The textile industry has contributed precious foreign exchange of $ 10.385 billion to national exchequer during first nine months of this fiscal year. The cotton, having a share of 1.4 per cent in GDP and 6.7 per cent in agriculture value addition is an important source of raw material to the textile industry, which was cultivated on an area of 28,06,000 hectares, 2.5 per cent less than last year’s area of 28,79,000 hectares. According to the Ministry of Textile figures, the production sto

The cotton textile industry has a potential to invest up to Rs 4,000 crore leading to generation of 50,000 new jobs if the government accepts the sector's demands in the forthcoming Budget, a top industry official has said. "We have urged the government that Technology Upgradation Fund Scheme (TUFS) should be extended during the blackout period from June 29, 2010 to April 27, 2011, when the scheme was suspended to all cases which have been left out for no fault of the industry," Cotton Textiles

TUFS, a flagship scheme of the textiles ministry that was launched in 1999, offers interest and capital subsidy for modernisation of textile machinery. The union textiles ministry has sought more funds for the technology upgradation fund scheme (TUFS), textile commissioner Kiran Soni Gupta said. The ministry is also working on a project to make TUFS fully online to ensure hassle-free disbursal of subsidy. The draft textile policy is almost ready and the industry can offer suggestions and chan

Thai clothing manufacturers have cashed in on the Fifa World Cup and boosted their exports after an influx of orders for the colours of competing nations. "Before the tournament began, we produced around 750,000 football shirts, and that helped boost our sales by 20 per cent," said Wallop Wittanakorn, chief executive of Hi-Tech Apparel. Wallop, who is also vice chairman of the Federation of Thai Industries, said exports accounted for the bulk of his company's sales and helped it post reven

The leather-shoe industry posted high growth last year but experts at a seminar in HCMC on Monday urged a restructuring of the sector to help address its shortcomings and improve its export performance in the longer term. Diep Thanh Kiet, vice chairman of the Vietnam Leather and Footwear Association (Lefaso), told a seminar on prospects for leather-shoe-bag and apparel sectors that now was the right time to restructure these sectors to enable them to achieve sustainable development. Kiet s

The Vietnam National Textile and Garment Group (Vinatex), one of the largest Vietnamese companies, has shown interest in setting up its textile and garment factory in Moscow, Denis Butsayev, Moscow region’s Minister of Investments and Innovations, said after a meeting with Vinatex representatives, reports Interfax news agency. According to the Minister, Vinatex would like to set up its textile and apparel factory in the suburbs of Moscow. Vinatex includes more than 120 joint stock companie

The COSATU-affiliated Southern African Clothing and Textile Workers’ Union (SACTWU) has now settled the footwear wage strike dispute. This comes after footwear employers tabled an improved wage offer last week, following a meeting held with them the previous week. On Friday, 19 June 2014, the offer was accepted by members. All indicators are that all our members have heeded our call and returned to work by yesterday, 23rd July 2014, showing an effective end to the strike. The settlement pa

Country’s textile exports have shown 30 per cent increase after getting the status of GSP Plus from the European Union, President Rawalpindi Chamber of Commerce and Industry (RCCI) Dr Shimail Daud said here on Tuesday. “During the first two months of this year, the textile exports have shown 30 per cent increase whereby earning an additional amount of foreign exchange to the tune of $ 105 million,” Dr Shimail said while talking to a delegation of traders and businessmen. RCCI Senior Vice

Sri Lanka’s Minister of Economic Development Basil Rajapaksa formally launched the Sri Lanka Apparel Brands Association (SLABA) in the presence of a large gathering of key apparel industry players in Colombo. Minister Rajapaksa also launched the Association’s new website on the occasion. Actually, the Domestic Garment Manufacturers Association (DGMA), founded by the late AYS Gnanam, has now been rebranded as SLABA with Indradatta Dharmawardane as its new chairman. SLABA’s objectives are

Textile exports in the current financial year are expected to grow 25 per cent to $50 billion, Union textiles minister Santosh Kumar Gangwar said on Monday. He noted growth was sluggish last year, with exports registering $40 billion against a target of $43 billion. He said the industry is set to witness robust growth this year. After inaugurating the 59th National Garment Fair organised by the Clothing Manufacturers Association of India here on Monday, the minister acknowledged India’s labou