The following is a round-up of apparel and footwear news from the world’s local media.
- Shun Da Cashmere, an integrated Chinese company specialising in the manufacture of fine-combed and other cashmere wool products, has asked for government support in setting up a joint-venture plant for animal skin and fibre processing in Pakistan. “Our company is interested in installing a plant so that processed/refined leather and goat hair may be exported to China,” Reng Shu Hui, a company representative, told the Trade Development Authority of Pakistan (TDAP). THE NEWS (PAKISTAN)
-
Uncertainty over the prices of imported liquefied natural gas (LNG) and the ongoing gas shortage in the industrial sector have severely jeopardised investments in Bangladesh’s primary textile industry. The government has halted new gas connections indefinitely and is preventing factories from setting up generators to produce captive power to ensure electricity supply during the power cuts, according to sources. As a result, new investors are losing interest in the primary textile sector, while existing businesses are facing hardship due to the hike in prices of gas and electricity. DHAKA TRIBUNE
-
The Ethiopian Textile Industry Development Institute and the Italian Trade Agency have signed a cooperation agreement to enhance the profile of Ethiopia’s textile industry. The agreement includes an EUR20,000 investment for technology and equipment dedicated to local training. General Director of Ethiopian Textile Industry Development Institute Seleshi Lemma said the assistance will help to improve its capability through training and technology. ETHIOPIAN NEWS AGENCY
-
Vietnam’s Ministry of Industry and Trade is drafting legal amendments to help domestic garment producers cut costs and reduce admin difficulties when it comes to exporting. According to local reports, worker wages and logistics costs have been rising putting local garment exporters under pressure, particularly from regional rivals such as Bangladesh, Myanmar and Cambodia. The Ministry is concerned the export target may not be achieved due to lack of big orders for the remaining months. THE VOICE OF VIETNAM
-
Apparel manufacturers in Dhaka have urged the government to ensure stable prices of power and gas to help boost their businesses along with long-term policy support to remain competitive in the global market. At a roundtable organised by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) this week, participants discussed the readymade garments sector (RMG) with some calling for “efficient functioning” of all of the country’s ports. DHAKA TRIBUNE
-
Uzbekistan is planning to expand trade with Russia to US$10bn within the next two years, according to Uzbek Minister of Foreign Trade, Elner Ganiyev. He told an Uzbek-Russian business forum that fruits and vegetables, textiles and ready-made textile products, car, oil and oil products, rolled steel, ferrous metallurgy products, chemicals and petrochemicals are the driving force of mutual trade. TASS
GlobalData Strategic IntelligenceUS Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
just-style has not checked these stories so cannot guarantee their accuracy.