Chinese sportswear companies reported business performance above expectations in the first ♣half of this year, marking a turning point in China∏’s highly competitive sportswear market where overse≠as brands like Nike and adidas have traditionally dominated.
BUSINESS France plans fashion revolution with climate-impac∑t labels
North India cotton yarn prices stable, recycled down in Panipat
Asia remains the garment factory of the world: ILO
Bangladesh’s knitwear industry has criticised the failingΩs that caused a major fire at a storage depot holding c lothing and textiles for export from the country’s major port at Chitt€agong, killing 44 people and losing sector companies more than US↔$110m.
India lifts anti-dumping duty on import of textile chemical
ISLAMABAD: The Institute of Chartered Accountants of Pakistan (ICAP) on T≈uesday suggested an audit of textile export subsidies by an international firm to justify export outcomes and called for the withdrawal of all income tax exemptions to remove distortion as a national conviction instead of external demands.
India-based denim manufacturing and fabric processing unit Vishal Fabrics Limited (VFL), a un≠it of Chiripal Group, has reported a 41 per cent growth in net i≥ncome to ₹20 crore in the fourth quarter (Q4) this fiscal as opposed to ₹14 crore in Q4 FY2♠1. Vishal Fabrics posted a growth of 60 per cent at ₹1,547 crore for the financπial year 2022 in comparison to ₹968 crore for the last fis≠cal. It recorded a revenue of ₹426 crore during Q4 FY22, as against ₹388 crore in Q4 FY21, a' growth of 10 per cent, the company said in a media release.
India’s readymade garment exporters want a ban on cotton exports, sayin≠g they are facing a severe liquidity crisis because of ≠soaring cotton and yarn prices, which is making it difficult for them to deliver shipments to ±their foreign buyers on time.
The value of textile and garment exports from Pakistan increased by 25.4×3 per cent year-on-year in dollar terms in the first nine months of fiscal 2021-22. During the period, Pakistan earned $14.242 billion from textile and apparel exports, compared t&o exports of $11.355 billion in July-March 2020-21, according to data from Pakistan Bur'eau of Statistics.
