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Related Keywords: cotton yarn, export products, export promotion, global market, Indian apparel sector, Lycra, revised duty drawback rate, Texprocil, Textile exporters

The government has notified new duty drawback rates which will boost the overall perception of Indian apparel sector and raise competitiveness in the global market. A separate entry has been created to distinguish certain export products such as cotton yarn of less than 50 counts or 50 or more counts; core spun cotton yarn containing three per cent or more of lycra /spandex/elastane, cotton blankets and flame-retardant fabrics based on their increasing international demand.

Related Keywords: Algerian-Turkish partnership, Big industrial centre of textiles, denim fabric, eight integrated plants, l'Algérienne du sport's wear, new industrial park, Relizane Province, shirts and jeans, Sidi Kettab, State-owned Group Confection et Habillement, TAYAl

A big industrial centre of textiles TAYAL to upcoming on the site of the new industrial park Sidi Kettab a town and commune in Relizane Province, Algeria over an area of 250 hectares in Algeria which will involve an investment to the tune of DZD155 billion and generate about 25,000 jobs. The project is outcome of an Algerian-Turkish partnership, CEO of State-owned Group Confection et Habillement (CH) Ahmed Benayad said.

Related Keywords: Apparel exports, Bangladeshi apparel products, BGMEA, BGMEA president Anwar-ul- Alam Chowdhury, Cambodia, India, Indonesia, merchandise exports from Bangladesh, safety and compliance issues, US Department of Commerce’s Office of Textiles and Apparel (OTEXA), US market, Vietnam

Bangladeshi apparel products are losing orders over safety and compliance issues imposed after Rana Plaza tragedy and Tazreen Fashion fire incident. The declining trend is apprehended to be continued in the months to come unless measures are taken to boost up buyers’ confidence.

Apparel exports are losing edge in the US market to its competitors namely Vietnam, Cambodia, India and Indonesia, as buyers have started cutting back their orders.

Related Keywords: Chairmanship, cotton purchase, for sick textile mill, Kiran Talekar, MLA BJP, Newly restructured committe, one time settlement scheme, power loom operator, powerloom and textile sector, refund of value added tax, Suresh Halwankar

The newly-restructured committee on reforms in the power looms and textiles sector, under the chairmanship of Suresh Halwankar has been asked by the government to come up with some recommendations for the survival and growth of the textile industry. In this connect, he sees privatization as one-time settlement scheme for sick textile mills, where private players will be given 51% share of the mill to revive them.

Related Keywords: building improvement, Canadian sportwear company, Eden distribution hub, Gildan Activewear Inc, investment of $23 million, printwear business, Rockingham County commissioners

Gildan Activewear Inc., a Canadian sportswear company plans expansion of its Eden distribution hub which would involve an investment of the tune of $23 million. The project includes an investment of $12.7 million in equipment and $10.4 million in building improvements.

Rockingham County commissioners approved $448,720 of incentives for the project, said Jan Critz, director of economic development for the Rockingham County Partnership for Economic and Tourism Development. She said that the city of Eden will consider incentives tonight.

Related Keywords: APTMA demand, gas crisis, Industrial sector, Nawaz Sharif, Pakistani textile sector, Prime Minister, uninterrupted gas supply

Taking an initiative, the Prime Minister Nawaz Sharif on the demand of All Pakistan Textile Mills Association (APTMA) vowed to resolve the gas crisis without realizing the ground realities because gas is reportedly not available for the industrial sector.

The Pakistan government on Tuesday once again failed to develop a strategy to provide uninterrupted gas supply to the textile sector to end the miseries of the industrialists.

Related Keywords: bilateral trade, Indian apparel industriies, Indian Apparel Manufacturers, lower import tariff duties, New Delhi, organized apparel segment, showcase technical textile, Taiwan, Taiwan Textile Fair, worth uS4 to 5 million

The Taiwan Textile Fair opened in New Delhi yesterday to showcase technical textiles to Indian apparel manufacturers. On 21,22 November it will be held in Bengaluru, after which it moves to Sri Lanka. This year's edition is expected to generate business worth USD 4 to 5 million in all three venues combined.

The fair will also introduce Indian manufacturers to new product categories to develop for the growing demand in the domestic as well as export market .

Related Keywords: export market, Garco 10, garment companies, Giang Duc Vu, President of giant firm, Tanzania cotton, Tanzanian cotton, Vietnam textile industry, Vietnam's Garment 10 Corporation, Vitas

Vietnam's Garment 10 Corporation (Garco 10), one of the oldest garment companies in Vietnam which has grown to become one of Vietnam’s foremost apparel companies based in Hanoi. Its President, Mr Giang Duc Vu, offered Tanzania the opportunity to export unspecified quantity of cotton to the giant firm.

Related Keywords: Bangaldesh private jute mills, Bangladesh Bank, BJMA, BJMC, financial assistance, fund constraint, government, jute goods, Ministry of Textiles and Jute, state owned jute mills

The Bangladeshi private jute millers are facing acute fund constraints due to decline in exports of jute goods. Under the Bangladesh Jute Mills Association, the mills have been demanding similar financial assistance from the government that is being given to the state-owned jute mills
to run their mills.

The Ministry for Textile and Jute recently urged the central bank to instruct the scheduled banks to implement the decision of the ministry's advisory committee on jute to give private mills equal facilities which the BJMC mills are now enjoying.

Related Keywords: cotton prices falling petroleum price, energy and gas, falling lint price, fiber consumer, Karachi Cotton Association, major world markets, man-made fibre, Pakistan cotton market, polyester yarn

The slow moving demand and falling lint prices in major world markets has lead to further drop in cotton prices on Monday in Pakistan cotton market. Moreover, the falling petroleum prices are attracting fibre consumers to go for polyester yarn and other man-made fibres which are also affecting cotton prices.

The cotton economy is presently in great distress because on the one hand, reduced lint prices are hurting growers and, on the other end, the textile industry is facing shortage of energy and gas.