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Related Keywords: April to July period, china and Bangladesh, Chinese textiles mills, comprises around fifty percent, cotton yarn exports of India, current financial year, Domestic cotton yarn manufacturers, from two large destination, overall shipments from India, slow pick up, Vietnam gaining market share, witnessed decline, zero tariff on imports to China

Cotton yarn exports of India in the April- July period of the current financial year witnessed decline by 9.79 percent due to slow pick up from the two large destination China and Bangladesh, which comprises around 50 percent of overall shipments from India.

China is the single largest market for Indian cotton yarn, accounting for 31 percent of country’s exports. Therefore, a substantial decline in exports to China has a major impact on overall export performance. Exports to China have declined by a staggering 48.58 percent during the April–July period in 2017.

Related Keywords: compared production of corresponding period of last year, cotton yarn and cotton cloth, current financial year, Pakistan domestic production, witnessed growth during first eight months

Pakistan’s domestic production of cotton yarn and cotton cloth witnessed growth by 0.67 percent and 0.43 percent respectively during first eight months of current financial year as compared the production of the corresponding period of last year.

According the computation of Quantum Index Numbers of large scale manufacturing industries released by the Pakistan Bureau of Statistics, cotton yarn production during the month of February, 2017 was recorded at 287,100 tones as against the production of 281,185 tons of same month of last year.

Related Keywords: Agriculture Production Department, cocoon production registered an increase of three percent, CSB, current financial year, Institute Village Linkage Program, Meeting held by Financial Commissioner, raw silk produced, recording nine hundred seventy three MT, Sericulture Development Department, State Level Project Monitoring Committee

During the meeting held by Financial Commissioner Agriculture Production Department (APD), Pramod Jain, at the State Level Project Monitoring Committee (SLPMC) of Sericulture Development Department disclosed that cocoon production registered an increase of 3 percent , recording 973 MT in the current financial from last year’s 147 MT raw silk produced.

Related Keywords: current financial year, encouraging exports, export of textiles, Santosh Kumar Gangwar, targeting a growth of fourteen percent, Technology Upgradation Fund Scheme, textiles minister, through Merchandise Exports from India Scheme

Textiles Minister Santosh Kumar Gangwar in his written reply to Lok Sabha mentioned that the export of textiles for the current financial year (2015-16) targeting a growth of 14 percent has been fixed at USD 47.5 billion from actual exports of USD 41.6 billion in 2014-15, parliament was told on Thursday.

He also said that the government is encouraging exports through Merchandise Exports from India Scheme (MEIS), which has recently been modified to include the markets of Bangladesh and Sri Lanka.

Related Keywords: Botswanian largest towel manufacturer, current financial year, dyeing house and make-up department, increase production, invest P3 million on machinery, Nortex, Northern Textiles

Northern Textiles (Nortex), Botswana’s largest towel manufacturer which presently produces six tones of towels a day are planning to increase production to 6.5 tonnes in the current financial year, which began this month in a bid to sustain growth. The company has announced that it will invest P3 million on machinery, said the managing director, Mukesh Josh. They will not necessarily be growing the company, but will be maintaining growth.

Related Keywords: competitiveness in apparel export, current financial year, India Ratings and Research report, Indian textile sector, lower input cost, outlook for cotton yarn exporters is negative, robust domestic demand, slowdown in demand, stable outlook, synthetic textile sector outlook negative

The Indian textile sector has a stable outlook on the account of lower input costs, robust domestic demand and competitiveness in apparel exports in the current financial year, according to report by India Ratings and Research (Ind-Ra).

However, the outlook for cotton yarn exporters is negative due to a slowdown in demand for yarn particularly from China, leading to softer yarn realizations and lower capacity utilization, the report added.