Pakistan has exported textile made goods worth of $4.6 billion during four months (July-October) of the financial year 2014-2015 as against $4.7 billion of the corresponding period of the previous year registering decline of 1.54 percent due to the ongoing power crisis faced by the textile sector despite receiving GSP plus status from the European Union. The government was anticipating enhancing country’s exports by $1 billion annually following getting GSP plus status. However, things have m

The Indian suiting fabric specialist Raymond has recently launched a new collection of finest Italian suiting materials suited for both occasionwear and formalwear purposes. Meant for consumers with a taste for luxe global fashion, the premium line entitled Regio ITALIA features quality fabrics in five different blends including Wool silk, Super 180s, Super 150s, Super 130s and Super 120s.Available both in the form of lengths as well as swatch samples, the collection, which would be updated per

Vietnam’s garment maker Garment 10 Corporation (Garco 10) has offered Tanzania the opportunity to export unspecified quantity of cotton to the firm, according to the president of the company Giang Duc Vu, Tanzania DailyNews reported. The Hanoi-based garment maker is currently one of Vietnam’s foremost apparel companies.Giang said Garco 10 imports cotton from the United States and India, but is also ready to import from Tanzania.Giang assured Tanzanian President Jakaya Kikwete, who was on a two-

Leading mills and spinners continued normal buying on the cotton market on Friday in the process of trading, dealers said. The official spot rate resisted further decline by Rs 50 to Rs 4,800, they added. In the ready session, around 23,000 bales of cotton changed hands between Rs 4400-5100, they said. In Sindh, rates were unchanged at Rs 1600 and Rs 2400, in Punjab prices firmly held the overnight levels at Rs 2200 and Rs 2600, they said. According to the some analysts, 23 percent increase in

Bangladesh's annual cotton consumption will accelerate 50 percent to six million bales in four years as garment exports are on the rise, the International Cotton Association (ICA) said yesterday. Bangladeshi spinners now consume more than four million bales of imported cotton a year, with the growth in consumption rate being between 10 percent and 15 percent per annum. Jordan Lea, president of the ICA, the Liverpool-based policymaking body for cotton trade, said Bangladesh's garment indus

Heimtextil, which runs from January 14-17, 2015 will see a series of lectures on online retail and marketing and is aimed at retailers and interior furnishings specialists. Within the framework of the 'Webchance Academy', Heimtextil will provide information on successfully advertising and selling on the internet.Ecommerce experts will deliver lectures on current developments in online marketing, present practical examples and provide helpful suggestions for implementing the ideas.In Germany, on

Taking an initiative, the Prime Minister Nawaz Sharif on the demand of All Pakistan Textile Mills Association (APTMA) vowed to resolve the gas crisis without realizing the ground realities because gas is reportedly not available for the industrial sector. The Pakistan government on Tuesday once again failed to develop a strategy to provide uninterrupted gas supply to the textile sector to end the miseries of the industrialists. Sources in the Ministry of Petroleum and Natural Resources sa

Bangladeshi apparel products are losing orders over safety and compliance issues imposed after Rana Plaza tragedy and Tazreen Fashion fire incident. The declining trend is apprehended to be continued in the months to come unless measures are taken to boost up buyers’ confidence. Apparel exports are losing edge in the US market to its competitors namely Vietnam, Cambodia, India and Indonesia, as buyers have started cutting back their orders. For the seven months in a row, the country’s read

To take stock of the current cotton situation and Minimum Support Price (MSP) operations, the Minister of State (Independent Charge) Textiles Shri Santosh Kumar Gangwar today conducted a meeting. During the meeting, the Minister directed Cotton Corporation of to ensure: 1. Online payments be made to farmers' bank account as envisaged under Pradhan Mantri Jan Dhan Yojana. 2. Additional centres be opened immediately wherever required. 3. MSP operations be monitored closely on a daily basis. Shri

In order to boost overall sentiment in Indian apparel sector, the ministry of finances has for duty drawback purposes created a separate entry distinguishing certain export products such as cotton yarn of less than 50 counts or 50 or more counts; core spun cotton yarn containing three per cent or more of lycra /spandex/elastane, cotton blankets and flame-retardant fabrics based on their increasing international demand. “The demand was long-pending. Overall the rates for cotton textiles and th