TEXTILE BRIEFS

1Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood has welcomed the planned investment of US$ 5 billion in the textile sector of Pakistan aimed at establishing 100 new units.

2In H2 FY2021, Pakistan’s monthly average clothing exports are anticipated to rise 13.44 percent to $ 641.60 million, up from $565.60 million in H1 FY 2021. Pakistan’s textile and apparel exports are anticipated to rise 9.12% from US$1237.55 million in the first half of fiscal year 2021 to US$ 1350.40 million in the second half of fiscal year 2021.

3Pakistan plans to establish cotton cluster villages, as Cotton has helped Pakistan economy and provided work opportunities for millions of people. According to Federal Minister one million bales contributed approximately Rs. 97.5 billion in revenue, and that the government had set a target of 10 million bales for the current season.

4Pak-China cottonrelated cooperation is in full swing. As they both are mixing the advantages of their cotton to create new cotton varieties.

5Ambassador of Italy to Pakistan Andreas Ferrarese has said that Italy can share its expertise in the fashion industry with Pakistan to help meet international standards. He said the Italian fashion, textile, and accessories sector is also popular worldwide.

6Pakistan’s textile and clothing exports posted impressive growth in the first quarter of this year, increasing by 27.41 per cent to $4.42 billion compared to US$ 3.46bn over the year, data released by the Pakistan Bureau of Statistics (PBS) showed recently.

7According to PCGA, cotton arrivals were recorded at 2.68 million bales, higher by 1.65 million bales against last year’s 1.035 million bales. Cotton buying in local market increased 159 percent by mid-September, raising hopes of a harvest of around 9.0 million bales this season.

8ABPUMA appealed to the government to permit cotton import and yarn from India, Uzbekistan and Turkey through land routes in wake of raw material shortage.

Textile Briefs International

1Summer exports from Bangladesh vendors are likely to climb by 20 to 30 percent when retailers throughout Europe and the United States reopen.

2Prices of textiles and garments made in China are likely to rise by 30 to 40 per cent in the coming weeks on account of planned shutdowns in industrial provinces of Jiangsu, Zhejiang and Guangdong. The shutdowns are due to the government’s effort to reduce carbon emissions and shortage of electricity production.

3According to Chairperson, Federation of Egyptian Industries’ Ready-Made Garments Chamber, Egypt’s apparel trade has greatly improved and now surpasses EGP 300 billion per year. 4VDMA has published a position paper welcoming the EU ambitions to promote climate protection, in particular the approach of combining the goals for the EU textile and clothing industry into a sector-specific strategy.

5According to preliminary statistics on India’s merchandise trade for the month, RMG exports climbed 13.99 percent to US$1.235 billion in August this year, compared to US$ 1.083 billion in August last year.

6The Indian Union government is giving tax breaks to investors who build projected giant textile parks with plug-and-play facilities covering more than 1,000 acres apiece throughout India. 7More than a hundred Italian companies, of whom about eighty are machinery manufacturers, exhibited at INDEX, the reference trade fair for the nonwovens sector which takes place in Geneva from October 1922 2021.

8The Sri Lankan textile sector may exceed US$ 8 billion in garment exports by 2025, with further local value addition through initiatives like as the fabric park in Eravur, Sri Lanka is well positioned to expand.

9Turkey’s ready to wear and confection shipments to foreign markets grew by a robust 27 percent to over US$11.1 billion on an annual basis from January to July this year. 10The import of textiles and apparel by the United States increased by 28.14 per cent to US$71.365 billion in the first eight months of 2021, compared to US$55.695 billion in January-August 2020. 11USDA’s National Agricultural Statistics Service (NASS) has released their October crop reports, and Becky Sommer with NASS in Washington D.C. says the U.S. cotton production estimate is up 23 percent from last year’s crop. 12Over 68 per cent of garment and footwear enterprises in Vietnam have been penalised by their foreign clients for late delivery, some with cancellation and compensation demands.