Satec, in northern Cuanza Norte province, Textang II, in Luanda, and Africa Têxtil, in Benguela, which are industrial complexes rehabilitated under the country's industrialization programme gearing up to launch large scale fine cotton production with an intention to feed on a permanent basis to its textile industries. According to the minister of Agriculture, Afonso Pedro Canga, some private investors are designing their projects to launch the production of the raw material for the textile in

India has helped Egypt upgrade one of its largest vocational textile training centres with a $1 million support to equip the centre with latest technologies. “Egypt was identified by India as one of the countries for setting up of a vocational training centre (VTC) at the India-Africa Forum Summit with an outlay of $1 million,” the Indian Embassy in Cairo said in a statement. The upgraded centre in Shoubra El Kheima, Cairo, was inaugurated by Indian ambassador to Egypt Sanjay Bhattacharyya

Duong Hong Nhung, secretary of the Vietnam Leather, Footwear and Handbag Association (Lefaso), said at the 18th international footwear exhibition held in mid-July that the production cost in Vietnam was high because Vietnamese shoemakers had to import most of the materials they need. They also find it hard to access capital sources at reasonable costs. Le Dinh Dang, sales & marketing director of Viet Khanh Phu, a handbag, wallet and belt maker, confirmed that Vietnamese producers could

China's full-year exports are likely to see a bigger drop than last year as downward economic pressures remain in place, a senior analyst at a government think tank said on Friday. "Besides weak external demand, the country is suffering a hard time now," Long Guoqiang, deputy director of the Development Research Center of the State Council, told a news conference in Beijing. He indicated traditional advantages enjoyed in previous years, such as relatively low-cost labor-intensive manuf

Strong demand for quality cotton pushed prices higher on Saturday where most of the buying originated from Punjab spinners. The undertone remained firm and outlook optimistic. Floor brokers said that currently around 70 per cent demand for cotton was originating from Punjab-based spinners and only 30pc by the Sindh industry. However, world cotton markets once again gave mixed trend with New York and India coming under renewed selling pressure. The Chinese market, on the other hand, remaine

India's cotton production in 2015-16 has declined to 338 lakh bales (one bale of 170 kg each), down 12.4 percent from 386 lakh bales in the previous year, to hit a six-year low, according to last month's update of Cotton Advisory Board (CAB). According to the Union agriculture ministry, area under cotton as on August 5 was 96.48 lakh hectare as against 105.68 lakh hectare a year ago. So the cotton production in the country is expected to hit a seven-year low in 2016-17 because of a reduction

Fifteen textile and garment enterprises from the Xinjiang Uygur Autonomous Region in China have signed agreements with 14 financial institutions to raise 10.4 billion yuan. The amount was raised during the third match-making meeting held between financial institutions and textile and apparel enterprises from the province. In 2014, 3.2 billion yuan was lent by financial institutions to textile enterprises in the province following a match-making meeting. Last year, the amount raised was 4.6

The ministry of finance, Government of India, has imposed anti-dumping duty ranging between $0.180 and $0.194 per kilogram on 'viscose staple fibre (VSF) excluding bamboo fibre' imports from China. The revenue department of the ministry of finance has announced levying of anti-dumping duty ranging from $0.103 to $0.512 per kilogram on 'VSF excluding bamboo fibre' imports from Indonesia. The duty, which would be in place for five years, has been imposed following recommendation of the desi

The Tunisian textile industry’s local production that currently accounts for only 20 percent of the goods available for purchase on the local market is threatened by uncontrolled imports and smuggling, said Habib Hzami, general secretary of the general federation of textile, clothing and leather and footwear at the Tunisian General Labour Union (UGTT), on Sunday. He added that more than 300 companies operating in textile, clothing, leather and footwear were closed during the last five years a

The Chinese economy is showing signs of stability but domestic demand remains fragile. China's consumer price index (CPI) grew 1.8 percent year on year in July, virtually unchanged from 1.9 percent in June, while the producer price index (PPI), which measures costs of goods at the factory gate, dropped 1.7 percent, the National Bureau of Statistics announced Tuesday. Inflation remained benign, with no immediate pressure for a raise in interest rates. PPI continued what has become 52 months