DUBLIN, Ireland, Aug 07, 2008 (BUSINESS WIRE via MarketWacth) — Research and Markets ( http://www.researchandmarkets.com/research/e495dc/indepth_analysis) has announced the addition of the “In-depth Analysis of China’s Bearing Industry 2008″ report to their offering.
China is the world’s fourth largest bearing producer behind the United States, the European Union and Japan, accounting for 10 per cent of the global bearing market. The total sales of China’s bearing industry in 2007 was 80.5 billion yuan, an increase of 25.7 per cent year-on-year and produced various kinds of roller bearing 11,022 billion sets, an increase of 37.86 per cent year-on-year. In the first quarter of 2008 the total roller bearing was 2.46 billion sets, an increase of 13.01 per cent year-on-year.
The majority of bearings produced in China are small and mid-sized, the proportion of large-scale bearing is very small, less than 3 per cent of its total output, but, on the other hand, the price of the large scale bearing per set is relatively higher, in terms of output value that the large-sized bearing accounts for more than 35 per cent of the total. Presently, the small Read the rest

HANOI, Aug 4 Asia Pulse - On the apparel retail front, Vietnam is on top of the list of the most lucrative retail destinations, the place India was five years ago, India’s Economic Times has reported.

Ready to take off, Vietnam could challenge India’s dominant position, the newspaper said, adding that Vietnam burst on to the textile scene about five years ago with low wages and a strong consumer market receptive to global brands.

On export front, cost competitiveness has given Vietnam an advantage over India, it said, citing Secretary General of Confederation of Indian Textile Industry D K Nair as saying that textile manufacturers are shifting base to the Southeast Asian country due to lower production costs.
Read the rest

Every day we hear about problems faced by the textile industry in Pakistan, with high cost and low prices offered by buyers.

I have been working as a buyer in a sport apparel company in New Jersey for three years and before that I was an assistant buyer for a home textile importer for almost two years. I have worked with many companies from various countries.

My experience with Pakistan’s businessmen is that many are not good salesmen (exceptions are there). They don’t know how to get better prices for their product. We buy huge quantities of apparel from Nepal, India, Sri Lanka and Bangladesh but their salesmen are tough negotiators as compared to Pakistan’s.

If I tell a Pakistani salesman that I am getting X prices from his competitor in Pakistan, then this gentleman will immediately reduce his prices by five to 10 per cent, without even giving second thoughts. In fact I was just bluffing and the salesperson falls into my trap. Read the rest

July, 2008 (Business Standard) — The Indian apparel export industry, which is going through a tough phase, has urged the India’s Finance Ministry not to reduce the proposed Duty Drawback from 11 per cent to around 7 per cent. Duty drawback is paid to exporters to reimburse the taxes paid on goods during the course of production. India currently exports Rs 30,000 crore of apparel and this is expected to fall short by 10 per cent during the current year.

The Apparel Export Promotion Council (AEPC) in a statement today said: “We understand that the Duty Drawback rates for apparel are being finalised and the indications are there that the Finance Ministry is contemplating to reduce the drawback by 3 to 4 per cent. This will have a disastrous effect when already employment numbers are declining. This will add to the severe unemployment in the apparel sector.” Read the rest

Welcome to the Mahindra World City Jaipur. Even as several SEZs are struggling to get off the ground, the Mahindras have managed to kick off their second SEZ at Jaipur, after their first one in Chennai.

“None of the big SEZ projects has taken off while we have made good progress on two of them. The Jaipur project will be operational this month,’’ said Arun Nanda, vice-chairman, Mahindra Lifespaces.

Most other projects have not been able to cross the first hurdle of land acquisition. “The Mahindras believed in SEZs before they came into place in India. Others are sitting on approvals and now thinking about what to do with them,’’ said Tapan Singhal, senior manager, PricewaterhouseCoopers. Read the rest

(Muara Teweh via Fibre2Fashion) Pakistan Apparel Forum (PAF) has urged the Government to discontinue export of cotton as soon as possible, if they want to save the crumbling apparel industry of the country.

The demand of cotton from domestic enterprises is much more than the total cotton produced in Pakistan and on top of it if the authorities allowed export of cotton, there is bound to be shortage, resulting in increased prices of cotton, the brunt of which ultimately will have to be borne by the garment producers.

In 2007- 08 the total production of cotton in Pakistan was around 12.6 million bales, whereas annual requirement was nearly 15.5 million bales. As a result, the country has to import lint worth Rs 50 billion yearly to meet the shortfall of approximately 3 million bales. Read the rest

After four years, Wool and Woollens Export Promotion Council (WWEPC) has reported a decline of Rs 124.01 crore in export of woollen products during April 2007 to February 2008, on account of rupee appreciation against US dollar.

“We have observed a dip of 6.84 per cent in wool and woollen products exports after four years because of adverse impact of appreciation of rupee against dollar,” WWEPC Chairman Ashok Jaidka said.

While expressing concern over the decline in exports, he informed that the export of wool and wool-blended textile and readymade garments went down to Rs 1688.04 crore during April 2007 to February 2008 against Rs 1812.05 crore in the corresponding period a year-ago.

Jaidka further said that on the request of the council, the ministry of textiles had approved the opening of warehouse in Moscow, which would soon be set up. Read the rest