The Indian denim industry is looking to gradually increase its share of exports from its current 35%. Experts feel that the industry will have to increase its capacity by another 300 million metres. The sector’s current share of domestic sales is 65%. "Historically, denim has been one of the fastest growing apparel fabric segments, having grown by 500 million metres from 700 million metres in 2010 to 1.2 billion in 2015. Yet, there is a gap of another 300 million metres in India if the denim

China, the world's No 2 cotton producer, is targeting a 6.5 percent reduction in cotton cultivation in its top growing region this year, as it attempts to create conditions more favourable to a release of some of its huge state stocks. China's north-western Xinjiang region, producer of more than 60 percent of the nation's cotton, will reduce planting of the fibre by 1.5 million mu, or 100,000 hectares, to 23 million mu in 2016, according to local media reports citing an agriculture work conferen

Blighted by pest, drought and unseasonal rain, Pakistan's low cotton output this year will hit the country's exports, experts fear. The Pakistan Businessmen and Intellectuals Forum (PBIF) has said low cotton output was hurting millions of cotton farmers which would ultimately affect exports and gross domestic product (GDP). The country would miss the target of cotton production by 4.6 million bales necessitating imports worth $4 billion to keep textile industry running which would hit balance o

The Vietnam National Textile and Garment Group (Vinatex) will strive to raise the local content of its products to 60 percent as of 2018, the year when the TPP and the Vietnam-EU FTA are expected to take effect. Chairman of Vinatex Tran Quang Nghi said only by doing so can the group meet the requirements of these two new-generation FTAs in order to fully benefit from preferential tariffs. Towards the goal, the group recently put into operation two yarn making factories and a dyeing-weaving

Export value of the domestic leather and footwear industry could grow between 15 per cent and 20 per cent this year due to opportunities from free trade agreements (FTAs). At a conference on production, export and import of leather and footwear in Ha Noi yesterday by the Viet Nam Leather and Footwear Association (Lefaso), Deputy Minister of Industry and Trade Ho Thi Kim Thoa said signing of negotiations on the Trans Pacific Partnership (TPP) deal and other FTAs would present more opportunitie

Northwest China's Xinjiang Uygur Autonomous Region plans to send 500 management staff and between 10,000 and 20,000 workers to train at inland textile and garment enterprises this year. After the training, they will return to Xinjiang to help boost the development of the textile and garment industry in the region, a leading producer of top-quality cotton in China. Xinjiang has sent 300 entrepreneurs and management staff, about 70 percent of whom are from ethnic minority groups, to receive

1 million textile jobs to be created by 2023 in the autonomous region The Youngor cotton spinning factory is one of the biggest employers in Aksu, an agricultural town on the edge of the Taklamakan desert in the Xinjiang Uygur autonomous region. Youngor, one of China's largest shirtmakers, opened the plant in 2011 to be closer to the main cotton-growing region in the Xinjiang region. Soon it will be joined by others: China wants to create 1 million textile jobs in Xinjiang by 2023. A

Stressed assets worth thousands of crores in textiles sector posing a threat to the banking system have eased over past few months due to favourable policy suport from the government, industry experts said. At a deliberation on the 'Investment opportunities in Maharashtra in textiles sector' in Make in India summit here on Sunday, Dilip Jiwrajka, Managing Director of Alok Industries, said, "Stressed assets were created due to high interest rates. In early nineties, lots of investments were ma

AS the federal government and farmers mourn losses of the current cotton crop, the policymakers in Punjab are now more worried about the next one. According to some estimates, the province is running the risk of losing another 15-20pc area as growers are opting for alternative crops. The fears were reinforced by a recent meeting where cotton growers counted the factors leading to current crisis and sought solutions from the provincial policymakers. Out of five reasons for crop failure, a

In the last quarter of 2015, Italian textile machinery manufactures received a boost from their export markets, but in domestic markets, positive order trends received a setback. As per an Association of Italian Textile Machinery Manufacturers (ACIMIT) press release, the orders index for textile machinery grew during the fourth quarter of 2015, mainly due to a boost in exports. Based on the survey conducted by ACIMIT, during October-December 2015, the order intake for machinery manufacture