News Tags

Related Keywords: Apparel Industries, cities around the country, double or triple capacity, expand their Indian operations, foreign investment, hub of indian yarn, huge factories, Indian economy, Multinational companies, outside investors, rupee surging, spurring business expaniesion, start new ones, Textile Industry, Tiruppur

Multinational companies are looking to expand their Indian operations or start new ones as the stock market and rupee are surging. The growth in India's economy, long a laggard, just matched China's pace in recent months.

India is emerging as one of the few hopes for global growth, as other big developing markets stumble. China's economy is slowing. Brazil is struggling as commodity prices plunge. Russia, facing Western sanctions and weak oil revenue, is headed into a recession.

Related Keywords: ancient ceremonial banners, celebrated Indian designers., contemporary fashion, cutting-edge fashion, Fabric of India show, highly prized textiles, Indian textile fragments, made for international trade, showcase handmade objects, Victoria and Albert Museum

The Victoria & Albert Museum in London will open its doors to The Fabric of India which will run from October 3 to January 10, 2016. The Fabric of India will showcase close to 200 handmade objects, from the earliest known Indian textile fragments to contemporary fashion.

The exhibit will display pieces from ancient ceremonial banners, to a tent used by Tipu Sultan (1750-1799), the famed ruler of the Kingdom of Mysore and also a stunning range of historic costume, highly prized textiles made for international trade, and cutting-edge fashion by celebrated Indian designers.

Related Keywords: economic environment to improve, foreign investors, increase export of textile, invest in Pakistan, Nawaz Sharif, Ninth expo Pakistan, Pakistan textile sector, power producing units, prevailing energy crisis, Prime Minister, textile policy

Prime Minister Nawaz Sharif at the opening of the ninth Expo Pakistan in Karachi said that this was the best time for foreign investors to invest in Pakistan, as the economic environment is improving quickly and expressed confidence that the prevailing energy crisis will be resolved in three years time.

He assured in three years time there will be ample electricity available to industrial and household owners. Their goal is not only to provide electricity but also to lower the cost of its production.

Related Keywords: China, China will scrap tariff, Deputy Trade Minister, fashion products, imported items from China, items imported from Korea, items made in the inter-Korean GIC, Korea, official sign FTA, SMEs making textile, Woo Tae hee

Korea has initiated a free trade agreement (FTA) with China. The two countries have agreed to work for the official signing of the pact within the first half of the year, said Deputy Trade Minister Woo Tae-hee on Wednesday.

Following the deal, Korea will eliminate tariffs on 92 percent of imported items from China within the next 20 years. China will scrap tariffs on 91 percent of items imported from Korea, within the same period.

The deal makes Korea the only major economy to sign an FTA with the world's three biggest economies ― the U.S., China and the EU.

Related Keywords: CAI, change in Chinese reserve policy, cotton export, cotton prices, cotton season, decline in prices, demand for better quality, domestic consumption, explore new market, ICE, showing signs of recovery

In the last week of January cotton prices ruled at at Rs14,420 a bale (170 kg) – near a five-year low which is some 14 percent below the levels seen at beginning of the cotton season, which began in October. However, cotton prices have now been showing signs of recovery over the last one month.

Decline in prices is attributed mainly to record domestic production and waning exports to China due to change in its reserve policy.

Related Keywords: blending wool with fibres, Camira, campaign for wool, flax and hemp, fleece of life, Huddersfield textile manufacturer, London based Chinese teahouse, natural fibres, nettles, promote wool, showcase the gorgeous interior, wool felt fabric, wool upholstery

Huddersfield textile manufacturer Camira has linked up with the campaign for wool and London based Chinese dim sum teahouse Yauatcha. As the Chinese new year promises a new “fleece” of life to mark the occasion, the company provide upholstery fabric to fit out a Chinese teahouse in London for the Chinese Year of the Sheep.

Related Keywords: apparel park, closed mills, diversify jute products, feminine hygiene products, generate employment, jute sector, Minister of State for Textile, NJMC invite enrepreneurs, run jute mills, Santosh Kumar Gangwar, stakeholders, textile hub, utilize unused assets

Minister of State for Textiles, Santosh Kumar Gangwar after the review meeting held with various stakeholders of the jute sector at Kolkata yesterday, key decision has been taken to strengthen the jute sector. The Ministry for textile has taken decision to make most of the unused assets, such as land, of the three closed mills of NJMC (National Jute Manufactures Corporation Limited) for economic activities. The focus is to generate employment. Activities such as apparel park or textile hub shall be considered.

Related Keywords: filament yarn, Indorama Synthetics, MMF market, polyester fibre, pre-budget expectations, Textile Ministry, Union Budget 2015-16

In its pre-budget expectations, Indorama Synthetics Limited has put forth a number of issues to be considered for their incorporation in the Union Budget 2015-16. The company has sincerely requested the government that all the issues may kindly be considered for their incorporation in the Union Budget 2015-16 so that polyester fibre / filament yarn industry can achieve its full capacity utilization, tap the vast potential of MMF markets that exist globally.

Related Keywords: Faisalabad, garment and textile industry, health, ILO, improve industrial relation, nature of employment, occupational safety, Pakistan textile industry, promote decent work environment, PTEA, sign agreement, training, wage

Pakistan Textile Exporters Association (PTEA) to promote decent work environment in the garment and textile industry in Faisalabad have signed an agreement with the International Labour Organisation (ILO).

The agreement includes a framework on improving industrial relations through training and compliance with international labour standards including occupational safety and health, wages, nature of employment, discrimination and other forms of mal-practices.

Related Keywords: active trading, Karachi cotton exchange, low yarn demand, Normal trading, prices of seed cotton, remained unchanged, spot rate, upcountry expenses

Normal trading was seen happening on Tuesday at the Karachi Cotton Exchange, the spot rate also remained unchanged. The spot rate stood unchanged at Rs4,950 per maund (37.324kg) and Rs5,305 per 40kg. Ex-Karachi price also remained the same at Rs5,100 per maund and Rs5,465 per 40kg after addition of Rs150 and Rs160 as upcountry expenses, respectively.

The KCE recorded transactions of around 20,000 bales in the range of Rs4,000 per maund to Rs5,200 per maund.