The following is a round-up of apparel and footwear news from the world’s local media. just-style has not checked these stories so cannot guarantee their accuracy.
- The Cotton Corporation of India (CCI) has started purchasing cotton in Madhya Pradesh, Karnataka and Odisha where prices have dropped after an increase in supplies. The National Spot Exchange (NSEL) has also begun purchasing cotton in Andhra Pradesh on behalf of National Agricultural Cooperative Marketing Federation of India (Nafed). Meanwhile, prices in Gujarat remain firm at INR4,100-4,200 a quintal because of low supplies. THE ECONOMIC TIMES
- Eleven textile dyeing factories in India have been dismantled for allegedly breaking pollution rules and letting untreated waste into drains. Officials carried out surprise inspections at the plants in Kasipalayam, Kollampalayam, Surampatty. Severe action will be taken against the owners of the factories and cases would be registered against them, officials said. HINDU BUSINESS LINE
- At least 100 garment factories in the Tongi-Gazipur industrial belt in Bangladesh were forced to halt production for one day earlier this week as staff took to the streets. Workers were calling for those responsible for the Tazreen Fashion fire to be arrested and punished. Demonstrators damaged two factories – Viyellatex Group and TRZ Garments, according to the Bangladesh Garment Manufacturers and Exporters Association. THE DAILY STAR
- The Pakistan Hosiery Manufacturers and Exporters Association (PHMA) has warned the government that textile exports could decline sharply because of gas shortages. The shortage of gas to textile units in Karachi has brought about a significant slump in output, the group said. Industries in Faisalabad are expected to shut down in the wake of gas outages. BUSINESS RECORDER
- India’s textile associations have welcomed the government’s decision to extend the 2% Interest Subvention Scheme for specific sectors to 31 March 2014, a move which is expected to boost exports. The Apparel Export Promotion Council (AEPC) said 74% of garment exporters would see benefits from the scheme. Another the scheme incentives for exports to the US, EU and Asia between January and March, compared to the same period in 2012. SME TIMES