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MARKET WATCH 11 APRIL, 2018

NATIONAL

INTERNATIONAL

Textile mills plan job fair in Tripura

Textile mills in south India, which are facing a high rate of attrition, plan to conduct a job fair at Agartala on April 25-26 to recruit workers directly. About 2,500 textile mills in the south employ close to 7 lakh workers, of which more than 60% are migrants. Southern India Mills’ Association chairman P. Nataraj said the association recently conducted a study on the challenges mills faced in employing these workers. A migrant worker stays at a unit for just 7-9 months and leaves. This affects almost 30% of the production, he said. These is no process to verify the profile of the workers and the mills are unable to find out if a worker who goes home will return to work or not. The migrants need to be trained not only in work but also in workplace systems. Hence, it was decided to conduct job melas (fairs) in different States where the mills can recruit directly, he said. The association had written to various States and the Tripura Government responded immediately. Seven textile mills would take part in the fair with an aim to recruit about 4,000 workers. “This is on a trial basis and the candidates can join work immediately. There are several schemes of the Central government under which the mills will train the workers for three months and then induct them as operators,” Mr. Nataraj said. The State government has extended support for the initiative. It will identify eligible candidates village-wise and verify their details. Just a group of villages are taking part in the job mela initially.

Source: The Hindu

Schemes for promoting self; employment in textiles

NEW DELHI - Textiles Ministry is; implementing various schemes; for self-employment in; handloom; handicraft and power; loom sectors. Under these; schemes; MUDRA loans; raw; materials; looms and accessories; are being provided to weavers; and craftsmen among other; things to encourage selfemployment; stated by the; Minister of State of Textiles Mr.; Ajay Tamta in the Lok Sabha; here. He said; a Scheme for; Incubation in Apparel; Manufacturing (SIAM) was; launched on pilot basis in; January 2014 under which; infrastructure in the form of an; integrated workspace is provided; to the new entrepreneurs along; with training support.; The Minister informed the; House that three Incubation; Centers have been sanctioned; under the scheme. They are; Spinning Mills Federation Ltd; (SPINFED) in Bhubaneswar; Odisha; Haryana State Industrial; and Infrastructure Development; Corporation (HSIIDC) in Panipat; and Industrial Infrastructure; Development Corporation (IIDC); in Gwalior; Madhya Pradesh.

Source: Tecoya Trend

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Government may take controlling stake in GSTN, even 100 pct

Convinced that goods and services tax (GST) data should be under government control, the GST Council will take up a proposal to increase the Centre’s and state governments’ shareholding in the firm to ensure the controlling stake of GST Network (GSTN) is vested with the government, officials said. The quantum of stake to be increase is still being decided but an official said the council could approve that the government take over the entire company and hold 100% stake in it. The 27th GST Council meeting is yet to be scheduled. Currently, the Centre and state governments each hold 24.5% stake in the company. The remaining 51% is held by HDFC, HDFC Bank, ICICI Bank, NSE Strategic Investment Co and LIC Housing Finance. GSTN acts as the IT backbone for the new indirect tax regime. It is also a repository of sensitive information of over 1 crore taxpayers. “At the time of set-up, it was felt that GSTN needed to have the flexibility and freedom of a private company but concerns related to sanctity of data with a private company are being addressed now,” a finance minister official said. One of the prominent voices against private ownership of GSTN has been Subramanian Swamy, a Rajya Sabha MP from the Bharatiya Janata Party. GSTN’s authorised capital is `10 crore and it is currently headed by Ajay Bhushan Pandey, who is also the chairman of Unique Identity Authority of India (UIDAI).

Source: Financial Express

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China’s tariff cut plans may help India: Analysts

The jury may still be out on whether China can pacify the Trump administration with its plans to cut tariff on cars and open up the financial sector, but any easing in the trade war raises the prospects of global trade growth, which would ultimately benefit India, trade analysts said on Tuesday. Although much of Tuesday’s announcement by China is actually a reiteration of the past, and given that the proof of the pudding is in the eating, analysts said any move to offer better access in pharmaceuticals, agriculture, marine items and information technology would help India, which has been able to supply mostly raw inputs to the giant neighbour. China’s plan to better protect intellectual property rights could encourage Indian pharma companies to set up shop there. However, a clearer picture on gains to India will emerge only when China announces details of its plans, said the analysts. Also, China’s effective employment of non-tariff barriers to discourage supplies of certain products from India and others while successfully avoiding WTO scrutiny remains a challenge. EEPC India chairman Ravi Sehgal said: “Our stakes are quite high in the unfolding global trade tensions between the US and China. We would not like to be caught in the cross-fire.” He said India’s engineering exports to the US, its biggest market, went up 47% to $9.21 billion between April and February of 2017-18 from a year earlier. Though smaller in value, engineering goods shipments to China witnessed an impressive expansion to $2.8 billion during the April-February period from $1.62 billion a year before. Ajay Sahai, director-general at FIEO, called for widening Indian production basket of value-added products to better capture the Chinese market. Amid rising tension with the US, Chinese President Xi Jinping on Tuesday promised to open the country’s economy further and lower import tariffs to strike a conciliatory approach. China would also enhance the limit of foreign ownership in its automobile sector, which is of crucial interest to the US, and push for opening up the financial sector. In a report, economist at Nomura said: “President Xi’s speech appears to have struck a relatively positive tone and opens the door to potential negotiations with the US in our view. The focus now shifts to the possible US response.” “But of course actions speak louder than words.” Before the trade war, the WTO’s quarterly outlook indicator had showed in February that global trade in goods will continue growing above trend during the second quarter. “The recovery of 2017 seems to be extending into the first quarter of 2018 at least, based on things like strong export orders, strong air freight and container shipping and other indicators. So it seems like there hasn’t been any slackening of momentum.” The WTO forecast overall growth in world goods trade will most likely be around 3.2%, compared to an estimated 3.6% in 2017. Late last month, in a meeting of trade ministers of India and China and other officials, both the countries agreed to re-negotiate a bilateral investment agreement, apart from working on a road map to reduce the massive trade imbalance in favour of the world’s second-largest economy. China has also pledged to look into the sticky issue of greater market access to Indian farm products and agreed to resolve any issue that hurts the prospect of Indian pharmaceutical exports to that country. Official data show China’s exports to India were 1.8 times of India’s outbound shipments to that country in 2000-01. But at $63.2 billion, what China exported to India in the first ten months of the current fiscal was more than six times of what India shipped out to China. Consequently, India’s goods trade deficit rose from less than $1 billion in 2000-01 to around $53 billion in just 11 months of the last fiscal.

Source: Financial Express

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India's Punjab, Haryana states unable to reap GI benefits

India’s Punjab and Haryana states are unable to reap the benefits of geographical indication (GI) tags due to low awareness, according to a top Indian official. Only one product type, Punjab’s traditional embroidery phulkari, made in Punjab and Haryana, carries the GI tag. In agriculture category, basmati from both the states carries the GI tag. Products that meet the eligibility criteria for the GI tag include Panipat furnishing, Punjabi ‘jutti’ (shoe variety), Patiala ‘salwar’ according to TK Rout, deputy director, market research, textile committee, central ministry of textiles. Rout expressed this at a recent one-day capacity-building workshop in Chandigarh organised by the textiles ministry with the theme ‘IPR Protection through Geographical Indication (GI), Act and Post GI initiatives’. The workshop trained agencies of the central government dealing with handloom and handicrafts and similar state departments on GI. At present, 301 products in India have been registered under the GI Act, 1999, out of which 151 belong to textiles and handicrafts.  

Source: Fibre2fashion

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Petrol price rise: India raises Asia premium issue with Opec

New Delhi: With domestic petrol rates hitting a 4-year peak and diesel at an all-time high, India on Tuesday again raised with oil cartel Organization of the Petroleum Exporting Countries (Opec) the issue of premium its member nations charge from their Asian buyers. Reiterating New Delhi’s decade-old demand, oil minister Dharmendra Pradhan raised the Asian premium issue with visiting Opec secretary general Mohammad Sanusi Barkindo in New Delhi on Tuesday. “Deliberated upon issues of output cuts by #OPEC resulting in high volatility and increased oil prices and it’s effect it has on a price sensitive country like India,” the petroleum ministry tweeted about the meeting. Pradhan’s predecessors, particularly Mani Shankar Aiyar, had in past vociferously raised the issue of Opec members charging the so-called premium from Asian buyers but the cartel says no premium is charged. “Both of them had substantive discussions on the issue of Asian premium and responsible pricing. Min. @dpradhanbjp stressed on an ‘Asian Dividend’ rather than premiums for a reliable and continued consumer like India,” the ministry said in another tweet. India sources about 86% of crude oil, 75% of natural gas and 95% of LPG from Opec member countries. With India being over 80% dependent on imports to meet its oil needs, a recent firming of international rates has sent domestic fuel rates higher. Petrol prices have hit a four-year high while diesel rates have touched an all-time high in the national capital. Petrol in the national capital now costs Rs73.98 a litre, the highest since 14 September 2014, when rates had hit Rs76.06.  Diesel price at Rs64.96 is the highest ever. India has the highest retail prices of petrol and diesel among South Asian nations as taxes account for half of the pump rates. The government raised excise duty nine times between November 2014 and January 2016 to shore up finances as global oil prices fell, but then cut the tax just once in October last year by Rs2 a litre. In all, excise duty on petrol was raised by Rs11.77 per litre between November 2014 and January 2016 and that on diesel by Rs13.47 a litre, helping government’s excise mop up more than double to Rs2,42,000 crore in 2016-17 from Rs99,000 crore in 2014-15. Subsequent to the October 2017 excise duty reduction, the centre had asked states to also lower VAT but just four of them—Maharashtra, Gujarat, Madhya Pradesh and Himachal Pradesh—reduced rates while others including BJP-ruled ones ignored the call.

Source: Financial Express

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More air connectivity, imparting job skills among proposals to develop N-E States

Providing air connectivity between various State capitals of the North-Eastern States, inclusion of Bangladesh in India’s ‘Act East’ policy, imparting education and job skills to English-speaking youth and bringing about wholesome economic development of the region were some of the major proposals put forward by the first-ever meeting of NITI NE Forum held here on Tuesday. The meeting, attended by Central Minister for the region Jitendra Singh, NITI Aayog Vice-Chairman Rajiv Kumar, and three Chief Ministers from the North-East, among others, also decided to recommend several high priority missions for horticulture, food processing, bamboo utilisation and tourism for the economic growth of the region. In addition to the Chief Ministers of Tripura, Meghalaya and Nagaland, Ministers from several other States in the region attended the meeting.The forum, set up at the instance of Prime Minister Narendra Modi in February, has been given the task of identifying constraints that hamper socio-economic development of India’s most neglected region and streamlining resources available for its growth. Set up under the policy think-tank NITI Aayog, the forum would work closely with the Ministry of Development of North Eastern Region and the North Eastern Council and have senior bureaucrats from the States and the Centre, policy makers, and other experts as members. Echoing the Prime Minister Modi’s campaign slogan during the recent Tripura elections, Kumar said there is need to build highways, i-ways, roadways and airways (HIRA) for the development of the region. Similarly, if education and skill development opportunities are not provided to the young population, it may hamper the development of the region, he said.  The NITI Aayog Vice-Chairman also stressed upon the need for providing air connectivity between the different State capitals in the region when the next phase of regional connectivity scheme, UDAAN-3, is planned. The Minister for DoNER, Jitendra Singh, said the current NDA government has been doing a lot for the development of the region like none others in the past. According to Kumar, one of the easy things that can be done to promote the North-East in other parts of India is to set up showrooms of products from the North-Eastern region in districts. “In India, there are about 700 districts. Even if we can open such showrooms in at least half of them, that would be great,” he said. According to him, the idea should be to have one showroom which would display and sell products all eight States in the region. Addressing the forum, Tripura Chief Minister Biplab Kumar Deb said there is a need to accelerate several infrastructural projects which have already been initiated. The projects include Trans-Asian Railways, connecting many South-East Asian countries, Asian Highway connecting Bhutan to India-Bangladesh border and developing ground infrastructure such as cold storage and night landing. There is a need to improve the cargo handling capacity at the airports in the region to boost food processing in the States, he said. Another suggestion that emerged at the meeting was the need for including Bangladesh in India's ‘Act East’ policy as it opens the sea route not just for the North-Eastern States, but also the landlocked countries in the neighbourhood.

Source : Business Line

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Cotton output pegged at 360 lakh bales

The Cotton Association of India on Tuesday revised estimates of cotton production for the ongoing 2017-18 season at 360 lakh bales of 170 kg each, 2 lakh lower than its previous estimate of 362 lakh bales made in March. The decline was due to lower production of one lakh bales each in the states of Maharashtra and Karnataka in the current cotton season (October 2017-September 2018), according to a statement issued. The projected balance sheet drawn by the CAI has estimated total cotton supply for the season at 410 lakh bales of 170 kgs each, which includes the opening stock of 30 lakh bales at the beginning of the season and the imports which the CAI has retained at 20 lakh bales as in the previous month. The association has estimated domestic consumption at 324 lakh bales, while the exports for the season are estimated at 65 lakh bales, which is higher by 5 lakh bales than the its estimate of the previous month as the country is now witnessing a good export demand. The carry-over stock at the end of 2017-18 season is estimated by the association at 21 lakh bales, which is lower by one lakh bales of 170 kgs each than its earlier estimate made last month. The cotton arrivals up to March 31 is estimated at 287 lakh bales as per the data received by the CAI from upcountry associations and various other trade sources.

Source: Financial Chronicle

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India's Arvind launches ready-to-wear private label for men

Courtesy: Arvind Store India textile and retail conglomerate Arvind Ltd recently launched its ready-to-wear private label for men and announced its retail expansion plans of adding 60 stores this fiscal. The group plans to retail the 'Arvind Ready to Wear' collection in 127 cities, at its exclusive stores and online on Amazon India and nnnow.com, said a top company official. Its retail stores will have a mix of 80 per cent of sales in fabrics, and the collaborative brands, while the rest is expected to come from its private label, J Suresh, managing director and chief executive officer of Arvind Lifestyle Brands, told a news agency. Arvind, which produces about 50 million garments in a year and has 150 stores at present, is planning to add 100 stores annually over the next three years, said Suresh, adding that the company looks forward to increase revenues from the textile business to Rs 1,000 crore in two years. (DS)

Source: Fibre2fashon

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China’s MMF output grew 5% in 2017

The production of man-made fibre (MMF) in China increased by 5 per cent year-on-year to 49.20 million tons last year, according to data from the China Chemical Fibers Association (CCFA). Of this, polyester production was 39.34 million tons. MMF output is likely to grow at the same pace of 5 per cent this year and is expected to cross 50 million tons. Among various MMF, acrylic production was down 1 per cent last year. However, production of polypropylene increased by 16.2 per cent, nylon 8.8 per cent, spandex 8 per cent, rayon filament 7.5 per cent, rayon staple fibre 3.7 per cent and acetate 2.6 per cent, CCFA data showed. In terms of average price during the year, purified terephthalic acid (PTA) rose 12 per cent over 2016 to 5,173 yuan/ton. Likewise, the price of ethylene glycol (EG) shot up by 31 per cent to 7,087 yuan/ton. The average price of fibre and yarn of 167 decitex/48 FDY increased 15 per cent to 8,736 yuan/ton.  As a result of growth in both production and average price, the total pretax profit of MMF producers increased 38 per cent to 44.5 billion yuan, accounting for 51 per cent of total profit of fibre and textile manufacturing in China during the year. Another reason for increase in earnings was capital investment of 133 billion yuan made by MMF industry in fixed assets. MMF exports too grew by 3 per cent during the year to 4.04 million tons.

Source: Fibre2fashion

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Pakistan's economy set to surpass last year's growth: SBP

With continued strong performances by agriculture and services sectors, and a four-year record high large-scale manufacturing growth during the first half of FY18, Pakistan’s economy is set to surpass last year’s growth rate, the State Bank of Pakistan (SBP) has said in its second quarterly report for FY18 on the ‘State of Pakistan’s Economy’. Inflation and the fiscal deficit were both contained during July-December 2017, whereas revenue growth has outpaced last year’s level, the central bank report said. The report pointed out that increased consumer spending has led to a strong growth in durables such as automobile and electronics, while the ongoing infrastructure and construction activities have stimulated the allied sectors of cement and steel. “Encouragingly, various industrial players across different sectors are investing in capacity expansions and product diversification. The private sector also continued its borrowing from scheduled banks for long-term projects. On the agriculture front, while all major kharif crops performed well, wheat production came under pressure due to lower area under cultivation,” SBP said. Meanwhile, core inflation remained higher on average in H1 FY18 due to continuously rising education and healthcare costs. However, its pace has stabilised in recent months. The report highlighted that the growth in revenue collection outpaced the increase in expenditures in H1 FY18, which led to a broad-based improvement in fiscal indicators. The overall fiscal deficit was contained at 2.2 per cent of GDP, down from last year’s 2.5 per cent. Revenue growth gained impetus from greater real economic activity, rising imports (both quantum and prices), and higher sales volumes of petroleum, oil and lubricants (POL) products. Non-tax revenues also rose over last year, led by higher SBP profit and a surge in receipts from property and enterprise, civil administration and other miscellaneous receipts. On a cautionary note, the report added that while the real sector of the economy was performing well, the external account presented challenges. The 8-month-long consecutive export growth and a rebound in workers’ remittances were welcome developments, but they were overshadowed by rising imports. Resultantly, the current account deficit increased to $7.4 billion in H1 FY18, from $4.7 billion last year. Even though financial inflows were higher this year, they were insufficient to offset the rise in the current account deficit. Consequently, SBP’s liquid reserves came under pressure, and the PKR/USD parity depreciated by 5.0 per cent in H1 FY18. Pakistan’s economy has reached a familiar juncture, where Balance of Payments challenges warrant concerted and timely measures to preserve the macroeconomic stability and growth momentum. If the external challenges are addressed, other fundamentals are strong enough to put it on a sustainably high growth path, the report concluded.

Source: Fibre2fashion

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Sweden's TMAS to help Vietnam turn top global textile hub

The Textile Machinery Association of Sweden (TMAS) is now firmly established in Vietnam to help turn the country into a leading textile and garments manufacturer globally by assisting through advanced production technology, innovative solutions and equipment. TMAS member companies see a tremendous potential to add value to an important local industry. Vietnam now has over 6,000 textile and garment manufacturing companies with about 2.5 million employees, making Vietnam the third top garment exporter in the world. TMAS will be present at SaigonTex 2018, to be organised between 11 and 14 April in Ho Chi Minh City, according to a TMAS press release.TMAS has established an office in Ho Chi Minh City and provides customers with highly innovative products, including machineries, equipment and solutions to support customers in their production processes. TMAS president Mikael Äremann visited Vietnam in early 2018. According to Tran Phuoc Thanh, business development representative for TMAS in Vietnam, the country’s textile industry will continue to grow as it shifts over to new technologies and automation resulting in high end fashion and top-quality garments. TMAS’ nine member companies are ACG Nyström AB, Baldwin Jimek AB, Eltex of Sweden AB, ES Automatex Solution AB, Eton Systems AB, IRO AB, ACG Kinna Automatic AB, Svegea of Sweden AB and Texo AB (DS)

Source: Fibre2fashion

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Bangladesh : Yarn production to rise 2.67pc: USDA

Yarn production is set to expand 2.67 percent to 7.70 lakh tonnes this fiscal year on the back of rising garment exports, according to a report from the United States Department of Agriculture. But the Bangladesh Textile Mills Association says the amount of yarn produced in the country is much higher at 13.50 lakh tonnes a year. “In our estimate, yarn production in Bangladesh is much higher as cotton import has been on the rise over the last several years thanks to higher demand from garment manufacturers,” its Secretary Monsoor Ahmed said. The total demand for yarn is more than 21 lakh tonnes. Of the amount, nearly 30 percent is imported, mainly from India, China, Vietnam and Pakistan. Cotton import in Bangladesh has been increasing between 20 and 25 percent over the last few years, he said. Last fiscal year, Bangladesh imported nearly 70 lakh bales [480 pounds make a bale], Ahmed said, adding that the quantity will increase 25 percent this year. Bangladesh's 430 spinners can supply nearly 90 percent of the demand for yarn from the knitwear sector and 35 percent from the woven sector. As a result, Bangladeshi woven garment manufacturers import fabrics worth more than $6 billion from countries like China, India, Vietnam and Pakistan. Raw cotton consumption is projected to increase to 6.7 million bales in fiscal 2017-18 on stronger sales of garment and other value-added products in domestic and foreign markets as well, said the USDA report published in November last year. In fiscal 2016-17, raw cotton consumption was 6.3 million bales, the report said. The USDA report said, in fiscal 2017-18 yarn and fabric consumption is expected to rise to 1.13 million tonnes and 7.4 billion metres on strong international demand for clothing due to population growth, urbanisation and disposable income growth. Demand for quality cloth has also increased in domestic markets as wages and living standards are on the rise. The retail market size of clothing in Bangladesh is nearly $8 billion a year, according to industry insiders. Gradual development of the upstream supply chain, including spinning, dyeing, finishing, weaving and printing, creates more demand for cotton to meet required supply to the garment industry, the USDA report said. Siddiqur Rahman, president of the Bangladesh Garment Manufacturers and Exporters Association, said: “It's normal. Our exports are rising. Since the government is giving LNG supply, so many more factories will come into operation and the yarn production will also grow.” Fazlul Hoque, managing director of Plummy Fashions Ltd, a Narayanganj-based green garment factory, said both yarn production and consumption will continue to grow as the country's garment export has been rising every year. Yarn consumption at his factory has been growing at more than 10 percent year-on-year as his knitwear export is also increasing. Still, there is a gap of 10-15 percent in supply and demand of yarn in the local knitwear sector, Hoque said. So, there is scope for further production in the country. Moreover, there are a lot of varieties of yarn, which are mainly imported now to meet the local demand, he added. A Matin Chowdhury, managing director of Malek Spinning Mills Ltd, a leading yarn producer, said yarn consumption in the local markets also increased due to higher consumption of clothing items by the people in the country. Moreover, some spinning mills have of late gone into operations as the government has offered them gas connections, Chowdhury said. Garment makers use more local yarn mainly to reduce the longer lead-time, he said, adding that this is one of the major causes for higher consumption of yarn in Bangladesh.

Source: The Daily Star

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Zimbabwe : Minister urges banks to assist cotton farmers

Financial institutions should come up with tailor-made financing models for cotton farmers to wean them from relying solely on Government, Mashonaland West Minister of State for Provincial Affairs Webster Shamu has said. He urged cotton marketing companies and contractors to consider paying additional bonuses to farmers since they were significantly benefiting from the crop. Speaking at a recent Zimbabwe Agricultural Show Society cotton prize giving ceremony in Matoranjera, Makonde, Minister Shamu said cotton companies were getting more out of the “white gold” than farmers. Cotton, he said, helped companies along the value chain to produce key products such as cattle feed, cooking oil and yarn after ginning. “Is there no back pay for the farmers after getting more money from the value addition process?” said Minister Shamu. Government is heavily investing in the sector to jump-start job-intensive downstream industries such as fabric and garment manufacturers, including the clothing industry. The targeted schemes have naturally resulted in the growth of cotton farmers to 400 000 in the 2017 /2018 season from 155 000 a year earlier. Farmers, Minister Shamu said, should be progressively weaned from reliance on Government through favourable facilities from banks. “We should be moving to a stage where our farmers get loans at reasonable interest rates so that they do not always look up to Government or programmes such as Command Agriculture to do farming,” he said. “They should have money that they control themselves.” In an interview, Zimbabwe Cotton Growers and Marketers Association chairperson Mr Stewart Mubonderi said although the Cotton Company of Zimbabwe (Cottco) adjusted their payments, they still remained uncomfortably low. “Cottco offered adjustments, but they were low because of the low-grade crop which fetched less on the international market,” Mr Mubonderi said. “So, we are saying to our farmers that they should work hard to ensure that they produce the best quality crop which fetches more on the international market.” Mr Mubonderi said farmers should be careful throughout the production stages to avoid compromising the quality of the crop, which has a direct bearing on prices. Addressing the same gathering, ZAS chief executive Dr Anxious Masuku urged farmers to take advantage of agriculture shows to learn more about modern farming techniques and available markets.

Source: The Herald

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CDC gives nod for 9 new textile & footwear projects

Nine projects belonging to the textile, garment and footwear industry have been given preliminary final registration certificates by the Council for the Development of Cambodia (CDC) in the first three months of this year. In addition, CDC has also issued preliminary final registration certificates to two projects related to manufacturing of travel bags. The nine projects in the textile, apparel and footwear sector are Advance Team (Cambodia), Grand Oriental Footwear International, Helios Garment (Cambodia), Monti Apparel, Qian Qun Huang Jia, Sisophon Hong Seng Sport wear, TH Zipper and Metal Accessory (Cambodia), Wincrown (Cambodia) Industrial, and VCOFF Apparel. JS Leather Collection Phnom Penh and Nanwang Travel Goods are the two projects involving travel bags, Cambodian media reports said. These projects are among the 35 projects that bagged CDC registration certificate during the first quarter of 2018. The total investment of these projects would be around $444 million and are expected to create more than 30,000 new employment opportunities.

Source: Fibre2fashion

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Apparel Textile Sourcing Miami

An expansion of the Apparel Textile Sourcing Trade Show hosted in Canada under Apparel Textile Sourcing Canada (ATS-C), the Miami based show is the global gateway to the world of apparel and textiles, welcoming manufacturers, service providers and government associations from over 15 regions with top brands, retailers, designers and sourcing professional from China, Bangladesh, India, Pakistan, Mexico, El Salvador, Honduras, Peru, the US, the City of Miami and more.The show is a dynamic industry event and business platform bringing together a range of categories, ranging from apparel, fabric, trims, textiles, house wares and accessory suppliers to the heart of Miami’s Wynwood District and the Mana Wynwood Convention Center. As the apparel and textiles industry undergoes rapid changes in sourcing trends, technology, political instability and disruption at every corner, ATS-M will host over 20 educational seminars, by curated industry experts. Focusing on the industry’s hot topics such as NAFTA, DR-CAFTA, AI trends in manufacturing, sustainability, sourcing, customs, logistics, influencer marketing, and blogger outreach, the event will address a range of interests throughout the three days of the show.

Source : Innovation in Textiles

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