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Spun yarn export prices remain intact in INR term although down in US$
Spun yarn exports declined by 4.6 per cent in volume terms and 12.1 per cent in value terms in May 2016. Total shipments were at 101.5 million kg worth US$276.5 million or INR1,830 crore, implying
Uztex inks EUR 40 mn order with Lonati for supply of 1,024 machines
Uztex, Uzbekistan based leader in the production of socks has inked a EUR 40 million contract with Lonati, world’s leading manufacturer of socks machinery that claims to output 30% of
Fashion and Textile Industries like to help African Economies grow
Africa-inspired designs are now regularly shown on the catwalks in fashion shows in Paris, London and Milan. Fashion is big business, the combined apparel and footwear market in Sub-Saharan Africa is
High confidence of foreign investors in Rwanda increases FDI by 78pc
Foreign Private Capital Census (FPC) 2015 latest report released by the central bank shows that Foreign Direct Investment (FDI) in Rwanda have increase by 78.1 pecent to US$458.7 million in in 2014
FIEO hail spl package for textile sector
Federation of Indian Exports Organisations President S C Ralhan welcoming the special package for the textile sector commented that the package meets some of the outstanding demand of the sector and
Indian textile sector can reach USD 300 bn, create 50 mn jobs by 2025
The Indian textile and apparel sector can triple in size over the next 10 years, get USD 150 billion in foreign exchange annually, and create an additional 50 million jobs by 2025 of which 35-40
DRI, Ahmedabad zonal unit detects Rs 4 cr duty evasion in NPO yarn
The Directorate of Revenue Intelligence (DRI), Ahmedabad zonal unit on Wednesday brought to light a Vapi-based firm, Sarla Performance Fibres Ltd, a 100% EOU (export oriented unit) evading anti
Special Rs 6K-cr package cleared by Union Cabinet to boost textile sector
The Union Cabinet on Wednesday cleared a Rs 6,000 crore special package for the textiles and apparel sector with an aim to deal with the rising competition from China’s textile and apparel
UBM Fashion Group to launch Sourcing@Coterie featuring juried collection
UBM Fashion Group, organizer of key trade events such as MAGIC, Coterie, Project and Stitch to launch Sourcing@Coterie which will run annually and feature a juried collection of world class
Telangana textile, spinning mills decides to remain shut twice a week
To highlight the host of problems faced by the industry, including shortage of cotton that was made scarce allegedly by multinational companies, the Telangana textile and spinning mills has decided
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