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Economy News

Bangladesh Seeks to Boost RMG Raw Material Imports from South Korea

Bangladesh’s ready-made garment (RMG) sector is setting its sights on deeper trade collaboration with South Korea, particularly through increased imports of raw materials and expanded apparel exports. This intent...

State-of-the-Art Needling Technology Installed by Dilo Systems GmbH at ALMA SPA, Italy

ALMA in Florence is a specialist in the floor covering sector providing high quality products in a vast...

Empowering design innovation at Robert Mackie: UKFT’s Young Textile Technician Fund

Two members of the design team at Robert Mackie of Scotland, have completed specialist training on Stoll Create...

Last Chance to Join EDANA’s Innovation Forum!

Brussels, 14th of May 2025 – The countdown is on! With just 4 weeks to go, the EDANA...

Flexi-Light PET: Outstanding, sustainable sound insulation for vehicles

Polyurethane foam has traditionally been used to reduce noise, vibration and harshness (NVH) in vehicles, contributing to passenger...

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Bangladesh stood on 2nd largest FDI reciepent of South Asia

Foreign direct investments are commonly made in open economies. It may include provisions of management and technology as well. The key feature of direct...

Russia primary consumer of Uzbek textile products

Russia remains the primary consumer of Uzbek textile items, according to the Uzbek state statistics committee. During January-May 2019, more than 38 per cent...

India-Kyrgyzstan 5-yr road map to raise trade: Modi

India and Kyrgyzstan have prepared a five-year road map to raise bilateral trade and urged business communities from both sides to explore the untapped...

Senior Iran MP calls for resumption of banking ties with Pakistan

A senior member of Iranian parliament says that resumption of banking ties between Iran and Pakistan is very important to enhance trade cooperation between...

Nigerian Central Bank panel to revive textile firms

The Central Bank of Nigeria (CBN) recently set up a committee to revive the country’s cotton, textile and garment industry following the earlier restriction...

Welspun India sees 46% growth in domestic retail business

Welspun India Limited (WIL), part of the $2.3 billion Welspun Group, has registered 46 per cent year-on-year growth during Q4 FY19 in domestic branded...

‘IKATS, Cloths of life’, Musée Bargoin

An exhibition of ikats will take place at the Musée Bargoin in Clermont-Ferrand, France, from 18 May to 22 September, 2019. ‘IKATS, Cloths of...

Iran attends SCO int’l investment fair

SCO int'l investment fair :: The first Shanghai Cooperation Organization (SCO) International Trade and Investment Fair opened on Friday in the port city of...

Iran, Pakistan working on barter trade mechanism

Pakistan Prime Minister’s Advisor on Commerce, Textile Industries and Production says Iran and Pakistan are working on a barter trade deal mechanism to enhance...

Iran Textile Industry Closer To Regional Economic Giants

An unemployment rate of over 12%, inflation at 36.9%, government debt of almost 40% of GDP, a GDP that could fall by 3% in...
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