The Ministry of Commerce, Government of India, will soon release a strategy paper mentioning the ways to increase competitiveness of Indian textiles in export markets. The competitiveness of Indian textiles in global markets is decreasing, while countries like Sri Lanka and Turkey are becoming more competitive in this sector, a news agency said quoting a senior official from the ministry. The move to unveil a strategy paper is important as textiles account for more than 10 per cent of Indi

With cotton prices starting to pick up, spinning mills are averse to buying this year. On Tuesday, the price of cotton rose Rs 1,200-1,400 a candy (356 kg) to Rs 33,830 a candy. J 34 is a variety of cotton grown in northern India with a strength of 4.5 micronaire (a measurement of the thickness of the cell walls of a cotton fibre) and length of 29 mm. A surge of Rs 300 per candy in the price of Shankar-6 (long staple cotton of 32 mm and 3.8 micronaire) has also been witnessed in Gujarat and its

In January, China's exports of real silk commodities totaled US$ 298.87 million, down 15.61% year-on-year, according to China Chamber of Commerce for Import and Export of Textile and Apparel. But meanwhile, the exports of silk garment and silk made-up goods from Sichuan Province increased significantly in terms of both quantity and value. In January, the export of silk dropped 8.87% year-on-year to about US$ 57.52 million, the export of silk fabric dropped 24.38% to US$ 78.36 million, and th

The Viet Nam National Textile and Garment Group (Vinatex) will begin construction of a textile and garment factory complex in the central province of Quang Nam on March 25, 2015, according to Vietnamese media reports. The textile and garment complex project will be spread over 20 hectares in Que Son district and will be built at a cost of 1.14 trillion dong (approximately US$ 53.5 million). The project will include a fibre factory with a capacity to produce 4,600 tons of products annually,

The latest figures of the General Administration of Customs show that China's exports of textiles and garment rose dramatically 99.31% year-on-year to more than US$ 21.67 billion, but it dropped 15.14% month-on-month. The export of textile yarn, fabric and made-up goods grew 99.14% year-on-year to US$ 8.397 billion, but down 13.58% month-on-month; the export of garment and accessories rose 99.42% year-on-year to near US$ 13.28 billion, but it dropped 16.09% month-on-month. Source: China

Tamil Nadu knitwear manufacturers demand for a separate State Textile Board and also devise a separate textile policy. In a memorandum sent to Chief Minister O. Paneerselvam, the industrialists said that a Textiles Board, and a textile policy would help the government give a focused approach to the development of textile industry. According to A. Sakthivel, president of Tirupur Exporters Association, the State textile policy should provide 5 percent interest subsidy, and 10 percent capital su

Bangladesh is becoming a major source of denim products as international retailers prefer the country to other destinations for its low prices, said a leading entrepreneur. Bangladeshi manufacturers are also increasing their production capacities because of the higher demand from foreign customers, said Mostafiz Uddin, managing director of Denim Expert Ltd, a Chittagong-based apparel maker. Denim will play an important role in raising exports of Bangladesh, which is already the second larg

Bangladesh, the world's second largest cotton importer, has invited buyers and sellers to a two-day global summit from next Friday to help support its textile and clothing exports. The sector accounted for $24 billion of Bangladesh's $25 billion of goods exports in the fiscal year to end-June 2014. "We plan to raise our ready-made garments and textile exports to $50 billion by 2021," Tapan Chowdhury, the President of Bangladesh Textile Mills Association told a news conference on Wednesday. B

Pakistan textile and clothing exports during July-February had witnessed a nominal increase of just 0.47 percent as proceeds reached $9.179bn as compared to $9.136bn a year ago. But in February 2015 it has plunge to $1.087 billion compared to $1.119bn a year ago, a decline of 2.91 per cent, as per Pakistan Bureau of Statistics data on Friday. Product-wise details show that export of low value-added products, such as cotton yarn, dropped by 0.69pc; cotton cloth 15.47pc; cotton carded 89.25pc;

The Ministry of Textiles proposes to put a limit on the amount of exportable cotton per year and a 10% duty on the export of cotton over and above this exportable surplus. According to official sources, it was a budget suggestion so as to build a long term reservoir of cotton for the domestic industry.“Even if the cotton production is high this season, it is no so every year.With a ceiling put on the amount over and above which cotton can be exported, domestic demand cotton users will be assure