Chairman APTMA Punjab S M Tanveer has apprehended serious impact on commerce and industry if prevailing uncertainty in the country looms large. Specially, he said, the textile industry cannot sustain any kind of uncertainty for long due to its international exposure being an export-oriented industry. Also, millions of workers are affiliated with textile industry in Pakistan, which is also a major consumer of cotton within the country. He said continuity of economic activities in the country

Various stakeholders in the cotton industry, including traders and spinners, today discussed the challenges being faced by them. A two-day conference on 'Indian Cotton Scenario in the Current Context 2014-15' has been organised by the Indian Cotton Federation here. Dhiren Seth, President of Mumbai-based Cotton Association of India, said he wanted the industry to push and lobby for implementation of Goods and Service Tax, which "would revolutionise the entire industry". "Moreover, the

Cotton production is expected to cross 400 lakh bales next season (October 2014 to September 2015), according to trade representatives. Anand Popat, Secretary of Saurashtra Ginners’ Association, and Dilip Patel, President of All Gujarat Cotton Ginners’ Association, told The Hindu here on Wednesday that total cotton production next season was estimated to be 404 lakh bales. Since monsoon was delayed, cotton arrivals would be late by a month. Production in Gujarat was expected to be 135 lakh ba

The Dinh Vu Polyester Fibre Plant exported nearly 5,500 tonnes of products to the European market in its first three months of operation, according to the Ministry of Industry and Trade. The plant has so far produced 15,500 tonnes of products, more than 8,600 tonnes of which were sold. Product quality has been tested and is equal to that of Thai, Taiwanese and Chinese products. Covering 15 ha in Dinh Vu Industrial Park in the northern port city of Hai Phong, the US$325 million plant has a

The country is likely to miss cotton production target of 15.1 million bales set for the current season 2014-15 after failing to meet the sowing target by 6 per cent and attacks of sucking insects on the crop, official sources reveal. Sources in the Ministry of Textile Industry told Business Recorder that cotton sowing remained 6 per cent below the target however it was 4 per cent more than the last season. However, Cotton Commissioner Dr Abdullah said that as compared to the previous season

The Chief Minister of Tamil Nadu – Ms Jayalalitha has formulated a proposal under which small and medium sized fabric dyeing units from all over the state, affected by the pollution control order of the courts, would be shifted to a new clusters to be set up in Erode, Salem, Karur and Namakkal districts. Ms Jayalalitha announced an Rs 700 crore scheme for rehabilitation of small and medium dyeing units and textile industries while keeping pollution at a bay, The Hindu reported.“Big fabric dye

About a thousand workers of a garment factory in Beron of Ashulia observed work abstention yesterday demanding the factory authorities pay their salary of July and stop sacking workers, reports our Savar correspondent. Meanwhile, workers of garment factory Multifab Limited in Gazipur vandalised the factory and also observed work abstention demanding the authorities search for a worker who has been missing since Saturday. In Ashulia, workers of Yagi Bangladesh Garment Ltd claimed they used

The domestic leather and footwear industry is seeing positive signs in the market. Several leading footwear manufacturers such as Nike, Adidas and Puma have given their orders to Vietnamese firms, instead of the manufacturers in China and Bangladesh. Deputy Minister of Industry and Trade Do Thang Hai was quoted as saying by the online newspaper VnMedia.vn that most of the large local businesses in the sector have received orders from foreign countries for the first quarter of next year.

Information technology is one of the most vibrant industries in India, generating not just huge revenues and profits for the producers, but also jobs, especially in smaller cities and towns. India’s textile sector, which is the second-largest employer after agriculture, is poised to grow at an even faster pace if the government accepts the recommendations made by an expert panel. The Narendra Modi government has laid emphasis on the manufacturing sector and wants to encourage industry by pro

A Chinese company will cooperate with local firm Lat War to create a garment factory in Bago region – a US$20-million project expected to employ thousands of people. Sumec Textile & Light Co Ltd, the Chinese firm, and Lat War will rent a former paper factory from the Ministry of Industry in Yedashe Township, Bago, Dr Khin Maung Aye, the managing director of Lat War garment company, said. “We rent the Yaene paper factory for this garment factory. Total investment is around US$20 million