Search Results for: Bangladesh

By WANG FANGQING

FACING soaring wages and an appreciating local currency in the Yuan, Chinese clothing makers are being forced to make a hard choice – keep clients or make profits. So far, the answer seems to be clients.

According to China’s Ministry of Commerce, profits in the export sector (for all industries) fell to 1.44% in February 2011 from 1.47% in 2010.…

BY RAGHAVENDRA VERMA

ENVIRONMENTAL concerns and the health hazards faced by the workers engaged in the ship and tanker breaking industry of Bangladesh have forced its government to reform controls of this most dangerous service. Dhaka has made administrative changes and proposed a new law that could force the international oil companies to share the costs of cleaning up the chemical and other waste left by this beach-based industry.…

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".…

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.…

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.…

BY KEITH NUTHALL

BANGLADESH, whose industrial expansion has been criticised for energy profligacy, is being helped by the International Finance Corporation (IFC), of the World Bank, to improve its energy production and consumption. Working with the Bangladesh-based Eastern Bank Limited, the IFC is identifying investment projects involving renewable energy and energy efficiency.…

BY PAUL COCHRANE

The Turkish Clothing Manufacturers Association (TGSD) has said delicate negotiations are under way to ensure every part of Turkey’s apparel industry supports a potential widespread introduction of anti-dumping duties on clothing and textile imports. These would be imposed on deliveriesfrom countries not having free trade agreements with Turkey, which excludes the European Union (EU), but includes many key emerging market suppliers, such as Bangladesh and Cambodia.…

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.…

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.…

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.…