Search Results for: India

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.…

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’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.…

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.…

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.…

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.…

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.…

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 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.…

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.…