Textile trade plays an integral part in manipulating the economic output of many countries. It generates employment opportunities for 40 million people worldwide; and is one of the two most dynamic sectors in the world for the past two decades (the other one being electrical and electronic goods)....
At the beginning of 2008, the apparel industry was focused on fears that Chinese prices would go through the roof as rising wages, new labour laws, worker shortages, the appreciation of the Yuan and higher exporting costs took hold -sending many buyers in search of cheaper suppliers elsewhere....
These are troubled times for India's textile industry. As the rupee appreciates against the U.S. dollar, more and more small and medium-size firms are laying off workers or closing down. Industry experts say that in the southern textile hubs of Tirupur and Bangalore, a factory closes every week...
With the ongoing global crisis covering up the countries like a wet blanket, what is the position of Retail industry in India? Current meltdown is shaking the global markets today, hooking every single country. Rising inflation rates are covering the economies of countries like a wet blanket....
The textile industry in Bangladesh, now the sixth largest exporter of apparel in the world after a decade of spectacular economic growth, has positioned itself to benefit from the current global economic crisis. Production of ready-made garments (RMG) and knitwear is at an all-time high....
The garment merchandiser is the person who integrates the assessment of raw material, fabric production and formal apparel production. Despite the substantial growth, the apparel market is still in its budding phase. The continuous change of fashion and its trends, necessitated garment merchandisers in the level playing field....
