The following is a round-up of apparel and footwear news from the world’s local media.

  • Bangladesh has taken on an initiative to cultivate Genetically Modified Organism (GMO) cotton or BT cotton to boost production in the country. Agriculture Minister, Begum Matia Chowdhury, said recently. The government has trained over 60,000 farmers in modern cultivation, setting up 3,050 demonstration plots for the project. FINANCIAL EXPRESS
  • Chinese multinational company, Shandong Ruyi Technology Group, is set to invest US$600m in the textile and garment industry in Kano State. Talks between officials of the company and the Kano State Investment Promotion Agency have reached advanced stage, and it is expected that a memorandum will be signed in the next few months. THE LEADERSHIP

  • Apparel buyers from Europe are calling upon Bangladesh’s garment manufacturers to move beyond the traditional, basic products and start focusing on value addition, considering the fierce competition in today’s global apparel market. Serge Leon, a freelance design advisor to Modint, underlined that production costs in Bangladesh have grown rapidly; while, the price of basic items are not that high. Therefore, business has become increasingly difficult for Bangladesh RMG makers. He says value-added, high-end items can make the business more viable for them. THE DAILY STAR

  • The Pakistan Textile Exporters Association (PTEA) has expressed concern over undue delay in payment of outstanding refunds that have accumulated to over 200bn crore, which it says is adversely affecting exporters’ cash flows. Chairman Ajmal Farooq says that despite finance minister Ishaq Dar’s assurance that all pending Refund Payment Orders (RPOs) sanctioned by 30 April would be paid in two parts, nothing was done on the ground. The RPOs, up to the value of 1 million crore, were to be paid by 15 July, and the remaining by 14 August. He says the government has released only 3bn crore to pay for Drawback of Taxes under the Prime Minister’s package in six months against the requirement of 7.29bn crore per month. THE INTERNATIONAL NEWS

just-style has not checked these stories so cannot guarantee their accuracy.

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