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Indian textile company to pay a penalty of $100000 for using pirated software
Pratibha Syntex Ltd, an Indian textile company, has agreed to pay a penalty of US$100,000 (or Rs 66 lakhs) to settle charges of using pirated software that gave it competitive advantages over
AP Govt approves Rs70cr to setup mega cluster for handloom development
The textiles and handlooms minister Kollu Ravindra at the inauguration of the National Handlooms Expo along with irrigation minister Devineni Umamaheswara Rao on Sunday assured that government will
African countries to begin export cotton duty and quota free
The World Trade Organization’s 10th Ministerial Conference held in Nairobi, Kenya, from December 15 to 19, was the first such meeting hosted by an African nation where the ministers agreed on
Caprolactum price moves down due to weak benzene
In China, liquid good offers in spot market were down US$10 a ton due to weak currency while solid goods fell US$35 a ton in the third week of December. Sinopec’s December contract nomination
Egypt impose export fee on scrap fabrics to support domestic textile industry
Egypt has witnessed growth in the export of waste fabrics over the past three years, from 43 tons in 2013 to 294 tons in 2015, according to the Trade and Industry Minister Tareq Qabil. Trade and
Ghanaian textile industry at a cross road due to cheap pirated textiles
The once-vibrant Ghanaian textile industry is at a cross-road due to pirated textiles smuggled into the country despite the government’s constant efforts to stop piracy in the country.
Blended yarn price sinks in China
In Qianqing, PC (65/35) 32s yarn prices fell US cents 2 a kg while 45s PC combed yarn prices were stable at US$3.32 a kg in the third week of December. Blended yarn prices fell sharply in China,
Anti-dumping duty may be imposed on silk exported to India from China
The Indian government to protect silk domestic industry from cheap in-bound shipments of mulberry raw silk from neighbouring country, China is likely to impose anti-dumping duty of $1.85 (approx.
Saudi winter expo for textiles light industries opens
The 6th Winter International Trade Exhibition for Textiles and Light Industries which has become a major annual meeting for all commercial sectors in the Middle East-Gulf region opens on Sunday
Cotton trade turnover at two months low due to year ending
With majority of textile mill-owners staying busy with year-end closing activities trade turnover of cotton remained at two months low at 3,200 bales (of 155 kilogram each), said dealers on
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