Sri Lanka’s Textile Exports Grow in Q4 of 2012

The exports of textiles and garments from Sri Lanka fetched US$ 364 million in November 2012, showing a year-on-year growth of 4.6 percent, said fibre2fashion.com in today's news.

According to the above source, in spite of the increase in earnings from textiles and clothing exports, Sri Lanka’s export earnings declined by 6.6 percent year-on-year to US$ 827.6 million in November 2012.

During the month, Sri Lanka imported goods worth US$ 1.8 billion, thus narrowing the trade gap to US$ 993 million.

From January to November 2012, Sri Lanka’s total exports fetched US$ 8.9 billion, registering a decline of 6.6 percent year-on-year, while imports were worth US$ 17.5 billion, down 4.5 percent year-on-year.

Source: fibre2fashion.com

Bangladesh Textile Factories Ablaze

According to a recent article in Businessweek, Bangladesh is going through a wave of bad fires at textile factories. We were all shocked on November 24, when we received the news about 111 workers, who died in the fire at the Tazreen Fashions plant in Dhaka. Unfortunately, it was not the last instance of fire. As per Businessweek, there have been 17 more fires at Bangladeshi textile and garment factories, which is a sad stat. At the same time it reveals a lot of safety issues, which exist at such factories in the country.

Local authorities in Bangladesh attribute the fires to short circuits, faulty wiring and power surges. The overall opinion about the need to improve safety conditions is unanimous. To date, the country has made huge changes in removing child labor due to the pressure from the U.S. and European countries. Now the safety issue emerged, which is again going to sparkle talks about the health of the garment industry in Bangladesh. We believe that clothing retailers from Europe and North America, who outsource garment manufacturing to Bangladeshi partners will turn their heads to this issue and will press their partners to improve on safety.

Read the full coverage of the situation:
Bangladesh's Tazreen Fire Is Followed by Further Garment Factory Blazes

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A New Common Facility Centre for Home Textiles in Haryana, India

The government of the north Indian state of Haryana is planning to set up Common Facility Centres (CFCs) for home furnishing and textile machinery, and readymade garments.

The government has identified Panipat for setting up a CFC for home furnishing and textile machinery. It has already prepared a Detailed Project Report (DPR) for the same and submitted to the Ministry of MSME for approval.

Gurgaon, near the nation’s capital, New Delhi, has been identified as a suitable location for setting up garments CFC.

The CFCs will have common infrastructure needed for that particular cluster, and will include design centre, testing facility, production unit, training centre, R&D centre, effluent treatment plant (ETP) and other necessary facilities.

For setting up a CFC, the Central Government will provide 70 percent subsidy subject to a cap of Rs. 150 million, while the remaining amount will be shared between the industry and the state government.

Haryana is home to around 80,000 MSME industries that together provide employment to nearly 900,000 persons and produce goods worth Rs. 45 billion every year.

Source: www.fibre2fashion.com