The Tirupur Exporters' Association (TEA) has said the Tamil Nadu government's decision to form a consultative committee will help the industry. The State Textile Consultative Committee will be headed by textile minister Gokula Indira. TEA also welcomed the extension of state support of up to 25% of project estimates under its scheme for integrated textile processing development. "This was a major requirement for the improvement made in the process sector," said A Sakthivel, president, T

Vietnam garments and textile sector is viewed as one of the industries which will benefit the most from the Trans-Pacific Partnership (TPP), many businesses are striving hard to stay ahead to avail opportunities ushered in by TTP and have started proactively putting in place measures to be able to avail these opportunities such as investing in modern production lines, upgrading facilities, improving design and product quality and finding access to the market. Following the signing of the TPP

The Pakistan cotton market on Monday after an improvement in phutti supply, trading activity improved as exporters also took part due to slip in rates. Dealers said that the official spot rate sustained overnight level at Rs 4,550. While, cotton prices in Sindh were lower by Rs 50 to Rs 2300 and Rs 2400 and in Punjab rates at Rs 2200 and Rs 2400. In the ready business, over 16,000 bales of cotton changed hands between Rs 4600 and Rs 4700, dealers said. According to cotton analyst, Naseem

The three-day International Textile Asia Exhibition concluded on Monday. Business deals worth more than $300 million were struck at the exhibition, organised by the Pakistan Readymade Garments Manufacturers and Exporters Association at the Expo Centre with the collaboration of Ecommerce Gateway Pakistan. The exhibition booked orders worth $150 million on the first day, the organisers said. According to association’s chairman Ijaz Khokhar, 100,000 people visited the fair. He said tha

At a meeting held by the National Assembly of Pakistan and Standing Committee on Commerce, it was announced that the government is considering levying a 10 percent regulatory duty on raw and grey cotton to discourage the export of raw material in bulk. Siraj Mohammad Khan, chairman Standing Committee on Commerce, addressing office bearers and members of the Karachi Chamber of Commerce and Industry (KCCI), said that exporters of cotton would protest against such levy, but the proposal was in the

After China abandoned stockpiling last year and offered new subsidies connected to market prices, Chinese farmers have started to plant significantly more top quality cotton, known as extra-long staple (ELS) cotton. As the result China's production of ELS cotton, could be three times last year's crop in 2015/16, traders estimate, pressuring prices and demand from global exporters like the United States. ELS acreage hit 1.9 million mu, equivalent to 127,000 hectares, trade website Cncotton.co

Garment industry, Cambodia's largest foreign currency earner, has seen a 9% rise in exports in the first six months of 2015, according to the Chinese State’s News Agency-Xinhua. The Southeast Asian country exported apparel products in equivalent to $ 3 billion during the January-June period this year, up 9% from $ 2.74 billion over the same period last year, said the latest data of the Ministry of Commerce. Garment products accounted for 72.6% of the country's total exports, it added. Main

The depreciating rupee has prompted textile and apparel importers abroad to renegotiate the terms of their contracts with Indian exporters. Now, new contract orders are being deferred till the Indian currency stabilises. Since August 11, when the yuan started depreciating, the rupee has fallen 3.60 per cent to trade at 66.65 against the dollar early Monday. It has depreciated 5.52 per cent so far this year. Typically, depreciation in the rupee results in higher realisation of export-driven pr

Austria's Lenzing expects demand in China for its textile fibres to stay strong and help lift full-year results above last year's level, the company said on Tuesday. The world's biggest maker of cellulose fibre said it had almost doubled its earnings before interest and tax to 60.5 million euros ($69.30 million) in the first six months of 2015, thanks to healthy demand in the second quarter, more savings and a weaker euro. It also expected to improve full-year operating results compared to 2

Bangladesh will remain the top garment sourcing destination for global retailers at least for the next five years, and buyers will continue increasing purchase from the country, McKinsey & Company said in a report. During the period, the country's garment exports will grow 7-9 percent year-on-year, while India and Vietnam will be its nearest competitors, according to the survey report. The survey was conducted among 40 chief purchasing officers (CPOs) of top 40 international garment re