The Asian Development Bank (ADB) recently signed an agreement with Bangladesh’s Eastern Bank Ltd (EBL) to provide a $20-million loan to help improve standards and quality in Bangladesh's textile and garment sector. The loan will be used to finance socially and environmentally sustainable projects, specifically, the construction or expansion of factories. 

To tap the strong demand growth of VSF (viscose staple fibre) and maintain its leadership position, Grasim, a part of Aditya Birla Group, will increase its total VSF capacity by 58 per cent to 788 KTPA. This is in addition to the existing plan at the cost of Rs 802 crore. The company has also committed a fresh capex of Rs 3,523 crore for capacity expansion.

Inecta LLC, a Microsoft Dynamics NAV Gold certified partner, has partnered with K3 Software Solutions, an IT firm developing fashion PLM solutions, on pebblestone|fashion, a fully integrated, proven Microsoft Dynamics NAV solution tailored to the needs of fashion and apparel firms. The partnership will better serve needs of fashion and apparel customers. 

US retail industry sales will grow by 3.8-4.4 per cent in 2018 over last year and online and other non-store sales, which are included in the overall number, are expected to increase by 10-12 per cent, according to the economic forecast for this year by the National Retail Federation (NRF). The numbers exclude automobiles, gasoline stations and restaurants. 

China has seen a rise in cross-border e-commerce trade, with turnover rising 80.6 per cent to 90.24 billion yuan last year over 2016. The average annual growth rate for the past three years is more than 50 per cent, said Yu Guangzhou, head of China's General Administration of Customs (GAC) recently at the first Global Cross-Border E-commerce Conference in Beijing. 

Over 200 exhibitors with a wide range of products including bedding and towelling, carpets and rugs, table and kitchen linen, machinery and technology, and design and styling will gather in China to participate in the Spring Edition of Intertextile Shanghai Home Textiles during March 14-16, 2018. The event will give a boost to China’s home textile market.