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Related Keywords: APTMA, DLTL, duty structure on MMF, exposed to euro, high cost of production, international market, Textile Industry, textile policy, TUFS, uninterrupted energy supply

All Pakistan Textile Mills Association (APTMA) has urged the government to ensure uninterrupted energy supply ahead of summer to textile industry in Punjab having witnessed a decline of 13 percent month-on-month basis as per the overall exports data for February 2015.

According to Aptma Chairman S M Tanveer, high cost of production is rendering textile industry uncompetitive in the international market place. Moreover, the competitors are being supported by government in terms of incentives, which is taking away Pakistan’ share in international market.

Related Keywords: delay in arrival of next crop, higher consumption of cotton, KCA, ongoing spell of rain and cold weather, Pakistan cotton market, pressure on lint prices, rising cotton prices, spinners continued building stocks, Textile Industry, world cotton market, World cotton price

Despite rising cotton prices on Tuesday, spinners continued to build up their stocks fearing delay in arrival of next crop. The next cotton crop is likely to be late by three to four days, as a result of the ongoing spell of rain in Punjab and cold weather in Sindh.

The higher consumption of cotton by the textile industry is also putting pressure on lint prices which have moved to a seasonal high of Rs5,250 per maund. However, shortage of quality lint is another major factor which has pushed prices up.

The Karachi Cotton Association (KCA) left its spot rates unchanged.

Related Keywords: grey and dyes clothes, high end looms, increase employment potential, increasing spinning capacity, low end looms, mega textile park, Telangana, Textile Industry, textile supply chain, Warangal

Telangana to support its textile industry is working to set up an exclusive market for grey and dyes clothes in Warangal, where the government proposed to set up a mega textile park.

The idea behind setting up exclusive market is to have all the elements of the textile supply chain at one place. The proposed market will come up in about 30 acre for which the land has been identified, said Jayesh Ranjan, managing director of Telangana State Industrial Infrastructure Corporation, the nodal agency for land allotments for industrial projects.

Related Keywords: collaboration with Premium African Textiles, counterfeiting, fight against piracy, Ghana textile industry, global leader, Goldkeys Technology, introduces new technology, mPedigree network, owners of GTP, secure products against faking, Textile Industry, Vlisco and Woodin Textiles

The mPedigree network, a global leader makes use of mobile and web technologies in securing products against faking, counterfeiting and diversion has introduced a new technology, the Goldkeys Technology to fight against piracy in Ghana’s textile industry.

The Goldkeys technology, is part of a new campaign to end the age-long canker in the local textile industry of Ghana. The new technology will help textile dealers to authenticate original textile products by attaching scratch-labels with code on the packs of product.

Related Keywords: availing cenvat credit, centres move, Cotton textile export promotion council of India, double time limit, GST, impact overall cost, imported raw material, increase in service tax, Make in India campaign, measures for speedy refund, on input to one year, special additional duty, Technology Upgradation Fund, Texprocil, Textile Industry

The Cotton Textile Export Promotion Council of India (Texprocil) welcomes the Centre’s move to double the time limit for availing Cenvat credit on inputs to one year. It has also expected the increase in service tax by two percent to 14 percent to impact the overall cost.

However, RK Dalmia, Chairman, Texprocil said that the government should have announced measures for speedy refund of service tax on export-related services.

The special additional duty on various imported raw material and inputs was announced, but unfortunately no mention of textile items in it.

Related Keywords: bolting cloths for sifting flour, breeding of silkworms, canton of Zurich, internationally famous for black taffeta, last silk factory, leading manufacturing industry, second largest silk producer, silk trade, silkworm breeders, Swiss Silk Association, Textile Industry, Zurich silk industry

The textile industry plays an instrumental role in the history of the canton of Zurich. Of particular importance is the Zurich silk industry. The silk trade was the leading manufacturing industry in the canton of Zurich from 1840 to 1900. There are records of silk being made in Zurich as far back as the Middle Ages, and a number of workshops sprang up all around the country, but in 1914 the last silk factory was closed in Ticino.

Related Keywords: cost of production, Cottco, cotton crop 2015 too small, cotton exports, cotton farmers, Cotton Ginners Association, cotton price, cotton production, fall in annual revenue, farmers left stranded, Textile Industry, white gold, Zimbabwe cotton

Zimbabwe cotton also known as the white gold had economically uplifted places such as the hot and semi-arid marginalized areas like Gokwe in the Midlands Province. Besides bringing in the much needed foreign currency, the textile, oil-pressing and stock feed industries also benefitted from cotton production in Zimbabwe. But today, the nation cannot talk of a 2015 cotton crop because there is no cotton crop to talk about.

Related Keywords: Apparel Industries, cities around the country, double or triple capacity, expand their Indian operations, foreign investment, hub of indian yarn, huge factories, Indian economy, Multinational companies, outside investors, rupee surging, spurring business expaniesion, start new ones, Textile Industry, Tiruppur

Multinational companies are looking to expand their Indian operations or start new ones as the stock market and rupee are surging. The growth in India's economy, long a laggard, just matched China's pace in recent months.

India is emerging as one of the few hopes for global growth, as other big developing markets stumble. China's economy is slowing. Brazil is struggling as commodity prices plunge. Russia, facing Western sanctions and weak oil revenue, is headed into a recession.

Related Keywords: Dr Harrison Mwakyembe, Heads of East African community, Minister for East African Cooperation, protection of textile and tanner ubdystruesm, Textile Industry

Heads of the East African Community member states on agreeing to set up a mechanism that will promote growth and protection of textile and tanner industries in East Africa. The council of ministers is currently working out modalities to enhance implementation of the agreement by Heads of State to revive textile and tanner industries.

Related Keywords: approved, at Kagal, Board of Directors meeting, Eurotex Industries and Exports Ltd, from raw cotton to ready t wear, high value fashion garment, latest machinery and technology, Patodia Eurotex group of Industries, set up new textile project, sophisticated plants, Textile Industry, yarn production

Eurotex Industries and Exports Ltd. is a part of the Patodia Eurotex Group of Industries of national and international fame. The group's present annual turnover is in excess of USD 100 million (exports contributing over fifty percent) and covers almost a full range of the activities of the textile industry, from raw cotton to ready to wear high value fashion garments. The Board of Directors of Eurotex Industries and Exports Ltd at its meeting held on February 14, 2015, has approved setting up of New Textile Project at Kagal, Kolhapur.