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Related Keywords: China and Australia, council to hold trade fairs, economic slowdown, facing decline in exports, Germany, heated up competition, Indian woollen industry, rise in price of imported wool, shift focus to markets such as Kazakhstan, USA and Europe since the last financial year, warmer winters

Indian woollen industry facing decline in exports to the USA and Europe since the last financial year due to warmer winters and economic slowdown have decided to shift their focus to markets such as Kazakhstan, Germany, China and Australia.

Related Keywords: AEPC, BTIA, compared to set target, current fiscal, economic slowdown, Indian apparel exports, just cross $seventeen billion, key markets, out bound shipment, over ninety percent, remained lower than expected

India’s apparel exports may just about cross $17 billion in 2015-16, just over 90 percent of its garement export target in the current fiscal compared with the target of $18.73 billion for the fiscal, despite the sector putting up a better show than textiles and mancy other merchandise segemtns, as outbound shipments to key markets like the US and Europe remained lower than expected due to an economic slowdown, sources said on Wednesday.

Related Keywords: China Cotton Association, Chinese cotton imports demand, CNC cotton report, competition from synthetic fibres, economic slowdown, large domestic inventories, massive domestic stocks, reached all time low, reduced reliance on foreign supplies

Chinese cotton imports demand has just reached 50,900 tonnes an all-time low in September, a decline of 59% year-on-year as large domestic inventories reduced reliance on foreign supplies, at a time when economic slowdown is weighing on demand. This is the lowest monthly import since records began in 2005, and the second month of record low imports in a row, website CNCotton reports.

The data from CNCotton follows reports on Wednesday from the China Cotton Association that Chinese imports for the first nine months of the year fell 42% to 1.16m tonnes.

Related Keywords: API, close businesses, economic slowdown, facing rising production cost, forced to dismiss workers, help industry survive, Indonesian Textile Association, Indonesian textile producers, local textile industry, pressing purchasing power, raw material imported, weak sales

With an economic slowdown pressing people’s purchasing power, Indonesian textile producers are facing weak sales and rising production costs. They have urged the government to take swift action to help the industry survive as number of companies due to flat growth are already forced to dismiss workers and may be even forced to close their businesses.