Algerian-Turkish partnership agreement was signed on integrated textile complex project in south-western province, Relizane (300 km southwest of Algiers) on Thursday. The Minister of Industry and Mining Abdeslam Bouchouareb chaired the signing ceremony. The agreement was signed by the chief executive officer of the national public group of clothing industry CH, Mohamed Bouchama, and the CEO of the Turkish group, Taypa Mesut Toprak, specializing in textile. The complex project estimated at

Over the past couple of years, both the central government and the local government of Xinjiang Uygur Autonomous Region have staged a series of favorable policies to support the development of local textile and garment industry, attract textile and garment enterprises from outside Xinjiang to invest and set up mills in Xinjiang. All these efforts have promoted the fast development of local textile and garment industry. It is predicted that the local textile industry will have more than 10 millio

The recovery in spun yarn exports is here to stay. Continuing with the significant rebound in June, July too posted a higher growth. Export grew sharply by 35 per cent in volume terms while the rise in value term was 16 per cent. The growth again emerged from the retained momentum of imports of yarns by China from India. For the second month in a row, China’s import of Indian spun yarn jumped in July. However, overall unit value realization continued to inch down hovering in the range of US$2.93

Bangladesh’s RMG export in terms of volume has registered over 58% rise in last fiscal year, but the value was affected by retailers’ low price offer and devaluation of euro. According to Export Promotion Bureau data, the country exported 1.57bn units of apparel products to global market in FY2014-15 with 58.17% up from 993m units a year ago. Of the total RMG exports, woven products were 757m units compared 485m in the previous year and knitwear products amounted to 815m units compared to

Textile industry body Cotton Textiles Export Promotion Council (Texprocil) has urged the government to extend benefits for garments exporters some more time to help them compete with players in the countries India has signed free trade agreements (FTA) with. R K Dalmia, chairman of Texprocil, said that considering the infrastructural disabilities, cascading effect of un-rebated taxes, high cost of inputs and preferential benefits granted to our competitors, the government has to play an impor

Cotton prices rose for the second day on Saturday on the back of short supply of phutti (seed cotton) and sustained demand from spinners for quality lint. Floor brokers said there was panic buying from some spinners after first phutti arrivals report for the current cotton season shows a huge production shortfall of around 24 per cent. On the other hand, growers have started to hold back their phutti anticipating higher prices in the coming days. Similarly, phutti prices also moved higher

High domestic cotton prices and low polyester prices in China have made its cotton spinning sector less competitive and which is also the world's largest consumer of cotton. “The Cotlook A Index and the price of polyester in China were nearly equal during most of the 2000s, with cotton sometimes cheaper of the two,” the International Cotton Advisory Committee (ICAC) said in a press release.According to ICAC, the prices started diverging in 2009/10, and cotton prices have remained substantiall

Seed cotton (Phutti) equivalent to over 1,339,990 bales of cotton have reached ginneries across Pakistan as of September 1 showing 23.96 percent decline compared to corresponding period last year when ginneries received 1,762,282 bales, according to figures of cotton arrival up to September 1 issued by Pakistan Cotton Ginners Association (PCGA). According to the first fortnightly report issued by PCGA on Thursday, out of the total arrivals, 1.33 million bales of cotton have been converted in

Bangladesh’s exports of readymade garment products to the US market maintained a steady growth in recent months as the US economy is recovering from a recent slowdown and the buyers are regaining confidence in the Bangladeshi products with the improvement of compliance situation, exporters said. The RMG export earnings from the US market in the first seven months of this year grew by 8.51 per cent to $1.19 billion compared with that of $2.94 billion in the same period of last year, according

Bangladeshi RMG makers may have to set up manufacturing units if they want to establish any warehouse in India. The India auhority hinted at setting up of manufacturing units by the RMG business leaders during a meeting held in Gujarat between the two parites. “The Indian government hinted us at establishing manufacturing units for the sake of its interest, creating employment, if we want to open our warehouse there,” BGMEA Vice-President Shahidullah Azim told the Dhaka Tribune. Azim sa