Global Textiles & Apparels - Daily E-Paper Global Textiles & Apparels E-PAPER - (30 July 2018

Daily E-Paper
MAHENG/2007/20880 Vol. 01 No. 102
Transport Strike has hit textiles
exporters badly – TEXPROCIL
Mumbai : All India Motor Transport
Congress (AIMTC) started a nationwide
indefinite strike on July 20.
Their demands include a reduction in
central and state taxes by getting diesel under
the GST so that price of the deregulated
commodity can be reduced.
“The transport strike has started
adversely affecting textiles exports and is
a matter of deep concern for us”, said Shri
Ujwal Lahoti , Chairman of The Cotton Textiles
Export promotion Council ( TEXPROCIL).
There is sharp disruption in the movement of raw materials to the
factories and finished goods to the ports for exports, pointed out Shri
Lahoti. In the case of Cotton textiles, raw cotton are mainly produced
in Gujarat and Maharashtra whereas their consumptions are in the
textiles units located in the Southern states of Tamil Nadu and Andhra
Pradesh . The transport strike has brought the movement of textile
products to a standstill.
There are strict shipment schedules given by the foreign buyers
for exports and many of the textiles exporters will miss these schedules
which may result in the loss of export orders , said Shri Lahoti . There
is a possibility that our competitors in the export markets will benefit
from this strike.
The Chairman , TEXPROCIL expressed his serious concern that
if the strike continues , it will lead to loss of reputation in the international
markets for many of the textile exporters apart from loss of business.
Shri Ujwal Lahoti appealed to the Government to resolve this
issue so that the strike gets called off at the earliest and textile
exports , which otherwise is facing many other challenges , can meet
the commitments made to the overseas buyers on time.
Myanmar RMG to mull Shutting down
Myanmar: The rising labour
wages and cost of land seems to
be taking a toll on the Myanmar
garment industry with around 14
factories in the country’s Yangon’s
industrial zones expected to shut
down in next couple of months,
leaving over 3,000 workers
jobless.
According to the Myanmar
Garment Manufacturers
Association, the primary reason
behind these factories deciding
to wind-up operations was due
to increase in production cost,
especially the wage of the workers.
The Association said that
the garment industry is under
pressure from having to raise the
minimum wage.
At the same time,
productivity, which is already
lower than other countries in the
region, has not improved.
As a result, many garment
businesses no longer want to
operate. It may be mentioned
that earlier in 2018, the National
Committee for the Minimum Wage
has set daily minimum wage at
US $ 3.60 per hour for an eight-
hour shift, which is reportedly
almost 30 per cent increase from
the earlier base wage.
Afghanistan to Import RMG from Bangladesh
Bangladesh: Bangladesh’s
bilateral trade relations with
Afghanistan, especially export of
readymade garments, is expected
to get a boost.
The Bangladesh Minister
on his part reportedly underlined
his country’s willingness to
strengthen the bilateral ties
with Afghanistan as well as
Bangladesh’s interest to become
its trusted development partner.
Bangladesh has reportedly
been actively participating in the
rebuilding process of Afghanistan
and has come-in for praise from
the political leaders of that country.
In terms of exports,
Bangladeshi jute, ceramics,
and pharmaceutical products
reportedly have good demand in
the Afghanistan market.
New Cotton Variety to Boost Textile Industry
Mumbai: Two new Bt cotton varieties, MRC 7377BG11 and
MRC7361BG11, has been approved for commercial release by the National
Committee on Naming, Registration and Release of Crop Materials. The
crops, which are Nigeria’s first home-grown GM cotton, was developed by
Mahyco Nigeria Pvt. Limited in collaboration with the Institute for Agricultural
Research, Ahmadu Bello University, Zaria. They are expected to bring succour
to farmers and boost Nigeria’s textile industry with a yield of 4.1 to 4.4 tonne
per hectare as against the local variety’s yield of 600 to 900kg per hectare.
Mumbai, Monday , 30 July 2018
Pakistan Textile Exports Result
Pakistan: In June, Pakistan
exported textile worth US $ 1.19
billion as compared to US $ 1.22
billion of shipment in the same
month of 2017.
The product categories such
as garments, towels and bedwear
showed dismal performance and fell
in their respective shipments. The
fall can be attributed to significantly
higher cotton prices in 2018 which
hampered the growth of exports.
The prices are said to increase
from US $ 50.38 per maund in 2017
to US $ 73.64 per maund in 2018.
Pakistan government has extended
the Prime Minister’s Export Package
to boost the textile exports, to restrict
rapidly growing trade deficit as well
as to support falling foreign currency
reserves in last one and half year.
Despite these efforts the exports fell
and it’s a serious matter of concern
for the country.
Textile exporters will struggle
in the days ahead in the current
fiscal year 2018-19 as cotton sowing
target has been missed. Additionally,
duties and taxes have been re-
imposed on cotton imports, which
will be costlier, also due to the US
dollar’s strengthening against the
rupee. In the meantime, expensive
re-gasified liquefied natural gas
(LNG) has forced the closure of
several small mills in Punjab.
Pages 05
INSIDE NEWS
International
Conference on
Advanced Textiles
Announced
C o i m b a t o r e :
Avinashilingam Institute for
Home Science and Higher
Education for Women will be
organizing an international
conference in collaboration with
Texas Tech University, USA in
its campus in Coimbatore, India
between January 30th and 31st,
2019. Page 04