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Related Keywords: buying quality cotton, cotton bales, cotton trading, Indian yarn, Karachi Cotton Association, local trader to buy, Pakistan coton market, raw cotton, textile mill owners

Cotton trading in Pakistan remained slow as textile mill owners made select buying in quality cotton. However, the Karachi Cotton Association’s (KCA) spot rates remained unchanged.

Floor brokers said that the textile industry, already facing power and gas shortage, was perplexed by Indian yarn and raw cotton finding their way into the domestic market. Local traders are likely to buy the cheaper Indian cotton. The situation kept trade activities slow at local markets.

Related Keywords: Confederation of Indian Textile Industry, exhibition of textile machinery, Indian textile industry, MMF, Ninth edition of Texfair, second edition of Farm to Finish, SIMA, spares and accessories, textile product exhibition, TUFS

The ninth edition of Texfair, an exhibition of textile machinery spares and accessories, and the second edition of Farm to Finish, an exhibition of textile products started off at the Codissia Trade Fair Complex organized by Southern India Mills’ Association (SIMA). The event is on for four days from January 9.

At the inaugural of Texfair 2015, Prem Malik, chairman of Confederation of Indian Textile Industry, said that one of the main areas that the Indian textile industry needs to focus on is diversifying to man-made fibre-based textile products.

Related Keywords: Indian textile industry, proposal for textile park, Santosh Kumar Gangwar, state government, Textile cluster, Textile parks, Union Ministry of Textile

The textile industry in India has good prospects for the economy and employment opportunities. It is an important which has been ignored in the last 10 year. With the Union Ministry of Textiles planning to set up a minimum of 15 textile parks across the country, Santhosh Kumar Gangwar, Minister of State (Independent charge), has asked State governments to send their proposals for setting up textile parks.

Related Keywords: Australian market, duty free entry, implemented by Australian govt, New Developing countries, raw material, wool products

The new Developing Countries (DC) Preference implemented by the Australian Government started on 1st January this eases the way for duty free entry to Australian market. Under this new system, it allows Fijian TCF manufacturers and exporters to source raw materials including wool products from more cost effective sources outside the region such as China, Bangladesh, India, Thailand and Vietnam and include it in the calculation of local content and then convert these into finished garments for duty free export into Australia.

Related Keywords: Acting Minister for Commerce & Industries, Afghanistan Pakistan Transit Agreement, Afghanistan Pakistan Transit Agreement (APTTA), commercial activity, Mozamil Shinwari of Afghanistan and Deputy Minister for Economic Development and Trade, Shehzad Arbab, Trilateral Transit Trade Agreement

Pakistan, Afghanistan and Tajikistan are planning to replace the existing Afghanistan Pakistan Transit Agreement (APTTA) by a Trilateral Transit Trade Agreement (ATTA) in March 2015 for which the first trilateral expert level meeting between Afghanistan, Pakistan and Tajikistan was held on January 3, 2015 in Islamabad co-chaired by Secretary Commerce, Shehzad Arbab, Acting Minister for Commerce & Industries, Mozamil Shinwari of Afghanistan and Deputy Minister for Economic Development and Trade, Nazriev S. R of Tajikistan.

Related Keywords: CCI director marketing, cotton corporation of India, M M Chockalingam, minimum support price for cotton

Cotton Corporation of India (CCI) which is mandated to procure cotton at minimum support price will start selling cotton from 15 January 2015. According to M. M. Chockalingam, CCI director (marketing) told the Corporation had so far purchased 40 lakh bales. It plans to offload 10,000 bales every day and measures would be taken to ensure there was no fluctuation in prices.

Related Keywords: Ministry of Commerce and Industries of Afghanistan, Ministry of Textiles, textile industry in Afghanistan, textiles and clothing

According to an Afghan news agency India is all set to assist in developing the textile industry of Afghanistan as part of its reconstruction efforts aimed at rebuilding the Afghan economy. A Memorandum of Understanding (MoU) was signed 7 January between the Ministry of Commerce and Industries of Afghanistan and Ministry of Textiles of India on expansion of business cooperation in the field of textiles and clothing. The MoU was signed by Afganistan’s acting minister of commerce and industries, Muzamil Shenwari, and Indian Ambassador to Afghanistan, Amar Sinha.

Related Keywords: Banarsi Saree, DC handlooms, e-commerce, Flipkart, Ministry of Textiles, Shopping Online, Varanasi, Weavers

Flipkart, e-commerce portal in association with DC handlooms, Ministry of Textiles has decided to launch of an exclusive online store for Banarasi sarees. This store will focus on creating a national platform for the weavers to showcase their unique craftsmanship.

Related Keywords: 41 lakh cotton bales, Cotton Advisory Board, cotton corporation of India, decline in domestic price, ICAC, MSP

State-run Cotton Corporation of India (CCI) to protect farmers from sharp decline in domestic prices has picked up 41 lakh bales of 170 kg each so far this year at the minimum support price ( MSP) from key growing states like Andhra Pradesh, Telangana, Gujarat, Punjab, Haryana, Rajasthan and Maharashtra.

Of which 27 lakh bales of cotton have been purchased from Andhra Pradesh and Telangana, 7,00,000 bales from Maharashtra, 2,20,000 bales from Gujarat and around 2,00,000 bales from Punjab, Haryana and Rajasthan. The procurement operations was started by CCI from October 2014

Related Keywords: Afghan textile industry, Government of India, joint trade mission, product development and manufacturing, signed MoU, technical collaboration

The government of India has agreed to provide all necessary assistance to develop Afghan textile industry and assist in skill development, research and development, technical collaboration in product development and manufacturing, testing and certification and organize joint trade missions for mutual collaboration.

The commitment was made at the time of signing of Memorandum of Understanding (MoU) between the Ministry of Commerce and Industries of Afghanistan and Indian Ministry of Textiles on Wednesday.