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Related Keywords: cotton production target, Ginning factory, new cotton season, Pakistan cotton market

Pakistani new cotton season 2014-15 has taken off with some good amount of phutti reaching ginning factories of Punjab, as sowing in Sindh is delayed due to cyclone. Previously, the new cotton season started from Badin, Thatta, Sindh and Ghuddo.

Around 4000 maund phutti (equal to 300 bales) arrived at two ginning factories of Haroonabad, Punjab. Ginners are expecting that two factories of Shahdadpur are also likely to start operation during the week to start supply of new cotton crop to textile mills.

Related Keywords: garment sector, textile exports, TPP economies, Vietnam textile sector

Textile and garment sector of Vietnam has been playing an important role in national socio-economic development of the country. Not only the textile and garment sector in recent years has witnessed fast and sustainable growth but has been contributing significantly to country’s total export revenue. Vietnam's garment and textile sector earned US$19.8 billion from exports in 2013, up 16.9 percent year-on-year of which garments and textiles exported to 11 TPP economies stood at over US$11 billion

Related Keywords: Budget 2014-15, finance minister Arun Jaitley, labour intensive textile industry, modernisation and upgradation of textiles industry, Technology Upgradation Fund Scheme, TUFS

The forthcoming first Budget 2014-15 of the new government in India is likely to enhance incentives to the labour-intensive textile industry which will boost its exports and manufacturing productivty.

The government may increase allocation for the Technology Upgradation Fund Scheme (TUFS) in the Budget as part of the support to the textiles sector. TUFS was launched in 1999 to facilitate modernisation and upgradation of the textiles industry by extending credit at lower interest rates to entrepreneurs both in the organised and the unorganised sector.

Related Keywords: cotton spinning facility in Pakistan, Faisalabad Industrial Estate Development and Management Company, FIEDMC, Largest textile mill in Pakistan, Shandong Ruyi Technology Group, textile industry in Pakistan

China’s fifth largest textile company, Shandong Ruyi Technology Group is investing US$2 bn to set up the largest cotton spinning facility in Pakistan. It has already bought 1,036 acres of land out of the total area of 4,500 acres in an industrial zone operated by the Faisalabad Industrial Estate Development and Management Company (FIEDMC),

Related Keywords: Directorate-General of Competitiveness France, Industrial Development Bureau, MoU between Taiwan and France, textile in France, textile in Taiwan

A memorandum of understanding was signed between Taiwan and France on June 12 in Paris, paving way for wider textile-related cooperation between the two nations. Under the agreement, both sides have agreed to boost bilateral personnel exchanges to promote joint marketing, production, R&D and technology transfer. The MoU was signed between Taiwan Textile Research Institute and UP-TEX.

Related Keywords: AEPC, Apparel Export Promotion Council, garment export from Bangladesh, garment export from Vietnam, textile exports China, textile exports Germany, textile exports Italy, textiles export from India

According to data released by the India garment exporter body, Apparel Export Promotion Council, textiles exports in 2013 were at US$40 billion, ranking second in world trade. It has overtaken Germany and Italy to emerge second largest textile exporter, but lags China, World No. 1. China's exports are nearly seven times higher than India at US$274 billion.

Developing countries like Bangladesh and Vietnam have emerged as major suppliers to retail chains in Europe and the US on the back of cheap labour and lower-duty access.

Related Keywords: export of MMF fabrics, export of MMF made-ups, export of MMF yarn, export to Brazil, export to Italy, export to Pakistan, export to Turkey, export to UAE, export to USA, SRTEPC, Synthetic and Rayon Textiles Export Promotion Council

According to data released by the Synthetic and Rayon Textiles Export Promotion Council (SRTEPC), export of MMF yarn, fabrics and made-ups jumped 25 per cent increase in fiscal 2013-14 to Rs 31,000 crore from previous year. In March 2014, these exports registered a growth of 22.28 per cent to Rs 2,972 crore from Rs 2,375 crore in the corresponding month a year ago.
 
During the year, UAE, the USA, Turkey, Brazil, Pakistan and Italy were the leading export destinations that contributed majorly in the growth of export.
 

Related Keywords: Ministry of Textiles, Readymade Garment industry in india, RMG in india

In its first move, the newly formed government with Santosh Gangwar as minister for textiles, has brought Readymade Garment (RMG) industry under the Ministry of Textiles and Jute for smooth management and effective coordination, an official told news agencies.

"The decision to this effect was taken at an inter-ministerial meeting on 5 May," the official told agencies.

Related Keywords: area under cotton in pakistan, cotton crop in Pakistan, Cotton import from India, cotton imports in Pakistan, yarn import from india, yarn imports in Pakistan

The Pakistan Cotton Ginners Association (PCGA) has demanded complete ban on the import of cotton lint and yarn from India through Wahga border. The move comes at a time when the prime ministers of both the countries are in discussion to improve trade relation between the two nations.

Related Keywords: Cotton futures, cotton growing in USA, cotton prices, cotton sowing in texas, US Department of Agriculture

As precipitation improved over the last five days across Texas, the country's biggest cotton producing state, the prospect of improved supplies heightened showed the US government data. The data released after market close on 27 May reinforced expectations that fibre availability will improve in the coming season beginning 1 August. However, the release of the report led to cotton futures falling to a four-month low on 28 May.