Bangladesh businesses have proposed to set up a textile park in the Indian state of Gujarat, reports Times of India. They plan to set up the park in Kadi near Ahmedabad with an initial investment of Rs 240-300 crore. To begin with, the park will have spinning units with cumulative capacity of 1 lakh spindles. Bangladesh has sought around 100 acres of land from the state government for the project. Last month, a high level trade delegation comprising representatives of the Federation

The Indonesia government aware of the threat from Trans Pacific Partnership (TPP) toward its manufacturing products especially textile and textile products (TPT) would be focusing on strengthening the competitiveness of the national industry before joining the free trade pact, TPP, said Indonesian Trade Minister Thomas Lembong on Friday. According to the Indonesian Textile Association (API) data, Indonesia exported textile and textile products worth US$12 billion last year. The biggest market

The Indian textile industry has started facing problem as competing nations like Pakistan, Vietnam, Cambodia, South Korea, Bangladesh started getting larger benefits and open window market access. Textile industry to enhance its exports wants low tariffs or duty free access. C K Narayanasaami, Chairman, SIMA Cotton Development & Research Association and K Selvaraju, Secretary General, Southern India Mills' Association (SIMA) met the Commerce minister Nirmala Sitharaman during her visit t

The textile industry has decided to observe a ‘Black Day’ on Wednesday against the delay in announcement of a relief package promised by Prime Minister Nawaz Sharif last month. Around 400 members of the All Pakistan Textile Mills Association (Aptma) will keep their factories closed to protest against the high cost of inputs including energy and delay in the announcement of an incentives package. In a hurriedly called press conference, Aptma Central Chairman Tariq Saud urged the governmen

The new Chairman of the All-Pakistan Textile Mills Association (APTMA) Tariq Saud has that six major sub-sectors of textile industry have closed down owing to energy crisis, high cost of doing business and inconsistency in government policies, Pakistani newspapers have reported. He said around 30 per cent or $3,467 million worth of the textile industry’s production capacity is not operating which was negatively impacting export growth. “Due to underperformance of the textile industry, he s

Vietnam, one of the biggest garment exporters in the world with $24 billion worth of exports in 2014 and to put out such big volume of goods the industry needs 6.5 billion meters of cloth more a year. In order to make out the volume of cloth, it will also need $6.5 billion worth of investment capital, 60 percent of which would be spent on machines, according Nguyen Van Tuan, deputy chair of the Vietnam Textile and Apparel Association (Vinatas). This means that Vietnam would need $3.9 billion

The size of the Indian textile machinery industry is poised to double to Rs 45,000 crore by 2022 from the present Rs22,000 crore in light of new projects and emphasis on setting up textile parks, said Sanjay Lathia, Chairman of India International Textile Machinery Exhibitions. Modi government's 'Make in India' programme is also expected to help the textile sector by way of increase in demand for modern machineries. The country has the potential to become manufacturing hub in the textile

The export-oriented industry, especially the value-added textile exporters, is facing serious financial crisis, as the present government has not issued a single installment of billions of rupees income tax and sales tax refunds stuck up with the Federal Board of Revenue. The Ferozepur Road Welfare Industrial Organization (FRWO) former chairman Adeeb Iqbal Sheikh appealed to the government to issue instructions to the FBR for releasing cheques against all the pending refund claims in order to

Jute exporters and spinners have alleged a section of traders has created an artificial crisis of raw jute amid lack of government monitoring. The exporters and spinners have said that they are facing raw jute crisis as a government directive regarding stocking and supply of the product is not being implemented properly that provides a section of traders with an opportunity to stock raw jute beyond permitted volume. In a meeting with the jute sector leaders on production and supply situation

The textile industry has asked the Centre to extend the 3% interest subvention for all textile products so as to enhance exports. C K Narayanasaami, Chairman, SIMA Cotton Development & Research Association and K Selvaraju, Secretary General, Southern India Mills' Association (SIMA) met the Commerce minister Nirmala Sitharaman during her visit to Coimbatore and handed over a 10 point memorandum with the industry's demands. The industry said it wants MEIS scheme benefits to be extended t