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Aditya Birla puts its VSF plant project in Turkey on hold
Aditya Birla Group has decided to put its viscose staple fibre plant project in Turkey on hold as the viscose market has been in a state of turmoil and the returns are lower, according to Manohar
Vietnam becomes largest Southeast Asian exporters to US on back of textiles
Surpassing Malaysia and Thailand, Vietnam has become the largest exporter to the United States in the Southeast Asian region with a record trade surplus of almost US$25 billion (S$34 billion) in
Zimbabwe cotton output on the verge of collapse
Zimbabwe cotton also known as the white gold had economically uplifted places such as the hot and semi-arid marginalized areas like Gokwe in the Midlands Province. Besides bringing in the much needed
Rising labour costs in 2014 pushes global sourcing costs to increase
2014 saw more wage strikes, resulting hikes and general unrest among workers when rates were not sufficiently raised. But despite discontent among the workforce, wages are up worldwide and labour
Indian economy surges as other big developing market stumble
Multinational companies are looking to expand their Indian operations or start new ones as the stock market and rupee are surging. The growth in India's economy, long a laggard, just matched China's
Korea and China agreed to work for official signing of FTA
Korea has initiated a free trade agreement (FTA) with China. The two countries have agreed to work for the official signing of the pact within the first half of the year, said Deputy Trade Minister
Cotton prices showing signs of recovery over the last one month
In the last week of January cotton prices ruled at at Rs14,420 a bale (170 kg) – near a five-year low which is some 14 percent below the levels seen at beginning of the cotton season, which
Indorama Synthetics wants excise duty on MMF cut to 4pc
In its pre-budget expectations, Indorama Synthetics Limited has put forth a number of issues to be considered for their incorporation in the Union Budget 2015-16. The company has sincerely requested
Spun yarn export prices recovering, China reduces import
The fall in FOB per unit export price of spun yarns is apparently arrested in January. The month saw close to 115 million kg of all kinds of spun yarns exported from India worth Rs 2,470 crore or
EU delegates meet to discuss development in Punjab, Pakistan
Pakistan has strong and friendly relations with the countries of European Union. A representative delegation of European parliament called on Punjab Chief Minister Shahbaz Sharif on Friday to
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