Big spinners reducing their buying activity by keeping away from the trading ring as the issue of import of Indian cotton remain unresolved. There is a strong perception among spinners that the current situation of conditional imports of cotton from India is against the interest of the industry. This kept trading activity slow at cotton market on Saturday. It is being argued that by restricting free flow of cotton from India the government is damaging the local spinning industry on two accou

Tanzania is making efforts to protect its domestic textile market. For that, efforts are being made to introduce them in local markets instead of cheap imports. More manufacturers were moving huge sales to the regional markets of the East, Central and Southern Africa than they did to the local markets.Also, instead of dealing with second-hand clothes, traders can start buying and selling locally manufactured garment and earn maximum returns. Trade of second-hand clothes popularly known as (mi

The Chinese community is making effort to preserve its textile culture. Hong Kong-based Elaine Ng, is among the growing number of designers focused on ecological and cultural sustainability who hope to preserve skills of rural artisans that are fast vanishing in this increasingly industrial society. “A scarf that is made with 50 hours of love is different from one made by digital print in a factory,” said Ng, whose strategy of using artisans fits right in with Beijing’s push to shift away fro

CHINA said yesterday it had launched a dispute resolution case at the World Trade Organization over the surrogate country approach used by the United States and European Union to calculate anti-dumping measures against Chinese exports. When China joined the WTO in 2001, it agreed to let WTO members treat it as a non-market economy when assessing dumping duties for 15 years. That gave trade partners the advantage of using a third country’s prices to gauge whether China was selling its goods

China Textile Information Centre (CTIC), a state-owned research institution in the textile industry, has joined the Zero Discharge of Hazardous (ZDHC) programme as an associate contributor. CTIC’s commitment towards the programme will provide a significant opportunity for ZDHC to achieve impact across China, said Lydia Lin ZDHC’s Asia director. CTIC is managed by the China National Textile and Apparel Council (CNTAC), an industry federation which represents all textile related industries in

The import of cotton from international markets by spinning mills in India is likely to touch 17 lakh bales of 170 kg each during the current cotton season 2016-17 that began on October 1. This figure is slightly lower than the estimated 20 lakh bales imported in 2015-16 cotton year, but it is higher than the volume imported in 2013-14 and 2014-15. In cotton year 2013-14, India imported 11.51 lakh bales, which increased to 14.39 lakh bales in 2014-15, Union textiles minister Smriti Irani said

Vietnamese textile and garment companies should focus more on developing their supply chain to enable them to capitalise on opportunities arising from free trade agreements, a panel discussion heard in HCM City this week. Many foreign investors have been attracted to Vietnam, especially after the recent signing of free trade agreements, including the EU-Vietnam FTA, Pham Xuan Hong, Chairman of the HCM City Association of Garment Textile Embroidery and Knitting, said. The delegates agreed t

Aman Cotton Fibrous, a unit of Aman Group, plans to go public by using the book building method to raise Tk 80 crore to double its production capacity and repay bank loans. Of the IPO proceeds, Tk 49.38 crore will be used to procure machinery, Tk 17.12 crore for bank loan repayment, Tk 10 crore for working capital and the rest Tk 3.50 crore for IPO expenses. “Local companies can meet 60 percent of the total requirement of cotton yarn, while 40 percent is imported. So, there is huge potenti

In order to boost the competitiveness of the domestic textile industry, the Indonesian government is likely to ease procedures for importing raw materials. President Joko Widodo has instructed the relevant ministries to take necessary steps in this regard. Textile raw materials entering Indonesia currently attract import duty of 5-20 per cent. The government must simplify import procedures for import of raw materials used in the textile and apparel industry, to lift the burden off businesses

The integrated strategy initiative for strengthening the supply of apprenticeships in textile sector (TEXAPP) project that addresses the issue of apprenticeships delivery in the fashion sector dominated by SMEs and micro enterprises, has recently been launched. The project is coordinated by the European Apparel and Textile Confederation (Euratex). The objective of TEXAPP is to foster and strengthen the supply of apprenticeships for European SMEs and micro enterprises active in the sector thr