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Related Keywords: downward trend, influenced by world cotton market, Karachi Cotton Association, kept cotton prices under pressure, lack of buying interest, local textile industry, lower level, market remained devoid of much needed activity, revival of buying interest, second consecutive day on Wednesday, spot rate

The lack of buying interest from local textile industry influenced by world cotton markets’ downward trend, kept cotton prices under pressure for the second consecutive day on Wednesday. Although there was a revival of buying interest at the lower level yet the market remained devoid of much-needed activity.

Related Keywords: AIMIM, anti-dumping duty, Bhiwandi Powerloom Federation, cost of grey fabrics produced going up, Demand to remove anti-dumping duty on yarn, forced to buy expensive yarn, FOSTTA, impose a duty on import of fabrics, local textile industry, Make in India policy, MIMA, proving disastrous, raised from various circles

Demand to remove anti-dumping duty on yarn is being raised from various circles including Federation of Surat Textile Traders Association (FOSTTA), Malegaon Industries and Manufacturers Association (MIMA), Bhiwandi Powerloom Federation and other organisations working for the industry. Also Hyderabad MP and All India Majlis-e-Ittehadul Muslimeen (AIMIM) President Asaduddin Owaisi making a strong appeal to the government to remove anti-dumping duty on synthetic yarn, on Wednesday said that the government's 'Make in India' policy is proving disastrous for the local textile industry.

Related Keywords: boost competitiveness of domestic industries, exempted from import duty, Gerbang Teknologi Cikarang, Goods can be stored for three years, GTC, import-related taxes, Imported cotton has found new home, launched first logistics storage center, local textile industry, PLB, reduce dwell times at seaports, secure cotton

Gerbang Teknologi Cikarang (GTC) seeing rise in the number of clients accessing the logistics storage center (PLB) to purchase cotton, from Cikampek located close to the dry port to Bandung some 112 kilometers away has launched its first logistics storage center (PLB) to supply raw material for the local textile industry. Imported cotton has found a new home in the West Java city of Cikarang.

The company said that the new storage center would help local businesses secure cotton in a more affordable way, since most of the commodity for local use was still stored in Malaysia.

Related Keywords: comprehensive international trade fair, enhance relationship, exhibit latest textile machinery, informative platform for latest trends, Irantex, Italian companies, Italian technology, Italian textile machinery sector, local textile industry, roadshow, textile machinery, textile products. exhibition for both exhibitors and visitors

The Irantex 2016 is a comprehensive international trade fair for textile machinery and textile products. Because of its range of products and depth of range, this exhibition is, for both exhibitors and visitors, an informative platform for the latest trends in the industry. Italian companies will exhibit their latest textile machinery at the Italian Pavilion at the forthcoming 2016 edition of Irantex, aiming to further enhance the relationship between the local textile industry and the Italian textile machinery sector.

Related Keywords: adviser for textile value chain at the Ministry of Industry, commonly known as mitumba, government will supply clothes produced at EPZ, Kenyan government, local textile industry, Rajeev Arora, retail at same price as imported, start implementing plan, to mitumba traders, to reduce the impact of second-hand clothes, Trade and Cooperatives

The Kenyan government to start implementing a plan from next month to reduce the impact of second-hand clothes on the local textile industry, commonly known as mitumba.

Rajeev Arora, the adviser for textile value chain at the Ministry of Industry, Trade and Cooperatives at the launch of a report on Kenya's textile and fashion industry said the government will supply clothes produced at EPZ to mitumba traders, and they will retail at the same price as imported second-hand clothes.

Related Keywords: cotton importer, facing hardship in meeting orders, fresh buying to meet requirement, ginners with limited stock of unsold quality lint, international buyers, local textile industry, official spot rate, Pakistan cotton market, raised price, ready session, short supply of cotton, showed modest improvement in prices, tight supply of fine quality

At the cotton market on Tuesday in the process of tight supply of fine quality, dealers said that prices showed modest improvement. Market sources said that the ginners, who have limited stock of unsold quality lint raised prices, so a few needy mills and spinners indulged in fresh buying to meet requirements

The official spot rate gained Rs 50 Rs 5,600 while in ready session, approximately 3000 bales of cotton changed hands between Rs 5300 and Rs 5900, dealers said.

Related Keywords: all stage of manufacturing process, API, before joining TPP, boost industry readiness, downstream, Indonesian Textile Assoication, local textile industry, made using materials, more benefits than harm, sourced from member countries, structure upstream, TPP cut tariffs only for garment products, US led TPP, watch out yarn forward clause

The Indonesian Textile Association’s (API) advisory board chairman, Benny Soetrisno while speaking at the recent press conference said that the US-led TPP is likely bring more benefits than harm to the local textile industry, but there’s one thing that need to watch out when joining the Trans-Pacific Partnership [TPP], that’s the yarn-forward clause. Hence, the country has to boost the industry’s readiness at all stages of the manufacturing process.

Related Keywords: ban second hand clothes, discourage cheap imports of textile products, duty on poly knitted fabric, local textile industry, open general import licence, push capacity utilization, reeling under low capitalization levels, statutory instruments, Zimbabwe Textile Manufacturers Association, Zimbabweab government

The Zimbabwean government has gazetted some Statutory Instruments to discourage cheap imports of textile products into the country, this is likely to push the capacity utilization of local textile industry to 45 percent this year, an official said.

Zimbabwe Textile Manufacturers’ Association secretary-general, Raymond Huni said that the industry would take off well this year due to measures introduced by government to protect the industry.

Related Keywords: cheap import of textile products, gazetter Statutory instruments, increase customs duty, local textile industry, operating below capacity, Poly-knitted fabric, Sadc and Common Market for Southern Africa, Zimbabwe governemnt, Zimbabwe Textile Manufacturers Association

Zimbabwe government is yet to gazette Statutory Instruments (Sis) discouraging cheap imports of textile products into the country due to which the local textile industry has been operating at below 30% of capacity in the first-half of the year, said Zimbabwe Textile Manufacturers’ Association (ZTMA) secretary-general Raymond Huni

The government is in the process of gazetting the SIs enforcing the rebates introduced by the Finance minister (Patrick Chinamasa). They hope that the SI would be gazetted in two weeks’ time and it’s only after that they will start realizing some changes.

Related Keywords: ACIMIT, ACIMIT planned roadshow, International sanctions blocked flow of textile machinery exports to Iran, Iran fourth largest market for Italian exports, local textile industry, participate in Italian trade mission, pave way towards competitive relaunching, promote textile technology, recent nuclear agreement, strenghten presence in Iran

The Association of Italian Textile Machinery Manufacturers (ACIMIT) will participate in the Italian trade mission in late November to strengthen its presence in Iran as the International sanctions have blocked the flow of textile machinery exports to Iran, and it is hoped that the recent nuclear agreement may pave the way toward a competitive relaunching of the local textile industry.