The Apparel Export Promotion Council (AEPC) will hold its annual buyer-seller meet in Madrid, Spain, on October 9 and 10 hoping to raise apparel exports from India to that country.
"We have been receiving good responses to the buyer-seller meets, which we have been organizing in Spain since 2008,” AEPC deputy director C Eswarasundar said in a statement.
Export of readymade garments has increased 9.25% in April-May this year compared to the corresponding period last year.
“This is clearly because of the support announced by the government in March 2019 for garments and made-ups,” said Sanjay K. Jain, chairman, Confederation of Indian Textile Industry. The Centre announced a Scheme for Rebate of State and Central Taxes and Levies (RoSCTL) in March.
The who’s who in the booming Florida apparel and textile industry came out in full force last month to record crowds at the Apparel Textile Sourcing Miami (ATSM) show, which wrapped up its second year on May 30.
India, which is emerging as a global textile hub with huge potential, needs to develop man-made fibre to remain competitive in the global market and it aims to be a $350 billion industry by 2025, industry officials June 6 said.
"It is high time that the industry changes its approach to move into the second growth phase and aim for exports of around $100 billion from the current $40 billion," Textiles Secretary Ajit B Chavan said at the CII Texexcel 2019, the National Textiles 4.0 Summit here.
Vietnam gained over 9.4 billion U.S. dollars from exporting garments and textiles in the first four months of this year, up 9.8 percent year-on-year, according to the country's Ministry of Industry and Trade on Wednesday.
In April alone, the country raked in 2.3 billion U.S. dollars from selling the products offshore, rising 7.1 percent.
Between January and April, largest importers of Vietnamese garments and textiles included the United States, Japan, the European Union and South Korea.
WASHINGTON, April 29, 2019: On April 29, 2019, the U.S. Department of Commerce ("Commerce Department") announced affirmative preliminary determinations that producers and exporters of imports of polyester textured yarn from China and India are being unfairly subsidized by their respective governments at double- and triple-digit margins, as follows.
Polyester Textured Yarn Imports from China
Producer/Exporter
Preliminary
Subsidy Rate (%)
Fujian Billion Polymerization Fiber Industrial Co Ltd.
32.04
Jiangsu Shenghong Textile Imp & Exp Co.
459.98
India’s textiles and apparels exports for the fiscal 2019 just grew 1.66% to $35.969 billion as compared to $35.381 billion in the previous fiscal, mainly due to a sharp drop in the shipment of apparels.
India’s textiles and apparels exports for the fiscal 2019 just grew 1.66% to $35.969 billion as compared to $35.381 billion in the previous fiscal, mainly due to a sharp drop in the shipment of apparels.
Indonesian government to improve competitiveness and productivity in the national textile and textile industry (TPT) is working to facilitate logistical access and strengthen local branding. Minister of Industry, Airlangga Hartarto said that currently, their textile industry is already integrated, 90 percent already produced domestically. Therefore, the increase of added value in Indonesia is also important to meet the domestic market, in addition to exports.
Egyptian textile industry is of utmost importance to the national economy, has it contributes 3% to the GDP, employs about one third of the industrial labour manpower, and exports $2.6bn, 15% of Egyptian non-petroleum exports, said the Egptian Ministry of Industry and Trade Tarek Kabil. Egypt to enhance its cotton to local and global markets (cotton from seed to cladding) to local and global markets (cotton from seed to cladding) has signed a €1.5m protocol with United Nations Industrial Development Organization (UNIDO) and the Italian Development Cooperation.
Egyptian government to encourage cotton production and exports in order to meet local demand and increase exports will take all measures . President Abdel-Fattah al-Sisi also ordered to set a reasonable price for the supply of cotton from farmers to encourage them to expand the cultivation of this vital crop during the coming years in order to cover the needs of the local market and exporting.
