Search Results for: Bangladesh

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.…

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.…

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.…

Bangladesh’s imports of scrap metal has risen sharply as local steel millers turn to billet production, bolstering supplies encouraged by growing demand for finished products, Steel First has learnt.

Industry insiders said the south Asian nation imported around 1.5 million tonnes of steel and iron scrap in 2015 and estimates suggest that annual imports could surge to around 2.5 million tonnes by the end of this year.…

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.…

Bangladesh’s top textiles makers are racing against time to alter the way they print fabric. The reason is simple: go digital or risk losing a competitive edge.

Vertically integrated textile manufacturing major Noman Group told Digital Textile that it is carefully considering digital textile investments.…

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).…

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.…

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.…

A CONSULTANT on the Asia textile and clothing industry has argued that a recent weak performance in Pakistan’s textile export segment should not be a concern for the country’s government, as long as ready-made-garment sales hold up. Indeed, industry expert and partner at Sydney-based Apparel & Textiles Industry (ATI) Group, Paula Rogers, told WTiN that Pakistan has made a strategic oversight by its past focus on textile processing.…