The following is a round-up of apparel and footwear news from the world’s local media.
- The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has urged the government to immediately return local taxes and levies on exports for the textile industry. It had committed to release all payments by 31 August but some cases remain. The PRGMEA also called for immediate measures to arrest the decrease in textile exports, which declined by $1bn in the last financial year due to a substantial drop in cotton production. THE EXPRESS TRIBUNE
- Bangladesh’s trade deficit shrank to its lowest in six years in the financial year that ended in June, to nearly $5.5bn, down 15% from a year earlier, due to a drop in global commodities prices and steady garment exports. Imports rose 5% in the year to $40bn, while exports increased 10% to $34bn, mostly driven by stronger garment sales, central bank data showed. REUTERS
- India’s Synthetic and Rayon Textile Export Promotion Council (SRTEPC) is working to increase direct trade of textiles from India, especially from the man-made fabric (MMF) hub in Surat, to Afghanistan. The SRTEPC and Southern Gujarat Chamber of Commerce and Industry jointly signed a memorandum of understanding (MoU) with a delegation from Afghanistan for boosting export of polyester fabrics and made-ups last week. SRTEPC vice-chairman Narain Agarwal says the council expects to triple its direct export from India to Afghanistan in the next couple of years. The current trade with Afghanistan is valued at around $165m, which includes export of fabrics worth $161m, made-ups worth $3m and polyester yarn worth $1m. TIMES OF INDIA
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The Government of Zambia will invest US$15m in re-establishing the Mulungushi textile factory, located in Kabwe, Central Zambia. The factory is expected to create more than 20,000 jobs in the next five years, boost the cotton industry in Zambia and increase its exports. It will be manufacturing various garments including military and police uniforms. Currently, the sector employs over 670 people across Zambia and the government is putting up deliberate measures to further support the growth of the sector. ZAMBIA-INVEST
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The Tanzania Cotton Board (TCB) has collected Sh10m in fines from farmers who allegedly mix cotton with contaminants to increase weight. Acting TCB Western Zone manager Nr Buluma Kalindushi said the fine was collected from 30 farmers in Simiyu region between July and August 5. According to Kalindushi, dishonest cotton farmers mix cotton with heavy materials like sand. ALL AFRICA
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India’s government is to release a Rs 400 crore power subsidy to the country’s spinning mills for the last five years. The Cabinet is likely to give its nod in its next meeting. The AP Spinning Mills Association requested the government release the amount towards power bills dues. However, the government rejected their plea. THE HANS INDIA
just-style has not checked these stories so cannot guarantee their accuracy.
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