India's cotton textile industry needs interest rates subvention, re-calibrated product market matrix to include exports to emerging markets as exports are growing in developed markets from the countries with preferential access, said R K Dalmia, Chairman, The Cotton Textile Export Promotion Council (Texprocil). India's exports of cotton textiles in August 2015 registered a decline of 7.39% to $863.18 million as against $932.02 million in the same month last year. Exports of cotton textiles

A Chinese delegation to the India Carpet Expo at Varanasi has shown keen interest handmade carpets. The textiles Ministry now believes China could be a major market for Indian handmade carpets, according to an official statement. The Carpet Expo drew more than 350 overseas buyers, in addition to 276 buying representatives, in the first three days. A delegation from Yiwu city of China visited the Expo on an invitation from the Carpet Export Promotion Council (CEPC). Wang Bi Rong, Director G

Pakistan has lost an opportunity for increasing the global textile share, which in turn would have created thousands of jobs and a rise in exports worth billions of dollars. The Pakistani global textile share has fallen from 2.2% to 1.8%, while at the same time, the Indian global textile share rose from 3.4% to 4.7% and that the Bangladeshi global textile share rose from 1.9% to 3.3%. Pakistan Tehreek-e-Insaf (PTI) lawmaker Asad Umar on Tuesday flayed the incumbent regime for allowing Indian

The Vietnam - India textile cooperation conference was held on Monday in Ha Noi, on the occasion Doan Duy Khuong, vice chairman of the Viet Nam Chamber of Commerce and Industry (VCCI), said that India had great opportunities to provide raw materials for Vietnamese textile industry. Vietnam needs more than 500,000 tonnes of cotton per year to meet rising demand. The domestic garment and textile sector had to import a large quantity of cotton as the country's cotton output met only 1 per cent

Philippines is left with only five textile mills in the knitting business which also service finishing mills as more than 50 textile mills dead or dying due to excessive power costs and cheap fabrics from China. Out of the five textile mills, Asia Textile Mills owned by the group of Ong and Lee in Calamba, Laguna is enlivening with the help of Chuck Lazaro, who is now its industrial partner. Today, Asia Textiles is producing jeans made of abaca fiber. Abaca fiber as raw materials for jeans is

Spinning and weaving factories across the country suspended production on Wednesday in response to a ‘token’ one-day strike call of All Pakistan Textile Mills Association (Aptma) to press for early announcement of the proposed relief package for the textile sector. In Lahore, the textile factory-owners and workers wearing black armbands also set on fire Indian yarn and fabric outside the mills. There were reports of demonstrations by millers and textile workers from many cities. Aptma-Punj

A shorter winter in Europe coupled with the devaluation of the euro led sweater exports from Bangladesh to drop 3.54 percent last fiscal year, although exports of other apparel items rose. Bangladesh exported sweaters worth $2.82 billion in fiscal 2014-15 compared to $2.93 billion in the previous year, according to Export Promotion Bureau. Sweater exports have been fluctuating for the last few years for shorter winters in the West, especially Europe, exporters said. “Besides, customers

The Indonesia Investment Coordinating Board (BKPM) has launched a special desk to solve issues related to textile and footwear industries, as per Indonesian media reports. Many textile and footwear industries in Indonesia have been facing problems of layoffs and shutdowns due to economic slowdown. The special desk is expected to help these industries secure their businesses and prevent layoffs. “We received reports that 13 textile companies face problems, 8 of which plan to reduce product

Over the next 5 years, Vietnam's clothing and textile industry will be able to avail of loans up to $2 billion from the Bank for Investment and Development of Vietnam (BIDV)to increase their productivity and achieve their potential, a Vietnamese newspaper has reported. At a recent conference in Hanoi, BIDV Chairman Tran Bac Ha said, “BIDV has committed to providing loans of up to $2 billion to support domestic companies in the clothing and textile industry over the next five-years.” He als

Pakistan Japan Textile Day was organised by The Japan International Cooperation Agency (JICA) and Trade Development Authority of Pakistan (TDAP) on October 12, 2015 with several business generating events for the Pakistan textile industry such as workshop/seminar, B2B Meetings, Networking Reception in Lahore for the upcoming Japanese textile delegation to Pakistan. The delegation comprises experienced Japanese buyers. Addressing the textile event, Japan Textile Importers Association (JTIA) Se