News Tags

Related Keywords: approved investment plan, Chinese largest textile group, Cotton Spinning Mills, Faisalabad Shandong Ruyi Textile Park, FIEDMC, first installment, International Commercial Bank of China, losing competitive edge, Shandong Ruyi

A delegation from the International Commercial Bank of China (ICBC) visited the project site and approved the investment plan for the Faisalabad Shandong Ruyi Textile Park, according to Faisalabad Industrial Estate Development and Management Company (FIEDMC) officials.

Shandong Ruyi, largest textile conglomerates in China in order to start construction work for Pakistan’s largest cotton-spinning mills has made their first installment to the FIEDMC.

Related Keywords: Badamba cluster, Berhampur cluster, Bomkai, Gopalpur I and II, Ikat, Ministry of Textiles, Odisha handloom clusters, silk, Sonepur mega cluster, textile manufacturing chain, textile tourism, tourism tag, traditional Tassar fabrics

The Ministry of Textiles has identified Odisha’s four handloom clusters - Berhampur cluster in Ganjam district, Badamba in Cuttack district, Gopalpur I and Gopalpur II in Jajpur district and Sonepur mega cluster in Sonepur district, to promote textile tourism in the State.

The four handloom clusters will soon get tourism tag as these clusters are located in proximity to tourism spots like Gopalpur-on-sea, Maniabandh Buddhist village and Diamond Triangle of Ratnagiri, Lalitgiri and Udaygiri, the Ministry aims to link promotion of tourism and handloom through textile tourism.

Pakistan textile tycoons set up with the current India-Pakistan trade as border tension continues to hinder relations between the two countries. The current situation has started affecting business communities as Pakistanis are facing difficulties in obtaining Indian visas.

Pakistan and India, those who were optimistic for a future reconciliation are now left to second guess.

IBA Director Dr Ishrat Husain at a recently held ceremony said that he was less optimistic today about India-Pakistan trade compared to the time when Manmohan Singh was leading India.

Related Keywords: cotton, cotton control Act, extra long staple varieties, grading of cotton, international standards, Long Term Financing facility, MoTI, Pakistan Central Cotton Committee, Pakistan Cotton Standards Institute, Pakistan Minister for Textile Industry, Pakistan textile exports, Textiles Package, up gradation of technology

The Minister for Textile Industry (MoTI), Pakistan has taken step to meet the international standards for cotton as well as to higher Pakistan textile exports to other countries.

The MoTI has instructed provincial governments to implement the cotton control Act to ensure standardization and grading of cotton according to international standards adopted by the Pakistan Cotton Standards Institute (PCST).

Related Keywords: improve product margin, leading supplier of systems, new priorities, reduce structural cost, Rieter, short staple fibre spinning, spinning mills, textile machinery producer, utilization of existing capacity

Rieter is a producer of textile machinery and leading supplier of systems for short-staple fibre spinning, is setting new priorities in the implementation of its strategy. The company will also take action to optimize the utilization of existing capacity, improve product margins and reduce structural costs.

The priorities for the next three years will be the further strengthen its innovative capabilities and the expansion of its product and service offering, especially in parts and components.

Additional resources for research and development are being budgeted for this purpose.

Related Keywords: adverse circumstances, Bangladesh readymade garment sector, BGMEA, competitors, consolidated position, garment export, joint effort, work environment, WTO

Bangladesh readymade garment sector despite of the Rana Plaza tragedy, political uncertainties, clashes and conflict is displaying continued strength which is extremely encouraging. According to the WTO report, Bangladesh has consolidated its position more than its competitors in the sector.

There is a steady continuity in the development of our readymade garment sector. The country's readymade garment exports continue to increase. In 2009 Bangladesh stood in fifth place in this sector and the very next year it jumped to number three.

Related Keywords: cotton production, district Vehari, Dushanbe, establish cotton hub, Memorandum for bilateral trade, Pakistani industrialist, Sher Ali Jonovo, Tajikistan representative, tax-free opportunity

Tajikistan ready to give the Pakistani industrialists tax-free opportunity for establishing a cotton hub in Tajik capital Dushanbe, said Tajik representative in Pakistan Sher Ali Jonovo during a meeting held to sign a memorandum for bilateral trade .

The memorandum between the two countries would prove to be a gateway for increased bilateral trade.

Related Keywords: announced investigation, biggest importer, combed cotton, cotton bales, dumping US cotton, global trade, non carded cotton, price sink, Turkey, Turkish cotton industry, US National Cotton Council, US upland cotton

Turkey, the biggest importer of US upland cotton last year, buying 1.1 million bales worth about $500 million announced the investigation into possible dumping of US cotton in the country, the US government and an industry group said, the third dispute over US cotton in recent years and a sign of rising tensions in global trade as prices sink.

Related Keywords: Asean, competitive advantage, European Trade Policy and Investment Support Project, export-import duties, Japanese market, preferential tariff, RCEP agreement, trade barriers, Vietnames made textile product

Vietnamese-made textile products at present enjoy a preferential tariff in Japan due to ASEAN+1 (ASEAN plus Japan) and the Vietnam-Japan Economic Partnership Agreement as similar items from China are subject to 15-20% tariffs.

Preferential tariffs may no longer be a competitive advantage for Vietnamese goods over those from China in the Japanese and South Korean markets after the Regional Comprehensive Economic Partnership (RCEP) agreement is signed.

Related Keywords: buying house, designers, Dubai world trade center, high-end manufacturers, international players, range of textile, show organizer Dilip Nihalani

UAE’s first ever International Textile Fair (ITF) a premier platform for FASHION, FABRICS and CLOTHING. The Fair aims to become a major influence on the UAE fashion scene is supported by Dubai Customs, Emirates airline and the Textile Merchants Group (TEXMAS) which represents 800 wholesale textile traders of Dubai.

The highlight of the event will be Pre-collection Spring/Summer 2015 and Autumn/Winter highlights.