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Related Keywords: from Finance Ministry, Rebate of State Levies scheme, reimbursement will start from next week onwards, securing five 500 crore rupees, start reimbursing Apparel and garment exporters, state levies paid by them, textiles ministry

The Textiles Ministry securing Rs 500 crore from the Finance Ministry will now start reimbursing Apparel and garment exporters for the state levies paid by them, a top official said. The reimbursement will start from next week onwards

In June last year, the government had approved a Rs 6,000 crore special package for textiles and apparel sector to create one crore new jobs in 3 years, attracting investments of $11 billion and generating $30 billion in exports.

Related Keywords: across the continent, being held in Lille, development clusters, European Commission, European smart textiles sector, France, Futex conference, health, help improve competitiveness, housing sector, investing in innovative hub, outlined number strategies, sharing ideas in interactive textiles for sports

The two day ongoing 7th edition of Futex conference is being held in Lille, France which is dedicated to sharing ideas on interactive textiles for the sports, health and housing sector. Speaking on the opening day of Futex 2017, the EC’s Dr Andreas Lymberis discussed the key challenges in developing market-ready smart textiles within the EU.

Related Keywords: catering to Autumn- Winter, cost effective platform for SME exporters, inaugurated three day long IIGF, Indian export market, overseas garment buyers, Smriti Zubin Irani, source and forge business relationship, to go global. IIGF to bring in double digit growth, Union minister of textile

Union Minister of Textile, Smriti Zubin Irani inaugurated the three day long the 58th edition of India international Garment fair (IIGF), catering to Autumn- Winter 2017/ 18 organized by Apparel Export Promotion Council (AEPC) on Wednesday in New Delhi.

The inauguration was done in the presence of dignitaries- Ajay Tamta, Hon'ble Minister of State for Textiles; Rashmi Verma, IAS, Secretary (Textiles), Ministry Of Textiles; Subrata Gupta, Joint Secretary, Ministry of Textiles amongst many others.

Related Keywords: abnormal decline in local production, Bangladesh Sericulture Development Board, called for revitalizing the ailing silk sector, excessive price of foreign silk yarn, facing an embarrassing situation, Glorious silk sector of Bangladesh, joint meeting was called between members of International Sericulture Commission, local stakeholders

The glorious silk sector of Bangladesh now is facing an embarrassing situation due to excessive price of foreign silk yarn and abnormal decline in its local production. At a joint meeting was called between members of International Sericulture Commission (ISC) and local stakeholders at board room of Bangladesh Sericulture Development Board (BSDB) in Rajshahi city on Monday.

Related Keywords: aims to upgrade, cope with the demand, development specialist of the Department of Trade and Industry, Judy Aclan, looking at recruiting more silk weavers, Misamis Oriental, resources and silk weaving skills among weavers, rise in local demand, Silk industry in Laguindingan, upgrade skills of the regular weavers, weave pure silk barong

The silk industry in Laguindingan seeing rise in local demand in the recent months aims to upgrade its resources and silk weaving skills among weavers. They are looking at recruiting more silk weavers and upgrade the skills of the regular weavers to cope with the demand, said Judy Aclan, development specialist of the Department of Trade and Industry in Misamis Oriental.

Aclan admitted that after President Rodrigo Duterte tapped Mimi Pimentel to design his inaugural barong weaved by the Abai weavers, the demand has suddenly spiked.

Related Keywords: abolish Export Development Surcharge, allow stitching units to import raw material, at the time of realisation and payment of export proceeds, Customs rebate claims, deducted from export proceeds, EDF, Pakistan government, PHMA, settled and paid through SBP, under DTRE scheme, urged by Pakistan Hosiery Manufacturers and Exporters Association

The Pakistan government has been urged by the Pakistan Hosiery Manufacturers and Exporters Association (PHMA) to abolish 0.25 percent Export Development Surcharge which is deducted from export proceeds.

Pakistan Apparel Forum Chairman Jawed Bilwani speaking during a meeting of the National Assembly Standing Committee on Textile Industry, chaired by Member National Assembly (MNA) Haji Muhammad Akram Ansari at the PHMA House, said that they believe the surcharge on exports must be abolished as this will help exporters to use cash liquidity for enhancing the exports.

Related Keywords: and textile manufacturing, Geo textiles, innovative fabrics, technical textile value chain, Technical Textiles, TECHNOTEX 2017, textile industry of India, textile innovation, textile innovations, textile investment in India, textile machinery, textile ministry of India

Ms. Smriti Zubin Irani, Minister of Textiles, Government of India, yesterday underlined the need to address the issue of lack of manpower in the technical textiles for which industry needed to first define the requisite skills. After defining the skills, the task would be to bridge the gap in which the industry would be supported adequately by the Government of India.

Related Keywords: American lifestyle brand, continues to find ways, denim part of their DNA, enhance the assortment, Hollister, incorporates INVISTAs COOLMAX ALL SEASON technology, introduced for guys and girls, LYCRA fiber, new line of performance jeans, year round comfort and lasting fit

Hollister, an American lifestyle brand where denim is part of their DNA, continues to find ways to enhance the assortment. Recently, a new line of performance jeans has been introduced for guys and girls that incorporates INVISTA’s COOLMAX ALL SEASON technology and LYCRA fiber for year-round comfort and lasting fit.

Their goal with the innovative Coolmax All Season technology is to provide products that fit the needs of their customer’s on-the-go lifestyle, said Kristin Scott, Brand President of Hollister Co.

Related Keywords: brings smiles on many weavers, different patterns, equip with handlooms, Gadwal, HHC, kurtas, Narayanpet, planning to set up a Handloom Heritage Centre, Pochampally, sale of handloom shirts, sales of handloom products, sarees and dresses, Telangana State Handloom Weavers Cooperative Society, TSCO, unprecedented surge over last few days

The Telangana State Handloom Weavers Cooperative Society (TSCO) is planning to set up a Handloom Heritage Centre (HHC) at Karwan. Spread over 5,000 square yards, the HHC will be equipped with handlooms of different patterns, including Pochampally, Gadwal and Narayanpet, to mention a few.

The objective is to showcase the art and hard-work of weavers in weaving a saree. The next generation should learn about weaving and its history. The estimated cost of the project will be to the tune of Rs 3 crore. It will be an exhibition-cum-sale centre, said TSCO General Manager P Yadagiri.

Related Keywords: cotton bales, Cotton market, expectation of attractive profit, ginners raised asking prices, in anticipation of getting better rates, official spot rate remain unchanged, slow pace, trading activity

At cotton market, trading activity took a slow pace on Tuesday as the ginners raised asking prices in anticipation of getting better rates and in expectation of attractive profit in the coming days. The official spot rate also remained unchanged at Rs 6375, dealers said.

In Sindh, seed cotton prices were at Rs 3000-3300, while in Punjab, phutti rates stayed put at Rs 3200 and Rs 3550, as per 40 kg.

According to market sources, trading activity came under pressure since the week started in the absence of fresh leads.