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Related Keywords: Chenab Textile Mills, commercial production, cotton blended dyed yarn, expansion project, home textile, Kathua unit, Rajasthan Textile Mills, spindles, STIL, Sutlej Textiles and Industries, synthetic dyed yarn, textile producer, value added cotton melange, value chain, yarn to fabric

Sutlej Textiles and Industries (STIL), one of India's leading textile producers with a value-chain extending from yarns to fabrics to home textile has announced that the company has taken up commercial production of its expansion project of 31,104 spindles to manufacture value added cotton melange and cotton blended dyed yarn at its units, Chenab Textile Mills, Kathua.

Related Keywords: add USD 4-5 billion, china reducing export, Focus Product Scheme, global export share, home textile, huge scope, Indian Textile, Minister of State for Textile, S K Gangwar, Texprocil

Indian textile has a global exports share of just 3.5 percent that leaves huge scope for increasing it and the potential to export an additional USD 4-5 billion as China, which enjoys 35 per cent share, is slowly reducing its exports.

If the government eases tariff burden and raise overall concession under the Focus Product Scheme to 7 percent, the textile industry can easily add another USD 4-5 billion. The country's textile exports stood at USD 40 billion last year, stated Texprocil Chairman Manikam Ramaswami.

Related Keywords: Barbara Barry, Bellora, branded portfolio, Calvin Klein, deepen the distribution network, double turnover, Esprit, grow revenue streams, Himatsingka Seide, home textile

Himatsingka Seide, a leading firm in home textile is working out plans to double turnover from its branded portfolio which consists of 10 brands, including Calvin Klein, Esprit, Barbara Barry and Bellora to Rs 1,200 crore by next fiscal.

Himatsingka Group Executive Director Shrikant Himatsingka in a BSE filing said that they are focused on expanding the strength of their branded portfolio and see several opportunities on the horizon that will help the group grow revenue streams.

Related Keywords: duty reduction, fabric, higher incentive, home textile, Indian cotton price, international price, Texprocil, textile export, trade deficit, yarn export

The Cotton Textiles Export Promotion Council (Texprocil) has urged the ministry for higher incentives including 5 percent duty reduction for exports to China. This incentive will help to put another USD 7 billion worth of fabrics and home textiles into China and reduce the trade deficit of USD 32 billion with China.

India has a USD 32 billion trade deficit with China, in which USD 12 billion worth of imports are allowed to come into India either duty free or at concessional duties. India on the other hand has not acquired any reciprocal benefit.

Related Keywords: AmCham Bahrain, asssociation, GTA, home textile, job creation, Manama Textile, trade and business, West Point Home

The American Chamber of Commerce Bahrain (AmCham Bahrain), an independent, private, non-profit, non-political business association has taken up the initiative to enhance textile trade and business using the Free Trade Agreement (FTA) between the United States and the Kingdom of Bahrain. AmCham held a meeting with West Point Home (WPH), a leading textile manufacturer in the US and an active member of AmCham Bahrain. The meeting was attended by Mr. Billy Harris, Vice President International Manufacturing and Operations of WPH and Mr. Qays Hatim Zu'bi, President of AmCham Bahrain.

Related Keywords: domestic textile industry, export target, home textile, infrastructure, skilled manpower, technical textile industry, Textile Industry, TUFS

The textile industry occupies a unique place in India and with the textile industry setting target of USD 50 billion exports this financial year. Technology upgradation, better infrastructure and skilled manpower are a must to achieve the set target.

Related Keywords: Chineses textile companies, High Point, home textile, ITMA, new fabric construction, Semi-annual fabric market, Showtime

Showtime, High Point’s Semi-Annual Fabric Market, is produced by and for the members of the International Textile Market Association (ITMA). Showtime is the one most important show of its kind in North America, There is nothing else like it, as it represent 45 new sources — many with brand new co-designed and created products.

When Showtime, High Point’s semi-annual fabric market, officially kicks off on June 1, 45 Chinese textile companies also will open for business in the International Pavilions.

Related Keywords: Himatsingka, home textile

Himatsingka Seide, a family-owned business with Rs 2,500 crore (sales) a vertically integrated home-textile major with manufacturing operations in India and with global footprint, it have retails across 22 countries. The group is known for its innovative designs and fabrics for upholstery, drapery and bed linen. Started by first-generation businessmen brothers Dinesh Kumar and Ajoy Kumar Himatsingka in 1985, the listed company is a significant player in the home-textile space.

Related Keywords: Bangladesh, exports, home textile

The Bangladeshi home textile exports have declined due to political unrest and inadequate supply of gas in the dyeing factories. Hampering production and compelled them to spend more to generate energy by alternative means. It has seen a 6% decline in the first half of the current fiscal year. It also fell 9% short of the period’s target of $388.21m. The home textile export target was set at $831 for the whole fiscal.

In July-December period of the FY2013-14, home textiles fetched $350.20m, which is 6.30% lower compared to $375m for the same period of previous fiscal, EPB data showed.