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Related Keywords: After successful two edition of BSTIM, Catalan textiles and clothing trade fair, home grown manufacturing, knitted textiles capital of Spain, now be held every two years, organizers decided trade fair, promote textile manufacturing of proximity, strengthen local industry, take place in February, Third edition of BSTIM, to suit sector demands

After the successful two edition of BSTIM, the Catalan textiles and clothing trade fair, the organizers has decided that the trade fair will now be held every two years to suit sector demands. The third edition of BSTIM will take place this February 2017 in Igualada, Spain’s knitted textiles capital. The main purpose of the trade fair is to promote “textile manufacturing of proximity” or homegrown manufacturing and strengthen the local industry.

Related Keywords: definitely impact Indian textile industry, different segments of textile industry, five percent under GST, focus on GST, Government already announced special packages, looking for a uniform duty, Made ups, new tax regime, rolled out from July this year, without exemptions for any segment of the value chain

The government has already announced special packages for different segments of the textile industry in June last year and for made ups (an article manufactured and/or stitched from any type of cloth, other than a garment) in December. But now the focus is on GST which is a new tax regime and it will definitely impact the Indian textile industry.

The industry was expecting a special package for powerloom sector to be announced shortly but they do not expect any major announcement in the budget, a spokesperson for the industry said.

Asian PTA prices gained US$12 a ton CFR China and CFR Southeast Asia in the first week of January. In China, offers for bonded PTA goods on one-day trip followed up US$10 a ton on the week.

Purified terephthalic acid prices rose in Asian markets as supply was tightening and demand from India had picked up again ahead of maintenance shutdown later this year and also in the recovery period following the demonetization crisis since November.

Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices

Related Keywords: Ajay Tamta, Assam state, assured all support, develop sericulture sector, development of mulberry, emphasizing socio-economic importance of sericulture, eri and muga sectors, make a dominant rural industry, Minister of state for textiles, Sericulture age old tradition, will be extended

Minister of State for Textiles Ajay Tamta has assured of all support will be extended to Assam state to develop its sericulture sector to make it a dominant rural industry, emphasizing the socio-economic importance of sericulture in sustaining the livelihood of rural population. Sericulture is an age-old tradition of Assam.

The Minister revealed that more than Rs 200 crore has been released for the State and that additional aid will be provided for developing infrastructure. Also, there is a need to explore the immense potential of the State in sericulture.

Related Keywords: Cotton yarn manufacturers, fresh investment drying up, led to overcapacity, local fabric makers slow down purchases, new capacity addition, next five years due, rapid growth, sharp decline in exports to China, slowdown investment

Cotton yarn manufacturers to slowdown investment in new capacity addition in the next five years due to sharp decline in exports to China, as local fabric makers slow down purchases.

Between FY12 and FY16, the sector added 7.3 million tonnes of manufacturing capacity. By the end of FY16, the manufacturing capacity in the country was 50 million spindles. The rapid growth, however, led to overcapacity, with fresh investment drying up.

Related Keywords: allow revival and reorganization, before policy can be force. little alternative to second hand clothes, Government relaxed ban on importation of second hand clothes, local textile industry struggling to produce, Textile and Clothing industry

Government has relaxed ban on importation of second hand clothes, to allow for revival and reorganization of the textile and clothing industry before the policy can be force. Also at present, there is little alternative to second hand clothes as the local textile industry is struggling to produce.

According to Industry Minister Mike Bimha, the policy on banning second hands clothes is there, but cannot be enforced at present.

Related Keywords: cotton bales, cotton prices soared, ginners reluctant to dispose stocks, new high level, no much expansion in trading volume, official spot rates, spinners and some exporters, Sustained demand for quality cotton, wide gap between demand and supply

On sustained demand for quality cotton from spinners and some exporters due to which cotton prices soared to a new high level on Wednesday. However, no much expansion see in the trading volume as ginners were reluctant to dispose of their stocks.

Buyers were not ready to cross a certain price limit, whereas sellers were eager to get best price due to wide gap between demand and supply.
The wide gap between consumption and production keeps spinners extremely worried about source of future supply of cotton to keep the industry wheels moving, brokers said.

In India, prices were revised down in the first week of January since acrylonitrile cost had subdued in December. Offers were revised down INR6 a kg (down US cents 9) on the week.

In China, medium-length fiber and cotton-type staple prices rolled over in the first week of January, however, were up US cents 2 a kg due to weak US$.

Related Keywords: acrylic staple fibre, acrylonitrile prices, ASF prices, asf prices in China, asf prices in India, asf prices in Pakistan

Asian ACN prices were up US$20 a ton CFR Far East Asia in the first week of January while Southeast Asia gained similarly on the week. In China, offers for offshore cargoes were up US$20 a ton during the week.

Acrylonitrile prices in Asian markets rose on stronger demand and tighter supply while CFR South Asia surged 15% although propylene costs rose marginally but down on the week. Downstream demand was stable as acrylic fiber suppliers ran at 96% capacity after sharp price increase. ABS sentiment were weak amid lukewarm trades, Acrylamide prices rose as suppliers ran at 60% capacity.

Related Keywords: Acrylonitrile price in Asia, Acrylonitrile price in Europe, Acrylonitrile price in USA, asf producers, chemical grade propylene

Related Keywords: business growth achieved, concentrating on products, eco-conscious manufacturers, Environmentally aware manufacturers, having a green label, increasingly interested, LE Textile GmbH, manufacturers of medical textiles, pioneer in production of stretch warp-knitted textiles, sustainable textile products are becoming more important, Tencel yarns

Environmentally aware manufacturers have been concentrating on products having a green label due to which sustainable textile products are becoming more and more important, illustrated by the business growth achieved by eco-conscious manufacturers.