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Trump’s trade threats against China may help Vietnam

Immediately after being sworn in as Commerce Secretary, Wilbur Ross has announced that specific steps would be taken with regard to US President Donald Trump’s stand to carry out his trade threats against China – if he may decide to do so. “Specific measures against China will be announced as soon as we have a proper case prepared,” Ross said in an interview given to Bloomberg Television last week. The Secretary spoke just before Trump’s […]

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China’s apparel exports show a consistent decline

China’s apparel exports have declined drastically in the first half of the current year and are yet to reverse the trend. In the first six months, the apparel exports for the country to the USA has registered a decline of (-) 5.20 from US $ 12.61 billion over the same period last year to US $ 11.95 billion in the current year. Even after two months, the country’s apparel exports kept declining from US $ […]

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Vardhman urges for an industry-specific policy

Textile conglomerate Vardhman Group has a laser-sharp focus on excellence, continuous customer-driven innovation, original strategies and a series of technological collaborations. The company has successfully positioned itself as one of the strong players in the textile value chain with sizeable capabilities in cotton yarn, acrylic yarn, fabric and sewing threads. Vardhman also boasts of a longstanding association with globally recognized partners like A&E for threads, Marubeni Corp. for cotton yarns, Nisshimbo Textiles Inc. for readymade […]

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Marcella folds out its brick & mortar stores; E-commerce arm to continue flourishing

Marcella, a Singapore-based bespoke tailoring start-up, will be closing down its physical stores by January 1, 2016; the retailer announced in a Facebook post. The move comes following Marcella’s acquisition by an international made-to-measure group since the physical stores do not fit into the company’s growth strategy. However, the online store will remain operational. Before the shutdown, Marcella is offering 50 per cent discount for all ready-to-wear items. It added that customers with outstanding cash […]

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Indo-Bangla bonding over apparel business…

From being competitors to business partners…, trade relations between India and Bangladesh have taken a 360 degree turn. While Indian textile mills have increased their focus on Bangladesh to export fabric, Bangladeshi companies are increasingly looking at Indian domestic market as potential future growth drivers. Each country has something that the other can use to its advantage and with PM Narendra Modi pressing the fast track button on future collaborations at his first official visit […]

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