Indian textile and apparel industry would have to work hard and address issues on timely delivery so as to reach four-fold increase in size to $200 billion by 2025 as recently claimed by a survey, industry experts said. To attain the projected figure, phenomenal impetus and radical transformation in the sector and lots of hard work is needed, experts said. More over productivity of the work force of the industry would have to be increased. According to a survey by management consultancy firm

The Japan Department Stores Association reported that nationwide sales in June (85 firms, 243 stores) increased by 7.2% over the same month of last year to 516,765 million yen, thus increasing for the second straight month. The increase was the sharpest since the 14.1% rise in March 2012. January-June sales rose by 2.3% over the year before to 3,002 billion yen. Factors increasing June sales were favorable weather throughout Japan during the month, and the facts that holidays numbered 1 day

According to provisional figures released from the China General Administration of Customs, January-June 2013 exports of textiles and apparel increased by 12.1% year-on-year to US$127,210 million. The growth was 10.5 percentage points greater than the year before, and the last time a double-digit growth was marked in the first half was two years ago. Exports of textiles rose by 10.1% to US$51,160 million, and those of apparel grew by 13.5% to US$76,050 million. June exports of textiles and a

China's crude oil imports from Iran were about 384,980 barrels per day in June, down 39 percent versus the same month a year ago, and down 31 percent from May, Chinese customs data showed on Monday. For the first six months of the year, Chinese imports of Iranian crude were about 424,183 bpd, down 1.9 percent versus the same year-ago period, the data showed. China's crude purchases from Tehran in the first half of last year fell nearly 21 percent from the same period in 2011 because of a con

China's crude oil output rose slightly year on year in the first half of 2013, according to data released by the country's top economic planner. The National Development and Reform Commission (NDRC) said in a statement that crude oil production stood at 103.31 million tonnes in the first six months, up 3.2 percent from the same period last year, reported Xinhua. The country refined 217.46 million tonnes of crude oil during the first half, up 6.6 percent year on year, while refined oil produc

The latest U.S. Department of Agriculture (USDA) projections indicate that world 2013/14 cotton production is forecast at 118.0 million bales, a 3-percent decrease from a year ago due to less favorable market conditions. Production decreases in major cotton growers such as China and the United States are expected to more than offset increases in others such as Brazil and India. Brazil is forecast to produce 7.0 million bales in 2013/14, up 21 percent from a year earlier. India and Pakistan

The Chinese textile industry as a whole needs to upgrade completely, said participants at the China Cotton and Textile Industry Development Forum held in New York. China has witnessed rapid economic development over the last 30 years, which has improved people’s standard of living, said Lei Zhaohui, deputy general manager of Hebei Shengyuan Textile Co. Ltd. As a result, Chinese textile enterprises are facing problems of high labour costs, while the costs of raw material and energy have

Despite the country's overall exports falling 4.56 percent in June-2013, the apparel exports have increased over 12 percent to USD 1240 million in June, informed the chairman of apex apparel export body in New Delhi. "Apparel exports touched of USD 1240 million in June 2013-14 with increase of 12.13 percent against the corresponding month of last financial year," Chairman AEPC, Dr. A Sakthivel told media on the sidelines of the 51st India international Garment Fair (IIGF) - 2014 opens up in Ne

Apparel maker Eclat Textile Co yesterday said sales should pick up sequentially in the second half of the year as the company starts delivery of winter sportswear. “Revenues are expected to increase year-on-year in the second half because winter products have higher average selling prices,” vice president Roger Lo said by telephone. The company’s positive outlook came after it resumed taking orders from Canada-based Lululemon Athletica Inc in May, as well as winning other new clients. Sale

Oil production in Saudi Arabia, the world's largest exporter of crude, rose to 9.657 million barrels a day in May, compared with 9.31 million barrels a day a month earlier, while exports edged 4.6% higher during the same period, official data showed Wednesday. The kingdom exported 7.789 million barrels a day of crude oil and condensate in May, up from 7.444 million barrels a day in April, according to figures posted on the Joint Organization Data Initiative, or JODI, website. JODI is sup