The latest report "World Agricultural Supply and Demand Estimates" of USDA has pegged global output down from its previous month's estimates. In the same vein, it has upped the year-end stock, implying lower consumption volume in 2014/15. Production is reduced for the US and Greece, with smaller revisions in several other countries.
Lidl, the fourth largest retailer worldwide, wants all toxic textile chemicals out of its textile products by 1 January 2020, a decision taken under Greenpeace’s pressure. A release said, Lidl is aware of its responsibility for people and the environment. It is its priority to eliminate their use across Lidl’s supply chain and operations for all footwear and apparel.
Myanmar, the emerging Southeast Asian nation, has drawn an ambitious plan to follow Bangladesh's success in the garment sector and become one of the major hub for sourcing apparel, stated Pwint San, deputy commerce minister of Myanmar in an interview to a national daily.
This year Gujarat is expected to produce 1.20 crore bales of cotton. Each year, it exports cotton bales to China as well as other nations. Moreover, owing to bumper produce of cotton in these countries, export of cotton bales has taken a hit.
The Gujarat government on Monday announced relief of R1,100 crore for farmers, including R500 crore relief in electricity bills and R600 crore relief in interest on short-term loan through 50% waiver. Over and above this, the state extended R700 crore assistance to farmers during the ongoing statewide Ravi Krishi Mahotsav.
The London Textile Fair the most prestigious show in London offers buyers, distributors, and designers the opportunity to view a large range of textiles from the most prestigious textile mills in Europe including companies from the UK, Italy, France, Spain and Portugal as well as some high-end manufacturers from Turkey and Japan - all under one roof.
TLTF with over 150 exhibitors continues to expand with each event and created a major influence on the UK fashion scene. It is the UK's premier platform for fashion fabrics and clothing accessories.
The final negotiation accord towards a Free Trade Agreement (FTA) was signed between Vietnam and the Custom Union of Russia, Belarus and Kazakhstan on Monday announcing the conclusion of the negotiation . Vietnam Prime Minister, Nguyen Tan Dung witnessed the signing of joint declaration.
The custom Union will give Vietnam preferential tariffs and create favorable conditions to introduce into their markets agricultural, aquatic, wood, footwear, garment and textiles of the Indochinese country.
Arvind Limited, denim major ranked first among 70 textiles players scrutinized the Ministry of Power on the National Energy Conservation Day on 14 December 2014. Arvind achieved nearly 22 percent reduction in specific consumption in thermal energy and 18 percent reduction in power usage from last financial year in the textile sector.
The company bagged National Energy Conservation Award 2014 of the Ministry of Power, Government of India on Sunday.
The new mega Textile Park Policy 2014 has been framed keeping in mind the changes going both at the national and international level in the textile industry. The industrialists in the government selected textile parks, which are already into the business of textiles and apparel in the state are offered several concessions under this policy.
Shanghai Challenge Textile Company, a Chinese company purchased 14.6 million shares of Faisalabad-based company Masood Textile Mills, which constitutes 24.3% shares roughly one fourth of the total shareholding in a privately negotiated deal. It is the first-of-its-kind deal in Pakistan in which a Chinese group has acquired a majority stake in a local textile company, members of the Karachi Stock Exchange (KSE) learned on Monday.
Italy is Vietnam's eighteenth largest export market and fifteenth largest import market. Vietnam’s export to Italy has surged by 18.2 percent reaching US$2.5 billion, while its imports from Italy has touched US$1.19 billion in the past 11 months (January to November), according to the Ministry of Industry and Trade.
According to Raffaella Carabelli, president of the Association of Italian Textile Machinery Manufacturers, Italian companies remain interested in Vietnam, a growing market with untapped co-operative opportunities and high consumption demand.
