Category: Global

PHMA demands relaxation in import policy to push industry

Pakistan Hosiery Manufacturers and Exporters Association (PHMA) Chairman Dr. Khurram Anwar Khawaja appreciating the move to withdraw duties and taxes on the import of cotton to encourage the value-addition has also demanded the same relaxation for the import of cotton yarn, which is a raw material for value-added knitwear sector. Dr. Khurram said that Prime Minister’s package for exporters was announced on January 10, 2017, wherein textile apparel sector was to be provided a number of facilitations, including withdrawal of customs duty and sales tax on the import of cotton yarn from January 16, 2017, but no such measure...

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Vietnam textile production fails to meet garment requirements

Vietnam textile industry is still facing many problems in textile production, as fabric determines the cost and quality of finished garment products hence textiles still cannot meet garment requirements, said Vu Huy Dong, General Director of Damsan JSC. Vietnam has to import 65-70 per cent of fabric every year, it exports two-thirds of yarn output. This means that Vietnam has yarn in excess but not enough fabric. In 2016, Vietnam’s fabric imports increased by 3.2 per cent compared with 2015, though garment export value decreased by $23.84 bn, of which fabric export turnover accounted for 43.9 per cent, down...

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APTMA urge govt. to announce policy for revival of textile industry

The Pakistan Prime Minister in his meeting with all the textile industry stakeholders in September had very wisely desired the Textile Ministry and the textile industry to come up with a long-term policy for the revival and growth of the textile industry. All Pakistan Textile Mills Association (APTMA) has urged the government to announce and lay down the implementation mechanism for the agreed long-term policy. APTMA Chairman Aamir Fayyaz stressed that an early announcement of the policy will help reverse trade account deficit and thereby contribute to the country’s progress and prosperity. Fayyaz said that the policy has been...

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Bangladesh opens first-ever garment factory for prisoners

Bangladesh Home Minister Asaduzzaman Khan recently inaugurated the country’s first-ever garment factory to facilitate income of prisoners at the Narayanganj District jail. The Bangladesh Knitwear Manufacturers and Exporters Association trained around 400 prisoners to run the factory in two shifts. Their earnings will be credited to their respective accounts. The prisoners can either send the money to their families or withdraw the amount after their prison term gets over, according to jail superintendent Subhas Kumar Ghosh. Built on a 5,000-sqr.ft area with the help of the district administration and the department of social services, 57 imported machines were installed...

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Industry 4.0 adversely affecting Vietnamese garment firms

Several garment and textile companies in Vietnam have either closed units or have been facing such possibilities since mid-2017 due to firms investing in automated production lines, robots and new technologies. Such modernisation requires much lesser number of workers and workers who can handle the modern equipment, leaving many traditional workers jobless. Fenix Knitting Vietnam has announced closure of its plant to declare bankruptcy, rendering 220 workers jobless. It has to pay arrears and social insurances to workers. While Shing Viet Company is planning to end contracts with 400 workers at Factory No.2 in Truong Tho ward, Thu Duc...

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