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Related Keywords: 50 textile products like jackets, cotton yarn, domestic manufacturing, dresses, fabric and made-up articles, Indian textile manufacturing, suits and baby garments, suits and carpets, textile readymade garments, textile sector, textile yarn, The Central Board of indirect Taxes and Custom, trousers, woven fabrics

Imports of textile yarn, fabric and made-up articles grew by 8.58% to $168.64 million in June. Though, exports of cotton yarn, fabrics and made-ups grew by 24% to $986.2 million. Exports of man-made yarn, fabrics and made-ups grew 8.45% to $403.4 million.

Exports of all textile readymade garments sinked by 12.3% to $13.5 billion.

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Raymond Ltd, a fabric and apparel major that still has a near 60 percent market share in the Rs. 18,000-crore suitings segment, the overall Indian suiting business has seen a slowdown over the years as people opted for more readymade garments. Raymond Ltd to decides to shift its focus to bringing in a lot of innovation, in terms of product offering, into its suiting business to beat an overall slouch in the fabrics market and reverberate well with young consumers.

Related Keywords: bilateral trade remains range bound, cotton cloth, FTA with Sri Lanka, imports bed wear, Pakistan and Sri Lanka failed to fully utilize the FTA, plans to double its exports, silk, Sri Lanka exports textile products, synthetic textile, TDAP, Trade development authority of Pakistan, traditional Pakistani export item, trousers, using duty concession

Both countries Pakistan and Sri Lanka failed to fully utilize the FTA that came into effect in 2005 due to which bilateral trade remains range bound with an average of $350 million for the last six years. The Trade Development Authority of Pakistan (TDAP) Secretary Rabiya Javeri Agha said that it aims to double its exports to Sri Lanka in a year’s time effectively using the duty concession under the Free Trade Agreement (FTA) from the current $267 million to $500 million.

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Bangladesh government has set a target to earn foreign currency of $28,447.57m in the current fiscal year of 2015-16 after its textile sector earned foreign currency of $128,203.71 million in the six fiscal years since 2009-10, according to the statistics placed in the Parliament by Textile and Jute Minister Md Emaz Uddin Pramanik yesterday.

The textile sector earned foreign currency of $26,509.77m in FY2014-15, $25,508.77m in FY2013-14, $22,556.73m in FY2012-13, $21,496.57m in FY2011-12, $19,002.78m in FY2010-11 and $13,129.09m in FY2009-10.

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Bangladesh has earned $527.16m from its exports to Indian market in FY 2014-15 a rise by 15.45% compared to $456.63m in the last fiscal year as some products including textiles got duty and quota-free access, according to Export Promotion Bureau data.

Readymade garment export to the neighbouring country also increased by 8.31% to $104.25m in the year compared to $96.25m in the previous year.

Related Keywords: banana fabric production, Eco textile company, leaf fibre, material perfect for jackets, Offset Warehouse, petroleum based textile, Pinatex, Pineapple leaves, recognizes bananas potential, shirts, trousers

Eco-textile company Offset Warehouse recognizes the banana’s potential and currently partners with an NGO in Nepal to ensure banana fabric production supports the artisan sector by relying on local skills, and that workers are paid fairly and operate in safe conditions.

Offset Warehouse’s founder Charlie Ross said that the material is perfect for jackets, skirts and trousers. The fabric is claimed to be nearly carbon neutral and its soft texture has been likened to hemp and bamboo.