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BB to introduce block account loan facilities for private jute millers and exporters

Related Keywords: Bangladesh Bank, Bangladesh jute industry, block account, commercial banks, exporters, Extended Development Fund, jute millers, Ministry of Textile and Jute, refinance

The Ministry of Textiles and Jute at a number of meetings highlighted the urgency for refinancing the jute millers and urged the Bangladesh Bank to introduce the block account facilities to the millers to keep the sector stable.

Bangladesh Bank (BB) to help private jute millers and exporter overcome the acute liquidity crisis which put most of mills in dreadful straits has directed the commercial banks to provide "Block Account" loan facilities.

Coir Board primed to strengthen and create a new eon of coir fibre

Related Keywords: Central Coir Research Institute, Coir Board, coir fibre, coir products, eco-friendly safe technologies, Indian coir industry, REMOTE scheme, roadshow

Coir Board, established by the Central Government for the promotion and development of the coir industry as well as the export and marketing of coir and coir products, has set extensive plans to strengthen the coir sector with innovative and eco-friendly safe technologies.
 
The technologies and machineries developed by the Coir Board helped improve the different areas of application of coir benefiting over 7 lakh workers in the sector with over 80 percent being women.
 

Indian yarn shipment plunged 20% over lesser demand from China and Pakistan GSP status

Related Keywords: China, coarser and medium count, Confederation of Indian Textile Industries, cotton price, EU, Indian yarn shipment, lesser demand, Pakistan GSP plus status, plunge, SIMA, yarn export, yarn price

Indian yarn shipment plunged to about 100 million kg in April and, according to industry estimate, further to 90 million kg each in May and June, after clocking average monthly exports of about 120 million kg in 2013-14, which was 33% more than the previous year.

In the first quarter ended June, yarn exports witnessed decline by about 20% year-on-year, with China reducing its fabric production due to which lesser demand from China, there has been an impact on yarn imports.

Joint business forum meeting to be held between Pakistan and India

Related Keywords: boost trade, Fourth meeting, Pakistan-India joint business forum, Pakistani delegation, removal of non-tariff barriers

Fourth meeting of the Pakistan-India joint business forum to be held in India, a team of Pakistani delegation will be in India on Wednesday to attend the forum and will be discussion ways and means to further boost trade between the two countries.

The two-day meeting will begin in New Delhi on Thursday in which Syed Yawar Ali Shah, co-chairman of the forum from Pakistan side, will lead the delegation.

The implementation on recommendations of task forces, removal of non-tariff barriers and visa-related issues will also come under discussion during the meeting.

Tribute to traditional Mexican shawl at London show

Related Keywords: fashion, Franz Mayer Museum, Frida Kahlo, London, Made in Mexico, Mexican, Mexico city, Rebozo, Spring 2015

The traditional Mexican `rebozo` a laborious hand woven shawl which was popularized by Frida Kahlo, the late Mexican painter is the focus of the "Made in Mexico" exhibit at the Fashion and Textile Museum in London.

The exhibit explores the role that fashion has played in promoting Mexican culture worldwide from the 17th century to the present and highlights the rebozo as a symbol of Mexican identity. It is unclear when the first rebozos were woven, although the first references to this garment appear in the 16th century.

Handloom Mark made compulsory for weaving sector in Odisha

Related Keywords: exhibition and craft fair, Government of Odisha, Handloom Mark, Handlooms, original handllom, Textiles and Handicraft department, unique brand image, Weaving sector

In a bid to create awareness about benefits of the Handloom Mark, a unique brand image for original handloom goods, the Handlooms, Textiles and Handicrafts Department has decided to make it compulsory to adopt Handloom Mark for weaving sector.
 
The exhibitions and craft fairs hosted by the Development Commissioner (Handlooms), Ministry of Textiles, and Government of Odisha will not allow weavers and primary weaver societies to participate in such event unless they take on the Handloom Mark scheme for their hand woven products.
 

Role of jute needs evaluation in the changing world economic and environmental scenario

Related Keywords: allied fibre, environmental scenario, golden fibre, international conference on natural fibres, Jute Industry, NIR-JAFT, President Pranab Mukherjee, world economic

President Pranab Mukherjee at the inauguration of the international conference on natural fibres, marking the end of the platinum jubilee celebrations of the National Institute of Research on Jute and Allied Fibre Technology (NIR-JAFT), Mukherjee said that a host of reasons has led to the disquieting trends in the jute industry and called for collaborative effort by all stakeholders to develop the jute sector.
 

World cotton consumption to touch 24.5mn tons. production to stand at 25.5mn tons in 2014-15

Related Keywords: cotton price, International cotton advisory committee, Polyester price, production, Worl cotton consumption

World cotton consumption is projected to upsurge by five percent to touch 24.5 million tons, while cotton production to stand at 25.5 million tons in 2014-15, down from 26.1 million tons in 2013-14, according by International Cotton Advisory Committee (ICAC) as cotton and polyester prices congregate.
 

Textile heritage of Northern New Mexico Colcha embroidery making a comeback

Related Keywords: churro sheep, Colcha embroidery, Española’s Bond House Museum, hand dyed wool, handspun, Loretta Atencio, New Mexico Spanish Colonial, Sabanilla

Colcha, a unique style of embroidery evolved in colonial New Mexico that is done in handspun, hand-dyed wool on a plain-woven wool ground cloth called sabanilla. Sometimes the entire ground is covered with embroidery. The subject matter included ornate and fanciful flowers or birds. Colcha is used for decorative wall pieces and altar cloths as well as household items.
 
Colcha nearly disappeared as recently as 10 years ago. Its revival can be traced to Spanish Market award winners, the Museum of Spanish Colonial Art and classes and workshops.
 

Value investing by mills and investors proliferated US cotton market

Related Keywords: cotton contract, cotton mill, fibre market, ICE Futures, Investor, proliferated, purchasing securities, US December cotton, US Department of Agriculture

The US December cotton which had lost 33 percent over the past two months has started gaining momentum as the efforts of cotton mills and investors have again proliferated the five year low fibre market by value investing and introducing the practice of purchasing securities to cover an open short position.

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