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Related Keywords: buying majority shares, chinese businessmen, former chairman of PCGA, ginning and textile sector, Masood A Majeed, relocate yarn-making industry . infrastructure bottlenecks, show interest, to invest

Chinese businessmen are showing interest to invest in the ginning and textile sectors of Pakistan, said former chairman of Pakistan Cotton Ginners Association (PCGA) Masood A. Majeed, who visited China. Chinese investors have agreed to relocate their yarn-making industry in Punjab, provided infrastructure bottlenecks were removed by the government.

He urged the government to relocate 200 spinning mills in Punjab, allow leasing of land at $8,900 per acre per annum and provide electricity at 12 US cents per unit.

Related Keywords: black sheep wool, Britannia Mills, chemicals, cotton industry wool, eco-friendly specialty product, effluent, fine black wool, less water, Los Angeles, natural beauty, owner, process it, requires no dyeing, shorter cycle time, supply chain, Terrence Chermak, wider network of ranchers

Terrence Chermak,owner of Los Angeles–based Britannia Mills Ltd. is no stranger to wool, which is always part of his line of contemporary knits recently became enamored with the hard-to-find wool of black sheep and has put together the supply chain necessary to process it and bring it to market as an eco-friendly specialty product with its own natural beauty.

Related Keywords: approval, Economic Coordination Committee, first Pakistan textile summit, long term textile policy, Pakistan Federal Minister, Pakistan textile sector, Textile and Industries, value added products

The Pakistan Federal Minister for Textile and Industries Abbas Khan Afridi in his keynote address at the First Pakistan Textile Summit on Thursday stressing the need to formulate a comprehensive and long-term textile policy said that on incorporating the recommendations of stakeholders in the draft of the first textile policy, it would be forwarded to the Economic Coordination Committee (ECC) in next three weeks for approval.

Related Keywords: apparel fabrics, cotton shirts, duppatas, eco-friendly products, from Pochampally, hand-woven, handloom products, home textile, Indian handloom industry, Pochampally Handloom Park Limited, Pochampally Ikat Art Mela-2014, rich traditional weaves, scarves and sarees in silk, stoles, table mats

Pochampally Ikat Art Mela-2014 at Lions Club in Ramnagar in the city organised to promote the Indian traditional handloom industry, will be on till December 2. A range of handloom products from Pochampally will be on display for the next seven days.

Related Keywords: Arthit Wuthikaro, entered into agreement, expand business, functional textiles industry, garment, Japan Fukui prefectural government, plan investment, policy to promote, production base, small and medium-sized enterprises, strategic industrie, Thailand, Thailand Industry Ministry

Japan’s Fukui prefectural government plans to invest in the garment and functional textiles industry to expand its business in Thailand for which they have entered into an agreement with Thailand's Industry Ministry, said Arthit Wuthikaro, the ministry's director-general for the development of industrial promotion.

The total value of investment from Fukui in Thailand amounts to 10 billion baht with 28 companies operating 11 factories.

Related Keywords: facing challenges, Indian powerloom sector, looking for concession, meet Prime Minister, need government support, PDEXCIL, powerloom foreign exchange earner, provides employment, re-introduction of duty drawback, Reservation act

The Indian Powerloom sector is facing lot of challenges and so they looking for more concession for the sector and re-introduction of duty drawback. In this concern, a team of PDEXCIL office bearers will represent the Prime Minister soon.

The newly-elected Chairman of Powerloom Development and Export Promotion Council (PDEXCIL), M Duraisamy, said that the powerloom sector need re-introduction of duty drawback so that more units will involve in export of the textiles to other countries.

Related Keywords: Anwarul Azim, cooperation with, DBL Group, dyeing and finishing capacity, export oriented vertical knit garments, finishing machinery, fleece, jersey, pique, rib and interlock, Santashrink, Santex of Switzerland, strategic partner, Swiss knit fabric, Technical Director, terry, textile manufacturer

DBL Group, one of the largest and 100% export oriented vertical knit garments and textiles manufacturers in Bangladesh to achieve its goal of becoming the country’s largest vertically integrated producer by 2016, to continue its cooperation with Swiss knit fabric finishing machinery manufacturer Santex of Switzerland.

The company aims to raise its dyeing and finishing capacity which is presently more than 50 tonnes per day to 100 tonnes per day by 2016.

Related Keywords: Central government of India, Hantex, Industries Minister, Kerala handloom sector, P K Kunhalikutty, restructuring package for Kerala handloom sector, revival of Kerala handloom sector

The Central Government as a revival, reform and restructuring package for the Kerala handloom sector has sanctioned Rs 141 crore for the current fiscal. Kerala is the first state to make use of the Central rehabilitation package for the handloom sector. This was announced by Industries Minister P K Kunhalikutty on Wednesday.

Related Keywords: Cotton fibre, Dutch company, energy saving equipment, investment agreement, Kashkadarya region, LT Textile Cooperatief U.A., modern textile plant, produce cotton and mixed yarn

LT Textile Cooperatief U.A. (Netherlands) to set up modern textile plant in Karshi district of of Kashkadarya region in Uzbekistan, for which the company undertook liabilities to invest at least to the tune of US$ 55 million in 2015-2016, of which $17 million will be of the own resources of the Dutch company and $38 million would be taken as loans from foreign banks, without guarantee of the Government of Uzbekistan.

The Government of Uzbekistan issued a resolution “On measures on organization of modern textile plant in Karshi district of Kashkadarya region” on 31 October 2014.

Related Keywords: Bangladesh, China, cotton advisor board, Cotton Association of India, cotton bales, cotton consumption, exportable surplus, higher domestic cotton price, Indian cotton exports

Cotton exports is estimated to be between 6.5-7 million bales (1 bale = 170 kgs) this year by trade source as against 11.8 million bales shipment estimated by the Cotton Advisory Board (CAB) during last year. Decline by about 45% this year (October – September) on falling demand from its perennial importers i.e. China and Bangladesh.

China, the largest importer of Indian cotton has reduced cotton import from India in recent months. The second largest Bangladesh has also lowered its dependence on India due to higher domestic cotton prices.