Search Results for: Bangladesh

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 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 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 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.…

BY WANG FANGQING

TO many Chinese manufacturers, 2011 has been a difficult year – an unfortunate combination of the fast-rising Chinese Yuan Renminbi (CNY); soaring inflation; and a shortage of available investment. And the horizon is not getting brighter: at the beginning of October, for example, the US Senate passed a controversial currency bill, aimed at punishing China for ‘currency manipulation’ with retaliatory tariffs.…

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.…

BY KEITH NUTHALL

THE WORLD Bank is financing a US dollar USD359 million health service improvement programme in Bangladesh, which will strengthen the country’s pharmaceutical distribution. The bank said the project would especially focus its efforts on the deprived areas of Sylhet and Chittagong.…

BY KEITH NUTHALL

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THE BANGLADESH textile industry and its chemical suppliers will improve its environmental standards helped by a wing of the World Bank and five major clothing brands. The bank’s International Finance Corporation (IFC), working with H&M, Kappahl, Lindex, Levis and Mothercare, will use regional and international consultants to transfer knowledge to Bangladeshi consulting firms and auditors to work with textile companies to assess existing environmental practices, then improve waste-management and energy efficiency.…