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Related Keywords: ATUFS, development of handicraft sector, eligible benchmarked machinery, Government of India, initiated proposal, provision for one time capital subsidy, research work, setting up Hastkala Academy, technical textiles and garmenting, Textile Industry, Textiles Minister Smriti Irani

The government of India has initiated a proposal for setting up a Hastkala Academy at New Delhi under which research work on development of the handicraft sector will be taken up, Parliament was informed today by Textiles Minister Smriti Irani in a written reply to the Rajya Sabha.

Smriti Irani said that an amended technology upgradation fund scheme (ATUFS) is in place for the textiles industry, which as become effective from January.

Related Keywords: another key milestone, creating a highly sustainable fibre from cotton waste fabrics, fibre being tested with selected brand manufacturers, help drive circular economy solutions, innovative approach to marketing, launching new Tencel fibre, leading corporation in man-made fibre production, Lenzing, retailers, Textile Industry

Lenzing, a leading corporation in the man-made fibre production is launching a new Tencel fibre. Tencel already known in the market as an eco-friendly fibre is now achieving another key milestone by creating a highly sustainable fibre from cotton waste fabrics to help drive circular economy solutions in the textile industry.

Related Keywords: API, exports to grow only one percent, Indonesian textile and textile products industry remains under pressure, Indonesian Textile Association, key industry within Southeast Asia, labor intensive, one of the oldest industries in Indonesia, ten largest textile producers, Textile Industry, trouble to compete with imports of cheap textile

The textile industry, one of the oldest industries in Indonesia, is a key industry within Southeast Asia's largest economy as it - being labor intensive - creates employment opportunities for millions of Indonesians. Although, by far, China is the world's top textile producer and exporter, Indonesia cannot be labelled a small player being ranked among the world's top ten largest textile producers.

Related Keywords: acrylic yarn export, India’s yarn export, manmade fibre yarn exports, PC yarn exports, polyester yarn export, PV yarn exports, Spun yarn exports, Textile Industry, textiles in india, viscose yarn export, yarn exports value, yarn import in Bangladesh, yarn import in Egypt, yarn import in turkey, yarn industry

India’s blended spun yarns export was worth US$30.3 million in May 2016, down 5.8 per cent YoY while volumes were at 10.5 million kg. During April 2016, blended spun yarns export value was up 11.2 per cent YoY while volumes rose 19.5 per cent as compared to the same month last year.

5.3 million kg of PC yarns was exported from India during May. Polyester cottons yarns were exported to 47 countries in May 2016, of which, Bangladesh and Honduras were the largest importers of PC yarn from India in May followed by Colombia.

Related Keywords: duty remission, enjoy VAT exemption, Finance Bill, garments manufactured in EPZs, imported clothes will attract duty, imported from North America and Europe, Nairobi, popularly known as mitumba, Second-hand clothes, sold in Gikomba Market, sold in local market, Textile Industry

Second-hand clothes, popularly known as mitumba, are mostly imported from North America and Europe into Kenya. Most of these second-hand clothes are sold in Gikomba Market, Nairobi. It is estimated to hold close to 65,000 traders. According to the Finance Bill 2016, all imported clothes will attract a duty of $0.4 (Sh40.8) per kilogramme of clothes up from $0.2 (Sh20.4) per kilogramme, the Government believes is as a win-win solution to the mitumba trade that has crippled the country’s textile industry.

Related Keywords: APTMA, arrest decline in the size of domestic cotton, competitive prices, failure of cotton crop, import of cotton, make raw material available to industry, Pakistani textile manufacturers, Textile Industry, withdraw three percent import duty on cotton

Pakistani textile manufacturers urged the government to withdraw three percent import duty on cotton to arrest the decline in the size of domestic cotton. All Pakistan Textile Mills Association (Aptma), ChairmanTariq Saud, Chairman said that the removal of duty was essential so as to make raw material available to the industry at competitive prices.

Related Keywords: Cotton Advisory Board, cotton main raw material, domestic production might be less, hit acquisition prices for textile mills, import may be more than estimates, Indian Texpreneurs Federation, international cotton prices lower than Indian prices, mill gate price, South India Spinners Association, steep hike in cotton prices, Textile Industry

The textile industry may import more than the estimates as domestic production might be less than the expected 352 lakh bales and also international cotton prices are lower than the Indian prices. In the last few weeks, there has been steep hike in cotton prices, by about Rs.6,000 a candy which is a matter of concern to the textile industry for which cotton is the main raw material.

Related Keywords: best technical experts, four certificate course, hold one diploma course, NIFT TEA Knitwear Institute, production management, production technology and management, promoted by Tirupur garment exporters, signed draft MoU, Sri Lanka Institute of Textile and Apparel, Textile Industry, Tirupur knitwear cluster, utilize Lankan expertise

The NIFT-TEA Knitwear Institute, promoted by Tirupur garment exporters, and Sri Lanka Institute of Textile and Apparel signed a draft Memorandum of Understanding (MoU) in Colombo on Friday for utilizing the Lankan expertise on production management. The MoU will automatically get implemented once the Lankan Government gives the formal approval.

This tie-up is very important as the Lankan institute been famous for producing some of the best technical experts in production technology and management in the textile industry across the globe..

Related Keywords: apparel and garment units in north eastern states, CCI, cotton grower, development of infrastructure, generated employment, handloom brand, handloom sector, MSP, sanctioned twenty four textile parks, Santosh Gangwar, SITP scheme, skilled workforce, Textile Industry, textile ministry performance, textile projects, TUFS, Union Textile Minister

Union Textiles Minister Santosh Gangwar on Friday at a press conference talking about the Textile Ministry’s performance in the past two years said that under the scheme for integrated textile parks (SITP) implemented to stimulate development of infrastructure, 24 new textile parks have been sanctioned in the last two years, facilitating investment of Rs 4,500 crore and generating employment for 66,000 people.

Related Keywords: average price, busy in short covering, buying confined to premium quality lint, cotton bales, demand for yarn and textiles starts picking up momentum, Karachi Cotton Association, official spot rate unchanged, Pakistan cotton market, prices maintained upward trend, rise in demand, spinning mills, Textile Industry

Due to rise in the demand from the textile industry, the cotton market maintained an upward trend on Saturday with most of the buying confined to premium quality lint at Rs6,000/maund, dealers said.

According to cotton dealers, around 6,400 bales of cotton by different traders in Sindh and Punjab were finalised at an average price of Rs5,500/maund. However, the low quality cotton was being traded somewhere around Rs4,000/maund.

Spinning mills seem busy in short covering, as demand for yarn and textiles starts picking up momentum.