The boom in the Indian textile industry has encouraged the industry to compete with China, Pakistan and Bangladesh. The speakers of 'Context - 06', a sumit on textile organised by the Indo-American Chamber of Commerce, said the textile industry needs to target the share of the textile consumption in the world, which is around 85 billion US dollars, including export of 50 billion US dollars and rest 35 billion US dollars must be consumed in the domestic market. The speakers said t

Korea imported more clothing than it exported for the first time last year. According to the Ministry of Commerce, Industry and Energy Sunday, the nation exported caps, gloves and other articles of clothing, which amounted to $3.56 billion, while importing products worth $3.65 billion. The shortfall amounted to $91 million. The ministry said that the nation had never recorded losses in clothing trade since the 1960s, when clothing exports served as one of the few dollar-earning industries.

There was a modest improvement in the value of Turkish textile exports in February. Apparel shipments are still lower than a year ago but the difference is not as bad compared with January. Production during the first month of the year was again at lower levels. In addition, the IMF has reacted to Turkey's VAT cut for textiles. The value of Turkish textiles and fibre exports were nearly 9 per cent higher in February compared with the same month last year, latest data from Turkey's Exporters'

U.K. retail sales rebounded in February, suggesting consumer spending may add to growth in Europe's second-biggest economy this year. Sales increased 0.5 percent from January, when they fell a revised 1.6 percent, the Office for National Statistics in London said today. The reading exceeded the median estimate in a survey of 35 economists by Bloomberg News for a 0.4 percent increase. Annual sales growth was 2.1 percent, up from a revised 1.2 percent in January. The Bank of England is countin

Federation of Tamil Nadu Yarn and Cloth Dyeing, Printing and Processing Associations appealed to the Government to grant power tariff concession to textile-related units as given to powerlooms to improve job prospects of people depending on textile business.Setting up of common effluent treatment plants for Erode units and other areas, and linking them to the sea as it would be difficult for each unit to set up a reverse osmosis plant, was suggested by them.A demand for hike in interest subsidy

Portuguese textile and clothing industry registered exports worth Euro4.118 billion recording a 6.7 percent fall in 2005, compared to 2004 at Euro4.118 billion. Clothing sector posted the highest decrease with export worth Euro2,556 billion in 2005, registering a 9.8 percent drop compared to 2004, stated CENESTAP Textile Observatory.Synthetic and artificial segment of the textile industry recorded an increase of 27 percent.Special and tufted cloth increased 20.6 percent and impregnated cloth ros

The textile industry in east China's Zhejiang Province reaped 18 billion yuan (US$2.25 billion) in profit last year, 25.6 percent more than that of the previous year. Despite foreign trade barriers and price increases for raw materials, the province exported US$24.4 billion worth of garments in 2005 and remained the largest exporter in China, followed by southern Guangdong Province. The garments exported accounted for 21.24 percent of the country's total in 2005. Observers said that Zhejia

Person in charge of MOFCOM Department of Bureau of Fair Trade for Imports and Exports commented on the cross-strait trade dispute on towel and said that the mainland noticed the fact that Taiwan announced to carry out anti-dumping investigation on towel from the Mainland on March 1, 2006 after the notice of Taiwan on September 26, 2005 on launching of investigation on mainland towel for special protection. We believed in settling the trade friction through negotiation with the gradual developmen

Apparel exporters insisted that the government should establish a central waste plant so that they can fulfill compliance issues.Exporters explained that the compliance was the key issue for apparel sector and as it was not possible to set up an advanced waste management plant in every factory, a central plant was practical.Various businessmen presented this proposal at an Export Promotion Bureau (EPB) at a meeting, which was attended by almost 52 organizations and was presided over by Mir Shaha

Zimbabwe's clothing and textile industry should adopt modern production processes to be competitive on the export market and achieve exclusiveness on the domestic front, a government official said on Tuesday. "Companies in the industry should ensure that they adopt effective production standards to keep the sector afloat," said the Small and Medium Enterprises Development Minister Sithembiso Nyoni. "It is very important that they adopt polices which are related to positive operations so