According to Bangladesh’s Board of Investment, Indian
garment firms have invested about $79 million in 35 factories
in the country. Indian garment exporters, facing rising costs
and declining sales, are moving factories to Bangladesh as
they seek to benefit from wages that are one-third of those at
home and lower taxes in Western export markets.
China launched a temporary cotton reserve in an effort to
stabilize cotton production and protect farmers' interests.
China National Cotton Reserves Corporation will buy cotton for
the temporary reserve at a price of 19,800 yuan (US $3,101)
per tonne this year. The move aims to stabilize expectations
of cotton production, sales and consumer enterprises, and
prevent production volatility due to big price fluctuations.
Indian technical textiles industry is projected to grow
from current estimated Rs. 570 billion ($12.67 billion) in
2010-11 to Rs. 1.4 trillion by 2016-17 according to Nonwoven
Report for Spunbond Nonwoven Fabric Manufacturing in India.
The developing economies like India, China, Brazil, Russia and
some other Asian & African Countries shows great promise in
coming years for technical textiles and Nonwoven Textiles
industries. As these economies, investing heavily in
infrastructure, healthcare, and also government policies for
these countries encourages SMEs to invest more in this sector.
According to a report by Textile Exchange (formerly
Organic Exchange), neither the recession nor unstable
economies put a damper on the fast-growing organic textiles
industry which grew 20% to an estimated $5.61 billion in 2010.
Several brands and retailers more than doubled their usage of
organic cotton alone and plan to do so in 2012 as well. As a
result, Textile Exchange projects the global organic cotton
market will increase another 20% in 2011 to result in an
estimated $6.2 billion market in 2011 and $7.4 billion market
in 2012.
Bangladeshi garment makers welcomed the zero-tariff
benefits that India extended to 46 Bangladeshi clothing items,
saying exports would rise if there were no non-tariff
barriers. David Hasanat, Chairman of leading clothes maker
Viyellatex Group, said the duty-free benefit will help boost
garment exports to India, a market with a population of more
than 100 crore and a growing middle class.
Brazilian government issued several new regulations aimed
at reducing illegal and irregular imports of textiles and
apparel. Brazilian customs authorities have also recently
enacted other regulations that will allow stricter monitoring
and control of textile and apparel import transactions.
Brazil's industrial protective clothing market is expected
to reach $730.6 million by 2017. In 2010, Brazil’s market for
personal protective equipment (PPE) increased by 11% to reach
$249m. This rate of development is double Brazil's estimated
gross domestic product (GDP) for the same year (5%-6%),
according to the Brazilian Institute of Statistics.
According Cotton Outlook for 2012, fiscal 2012 cotton
exports are forecast at $6.6 billion, down $2.4 billion from
the 2011 estimate. Export volume is forecast to drop to 2.7
million tonnes due to a much smaller domestic crop and larger
supplies among foreign competitors. The U.S. share of world
trade is also expected to fall. Unit values are expected to
fall from last year’s record, but remain above historical
levels. The fiscal 2011 estimate for cotton is unchanged at $9
billion as rising export unit values offset lower volume.
The Bangladesh government will not allow new export
processing zones (EPZs), as it plans to set up special
economic zones (SEZs) to boost the pace of industrialisation,
said Industries Minister Dilip Barua. The objective of
developing the SEZs, rather than the EPZs, is to promote
domestic entrepreneurs as they contribute to revenue
generation and job creations for thousands of people.
A scheme of worth Rp255 billion for subsidizing the
interest on loans taken out by textile and garment industry
firms for refurbishing purpose, said Indonesian Commence;
Finance Minister Sri Mulyani Indrawati. He said that the
scheme is designed to provide financial assistance regarding
the interest payable on loans taken out by textile firms.
The Australian wool industry's marketing organisation says
a great production season is partly responsible for recent
falls on wool markets. Australian Wool Innovation says 13%
more Australian wool is being sold this year. Yields are also
up, because of good rain at the right times of the year.
Jute spinners in Bangladesh apprehend that the budget
proposal to hike the tax at source on exports from the present
0.40% to 1.5% for the 2011-12 fiscal would severely affect the
industry’s growth. In the budgetary proposal, the Finance
Minister withdrew the tax break facility that was available to
the jute, textiles, apparels and other industries.
The Association of Ghana Industries said that it fully
supports the operations of the Anti-Textiles Piracy Taskforce,
which aims at stopping the importation and selling of faked
local branded textiles in Ghana.
India’s nonwoven market is growing at a rate of 8%-10%. At
present, the production of Nonwoven in India is touching
190,000 tonnes out of this Spun bond nonwoven fabrics
production is approximately 83,000 tonnes. As per the expert
report, the per capita Nonwoven fabric consumption in India is
155 gm; which will touch to 350 gm by 2015 and 600 gm by 2020.
In fiscal 2010-11, Bangladesh exported goods worth $512
million to India, up 68% from $304 million in 2009-10, of the
total amount, woven and knit garment items accounted for $80
million.Bangladeshi garment exporters will get duty benefits
on the exports of 46 items to India: 24 are knitwear products,
21 woven garment items and one silk fabric item. Shirts,
trousers, blouses, children's clothes, nightwear, T-shirts and
jeans are on the list. Bangladesh has been enjoying a
duty-free access for 10 million pieces of garment to India
under the Safta agreement.
