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Related Keywords: cheaper location, China, Ethiopia, India, International Monetary Fund, low-end manufacturing, producing clothes, soaring basic wages, Turkey

Frontier African nations such as Ethiopia are positioning themselves to take advantage of the soaring basic wages as China is looking for low-end manufacturing and have starting to shift to cheaper locations around the world.

Ethiopia is one of Africa’s and the world’s fastest-growing economies, the continent’s most populous nation after Nigeria is building a reputation for producing clothes, shoes and other basic goods with rock-bottom wages, cheap and stable electricity and improving transport infrastructure.

Related Keywords: China, Combed cotton yarn, cotton yarn demand drop, Indian cotton yarn producer, Indian textile industry, largest importer, Southern India Mills Association, TUFS

Indian cotton yarn producers facing a tough time as the demand for cotton yarn from China, the largest importer of Indian yarn has slowed down since April due to which exports have dropped and subsidies under technology upgradation fund scheme (TUFS) have been overdue for the past few months.

Mills have also not received interest subsidies under TUFS since December. For investments to the tune of Rs 65,000 crore made by over 1,000 units since 2010, interest subsidy of around Rs 3,000 crore is pending. This has put further pressure on the working capital of the mills

Related Keywords: China, coarser and medium count, Confederation of Indian Textile Industries, cotton price, EU, Indian yarn shipment, lesser demand, Pakistan GSP plus status, plunge, SIMA, yarn export, yarn price

Indian yarn shipment plunged to about 100 million kg in April and, according to industry estimate, further to 90 million kg each in May and June, after clocking average monthly exports of about 120 million kg in 2013-14, which was 33% more than the previous year.

In the first quarter ended June, yarn exports witnessed decline by about 20% year-on-year, with China reducing its fabric production due to which lesser demand from China, there has been an impact on yarn imports.

Related Keywords: Bangladesh, China, European Union, Garment Exporters, GSP plus, labour law, Pakistan, readymade garment industry, wage rate, zero duty access

EU being the largest market for Indian textile exports, Indian garment exporters have to face tough competition from neighbouring countries for export of readymade garments mainly due to zero duty access to European Union (EU) available to Bangladesh and inclusion of Pakistan in GSP plus by the EU. Apart from this, difference in wage rates, labour laws etc.
 

Related Keywords: China, coir, coir product, importer, Indian Coir Board, Kerala, Sri Lanka, USA

China is the biggest importer of coir based products from India. During 2013-14, a total of 192,110 tones of coir products, valued at Rs 360.5 crore were shipped to China, a growth of 32 percent on value terms, according to Indian Coir Board.

India exported 537,040 tones of coir and coir based products, valued at Rs 1476 crore. In the previous financial year, total export was 429,501 tones valued at Rs 1116 crore, a rise by 25 percent was recorded in the volume of coir based products.

Related Keywords: China, polyester plant, Teijin Group

Teijin Group, first Japanese company to establish polyester plant Nantong Teijin Co. Ltd., way back in March 1994 which handles the weaving and dyeing of recyclable polyester textiles and the manufacture and processing of polyester textiles. The plant has completed 20 years of success in China.

With the establishment of Nantong Teijin, Teijin Group became the first Japanese to operate in the Nantong Economic & Technological Development Zone.

Related Keywords: China, export, textile product, trade competitiveness

The textile products and leather, rubber, shoes and travel-related products helped South Korea take up a lead position in foreign trade in the 1980s and '90s. But, now China has moved to the world top spot in trade competitiveness in terms of the number of export items, according a report from South Korea’s International Trade Association Thursday

The Chinese manufacturers have overtaken South Korea by exporting 440 out of 779 in the textile products category and 50 out of 166 in the category of leather and rubber products, shoes and travel-related products.

Related Keywords: China, paraxylene

China is the world's largest PX producer, accounting for about a quarter of the global PX production capacity and a major raw material which goes into making of polyester products, will see a wider shortage of paraxylene (PX) supply in 2014, according to a research report warned on Thursday.

In 2013, the domestic PX industry managed to meet only 47 percent of China's demand.

Related Keywords: China, cotton imports

Beijing is expected to begin to shift to crop subsidies as early as this year, gutting the stockpiling program that has driven up domestic prices and put a floor under global ones.

According to Jarral Neeper, president of Calcot, a growers co-operative and one of the largest US exporters, China's cotton imports may drop as much as 45 percent in 2014/15 as Beijing ends its stockpiling program and starts reducing its huge inventories.

Related Keywords: China, Gujarat cotton yarn industry

China has been the hub of garment manufacturing and its goods are supplied across the world — but they are now culling at least some processes in the chain. Much of the cotton used by China to manufacture the garments was imported from India, 80-90% of which came from Gujarat.

But now importing cotton and making yarn is seen no longer viable in China with the rising labour cost, would be now reducing cotton purchase and shifting to the value-added yarn from Gujarat, India.