES
BY SWINEETHA DIAS WICKRAMANAYAKA
ESTABLISHED airport operators, including those of Zurich, Frankfurt, Malaysia, Singapore Changi and Copenhagen, have participated in road-shows in New Delhi and London held to attract interest in Indian government plans to lease the management of its four large metropolitan airports in New Delhi, Madras (Chennai), Bombay (Mumbai) and Calcutta, (Kolkata).…
EXXON INDIA
BY SWINEETHA DIAS WICKRAMANAYAKA
TOTALFINAELF is talking to Exxon Mobil about buying its Indian LPG business, boosting its India sales volumes by 50 per cent. TotalFinaElf would take over the 60 LPG dealerships held by Mobil Peeves, Exxon’s joint venture with an NRI, of Kerala.…
INDIAN THERMALS
BY SWINEETHA DIAS WICKRAMANAYAKA
THE NATIONAL Thermal Power Corporation (NTPC) of India is to explore the creation of joint ventures with state electricity boards as well as publicly-owned foreign utilities to meet its target of boosting capacity by 20,000 megawatts by 2012.…
RELIANCE OIL
BY SWINEETHA DIAS WICKRAMANAYAKA
INDIA’S Reliance is close to a deal with the Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum for marketing petroleum products from its Jamnagar refinery, Gujarat. The Press Trust of India said that Reliance had dropped demands for ‘take-or-pay’ contracts with the national oil companies.…
IAEA SECURITY
BY KEITH NUTHALL
A FINANCED global action plan to improve safety in the nuclear energy sector has been approved in principle by the Board of Governors of the International Atomic Energy Agency. A number of countries have pledged around US$4.6 million to fund its programmes, although this falls far short of the US$12 million price tag claimed by the IAEA, which also wants a fund of US$20 million established to handle security emergencies.…
GUJURAT PLANT
BY SWINEETHA DIAS WICKRAMANAYAKA
COMPETITION is intensifying to supply the planned new 615 MW power plant in Saurashtra, Gujurat, India, with fuel. Gujarat State Petronet Ltd is about to submit a feasibility report on laying a IND Rupees 1,650 million, 65-km, sub-sea gas pipeline connecting the mid-Tapti fields with the Gujurati port of Pipavav.…
SOUTH ASIAN NETWORK
BY SWINEETHA DIAS WICKRAMANAYAKA
A MEMORANDUM of Understanding has been signed by nine south Asian electricity utilities regarding the promotion of regional cooperation in energy development. As a result, utilities from India, Bangladesh, Sri Lanka, Bhutan, Maldives and Nepal will share information on best practice regarding energy generation and management.…
BED LINEN AGAIN
Keith Nuthall
THE EUROPEAN Union Council of Ministers has taken little time to approve the proposals from the European Commission to confirm, (and therefore re-impose), the suspended tariffs on cotton-type bed linen from India. New Delhi has already restarted disputes proceedings at the World Trade Organisation.…
GUJURAT PLANT
BY SWINEETHA DIAS WICKRAMANAYAKA
COMPETITION is intensifying to supply the planned new 615 MW power plant in Saurashtra, Gujurat, India, with fuel. Gujarat State Petronet will submit a feasibility report on an IND Rupees 1,650 million sub-sea gas pipeline connecting the mid-Tapti fields with the Pipavav port.…
SHOE AND FASHION FOOTWEAR NEWS
BY SWINEETHA DIAS WICKRAMANAYAKA
INDIA’S Sprandi International has launched a new range of sports and leisure footwear called Dome, which are targeted at 18-35 year olds. Available in leather and synthetic uppers with rubber and phylon soles, priced between Rs 900 and Rs 2,300.…
INDIAN TRAINERS
BY SWINEETHA DIAS WICKRAMANAYAKA
INDIA’S Woodland footwear company has launched a new collection of jogging shoes called Great Escape, available in two uppers, soft nubuck leather and split leather, priced at INDRupees 1,595, and INDRupees 1,395 respectively. They are available in camel, brown and green.…
INDIA
BY KEITH NUTHALL
THE INDIAN government is planning to set up 27 so-called ‘food parks,’ dedicated industrial estates for food processing industries.…
INDIA LPG DUTY
BY SWINEETHA DIAS WICKRAMANAYAKA
THE INDIAN government has cut by half the price increase of INDRupees 40 per LPG cylinder that it had proposed in its 2002-03 budget. An INDRupee 1.50 price rise per litre of kerosene was maintained however.…
MAHARASHTRA VAT
BY SWINEETHA DIAS WICKRAMANAYAKA
THE MAHARASHTRA government, which controls Mumbai (Bombay), India, has levied a surcharge of INDRupee 1 on every litre of petrol and diesel sold in the state.…
INDIA REGULATOR
BY SWINEETHA DIAS WICKRAMANAYAKA
THE INDIAN cabinet has cleared a bill that would lead to the establishment of a petroleum refining and marketing regulatory board to monitor prices in the newly deregulated sector. It will also have powers to check profiteering and ensure availability of products.…
INDIA AIRPORTS
BY SWINEETHA DIAS WICKRAMANAYAKA
THE INDIAN government has announced that it intends to upgrade standards at the country’s international airports at Delhi, Bombay (Mumbai), Madras (Chennai) and Calcutta (Kolkata), raising them to a “world class” level by introducing private sector management and investment through long term leasing systems.…
INDIA BED-LINEN AGAIN
KEITH NUTHALL
ANGER has been sparked inside the Indian government by the European Union’s decision to effectively maintain anti-dumping duties on exports of Indian bed linen, which New Delhi claims is in clear contravention of two World Trade Organisation rulings on the matter.…
SRI LANKA
BY SWINEETHA DIAS WICKRAMANAYAKA, in Columbo
CEYLON Carriers Ltd., and the Transport Corporation of India have signed an agreement to launch a cost-effective system of cargo transportation in Sri Lanka. The partners will introduce a new Express Cargo System in the country, extending an air freight and shipping network that already covers India, Bangladesh, Nepal and Bhutan.…
TANNERY RELOCATION
BY SWINEETHA DIAS WICKRAMANAYAKA
LEATHER exporters in West Bengal, India, fear that they will be forced to import tanned hides from other parts of the country, increasing their costs, because of a court order ruling that 231 tanneries in the state should have relocated to the new Calcutta tanning complex by the end of February.…
HINDUSTAN LEVER
BY SWINEETHA DIAS WICKRAMANAYAKA
HINDUSTAN Lever Ltd is to aggressively launch its reformulated Lifebuoy soap brand, by way of novel indirect marketing in rural India, that of persuading villagers to take more care with their personal hygiene. The campaign will range across nine states, to achieve double-digit growth in Lifebuoy’s sales figures, which currently stand at around two million soaps sold daily.…
VEGETABLE OIL
BY SWINEETHA DIAS WICKRAMANAYAKA
INDIAN customs officers have been urged to take action against a fraud being carried out by importers of refined vegetable oil, who are declaring it as unrefined, to avail themselves of the lower duties that apply for this product.…
INDIA WTO
Keith Nuthall
THE INDIAN government has abandoned its appeal against last December’s World Trade Organisation ruling that it had broken global commerce rules by insisting that auto-manufacturers within its territory not only promise to buy some components locally, but that they export products of an equal value of imported inputs.…
ANDHRA PRADESH
BY SWINEETHA DIAS WICKRAMANAYAKA
THE GOVERNMENT of Andhra Pradesh, India, wants to establish 94 leather-based industrial parks. These would include mini 25-acre sites focusing on raw materials processing, medium 100-acre sites handle semi-finished leather, finished leather and part-finished products, plus mega 300-acre sites, for creating export quality products.…
SRI LANKA ALUMINIUM
BY SWINEETHA DIAS WICKRAMANAYAKA
A SRI Lankan metal company is to try and exploit the advantages of the Indo-Lankan Free Trade Agreement by exporting its aluminium extrusions to the south Indian cities of Madras, Bangalore, Trivandrum and Cochin.
Lanka Aluminium Industries Ltd is planning to team up with Jindal Aluminium, of India, in its bid to move out its small domestic market.…
UN - CORRUPTION
BY KEITH NUTHALL
BACK in the last century, it was easy to find economists who liked a little corruption, saying it oiled the wheels of government and commerce. Today, this complacency has gone, with most development specialists saying bribes weaken governments and shrink private investment.…
INDIAN LEATHER
BY SWINEETHA DIAS WICKRAMANAYAKA
THE INDIAN government is planning to kick-start its shoe component leather industry, as part of a plan to boost the country’s share of the global leather trade to 10 per cent from its current level of around seven per cent.…
RULES OF ORIGIN
Keith Nuthall
INDIA V USA
THE EUROPEAN Union and Bangladesh are to join formal World Trade Organisation talks launched by India, which is challenge changes made by the USA to its rules of origin legislation, that New Delhi claims favour the American and European Union textile industries, unfairly discriminating against Indian producers.…
INDIA AUTHORITY
BY KEITH NUTHALL
THE Indian cabinet is discussing a new national policy for food processing, which would pave the way for a Processed Food Development Authority. New Delhi is considering the rationalisation of Indian food legislation, currently divided into a plethora of laws, including those relating to the environment, marketing, grading and control.…
INDIA V USA
KEITH NUTHALL
INDIA has triggered the first stage of World Trade Organisation disputes proceedings in a bid to force the United States to abolish changes made to its rules of origin legislation, that New Delhi claims favour the American and European Union textile industries.…
INDIA
BY SWINEETHA DIAS WICKRAMANAYAKA
INDIA is planning to open an international airport serving Buddhist pilgrims visiting the site of the Buddha’s enlightenment, in the undeveloped state of Bihar, which would receive flights from around the world, unrestricted by bilateral agreements.
New Delhi and the Bihar state government have identified land for the development, between the religious site of Buddha Gaya and nearby Gaya town.…
ACP SUGAR
BY ALAN OSBORN
THE EU has agreed with a number of sugar-producing ACP (Africa, Caribbean, Pacific) countries and separately with India on the supply of cane sugar to European refiners over the next five years. A duty-free quota of 10,000 tonnes has been set for India but may be increased if other supplies fall short.…
VENDING MACHINES
BY SWINEETHA DIAS WICKRAMANAYAKA
NESTLE India Ltd is considering the introduction of chocolate vending machines after the success of a similar initiative for tea and coffee. Indian press reports have quoted an official spokesperson as confirming that the multinational is “studying the feasibility of setting up vending machines for chocolates.”…
INDIA
BY KEITH NUTHALL
INDIA’S Ministry of Health and Family Welfare has issued new health standards for meat and meat products, namely corned beef, luncheon meat, cooked ham, chopped meat, canned chicken, canned mutton and goat meat, frozen mutton and goat meat, focusing on microbiological requirements, the use of food additives and metal contaminants.…
INDIA JK PAPER
BY SWINEETHA DIAS WICKRAMANAKA
INDIAN paper giant JK Paper Ltd. of India has launched discussions with foreign paper companies into striking an outsourcing deal for coated paper under the ‘JK Paper’ brand name. The company sees the strategy as a way of helping it double its volumes from existing 150,000 tonnes per annum to 300,000 in the next 2-3 years, along with planned mergers and acquisitions.…
LANKA WALLTILE
BY SWINEETHA DIAS WICKRAMANAYAKE
LANKA Walltile Ltd of Sri Lanka has recorded a gross sales increase of 1.25 per cent in 2000-2001, despite a boom of imports of cheap tiles from India, Thailand and India in the Sri Lankan market.…
THAI PRAWNS
BY MARK ROWE
SHIPPING live prawns in a hibernated state to Europe is being promoted in Thailand as a means of combating increased export competition from regional neighbours. Thai exporters are being encouraged to explore the possibility of shipping live tiger prawns to Europe by keeping the cargo in hibernation.…
BLACK EMPOWERMENT COMPANY
BY RICHARD HURST
A NEWLY formed so-called South African black empowerment company, Phila Phola Pharmaceuticals, intends to import and produce generic and patented drugs under licence is actively seeking established partners from the sector.
Originally intended to be under the umbrella of the Thebe Investment Company, the company has been spun off as a separate entity and is seeking viable factory sites in Johannesburg and Cape Town.…
UN LAW OF THE SEA
BY KEITH NUTHALL
THE UNITED Nations General Assembly will be asked to consider the plight of seafarers so poorly paid that they work in conditions amounting to “slavery,” when it considers relating to oceans and the Law of the Sea next month.…
BRAIN DRAIN
BY ALAN OSBORN
THE USA takes more scientists and engineers from Britain than from any other country in the western industrial world, according to the latest Science, Technology and Industry indicators published by the Organisation for Economic Cooperation and Development.
The report shows that 7,086 scientists and engineers from the UK are at present employed in the US, followed by 5,351 from Canada, 2,298 from Germany and 1,843 from Korea.…
BRAIN DRAIN
BY ALAN OSBORN
Britain is the key source within the OECD countries for scientists and engineers working in America, according to the latest Science, Technology and Industry indicators published by the organisation. They show that 7,086 scientists and engineers from the UK are at present working in the US, followed by 5,351 from Canada, 2,298 from Germany and 1,843 from Korea.…
INDIA BED-LINEN
KEITH NUTHALL
INDIA is disputing whether the EU has complied with the WTO ruling that it broke world trading rules when protecting its cotton-type bed linen producers with anti-dumping duties. Brussels has claimed that it has fulfilled instructions from a disputes panel by suspending the duties, but New Delhi has reserved the right to launch a fresh action, especially if moves are made by next March to renew the duties.…
CORONA-INDIA
BY SWINEETHA DIAS WICKRAMANAYAKE
MEXICO-based Grupo Modelo is launching its flagship brand Corona in India this year, with its international market coordinator for the Asia-Pacific region claiming that the beer will be as successful as it has been in China. Linares Fernando told the Indian press that annual Chinese sales are approaching one million cases.…
INDIA BED LINEN
Keith Nuthall
EUROPEAN bed linen manufacturers have been given six months to request the imposition of renewed anti-dumping duties on cut-priced imports from India, after the European Commission complied with a WTO ruling on the protection and suspended existing tariffs. Geneva had claimed that Brussels had wrongly calculated the duties and EU trade commissioner Pascal Lamy has now ruled that there is currently insufficient information on which to base a fresh assessment leading to an immediate re-imposition of the duties.…
INDIA/TURKEY LATEST
Keith Nuthall
FURTHER details have been released about the deal struck between India and Turkey to resolve the WTO dispute over Turkish restrictions on 19 categories of Indian textile exports. They include the immediate removal of some quantitative restrictions and the reduction of tariffs by September 30.…
COMMISSION REPORT
BY ALAN OSBORN
THE COMPLETION of the World Trade Organisation’s Agreement on Textiles and Clothing in 2005 will usher in a new world order for the industry, in which Europe will have to meet the challenge of unrestricted imports from major suppliers like China, India and Indonesia for the first time.…
COTTON DUTIES
BY ALAN OSBORN
THE EUROPEAN Union’s Council of Ministers has decided to suspend the collection of anti-dumping duties on imports of cotton-type bed linen from India following a determination by the World Trade Organisation that the EU had failed to take all relevant factors into account when it originally imposed the levies in 1997.…
INDIA DUTY
BY SWINEETHA DIAS WICKRAMANAYAKE
THE INDIAN Leather Garments Association has urged the Finance Ministry in New Delhi to mothball its recently announced reduced all-industry duty drawback rates, as far as the leather and leather product sector is concerned. It claimed that the new duty rates would “adversely affect” exports in India’s IND Rupees 18,000 million leather garment industry.…
HELIUM TRAINER
KEITH NUTHALL
CONVERSE, the international athletic footwear and apparel brand has been launched in India by Planet Sports. It is known for its helium technology-equipped hi-tech performance footwear, sporty sandals, and the All Star Canvas range. Prices range from IND Rupees 600-2,000.…
INDIA BOUNDARY
BY SWINEETHA DIAS WICKRAMANAYAKE
INDIA has launched a study to mark and expand its sea boundary by an additional one million square kilometres, (400,000 square miles), beyond its existing exclusive economic zone, the country’s Daily News has reported. A seismic survey is being carried out by the National Institute of Oceanography, with a view to staking a claim by 2005 for extended maritime borders on the east and west coast of India.…
INDIA SEABOUNDARY
BY SWINEETHA DIAS WICKRAMANAYAKE
INDIA has launched a study to mark and expand its sea boundary by an additional one million square kilometres, (400,000 square miles), beyond its existing exclusive economic zone, the country’s Daily News has reported. A seismic survey is being carried out by the National Institute of Oceanography, with a view to staking a claim by 2005 for extended maritime borders on the east and west coast of India.…
INDIA DUTY
BY SWINEETHA DIAS WICKRAMANAYAKE
A REVIEW of additional protective duties erected against spirits imported into India is not to be held by the government in New Delhi, the Press Trust of India has reported.
Instead, the central government has defended the imposition of extra customs duty on imported liquor, saying it was necessary to protect the domestic production industry and has added that it was considering imposing a 24 per cent flat rate on imported spirits kept in warehouses for more than 30 days.…
INDIA
BY SWINEETHA DIAS WICKRAMANAYAKE
THE AIRPORTS Authority of India has granted a 10-year licence to an international consortium to provide ground and passenger handling services at four of the country’s busiest airports, namely New Delhi, Mumbai (Bombay), Chennai (Madras) and Trivandrum.…
ARGENTINA V INDIA
BY KEITH NUTHALL
THE INDIAN government has sought formal talks at the World Trade Organisation with Argentina over what it claims is discriminatory treatment of its pharmaceutical exports. The south Americans insist that for medicines to enter Argentina, they must have been made in a country included on one of two official Buenos Aires lists, linked to specific inspection regimes.…
INDIAN FUND
BY SWINEETHA DIAS WICKRAMANAYAKE, in Columbo, Sri Lanka
THE PRESIDENT of the Indian Footwear Components Manufacturers’ Association has asked the New Delhi government to set up a Rupees 1,000 million technology modernisation fund to help the sector “face international competition and gain confidence.”…
CHINA - WTO
BY KEITH NUTHALL
THE SHIPPING industry is looking forward to the anticipated accession of China to the World Trade Organisation, which after 15 years of often tortuous negotiations, is likely to be rubber stamped this autumn and become reality next Spring.…
IRON PILLS
BY SWINEETHA DIAS WICKRAMANAYAKE
THE KEE Pharma company, of India, has unveiled a new palate-friendly iron pill, Poliron, in chocolate and mixed fruits flavours. Iron pills are generally bitter to the taste, but important in India, where 55 per cent of the population, largely women and children, suffer from anaemia.…
INDIA EXPORTS
BY SWINEETHA DIAS WICKRAMANAYAKE
THE HIGH production cost of sugar within India is a major stumbling block to the export of an existing large surplus, the country’s Minister of Food and Civil Supplies, Shanta Kumar has said at a press conference.…
TRIPS COUNCIL
BY KEITH NUTHALL
A GROUP of developing countries has said that progress towards creating differential pricing arrangements for pharmaceuticals should not undermine the right of their governments to authorise the emergency production of drugs, as well as parallel imports of low cost lines.…
INDIA - KERALA
BY SWINEETHA DIAS WICKRAMANAYAKE
PETRONET LNG Ltd., a consortium of four Indian state-owned oil and gas companies, is to invite global engineering, procurement and construction bids for its Rs18 billion, 2.5-million-ton liquefied natural gas re-gasification plant project at Kochi, Kerala. A senior official has told India’s Financial Express that a contractor would be selected by January 2002.…
MOCCASINS
KEITH NUTHALL
SUPERHOUSE Leathers Ltd, of India, the manufacturers of the Allen Cooper brand, have launched a Moccasins range, with shoes made of a leather upper bent and rounded at the bottom, which is then bonded with the sole. They cost IND Rupees 1,499.…
INDIA LEATHER WRAP
BY SWINEETHA DIAS WICKRAMANAYAKE
DEMAND for ostrich leather, particularly from south Asia, has been one the result of the recent spread of foot-and-mouth disease across the globe, notably to Britain, Argentina, Uruguay, South Africa, Saudi Arabia and Qatar. The problems have created a scarcity in the market for bovine leather and there have been industry reports from India saying that there has been a resulting good demand for printed leathers, especially ostrich leather print, reflecting positive opinions that it is distinctive and elegant.…
FLORESHEIM
BY SWINEETHA DIAS WICKRAMANAYAKE, in Columbo
THE FOOTWEAR group Floresheim has ended its leather contract with India, warning that it would not renew a purchase deal unless the Government in New Delhi takes measures to improve treatment of animals, the Press Trust of India has reported.…
INDIAN CARGO
BY SWINEETHA DIAS WICKRAMANAYAKE, in Columbo, Sri Lanka
THE AIRPORT Authority of India, (AAI), is studying ways to speed the clearance of cargo through Indian airports because of concerns that it is taking an excessively long time. V.K. Duggal, Chairman of Scope Air, (Standing Committee on Promotion of Exports-by Air), said at a meeting in Chennai, that the AAI was studying ways of reducing the time cargo remained at airports, notably by providing facilities to major airlines to set up their own X-Ray machines.…
EAST ASIAN DEAL
BY KEITH NUTHALL
EAST Asian shipping companies are expected to receive a boost from the ratification by China of the Bangkok Agreement, making one of Asia’s oldest trade accords the world’s largest in terms of market potential.
With China joining the arrangement – which is based on shared trade preferences – it becomes the largest regional trade arrangement, opening up a market with a combined population of more than 2.5 billion, said the United Nations Economic and Social Commission for Asia and the Pacific, (ESCAP).…
INDIA JUTE
KEITH NUTHALL
INDIA has launched formal talks at the World Trade Organisation over the imposition by Brazil of anti-dumping duties on its exports of jute bags, which New Delhi claims were erected in contravention of WTO rules.…
EU-INDIA LATEST
Keith Nuthall
THE EUROPEAN Union and India have agreed that Brussels has until August 14, this year, to implement the rulings of the WTO disputes settlement body, that found that the EU had wrongfully imposed anti-dumping duties on imports of Indian cotton-type bed linen.…
INDIAN BED LINEN
Keith Nuthall
THE EUROPEAN Union has lost its appeal at the World Trade Organisation against last year’s disputes panel ruling, which censured its imposition of anti-dumping duties on cotton-type bed linen from India. The Appellate Body of the WTO disputes procedure has agreed that the EU did erect duties via procedures that broke international anti-dumping regulations.…
BSE ASSESSMENT
BY KEITH NUTHALL
THE EU’s Scientific Steering Committee has advised that it is “likely” that BSE is present in cattle herds in Albania, Cyprus, the Czech Republic, Estonia, Hungary, Poland and Slovakia, that it is “unlikely” to be present in India, Pakistan, Colombia and Mauritius, and “highly unlikely” to be in the cattle of Brazil and Singapore.…
SOUTH ASIAN AIRPORTS
BY SWINEETHA WICKRAMANAYAKE AND ANNIE KEY
PROPOSALS are in the pipeline for airport construction projects, expansions and refurbishments throughout India and Sri Lanka. Over the next five years, there are plans to launch at least five new airports throughout the region, although it in anticipated that significant support from their respective governments will be required for them to be a fully fledged success.…
INDIA’S BRANDED POULTRY MAKERS NERVOUS OVER ANTICIPATED AMERICAN IMPORTS
A leader of India’s poultry industry has called on the government in New Delhi to impose a significant customs duty on imported US chicken products, in the face of new anticipated American imports. Ramesh Chander Khatri, president of the Poultry Federation of India, told GlobalMeatNews there was a serious risk of farm and processing plants closures if the Indian government does not raise tariff barriers.…