The government's new textile policy will be a simplified one, according to Textiles Secretary Rashmi Verma. She told The Hindu that the new policy is aimed at increasing the production and productivity of textile sector, generating more employment, bringing down the cost of production, penetrating newer markets, and introducing more value added products and focusing both on exports and domestic markets. The Textiles Ministry was also seeking some relaxation in labour laws such as allowing

100 man-made fibre yarns export from India was valued at US$16.82 million in January 2016, down 11.9 per cent YoY while volumes were at 6.4 million kg, edged down 0.5 per cent as compared to the same month last year. The total volume comprised 3.05 million kg of polyester yarn, 2.25 million kg of viscose yarn and 1.14 million kg of acrylic yarn. Polyester yarn exports were up 9.4 per cent in value while viscose yarn exports were up 3.9 per cent during the month. Acrylic yarn exports saw a dra

Bangladesh is highly dependent on India for cotton, the basic raw material for the textile industry, due to comparative price, shorter lead time and smooth supply. According to the latest data from Bangladesh Textile Mills Association (BTMA), Bangladesh imports 49% cotton from India to meet its demand. Last year, it imported 6.10 million bale cotton, of which 2.99 million bale or 49% came from India. “India has become the single largest source of cotton import for Bangladesh due to rapi

Buying interest withered away on the cotton market on Thursday after spinners withdrew to sidelines. Floor brokers said that global factors coupled with domestic issues confronting the textile industry were keeping activity slow on the cotton market. Besides, slow arrivals of phutti (seed cotton) from cotton fields into ginneries are also restricting activity. As the current cotton season was about to come to an end, the trade volume was also slowing down, they added. Moreover, short s

Minister for Commerce Khurram Dastgir Khan said on Thursday exports of Pakistani readymade garments have increased in the international market. Speaking to the media after inaugurating the 15th Textile Asia 2016 Exhibition at the Expo Centre, he said such events would help the local industry and boost exports. The display of the modern machinery would also benefit this sector and those associated with the industry would also enhance their capacity, he said. The three-day textile trade f

The Central government has announced a maximum sale price for Bt cotton seed varieties to bring about uniformity in cotton seed prices across the country, the Agriculture Ministry said in a press release. The price has been fixed on the basis of recommendations made by a nine-member panel set up on January 28 for this purpose by the Union Government. The maximum sale price of Bt Cotton seed BG-I version has been fixed at Rs. 635 while for the BG-II version it is Rs. 800. The seed packets w

China’s six large viscose producers representing more than 85 billion USD in annual revenues have signed CanopyStyle campaign with Canadian environmental NGO Canopy to the growing roster of fashion and textile leaders committed to eliminating the world’s ancient and endangered forests from their fabrics. Shandong Yamei Sci-tech Co. Ltd, Tangshan Sanyou Xingda Chemical Fiber Group Co. Ltd., CHTC Helon Co. Ltd., Nanjing Chemical Fiber Co. Ltd. (NCFC), Zhejiang Fulida Co. Ltd., and Xinxiang Che

Vietnam’s leather and footwear industry expects to reach a total export value of 17 billion USD this year, partly due to advantageous business conditions. Nguyen DucThuan, Vietnam Leather and Footwear Association (Lefaso) Chairman, said the chances of expanding export markets are good this year due to advantages from free trade agreements (FTAs) with the European Union (EU), the Republic of Korea and especially the Trans-Pacific Partnership (TPP) agreement. The zero tax rate under the Viet

The cotton prices on Wednesday remained steady amid strong demand for low and high quality lint. However, the medium quality cotton could not attract any buying. Floor brokers said that improved off-take of cotton yarn induced spinners to book big lot deals to meet their near-term requirements. The fast depleting stocks with ginners was a cause of concern for spinners who were running in short supply. The world cotton market which witnessed some recovery in the last two sessions once a

UK fashion retailer Primark has extended its partnership of the Primark Sustainable Cotton Programme, with the India based Self Employed Women's Association (SEWA) by an additional six years. The partnership is designed to support women from traditionally male-dominated farming communities in Gujarat, India, to introduce sustainable farming methods, improve cotton yields and increase their incomes. Set up with agricultural experts, Cottonconnect, and SEWA, the three year pilot trained 1,25