On the lines of incentives provided by other countries like China and India to their respective textile and garment sectors, the Pakistan government has also approved a mark-up subsidy of 3 percent to the spinning sector for a period of two years....

Industry experts gathered in the national capital last month to debate the issue of sustainability during a conference organized by the Pearl Academy of Fashion and North India Section of Textile Institute with the Apparel Export Promotion Council (AEPC) as the main sponsor....

The global financial crisis has now become the staple of front page news. Banks around the world, including those in India, are in the forefront of managing the challenge of crisis resolution. The turmoil in the global financial markets is no longer just a concern for bankers and economists....

Love of shopping conquers all, even the global downturn, and high value designer wear market sprints ahead... It appears that the love of shopping for designer products does conquer all, even the economic slump. Despite the deepening recession, and soaring unemployment, market for luxury designer brands is cruising. ...

In the last decade, industrial textile in China has already experienced rapid increase, especially the last five years with annual growth rate of above 18%. In 2007, the output of industrial textile in china was 5443.2 thousand tons, which is 906.2 thousand tons more than that of 2006 and occupies 15.4% of the total output of textile fibers....

The International Monetary Fund (IMF) has recently issued a world forecast of a declined growth of 2.2% for 2009, which has climbed down from 3.7% in 2008 and 5% in 2007. The current projection has every chance of being further revised downward as the year marches forward. All the major world markets are in the loop of negative growth....