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Indian textile market going through a temporary phase of slothfulness

Related Keywords: cotton yarn, cotton yarn price, demand for textile, EU market, fabric, festival season, garment making unit, Indian textile market, made-ups, SIMA

Although India saw demand for cotton yarn from China on a declining trend and the European Union market for fabrics and made-ups mired during the last four months. However, the demand for textiles would be picking up soon in India with the festival season just round the corner.
 
Drop in export demand for cotton yarn and the slowdown in the domestic market are only temporary and yarn manufacturers should not panic because of the “temporary slothfulness in the market, according to chairman of Southern India Mills’ Association (SIMA) T. Rajkumar.

Bangladesh RMG sector reduce reliance on imported raw material

Related Keywords: Bangladesh RMG, BTMA, cotton yarn, export industry, knit fabric, local textile, Primary Textile Sector, raw material, specialized garment, woven fabric

Bangladesh readymade garment (RMG) manufacturers which dependent heavily on imported cotton yarn and woven fabric having gradually started using more such local raw materials for the export industry.
 
According to Textile Mills Association (BTMA), the country imported 236 million kilograms (kgs) of cotton yarn and 289 million kgs of woven fabrics in the last fiscal. The import figures were 240-million-kg yarn and 295-million-kg fabrics in the previous year.
 

Ikat used to pattern textile for all seasons

Related Keywords: century old textile, cotton yarn, dyeing technique, hand-dyed, handwoven Ikat, Ikat, pattern, Pochampally Handloom Park, silk, weaver

Ikat is a century old textile, historically made all over Asia, Central Asia and some parts of Africa. Ikat is also an ancient Indian dyeing technique that brings vintage, handwoven, geometric or zig zag arrow pattern into textile. Hand-dyed and handwoven Ikat is made using both silk and cotton yarns.
 
Pochampally Handloom Park recently organised a four-day Pochampally IKAT art Mela at Aga Khan Hall, in an attempt to revive the dying art of Ikat from the Pochampally district of now Telangana state. which ended on Tuesday, but not before it had charmed Delhiites.

No shortage of cotton yarn witnessed in domestic market during 2013-14

Related Keywords: cotton consumption, cotton industry, cotton production, cotton yarn, domestic market, Indian textile industry, SIMA

The textile industry is on growth track, as the year 2013-14 as turned up to be encouraging with no shortage of cotton yarn at any point of time during 2013-14 was seen in the domestic market, according to T Rajkumar, Chairman, Southern India Mills Association (SIMA).
 

No trading deals taking place in Pakistan cotton markets

Related Keywords: cotton yarn, Karachi cotton exchange, new crop, Pakistan cotton market, trading, yarn manufacturer

It’s the four consecutive day with no trading happening in Pakistani cotton markets. This is for the first time that traders have recorded no trading deals and are become idle ahead of the arrival of the new crop.

It has made a history with no trading deals taking place in four consecutive days at the cotton markets in Pakistan, a broker at the Karachi Cotton Exchange stated, adding that trader deals remained nil since Friday.

SAE-A Spinning to set up cotton yarn manufacturing plant in Costa Rica

Related Keywords: clothing factory, cotton yarn, SAE-A spinning company

SAE-A Spinning, South Korean company plans to start a cotton yarn manufacturing plant in Coris, west of Cartago province which will involve an investment to the tune of $50 million. The cotton yarns produced at the Costa Rican plant will be exported to several clothing factories in America.

Cotton yarn likely to meet its exports target of $4.70 billion for FY14

Related Keywords: cotton yarn, cotton yarn export, Indian cotton industry, raw cotton price, Texprocil

India ‘s cotton yarn to meet its exports target for 2013-14 in spite of seasonal flux usually seen every April and high raw cotton prices as per the Cotton Textiles Export Promotion Council (Texprocil’s) study. Cotton yarn exports are expected to be around 1,350 million kgs valued at $4.70 billion.

According to Texprocil statistics India’s cotton yarn exports in the first 10 months (April-January ) valued at $3.75 billion (around 1,082 million kgs). It is estimated that yarn exports for the entire 2013-14 would reach at $4.70 billion (around 1,350 million kgs).

SVP group has chosen Ethiopia for setting up largest cotton mill

Related Keywords: cotton mill, cotton yarn, Ethiopia, Shri Vallabh Pittie group

Ethiopia’s huge potential for raw cotton, the availability of labor, power and water, fast economic growth and access to the international market has helped Shri Vallabh Pittie (SVP) Group, an Indian company decide on setting up largest cotton mill at the industrial zone in Kombolcha in Ethiopia. SVP chose Kombolcha because of its proximity to the cotton growing regions of Metema and Humera.

The cotton mill will produce cotton yarn exclusively for export purpose. The construction of the project has already started from 2nd of May and should be fully operational by next year.

India’s cotton yarn exports plummet by 25 pc over low demand flow from China

Related Keywords: cotton yarn, export, Textile Industry

The Indian cotton yarn industry feeling the pressure as China has reduced its cotton yarn import after the announcement of China’s new cotton policy. India has witnessed drop by 25 percent in the month of April which is the effect of Chinese policy. Prior to the announcement of China’s policy, India export nearly 50 percent of yarn into China.

Last year the average exports was around 120 million kg which is mainly due to demand from China. But this April yarn exports has plunged to 90 million kg.

TDAP organizes workshop to further boost textile exports into Japanese market

Related Keywords: cotton yarn, Japanese market, Pakistani textile export, TDAP

Trade Development Authority of Pakistan (TDAP) learning that $ 90 million worth of textile products mostly raw material such as cotton yarn is exported to Japan held a workshop in collaboration with Japan International Corporation Agency (JICA) to provide valuable information through expertise to boost further exports to Japanese market on Wednesday.

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