Search Results for: India

With the world’s illicit economy making up between 7% and 15% of global GDP according to the International Coalition Against Illicit Economies (ICAIE) (1), a national security NGO based in Washington DC, the need for robust law enforcement, including AML controls is clear.…

Can blockchain technologies help the textile industry resolve past transparency weaknesses in the supply chain, as well as inefficient inventory management, by facilitating fundamental changes to existing supply-chains and processes. Blockchain technologies’ decentralised storage of immutable records of physical asset transactions within digital ledgers, say some experts, can help transform the textile industry throughout the supply chain, from source (raw material point of origin) to shopfloor (brands and retailers).…

The fact that AML/CFT is expensive is widely appreciated by governments and international organisations, but they still support policies and programmes that cost a considerable proportion of the USD274.1 billion that LexisNexis Risk Solutions says is lavished on financial crime compliance (1).…

India’s Birla Cellulose, a world leader in producing viscose staple fibre, is targeting improvements in production sustainability. After achieving production of fibre comprising 20% textile waste and 80% wood pulp from certified sustainably grown and harvested forests, Birla Cellulose now plans to raise the proportion of waste in inputs to 30% textile waste, with the goal of producing 100,000 tonnes of this circular fibre across all categories in its products by 2024.…

Egypt was one of the fastest growing paint markets in the Middle East and North Africa (MENA) in 2021 and early 2022, but the depreciation of its currency on foreign exchange markets, surging inflation and an economic downturn over the past year is now depressing the sector.…

Despite high production costs and continued geopolitical instability, Italy’s domestic market for paints and coatings performed well in 2022 thanks to government tax credit schemes that boosted the building sector. Indeed, according to national paint trade and industry association Assovernici, Italy’s paints and coatings market posted overall satisfactory performance in 2022.…

South Asian clothing manufacturers are facing lean times, with international brands reducing or cancelling orders, but industry association leaders are looking towards a recovery by the end of this year. In major production hub Bangladesh, key purchasers from the USA and Europe have been cutting their order books as continuing high inflation depresses consumer demand and Russia’s invasion of Ukraine sharpens nervousness among corporates and investors.…

Russia’s invasion of Ukraine launched last February (2022) has severely damaged Ukraine’s digital textile printing segment, and while it has also harmed the Russian industry, this sector has performed better than expected, despite comprehensive western sanctions.

In Ukraine, where the invasion had killed 8,101 civilians by February 28 (UN data), the country’s light industry, including its digital textile printing sector, continues to suffer from bombardment, logistical bottlenecks and persistent power cuts.…

Russia’s bio-based oil sector looks set to benefit from the spoils of war, being poised to become the new global leader in the export of sunflower oil over the current agricultural year, overtaking past export leader Ukraine, which its military has invaded since last February, with 8,317 civilian deaths as of March 20 (2023).…