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Related Keywords: achieve industry wide growth, allocates fund, in textiles, Indonesian Industry Ministry, Indonesian Textile Association, register for program, revitalization program, revitalize old machinery, Saleh Husin, stimulate investment, top incentive strategies

Indonesian Industry Ministry Saleh Husin has put the revitalization program on top incentive strategies for achieving the industry wide growth target of 300 percent by 2019 for which the Ministry plans to allocate Rp 100 billion (US$7.9 million) from its 2015 budget to finance an annual program to revitalize old machinery in the textiles, leather-working and footwear industries in an effort to develop these fields and stimulate more investments.

Related Keywords: building stock for long term use, decline, Karachi cotton exchange, majority big textile mill owners, new crop arrival in June, Pakistan cotton market, quitting local market, spot rate, trade turnover

With majority of big textile mill-owners quitting the local markets after building stocks for long-term use, the trade turnover of cotton witnessed decline by over 40 percent to 5,900 bales (155 kilograms each, according to dealers on Thursday.

Most of the big textile mills are covered till next September. Although the new crop will start arriving in the markets in June, but matured cotton would come later, said Taqi Abbas, a broker at the Karachi Cotton Exchange.

The KCA maintained its official spot rate for the fourth working day at Rs5,000 per maund.

Related Keywords: boost exports, create employment, double export, economic revival, facilitate industry, formulate comprehensive, long term policy, Pakistan textile sector, textile policy, to enhance capacity, top priority, value addition

The Pakistan government has put value addition in textile sector on top priority to double the exports in the sector for the economic revival of country for which there is a need to formulate a comprehensive and long-term policy. As both the government and industry were committed to fully exploiting the potential of all related sectors of textile aiming at to boost its exports for benefit of the country.

A meeting of Federal Textile Board (FTB), Pakistan will be held soon to discuss the issues being faced by textile industrialists and the ministry to addresses these issues.

Related Keywords: aprons, bags, bow ties, creating new trends, DTG Direct To Garment Printing machines, embroidery, fashion industry, Garment Printing, jackets, new denim collection, personalized and customized clothing company, printable denim shirts, tie, work wear

Garment Printing is an industry leading personalized and customized clothing and accessory company always ahead of competition when it comes to spotting and creating new trends. Garment Printing’s new denim collection consists of printable denim shirts and jackets, but also of aprons, ties, bow ties, espadrille shoes and bags and is available across the UK and also across Europe, from Garment Printing's Barcelona offices.

Related Keywords: apparel industry, commissioned fourth line, Grasim Industries, home textiles and technical textiles to grow swiftly, largest consumer of synthetic yarns and fiber, of its greenfield VSF plant, Vilayut Gujarat, VSF capacity enhanced, VSF demand growing leaps and bounds

Grasim Industries commissioned its fourth line and completed the last phase of its greenfield viscose staple fibre (VSF) plant at Vilayat in Gujarat on March 3 as demand for VSF has been growing by leaps and bounds in India. With this, the company’s VSF capacity at Vilayat is enhanced to 120,000 tonnes per annum, while its overall VSF capacity stands enhanced at 498,000 tonnes per annum.

The healthy growth is expected to continue this year too. Demand in all user segments like apparel, home textiles and technical textiles has been growing swiftly.

Related Keywords: Abares Commodities bureau, average nine year low, Cotlook, cotton consumption, cotton prices, farm subsidy regime in China, further decline next season, large world stock, onto the world market, release cotton holdings, World cotton price

World cotton prices likely to see further decline next season, to their lowest since 2006-07, despite some attrition in world stocks. According to the Abares Commodities bueau, cotton prices, as measured by the Cotlook A index of physical values, will average a nine-year low of 60.4 cents per pound in 2015-16, down from a forecast 70.3 cents per pound for this season.

Separately, the International Cotton Advisory Committee restated a forecast of the Cotlook A averaging 68 cents a pound this season.

Related Keywords: acquire fashion ecommerce site, engaged in manufacture and sale, entry into e-retail market, fast growing lifestyle e-com vertical, Filatex. public list small cap firm, knitted sock, rebrand and relaunch, trade of textile products, Vogue4all

Filatex is a public listed small cap firm in Hyderabad engaged in the manufacture and sale of knitted socks in India. It is also involved in the trade of textile products. Filatex Fashions Ltd has agreed to acquire fashion e-commerce site Vogue4all.com, marking its entry into the growing e-retail market in India, a top company executive said on Thursday.

Related Keywords: fair trade practice, good economic environment, Gulf countries, home textile and furnishing, leading textile manufacturing and trading center, leverage trade network, major textile trading hub, seven leading trade fairs, UAE based enterprises

The Gulf countries are gradually becoming the world’s leading textile manufacturing and trading centers due to good economic environment and fair trade practices.UAE is in the forefront of this march which is steadily emerging as a major textile trading hub.

Related Keywords: coated fabric, cotton, designers, fancies, fashion and appare, flannel, from prestigious mills, jersey, linens, outerwear, printed fabrics, rainwear, second edition of ITF, shirting, silk, Soft, synthetics, technical., tweed, UAE largest trading centre, view large range of textile, wool, worsteds

UAE is the world’s fourth largest trading centre of fashion and apparel, with the presence of about 150 apparel manufacturing companies that account for about 5.5 per cent of the world’s annual textile and clothing sales. According to a recent international report, by 2016, the UAE will become the world’s leading high-end textile and garment re-export centre.

Related Keywords: CCI approves, Chinese company, fabric for men's suiting, joint venture, Reliance Industries Ltd, textile business, trousers and shirting, Vimal brand, with Shandong Ruyi Science and Technology group, yarn

Reliance Industries Ltd (RIL), India's largest private sector company, on Tuesday said it 'had entered into a definitive agreement for a joint venture in business with China's Shandong Ruyi Science and Technology Group (Ruyi).

According to the agreement, RIL will transfer its existing textile business under the Vimal brand into a newly incorporated company in which RIL will hold 51 per cent stake. The remaining 49 per cent stake will be sold to Ruyi.