Indian textile and apparel industry is growing at the rate of 8-12%, and if the same growth is maintained or little higher, the industry is likely to get the double-digit growth during the FY15-16. As post the union budget, the economy will remain bullish because some of the fundamentals for economic growth are looking very good, according to Sanjay Behl, Chief Executive officer (Lifestyle business), Raymond. Sanjay Behl at a fashion show for the launch of Raymond Linen said that he is enthus

The country's import of jute fell off by over eight percent to $23.581 million during July-January 2015, according to official statistics. The country had imported $25.754 million of jute during July-January 2013-14, which was higher by $2.173 million as compared to the jute import during July-January 2014-15, Pakistan Bureau of Statistics say. In term of volume: the country's import of jute remained at 43,703 metric tons in July-January 2014-15, falling by 5626 metric tons or 11.41 percent

China's consumer inflation rebounded in February from a more-than-five-year low, official data showed Tuesday, but a plunge in factory gate prices added to persistent concerns about deflation in the world's second-largest economy. The 1.4 percent increase in the consumer price index (CPI) compared with a gain of 0.8 percent in January, according to National Bureau of Statistics (NBS) figures. The result, which exceeded the median forecast for a 1.0 percent gain in a survey of analysts by B

The first Pakistan Leather Show, besides portraying a positive image of the country, will be a good start to encourage the international buyers to come to Pakistan and benefit from the tremendous potential existing in the leather sector of the country. This was stated by the exhibitors of the three-day Leather Show held from March 6-8 at the Lahore International Expo Centre for the revival of the leather industry of Pakistan. Key federal government officials, foreign associations and diplo

Turkey, the second largest exporter of Pakistani handmade carpets, after striking Safeguard Measures Duty of 42. 2 percent on Pakistan's apparel imports in 2011, has now imposed another 50 percent custom duty on 130 Pakistani products including hand knotted carpets, leading to further decline in the already squeezed carpet export of about $128 million. The Pakistan Carpet Manufacturers and Exporters Association, in a letter written to Federal Minister of Commerce, has criticized the decisi

China’s exports picked up in the first two months of 2015, propelled by February’s exceptionally strong performance that was inflated by the timing of Lunar New Year, while a slide in imports pointed to persistent weakness in the economy. Data released by the General Administration of Customs on Sunday showed that China posted a record trade surplus of $60.6 billion last month. Exports rose 15 per cent during the January-February period from a year earlier, quickening from a 6.1 per cent

Pakistan, India and Bangladesh can become indispensable in the leather sector if they join hands, said the chairman of India Council of Leather Exports on Saturday. The three states have the biggest wealth of leather raw material and manufactured products, Muhammad Rafeeque Ahmad told newsmen after delivering a keynote speech at a group dialogue on ‘South Asia: Future Hub for Leather and Footwear’, arranged as part of the ongoing three-day Pakistan Mega Leather Show at Lahore’s Expo Centre.

Japan's economy grew less than initially thought in the final quarter of 2014, revised government data showed Monday, revealing an even weaker emergence from recession than previously believed. The poor data could put the Bank of Japan under pressure to launch more stimulus, economists said, as the world's third largest economy struggles to rid itself of two decades of lassitude. The Cabinet Office said the economy expanded just 0.4 percent in the October-December period from the previous

The European retailers will place orders for longer period in higher volume and increase price per unit of products to help their supplier factories in Bangladesh where remediation works are needed to maintain workplace safety, said their platform, The Accord on Fire and Building Safety in Bangladesh. The Accord in a monthly update report on Friday said it had developed a Financing Remediation Guidance for brands (retailers) and factories outlining suggested steps for both parties to ensure

Shares of Suryalata Spinning Mills were trading higher by 9% at Rs 166, extending its 22% rally in past two trading sessions on BSE, after the company engaged in textiles business plans to issue equity shares to the promoterson a preferential basis. “The board of directors of the company will meet on March 14, 2015, to consider and approve the preferential offer letter (PAS-4) for issue of 600,000 equity shares of Rs 10 each at an issue price of Rs 130 to promoters of the company,” Suryalata