CHINA’S economy showed more signs of stabilizing in October, but disappointing retail sales growth clouded the outlook. In the first 10 months, fixed-asset investment rose 8.3 percent year on year, slightly ahead of market expectations, data from the National Bureau of Statistics showed yesterday. Investment by state-owned companies surged 20.5 percent, though the pace cooled slightly from the first nine months. In an encouraging sign, growth of private investment picked up to 2.9 perce

Garment business has taken a severe beating during the ongoing wedding season in the wake of demonetisation of high-denomination notes, a textile industry association official said on Sunday. "The garment business has been hit hard due to the shortage of currency notes," MP Garment Association spokesman Ajay Jain said. "We estimated garment sale of at least Rs 15 crore daily in the wedding season that is underway. But we are hardly doing 10 per cent of the estimated business," he rued.

Applied DNA Sciences, Inc., provider of DNA-based supply chain and anti-theft technologies, has reported on its progress in penetrating the American cotton industry with its botanical DNA-based supply chain solutions during the 2016 ginning season. In 2016, Applied DNA shipped orders for its SigNature T DNA concentrate to tag 93 million pounds of cotton. The total cotton tagged consists of previously announced orders to tag 50 million pounds of HomeGrown Lonestar, 10 million pounds of Acala c

Prices of Indian Shankar-6 cotton recorded a decline in the month of October, witnessing a drop from 85 cents/lb in the previous month to 72 cents/lb. In local terms, the movement was from 44,700 to 37,700 INR/candy, says a recent report. The China Cotton (CC 3128B) index was generally steady over the past month, maintaining levels around 103 cents/lb. “The movement in Indian prices over the past several months has been significant. Back in the spring, spot prices for Shankar-6 reached a low

The Telangana government has appealed Union textiles minister Smriti Irani to permit for setting up a mega textile park in the state. This is in addition to the existing demand for sanction of 12 handloom clusters. The state has also urged the textiles ministry to formulate a comprehensive welfare policy for the benefit of weavers in the country. KT Rama Rao, Telangana's minister for industries, IT and municipal administration, recently met Irani at a textile conference in New Delhi and put f

Uzbekistan has planned to start exporting ecological dyes for the textile industry. The scheme is set to be implemented by Indikim Group Company based in the Tashkent province of the country. The project for exporting dyes was launched back in 2014 after state joint stock company O'zbekyengilsanoat signed a memorandum with South Korean company Rainbow. The memorandum states that Rainbow will extract natural ecological dyes from agricultural plants for their use in the light industry in Uzbek

Aamir Fayyaz, chairman of the All Pakistan Textile Mills Association (APTMA), while doing a stocktaking of the industry, dwelled on its strengths and the operational constraints in its optimal performance. He said that the export-oriented industry contributed heavily to GDP, foreign exchange earnings and employment. The industry has reviewed the trade deficit that surged to $7 billion during the 1st quarter of the current fiscal year which was principally due to decline in exports. The ind

China’s exports and imports fell more than expected in October, with weak domestic and global demand adding to doubts that a pick-up in economic activity in the world’s largest trading nation can be sustained. October exports fell 7.3% from a year earlier, while imports shrank 1.4%, official data showed yesterday Indeed, China’s imports of iron ore, crude oil, coal and copper all fell in October, after its robust demand drove global prices of many major commodities higher this year. Thou

In order to give a boost to garment industry in the country and corner a larger pie of global textile market, India will have to focus on enhancing production capabilities of textile machinery. “There is a need for capacity enhancement in production of textile machinery in the country under Make in India initiative,” stated Smriti Irani, Textiles Minister, at the annual conference of state textiles ministers in New Delhi yesterday. Calling for a well-coordinated cohesive governance approach to

Indian textile and apparel exports to the US are likely to remain unaffected after Republican Donald Trump assumes presidency early next year. Trump, who is chairman and president of business conglomerate Trump Organisation, won 276 electoral votes, six more than the 270 needed to win the presidency, in the election results declared Tuesday night. “During the electoral campaigns, Trump had said that he will maintain strong relations with India. Let us hope that he puts it into action. Exporti