India's apparel exports are expected to decline by over 10.5 per cent to $12.5 billion in 2012-13 as there is a demand slowdown in major markets like the US and Europe. The government had earlier fixed the garment exports target at $18 billion for the current fiscal, ending on March 31. "Garment exports stood at about $14 billion in 2011-12. At the end of the current fiscal, we think garment exports will be around $12.5 billion due to less demand in western markets," an Apparel Export Promotio

Garment exports are on track to exceed US$1 billion for the fiscal year ending this month as the industry prepares for a makeover to gain access to western markets, officials from the Myanmar Garment Manufacturers Association said. Freight-on-board textile exports reached $848 million as of the December, while CMP – cutting, manufacture and packaging – textile exports were $98 million, association members said. “Prices are up this year and foreign investors are looking to invest in the texti

The concessions were sought by Sri Lanka during the visit of Anand Sharma, Minister of Commerce, Industry and Textiles, Government of India to Sri Lanka from last year. Sri Lanka had made a request that, in respect of the export of Sri Lankan garments to India under the India-Sri Lanka Free Trade Agreement, the condition of sourcing of fabric from India for 5 million pieces be removed so that the total quota for duty free apparel exports from Sri Lanka to India becomes 8 million pieces, without

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the 9,100 bales of South Island wool at auction this week saw an 89 percent clearance with a relatively strong showing despite the substantially higher NZ dollar compared to the trading currencies. The weighted indicator for the main trading currencies compared to the last sale on 21st March was 2.02 percent higher. The Euro was particularly affected with a 2.55 percent change. Mr Dawson advises th

Full beauty, a revolutionary plus-size lingerie website that is part of OSP Group, has launched the Comfort Choice Swim Bra, designed to offer the perfect support and lift with any style swimsuit. The new Comfort Choice swim bra by fullbeauty is so smooth that it cannot be seen under a swimsuit. This innovative bra features thin, quick-drying foam cups that dry as fast as a swimsuit, multiple eyelets so that the straps can be hooked countless ways to wear with every swimsuit style, an underwi

Zero-rated apparel textile sector doubts whether Federal Board of Revenue (FBR) consulted with the Ministry of Textile Industry, Ministry of Commerce and Ministry of Industries on the two percent sales tax imposition. Pakistan Hosiery Manufacturers and Exporters Association (PHMA) dispatched letters to the Ministry of Textile Industry, Ministry of Commerce and Ministry of Industries, showing wonder at whether the FBR has consulted with these ministries on the relevant SRO. The association said

Anand Sharma, Minister of Commerce, Industry & Textiles, Government of India is seen with Rishad Bathiyutheen Sri Lanka’s Minister of Industry & Commerce during his visit to Colombo from 3-5 August, 2012Indian High Commission in Colombo revealed that Government of India has approved the Sri Lankan request for removal of the fabric sourcing condition; thereby bring to 8 million pieces the number of garments that can be exported from Sri Lanka to India duty-free, under the terms of the bil

Companhia Providência, one of Brazil's largest nonwovens producers,has completed work on its 13th production line—its second in the U.S.—in Statesville, NC. With this new machine, Providência will add 20,000 tons of nonwoven per year to it local production, doubling the site capacity to answer the demand for high technology products destined to the disposable hygiene market including infant and geriatric diapers, sanitary pads and others and for medical use such as aprons and surgical fields.

Trade turnover of cotton fell with its prices staying firm after ginners refused to sell the commodity at lower rates, a dealer said on Thursday. “Ginners refused to sell cotton at lower prices,” Taqi Abbas, a broker at the Karachi Cotton Exchange (KCE), said. “The situation resulted in low trade turnover.” The recovery in the commodity’s price at New York cotton market kept the local ginners optimistic about selling the commodity at higher rates. The depleting stocks of fine quality cotton

During the reported week the sharp rise of Futures in New York turned before going up again on Tuesday. Spinning mills were frequently testing prices, but at the local market quotations remained rather tight influenced by the weak Euro and the limited offers for attractive and deliverable qualities. Opposite to the market outside of Europe the business was slow and contracts negotiated most of all for back to back. The turnover was concentrated on Central Asian and West African cotton for the 2