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Related Keywords: APTMA, Pakistan textile exporter, rebate

The All Pakistan Textile Mills Association (APTMA) upset with the sudden surge in rupee value against dollar moreover it is continuing to raise disconcerting textile exporter’s business headway. They have urged the government to fix the rupee dollar parity to shield exporters from exchange losses and pay them 10% rebate against inventory looses incurred by them due to this.

The demand to pay 10% rebate will on business deals which the textile exporters had done during the period March-September 2013. As they get export payments after a gap of 90-120 days.

Related Keywords: Ikat art, saree, Textile Park

Pochampally Handloom Park Ltd is an integrated textile park that houses designing, dyeing and weaving facility for textiles under a single roof. It holds mela every month to ensure that their products reach out to the public directly. This time, Ikat art is on display at the mela which opened on Tuesday. Apart from the modern collection of sarees, handmade woven, traditional weaves like Telia rumal, Pan Patola and Nari kunj are the highlights of the mela.

Related Keywords: Uganda cotton sector

Uganda, once a leading exporter of quality cotton some years back is facing a major decline as most cotton producing areas are located in hard to reach areas which contribute to poor and less production. Moreover it is exported in the raw form, further affecting cotton exports.

The Trade minister would be put forward their recommendations at the 9th ministerial conference in Bali, once the recommendations get implemented, Uganda to see a revival in its cotton sector.

Related Keywords: Better Cotton Initiative, cotton production

The project Better Cotton Initiative (BCI) has managed to reached around 7.5 lakh farmers who will work to produce almost one million tons of Better Cotton with project spending of €9.6 million for 2014.

Better Cotton farmers will use up to 20 percent less water, 67 percent less pesticides, and use more organic fertilizer, to make their crop more profitable.

An investors meeting was conducted by the committee of Better Cotton Fast Track Program (BCFTP), in Delhi, India, where 50 Better Cotton projects were approved across India, Pakistan, China, Mozambique and Mali.

Related Keywords: Pakistan cotton market, spinning industry

Low cotton demand was witnessed over sudden change in the export parity with rapid revaluation in exchange rate by 12 percent. Moreover, the spinning industry has already built upon their cotton inventory at higher prices and only around half a million bales are currently held by ginners, their competitive edge has been totally scoured.

There are reports that around 60 to 70 spinning units have already closed down due to huge loss incurred against their export commitments made earlier at around Rs106 to a dollar.

Related Keywords: Indonesian textile export, Textile Industry

Indonesian textile exports has reached $697.5 million in the first two months of this year as per the Trade Ministry statistics and is expected to speedy increase during this year with exports order flowing in from United States and larger orders will also be coming from the EU with the start of trade talks between the EU and Indonesia.

Indonesia and 28 EU members have planned to take up again talks on a thorough economic partnership agreement after several delays due to various purposes. The deal is expected to triple Indonesia’s textile exports within five years.

Related Keywords: handloom sector, Revival Package, Textile Ministry

The government to improve the low prevailing efficiency of handloom sector plan to implement a revival, reform and restructuring package. Handloom sector with 27-28 lakh handloom household units and around 43 lakh handloom weavers working is able to contribute only 11% of the total cloth production, thus needs attention.

The Indian Textile Ministry has come up with a proposal aimed to reduce the debt overhang face by the handloom sector and help it grow.

Related Keywords: cotton export, Malawi cotton ginnery

Malawi government’s plan to add cotton Ginnery in Karonga District with the vision to not only improve its economy by exporting more volumes of cotton and boost more foreign exchange for smooth running of government but create more employment opportunities is well in line.

The Malawi President commissioned the Ngara Cotton Ginnery in the area of Traditional Authority Mwirang'ombe in the district. This is one of the three [cotton] ginneries constructed in all the regions of Malawi within two years.

Related Keywords: Australian Chinese wool industry, AWI, trade delegation

Australian government delegation visited China to intensify relationship between Australian and Chinese wool industries, supported by Australian Wool Innovation (AWI), the owner of The Woolmark Company.

Australa exports over 75 percent of its wool clip to China for processing. Earlier, the substantial quantity of this wool was processed and re-exported. But today, about a third of this wool stays within the Chinese market as the Chinese consumers and textile companies are getting well informed on the fibre's intrinsic natural benefits.

Related Keywords: polyester filament yarn, RIL

Reliance Industries Ltd (RIL), the largest producer of polyester fibre and yarn in the world has commissioned its new ultra-modern Polyester Filament Yarn (PFY) facility which is most automated and eco-friendly plant in Silvassa.

With this RIL’s total PFY capacity including theMalaysian facilities, goes over 1.5 million tonnes per annum (mtpa). This has further upsurge their position as world’s largest producer of Polyster Fiber and Yarn, company said.