SINGAPORE: The Singapore textile and fashion industry will get a fresh boost from new government initiatives expected over the next three years. The projects will help the industry generate an additional S$400 million in revenue and create an additional S$105 million in value add. This was announced at an industry event on Tuesday evening. In the next three years, fashion houses and the garment industry will get projects costing S$11 million through the Local Enterprise & Association

ISLAMABAD: The Trading Corporation of Pakistan has been barred from offering its cotton stock to the local textile industry at least in February when the growers are yet to dispose of their fresh crop. Sources said the decision to this effect was taken at a meeting here early this week with Prime Minister Shaukat Aziz in the chair and attended by Commerce Minister Humayun Akhtar, Textile Minister Mushtaq Cheema, Industries and Production Minister Jahangir Tareen, Food Minister Sikandar Khan B

Minister for Textile and Jute Shajahan Siraj yesterday called upon both local and foreign entrepreneurs to invest in the country's textile industry, particularly in woven sub-sector, to face the challenges of quota-free global market. "We'll have to develop the woven sub-sector to help the garments industry survive in the quota-free world," he said at his inaugural speech at the four-day long textile and RMG machinery show at Bangladesh-China Friendship Conference Centre. Some 236 exhibito

The quarter ended December ?5 has brought good news for the textile industry. After witnessing a contraction in profit in the previous quarter, textile majors have recorded an expansion in both operating and net margins. This has been accompanied by both topline and bottomline growths. A major reason for margin expansion has been the decline in raw material prices, particularly cotton prices. An ETIG analysis of financial results of some companies like Mahavir Spinning, Indo Rama Synthetics,

Textile industry of Syria was able to achieve profits for the first time this year, due to inflow of new investments in this industry for past five years, said Jamal- al-Omar Director General of Syrian Textile Industries' Establishment.Jamal al-Omar explained the importance of textile industry which contributed to the national economy.He hoped that textile industry will be able to compete with other industries in Syria as well as other markets abroad, in the coming years. Textile industry, consi

China's per capita fibre consumption increased to 13 kg, up five kilograms during the past five years compared to 8 kg level, up from 4.1kg during the 20 year period between 1980-2000, reported China Chamber of Commerce for Import and Export of Textiles. China's textile industry progressed rapidly between the periods 2001-2005 with over 100 million Chinese farmers involved in agricultural products related to textile production. Net export of China's textile industry reached $80.58 billion

Significant rise in the export of cotton has been registered by Argentina last year. For 2005, cotton exports stood at 129,768,480 pound bales recording a massive 200 percent increase, year on year basis and the highest since 2001. Argentine cotton finds favor with Chile's denim fabric producers who patronize it in a big way.Chile also emerged as top destination for Argentine cotton with purchase of 42,696,480 pound bales.Thailand, Turkey, Vietnam and Taiwan were other leading destinations for A

The International Textile Manufacturers' Federation (ITMF) will hold an annual global conference in Sri Lanka in September at the invitation of the Fabric Apparel Accessory Manufacturers' Association of Sri Lanka, Daily News reported Monday. The conference based on "A textile world for big and small" will provide a platform for Sri Lanka to be in the spotlight of the global apparel industry and showcase Sri Lanka's strengths in the apparel business. This year's conference will attract ma

Australian Wool Innovation Limited conveyed that Italy's economy appeared to be flirting with recovery since the latter part of 2005. However, growth into 2006 is expected to be anaemic at best, primarily due to the steady deterioration of its export competitiveness rather than flagging domestic consumption.According to the Italy's Istituto Nazionale di Statistica, domestic consumption began a moderate lift in October 2005, while clothing sales, in nominal terms, lifted more buoyantly to record

The figure represents an increase of 65% over January 2005, when only $92mil worth of products were exported. The inter-ministries saw the export turnover as an encouraging result, especially considering that Vietnamese enterprises could not take the initiative in their production plans as they were facing difficulties related to borrowing from 2006? quotas in 2005 as a result of the tardiness of the ATC (agreement on textile and clothing) extension. However, thanks to flexibility in quot