Federation of Indian Chambers of Commerce and Industry (FICCI) has sought a reduction in excise and customs duties in the forthcoming Budget to make Indian textile globally.In its pre-Budget memorandum, the chamber said excise duty on input and capital goods should be reduced to 8.16 percent from the current 16.32 percent. FICCI informed that the value addition in yarns are usually in the range of 35-40 percent over input costs, which results in unutilisation of Cenvat credit to the extent of Rs

The textile industry has been handed a blow after the European Union and the United States moved last week to further relax Chinese import quotas. A looming trade war with China forced the EU and US to relax the quotas agreed in May, which were meant to protect their domestic producers. Industry players have warned of further job losses in the textile industry, arguing that high production costs in Kenya are likely to price local products out of the export market. Jaswinder Bedi, chairman of

Putting fibre production to a new monthly record of 105,600 tons, China's additional new capacity came on line in September.This growth registered a 28.3 percent year-on-year expansion. China is the world's largest producer of viscose fiber.Since December 2004, China has been increasing its monthly viscose fibre production at a double-digit rate. From January to September, production of viscose fiber touched the mark of 824,400 tons; this showed 19 percent year-on-year growth.India, the second l

According to the sources the polyester prices and local polyester prices have come down from their October prices.In India, local prices of polyester 1.4 Denier SD is unaffected from October in rupee per kilogram terms, but came down from the equivalent of 69.16 U.S. cents per pound to 66.70 in U.S. dollar terms because of rupee declines against the U.S. dollar.In Asia, outside China, 1.4/1.5 Denier fiber is presently between 49.00 and 55.00 U.S. cents per pound; this shows a 2 to 3-cent drop fr

NEW DELHI: The worst fears of small textile exporting countries about the post-quota regime has come true. As predicted by industry experts, India and China have gained market share in the global pie for textile export at the expense of smaller exporters, including Pakistan and Bangladesh, since multi-fibre agreement ended on December 31 last year. India? two South Asian neighbours were initially expected to be spared the fate of their smaller counterparts of Asia, Africa and Latin America. The

Textile industry lobbyists in Washington, D.C., say U.S. restrictions on textile imports have helped push domestic production up slightly in the last few months. If the trend continues through the end of the year, 2005 would be the first time in three years that production numbers have edged upward. Domestic apparel production has also risen over the last few months, according to data from the American Manufacturing Trade Action Coalition, an industry group. "We do not believe that the incr

The long-awaited US-China textile agreement holds huge promise for the Indian textiles industry. Though the agreement provides for a progressive increase in textile exports from China until 2008, it would still cap growth at a far lower rate than that seen this year. The US, after five months of negotiations, has succeeded in placing a restriction on exports of 34 clothing and textile categories from China for a period of next three years. The deal broadly includes the term, to be effective fr

In many ways, fashion is about following trends. Think of all the women wearing velvet shrunken blazers with slim-leg jeans and stacked-heeled boots, carrying a studded hobo handbag. Sometimes, though, it's refreshing to see someone who rebels -- someone who wears something unique, something that can't be bought at the mall or even at a tony department store. If you want to be the only one in the room in that special dress, consider a vintage piece. The City Opera Thrift Shop in Manhattan hol

KARACHI: Leading industrialists of the country have expressed their concern over the deterioration in textile sector. They say that industry is working on negative margins and survival of value added textile industry in particular is at stake due to high cost of production, and exporters are relocating business to Bangladesh. Pakistan and Bangladesh had great specialty in textile and readymade garments respectively. Bangladesh has offered Pakistani industrialists to join hands in increasing expo

Volumes grew by 24% in first half of 2005, but rose 20% for nine months ended September. Textile exports from India to the US have grown at just 20.26 per cent during January-September this year in volume terms compared with the corresponding period of the previous year. This is much slower compared with the 24.18 per cent growth seen during January-June 2005 over the corresponding period in 2004. In value terms, the increase has been 25.63 per cent at $3.47 billion (Rs 1