The proposal to increase the cotton producer price by more than four percent this year is awaiting cabinet approval. With the proposal to rise the producer price for the crop was mutually agreed upon by the Mozambican government, cotton buyers and associations of peasant farmers who grow cotton.
Milco Industries is fully integrated Tricot fabric manufacturer with the knitting and dying facilities located in Bloomsburg Pennsylvania as part of its textile capacity expansion strategy has taken over Fablok Mills Inc. a Murray Hill, N.J. based producer of raschel and tricot fabric, designed and constructed to prevent unraveling. With the acquisition of Fablok Mills, their product line will complement Milco’s already broad offering of quality knitted products.
Ruyi Group, China-based textile and apparel manufacturer has entered into partnership with Lectra, a Paris based, the world leader in integrated technology solutions. Through this partnership Lectra will implement best practices and optimize Ruyi’s manufacturing process to move to a lean approach for their apparel design and production for a highly efficient and smart menswear production line.
CAF development bank of the Latin America to improve the social and economic condition of the small and medium-sized (SMEs) enterprises engaged in Peruvian textile and manufacturing sector together with multilateral organization has come up with a project, Fair Trade System.
With U.S. agreeing to export 6.39 lakh bales in the marketing year 2013-14 to Indonesia, the fifth largest importer of U.S. cotton. The 16-member Indonesian textile delegation includes 12 textile executives of major Indonesian companies to tour U.S. cotton belt. This special cotton trade mission tour has been conducted by Cotton Council International and National Cotton Council’s export promotions arm.
The London Textile Fair to showcase Pre-collection Autumn/Winter 2015 and Spring/Summer highlights with over 250 exhibitors. The Fair continues to expand with each event and is now a major influence on the UK fashion scene. This time, Asian manufacturers have shown tremendous interest to participate in the event.
With spinning mill-owners gradually getting back to the commodity markets after imposition of duty on import of cotton yarn, however, cotton trading activities at the Pakistan cotton market remained meek.
According to broker at the Karachi Cotton Exchange, activities are expected to improve further; following the government withdrew exemption of five percent duty on import of cotton yarn.
The Indian knitwear industry to soon see their dream coming true as Zohra Chatterji, Secretary, Union textile ministry will be inaugurating the Knitwear Technology Mission Centre on 6th May in Tirupur.
The KTM, an Rs.13 crore project by Apparel Export Promotion Council (AEPC) will focus on newer and greener technology in manufacture; enhance designing capability of knitwear sector aimed at higher value addition across the apparel value chain and also to bring round the year business.
Japan has diverted its business to other textile producing countries Vietnam and Cambodia from China due to the political unrest between Beijing and Tokyo due to which Japanese textile imports from China has dropped from 86 percent to 74percent of its total purchases of $40b last year. Pakistan textile exporter from Faisalabad stand a chance as the Japan have shown keen interest on sourcing their imports from them but with the growing energy crisis faced in Pakistan, they are likely to lose this chance and would be in a position to grab big opportunities.
Indian export performance in 2013-14, sees tremendous rebound in textile exports to other products like crude oil, petroleum products and gems and jewellery. Not only exports but India’s textile production increased 4.6 percent in April-February 2013-14 even as the index of industrial production dropped by 0.1 per cent.
