PR Resource – Muarateweh.net

By By our correspondent, The News

Small and medium apparel producers have expressed concern over reports of linking research and development support to export performance. This would benefit large exporters and slash R&D facility for Small and Medium Enterprises (SMEs).

Pakistan Readymade Garments Manufacturers and Exporters Association Former Chairman Ijaz Khokar, along with other exporters deplored that instead of facilitating the SMEs, the planners are trying to further marginalise them by reinventing the R&D policy.

He said that under the proposed scheme prepared by the Economic Advisory Council, the larger exporters with exports of over Rs25 billion would get nine per cent R&D support against the current grant of 6 per cent, while the grant would gradually be reduced for lower exporters to 1 to 2 per cent. (continue reading…)

The export apparel surveying in the India garment industry, the fearing layoffs and closures as exports decline with the hardening rupee, a worried Apparel Export Promotion Council (AEPC) is surveying the current status of India’s garment industry.

The survey will, in particular, collect information on the current level of capacity utilisation and order books position of the units.

In a circular to all AEPC members, council chairman Rakesh Vaidh stressed the need to inform the government about the “distressed conditions” in the industry and their impact on its employment generation potential.

Vaidh said: “Apparel exports have witnessed significant decline in 2007-08 after five years (continue reading…)

In the Cina textile and apparel export in January and February, that is province of Guangdong exported USD 3.52 billion worth of textile and apparel products in January and February 2008, falling 11.3% from the first two months of 2007, citing customs statistics.

Shocked by the sub-prime crisis, the US and Europe, which offer the most textile and apparel orders to China, have been cutting their orders since the last year. The province’s export of such products to the US were valued at USD 280 million and USD 1.6 million in January and February, respectively.

The Chinese yuan has been going increasingly stronger, compared to the US dollar since 2007, resulting in a surge in textile and apparel companies’ currency exchange cost by 20-25%. Labor cost has been leaping in the country. The per capita salary for textile workers in a textile production base of the province has reached CNY 1,600 to CNY 1,700, up 20% from the previous year. Besides, prices of petroleum, transportation and raw materials like cotton have also been hiking. (continue reading…)

The Peru Moda is the main event in the fashion peruvian industry, consider as one of the most important events in Latin America, shows the best of the peruvian export offer in apparel, footwear, accessories and jewelry, plus an area of services that includes machinery, trims and others.

In this 11th edition, Peru Moda will have the participation of more than 300 export companies from the peruvian fashion industry, and with more than 500 import companies from United States, European Union, Latin America, and Asia. This event provides the direct contact between peruvian companies with potential clients; as well as renowned local companies and professionals related to export management.

Peru Moda
www.perumoda.com

The central government’s proposed special purpose vehicle (SPV) to help the textile industry that has been hit by the rupee appreciation is poised to take off in four months.

India PRwire/Indo Asian News — Service The central government’s proposed special purpose vehicle (SPV) to help the textile industry that has been hit by the rupee appreciation is poised to take off in four months.

Siddhartha Rajagopal, executive director of Cotton Textile Export Promotion Council (Texprocil), said: ‘There is a proposal for an SPV. But it is still in the consideration stage. It could take three to four months to conceptualise and launch it.’

However, the other export promotion councils, linked to the union textile ministry, do not seem to be aware of any such proposal.

When contacted, Apparel Export Promotion Council (AEPC) chairman Rakesh Vaidh told IANS: ‘I have taken over as the chairman of the council, but I am not aware of any such idea.’

The proposal for a single agency to deal with textile exports was first hinted at by a textile ministry official during a seminar on the industry – Texcellence 2006 – held here in April 2006.

Sources said Textile Minister Shankarsinh Vaghela would outline the broad features of the scheme when the Lok Sabha discusses the demands for grants for his ministry during the budget session.

According to ministry sources, the idea behind establishing the SPV is to synergise the effectors of different organisations for promoting exports in order to maximise outcome.

The new agency was to evolve an integrated textile promotion in prospective markets identified on the basis of product-country potential analysis.

The agency is likely to be incorporated as a holding company in which all export promotion councils in textiles and clothing sector would be involved as stakeholders. There are nine other councils besides AEPC and Texprocil.

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The specialists of the textile industry have advised the coming government to ensure an enabling environment for the sector that has shown remarkable resilience by staying afloat under the most adverse circumstances after 9/11.

They say the inherent strength of the textile industry can be judged from the fact that over 80 per cent of its market is outside Pakistan. If India produces 23 million cotton bales a year, it consumes half of that locally, spares four to five million bales for export and the rest is used for producing different products for export.

Pakistan, on the other hand, produces 11 to 12 million bales, imports another four to five million bales and exports 80 per cent of them in shape of various textile products.
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Lakeland Industries Inc., a maker of safety garments, Tuesday announced its largest-ever acquisition — a $12.5 million purchase of a Brazilian company that also manufactures safety apparel.

Ronkonkoma-based Lakeland said it has agreed to acquire Qualytextil S.A., based in Salvador Bahia, which makes firemens’ turnout gear, chemical protective garments, waterproof operational garments, among other items.

Lakeland said it has signed a letter of intent to acquire Qualytextil, and that the deal is subject to negotiation and execution of final documentation.

If the deal is consummated, Lakeland said it will add to earnings per share.
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