The Pandesara industrial estate in south Gujarat having more than 700 industrial units, including textile processing units, weaving units, engineering units, chemical units and other ancillary units etc. A 110 textile processing units will be for the first in the country will be making use of recycled water for processing unfinished synthetic fabrics, including saris and dress materials.
Shima Seiki MFG, a leading Japanese manufacturer in the computerized flat knitting machine having complete systems integration from planning, production to sales promotion along with its Korean subsidiary Shima Seiki Korea, has plan to hold a private exhibition where it will put on display its SDS-ONE APEX3 3D design system and also exhibit knitwear produced on its latest line of computerised knitting machines, including the innovative Whole garment knitwear.
The Vietnam National Textile and Garment Group (Vinatex) has entered into an agreement with the Bank for Investment and Development of Vietnam (BIDV), under the agreement signed BIDV will lend US$600 million to Vinatex in the period from 2014 to 2016. The loan package is signed to improve the textile firm production efficiency, invest in more projects, and upgrade their manufacturing technology.
Some trading activity was seen on the cotton market, after a quiet period. The cotton trade improved to 3,000 bales (155 kilograms each) as some spinning mill-owners made buying in order to deliver cotton yarn to their clients and some moved in to restocking on Wednesday.
Vietnamese products are made from material imported from China with the Trans Pacific Partnership (TPP) agreement which will be finalized this year to foresee ‘yarn forward’ principle. China not being a member of TPP, Vietnamese garment companies will not be able to take complete advantage of the low tariff due to the ‘yarn forward’ principle in TPP agreement.
Australian Wool Innovation (AWI) is familiarizing Vietnamese manufacturers to its wool products as many of the Vietnamese companies had not used wool until two year ago. A couple of knitters thought they were using wool but it turned out to be acrylic. This move will help the Australian wool industry reduce its reliance on China as at present, 75 per cent of the Australian wool is exported to China.
Ethiopia as a land of immense resources, growth and investment opportunity. It grows some of the world's finest cotton and has a rich textile spinning and weaving history. Moreover, the government has put several incentives in place, a priority given towards developing the textile and clothing industry across the value chain, a viable business environment and duty free market access to US and EU, yet its importance on a global scale remains inconsequential.
Raw silk imports from China has been steadily increasing with low prices, this has disrupted the domestic market and prices of cocoons and raw silk due to large volume of import at low prices. To boost domestic silk production, the government needs to extend anti-dumping duty on raw silk imports from China.
China is biggest exporter of raw silk to India accounting for almost 99 per cent of exported raw silk worth $224.5 million as of 2012-13. Raw silk imports from China grew at a compounded annual growth rate of 7 over per cent during the last 12 years from 2000-01.
Ayka Textile, a vertically integrated textile manufacturer, covering spinning, knitting, dyeing and sewing originally from Turkey moved to Ethiopia to stay competitive on the global market with an investment of 140 million dollars and build a vertically integrated subsidiary the Ayka Addis Group, which is operational since 2010. The group has planned one billion Birr investment plan to expand its textile production capacity and thus boost its exports.
The Commission for Agricultural Costs and Prices has proposed the government on setting crop rates. The panel has suggested the government to set record prices for purchases of cotton and other products from farmers as it will safeguard incomes of the farmers, according to government officials with knowledge of the matter.
The panel has proposed that the price the cotton to be increased by at least 1.25 percent. The long-staple cotton be increased to Rs.4,050 per 100kg from Rs.4,000 and the medium variety raised to Rs.3,750, from Rs.3,700.
