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Mega handloom cluster to start operations in October likely to be a game changer for Chirala weavers

Related Keywords: Chirala weavers, hub of textile business, innovative designs, Mega Handloom Cluster, modern compressed looms, modern design studio, yarn bank

The Chirala is major hub for textile business in the district of Prakasam. Chirala area handloom industry is famous since time immemorial for producing variety of fabrics which brought name and fame to the nation as well as to this area.

Even before the Industrial revolution taken place in the west, the rural artisan weaver of Chirala had done marvelous work of producing 7 yards of transparent sari which could be folded and kept in a match box, which speaks of highest excellence in the art of weaving, unmatched skill and talent of handloom weaver of this area.

Botswana Clothing and Textile Association formed to boost apparel industry

Related Keywords: AGOA, Botswana Clothing and Textile Association, Botswana’s apparel industry. improve capacity, duty-free incentive, export finished product, import raw materials

Botswana Clothing and Textile Association (BTCA), a new textile association was formed to enhance the industry’s growth and sustainability in the country, as well as utilize duty-free incentives promised under the African Growth and Opportunity Act (AGOA) before it expires in 2015.

The Botswana Clothing and Textile Association is based in the capitol city of Gaborone, officially launched in August. The association will direct most of its efforts to better equip companies to take advantage of AGOA, and assess those that are using the agreement.

Ministry of Textiles calls for high level meeting of all state government to discuss new and existing textile schemes

Related Keywords: all state government, High level meeting, innovative business model, modificaion of existing scheme, powerloom weavers, TexFund, textile clusders, textile miinister, TUFS

A high-level meeting of all state governments will be held with textile minister to discuss new schemes and modification in existing schemes in the textile sector. Many issues are likely to feature in this high level meeting.

Cotton prices currently under pressure

Related Keywords: cotton price, Ginners, Karachi Cotton Association, lint, Pakistan cotton market, Pakistan domestic market, seed cotton

With higher arrivals of phutti (seed cotton) and increased selling by ginners, cotton prices witnessed drop on Thursday. At the beginning ginners indulged in panic-selling which further pushed down lint prices as millers and exporter showed very little buying interest.

Exporters are facing difficulties in meeting export parity due to falling prices world over. Cotton prices are currently under pressure with China reducing its buying which is the single largest importer of cotton and cotton yarn.

Chinese investors see ample scope for investment in Pakistan textile sector

Related Keywords: APTMA, Pakistan textile industry, Technical textile, Yantai Chamber of Commerce

Head of Yantai Chamber of Commerce, China Du Yonggang during a visit to APTMA Punjab on Thursday said that the visit of Chinese delegation to APTMA has improved understanding of Pakistan’s textile industry among Chinese businessmen.

He expressed the hope that Chinese prospective investor will analyze the information provided by APTMA and decide undertaking investment in Punjab. Various industry projects including technical textile could be the prospective future cooperation between China and Pakistan.

Parkdale acquires Summit Yarns’ Mexican manufacturing plant

Related Keywords: International Textile Group, mexican manufacturing plant, Parkdale, Summit Yarns, US operations

Gastonia-headquartered Parkdale, which employs 300 workers in Gaston County, confirmed acquisition of Summit Yarns’ Mexican manufacturing plant. This should only strengthen its local and U.S. operations, according to company President Dan Nation.

Financial terms of the purchase, which closed Aug. 28, and the cost of projected plant upgrades, were not disclosed, but Nation called them “substantial.”

Industries minister of MP urges centre to set up EPC and textile research association

Related Keywords: annual conference of states textile ministers, Commerce and industries minister, export promotion council, Madhya Pradesh textile industry, textile research association, trade fair, Yashodhara Raje Scindia

Commerce and industries minister Yashodhara Raje Scindia addressing annual conference of states' textile ministers in New Delhi on Wednesday informed that Madhya Pradesh is 5th in the country in cotton production and hence has urged Union minister of textile Santosh Gangwar to constitute Textile Research Association and Export Promotion Council in MP.

It has 40 spinning mills, 8 special weaving units, 12 export-based units and 43,290 powerlooms and employs over 3 lakh people in textile industries in the state.

Proposal for development of handlooms, handicrafts and sericulture in the North Eastern Region

Related Keywords: Commerce and Industries, Govindas Konthoujam, handicraft, Manipur handloom industry, Minister of Sericulture, NERTPS, new textile policy, powerloom, Santosh Gangwar, sericulture, Textile ministery

The Annual Conference of State Textiles Ministers was held on Wednesday at Scope Complex, Lodhi Road where Union Minister of State (Independent Charge) for Textiles Santosh Gangwar discussed the provisions of the proposed New Textile Policy such as introducing flexible labour laws and setting up integrated textile parks with States.

Participating at the conference, Govindas Konthoujam, Minister of Sericulture, Commerce and Industries, Manipur introduced a brief account of the status of handloom industry in Manipur.

Textile manufacturer Warm Company to expand its existing textile plant and distribution center

Related Keywords: distribution center, expansion plan, financial incentives, nonwoven textile, sewing industry, textile manufacturer, textile plant, Warm Company

The Warm Company, textile manufacturer dedicated to providing innovative quality products for the quilting, crafting, and sewing industry as part of its expansion plan would be investing a $4.9 million to expand its existing textile plant and distribution center off Old Sunset Hill Road which will create at least 10 new jobs.

Textile ministry to introduce venture capital fund to support start-up entrepreneurs

Related Keywords: initial fund of 35 crore, Integrated Processing Development Scheme, integrated textile parks, launch, Minister of state for textiles, Santosh Gangwar, SIDBI, start up entrepreneurs, Tex-Venture Capital fund, textile ministry of India, venture capital fund

Minister of State (Independent Charge) for Textiles, Santosh Gangwar, at the annual conference of State textiles ministers held yesterday announced that the Textile Ministry plans to launch a venture capital fund with an initial corpus of Rs.35 crore in association with the Small Industries Development Bank of India (SIDBI) to support start-up entrepreneurs in the sector.

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