International

China establishes a website to track down eco-friendly textiles

China establishes a website to track down eco-friendly textiles

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To implement the “dual carbon” approach in the textile sector, China has developed a platform in Shanghai to find sustainable textile goods. The platform, known as the “Reborn-China Fibre Zero Carbon Action 2023—Sustainable Textiles Credible Platform,” will be jointly managed by the China Chemical Fibres Association and the National Advanced Functional Fibre Innovation Center and …

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Hyosung from Korea Exhibits Sustainable Textile Ideas at Fabric Expo

Hyosung from Korea Exhibits Sustainable Textile Ideas at Fabric Expo

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In exhibit 1413A of the current Functional Fabric Expo in Portland, Oregon, Hyosung of South Korea showcases its most recent sustainable textile solutions. The producer of sustainable textile solutions is showcasing its brand-new, partially derived from renewable resources, creora bio-based Black spandex, at the fabric fair. Its spandex has received certification from the USDA and …

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India's FY24 GDP projection has been lowered by the World Bank from 6.6% to 6.3%.

India’s FY24 GDP projection has been lowered by the World Bank from 6.6% to 6.3%.

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In its most recent India Development Update report, the World Bank reduced India’s growth prediction for fiscal 2023–24 (FY24) from 6.6 percent to 6.3 percent. India’s development is anticipated to be constrained by slower consumer growth and difficult external conditions, it stated. India’s economy is still strong despite some indications of deceleration. India’s economy was …

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Global Fashion Group reports success with its 2030 sustainability plan

Global Fashion Group reports success with its 2030 sustainability plan

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The 2022 People & Planet Positive (PPP) report from Global Fashion Group (GFG), the top online fashion and leisure destination in Latin America, Southeast Asia, Australia, and New Zealand, showcases the group’s accomplishments in implementing its sustainability plan. Three strategic pillars—climate action, circularity & conscious consumption, and fair & ethical sourcing—help GFG operationalize its 2030 …

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Vietnamese textile and RMG industry development plan suggested at VND 435.6 billion

Vietnamese textile and RMG industry development plan suggested VND 435.6 billion

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A VND 435.6 billion sustainable development programme for the textile and apparel industry was recently presented by the Vietnam Textile and Apparel Association (VITAS) to assist the sector in resolving issues. At the Vietnam Textile Industry’s Traditional Day meeting in Ho Chi Minh City, the suggestion was made by Truong Van Cam, vice chairman and …

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On March 28, Inter-textile Shanghai Apparel Fabrics will begin

On March 28, Inter-textile Shanghai Apparel Fabrics will begin

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The National Exhibition and Convention Center will host the spring edition of Inter-textile Shanghai Apparel Fabrics next week, welcoming up to 3,000 exhibitors and showcasing a variety of textiles and accessories (Shanghai). Several seminars, forums, and panel discussions will be hosted concurrently with the exhibition, which will run from March 28 to 30, to support …

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China to extend zero-tariff treatment to Ethiopia, Niger, & Burundi

China to extend zero-tariff treatment to Ethiopia, Niger, & Burundi

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China’s state council customs tariff committee said that starting on March 1, 2023, 98 percent of taxable goods coming from Ethiopia, Burundi, and Niger will be exempt from tariffs. This action aims to promote an open global economy, the growth of the least developed countries, and Chinese friendship and cooperation with African states. At the …

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India's ColorJet retains Platinum Sponsorship of ITMA 2023

India’s ColorJet retains Platinum Sponsorship of ITMA 2023

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Color Jet Group, based in India, has agreed to serve as the event’s Platinum Sponsor. ITMA 2023 will take place at Fiera Milano in Milan, Italy, from June 8–14, 2023, and will include the largest gathering of textile and apparel machinery worldwide. The sponsorship was officially signed at a meeting that followed the exhibition site …

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Bangladesh sees less FDI as clearance to start biz takes longer: BIDA

Bangladesh sees less FDI as clearance to start biz takes longer: BIDA

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Lokman Hossain Miah, executive chairman of the Bangladesh Investment Development Authority (BIDA), recently stated that a committee headed by the prime minister’s principal secretary had been formed to investigate the issue. He claims that Bangladesh attracts less foreign direct investment (FDI) because it takes comparatively longer to start a business here than in rival countries. …

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16% of US power generation forecast from renewable energy in '23

16% of US power generation forecast from renewable energy in ’23: EIA

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According to the US Energy Information Administration’s Short-Term Energy Outlook, wind and solar energy will generate 16% of the nation’s total power in 2023, up from 14% in 2021 and 8% in 2018. (EIA). In 2023 and 2024, less electricity is anticipated to be produced by coal- and natural gas-fired power plants due to increased …

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