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Related Keywords: energy for the textile sector, establishment of garment-weaving cities, Federal Minister for Textile Industry, ginning institute, infrastructure projects, Pakistan new textile policy, textile exports

The new textile policy of Pakistan which carries measures to increase country’s textile exports to $26 billion by the year 2019 is yet to get approval. It’s being delayed despite the fact that textile exports showed negative growth during the first quarter of the current year.

A well-placed source in the ministry of textile industry said that the five-year textile policy will carry support schemes worth Rs85bn in a period of five years. The new policy will be effective from July 1 focusing on value-addition.

Related Keywords: custom clearance at ports, EU and Canada, Free trade agreement, international fairs, MAI, market promotional activities, MDA, TEA, Technology Upgradation Fund, textile exports, Tirupur Exporters Association, Tirupur exports

The Tirupur Exporters' Association (TEA) at an Exporters' Meet held at Tirupur, Panda made an appeal to take up the issue of 24 X 7 customs clearance at the ports, a proposal announced by the Finanace Minister Arun Jaitley in the budget, to expedite the movement of garments.

Union textile secretary, Sanjay Kumar Panda in response to the appeal made has assured the knitwear garment exporters to take up various issues either confronting them or pending for implementation with the concerned ministries and try to resolve them.

Related Keywords: cotton fiber, cotton yarn, Dilbar Makhmudova, foreign investors, increase domestic processing, State JSC, textile exports, Uzbek banks, Uzbekistan, Uzbeklegprom

Uzbeklegprom State JSC has planned a five year project from 2015-2020 to increase domestic processing of cotton fiber for which the company will direct about US$1 billion and decrease its exports in line with the concept of developing light industry in Uzbekistan, the head of the Uzbeklegprom main department Dilbar Makhmudova told on Sept. 5.

A development program concept for the next five year was developed by Uzbekyengilsanoat in cooperation with several ministries and departments.

Related Keywords: Abughazaleh Trading Company, apparel brand, employment generation, foreign exchange earning, homegrown luxury brand, industrial output, textile and garment companies, textile exports, textile imports, trading sector, UAE textile industry

The UAE textile industry is not only the country’s largest trading sector after oil but it occupies an important place in the UAE economy as a whole and particularly in Dubai, because of its contribution to the industrial output, employment generation and foreign exchange earnings.

UAE's textile exports cover more than 50 countries in Africa, the Middle East, South Asia and Europe, while major exporters are China, South Korea, Japan and Indonesia.

Related Keywords: duty on textile machinery, export credit, export finance, export promotion of cotton textile, pre-budget memorandum, Texprocil, textile exports, TUFS

Texprocil, a government constituted body for export promotion of cotton textiles submits to Finance Minister Arun Jaitley in a pre-budget memorandum lists measures which can boost exports and provide employment to over two lakh people in India especially women.
 

Related Keywords: Egypt, Man made fibre hub, MMF textile, of Federation of Indian Art Silk Weaving Industry, Pakistan, textile exports, trade issue, unrest

Surat, country's biggest man-made fibre hub for the first time due to continued political and civil crisis along with unresolved trade issues between India and Pakistan is seeing a major impact on their man made fabric (MMF) textiles exports, including fabrics to Pakistan has taken a hit and declined by 16 percent.
 
Exports to Egypt, too, have declined by more than 23 per cent due to the political crisis there. As compared to $219 million worth of export in 2012-13, India exported $167 million worth of MMF textiles in 2013-14 to Egypt.
 

Related Keywords: bilateral trade, economic relation, Pakistan textile industry, textile exports, Vietnam

Vietnam is showing interest in increasing their bilateral trade and economic relation with Pakistan. Vietnam sees huge potential for export of textiles, leather and other products from Pakistan. Head of trade mission of Vietnam, Vu Viet Dzung during his meeting with chief executive of Trade Development Authority of Pakistan (TDAP) S M Muneer, has expressed the desire for enhancing trade volume between the two countries.

Related Keywords: Clothing Manufacturers, CMAI, Garment Fair, Labour Laws, textile exports, Textiles

India is the second largest manufacturer and exporter of textiles and clothing after China is set to witness robust growth in textile exports this year although a slow moving growth was seen last year recording $40 billion against the set target of $ 43 billion, a shortfall of $ 3 billion. But during this financial year, textile exports is set to touch $ 50 billion.

Related Keywords: garment sector, textile exports, TPP economies, Vietnam textile sector

Textile and garment sector of Vietnam has been playing an important role in national socio-economic development of the country. Not only the textile and garment sector in recent years has witnessed fast and sustainable growth but has been contributing significantly to country’s total export revenue. Vietnam's garment and textile sector earned US$19.8 billion from exports in 2013, up 16.9 percent year-on-year of which garments and textiles exported to 11 TPP economies stood at over US$11 billion

Related Keywords: cotton production, Pakistan textile industry, textile exports

The Pakistan textile industry has infrastructure, finance, expertise and manpower to increase its export and achieve the GSP Plus targets set. The industry is convinced it can earn $1 billion through additional exports to the EU. However, it may not be able to perform, as required, due to non availability of certain raw materials, like cotton. If cotton production is not stepped up, it could prove to be weakest link in the whole scheme of things.