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Related Keywords: based in Turkey, capitalizes on business opportunities, Confederation of Zimbabwe Industries, Çukurova Group, CZI, domestic and international levels, especially in textiles and construction machinery sectors, explore investment opportunities, industrial and commercial conglomerate, shown interest in visiting Zimbabwe, textile sector

Çukurova Group, an industrial and commercial conglomerate based in Turkey has shown interest in visiting Zimbabwe soon to explore investment opportunities, revealed the chief executive officer, Clifford Sileya of the Confederation of Zimbabwe Industries (CZI) having received communication from a leading Turkish company.

Çukurova Group established in 1923 as a textile mill in Tarsus which quickly grew into a conglomerate within the industrial sector especially in textiles and construction machinery sectors, capitalizes on business opportunities at domestic and international levels.

Related Keywords: China share in global export, estimated to decrease, including India to increase exports, Indian exporters edged out of traditional markets, open opportunity for other exporting nations, plan to achieve target, special package announced, textile and apparel, textile sector

With China’s present share in global export of textiles and apparel estimated to decrease from 40% to 33% by 2025 which is likely to open an opportunity of more than US$ 150 billion for other exporting nations including India to increase its exports.

India has mapped strategy to achieve the target of US Dollar 48.5 billion for textile sector in current financial year by announcing the special package of Rs 6,000 crores which will boost the employment generation and export of textile and apparel.

Related Keywords: bilateral partnership, develop strong local industries, Export based industries, Iran, Kenay, Kenya leveraging on Iran expertise, Kenya ramped up business environment, proposed tax incentives, seeks to enrich trade ties, Special Economic Zones, textile sector

Trade and Industry Cabinet Secretary Adam Mohamed during a meeting with Iranian minister of Trade and Mining Mohammed Reza who is in Kenya seeking investment opportunity said that Kenya is particularly leveraging on Iran’s expertise in the textile and oil and gas sectors to develop strong local industries and seeks to enrich trade ties between the two countries.

The meeting is a follow-up of a memorandum of cooperation signed between the two countries during the 10th ministerial meeting of the World Trade Organization.

Related Keywords: allay security concern, Bangladesh government, brief businessmen on measures taken, export earning of Bangladesh, foreign companies invited, hold investor meeting, international businees community, key contributor, textile sector, win back confidence

The Bangladesh government subsequent to the terror attack that killed 20 people, mostly foreigners, in a Dhaka restaurant on 1 July has decided to hold an investor meeting next week to allay the international business community's security concerns where they shall brief the companies and the businessmen about the measures taken to answer all their security related queries, said Gowher Rizvi, senior adviser on foreign affairs to Prime Minister Sheikh Hasina.

Related Keywords: bargaining prices, blending purpose, buyers made cautious deals for second grade lint, domestic market, Ginners, insignificant demand from leading buyers, KCA, Pakistan cotton market, spot rate, textile sector, Trading activity remain dully

Trading activity remained dull at the cotton market on insignificant demand from leading buyers. According to floor brokers, buyers made cautious deals for second grade lint for blending purpose on bargaining prices at around Rs 5,300 per maund during the trading session. Around 200 bales changed hands.

The Karachi Cotton Association (KCA) corrected the spot rate downward by Rs 50 per maund to remain at Rs 5,750 per maund.

Related Keywords: huge opportunity for skilling, increase export, Make in India vision, New national textile policy, portfolio of great importance to rural economy of the nation, Prime Minister Narendra Modi shows faith in her capabilities, skill development, Smriti Irani takes charge of Textiles Ministry, textile sector

Smriti Irani takes charge of Textiles Ministry as Prime Minister Narendra Modi shows faith in her capabilities. She thanked Prime Minister for allocating her a portfolio which is of great importance to the rural economy of the nation.

Smriti said that she was happy to have been given an opportunity in the textile sector especially when a special package (of Rs 6,000 crore for the apparel segment) has been announced for the sector.

She is hopeful that the much-awaited new national textile policy "will soon see the light of day".

Related Keywords: better benefits of GSP plus status, Better volumes of second grade of lint, bought all grades, buyer remained cautious, buyers in Sindh andPunjab stations, Cotton import from India, cotton sector, decline in spot rate, KCA, kept trading firm, making any big deal, textile sector

Better volumes of second grade of lint kept the trading firm, traders at the Karachi Cotton Association (KCA) said on Tuesday. Buyer remained cautious in making any big deal as they only made deals according to their immediate need of lint on back of grade issue and in anticipation of decline in spot rate.

KCA kept the spot rate intact at Rs 5,500 per maund in order to provide support to weak stakeholders of raw grade to ward off minimal price level, said floor brokers.

Related Keywords: buyers made deals for all grades, ginners of Punjab, ginners of Sindh offered low grade lint, KCA, offered cotton of all grades, Pakistan cotton market, slightly higher price, spot rate, textile sector, trading session

During the trading session on cotton market, buyers made deals for all grades on slightly higher price at around Rs 5,000 per maund to Rs5,650 per maund and around 300 bales changed hands, said floor brokers.

The ginners of Punjab offered cotton of all grades to the buyers around Rs 5,000 per maund to Rs 5,150 per maund while ginners of Sindh offered low-grade lint to the buyers around Rs 4,975 per maund.

Related Keywords: buyer remained cautious, Buying remains selective, capitalise maximum returns, cotton production and demand by textile sector, go neck and neck, Karachi Cotton Association, Pakistan cotton markey, spinners in Sindh and Punjab stations purchased lint on cautious note, spot rate, textile sector, with dull volumes on grade issue of lint

At cotton market buyers remained cautious in making any big deal as they only made deals according to their immediate need of lint on back of grade issue and in anticipation of decline in spot rate.

Traders at the Karachi Cotton Association (KCA) on Friday said that buying remains selective with dull volumes on grade issue of lint that kept the leading buyers on sidelines while market's sentiments were firm with forward trading.

Related Keywords: buyers and sellers, buyers purchased, Cotton market, entangled in price war on second grade stuff, fine grade lint, ginning unit, KCA, making eals for fresh fine lots, slightly higher price, spinner and miller, spot rate remained firm, textile sector, three hundred bales changed hands, trading session

During the trading session at cotton market, buyers purchased fine grade lint on slightly higher price at around Rs5,000 per maund to Rs5,525 per maud. Around 300 bales changed hands, said floork brokers.

The Karachi Cotton Association (KCA) spot rate remained firm at Rs 5,650 per maund.

According to a senior trader, Ghulam Rabbani, buyers and sellers remained entangled in price war on second grade stuff and buyers bought grade at around Rs 5,375 per maund to cater their immediate need.