Resurgence has been witnessed in the Indian textile sector with the introduction of Foreign Direct Investment (FDI). Maximum utilization of FDI has been ensured by the textile minster and his ministry. The government is providing grants under market access initiative and market development assistance scheme for this purpose.
The Punjab based textile industry needs immediate attention of the government, as continuity of the industry wheel can be the only way forward of growth, employment and exports of country for which both energy affordability and security must be ensured at all costs.
The textile cluster project at Malegaon designed under the scheme of the Union Ministry of Micro, Small and Medium Enterprises (MSME) spread over two acres with a built-up area of 39,276 sq.ft is almost complete and will start operations on a trial basis from August 26.
Kenya plans to push its current 300 million dollar worth of textiles exports to at least one billion dollars in the next two years for which they need to reduce the cost of doing business and at the same time improve the ease of doing business.
According to Industrialization Cabinet Secretary Adan Mohammed to achieve the target of one billion dollars of textile exports annually to the U.S. in the next 24 month, the goal will only be achieved if Kenya becomes a low cost apparel manufacturing country.
As Turkmenistan farmers are getting ready to start cotton harvesting later this month, the final agro-technical works are being carried out on the country's 545,000-hectare cotton fields. This year, the farmers are expected to harvest a total of 1,500,000 tons of cotton.
Some 500 cotton harvesters, 700 tractors, commercial vehicles, trailers and other equipment will be involved in the harvesting process in Turkmenistan.
Colombo Fashion Week (CFW) is constantly looking for ways to take Sri Lankan designers global, giving them greater exposure and the opportunity to reach the world have recently inked an MOU with ASIAN Fashion Week (AFW), keeping in line its objective of showcasing Sri Lanka’s fashion design industry on a global platform.
Capatex, a Basford based manufacturer of technical and industrial textile set up in 1995, has been offered financial support by the Nottingham Technology Grant Fund, known as N'Tech, to help promote its expansion plans.
Gabriel Strauss, the managing director of Capatex, said that the N'Tech grant is a fantastic opportunity for them to identify areas where capital investment is most needed to achieve growth and to satisfy increasing customer demand.
Pakistan Jute Mills Association (PJMA) has urged the government of Pakistan to follow the measures adopted by Bangladesh government to support its Jute sack Industry. Pakistan’s government has been frequently neglecting the jute sector, which was supporting more than 125,000 people directly and indirectly.
Pakistan Jute Mills Association (PJMA) Secretary General Mohammad Younus pointed out that Bangladesh’s Appellate Division of the Supreme Court had supported their government’s decision to make use of jute bags necessary for rice packaging.
Pan Brothers, a publicly listed garment manufacturer of a number of world famous brands is all set for a massive three year expansion to help the company tap the potential of Southeast Asia’s emerging garment markets.
Pan Brothers manufactures brands like Nike, North Face, Lacoste and Emporio Armani and exports 99 percent of its sales. The company’s biggest export market is Asia, which gets 39 percent of total sales, followed by the United States and Europe with 30 percent each.
One of the leading focuses of the Modi Government, the textile industry, is all set to foster as an apposite move has been made by the Union Textiles Minister to burgeon the sector’s exports.
He announced that the Government is providing grants under Market Access Initiative and Market Development Assistance Scheme. The grants include assistance to textiles exporters for export promotion activities abroad, assistance to textiles export promotion councils (EPCs) to undertake export promotion activities for their products and commodities.
