PTEA office bearers urged the government to drop the proposal for increase in sales tax. PHOTO:FILE The Pakistan Textile Exporters Association (PTEA) has strongly opposed the proposed increase in sales tax and changes in tax regime, saying that this will create a negative impact on textile exports. PTEA Chairman Sheikh Ilyas Mahmood said that this move would adversely affect exports at a time when huge amount of sales tax refunds are already stuck up with the Federal Board of Revenue (FBR)

Sri Lanka's booming footwear and leather sector has recorded the highest export growth in recent history. "Our footwear and leather exports have shown a strong growth trend. In 2012, exports from this sector stood at $ 30 million but in 2013 it registered $ 51 million, an increase of 63%," said Industry and Commerce Minister Rishard Bathiudeen at the inauguration of the sixth edition of Footwear and Leather Fair at the BMICH recently. Economic Development Minister Basil Rajapaksa, Indust

The state government has sanctioned Rs 10,000 per loom for upgrading plain powerlooms in Malegaon. Textile minister Arif Naseem Khan said on Wednesday, "The cabinet has sanctioned Rs 5 crore to provide financial assistance to 5,000 powerlooms in the first phase. The scheme will run simultaneously with the In-Setu scheme announced by the central government for Malegaon and Nagpur." In October 2013, the central government had approved Rs 150 crore to be spent in six textile clusters, includi

It has been a stellar six months for India's textiles companies. A weak rupee, consistent demand from China and a buoyancy in demand in the US and European markets, have helped as textiles companies across the value chain have done well. But it is companies who are into production of raw materials, especially yarn besides production and export of garments which have recorded a higher growth in revenues. Rally could well run for a year So will the rally in textile stocks on the back o

courtesy: haberler.com Turkey exported leather and leather products worth US$ 1.9 billion last year, indicating a surge of 16.4 percent compared to 2012, as per the data released by the Turkish Exporters Assembly (TIM) and the Istanbul Textile and Apparel Exporters Association (ITKIB). According to the TIM Export Data of December 2013, Turkey exported leather and leather goods worth $1.9 billion in 2013, whereas the country exported leather and leather articles worth $1.6 billion during 2012

China’s plan to sell raw cotton cheap in the domestic market to cut down its inventories may hit exports from the country. With massive reserves to offload, allocation of import quota by the country has become uncertain. China could cut the base selling price of 18,000 yuan/tonne ( Rs. 1.84 lakh) of cotton by about five per cent to spur purchases, according to trade sources. This may diminish the arbitrage advantage offered by Indian imports. Now, Indian raw cotton is available for Chin

International textile and readymade garment brands are increasingly taking interest in investing in Bangladesh, which clearly indicates the potential of the country’s clothing industry, said Bangladesh Textile Mills Association (BTMA) president Jahangir Alamin during a press conference held prior to the 11th Dhaka International Textile and Garments Machinery Exhibition, DTG 2014, which has opened at the Bangabandhu International Conference Centre (BICC) in the capital city of Dhaka. Mr. Alami

India is outpacing Pakistan when it comes to filling the void created in the global textile market due to an increase in the cost of Chinese products. India has 26 operational integrated textile parks out of 50 planned parks, while Pakistan has only planned two garment cities which are still under construction. “After losing the edge in basic textiles, China is also opting out of low value added garments and knitwear as increased labour costs has made these products commercially unviable,

Turkey’s textile and raw materials exports during the month of January 2014 totaled to US$ 769.21 million, recording a rise of 12.8 percent compared to the same month in 2013, as per the latest data released by the Turkey Exporters Assembly (TIM). According to the January 2013 Export Data Report of TIM, Turkey exported textiles and raw materials worth US$ 769.21 million during January, compared to the US$ 682.15 million exports of textiles and raw materials during the same month last year.

The Woolmark Company will return to Première Vision, Paris, February 18-20, showcasing the latest trends and innovations in Merino wool, highlighting the fibre's natural versatility and benefits. The global authority on wool can be found at Stand J84 in Hall 5, and will present The Wool Lab Spring/Summer 2015 along with the latest in Cool Wool fabrics from its Cool Wool campaign. The Wool Lab is a seasonal guide to the most interesting trends and best wool fabrics and yarns, with the latest o