President Pranab Mukherjee on Tuesday called for urgent steps to develop the textiles sector, saying its products are vulnerable to competition from cheaper imports and machine-made substitutes. He said there should be "concerted and collective" steps to safeguard the interests of the handloom and handicrafts sector, including facilitation of easier access to credit. Besides, he said, promotion of handloom and handicraft products in domestic and foreign markets and research for developing

State-owned jute mills under the Bangladesh Jute Mills Corporation incurred loss of Tk 383.87 crore in the 2012-13 fiscal, after making profit in the previous two fiscal years. Textiles and jute minister Emajuddin Pramanik stated this in parliament in reply to a starred question of Sharif Ahmed. Source: New Age BD.

Craving a mobile phone but unable to afford it, a boy, not even in his teens, dropped out of school in his Rajasthan village to join friends working at a cotton plantation in neighbouring Gujarat. What followed was a harrowing two months that not only shows how child labour is flourishing but the inhuman conditions and near-torture thousands of such minors across the country undergo. Lakshman Lal Kharari, a 12-year-old from Bhesana village in Jhadol block, around 40 km from Udaipur, was on

Domestic textile manufacturers have asked the anti-dumping authority to drop its investigations into several types of yarns and plans to impose any measures due to potential losses on downstream players requiring the products. The Indonesian Anti-Dumping Committee (KADI) has proposed punitive duties ranging from 4.5 to 16 percent on the products in question to offset losses caused by the alleged dumping practice, according to Indonesian Textile Association (API) chairman Ade Sudrajat.He said

The government's plan to apply an anti-dumping duty on three types of yarn is expected to make things tougher for the textile industry that is already burdened by the power tariff hike, rupiah depreciation and an increased minimum wage. Therefore, the Indonesian textile Association (API) voiced their objection over an investigation conducted by the Indonesian Anti-Dumping Committee (KADI) on the three types of imported yarn. The investigation committee is recommending the extension of additio

Eyeing bigger pie of global textile market.—White Star file photo Exports of textile and clothing products witnessed an increase of 5.96 per cent in July-May 2014 from a year ago, mainly owing to a slight increase in export of value-added products. The export value of such products surged to $12.626 billion in the first 11 months of the outgoing fiscal year as against $11.916bn over the corresponding period of last year, showed data of Pakistan Bureau of Statistics here on Monday. Only

The Clothing Manufacturers Association of India (CMAI) has urged the Indian Government to continue excise duty exemption on branded garments for the healthy growth of the organized sector. In a representation sent to Union Finance Minister Arun Jaitley and Minister of State for Textiles Santosh Kumar Gangwar, CMAI president Rahul Mehta said if the Government brings back compulsory excise duty on branded garments, it will create disastrous impact on apparel industry and it will help grey marke

The Viet Nam Leather and Footwear Association (VLFA) has unveiled plans to develop product quality and safety criteria to raise the industry's production standards. The move aims to offer a basis for producers to deliver better quality products and create a level playing field between domestic and foreign players. The VLFA General Secretary Phan Thi Thanh Xuan told Industry and Trade newspaper that despite Viet Nam's leather and footwear industry still being heavily reliant on imported mat

Employees of China-Africa Cotton Development Ltd at a goods yard in Mozambique. [Photo/China Daily] Agricultural company makes big splash with unique business model The days of foreigners managing vast plantations, highlighted in movies such as Out of Africa, have long gone. Today, most international agricultural companies have left the planting to local farmers, and focus instead on buying the harvest, and China's largest agricultural company in Africa is now making significant inroad

Nishat Chunian Limited has a ring-spinning capacity of 210,000 spindles and produces 85,000 tonnes of greige yarn per annum. TWO companies, among the 175 textile firms listed on the Karachi Stock Exchange, have continued to capture investors’ interest: Nishat Mills Ltd and Nishat Chunian Ltd. As Nishat Mills (NML) was discussed in a previous article, we now look at Nishat Chunian Ltd (NCL). The Nishat Chunian group has under its fold three companies: Nishat Chunian Ltd, Nishat Chunian U