- The retail demand for clothing in Brazil is forecast to
grow by 7% per annum between 2010 and 2015. As a result,
demand will be stronger than France and Germany and on a par
with Japan by the end of this period. Brazil’s domestic market
has opened up massively to international brands in recent
years and several international retailers have set up
operations in Brazil to take advantage of its fast growing
economy. This has spurred the Brazilian textile industry to
spend US$13 billion on modernization with the aim of improving
quality and competitiveness and adding value to its products.
- Kenya’s small scale cotton farmers will be able to boost
their cotton production as the European Union (EU) plans to
invest a sum of US$ 2.457 million to boost Kenya’s cotton
production. A number of research institutions from Kenya
including Common Funds for Commodity and Kenya Agricultural
Research Institute will participate in the EU-sponsored
projects aimed at enhancing Kenya’s domestic cotton
production.
- India increased its cotton output estimate for this crop
year by 4.1% as farmers have started releasing held-over
stocks, raising the prospects of more shipments from the
world's second-largest producer and exporter, said Textile
Commissioner A.B. Joshi.The country's cotton output is likely
to be 32.5 million bales, up from an earlier estimate of 31.2
million bales.
- According to Confederation of Indian Textile Industry,
spinning mills have invested more than Rs 40,000 crore during
the last ten years in capacity building and modernisation.
This would mean that about Rs 5,000 crore per annum will have
to repay to banks. The interest payment on these loans, would
amount to another Rs 2,000 crore. Thus Rs 7,000 crore will
have to be paid by the spinning mills to banks during the
current year.
- Retail demand of textile products in Saudi Arabia is set
to grow by over 12% per annum between 2010 and 2015, making
this one of the fastest growing major markets behind China.
Significantly, several international brands, including Adidas,
Gap, Jaeger, Nike and New Look are setting up operations in
the country through distribution agreements and by opening
stores with the help of franchise partners and strategic
partners.
- According to Union government India Bt cotton is being
cultivated on 98.5 lakh hectors of land, constituting nearly
90% of the total area of 111.42 lakh hectors of land under
cotton cultivation, according to the department of Agriculture
and Cooperation.
- According to statistics, Bangladesh imported 278 million
kgs of yarn and fabric from January to June of 2011, which is
25% higher comparing with the volume of import during the same
period last year. The BTMA leaders also urged the government
to take necessary steps immediately to save the hundreds of
thousands of people, involved directly and indirectly with the
sector.
- The United Arab Emirates has shown keenness to invest in
Bangladesh’s textile industry, as part of developing trade
relations between the two countries. Bangladesh has cheaper
labour market, which makes it attractive for investors. Also,
being a least developed country, Bangladesh enjoys a facility
to export goods at zero-duty to the European Union, China, and
other developed countries. In 2009-10, the two-way trade
between UAE and Bangladesh was nearly US$ 500 million.
- Mill-use of cotton has drastically decreased in European
countries. Yarn, cloth and other textile manufacturing has
shifted to Eastern countries specially China, India.
Pakistan, Bangladesh, Indonesia, Vietnam and Sri Lanka where
labour cost is lower and first three countries have their own
cotton crops. Although, domestic cotton consumption has
reduced from 11.39 million bales (1997-98) to 3.3 million
bales (2010-11) but US is maintaining its production level
between 15.0 and 18.0 million bales and would maintain it till
2019-20 season.
- India has been losing out to Bangladesh in apparel exports
since 2009. Today, Bangladesh apparel exports are growing at
16% while India’s apparel exports in 2010-11 grew by 4% only.
Premal Udani, Chairman, AEPC said apparel industry feels that
the there is no level playing field between the Indian and
Bangladesh industry with regard to taxes, fiscal incentives
for the sector, priority status, labour laws and wage rate,
failing which India is losing out to Bangladesh and
manufacturing is moving to Bangladesh.
- Guatemala, whose apparel and textile production is the
third largest in the region, saw only a 6.5% increase in
exports, which totalled $1.2 billion. The majority of
Guatemala’s apparel exports are T-shirts destined for
retailers such as Kohl’s, Target and Walmart.
- The Agriculture Ministry of Mexico has announced that it
plans to significantly increase the area under cotton to
300,000 hectares by 2016 from the currently estimated 175,000
hectares, i.e. by 71%. The Ministry forecasted that the
country’s cotton output will rise from the current 0.62
million bales to 2.4 million bales during the next five years.
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