News Tags

Related Keywords: Bangladesh government, cash incentive, jute sector, textile sector

The Bangladesh government had announced cash incentives of Tk 25.92 billion to 19 export products for the current fiscal year to promote sales overseas and to encourage exporters to explore new potential market for Bangladeshi products. The last or fourth installment of cash incentive amounting to Tk 6.48 billion has been released for disbursement among major exporters for the fiscal year (FY) 2013-14.

The central bank has been directed by Ministry of Finance (MoF) this Thursday to start with the disbursement of incentive for the period of April to June 2014.

Related Keywords: textile sector, Zambian cotton industry

ZAMBIA has vast potential in cotton and textile industries which can be turn into sustainable forex earners as cotton production and textile development go hand in hand because the two sectors are interdependent.

According to Deputy Minister of Agriculture and Livestock Greyford Monde, the growth of the cotton industry is vulnerable to due lack of cost-effective farming strategies, which have ultimately resulted in a reduction in farmers’ participation.

Related Keywords: cotton yarn, textile sector

The Pakistan government plans to impose five percent tax on imports of cotton yarn and increase sales tax, for value-added textile sector, to five percent is termed as 'hostile' policies by exporters. As the government, through its taxation policies turning prospects of the value-added textile growth under GSP Plus advantage into an uncompetitive level in the EU markets.

Related Keywords: textile sector

To strengthen bilateral relations in the textile sector between India and Bangladesh, the officials of the two countries will be meeting later this month. The meeting turned up a memorandum of understanding (MoU) is a major trade facilitation mechanism on Textile Sector collaboration signed between the two neighbouring countries in August, 2013 when Abdul Latif Siddique, the then minister for Textiles and Jute of Bangladesh, visited New Delhi at the invitation of KS Rao, minister of Textiles of India.

Related Keywords: dysfunctional units, textile sector

Indian state Punjab and Haryana facing major challenges in the textile sector which has arise due to non-functioning of many textile factories, causing job loss, primarily due to low productivity, lack of foreign investments and labour issues during 2000-01 and 2010-11, according to a study conducted by the Associated Chambers of Commerce and Industry of India (Assocham).

Clocking a compounded annual growth rate (CAGR) of about 35 per cent, the number of non-operating textiles units in Punjab grew from 11 to 227 units between 2000-01 and 2010-11, said a study

Related Keywords: Coimbatore textile manufacturers, global textile trade, Indian textile market, Kavuru Sambasiva Rao, Textile production, textile sector

Union Textile Minister Kavuru Sambasiva Rao is of the view that the current India’s annual production level of textile goods which is $90 billion is likely to increase to $220 billion by 2020 with China to divert its focus to other sectors.

Related Keywords: North East Region Textile Promotion Scheme, textile sector, Union Textile Minister

The North East Region Textile Promotion Scheme (NERTPS) was launched by Union Textiles Minister Dr K S Rao at New Delhi yesterday during a meeting of senior representatives from all the North Eastern states, official sources said here today.

The broad objective of the NERTPS is to develop and modernize the textile sector in the region by providing government support in terms of raw material, seed banks, machinery, common facility centres, skill development, design and marketing support etc.

Related Keywords: cotton prices, short phutti supply, textile sector

Cotton prices saw an upward trend due to short phutti (seed cotton) supply and ginners demanding higher rates on Wednesday. Trading activity continued to remain dull and listless as spinners reluctant to pay higher prices.

Another reason which pushed cotton prices up was a large participation of Pakistani textile sector in Heimtexil fair being held from Jan 8 to 11 in Frankfurt, Germany.

They added that the expectations that 226 companies from Pakistan displaying their textile products in the fair could get large export orders are presently inducing sentiment.

Related Keywords: cotton farming, Japanese investors, Nitori Holding, textile sector

Japan's Nitori Holdings Company set off the move to ensure that cotton is no longer exported as raw material rather exported as processes good for which they has secured 4,000 ha from Handeni District, Tanga Region for cotton farming and textile factory investment.

Tanzania Cotton Board (TCB) Acting Director General Gabriel Mwalo said that the investors will begin cotton farming on the 4,000 ha that they have been given by the district authorities.

Related Keywords: Colombiatex, new trade opportunities, Pacific alliance nations, textile sector

Colombiatex of the Americas, upcoming textile trade fair of Colombia will be held in Plaza Mayor Medellín from January 21 to 23, 2014 where nearly 1,750 international buyers from 28 countries, 8,400 national buyers and more than 500 exhibitors from countries, such as Colombia, India, Spain, Brazil, Mexico, Pakistan, Ecuador, Peru, Singapore, Italy, the United States, Turkey, and Portugal, among others, will gather.