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Related Keywords: age old proviso, compelling textile mills, deterrent to growth, economic viability, either scrap or reduce limit, Hank yarn obligation, powerloom, produce mininum hank yarn, Texpreneuers Forum, textile entrepreneurs, Tirupur and its hinterland, TUF scheme

Hank yarn obligation is an age old proviso compelling the textile mills from Tirupur and its hinterland to produce a minimum of 40 per cent of the yarn as hank yarn that deterrent to growth and threat to their economic viability. The textile entrepreneurs want the obligation rule either be scrapped or reduce the obligation limit to 10 percent.

Related Keywords: Chhattisgarh government, identify nurseries, increase production of Kosa silk, Kosa cocoon production, plantation of Kosa sapling, silk centre, silk farming, silk trade

The Chhattisgarh Government to provide livelihood for people residing in rural pockets of the state is planning to massively increase production of Kosa-Silk. Chief Secretary Vivek Dhand has written letters to all district collectors in this regard. A committee would be formed in every district to implement the plan.

In fact, the Chhattisgarh Government is drawing up an elaborate five-year plan for promotion of Kosa-Silk production in the State. All district collectors are requested to prepare a report on production prospects of Kosa and Silk in their respective regions.

Related Keywords: Enlarge scope of textile parks, handloom industry, Handloom Minister, improve designs and quality, Kollur Ravindra, NREGS scheme, protect interest of weavers, train weavers, weaver families, Weavers Protection Committee, Yemmiganur and Adoni towns

To revive the handloom industry and protect the interests of weavers, the Weavers’ Protection Committee are wanting separate bank to cater to their needs. Hence, they have urged the government to take step for establishing an exclusive bank.

Related Keywords: delay in arrival of next crop, higher consumption of cotton, KCA, ongoing spell of rain and cold weather, Pakistan cotton market, pressure on lint prices, rising cotton prices, spinners continued building stocks, Textile Industry, world cotton market, World cotton price

Despite rising cotton prices on Tuesday, spinners continued to build up their stocks fearing delay in arrival of next crop. The next cotton crop is likely to be late by three to four days, as a result of the ongoing spell of rain in Punjab and cold weather in Sindh.

The higher consumption of cotton by the textile industry is also putting pressure on lint prices which have moved to a seasonal high of Rs5,250 per maund. However, shortage of quality lint is another major factor which has pushed prices up.

The Karachi Cotton Association (KCA) left its spot rates unchanged.

Related Keywords: Aksa, capital expenditure programme, EBRD provide loan, first chemical company, leading producer of acrylic fibre, plant in Yalova, wastewater treatment facility

Aksa the world’s leading producer of acrylic fibre will implement new health and safety standards at its plant in Yalova, in north-western Turkey, which will go beyond the requirements of national regulations. It will become the country’s first chemical company committing itself to the best international practices in the industry.

The European Bank for Reconstruction and Development (EBRD) will promote higher standards and greater efficiency in Turkey’s fast-growing chemical industry, with a €50 million loan to Aksa.

Related Keywords: Chief Executive officer, double digit growth, economic growth, Indian textile and apparel industry, launch of Raymond linen, Raymond, Sanjay Behl, Union budget

Indian textile and apparel industry is growing at the rate of 8-12%, and if the same growth is maintained or little higher, the industry is likely to get the double-digit growth during the FY15-16. As post the union budget, the economy will remain bullish because some of the fundamentals for economic growth are looking very good, according to Sanjay Behl, Chief Executive officer (Lifestyle business), Raymond.

Related Keywords: cotton field, Department of Fashion and Apparel studies, inexpensive imported clothing, integrated supply chain, revitalize cotton textile and apparel industy, South Africa department of trade and industry, Southern African Sustainable Textile and Apparel Cluster, University of Delaware

University of Delaware’s Department of Fashion and Apparel Studies, a recognized global leader in the area of socially responsible apparel, is included in a five-year grant from South Africa’s Department of Trade and Industry to revitalize its cotton textile and apparel industry which has been affected by the availability of inexpensive imported clothing.

Related Keywords: attracting international buyers, fibre of the gods, finest and warmest wool, Jenny Duarte, Peru alpaca wool, Peruvian designer, textile hub, uses vicuna and alpaca weaves, wool business

Peru alpaca wool is described as “fibre of the gods” from the Incas. This is the finest and warmest wool in the world which is attracting international buyers. This year the wool business attracted 70 international buyers and the business is thriving while exports have risen 60 percent.

Peruvian designer, Jenny Duarte uses the vicuna and alpaca weaves because that Peruvian culture is inspiring. A thousand-year-old culture is an enormous source of inspiration that designers can work with and reinterpret.

Related Keywords: Chinese firm, engaged in manufacturing, Ethiopian government, expansion of textile and garment factory, investment over USD 15 million, Oromia state, Shaoxing Mina Textile Company

Shaoxing Mina Textile Company a Chinese company decides to make investment of over 15 million USD to expand its textile and garment factory at Sebeta Town, Oromia State which upon completion would create 5,000 jobs.

President Dr. Mulatu Teshome in a discussion with Company CEO Chang Jun held last Wednesday, said that the government is keen to support investors engaged in manufacturing industries.

Related Keywords: affecting badly local textile industry, APTMA, awareness on ICA rules and regulations, biased trading rules, cotton trade, ICA, import of Indian cotton, training of cotton importers, urgent need of the hour

The Chairman APTMA S M Tanveer during his meeting with the International Cotton Association (ICA) President stated the awareness on the ICA rules and regulations and training of the cotton importers was an urgent need of the hour. The ICA rule 219 consisting of biased trading rules, has been affecting badly the local textile industry in terms of import of cotton from India.

Besides this he also discussed issues relating to shipment delays, quality assurance and defaulters in the ICA list which are presently being faced by the APTMA members in their day to day cotton trade.