News Tags

Related Keywords: APEX3 3D design system, flat knitting machine, Japanese manufacturer, newest selection, private exhibition, Shima Seika Italia, Total Knitting System concept. knit supply chain, Treviso office

Shima Seiki Italia, an Italian subsidiary of leading Japanese computerised knitting machine manufacturer Shima Seiki MFG, will hold a private exhibition to showcase the company's newest selection of computerised flat knitting machines at its Treviso office, Italy from 24-26 September.

This follows its successful showings at its headquarters and showroom in Segrate, Milan, this March, as well as its office in Carpi in June.

Demonstrations will also be performed on the company’s SDS-ONE APEX3 3D design system that is at the core of the company's Total Knitting System concept.

Related Keywords: 90 percent for foodgrains, dilute mandatory jute packaging, Jute Industry, Jute Packaging Materials Act, performance and production trends, product diversification, Union textiles ministry

The Union textiles ministry keeping in view the performance and production trends of sacking bags of the jute industry over the years has proposed to dilute the mandatory jute packaging order mandated under Jute Packaging Materials Act (JPMA), 1987.

The dilution moves is also aimed at gradually decreasing the dependence of jute mills on sacking and persuade them to go for product diversification.

Related Keywords: Agriculture, AVIM, bilateral relations, field of textiles, groups 76 Vietnamese businesses, investment incentives, Myanmar, open-door legal system, raise investment, USD1.5 billion

The Association of Vietnamese Investors in Myanmar (AVIM) which groups 76 Vietnamese businesses including many big corporations and groups looking forward to raise their investment to around 1.5 billion USD by 2015 in Myanmar, thus placing Vietnam among the five largest foreign investors in Myanmar.

Related Keywords: 65 local businesses, business to business meetings, Doing Business in Ethiopia Forum, Ethio-Canada Business and Investment Summit 2014, international investors, participating, showcase existing business, textile/garment, WAFA

The Ethio-Canada Business and Investment Summit 2014 to be held on September 15, organized by WAFA Marketing and Promotion PLC and the Ethiopian Embassy in Canada. The Ethiopian Ministry of Foreign Affairs and the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) are co-organizers of the summit.

WAFA said the Ethio-Canada Business and Investment Summit is organized under the auspices of the larger Canada-Africa Business Summit, 2014 scheduled to be held from 15 to 18 September in the same venue.

Related Keywords: Domestic suppliers, export touches US$2.2bn, foreign currency earner, Free trade agreement, modern production model, raw materials import, Vietnam textile and garment sector

The textiles and garment sector is one of the largest industries in Vietnam and a top foreign currency earner. Its textile and garment export turnover has touched US$2.2 billion in August, an increase of 0.2 per cent from July.

But despite the high turnover the value added of the industry remained relatively low due to its reliance on imported raw materials, said General Secretary of Vietnam Textile and Apparel Association, Dang Phuong Dung.

Related Keywords: develop national machine building industry, import of industrial equipment, nonwoven industry, Russian government, Russian industrial production, western countries

The Russian government has recent taken up decision to impose a ban on the import of industrial equipment from Western countries. The decision was the Russian government’s response to recent sanctions, imposed on the country by the European Union and the United States, which has resulted in the ban on the import of a range of goods and products for various segments of Russian industrial production.

Also up to 90% of modern equipment for industry is currently imported from abroad, while local producers are still unable to compete with importers.

Related Keywords: brand value, common online portal, Ludhiana textile industry, manufacturers and retailers, marketing chain, Nahar Group, popularize Indian brand

Ludhiana one of the leaders in textile industry has decided to go high-tech by starting a common online portal for the ease of business in which they would have 100 manufacturers and retailers. This online portal which is seen as an endeavor to popularize the Indian brands especially the one from city.

Related Keywords: diversify export markets, FDI, Indian brand, Indian brands, investment policy, Ministry of Textiles, multi brand retail, restricting to Indian apparel brands, Turkish model, venture overseas

At present, foreign direct investment policy does not allow any FDI in Indian brands or retail but only in foreign brand/retail, which is owned and operated by an international company.

The ministry of textiles under the newly formed BJP government has a contrarian view on the allowing foreign direct investment (FDI) in multi brand retail. In its strategy report for the sector has recommended FDI in single and multi brand retail under automatic route, even though restricting its views only to Indian apparel brands.

Related Keywords: AGOA, Dignity DTRT company, focus on finished products, Ghana textile industry, Ghanaian cotton industry, international market, raw material base

Ghanaian cotton industry which serves as the raw material base, is already receiving an appreciable measure of attention, and so government now plans to extend its focus to finished products.

The government to enable Ghanaian manufacturing companies take advantage of the growing opportunities in the international market is now targeting to increase investment in the textile industry, said President John Dramani Mahama during his familiarization visit to Dignity DTRT company, a garment production company in Accra yesterday.

Related Keywords: cotton fiber, cotton yarn, Dilbar Makhmudova, foreign investors, increase domestic processing, State JSC, textile exports, Uzbek banks, Uzbekistan, Uzbeklegprom

Uzbeklegprom State JSC has planned a five year project from 2015-2020 to increase domestic processing of cotton fiber for which the company will direct about US$1 billion and decrease its exports in line with the concept of developing light industry in Uzbekistan, the head of the Uzbeklegprom main department Dilbar Makhmudova told on Sept. 5.

A development program concept for the next five year was developed by Uzbekyengilsanoat in cooperation with several ministries and departments.