The textile industry is on growth track, as the year 2013-14 as turned up to be encouraging with no shortage of cotton yarn at any point of time during 2013-14 was seen in the domestic market, according to T Rajkumar, Chairman, Southern India Mills Association (SIMA).
Zegna Baruffa, an Italian leader in the production of fine yarns for top-quality knitwear, together with its Chiavazza and Botto Poala lines to introduce the novelty of the season, Cashmore, a category of innovative knitting yarn as its Autumn/Winter 2015-16 yarn collection at Pitti Filati.
The collection is produced using rare and valuable Super 180’s wool, sourced from lush grazing-lands in New South Wales and Victoria. This wool is finer than cashmere and in order to protect their precious fleece from impurities and atmospheric agents, sheep are often dressed in a white coat.
Indian textile and garment exports have see a sharp rise by 6 percent to the US in the first four months of 2014 due to dip in garment shipments from Bangladesh over safety compliance from global buyers.
Federation of Indian Chambers of Commerce (Ficci) envision textile sector to touch $145 billion of export in the next ten years with the support of the new textile policy.
India, the world's second-biggest cotton producer with strong global demand flowing from buyers beyond China as increased its export estimate for the crop year ending September by 27 per cent on Wednesday.
The new estimate of 11.4 million bales is also higher than India's shipments last year and could further pressure New York cotton futures that hit their lowest in about one and half years on Tuesday. (1 Indian bale = 170 kg)
Taiwan gets a great stage and sales opportunity for its innovative fabrics made of recycled plastic bottles at FIFA World Cup 2014. FIFA estimates that the 2014 World Cup will generate US$40 billion in revenues, and with the apparel industry the major beneficiary, a potential jackpot awaits for the Taiwanese enterprises that have turned waste into gold.
The fabric traces its origins back to the 1990s, when Taiwanese producers needed to respond to declining orders that were being diverted to China to take advantage of its cheap labor.
With mills and spinners taking interest in fresh deals little improvement was witnessed on Wednesday in the trading activity at the Pakistan cotton markets.
While there was no change seen in the official spot rate at Rs 6,300, the prices of seed cotton from Sindh was at Rs 3300 and Rs 3350, and in the Punjab rates jumped by Rs 100 to Rs 3400 and Rs 3350.
The Indian Cotton Advisory Board has marked cotton production on the higher side this year at 39 million bales compared to 36.5 million bales last year while the total demand for cotton this cotton year is pegged at 40.1 million bales compared to 38.4 million bales last year.
Due to improved quality of the seeds, India’s average cotton yield in 2013-14 has increased by nine percent to 565.36 kg per hectare (ha) despite the area under cotton dropped to 11.73 million ha compared to 11.98 million ha in 2012-13.
Vietnam's top textiles manufacturer, Vinatex or Vietnam National Textile and Garment Group to fund restructuring and boost profit plans to sell stakes, in a listing it hopes would accede with the agreement of the Trans-Pacific Partnership (TPP) - a 12-nation pact that would cover a third of global trade.
Vinatex will conduct its IPO on the Ho Chi Minh Stock Exchange on July 22, offering 24.4 percent of the company, or 122 million stakes, at a starting price of 11,000 dong (52 U.S. cents) each.
Telangana Government’s plans to develop textile industry in Sircilla on the lines of Tirupur in Tamil Nadu, referred to as the knitwear capital of India, has resuscitate among the power loom weavers.
The town and its surrounding areas were rocked by a spate of suicides by the weavers due to crisis in the industry, unemployment and invasion of jet looms for over a decade. Replicating the Tirupur model for the textile town in Telangana can work wonders, only if there is an attitudinal change among the power loom weavers.
