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Related Keywords: CCI approves, Chinese company, fabric for men's suiting, joint venture, Reliance Industries Ltd, textile business, trousers and shirting, Vimal brand, with Shandong Ruyi Science and Technology group, yarn

Reliance Industries Ltd (RIL), India's largest private sector company, on Tuesday said it 'had entered into a definitive agreement for a joint venture in business with China's Shandong Ruyi Science and Technology Group (Ruyi).

According to the agreement, RIL will transfer its existing textile business under the Vimal brand into a newly incorporated company in which RIL will hold 51 per cent stake. The remaining 49 per cent stake will be sold to Ruyi.

Related Keywords: acrylic fiber, adjusted with Cotton price, Benetton, brand GAP, H&M, holding cotton, Indian spinning companies, largest manufacturer, not great, Peter England, sewing, third quater, Uniqlo, Van Heusan, Vardhman Textile, yarn, yarn price

Vardhman Textiles is among India's largest manufacturers of yarn, sewing threads & acrylic fiber. It manufactures for brands like GAP, H&M, Uniqlo, Benetton, Wills, Van Heusen, and Peter England.

According to Neeraj Jain, Joint Managing Director, Vardhman Textiles the third quarter results are not expected to be great and revenue could be in single digits or early double digits as compared to around 18 percented reported in Q2.

Related Keywords: Air-India, electronic jacquard machine, fabric, GI tag, import from China, KSIC, Mysore silk saris, soar sky high, Vibant Gujarat international summit, yarn

Karnataka Silk Industries Corporation Ltd. (KSIC) has bagged a large order of 10,000 saris from the public sector airline, Air India as the flight attendants will now sport Mysore Silk saris. This single bulk order is worth Rs. 6.5 crore, but that the product’s popularity to soar sky-high, according to the KSIC Chairman B. Basavaraju.

Related Keywords: bilateral trade, clothing accessories, Export category, fabrics, increase trade volume, Kyrgyztan, Memorandum of understanding, Textiles, Turkey, Turkish Statistical Authority, yarn

With the aim to increase trade volume to $1 billion the two countries Turkey and Kyrgyztan have entered into a memorandum of understanding on Friday. Two nations share common historical, linguistic and cultural ties.

Turkish Deputy Prime Minister Numan Kurtulmus speaking at the Eighth Turkey-Kyrgyzstan Joint Economic Commission, held in Bishkek, the capital of Kyrgyzstan stated that the agreement will serve as a road map to increasing bilateral trade volume to $1 billion between the two countries.

Related Keywords: China, cotton demand, cotton import quota, global price, quality cotton, quality cotton in Australia, yarn

The decision to keep cotton import quota unchanged at 894,000 tonnes for 2015 by China the world’s largest cotton consumer it is likely that there will still be demand for cotton, even at the 40 percent tariff for non-quota imports. But the market has taken it as a bearish signal that is likely to put further downward pressure on global prices.

The benchmark second-month cotton contract on ICE Futures U.S. ended Dec. 12 at 61.07 U.S. cents a pound, up from the five-year low of 58.53 cents on Nov. 24, but down almost 28 percent since the start of the year.

Related Keywords: AEPC, buyers, certification procedures, Cotton Textiles Export Promotion Council, fabrics, finished textile products, garments organic certification, Global Organic Textile Standard, made-ups, mandatory, NPOP, raw cotton export, Textile exporters, yarn

Raw cotton export already required certification under the National Programme for Organic Production (NPOP). It is now required of any finished textile product exported as an organic one such as yarn, fabrics, made-ups and garments as the government has made it mandatory.

R K Dalmia, Chairman, The Cotton Textiles Export Promotion Council said that national standard for organic cotton is a welcome move but the manner in which it is being implemented will create havoc in the organic textile industry and lead to loss of export business.

Related Keywords: apparel, B2B format, explore business opportunities, fabric, FICCI, focus on Rajasthan, home textiles and technical textiles, International trade fair on textiles and apparel, promote textile export, RIICO, Vastra 2014, yarn

Rajasthan State Industrial Development and Investment Corporation Ltd (RIICO), with FICCI as co-organizer, is organizing the third edition of the International Trade Fair on Textiles and Apparel 'Vastra-2014' to promote textile exports and investments, with focus on Rajasthan.

The event is designed basically on B2B format where buyers and exhibitors can explore new business opportunities .

Related Keywords: Bangladesh home textile, Bangladesh Textile Mills Association, bed-sheets, bedcovers, BFTI, cost competitiveness, cushion covers, EPB, GSP facility for Pakistan, Local currency appreciation, negative growth, Pillow covers, political turmoil, raw cotton, rising cost of production, yarn

Bangladesh home textile sector faces negative growth during the first two months of the current fiscal year 2014-15. The major factors which count for blocking the growth of country’s potential home textile exports are European Union GSP facility for Pakistan, appreciation of the local currency against the US dollar and recent political turmoil.

According to Jahangir Alamin, President of Bangladesh Textile Mills Association, Bangladeshi-made home textiles are lagging behind Pakistan in terms of cost-competitiveness, one of the major causes of setback.

Related Keywords: Ludhiana based leading manufacturer, manufacturer of terry towels, MP facility in Budni, Shivraj Singh Chouhan, Trident Grtoup, yarn, yarn spindles

Trident Group, Ludhiana based leading manufacturer of terry towels, paper, yarn and chemicals plan to invest another Rs 2,400 crore in its existing MP facility in Budni. This new plant would make Trident the largest terry towel making company in the world.

Managing Director of Trident Group Rajendra Gupta unveil that the new unit, Terry Towel, set up by Trident Group will be world’s largest unit and has more than 300 looms in it, which will increase the yearly revenue by 1800 crore rupees.

Related Keywords: $300 million complex, 15 million linear meters, Ivanov, man-made fibre industry, Russia, Russian Union of Chemists, yarn

In Russian, at present the situation in the man-made fibre industry remains complex, this is reflected by the fact that, despite numerous investment projects, which have been declared in Russia in recent years, up to 70% of domestic needs in man-made fibres is met by imports.

The Russian Union of Chemists has inked an agreement with the Russian Union of Entrepreneurs of Textile and Light Industry (Soyuzlegprom) on the design of measures for the support and increased productivity of the country’s man-made fibres industry.