The three Swedish clothing retailers and Stockholm International Water Institute (SIWI) in collaboration with suppliers in Delhi and Jaipur under the Sustainable Water Resources Management (SWAR) project has turned successful to reduce its water consumption considerably and also made reserves on electricity, fuel and chemical usage.
Raymond Group is one of India's largest textile and apparels brand and one of the leading, integrated producers of suiting fabric in the world. Raymond's, which promotes its almost 90-year-old brand under the 'Complete Man' concept, already sells its products in the US, Europe and East Asian markets, but as a B2B partner is all to expand into these developed markets with its `Made to Measure (MTM)' stores.
The company is currently looking for partners to expand its overseas business network, with plans to invest around Rs200 crore.
ICE cotton for a second day on Wednesday inched up as trade buying carry on while dealers waited for government and industry reports due within the several days. Trading volumes were subdued with the benchmark March cotton contract on ICE Futures U.S. closing up 0.12 cent, or 0.1 percent, at 85.52 cents a lb.
March prices traded in a tight range of less than one cent throughout the session, supported by the 20-day moving average but never breached the 14-day moving average.
Mounting worries over economic stability in emerging markets has kept markets volatile in recent weeks.
Diversified uses of jute can help give a new life of the jute sector. The scientists have given us a ray of hope having already unraveled the genome for 'Tosha' jute, they have now sequenced the DNA of the traditional variety of jute. Bangladeshi scientists have stated that they are working to develop a special jute variety that can replace cotton for fabric manufacturing. They will use genome sequencing of jute in developing the special varieties of the golden fibre. The local jute variety which is known for producing soft and quality fibre could be easily blended with cotton.
Campaign against trade in pirated Ghanaian textile designs and trademarks begins. Trade & Industry ministry will now turn its attention on national borders to check the canker. According to Trade & Industry Minister, Haruna Iddrisu the local agents who allegedly steal designs and trademarks of textile companies and sell them to foreign manufacturers would be dealt with ruthlessly when caught.
Chief Commissioner Inland Revenue Faisalabad Shaukat Mahmood during a meeting at Pakistan Textile Exporters Association (PTEA) on Wednesday said that Regional Tax Office (RTO) have geared up its efforts to release pending refund claims of textile exporters within the mandatory period as textile exporters are playing key role in strengthening the economy and textile sector is the main stay of national economy.
Textile import policies have made Indian textiles unfavorable for European customers. The government has told several European countries in recent discussions that their "skewed" due to import duty on its textiles which is nearly 10% and has asked European countries to waive import duty on its textiles, arguing that the quality of its cloth is better than that supplied by Pakistan and Bangladesh under zero duty.
As per data released by WTO Secretariat for the calendar years 2009, 2010 and 2011, the share of Indian textiles and clothing exports in world’s export were 3.98%, 3.98% and 4.11% respectively. The Government has made various policy interventions to increase the Indian share in global trade and to increase annual production of textile goods including the schemes like Technology Upgradation Fund Scheme, Scheme for Integrated Textiles Park, Integrated Skill Development Scheme and Integrated Processing Development Scheme
The share of technical textiles in all forms of textiles world over is 18.70% whereas the share of technical textiles in India is 11.43%.
The Government of India, Ministry of Textiles has taken several steps for the growth and development of technical textiles by which the share of Indian technical textiles will improve. Some of the main steps are as follows:
The government has approved the launching of a new Integrated Processing Development Scheme (IPDS) to establish four to six Brown Field projects and three to five Green Field projects with a total cost of Rs. 500 crore to address the environmental issues faced by the textile processing units. The scheme will provide government support for establishing common infrastructure to catalyse private sector investments in the major processing clusters. The scheme parameters envisage Government support limited to 50% of the project cost with ceiling limit of Rs.75 crore.
