Search Results for: Bangladesh

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".…

BY MARK GODFREY

THOUGH it remains the world’s key manufacturing powerhouse, gobbling up raw materials, China’s demand for imported metals scrap is currently slack. There are several reasons for the conundrum say local and international scrap players, among them exchange rate volatility and weak Chinese prices for scrap.…

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.…

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.…

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.…

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.…

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.…

BY RAGHAVENDRA VERMA

Violent labour protests forced Bangladesh’s Grameen Knitwear to close its factory in the Dhaka Export Processing Zone last Wednesday (July 20), however company’s top official has told just-style that the work will resume in next two to three days.…

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.…

BY MJ DESCHAMPS

THE POOREST countries in the world have an unprecedented opportunity to attract investment in the pharmaceutical sector, according to a new report by the United Nations Conference on Trade and Development (UNCTAD).

The study stressed how large research and development-based pharmaceutical transnational corporations facing the expiration of blockbuster drug patents are entering into partnerships with profitable generic manufacturers in developing countries as a survival strategy.…