Category: Global

Staubli marks 125 years in production

Staubli is celebrating 125 years in production, maintaining its quality and innovation. It has developed into a leading industrial partner for high-quality mechatronic solutions and technologies since its inception. Its textile activities have grown in line with its corporate targets, and Staubli has become a leading supplier to the global weaving industry. “The spirit of innovation has defined our company from the beginning – it’s rooted deeply in the nature of Staubli,” said Rolf Strebel, Staubli CEO. “It is the reason we constantly develop new solutions which add value for our customers. Other decisive factors for our long-term success...

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Bangladesh targets garment export of $30.16 bn

Bangladesh Government has set its export target at $41 bn with a growth target of 7.87per cent, riding on apparel products for the FY 2017-18 where the garments sector is to contribute $30.16 bn to the total targeted amount. The government wants to earn $30.16 bn from the RMG sector with an 8.12per cent growth. It also plans to earn $1.38 bn from leather industry, followed by jute and jute goods at $1.05 bn, and $880 mn from home-textile products. Knit garments: $15.10, Woven garments: $15.06, Leather and leather goods: $1.38, Jute and jute products: $1.05, Home textile products:...

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Indonesia see chance to collaborate in textile products in Pak

The three-member high level delegation from Indonesia including Indonesian Ambassador Iwan Suyudhie Amri during their visit at the Punjab Board of Investment and Trade (PBIT) recently was given a brief introduction of Punjab by PBIT CEO Jahanzeb Burana. Burana showed documentaries regarding investment opportunities in Punjab in various sectors and highlighted ways for exploiting the investment potential in the country. They see a possible chance to collaborate in the fields of textile and value-added products. He emphasised the increasing capacity of economic co-operation between the two countries and said that Pakistan and Indonesia should enter into joint ventures for...

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NBR announces tax cut for Bangladesh garment factories

The National Board of Revenue (NBR), the apex authority for tax administration in Bangladesh, has announced reduction of income tax rate for garment manufacturers and exporters from the existing 20 per cent to 12 per cent. The income tax rate cut is being provided for building pollution free industrialisation in Bangladesh and low carbon economy. “From the current financial year 2017-18, company and others taxpayers without company will provide maximum 12 per cent which was 20 per cent for the financial year 2016-17,” NBR said in a circular, according to a report. Taxpayers of factories with international ‘Green Building...

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Vietnam textile sector requires $22bn investment by 2025

Foreign investment is needed to address the capital shortage in the production of textile and garment materials in Vietnam. In fact, to meet the demand for clothes and ancillary materials for outsourcing enterprises by 2025, Vietnam needs some $22 bn invested in textile and dyeing, according to a report. Textile and garment is Vietnam’s third largest export sector, with turnover reaching $28 bn last year. However, the country has not been proactive in obtaining raw material. As a result, to reach its export turnover, the textile and garment sector consumed 8.9 bn sq.m. of cloth, of which domestic factories...

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