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HSBC Egypt backs Hong Kong textile business mission in Cairo

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HSBC Egypt backs Hong Kong textile business mission in Cairo



In collaboration with the Hong Kong Trade Development Council (HKTDC), HSBC Egypt hosted a Hong Kong garment and textiles business delegation at its Cairo headquarters to explore partnership opportunities in Egypt’s fast-growing apparel and textile sector, paving the way for 12 leading Hong Kong companies to evaluate investment prospects, supported by Egypt’s strategic location and competitive, skilled workforce.

The session convened industry representatives and officials who outlined Egypt’s macroeconomic landscape, regulatory structure and investor-friendly policies, while underscoring emerging prospects across the value chain, HSBC said in a press release.

HSBC Egypt and HKTDC hosted a Hong Kong textiles delegation in Cairo to explore partnerships in Egypt’s growing apparel sector.
It highlighted Egypt’s strategic export position, trade agreements, integrated supply chain and skilled, cost-effective workforce.
HSBC and HKTDC emphasised strengthening the Egypt-Hong Kong corridor, while industry leaders underscored Egypt’s potential as a manufacturing hub.

Participants also highlighted Egypt’s strategic geographic position as an export hub, the availability of a competitive and skilled labour force, and preferential access to major global markets.

Todd Wilcox, deputy chairman and CEO, HSBC Bank Egypt, said, “Egypt is emerging as an important hub for global trade. It offers investors a strategic export base with multiple trade agreements, and access to key markets in the Middle East, Europe, the US and beyond. Egypt’s garment and textiles sector offers strong potential for international investors supported by skilled and cost-effective workforce which could contribute significantly to job creations.”

“At HSBC Egypt, we leverage our international reach and local expertise to help global businesses understand the market, gain timely insights and make confident investment decisions,” added Wilcox.

“Hong Kong and Egypt hold strong potential for collaboration in the garment and textiles sector. Through this mission, the HKTDC acknowledges the support of HSBC Egypt in helping to connect Hong Kong companies with the emerging opportunities in Egypt’s manufacturing landscape. Our goal is to equip businesses with direct market insights and cultivate partnerships that will strengthen the Egypt-Hong Kong business corridor,” said Iris Wong, director, merchandise trade and innovation and director, external relations, HKTDC.

“Egypt offers a compelling platform for export-oriented production and multiple free trade agreements. The country also benefits from a young workforce of 30 million with competitive wage levels and a suite of Free Zone incentives. With a complete vertically integrated apparel supply chain and a strategic geographical location, Egypt is becoming a key hub in Africa and the Middle East,” said Katherine Fang, mission leader and CEO, Fang Brothers Holdings Limited.

Fibre2Fashion News Desk (SG)



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Turkiye’s apparel exports ease 2.8% in Jan-Feb 2026

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Turkiye’s apparel exports ease 2.8% in Jan-Feb 2026




Turkiye’s apparel exports fell 2.88 per cent YoY to $2.599 billion in January-February 2026, pressured by weak EU demand, which accounts for nearly 70 per cent of shipments.
Knitted exports dipped 1.6 per cent, while woven declined 4.6 per cent.
Rising costs and currency volatility continue to erode competitiveness, extending a three-year export decline trend.



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India’s Tiruppur shifts to PNG amid LPG shortage in textile units

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India’s Tiruppur shifts to PNG amid LPG shortage in textile units



India’s leading textile hub Tiruppur is accelerating its shift towards piped natural gas (PNG) as industries respond to the ongoing LPG shortage triggered by geopolitical tensions in the Middle East, particularly the US–Israel–Iran conflict, while also aligning with tightening global sustainability norms.

During a session conducted jointly by the Tiruppur Exporters’ Association (TEA) and Adani Total Gas, K. M. Subramanian, President, TEA, highlighted that gas connectivity will become an essential requirement for industries in the coming years, adding that Adani Total Gas is prepared to accelerate PNG rollout in Tiruppur.

Tiruppur’s textile industry is accelerating its shift towards PNG as LPG shortages and rising energy costs disrupt operations.
With production costs up nearly 15 per cent and ESG compliance tightening, PNG is emerging as a reliable and cleaner alternative, helping exporters ensure supply stability, meet global standards, and sustain competitiveness.

He also pointed to upcoming Digital Product Passport (DPP) regulations which will mandate stricter digital monitoring and sustainability compliance across production processes under European ESG norms.

Kumar Duraiswami, Joint Secretary, TEA underscored PNG as a strategic necessity rather than a temporary alternative. He stated that the adoption of PNG is not merely a response to any temporary geopolitical situation, but an essential step as the global industry moves towards sustainable production.

He further noted that exporters to Europe will be required to comply with ESG norms within the next two years, necessitating a gradual shift away from fuels such as LPG and coal.

According to a TEA press release, industry concerns over rising costs were also flagged, with Subramanian noting that energy shortages have already pushed production costs up by nearly 15 per cent, creating operational challenges. He stressed the need for a stable and reliable gas supply to sustain Tiruppur’s large manufacturing ecosystem and urged faster implementation of PNG infrastructure.

Providing operational insights, K. R. Venkatesan, Cluster Head at Adani Total Gas, outlined PNG connectivity availability, registration procedures, and industrial pricing, while Karthik B, Joint Marketing Manager, elaborated on practical applications and addressed industry queries during the session.

Tiruppur’s move towards PNG reflects a broader transition in India’s textile sector, where cleaner energy adoption is becoming central to ensuring supply security, cost stability, and compliance with evolving global sustainability standards.

Fibre2Fashion News Desk (KUL)



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Vietnam’s economy up 7.83% YoY in Q1 2026: NSO

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Vietnam’s economy up 7.83% YoY in Q1 2026: NSO



Vietnam’s economy expanded by 7.83 per cent in the first quarter (Q1) of this year compared to 7.07 per cent during the corresponding quarter last year, as strong consumer demand and resilient manufacturing underpinned growth despite mounting global uncertainties, according to the National Statistics Office (NSO).

NSO director Nguyen Thi Huong told a press conference that the solid start offers a foundation to achieve full-year growth target even as global uncertainties loom.

Vietnam’s economy expanded by 7.83 per cent in Q1 2026 compared to 7.07 per cent in Q1 2025, as strong consumer demand and resilient manufacturing underpinned growth despite mounting global uncertainties.
Growth was broad-based across all major sectors.
Foreign trade activity picked up sharply.
Growth pressures could intensify in Q2 as the Middle East conflict drives up oil prices and input costs.

Growth was broad-based across all major sectors. The industry and construction sector grew by 8.92 per cent year on year (YoY), contributing 44.08 per cent to overall expansion, with processing and manufacturing continuing to act as the main engine after posting 9.73 per cent growth.

Foreign trade activity picked up sharply, with exports of goods and services rising by 19.85 per cent YoY and imports rising by 24.27 per cent YoY, reflecting stronger demand for raw materials, a domestic media outlet reported.

NSO, however, cautioned that growth pressures could intensify in the second quarter as the Middle East conflict drives up oil prices and input costs, increasing risks to supply chains and production.

Fibre2Fashion News Desk (DS)



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