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Indian jute industry cringes
A major exporter of jute to Europe, the country has now shrunk to producing only 17,000 tonnes of jute. The jute industry has been dropped from the government’s priority list even though
NIFT Haryana buoys up silk weavers
The National Institute of Fashion Technology(NIFT) finally received a green signal from Union Textiles Minister Smriti Zubin Irani to set its foot in Panchkula,Haryana. Describing textile as the
Reliance makes PX capacity more than 2x
Reliance Industries Limited, a company which is engaged in numerous activities which include hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and
PTA prices rise to 15-month high in US
Asian PTA prices gained US$13 a ton CFR China and CFR Southeast Asia in the second week of December. In China, offers for nearby-month goods surged US$10 a ton on the week. Yisheng Petrochemical
Italian silk industry exacerbated by high raw material prices
Italian silk industry is caught between the double-digit increase in the cost of raw materials due to which a general refusal by end customers to accept higher prices over China and the super dollar
India-EFTA members to resume trade deal talks in January
India and the EFTA members to resume talks on the long-stalled proposed free trade agreement, the agreement is important as it will give market access to several sectors from India such as textiles
Acrylonitrile price declines despite rising upstream cost
Asian ACN prices declined US$70 a ton in the second week of December while Southeast Asia fell US$75 a ton on the week. In China, offers for offshore cargoes were down US$70-80 a ton on the week.
Bangladesh introduces E-service to boost textile Sector
The Bangladesh government to exhilarate its textile sector has introduced an electronic service by making the business process hassle-free, The textile sector is one of the highest foreign income
Toyobo to expand manufacturing facility to double capacity of airbag fabric
Japanese company Toyobo, intends to build a manufacturing facility to double the production capacity of air bag fabric by fiscal 2020 at a local plant of German thread maker PHP, in which they will
To meet demand of value added fabric, need for yarn bank in Sircilla
Union government as part of the modernization of the existing powerloom has modernized 5,500 powerlooms and still another 30,000 looms have to be modernized in the Sircilla town. Union government
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