According to an analysis done by Southern Indian Mills Association (SIMA) the Indian textile sector and in particular, the spinning industry has witnessed growth in the last fiscal year 2013-14. As per the analysis, cotton consumption increased 8.86%, yarn production rose 8.79%, yarn deliveries climbed 7.94%, registrations for cotton yarn exports surged by 33% and month-end average stock of all yarns mounted by 15% in 2013-14. Cotton consumption by mills in Non-SSI and SSI sectors in 2013-

Cotton yarn export is on the decline this financial year, thanks to weak demand from China, the largest importer of India’s cotton yarn. The export fell to 99.92 million kg in April this financial year compared to 115.96 million kg during the same period last year, according to data released by Directorate General of Foreign Trade. The fall has continued even after April and stocks started piling up in the spinning mills, though mills have yet not reduced the production. Dollar appreciation a

Country's technical textiles market which is currently estimated at $14 billion is likely to reach a level of $32 billion by 2023, by diversifying towards non-woven technical textiles and forging global partnerships with counterparts, according to a study. The study conducted by PHD Chamber of Commerce released today further states that textiles and apparel industry size would balloon to $226 billion by 2023.Currently, Indian textiles and apparel industry is estimated to be worth $99 billion wh

Jute goods export from state-owned jute mills of Khulna-Jessore industrial belt has registered a sharp fall of 38.65 percent in the just concluded fiscal compared to its preceding fiscal. Industry insiders put the blame on lack of demand in global market, particularly the political instability in major importing countries. According to Bangladesh Jute Mills Corporation (BJMC), about 31,647-tonne jute goods was exported from nine state-run jute mills of the region till the first week of

The Department of Environment (DOE) fined on Thursday a dyeing factory for polluting environment and the surroundings by operating the factory in the restricted area without setting up an Effluent Treatment Plant (ETP). Director of DOE Md Alamgir fined Trust Knitwear Industries Limited at Bhabanipur area of Gazipur Sadar upazila Tk 76 lakh as part of regular anti-polluting drive. Assistant Director of DOE Hafizur Rahman said the authorities of Trust Knitwear Industries Limited have been oper

Korean investors are showing greater interest in Vietnam’s textile and garment sector. In early June, a big fibre manufacturing plant was launched in the southern province of Dong Nai, marking a growing presence of Korean investment in Vietnam’s textile and garment sector. The $52 million project, belonging to Dong-IL Vietnam Limited under the Dong-IL group, is located in Dong Nai’s Loc An-Binh Son Industrial Park and is Dong-IL’s first project in the country. The plant has an estimated

China's quality watchdog on Friday said that it had stopped 1,859 batches of unqualified clothing last year. Some 22,472 batches were examined in 2013, and 8.27 percent of them failed to meet the quality standards, the General Administration of Quality Supervision, Inspection and Quarantine (GAQSIQ) said in a report on its website. For labelling, safety or environmental protection reasons, the batches were either returned or destroyed, said the GAQSIQ. Source: Xinhua.

Senior Vice Chairman APTMA Akbar Seth has said the textile industry crisis is set to endanger the cotton economy, as reduction in productivity will make difficult for milers to procure cotton ahead. According to him, chances are high the cotton farmers will not be able to get even production cost if energy crisis persists for another month. The cotton farmers will set their crop ablaze in case they failed to get appropriate price. He was addressing a press conference on Wednesday evening along

Demand for cotton will remain stable in the country as Indian and Chinese investors are relocating their textile companies to Bangladesh, the Economist Intelligence Unit (EIU) said. Low costs will offer incentives for companies to relocate to Bangladesh, it said. Cotton consumption in Bangladesh moves largely in tandem with activity in the textile sector, which is currently booming, the EIU said. “After growing by an estimated 14.3 percent in 2012-13, we expect the consumption growth to

Higher ending stocks outside China and lower imports into China will put downward pressure on international prices in 2014/15. Additionally, world production is likely to exceed consumption in 2014/15, though by a lesser amount than in the past four seasons. As a result, world ending stocks are expected to rise by 6% to 21.4 million tons and the stock-to-use ratio would be 89%, or in other words there would be enough cotton stocks to cover consumption for nearly 11 months. This would be the fift