Innotex

Innotex Innotex is a Sourcing company that helps connecting our clients with the appropriate supply chain so

Our mission is to obtain highest quality standards that you are looking for at competitive prices.

03/11/2021
๐Ÿ,๐ŸŽ๐ŸŽ๐ŸŽ ๐‘๐Œ๐† ๐ฐ๐จ๐ซ๐ค๐ž๐ซ๐ฌ ๐ญ๐จ ๐ ๐ž๐ญ ๐œ๐š๐ฌ๐ก ๐š๐ข๐ ๐Ÿ๐ซ๐จ๐ฆ ๐‹๐ž๐ฏ๐ข ๐’๐ญ๐ซ๐š๐ฎ๐ฌ๐ฌUS-based renowned denim giant Levi Strauss is due to deliver cash aid...
08/03/2021

๐Ÿ,๐ŸŽ๐ŸŽ๐ŸŽ ๐‘๐Œ๐† ๐ฐ๐จ๐ซ๐ค๐ž๐ซ๐ฌ ๐ญ๐จ ๐ ๐ž๐ญ ๐œ๐š๐ฌ๐ก ๐š๐ข๐ ๐Ÿ๐ซ๐จ๐ฆ ๐‹๐ž๐ฏ๐ข ๐’๐ญ๐ซ๐š๐ฎ๐ฌ๐ฌ
US-based renowned denim giant Levi Strauss is due to deliver cash aid to 1,000 female ready-made garment (RMG) workers of Bangladesh who lost their jobs due to the COVID-19 pandemicโ€™s effect.
Under Leviโ€™s COVID-19 Response for RMG Women Workers in Bangladesh program, a 600 apparel workers in Dhaka and 400 workers in Chattogram would get Tk5,000.
Besides, 600 more apparel workers โ€“ 360 in Dhaka and 240 in Chattogram โ€“ would get hygiene kits including soap, detergent and reusable face masks, worth more than Tk1,200 per person.
Non-governmental organization (NGO) ActionAid Bangladesh would distribute the cash aid and hygiene kits among the workers through its two associates โ€“ Safety and Rights Society in Dhaka and Sangsaptak in Chattogram.
The NGO officials said some additional apparel workers who have lost their jobs in the COVID-19 pandemic will also be taken under the cash assistance.
Sekender Ali Mina, Executive Director of Safety and Rights Society, said they will list the project recipients from their RMG workers database. Moreover, they will gather information from the RMG workers.
Mina told that they had already prepared 50 volunteers for the aid payment. By mid-March, they expect to reach out to the RMG workers with the aid.
Annually, Leviโ€™s sources 39.5 million pieces of denim from Bangladesh. Valued around Tk25.20 billion. Levi Strauss designs and markets jeans, casual wear and related accessories for men, women and children.
Levi Straussโ€™s COVID-19 response project aims at promoting awareness about COVID-19 safety measures between RMG workers and their families.
The Levi Strauss Foundation has promised to deliver more support to the Bangladeshโ€™s RMG workers in future.
Leviโ€™s promises to support 1,800 more RMG workers
Azadul Islam, the focal person at ActionAid Bangladesh, said Leviโ€™s promise them to provide more support depends on the success of the COVID-19 response project.
โ€œA large number of RMG workers have lost their jobs due to the pandemic. Many of them joined other factories with lower wages than they used to get. Against this backdrop, ActionAid proposed that Leviโ€™s provide cash assistance to more 1,800 workers and hygiene kits to 1000 workers,โ€ Islam added.
Azadul Islam optimisms the Levi Strauss Foundation will review the proposal soon.
Khondaker Golam Moazzem, Research Director at the Centre for Policy Dialogue (CPD), said such assistance for apparel workers is positive. โ€œEarlier, the European Union also announced such assistance to workers. Such initiatives will encourage others,โ€ he added.
The EU said โ‚ฌ113 million in cash assistance to Bangladeshi workers. Under the program, each worker is getting cash aid of Tk3,000. A worker will get support for a maximum of three months.

Amid a skyrocketing international cotton market, a ray of hope in Bandarban:Bangladesh, the second-largest RMG exporter ...
08/03/2021

Amid a skyrocketing international cotton market, a ray of hope in Bandarban:

Bangladesh, the second-largest RMG exporter in the world, largely depends on cotton for its textile production. But in the backward linkage, sourcing of cotton has always been a problem for the country. Sadly enough, Bangladesh only produces 4 percent of the annual demand for 10 million bales of cotton. Finding no way, the rest 96% is being imported from the international market with exorbitant prices.

In this painful situation, Bandarban is appearing as a ray of hope as the to***co farmers are being interested in cultivating more and more cotton, opening up an opportunity to source 2150 tons of cotton in FY 2020-21 directly from there. Though it is still a nominal amount of cotton for the export-oriented yarn manufacturing industries, it is a great trend taking place in the hilly regions.
Previously dominated by to***co farming, now Bandarban district is facing a radical change as there can be seen a positive trend of the farmers being more interested in cultivating cotton. These farmers are diverting their routes from to***co cultivation to cotton because of getting more profit with less cost and hardship.
Now cotton is being extracted from different lands of the district including Meghla, Chimbuk, Charui Para, Lemujhiri, Balaghata Jaymohan Para, Mongpru Chhara. The farmers are extremely satisfied with the good yield both from hybrid and local cotton.
According to the Cotton Development Board, Bandarban Zone, cotton is cultivated in 6175 hectares of land in Bandarban in the fiscal year 2019-20 where 2088 tonnes of cotton is produced.
Meanwhile, in the financial year 2020-21, cotton has been cultivated in 6200 hectares of land which demonstrates the addition of 25 hectares. According to their calculation, the authorities expect to produce 2150 tonnes of cotton which is 62 tonnes more than previous. According to the experts, this positive trend of cotton cultivation will increase.

At present, there are 6,000 cotton farmers in Bandarban where mainly hill cotton and plain cotton are being cultivated. Last year the price of cotton was 57,500 taka per tonne and this year the price of cotton is 65,000 taka per ton.
When asked how the increase in cotton cultivation in Bandarban can help Bangladesh, Md. Bashar Uddin, the Lecturer of the Department of Yarn Engineering of Bangladesh University of Textiles (BUTEX) said, โ€œWe know that hill tract area where water doesnโ€™t stand is suitable for cotton cultivation. Even if a nominal percentage of cotton demand can be fulfilled from there, it can be very positive for us.โ€
โ€œAs cotton is an annual plant, we need to order them from foreign countries at a specific time, at a specific quantity. As demand can change in a cotton mill, if we accidentally order less than our demand, then we need to purchase the extra cotton at a much higher price. So, if we could increase quality cotton cultivation in our country, the spinning mills could order sufficient cotton in an advance without the risk of purchasing extra cotton in an emergency with a higher price.โ€ Bashar added.
He also said, โ€œMoreover, the people of the hilly areas are being independent by cotton cultivation. If they can produce sufficient cotton with good quality, the spinning mills will compete to buy from them.โ€
โ€œAt present, there are spinning mills which are cultivating cotton in the country with their funds. For example Square has agreements in Jessore and Kushtia areas,โ€ Bashar added.
In the latest report of the US Department of Agriculture (USDA) on the Cotton and Products Update on Bangladesh, it said cotton is cultivated in 20-22 districts of Bangladesh, covering only 0.55 percent of the total cultivable land of 81 lakh hectares.
We have room to increase cotton cultivation and support our spinning mills. The Cotton Development Board set a goal of domestically producing two million bales of cotton by 2041, which can be achieved by using only 2,00,000 hectares of land.

05/11/2016

We are pleased to inform you that we are participating in INTEX SOUTH ASIA 2016 ( Yarn, Fabrics and Denims Exhibition ) to be held in Colombo, Sri Lanka, from 16 โ€“ 18 November 2016 and pleased to invite you to visit our Booth No. C16.
Venue : Sri Lanka Exhibition and Convention Centre.

We are pleased to inform you that we are participating in INTEX SOUTH ASIA 2016 ( Yarn, Fabrics and Denims Exhibition ) ...
20/10/2016

We are pleased to inform you that we are participating in INTEX SOUTH ASIA 2016 ( Yarn, Fabrics and Denims Exhibition ) to be held in Colombo, Sri Lanka, from 16 โ€“ 18 November 2016 and pleased to invite you to visit our Booth No. C16.
Venue : Sri Lanka Exhibition and Convention Centre.

Address

Kovai Thirunagar
Coimbatore
641014

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
Saturday 9am - 5pm

Telephone

+914224355121

Alerts

Be the first to know and let us send you an email when Innotex posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Innotex:

Share