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Textiles Ministry identifying 13 nations to expand market share

Related Keywords: aligning product with specific market, boost exports, five percent trade share, government identified thirteen countries, huge potential for India, increase market share in various markets, India second largest exporter, Marketing Plan prepared, showcase products at exhibition, target markets, textile and apparel in the world, Textile Ministry

India is the second largest exporter of textile and apparel in the world with 5 percent trade share. To boost exports, government has identified 13 countries as target markets as there exists a huge potential for India to increase its market share in various markets by aligning the product with specific market, said textile ministry.

New textile package on cards as government aims to boost exports

Related Keywords: aim to give a much needed impetus, attain global competitiveness, boost exports, Federal Minister Pervaiz Malik, improve productivity, inaugurating office of APTMA, incentive package would soon be announced, maximise value addition, Ministry of Commerce and Textile, textile sector, upgrade supply chain

Ministry of Commerce and Textile, Federal Minister Pervaiz Malik on the occasion of inaugurating the office of All Pakistan Textile Mills Association (APTMA) in federal capital, announced that an incentive package would soon be announced for the textile sector with the aim to give a much needed impetus to boost exports.

GTex Intl B2B Textile Machinery Brand Expo concludes with around $17.2mn

Related Keywords: boost exports, concluded business deals worth around USD eighteen million, fully automatic jeans manufacturing machine displayed, GTex Intl B2B Textile Machinery Brand Expo, latest innovation and technology, leading international brands, major players of industry participate, only exhibition of Pakistan Textile Sector, TDAP, United Machinery

GTex Int'l B2B Textile Machinery Brand Expo, the only exhibition of Pakistan Textile Sector in which all major players of industry participate with their leading international brands was opened on Friday, 11th August 2017to 13th August 2017, Sunday with expected business deals worth around $17.2 Million.

The event was organized by Global Enterprise at Lahore Expo Centre which covers Textile, Garment, Digital Printing, Embroidery, Leather Machinery, Chemical & Dyes, Energy and Apparel.

Trade agreements to help SL apparel industry broaden its export markets

Related Keywords: boost exports, bring in valuable foreign exchange, broaden its export base, consider negotiating trade agreement, consolidate the industry, l give some room to breathe, maximum of four to five years, restoration of trade agreements, Sri Lanka, the EU, the GSP plus can be enjoyed, used to accomplish many medium and long term goals

Sri Lanka should seriously consider negotiating trade agreement with the EU, as the GSP plus can be enjoyed for a maximum of 4-5 years at most. The restoration of trade agreements will give some room to breathe and consolidate the industry. It can be used to accomplish many other medium and long term goals, which will not only be beneficial to the apparel industry, but boost all the exports from Sri Lanka, said the new Chairman of the
Sri Lanka Apparel Exporters Association (SLAEA), Felix A. Fernando.

Export incentive to make Nepali garment more competitive

Related Keywords: boost exports, bring down cost of production, demand ten percent export incentive, eight months, GAN, garment factories operational, implement No work, international market, Nepali domestic apparel manufacturers, Nepali garments eighteen percent more expensive, No pay provision, on total export value, through supplementary budget

The Nepali domestic apparel manufacturers have demanded the government to provide 10 percent export incentive on total export value through the supplementary budget, which according to them, is a must to bring down their cost of production and to boost exports of Nepali apparels. As Nepali garments are up to 18 percent more expensive in the international market as compared to garments from other countries due to higher cost of production.

Tiruppur, India knitwear town aims to take on China in apparel export

Related Keywords: aims to double its sales, an apparel exporter, boost exports, cost of production gone up in China, India are to grasp it, India to take on Bangladesh, Indian clothes maker, leadership in global apparel industry, phasing out textile, second-generation manufacturer, subsidies for hiring, T R Vijaya Kumar, tax refunds, Vietnam and even China

Indian clothes maker T.R. Vijaya Kumar a second-generation manufacturer, who’s transformed his small family undershirt business in southern India into an apparel exporter of 1,700 employees and aims to double its sales by 2020 thinks it’s time for India to take on Bangladesh, Vietnam and even China for leadership in the global apparel industry.

Tiruppur, hometown of T.R. Vijaya Kumar which is often referred to as the knitwear capital of India, aims tripling exports and adding 500,000 jobs in the process. The next China will be Tiruppur.

IWCCI raise concern over fall in textile exports

Related Keywords: boost exports, Export Policy, GSP Plus facility, IWCCI, largest employment providing sector, largest foreign exchange earning sector, Pakistan textile exports, plunged in july, raise concern over all in textile exports

Pakistan’s textile exports, which is the largest foreign exchange earning sector of the country has plunged to $982.6 million in July as compared to $1.02 billion in July last year, concern is raised over the fall in textile exports as it is the largest employment providing sector outside agriculture by Islamabad Women Chamber of Commerce and Industry (IWCCI).

It called for immediate attention as the fall of textile sector will damage overall economy and hit forex reserves.

AEPC planning roadmap and strategies to accelerate garment exports

Related Keywords: accelerate export growth rate, achieve the textile export target, AEPC, Apparel Export Promotion Council, boost exports, facilitating availability of raw material, planning roadmap, preferential markets, prepare a strategy, take steps like tapping new markets

Apparel Export Promotion Council (AEPC) to boost exports is planning roadmap and would prepare a strategy to accelerate export growth rate in preferential markets for which it will take steps like tapping new markets and facilitating availability of raw material.

AEPC Chairman Ashok G Rajani said that the council would also work to achieve the textile export target of USD 30 billion.

Textile industry look for issuance of SRO on zero-rated regime

Related Keywords: boost exports, budget announcement, export oriented industries, issuance of Statutory Regulatory Order, Pakistan Finance Ministry, retail sales, Sales tax, value added textile industry, zero rate regime

The Finance Minister Ishaq Dar after announcing zero rate regime in the budget on 3rd of June for export oriented industries to boost exports, a long standing demand of the value added textile industry. Textile industry is now waiting for the issuance of Statutory Regulatory Order (SRO) on zero-rate regime for export-oriented industries.

Apparel One to invest $39mn to open second factory in Semarang

Related Keywords: Apparel One, boost exports, expansion to help make Indonesia, garment company, plan to invest in second factory, push for investment in labour intentive sectors, slowing economy, subsidiary of Bina Busana Internusa, the base for export-oriented products, Triputra Group

Apparel One, a subsidiary of Bina Busana Internusa, a Jakarta-based garments company controlled by tycoon T.P. Rachmat's Triputra Group plans to invest Rp 490 billion ($39 million) in a second factory in Semarang, Central Java, this year.

The plant, which covers a 2.4 hectare-area, would increase Apparel One's total production capacity to 21 million pieces of clothing, with an export value of $100 million per year, Apparel One Indonesia president director Lukman Widjaja said.

The factory will also employ 6,000 workers at the end of the year.

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