World cotton output grown by 6% in 2015-16

World cotton output grown by 6% in 2015-16

According to International Cotton Advisory Committee (ICAC) report world cotton production is projected to increase 6% year over year to 22.5 million tons in 2015/16. However, ICAC also estimates world ending stocks to have fallen by 13 per cent to 19.5 million tons in 2015/16, as global cotton demand outpaced production. World cotton consumption is […]

BGMEGA launched US$ 50 Bn Roadmap for the RMG Industry by 2021

BGMEGA launched US$ 50 Bn Roadmap for the RMG Industry by 2021

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) launched a new roadmap to achieve US$50 Bn in ready-made (RMG) garment exports by 2021. Just 56 out of 466 Bangladesh textile factories that discharge potentially hazardous wastewater into the environment were found to have effluent treatment plants in operation. This is the startling conclusion of a new […]

Textile Exports Expected to Rise by 6% to USD 40 Billion in FY 17: ICRA

Textile Exports Expected to Rise by 6% to USD 40 Billion in FY 17: ICRA

Textile exports from India is likely to grow to USD 40 billion in 2016-17, due to the expected growth in the apparel segment and higher fiber prices, according to ICRA research. Despite the volume growth in most of the segments, textile sectors witnessed de-growth in 2015-16 due to the lower fiber prices including cotton and […]

Textile Exports fell to USD 40 Billion in FY 2015-16

Textile Exports fell to USD 40 Billion in FY 2015-16

Textile exports from India has fell to USD 40 billion in FY 2015-16, as compared to USD 41.4 billion in FY 2014-15. Also, the textile exports are far below the target of USD 47.5 billion, set by the Ministry of Textile for the previous fiscal year. Despite this fall, Ministry is ambitious to achieve the […]