Trading activity could not gain momentum on the cotton market on Wednesday as most spinners are waiting for the arrival of new crop. Cotton experts believe that increase in temperature during night hours will put adverse impact on this year’s cotton crop production. They said that banning early sowing in Punjab bore fruit as there were no hot spots of jassid and pink bollworm on the cotton crop sown later. The Punjab government has decided to provide cotton sheets to the farmers for con

AIMPLAS, a research institute, has taken initiative to produce biodegradable fabrics. Its FIBFAB project aims to develop 100 per cent bio-based and biodegradable clothing that meets the mechanical and performance requirements of the textile sector with the technology developed in previous EU projects to enhance the final polylactic acid (PLA) crystallinity. The FIBFAB project has been initiated to successfully launch and industrialise the production of biodegradable and sustainable PLA based

Garment imports likely to become five to six percent cheaper than locally made apparel despite the goods and services tax providing input credits to the textile industry due to removal of the special additional duty (SAD), as GST subsumes all taxes including protections. Apparel imports are subject to a countervailing duty (CVD) of six percent on cotton and 12.5 percent on polyester, which importers receive as a central value added tax credit. The CVD is optional at a flat two percent if the

The Central government’s decision to cut the levy of import duty and GST from 29 percent to 16 percent on all imported blankets and fabrics will leave over four crore workers engaged in the country’s textile and mink blanket manufacturing units with a dreary future. These units produce nearly 1.5 lakh mink blankets every day, out of which 15 percent are exported to North America, Europe, Russia and Australia. The GST Council’s decision to decrease the customs duty and other taxes under the GS

Kingbird, a global leader in manufacturing yarns and threads in China, has launched its high tenacity polyester yarns in the North American and European Markets. These multifilament polyester sewing threads are manufactured from the best quality raw material to guarantee stable and high speed stitching. Jessica Lee, Kingbird's Product Manager said that all their clients in North America and Europe can now access their super low shrinkage, low shrinkage and normal shrinkage, high tenacity poly

Claiming that the the confusion over tax rates on job work on garments has not been addressed, the textile industry has knocked the doors of the Ministry, seeking a clarification on the issue. At the June 11 meeting, the GST Council had said that services by way of job work on textile yarns (other than man-made and filament) and textile fabrics would be brought down to five per cent from 18 per cent But the textile sector thinks that processes such as stitching, printing, embroidery mig

Bangladesh's cotton import will creep up to 7.1 million bales in 2017-18, further consolidating its position as the world's largest importer of the fibre, according to the United States Department of Agriculture. In 2016-17, 7 million bales are expected to be imported. One bale equals 480 pounds or 218 kg, and the cotton year begins on August 1 and ends on July 31. Local growers can only supply less than 3 percent of yearly demand, leading to the imports worth over $3 billion. Banglades

All Pakistan Textile Mills Association (APTMA) has urged the Pakistan government to improve liquidity of the textile industry by releasing the pending benefits by August 14, 2017. Around 60 per cent of the country's foreign exchange is earned through the exports of the items related to the textiles, said the vice chairman of APTMA, Zahid Mazhar. In order to revive the production of cotton crop in the country, the government should ensure that there is easy availability of raw materials withou

Knitwear apparel exporters from the Tiruppur cluster are keen on developing and marketing wool-based products, considering that there is a huge potential for them in the global market, according to The Woolmark Company. The company recently conducted a secondary level workshop to impart knowledge about merino wool to exporters and manufacturers. The Woolmark Company had also conducted a workshop in Tiruppur on the natural properties of merino wool in June last year. A few companies from the c

The Ministry of Trade and Industry revealed that the country imported 3.3 million USD worth of fabrics in the first four months of 2017, up 6.75 percent from the same period last year, largely because Vietnamese-made fabrics are still below the standards of foreign markets. The fabrics were mostly originated from Asian countries, with China accounting for 52 percent of the imports. Once the EU-Vietnam Free Trade Agreement comes into force, the EU will eliminate tariffs on textile and garme