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Related Keywords: fast becoming an attraction, Foreign Direct Investments, Foreign Economic Relations Board of Turkey, General Secretary Mustafa Mente, Many Turkish companies, negotiations under way, particularly in fabrics and yarn, presence in Pakistan, rising Gross Domestic Product, textile sector, Turkish companies scout for more business avenues

Many Turkish companies have their presence in Pakistan and the country’s rising Gross Domestic Product (GDP) is fast becoming an attraction for Turkish companies as they scout for more business avenues, said said Foreign Economic Relations Board of Turkey General Secretary Mustafa Mente.

Mente said that currently negotiations are under way for Foreign Direct Investments in textile sector particularly in fabrics and yarn; however, some technical issues remain unresolved.

Related Keywords: and material supply., country will not have to bear many trade barriers, create huge impetus for Vietnamese garment, if comes into force, in terms of cost, market scale, RCEP, Regional Comprehensive Economic Partnership, textile sector, The RCEP covers sixteen countries, to bring in numerous benefits, Vietnam is joining negotiations

Vietnam is joining negotiations for the Regional Comprehensive Economic Partnership (RCEP). The RCEP, if comes into force, will create huge impetus for Vietnamese garment, textile sector as the country will not have to bear many trade barriers.

The RCEP covers 16 countries, including 10 members of the Association of the Southeast Asian Nations and their regional trading partners of China, Japan, South Korea, Australia, New Zealand and India.

Related Keywords: agreement signed between the Ministry of Tourism, allocated to train about two thousand Tunisian women, development of skills, Director-General of the Textile and Carpet Technical Centre, disposal of traditional product, Family and Children, handicraft, innovation, Ministry of Women, raw materials, research, textile sector, Two million dinars

Two million dinars has been allocated to train about 2,000 women in the textile sector, by virtue of an agreement between the Ministry of Tourism and Handicraft, and the Ministry of Women, Family and Children, said Director-General of the Textile and Carpet Technical Centre Taoufik Mediouni.

Related Keywords: benefit for cotton yarns, Cotton Textiles Export Promotion Council, five percent reduction in corporate income tax, FTA, medium and small enterprises, MEIS, merchant exporters, relating to interest subvention, Texprocil, textile sector, urged government to reinstate some incentives, welcoming the Budget, will benefit a large number of MSMEs

The Cotton Textiles Export Promotion Council (TEXPROCIL) welcoming the Budget urged the government to reinstate some of the incentives relating to interest subvention for merchant exporters and cotton yarn and MEIS benefit for cotton yarns.

Related Keywords: cotton bales, cotton market on Tuesday, cotton traders, official spot rate stayed unchanged, seed cotton prices rise, Sluggish business, textile sector, Trade enchancement package, trading activity remain firm

In the process of sluggish business, trading activity remain firm at cotton market on Tuesday, dealers said. The official spot rate also stayed unchanged at Rs 6500.

In Sindh, seed cotton prices were at Rs 3100-3450, while in Punjab, phutti rates were at Rs 3100 and Rs 3650, as per 40 kg. In the ready session, over 3,000 bales of cotton changed hands between Rs 6400 and Rs 6750.

According to expers, cotton traders welcomed issuance of the SRO and hoping for better outcome of incentives given to revive the textile sector.

Related Keywords: capital investment subsidy, entire textile value chain, get additional ten percent, made up segment, second largest employment generator, subsidy, Technology Upgradation Fund Scheme, textile sector, textiles ministry, under ATUFS

The made-ups segment which is the second largest employment generator after apparels in the entire textile value chain will get additional 10 percent capital investment subsidy of up to Rs 20 crore under the Amended Technology Upgradation Fund Scheme.

According to the notification from the Textiles Ministry "Every eligible made-ups unit which has availed 15 percent benefit under ATUFS will be paid an additional 10 percent capital investment subsidy on their investment up to an additional maximum cap of Rs 20 crore".

Related Keywords: amid firm physical price, bargaining prices, Cotton market, Ginners, KCA. spot rate stood unchanged, majority buyers bought second grade lint, remains selective, textile sector, trading activity, trading session. cotton bales

Trading activity at the cotton market remains selective amid firm physical price. Floor brokers said that majority of buyers bought second grade lint on bargaining prices at around Rs 6,425 per maund during the trading session. Around 960 cotton bales changed hands.

The Karachi Cotton Association (KCA) spot rate stood unchanged at Rs 6,250 per maund.

A senior trader, Ghulam Rabbani said that leading buyers were ready to pay premium price for fine grades and the ginning units in Sindh and Punjab stations were maintaining quality on demand from textile made-up and yarn sector.

Related Keywords: FDI, Global Vision of Indian Textile Industry, Indian textile suppliers, International textile conference, Make in India, Technical Textiles, Textile Association (India), textile investment, textile manufacturers, textile market in India, textile mills in India, textile sector, TUFS scheme

The Textile Association (India), Mumbai Unit organized International Textile Conference on “Make in India – Global Vision of Indian Textile Industry” on 1st & 2nd December 2016 at Hotel The Lalit, Mumbai. The Conference received overwhelming response.

Mr. C. Bose, President, TAI, Mumbai Unit welcomed the Chief Guest, Mr. Ujjwal Uke, IAS, Principal Secretary (Textiles), Government of Maharashtra and Key Note Speaker, Mr. R. D. Udeshi, President-Polyester Chain, Reliance Industries Limited. He also welcomed the Awardees, Speakers, Press, Media and delegates.

Related Keywords: ban on high denomination currency notes, consumption taking hit, Indian Texpreneurs Federation, low spending, more credit in yarn sales, poor off take of yarn and fabrics, practical help, short term working capital, textile sector

In the wake of the ban on high denomination currency notes, the textile sector was looking for some practical help from the Centre, as due to low spending, consumption was taking a hit and the retailers naturally were reducing the purchases, which was affecting the manufacturing in terms of poor off take of yarn and fabrics form the buyers, Indian Texpreneurs Federation (ITF) Secretary, Prabhu Dhamodharan said.

Related Keywords: boost cotton exports, improve cotton exports, Pakistan government, shrinking global demand, textile sector

Pakistan government has taken many steps to boost cotton exports which has witnessed negative trends during the fiscal year 2015-16 as compared to the last fiscal year 2014-15.

Cotton exports have declined from $11,983 million in the fiscal year 2014-15 to $11,020 during the fiscal year 2015-16.

Due to inconsistency in yield of cotton crop, rising cost of business and shrinking global demand resulted in decrease of cotton prices in the market and consequently, this affected the exports.