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Related Keywords: European Union, GSP Plus status, textile export from Pakistan, textile industry in Pakistan, textile manufacturers in pakistan, value added textile products

The textile industry in Pakistan is getting ready to take advantage of the GSP Plus status granted by the European Union to the country. At two listed textile companies have made significant expansion to increase the production of yarn, the basic raw material of the value-added textile products. Textile manufacturers are eyeing the GSP Plus status to come in to effect from January 2014, which will potentially result in increased textile exports.

Related Keywords: innovation in textile, low wage operation in China, National Spinning Company plant, North Carolina textile hub, textile companies in us, US textile and apparel industry

The US textile and apparel industry is showing signs of expansion and many factories are competing with low-wage operations in countries like China after decades of decline. In North Carolina, once a dominant textile hub, the industry has reinvented itself using technology but also employing far fewer workers than in the past.

Related Keywords: A Sakthivel, AEPC, Apparel Export Promotion Council, apparel export target, Apparel exports, K s Rao, textile export from india, Union Textiles Minister

Apparel exports have surged 26 per cent in the first seven months of 2013-14, touching Rs 49,200 crore. Speaking at an annual export award function Dr. Rao, Union Textiles Minister said, "The apparel sector has earned Rs. 49,200 crores foreign exchange in April-October, 2013, showing a growth of 26% over the same period during year 2012. Income in both the currencies i.e. INR and US$ are buoyant. In dollar terms, the growth is 15.5% (US$ 8.2 billion) during the same period"

Related Keywords: AEPC, Apparel export from india, Apparel Export Promotion Council, apparel export target, K S Rao Union Textiles Minister, labour shortage, Sakthivel AEPC Chairman, Secretary Textiles Zohra Chatterji, Textile Conclave 2013

According to the Apparel Export Promotion Council (AEPC), India's garment exports would touch US$60 billion in the next 3 years, with government's assistance. Speaking on the Textile Conclave 2013, Sakthivel, AEPC Chairman, identified labour shortage to be the biggest bottlenecks. He stated that, "We are getting good orders and have won the confidence of buyers. As a brand India we are recognized everywhere but challenge is translating that leverage into the world textiles global hub." We are looking for skilled people in large number to meet them.

Related Keywords: All Pakistan Textile Mills Association, APTMA, APTMA chairman Yasin Siddique, india Pakistan trade, non tariff barriers, NTB

In order to boost bilateral trade between the two neighbouring countries, the All Pakistan Textile Mills Association (APTMA) chairman Yasin Siddique has urged the Indian authorities to remove non-tariff barriers (NTBs) . Yasin, while speaking to visiting Indian journalists at APTMA house said, "We are in favour of promotion of trade with regional countries, especially with our neighbours to ensure peace, prosperity and economic revival".

Related Keywords: cotton forecast, Cotton futures, cotton prices in china, cotton production in china

Cotton prices have been see-sawing for some time now, gyrating on production news from top producing countries. On the ICE, cotton prices jumped to a two-week high on 21 November after China predicted its harvest will decline 12.3 per cent this year as an early frost adversely impacted its yields. The most-active March cotton contract on ICE Futures US gained US cent 0.58 cent, or 0.7 percent, to settle at US cents 78.14 per pound, near the contract's 10-14-day moving averages.

Related Keywords: European Union, Gas supply to textile industry, Generalised Scheme of Preferences plus, International Trade Committee, Pakistan textile, textile export in pakistan, textile industry in Pakistan

Things are getting bad to worse for the textile industry in Pakistan. Exports growth was already down to a mere 0.4 per cent in October and may even decline in coming months if the government suspends gas supply for the next three months from December to February. According to reports, the ministry of petroleum and natural resources is likely to move a note to the Economic Co-ordination Committee (ECC), seeking suspension of gas supply to the industry for three months.

Consumer attitudes about the materials and ingredients in products they buy are rapidly changing, shifting toward products that are ethically or sustainably sourced - and clothing is no different. Recently, the 2013 Textile Sustainability Conference put the focus on the challenges businesses in the textile and apparel industry have in making their products more sustainable in addressing consumer concerns, Green Biz reported.
 

Related Keywords: challenges for textile and apparel industry, Green Biz, Sustainable clothing, Textile Sustainability Conference

Related Keywords: cotton export from Pakistan, Pakistan Bureau of Statistics, Textile exports from Pakistan, yarn export from Pakistan

Textile exports from Pakistan have apparently hit the ground in the first four month of the current fiscal year. Although export growth during the four month was a modest 7.55 per cent, October numbers is disappointingly low at just 0.4 per cent on year-on-year basis.

In terms of value, according to Pakistan Bureau of Statistics (PBS), overall textile exports during the four months were at US$4.69 billion as against US$4.361 billion in the corresponding months of 2012-13. Textile exports in October 2013 were at US$1.115 billion as against US$1.11 billion last year.

Related Keywords: cotton in Punjab, cotton in sindh, Cotton production in Pakistan, Pakistan Cotton Ginners Association, PCGA, thirds largest cotton grower

World's third largest cotton grower – Pakistan, has produced more cotton than last year. Ginneries have reportedly received 9.518 million bales of cotton up to 15 November 2013, an increase of one million bales, or 11.73 per cent, over the corresponding period last year when 8.519 million bales were produced. The impressive increase in arrivals indicate that the crop size will be even larger than the government estimates of 12.9 million bales and may even exceed 14 million bales.