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The union textiles ministry wants to link the textile industry to be linked with Mahatma Gandhi National Rural Employment Guarantee Act or MNREGA with an objective to help attract skilled workers to the industry that is facing severe shortage of manpower.

Surat's fabrics, including saris and dress materials, have received an overwhelming response from international buyers at the three-day India International Fabric Expo-2013 held at Colombo in Sri Lanka on September 8. For the first time.

ICE cotton gained on Tuesday in heavy trading as a speculator-driven rally and worry over tight supplies in the United States, the world's top exporter, lifted fibre to a near five-month high. The most-active December cotton contract on ICE Futures US closed up 1.64 cent, or 1.8 percent, at 91.72 cents per lb after rallying to 92.54 cents. That was the highest price for the second month since mid-March when fibre prices clambered to one-year highs.

he weaving sector is expected to get six per cent interest rate subvention, up from the present five per cent The Union textiles ministry will propose a change in its Technology Upgradation Fund Scheme (Tufs), with a bit more help to the weaving sector and a bit less for the spinning segment. The revised scheme will go the Cabinet for approval. The weaving sector is expected to get six per cent interest rate subvention, up from the present five per cent. The textile commissioner's office, the administering authority for Tufs, has had several rounds of consultation on this.

Dependence on imported raw materials would be the biggest challenge to the Vietnamese garment industry when the Trans-Pacific Partnership (TPP) comes into force possibly by the end of this year, according to experts. The TPP's rule of origin requires nations to use a TPP member- produced yarn in textiles in order to receive duty-free access. Vietnam's garment and textile industry remains reliant on imported raw materials from many countries, which are not TPP members, including China.

Recent monsoon rains hit cotton quality slightly, causing increase in prices, dealers said on Tuesday. The official spot rate, after maintaining stable trend, showed an improvement of Rs 50 to Rs 6,600, they said. Prices of seed cotton per 40-kg in Sindh and Punjab fell by Rs 150 to Rs 2,700-3,850, they said. In the ready session, approx. 15,000 bales of cotton changed hands, between Rs 6,650-6,700, they said. Cotton analyst Naseem Usman said rains in cotton belt hit the cotton quality slightly, which may cause rise in prices in the coming days.

Nigeria has plans to export four shipments of Bonny Light crude oil next month, boosting monthly exports to around 1.94mn bpd A shipping list has revealed that Shell Petroleum Development Company (SPDC) will transport four shipments of Bonny Light grade, excluding condensates, to the international market. The country’s current export capacity is about 1.84mn bpd, less than 140,000 bpd allocated by the Organisation of Petroleum Exporting Countries (OPEC) as the country’s export quota.

Hockey India today announced Shiv Naresh as its apparel partner for the national team as well as the Hero Hockey India League. As a part of the partnership with Hockey India, Shiv Naresh will provide both on and off-field playing and training uniform ranging from training shorts and shirts to tracksuits and equipment bags to the teams. Source: PTI News .