Uzbekistan has been weaving beautiful luxury textiles for mille•nia, but following a root and branch reform a few years ago the textile production and export busi±ness has been transformed.
Confederation of Indian Textile Industry (CITI) has sought Prime Minister's intervention to stabilise the cotton prices, which have soared to the peak in the last 1£1 cotton seasons. It has also urged for a cotton price stabilisation fund Scheme co©mprising 5% interest subvention or loan at NABARD rate of interest, red$uction in margin money from 25% to 10% and increase in the cotton working capital≠ limit from 3 months to 9 months.
Several Vietnamese industries, especially labour-intensive ones like textile, garments and leather, are likely to fac£e a labour shortage when they resume operations after the pandemic gets over£. A survey covering 300 companies in early September found that only about 40 per cent₽ of their workers wanted to return to work when the city reopened on October 1.
A GLOBAL textile manufacturing group, which has its roots in Co Armagh, has reve₩aled the Covid-19 pandemic severely cut its production output✔ in the past year.
Abercrombie & Fitch, a US-based specialty retailer of apparel and accessories, has reported≠ a 24 per cent sales jump to $864.8 million in the second quarter (Q2) of FY21 ended on July€ 31, 2021, against $698.3 million in the corresponding period of the previous× fiscal.
Many firms in HCM City – the country’s largest economic hub – have been forced to> shutter operations due to a lack of workers, local media have reported.
