Indian garment production has seen a significant 22.6% year-on-year decline during the initial five months of the fiscal year 2024, as per data from the Confederation of Indian Textile Industry (CITI) concerning the Index of Industrial Production for Textiles and Apparels.
In the face of a challenging year for textile and garment exports, Pakistan's textile industry has demonstrated resilience and adaptability. Recent data from the Pakistan Bureau of Statistics reveals that although the average monthly export volume has decreased by 10-30% compared to the previous year, there are positive signs of stabilization and recovery, particularly in the second half of 2023.
Bangladesh's textile sector has taken the lead in foreign direct investment (FDI) inflows for the fiscal year 2022-23 (FY '23), despite an overall decline in FDI of over 7%, according to recent data released by Bangladesh Bank, the country's central bank.
Ho Chi Minh City, Vietnam, has become a bustling hub for the global garment-textile and footwear industries as a series of international trade fairs opened their doors at the Saigon Exhibition and Convention Centre on October 25.
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