Home / Knowledge / News / Apparel/Garments / Apparel industry earns $26.5 mn during 2005-08
Apparel industry earns $26.5 mn during 2005-08
03
Jun '10
The garment industry of Trinidad & Tobago, which offers employment to around 3,700 people, including, clothing designers, factory workers, sales and administrative staff, garnered $26.5 million as revenue during 2005-08, informed Carl Francis, Permanent Secretary in the Ministry of Trade and Industry.

He further said that, it is believed that the fashion industry has a great potential to earn bigger revenue. Fashion products such as textile design, customized tailoring for men and women, high-end fashion merchandise, resort wear collections, accessories design and manufacture of products such as, handbags, swimsuits and jewelry, are sure to enjoy a niche market with bulk market opportunities, informed Francis.

The international garment and fashion industry accounts for over US $100 billion, as per the figures revealed recently. So, small and developing economies like T&T have a number of opportunities in this sector, stated Francis.

The Ministry of Trade and Industry considers efforts of FWTT as a vital factor for offering T&T the key position in the regional apparel industry. Since, it offers business opportunities to T&T designers along with a displaying of their garment designs, added Francis.

Fibre2Fashion News Desk - India


Must ReadView All

Ghana makes tax stamp compulsory on imported textiles

Textiles | On 27th May 2018

Ghana makes tax stamp compulsory on imported textiles

To curb illegal imports, Ghanaian authorities will put a tax stamp on ...

Courtesy: Vishal Mega Mart

Apparel/Garments | On 27th May 2018

Partners Group, Kedaara Capital taking over VMM

Partners Group, a private markets investment manager, and Kedaara...

Courtesy: Deckers

Apparel/Garments | On 27th May 2018

Deckers Brands sales soar 8.4% in Q4FY18

Deckers Brands, a global leader in designing, marketing and...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search