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Related Keywords: after achieving increase on yearonyear in March, export of value-added products grew, eyeing more than USD five hundred million increase, knitwear grew, next three months, Pakistan government, readymade garments rose, textile exports

Pakistan government is eyeing more than $500 million increase in textile exports in next three months after achieving a 6.2 percent increase on year-on-year in March worth $1.064 billion.

The recent increase in the textile sector after a long dip is due to the decrease in duties, said officials at the Ministry of Textiles. They have zeroed customs duty from 4 percent. Likewise, sales tax has been zeroed from 5 percent. They have introduced made-ups.

Related Keywords: bamboo fabrics, composite mills, embroidery yarn, fabric buyers, fabric makers, fabric suppliers, garment accessories, innovative yarns, mélange yarns, modal fabrics, multifunctional yarns, spandex yarn, speciality fibres, spinning mills, textile exports, textile fairs in India, textile industry of India, textile makers, trading houses, Weavers, yarn buyers, yarn suppliers

Despite the demonetization drive, which has affected the domestic and export industry sentiment, the Yarn Fabric & Accessories Trade Show; YFA 2016 which was held from November 23-26, 2016 in New Delhi, saw visitor numbers climbing 15 per cent over the previous edition to 8,598 buyers. A majority of the 148 exhibitors participating at the show also expressed satisfaction with the numbers as well as the quality of the buyers.

Related Keywords: apparel exporters, Apparel Sourcing, clothing accessories, denim fabric sourcing, international textile market, international textile sourcing, Intex South Asia, textile exhibition, textile exports, Textile fair, Textile Industry, textile suppliers, textile trade buyers, Trade associations, yarn manufacturers, yarn sourcing

The 2nd edition of Intex South Asia – South Asia’s only international sourcing show concluded on a successful note which witnessed 2485 professional trade buyers from 18 countries and regions who visited the exhibition and interacted with more than 140 textile suppliers to source yarns, apparel fabric, denim fabric and clothing accessories from India, Pakistan, Bangladesh, Sri Lanka, China, Taiwan, Korea, Malaysia, Indonesia, Japan, Singapore, Italy and South Africa.

Related Keywords: AEPC, aimed at improving competitiveness, announced by the government, approval by the cabinet, Employee Unique Identification Number, generating higher number of jobs, improving production, labour reforms, Special textile package, textile exports, yet to take off in terms of creating jobs

The special textile package approval by the cabinet and announced by the government in June which involves a total outlay of Rs 6,000 crore aimed at improving competitiveness and generating higher number of jobs through a string of labour reforms is yet to take off in terms of significantly creating jobs and improving production.

The apparel manufacturing, specific sub-sector within textiles targeted by the package, show that any significant rise in hiring is yet to happen under the new norms.

Related Keywords: cotton arrivals, cotton buyers in Pakistan, cotton imports in Pakistan, cotton prices in Pakistan, cotton spinners, cotton trade, textile exports

On Tuesday, cotton prices in Pakistan slid amid lackluster trade due to lack of buying interest from spinners and higher imports of cotton, whereas, cotton prices in the world markets moved higher.

The spot rate settled at PakRs5,500/maund (37.324 kilogram each), down PakRs50/maund from the previous level. Around 1400 bales of cotton were changed hand in the ready markets of Sindh and Punjab.

Related Keywords: cotton production in Ethiopia, duty free import in Ethiopia, Ethiopian export target, Ethiopian Textile exports worth, Ethiopian textile industry, industrial zones in Ethiopia, textile exports

The Ethiopian Textile Industry Development Institute (EDITI) stated that the country’s textile exports for the first half of Ethiopian fiscal year 2015-16 are lagging behind the plan target.

The target was to achieve $60.07 million from textile exports, while only $41.1 million was attained, which is only 70% of the plan, said EDITI.

During the mid of last year, the government revealed ambitious plans to stimulate the sector by offering attractive incentives to investors.

Related Keywords: fabric suppliers in India, fabrics and garment accessories, global textile industry, textile and apparel industry in India, textile exports, textile value chain, Yarn Fabric and Accessories

Yarn Fabric and Accessories Trade Show 2015, New Delhi proved skeptics wrong and turned out to be a major hit with both, exhibitors as well as buyers, as a majority of suppliers at the show expressed full satisfaction with their participation, while most of the buyers too said they were satisfied with their visit to the first of its kind South Asian show.

Related Keywords: Duty Drawback rates, man-made fibers, Polyester/Viscose blended spun yarn, rayon exports, rayon textiles, textile export to Africa, textile exports

The Synthetic and Rayon Textiles Export Promotion Council (SRTEPC) has welcomed the initiative taken by the Central Government to boost the exports of textiles made of Man-made fibres for B&C group of countries under the MEIS Scheme. In the original policy issued in April 2015 there was no incentive for export of such textiles for Africa and Latin American countries falling under the B&C category. While this will be a definite booster for increasing our export of textiles to non-conventional markets, few items have skipped the attention of the authorities.

Related Keywords: apparel industry in Sri Lanka, fabrics and accessories, garment industry of Sri Lanka, leading textile companies, textile exports, Textile Industry, textile products and clothing accessories, textile suppliers, total export earnings of Sri Lanka

During the inauguration of Intex South Asia International Apparel Fabrics and Accessories Exhibition at Sri Lanka Exhibition and Convention Centre yesterday, it was disclosed that Sri Lanka aims to be among the top 10 high quality supplier countries in the world by 2020.

Out of Sri Lanka’s total export earnings, 40% is contributed by the garment industry of the country.

In 2014, the total sector exports value was US$ 4.98 billion.

Related Keywords: Assocham, European Union countries and US, Indian textile industry, industry body, offset negative impact from TPP accord, sign FTAs, textile exports

Indian textile industry to touch its potential of $500 billion by 2025 from the current level of $110 billion, Assocham, industry body advocated signing of FTAs with European Union countries (EU) and entering agreement with the US to offset the negative impact from theTrans-Pacific Partnership (TPP) accord on textile exports.

The chamber has stated that the estimated $500 billion potential consists of domestic sales of $315 billion and exports of $185 billion.
India’s garment exports to the US accounts for 20-35 percent.