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Related Keywords: 300 exhibitors, Bombay Convention and Exhibition Centre, First global textile technology, GTTES 2015, Heavy Industries Ministry, International Textile Machinery Exhibitions Society, post spinning segment, promote brands, textile department, textile sector

The first Global Textile Technology & Engineering Show (GTTES) 2015 is all set to open up with focus on the post-spinning segment and provide a one stop solution for every business in the textile sector.

More than 300 exhibitors are expected at this event, with strong representation from countries such as China, Taiwan, Korea, Japan, the US and India. Seven companies from Coimbatore are also expected to participate, according to International Textile Machinery Exhibitions Society, India (ITME) organizer of this event.

Related Keywords: APTMA, Global Textile Market Outlook, joint declaration, labour laws and implementation, Pakistan textil summit, PM Nawaz Sharif, PTEA, sustainability of Textile Sector, textile industry in Pakistan, Textile Ministry, textile sector

The first Pakistan Textile Summit that is jointly organized by the textile ministry, All Pakistan Textile Mills Association (Aptma) and Pakistan Textile Exporters Association (PTEA) is scheduled to be held at a local hotel on November 27 (Tomorrow).

The summit will have detailed discussions on the challenges being faced by the textile sector. There will be three sessions -- Textile Industry in Pakistan, Global Textile Market Outlook and Sustainability of Textile Sector.

Related Keywords: capitalize benefits of GSP plus, EU, joint seminar, Pakistani bussinessmen, PITAD, President RCCI Asad Mashadi, RCCI, textile sector, trade market

A joint seminar was organised by the Rawalpindi Chamber of Commerce and Industry (RCCI) and Pakistan Institute of Trade and Development (PITAD) at RCCI on Friday to create awareness on capitalizing the benefits of GSP Plus given by EU.

Related Keywords: attract textile investment, Karnataka state government, mega textile park, New Textile Policy 2013-18, preferred textile destination, textile clusters vis-a-vis skill development programmes, textile investors meet, textile sector, Yadgir district

The new Textile Policy 2013-18 recently announced by the Karnataka state government aims to attract investment worth over Rs 10,000 crore in the sector during the five-year policy period but a growth close to three times over the previous policy period, create jobs for about half a million during the new Textile Policy period with majority of jobs in the rural areas and also make the State a preferred textile destination, Chief Minister Siddaramaiah said.

Related Keywords: 2014 budget, construction MSMEs, CRISIL, employment, infrastructure investment, mega cluster, semi-skilled workforce, skilled, textile sector, TUFS

The textiles sector and construction MSMEs is set to witness a substantial increase in employment following the 2014 budget. Though, it already offers numerous opportunities to the country's skilled and semi-skilled workforce.

With the budget 2014 allocating Rs.330 crore for textile sector, which includes enhancements to the Technology Upgradation Funds Scheme (TUFS) and plans to set up six new mega-clusters across the country.

Related Keywords: cotton farmers, cotton resource, liberal market, recapitalize, technology upgrade, textile sector, Zeparu, Zimbabwean textile industry

The Zimbabwean textile industry requires at least $200 million in the short to medium term to recapitalize, this was revealed by the Zimbabwe Economic Policy Analysis and Research Unit (Zeparu) based on the research study conducted on the Zimbabwean cotton and clothing industry. But, the biggest challenge for the Zimbabwe government with global competitive pressure is to find a way out to make the most of the cotton resource to industrialize in the context of a liberal market.
 

Related Keywords: global trade, GSP plus regime, Pakistan textile policy, readymade garment, textile sector, value added textile sector

The delay in reintroducing the textile policy poses a big challenge to the Pakistan textile sector to deal with the global buyers for the coming seasons. The entire textile sector is under stress for want of a policy and held up in midway to carry on their global trade especially with the EU under the GSP Plus regime as the textile policy lapsed last month. The policy that helps the industry boost.
 

Related Keywords: entrepreneurs, Pakistan, textile sector

A meeting was held between the Faisalabad Chamber of Commerce and Industry (FCCI) President Suhail Bin Rasheed and textile entrepreneurs on Tuesday. The prime agenda of the meet was focused on the revival of closed units in the textile sector.
 
Former textile minister Mushtaq Ali Cheema also spoke while Azhar Majid, Mian Muhammad Latif, Farhan Latif and FCCI’s former president Muzammal Sultan were present.
 

Related Keywords: consumption trend, cotton prices, Pakistan cotton market, spinning mills, textile sector

A decline in consumption by spinning mills lead to drop in cotton prices. The country’s textile sector which consumed between 1.3 million to 1.4 million bales average monthly has plummeted to around 4 lakh bales since the start of Ramazan.
 
The Karachi Cotton Association (KCA) on Tuesday reduced its spot rate by Rs300 to Rs6,455. While, following were Tuesday’s new crop Karachi Cotton Association (KCA) official spot rates for local dealings in Pak rupees for base grade 3 staple length 1-1/32” micronair value between 3.8 to 4.9 NCL.
 

Related Keywords: debt restructuring package, textile sector, TUFS

The Government to tackle impede faced by the textile sector had proposed a debt restructuring package for the textiles industry continues to remain grounded, as textile mills, garment and processing units are worried that any further restructuring would render their bank loans into non- performing assets (NPAs). Moreover, it would disallow them from gaining benefits under the Technology Upgradation Fund Scheme and push up their borrowing costs.