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Related Keywords: Air-India, electronic jacquard machine, fabric, GI tag, import from China, KSIC, Mysore silk saris, soar sky high, Vibant Gujarat international summit, yarn

Karnataka Silk Industries Corporation Ltd. (KSIC) has bagged a large order of 10,000 saris from the public sector airline, Air India as the flight attendants will now sport Mysore Silk saris. This single bulk order is worth Rs. 6.5 crore, but that the product’s popularity to soar sky-high, according to the KSIC Chairman B. Basavaraju.

Related Keywords: FDI, garment and textile export, GSO, import from China, textile fiber, trade deficit, Vietnam trade surplus

Vietnam recorded a trade surplus for the third consecutive year, after recording surpluses of US$280 million in 2012 and more than US$860 million in 2013. This year it is touched US$2 billion according to the General Statistics Office (GSO).

According to the GSO, foreign direct investment (FDI) enterprises contributed to the majority of revenues of Vietnam's key export products which includes garment and textile exports, accounts 59.4 percent of US$20.77 billion.

Related Keywords: anti-dumping duty, Chemical and Petrochemicals Manufacturers Assocication, import from China, key raw material, PFY, polyester staple fibre, Purified terephtalic acid, synethetic textile fibre, Synthetic textile product

India has witnessed a surge of synthetic textile products imports from China after imposing an anti-dumping duty on a key raw material Purified terephtalic acid (PTA) which is used for making synthetic textile fibre, said Chemicals and Petrochemicals Manufacturers Association on Friday.

India imposed anti-dumping duties in the range of $19.05-117.09 a tonne on purified terephtalic acid from China, Korea, the European Union and Thailand. This was after a plea by Reliance Industries Ltd and Mitsubishi’s MCC PTA India Corporation.