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Bangladeshi jute mills likely to revival with implementation of packaging law

Related Keywords: Bangladeshi jute mills, packaging law

Bangladesh has 94 spinning mills in the country, of which around 20 were closed down in the last 7/8 months and many more mills are running below their capacity and will be forced to close down soon if the situation doesn’t improve. According to industry players, the implementation of the mandatory packaging law could rescue the local millers by increasing demand in the domestic market. Though the law was passed in 2010, the government is yet to implement it mainly due to an absence of associated rules and regulations.

Jamaica on track to spin money from its cotton production

Related Keywords: Jamaican cotton, West Indian Sea Island cotton industry

Jamaica is the only island capable of large cotton production at this time knowing this the Japanese government has decided to to invest around US$107,000 (J$11 million) to resuscitate the local West Indian Sea Island Cotton industry for which there is an annual global demand of six-million pounds of lint. The money will be put in use to purchase a row-crop tractor, a high-crop tractor, two boom sprayers, and a cultivator which are vital to get Jamaica on track to tap into this lucrative market where it enjoys significant competitive advantages.

Worldwide fashion and textile companies invited to participate in the ITDA competition

Related Keywords: fashion design, ITDA competition, textile company

The International Textile Design and Technology (ITDA) aims to create a significant spur for designers and companies from all countries to come up with superior fabric and textile designs that are more durable, eco-compatible, sustainable, user-friendly as well as visually appealing. ITDA invites entries from all fashion and textile companies, manufacturers, suppliers, retailers as well as fashion design professionals worldwide for the Annual International Textile Design and Technology Competition open till Friday, February 28,2014.

MP silk federation organizes exhibition to promote pure silk handloom products

Related Keywords: MP silk federation, silk handloom

The MP Silk Federation ( A Govt. of Madhya Pradesh Undertaking) is currently engaged in developing sericulture activities in the state, to promote traditional art and artisanship of silk industry organized an exhibition-cum-sale of pure silk handloom woven cloth items. The exhibition began on Friday at Cawnpore Club inaugurated by district magistrate Roshan Jacob and will continue till February 25.

Karnataka witnessing constant decline in mulberry silk sector to other states

Related Keywords: Indian silk industry, Mulberry silk

Karnataka, Andhra Pradesh and Tamil Nadu, the three states together produce 80 percent of India’s Mulberry silk. Of which Karnataka has been the biggest producer of mulberry silk. As silkworms feed solely on mulberry leaves, mulberry acreage is widely used to assess growth in sericulture. The state’s overall share in India’s mulberry acreage has declined to 39 per cent last year from 49 per cent five years ago.

Kerala textile trade show discontent over turnover tax proposal

Related Keywords: Kerala textile dealer, turnover tax

Textile and garment dealers in Kerala show disappointment over the proposal levying a turnover tax of two percent on textile dealers with turnover above Rs.10 million announced in the state budget for 2014-15.

The proposal is expected to raise additional revenue of Rs.1,000 million of the state. But allowing for the levy across wholesalers, dealers, distributors and retailers, this would lead to a 10 per cent rise in textiles for consumers.

The State will also be put to disadvantage as visitors to the South compare prices in individual States to strike the best bargain.

JADF signs grant agreement with Japan to revive its sea-island cotton industry

Related Keywords: Jamaica Agricultural Development Foundation, sea-island cotton industry

The Japanese government to revitalize the West Indian sea-island cotton industry in Jamaica for which it has decided to pump funds into Jamaica’s Sea Island cotton production through an arrangement with the Jamaica Agricultural Development Foundation (JADF).

PCI to hold the 16th annual Americas Polyester Industry conference

Related Keywords: Americas Polyester Industry conference, PCI Xylenes n Polyesters, polyester chain

The 16th annual Americas Polyester Industry Conference to be held for two days on February 26 and 27 at the Houston Marriott Hotel at George Bush Intercontinental Airport in Houston. PCI Xylenes & Polyesters who has been providing insight into the changing polyester and intermediates markets for 25 years as a provider of global consulting services for the paraxylene, ethylene oxide and polyester chains; and a company of the United Kingdom-based PCI Consulting Group will be holding this conference.

Praj plans to sell more water-treatment plants to textile maker

Related Keywords: Praj Industries, water treatment plant

The Indian industry under pressure to reduce water consumption has created an opportunity for Praj Industries Ltd. (PRJ), a pune-based company to sell their water-treatment and recycling technology. Praj has the ability, technology & facility to design the most effective biomethanation, water recycle system, water reuse options and zero liquid discharge process as per the client’s unique requirements, no matter in which part of the world.

As part of their business expansion plan, in 2012, Praj has already acquired the Mumbai-based clean-water technology company Neela Systems Ltd.

Cotton prices remained steady amid routine active trading

Related Keywords: cotton industry, cotton price

The cotton market kept prices steady on Tuesday with the fresh buying interest at lower level, where some needy spinners moved in to reload their stocks.

Small millers who are mostly dependent on local supplies are disappointed with the shortage of quality lint. Most millers were keen to build upon their cotton stocks at current prices as hopes that the flow of phutti (seed cotton) would improve are fading.

Floor brokers said that big spinners have already imported around 1.7 million bales, but small spinners with cash flow problem are largely dependent on domestic supplies.

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