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Related Keywords: focus on building bridges, import polyester fabrics, Nguyen Tan Dung, raw yarn and fabrics, source material, Textile, Vietnam Prime Minister, Vietnam textile industry, yarns from India

Vietnamese Prime Minister Nguyen Tan Dung will arrive at Bodh Gaya on October 28 and then a day later travel to Delhi for formal, substantive meetings. Vietnamese PM’s visit will focus on building more bridges with India, so as to sources materials and reduce its dependence on China. The sector specifically that Hanoi is looking at India is textiles.

Vietnam imports most of its raw materials from China, especially for its emerging garment sector. In fact 50 percent of the raw yarn and fabrics are imported from Chinese firms.

Related Keywords: duty free access, EU market, Generalized System of Preferences, investment opportunity, Kyrgystan textile sector, Kyrgyzstan, reduced customs duty, Textile

Kyrgyzstan has been using the scheme of Generalized System of Preferences (GSP) since 1993. Under this scheme, the EU provides preferences for the import of about 7,000 items. Of these, 3,300 headings provided duty-free access, and 3,700 apply reduced rates of customs duties.

Kyrgyzstan plans to join the updated system of general preferences of the European Union, the Ministry of Economy of the KR reported.

Related Keywords: Association of buying agent, commission agent, export of service, foreign currency, MoU, readymade garment, service tax, Textile, textile export, Union Finance Ministry

The Association of Buying Agents for Textiles has submitted a memorandum to the Union Finance Ministry seeking relief from service tax levied on them in the recent Budget. The textile buying agents so far were exempted from service tax, as it amounted to export of services and were earning foreign currency for the country, said M Anand, General Secretary of the association.

There are over 700 such agents across the country who play a vital role in garment exports as close to 80 per cent of the export business is generated through them.

Related Keywords: bilateral trade, China, chinese market, coir fiber, cotton, Free trade agreement, FTA, Garments, President Xi Jinping, Sri Lanka, Textile, trade and economy

Sri Lanka and China both anticipate that Chinese President Xi Jinping's visit to the island tomorrow, a first by a Chinese head of state in 28 years, will expand cooperation and ties in trade and economy between the two countries.

According to the government of Sri Lanka, both countries in recent years have developed increasingly closer economic and trade relations and a proposed free trade agreement (FTA) between the two countries will boost Sri Lanka's future development.

Related Keywords: Gandhinagar Gujarat, GIDC, global business and investment event, Indian Embassy, Narendra Modi, new collaboration, Prime Minister, Qatari businessmen and investors, Textile, Vibrant Gujarat Global Summit

The Vibrant Gujarat Global summit, initiated by the Prime Minister of India, Narendra Modi, as former chief minister of Gujarat has evolved as a major global business and investment event. The 7th Vibrant Gujarat Global Summit scheduled to be held in Gandhinagar, Gujarat, from January 11 to 13, 2015, said a press statement issued by the Indian embassy.

Related Keywords: 35member delegation, business opportunity, Cluster Network, Gujarati entrepreneurs, Jagat Shah, Jammu & Kashmir Economic Development Council, jammu and kashmir, Pashmina shawls, Salil Patel, Shree Patel Tradelink, Textile, Vibrant Gujarat Global Investors Summit

Two Gujarati entrepreneurs , Jagat Shah, CEO of Cluster Network and Salil Patel, Director of Shree Patel Tradelink Pvt Ltd from Ahmedabad smelling a business opportunity have planned to take a 35-member delegation to attend an event proposed to be held in Jammu and Kashmir this month-end, for the first time, on the lines of Vibrant Gujarat Global Investors’ Summit.

Related Keywords: 20th century fashion styles, Chanel to Westwood, contemporary fashion, Fashion and Textile Museum, Knitwear in Fashion exhibition, Textile, vintage knitwear

The Fashion and Textile Museum is a cutting edge centre for contemporary fashion, textiles and jewellery in London will be showcasing inspirational vintage knitwear from the 20th century that have defined fashion styles and trends over the years.

Chanel to Westwood - Knitwear in Fashion is the first exhibition of its kind to explore not only key designers but also technical innovations in hand, machine and industrial knitting. The exhibition is set to chart the influence of art movements Pop, Punk and Deconstruction alongside new knitwear technologies and design innovation.

Related Keywords: Commerce Ministry, Designated Authority, import of PTA, polyester chips, provisional anti-dumping duty, PTA, revenue department, Textile

The provisional anti-dumping duty on the recommendations of the Designated Authority in the Commerce Ministry on June 19, the revenue department has imposed anti-dumping duty will be valid for a period of six months.
 
The anti-dumping duty imposed on July 25 ranging from $ 19.05 to $ 117.09 per metric tonne depends on the producer and country of export.
 
The provisional anti-dumping duty imposed on purified terephthalic acid (PTA) imports from China, Thailand, European Union and South Korea.
 

Related Keywords: federation, Textile, TTF

Reports from the Taiwan Textile Federation have showed a deep insight of the textile market in Taiwan these days. A downslide in the market has been brought into being due to declining product prices.
 
The fall has resulted from a slight downtrend in unit product prices; in particular the price of artificial fibers was said by a local textile backing faction.
 

Related Keywords: cotton, domestic consumption, export demand, FDI limit, garment, Indian textile market, jute, promotiona visit, raw material, silk, sourcing hub, Textile, wool

Textile & Apparel sector in India is an important contributor to the national economy in terms of direct and indirect employment generation and net foreign exchange earnings, contributing 4% to India’s GDP in 2012, the sector has also attracted direct foreign investments worth USD 1.11 billion from April 2000 to February 2014.
 
Currently, the overall textile and apparel sector accounts for about 24% of world’s spindle capacity and 8% of global rotor capacity and is expected to touch USD 223 billion by 2021.