The following is a round-up of apparel and footwear news from the world’s local media.
- Pakistan’s struggling textile industry is facing new threats of further losing its market share to China, which is heavily investing in textile manufacturing facilities in its province bordering the south Asian nation, a leading trade body has said. “The anticipated glut of textile and garment from the Xinjiang textile park in the export as well as domestic markets of Pakistan poses a serious threat to Pakistan’s textile sector already struggling to remain afloat,” the Karachi Chamber of Commerce and Industry (KCCI) said in a report. “Setting up of the textile park at Xinjiang will give a heavy blow to Pakistani textile exports.” THE INTERNATIONAL NEW
- India’s Andhra Pradesh Government is encouraging the textile sector and entrepreneurs to make use of the benefits being offered by the State as well as the special package given by the Union Government in the Budget to set up more units. 12 MoUs have been signed by the State Government with different companies for setting up 12 apparel units in the State, entailing investment of 963 crores and generating 46,000 jobs. THE HINDU BUSINESSLINE
- The Russian Federation is to provide US$2m in funding to Armenia through UNIDO (United Nations Industrial Development Organization) to finance the implementation of the second phase of a programme aimed at boosting the country’s textile industry. “The programme will contribute to the revival of the textile, garment, leather and footwear industries and will as well strengthen Armenia’s position in the international market,” said Anahit Simonyan, the coordinator of UNIDO programmes in Armenia. ARKA NEWS AGENCY
- Pakistan ambassador to China, Masood Khalid, has encouraged Chinese companies to take advantage of the government’s investment-friendly policies and invest in textile and garments sectors in Pakistan. He added the government is focusing on developing the country’s textile and garments sectors which are considered the “backbone” of Pakistan’s economy. The bulk of the country’s textile exports are to China. BUSINESS RECORDER
- With an annual growth rate of 19%, India expects to be self-sufficient in silk production by 2020, according to the Central Silk Board (CSB). Currently, India produces 28,000-30,000 MTs (metric tonne), but the aim is to produce around 34,000 MTs to make the country self-sufficient and stop imports from China. China produces 80% of global silk output, while India share is 13%. Production in other countries accounts for the remaining 7%. THE ECONOMIC TIMES
just-style has not checked these stories so cannot guarantee their accuracy.
