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Related Keywords: Bangladesh Bank scheme, Bangladeshi jute sector

Bangladeshi business people in the jute sector including exporters and jute mills will now get bank loans with a lower rate of interest under the new Bangladesh Bank (BB) scheme. The central bank is going to initiate its own refinance fund to the tune of Tk 2.0 billion for the jute sector after have refused by the government to provide a payment guarantee against the scheme.

A complete proposal will be presented before the board of directors of the Bangladesh Bank (BB) seeking approval of the scheme with the revolving fund having the tenure of five years.

Related Keywords: Antidumpting duty, PTA, synthetic fabric

With the central government imposing anti-dumping duty last week on the import of purified teraphthalic acid (PTA), a raw material for the production of polyester chips which in turn are used to manufacture polyester filament yarn, polyester staple fibre and polyester film. The levy of anti-dumping duty will lead to increase in the prices of polyester yarn and subsequent rise in the prices of synthetic fabrics like saris and dress material. The prices of synthetic fabrics are set to increase by nearly 15 percent.

Related Keywords: Indian cotton export

India, the world's second-biggest cotton grower having already exported 8.8 million bales of natural fibre and is expected to ship 10 million bales in the current 2013-14 marketing year will see a downward trend in its cotton exports in the 2014-15 marketing year starting August as exportable supplies will be curbed by domestic demand and lower production.

According to the latest report on cotton by US Department of Agriculture (USDA) India’s cotton exports are likely to plunge by 23 percent to 7.7 million bales in the marketing year 2014-15. One bale comprises of 170 kg of cotton.

Related Keywords: textile sector, Zambian cotton industry

ZAMBIA has vast potential in cotton and textile industries which can be turn into sustainable forex earners as cotton production and textile development go hand in hand because the two sectors are interdependent.

According to Deputy Minister of Agriculture and Livestock Greyford Monde, the growth of the cotton industry is vulnerable to due lack of cost-effective farming strategies, which have ultimately resulted in a reduction in farmers’ participation.

Related Keywords: gas supply, Pakistan textile industry

Pakistan textile industry has been facing gas and power supply issue is the affecting the performance of the industry. The government need to act on this issue immediately as it has no other alternative but to assure uninterrupted gas and power supply to textile mills in an effort to help sustain the 15% growth in exports that the industry has been posting since January.

Related Keywords: cotton yarn export

The southern textile mills after having done well for the last 10 month of the year in cotton yarn exports is facing a slow down in February-March due to drop in demand. However, the demand has not fallen sharply and expected to revive in April or after the elections.

According to Industry sources, on an average 120 million kg of cotton yarn was exported a month from the country for 10 months from April last year which is now reduced. China who had increased purchase in December and January has slowed down in February.

Related Keywords: Pakistan cotton

Pakistan cotton crop season has turned out to be a good year as it registered an increase of around 4.97 lakh bales during the crop season 2013-14 March ending as compared to the corresponding period last year. The country has received more than 13.38 million cotton bales during the crop season.

Till April 1, 2014 during fortnight, the country produced around 120,100 bales while during same period last year, the country produced more than 120,300 bales.

Related Keywords: Monterey Mill, Sliver knit fabric industry

Monterey Mills is an industry leader in the American sliver knit fabric industry and the premier supplier of paint roller fabric. It offers a broad range of fabrics for industrial applications including paint rollers, air & water filtration, medical grade fabrics, buffing pads and more. Monterey Mills has earmarked $250,000 to invest for Glenoit Fabrics in Tarboro, NC to gain a greater share of the growing sliver knitting industry.

Related Keywords: carpet facility, Suminoe textile

Japanese based Suminoe Textile of America Corporation a leading supplier of textile products for the North American automotive market, who began its operation operations at Gaffney facility in the United States in 2003 is planning to expand its needle punch carpet facility in Cherokee County that makes automotive carpeting.

They utilize processes developed by their parent company to provide carpet with superior NVH performance with dramatic reductions in product weight.

Related Keywords: Pakistani textile expo

Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) in association with EVECON under the aegis of the Ministry of Commerce & Textiles of Pakistan and the All India Association of Industries has organized for the first time Pakistani exhibition, ‘Made in Pakistan Expo 2014’ to promote Pakistani garments and clothing in India.