Powerloom sector in the country's biggest man-made fabric hub in Surat is facing tough times ahead with the yarn manufacturers have increased the prices by Rs 5 per kilogram in the last two weeks. Industry sources said that the leading spinners had revised the prices of polyester yarn between Rs 1.50 to Rs 2 per kilogram on July 31 following the record downfall of rupee against the dollar. Again the spinners announced price hike of Rs 2.50 per kilogram with effect from August 10. Sources sa

The apparel sector, going by the current scenario in the international business climate, has set itself a target of achieving five billion dollars in 2015 through garment exports, says Tuli Cooray, Secretary General of the Joint Apparel Association Forum (JAAF). Speaking of the apparel sector and the immense benefits the industry could accrue under this new regulation, the Secretary General said that the apparel sector alone would anticipate an additional foreign exchange turnover of $ 1 billi

Two new factories will be built from scratch in the space previously occupied by the old tissues company SATEC, said Saturdayin Kwanza Norte province, the municipal administrator of Cambambe, Francisco Manuel Diogo. In an interview to ANGOP, Francisco Diogo said that in the same location that used to house SATEC factory will be built two factories, one for fabrics and other for clothing. According to the source, the old structures have been demolished, and this time, the works have already beg

The spinning industry has expressed concern over the steep increase in the price of cotton. “The Government’s untimely announcement on granting permission to the Cotton Corporation of India to export the white fibre has sent the prices for a spin. "The price, which was hovering around Rs 36,000-38,000 a candy at the beginning of the season has swelled to Rs 48,000/candy in no time,” said K. Thirunavukkarasu, President, The South India Spinners Association. Fearing a repeat of the 2011 scena

Weaving sector expected to get 6% interest rate subvention, which currently stands at 5%. The Textile Ministry has sought more benefits for the weaving sector under the revised Technology Upgradation Fund Scheme (TUFS). On the other hand, spinning sector incentives are to be reduced. The scheme that was very popular in textile industry just a few years ago is being restructured and will be part of the next five year plan. The ministry is going to submit revised scheme proposal to the cabinet f

Cotton exports dropped by 31 per cent to 9.8 million bales in 2012-13 marketing year that ended last month, but imports rose slighly to 1.47 million bales in the same period, a report said. The world's second largest cotton producer is expected to import more natural fibre in the coming months, it noted. "Preliminary data suggests that exports reached 9.8 million bales through the end of July, the final month of the 2012-13 marketing year," the US Department of Agriculture ($A) said in its l

Kyrgyz businessmen has an opportunity to legally enter the Russian market. It is reported that In 2013, one of the largest trade fair centers in Russia is to be opened in Moscow. Organizers assure the center “Lotus City” will be one of the biggest center that has no analogues of trading platforms not only in Russia but also in the world. To talk about its benefits for the Kyrgyz businessmen, particularly in textile, chairman of the Moscow City Duma Vladimir Platonov, a sales representative of

Exports of the country's apparel products witnessed a robust growth of more than 26 per cent in July 2013, amid garment manufacturers' apprehension that their shipment orders might fall following the tragic Tazreen and Rana Plaza incidents that killed more than 1200 workers. Such a significant rise in the exports of readymade garments gave a boost to the country's overall export earnings by 24 per cent in July 2013 over that of July 2012, according to the data of Export Promotion Bureau (EPB) r

The Pakistan textile sector is anticipating a bumper cotton harvest due to the favourable weather conditions in the main cotton-growing Punjab and Sindh provinces. Government officials and textile industry representatives said timely rains would boost output. A report from the government’s cotton crop assessment committee has said Pakistan was likely to produce 13.255 million bales (of 170 kilograms each) in the fiscal year of 2014, ensuring cotton production would rise by 1.68 million bales

Cotton production in India, the world's second-biggest exporter, will climb to a record as above-average monsoon rainfall increased planting, Agricu-lture Minister Sharad Pawar said. "The growing areas have received very good rains," Pawar said in an interview yesterday. "Excessive rains in some areas will not impact the total output. Production should reach a record." The harvest was the highest ever at 35.2 million bales (1 bale=170 kg) in 2011-2012, according to agriculture ministry data. Pr