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Related Keywords: Chinese group, eighty percent of yarn, international market, keen interest to enter joint ventures, make them cost efficient and competitive, modernisation and upgradation, other textile products, Pakistan spinning mills, Pakistani businessmen, re-exported to China for value-addition, sell finished good at better prices

Chinese group has shown keen interest to enter joint ventures for modernisation and upgradation of Pakistan's spinning mills to make them cost efficient and competitive. Also 80 percent of yarn and other textile products will be re-exported to China for value-addition to sell the finished good at better prices in international market, Pakistani businessmen were informed by Executive Director of the Hi-Tech Group who is leading a six member delegation.

Related Keywords: common business platform, crispy soft Manipuri cotton, fifteen entrepreneurs from Northeast, global exhibition to be held in Gandhinagar, indigenous entrepreneurs, international market, primary focus will be on muga and eri silk, rustle of Assamese silk, showcase their products, Three-day Textile India 2017, warrior shawls of the Nagas

At the three-day Textile India 2017 global exhibition to be held in Gandhinagar from June 30, fifteen entrepreneurs from the Northeast will showcase their products which will include the rustle of Assamese silk, crispy-soft Manipuri cotton and the warrior shawls of the Nagas. This will add vibrancy to a global textile exhibition in Gujarat.

Related Keywords: Cotton Egypt Association, cotton industry is starting to revive, demand of cotton attributed, Egypt cotton exports, first quarter of the planting season, international market, jumped by more than sixty three percent, record cotton prices, short- and medium staple varieties, state run Central Agency for Public Mobilization and Statistics

Egypt’s cotton exports jumped by 63.9% during the first quarter of the planting season of 2016/2017, in the period from September to November cotton exports were 202,500 bales compared to 123,600 bales in the same period a year earlier, according to the state-run Central Agency for Public Mobilization and Statistics.

The country’s farmers and exporters said that Egypt’s famed cotton industry is starting to revive following a Central Bank decision to float the pound last November and a crackdown on false Egyptian cotton worldwide.

Related Keywords: boost exports, bring down cost of production, demand ten percent export incentive, eight months, GAN, garment factories operational, implement No work, international market, Nepali domestic apparel manufacturers, Nepali garments eighteen percent more expensive, No pay provision, on total export value, through supplementary budget

The Nepali domestic apparel manufacturers have demanded the government to provide 10 percent export incentive on total export value through the supplementary budget, which according to them, is a must to bring down their cost of production and to boost exports of Nepali apparels. As Nepali garments are up to 18 percent more expensive in the international market as compared to garments from other countries due to higher cost of production.

Related Keywords: cotton yarn, delay in disbursement, downward trend, European Union, export of knitwear, export refund claims, exports declined, GSP, ICST, international market, Islamabad Chamber of Small Traders, largest foreign exchange earning sector, Pakistan textile exports, Preferential market access, raw cotton, shortage of electricity, textile owners

Pakistan’s textile exports, the largest foreign exchange earning sector is facing a downward trend by 12.11 percent in the current year. Exports have declined to $8363 billion this year. Although the country is reaping the benefits of GSP, it has shown bleak performance in the export sector over which the Islamabad Chamber of Small Traders (ICST) on Sunday expressed deep concern and terming it unacceptable.

Related Keywords: cotton trading, fall in supplies by China and India, Indian Shankar-6 variety of cotton, international market, lower production and increased consumption, new crops available in market, rise in cotton prices, short-term hike, start declining from November, top choice of Bangladeshi importers, two major cotton producers and consumers, USDA

In International market cotton was traded at 77 cents from 62 cents three months ago, a rise by 24.19 percent due to a fall in supplies by China and India, two major cotton producers and consumers. Six months ago the price was below 60 cents, according to industry insiders.

According to Hissam Khandker, director of Delcot Enterprise Ltd, a leading cotton importer of Bangladesh, it is a short-term hike. He hopes that the price will start declining from November when new crops will be available in markets.

Related Keywords: come up with cotton to textile value chain, cotton price, Ethiopian investors, farmers shunning the crop, interested to invest in Zim cotton, international market, open cotton sector to foreign investors, plummeting prices, revive cotton industry, taken a nosedive, Vice President Emmerson Mnangagwa, Zimbabwean cotton sector

The Zimbabwean cotton sector has over the years taken a nosedive due to the plummeting prices of the commodity on the international market, which has resulted in farmers shunning the crop. Vice President Emmerson Mnangagwa said that Ethiopian investors have expressed willingness to invest in the Zimbabwean cotton sector and hence the government will take the lead in ensuring that the cotton industry is revived.

He said that government will fully invest in the sector especially on the beneficiation thrust before opening the sector to foreign investors.

Related Keywords: cotton bales, dwindling stock on quality lint, extended overnight gain, gaining momentum, international market, market sources, official spot rate, Pakistan cotton market, prices are drifting lower, process of modest trading, rates in local market, short supply position, slow demand, ushing the prices further upward

The dwindling stock of quality lint is pushing the prices further upward at the cotton market on Friday in the process of modest trading, dealers said. According to market sources, in the international market, prices are drifting lower on slow demand but rates in local market gradually gaining momentum on the short supply position.

The official spot rate extended overnight gains, picking up further Rs 25 to Rs 5,650 dealers said.

Related Keywords: central bank, contributes fifty two percent to total exports, expenditure on textile and textile articles, garment exports to both traditional and non-traditional markets, imports plunged at a faster percent, improves in January, increase recorded in fabrics imports, international market, Sri Lankan export earnings from textiles and garments

Sri Lankan export earnings from textiles and garments, which contributed nearly 52 percent to the total exports, improved by 13.3 percent in January 2016, reversing the declining trend prevailed in last quarter of 2015.

But actually exports declined 2.5 percent to 893.9 million US dollars in January 2016 from a year earlier while imports plunged at a faster 5.5 percent to 1,589.1 million US dollars, according to official data.

Related Keywords: cotton, Demand for cheaper prices, domestic output, exportable goods becoming uncompetitive, exporters of cotton textile products, Fabrics and Home Textiles, FTAs, international market, Texprocil, textile raw material, yarns

The largest producer of cotton in the world finds that its exportable goods are becoming uncompetitive in the face of the raw materials in India available for the manufacturing of these goods turning out to be costly.

Currently, the raw materials are available at marginally higher prices in local markets than the prevailing prices in the international markets.

Hence, the textile industry has urged the government to make cotton available for textile mills at prices cheaper than the prevailing prices in the international markets.