Pakistan textile exports witnessed plunge of 6.38 percent in December 2014 despite the availability of GSP Plus scheme. The major factors behind the substantial drop in exports are energy shortage and lack of working capital. According to the Pakistan Textile Exporters Association (PTEA) details, the country exported textile goods worth $1.175 billion in December against exports of $1.255 billion in the same month of previous year. Value-added items also recorded a negative growth as cott

Experts and entrepreneurs on Saturday said that the government and businesses should take immediate steps to enhance productivity and value addition in the leather sector to explore huge untapped international export market. Tanneries should also be environment-friendly and should fulfil other compliance issues to keep protected its global market particularly in European Union, they said. They also emphasised on ensuring political stability for the growth of the sector and the overall econ

The Union Ministry of Textiles plans to set up an incubation centre at National Institute of Fashion Technology (NIFT), Bhubaneswar for promoting entrepreneurship in the apparel and garment sector. "The Union ministry has sanctioned Rs 12 crore for setting the incubation centre in Odisha where three units can operate simultaneously. The entrepreneurs will be provided plug and play facilities," Sanjay Kumar Panda, secretary, Union ministry of textiles told media persons on sidelines of inaugural

Rates continued fall in line with the international market amid modest activity, dealers said on cotton market on Saturday. The official spot rate dropped further by Rs 50 to Rs 4,750, dealers said. In the ready session, around 3,000 bales of cotton changed hands between Rs 4600 and Rs 4900, they said. The seed cotton rates of inferior type fell in Sindh by Rs 100 to Rs 1600 while the best variety maintained overnight level at Rs 2300, in Punjab price of low type was inert at Rs 1700, the good t

Afghan workers repair a used carpet at a workshop in Peshawar, Pakistan Saturday, Oct. 15, 2011. — AP/file Carpet exports have fallen despite free market access to Pakistan’s textile products in EU countries under the GSP-Plus status. The country has already suffered a decline of over 50 per cent during the last seven years as hand-made carpets export fell to $120 million from $300m, depriving almost 0.5m people of direct employment. In a statement issued here on Friday, Pakistan Carpet

A group of US-based garment retailers has threatened to shift work orders from Bangladesh to other destinations if political deadlock does not end soon, BGMEA President Atiqul Islam said yesterday. "The retailers said they are thinking of an alternative to Bangladesh as the ongoing blockade is hampering timely shipment of garments," Islam said, quoting an email he received from some retailers yesterday. The buyers also said they will not travel to Bangladesh to check samples of goods due t

With a drop in Chinese demand for cotton and cotton yarn during this financial year, stocks available in the domestic market of India have increased. Though the domestic demand continues to be good for yarn and export to other countries is on, there is a fall in prices because of the increase in stock availability. According to the industry sources, this trend too depends on the variety of cotton yarn. Export demand for cotton and cotton yarn is expected to revive soon as the Chinese policy o

Heimtextil 2015 closed its doors after reporting a rise of around three per cent in the number of visitors over the previous year. “More than 68,000 trade visitors as against 66,265 in 2014 were delighted with the high quality of the products and their designs, and kept exhibitors busy throughout the fair,” Messe Frankfurt, the show organiser said.At the 2015 edition, 2,759 exhibitors from 68 countries took part compared with 2,714 from 62 countries in the 2014 edition and they too were no le

The Government of Nigeria has unveiled a new National Cotton, Textile and Garment (CTG) Policy aimed at revitalising and boosting the development and growth of the country’s cotton, textile and garment industry. Launching the policy in Abuja, minister of industry, trade and investment Olusegun Aganga said the policy was a product of prolonged and comprehensive consultations with all stakeholders in the industry, and it has set a target of achieving US$ 3 billion annually from textile exports.

Wujiang Dingsheng Silk Co.,Ltd., owned by silk trader Wu Jinhua has became part of a fashion phenomenon during the 2014 APEC conference in Beijing after prominent world leaders were spotted wearing a modern take on Chinese garb made out of his company's Songjin silk. Since then, Wu Jinhua is one of the busiest occupants in his ancient hometown of Shengze. As his company is one of the few mass producers of traditional Songjin silk. He has been overwhelmed with orders for the high-collared Chin