Countries involved in the Belt and Road Initiative have taken on an increasingly important role in China's import and export sectors in the past two decades, according to a report released on Wednesday. From 1995 to 2016, the total value of imports and exports between China and the 65 countries involved in the initiative grew from $38.43 billion to $978.28 billion, the Report on International Trade and Investment Between China and Countries Along the Belt and Road says. The report, which w

Chairman of the Vietnam Textile and Apparel Association (Vitas), Vu Duc Giang said that, in the past a factory with 30,000 spindles for making thread required up to 450 labourers. In the wake of Industry 4.0, a factory of comparable size now requires only 30 labourers maximum. A worker of old could only run two machines simultaneously. Now, one worker can operate 8-10 machines or even up to 12 machines at once. Therefore, when the spectre of Industry 4.0 sweeps across, a huge volume of wor

The textile industry is awaiting the central government's decision on whether the new goods and services tax (GST) rate would be five per cent for segments presently not subject to any indirect tax or stick to one of 12 per cent. The sector provides direct employment to an estimated 45 million individuals and indirect jobs to another 60 million. And, is a tenth of the country's manufacturing. Textile commodities have a seven point weight in the Consumer Price Index. Observers say there is a

Large-sc­a­le manufacturing (LSM) grew 10.46 per cent in March on a year-on-year basis, the highest growth recorded in the last few years. March was the third month in 2016-17 that witnessed healthy LSM growth. Over 8pc growth was recorded in February and November each. Experts interpret it as the beginning of a revival in the industrial production. With higher-than-expe­cted growth in LSM, the government is likely to achieve the revised GDP growth target of 5.2pc for 2016-1

Regional textile industries hit hard due to surge in the cost of production and increasing competition from international players. Fluctuations in cotton prices and poor quality cotton in the region have also made trade difficult for textile mills. Industry experts said despite a drop in cotton prices, textile mills don't benefit. According to Suresh Maheshwari, owner of a textile mill, the textile market is in a depressive state. They are not competitive at an international level because cou

India’s spun yarn exports in March 2017 declined 47.6 per cent in volume terms and fell 39.3 per cent in value terms. Spun yarn (all kinds) shipments were at 64.55 million kg worth US$198.6 million, implying per unit realization of US$3.08 per kg which rose US cents 13 from previous month and were up US cents 42 as compared to March 2016. With Indian yarn imports declining significantly in China, Bangladesh emerged as the largest importer of spun yarns in terms of value in March. Bangladesh i

Department of Fashion Design, Graphic Era Hill University (GEHU), Dehradun, is collaborating with Denim Club India (DCI) to present 'Atelier de Couture' a fashion extravaganza on May 20, 2017. The presentation will be the first of its kind with focus on handloom denim with the use of natural indigenous and eco-friendly dyes and repurposed industrial denim. The one day event will begin with the unveiling of the collections and works of the students for the connoisseurs of design and industry e

DKTE Society's textile and engineering institute, located in Maharashtra, has recently signed a memorandum of understanding (MoU) with the Wuhan Textile University (WTU) of China. Both institutes have signed the MoU with an aim to facilitate faculty and student exchange, product developments, joint researches and organise workshops and training programmes. Selected students from the DKTE institute will get an opportunity to pursue masters course in the Chinese university with scholarships and

Sinterama, the international leader in production of polyester yarn, has partnered with Polygiene, the world leader in odour control and freshness technology to develop a 100 percent recycled fibre 'Newlife' which is imbued with permanent odour control technology during production, rather than having a standard topical application in the yarn and fabric finishing stages. Sinterama’s Newlife is a unique, complete and certified system of recycled polyester filament yarns coming from 100 percent

Lenzing, supplier of high-quality, botanic cellulose fibres, ranging from dissolving pulp to standard and specialty cellulose fibres, to the textile and nonwovens industry, has reported €586.2 million revenue in Q1 of 2017, up by 14.3 per cent in comparison to Q1 2016. It has succeeded in significantly improving first-quarter revenue and earnings. EBITDA was up 46.6 per cent to €135.1 million, corresponding to an EBITDA margin of 23 per cent in comparison to 18 per cent in the prior year peri