Association of Italian Textile Machinery Manufacturers (ACIMIT) have inked a Memorandum of Understanding (MoU) with two textile bodies separately including the All Pakistan Textile Mills Association (APTMA) and Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) to promote and expand cooperation between Pakistan and Italian textile and apparel companies. Amir Fayyaz signed MoU on behalf of APTMA, PRGMEA Vice Chairman Tariq Javed Fiazi inked the MoU on behalf of Paki

China's exports in yuan terms ended previous drops to rise 5.9 percent year on year in November, while imports continued to pick up steam by increasing 13 percent, customs data showed on Thursday. Foreign trade volume reached 2.35 trillion yuan ($340 billion) in November, with trade surplus narrowing to 298 billion yuan, according to the General Administration of Customs (GAC). Trade volume for the first eleven months dropped 1.2 percent from a year earlier to 21.8 trillion yuan while tr

Government today admitted it may be "hard to achieve" the $48 billion target for textiles and garment exports for 2016-17, mainly because of less demand in major markets such as the US, EU and China. The overall exports of textiles and garments from India during 2015-16 was $40 billion, falling way short of the $47.5 billion target. Asked whether the target would be "hard to achieve" due to less demand from China, US and EU, Union Textiles Minister Smriti Irani replied in the affirmativ

Pakistan on Wednesday lifted an ‘undeclared’ ban on imports of ginned cotton from India, pledging to strictly implementing all phytosanitary and other conditions governing the fibre’s imports on future incoming shipments via surface or sea. Earlier, the Department of Plant Protection (DPP) of the Ministry of National Food Security and Research put cotton imports from India on hold through Wahga and Karachi port from Nov 23, saying the shipments did not fulfil phytosanitary conditions. Howe

A total of 20 companies, from more than 300 entries, were selected for the third best green fabric award at the 'China Fabrics Quality Competition' held on December 3. The event was held along with the 18th session of Shenzhen clothing OEM and accessories exhibition and the closing ceremony of the third session of the Shenzhen original design fashion week. During the thirteenth Five Year Plan period, the supply side of reform as a national strategy has greatly impacted the textile and garment

Research and development is the key to the growth of the textiles industry and the government has already invested in R&D in the textile machinery manufacturing sector, said textiles commissioner Kavita Gupta. She also added that India's textile industry can overtake China's in the near future as the former is more competitive in terms of labour and power. The government will also ensure a favourable business environment with policies and infrastructural support, said Gupta while address

Everest Textiles, Taiwan based maker of high performance sports apparel will invest $18.5 million over five years to bring a sports fabric weaving and finishing operation at a site in Forest City. This will create employment for 610 at the manufacturing facility. This was announced by Governor Pat McCrory, North Carolina Commerce Secretary John E. Skvarla, III, and the Economic Development Partnership of North Carolina (EDPNC). This innovation-based textile company has selected their state an

Cotton market in Pakistan witnessed improved trading activity due to renewed buying on Tuesday, dealers said. The official spot rate remained still at Rs 6250. As per the market sources, the spinners were seen indulged in fresh buying to replenish their stock. In Sindh, seed cotton prices were at Rs 2600-3300, while in Punjab, phutti rates remained at Rs 2800 and Rs 3550, as per 40 kg, dealers added. According to cotton analyst, Naseem Usman, prices of quality lint may maintain stable in

With the decline of cotton supply to textile units vis-a vis demonetization, the jute supply is also following a similar trend. The supply of raw jute to mills estimated a disruption in the sourcing of Rs 4,000-crore worth of the fibre from rural and secondary markets in the absence of a payment arrangement. The production of raw jute stands at 90 lakh bales so far this fiscal. According to industry sources, only 40-45 per cent of the output have reached the market.The conversion of raw jute

Council of All Pakistan Textile Associations (CAPTA) has appreciated the decision of the government to reduce gas tariff for the industry. The representatives of CAPTA in a meeting described it as a step in the right direction, which will reduce the cost of doing business and of manufacturing. The reduction in the cost was the dire need of export-oriented industry to become cost competitive at regional and international level, said press release here on Wednesday. The country’s competitors in th