Exports of textiles and ready-wear from Turkey's northwestern city of Bursa stood at $1.4 billion in first nine months of 2013. Exports in ready-wear industry reached $396 million to mark a 7.38 percent rise while exports of textiles were up by 11.23% to $1 billion between January and September 2013 from a year earlier. Russia was the biggest buyer of the Turkish goods with $117.638 million followed by Germany, Britain, Romania, the US, Italy, the Netherlands, Iran, Morocco and Spain.

Engineering firm JGC Corp. announced Oct. 4 that it has won a contract to build a large-scale ethylene plant for Chevron Phillips Chemical Co. in the United States. JGC is taking the leading role in a joint venture with Texas-based Fluor Corp. to provide engineering, procurement, and construction services for the ethane cracker to be built at Chevron Phillips Chemical's Baytown complex, near Houston, Texas. The complex's annual production capacity of 1.5 million tons per year will make it

The United States Agency for International Development (USAID) is promoting the knitted garment sector in Pakistan by supporting Small and Medium Enterprises (SMEs) in making exports to the international markets. Recently two among the group of twenty SMEs have made exports worth $3.3 million to the US markets by exporting their products to the world famous US retail outfits. The export products, which were selected on the basis of their compliance to international quality and environmen

The Federal Board of Revenue (FBR) issued a number of statutory regulatory orders (SROs) on Friday and reduced the sales tax on import of fabrics against the commitment the government made with the International Monetary Fund (IMF). The government – in the memorandum on economic and financial policies for 2013-16 presented to the IMF for the latest loan program – had committed to finalise the plan to eliminate the SROs granting exemptions or concessions by December end of 2013. “The gove

A plan to float zari and embroidery handicraft cluster in Kulithalai is under the consideration of Union Ministry of Textiles. Steps have been initiated for floating the cluster under the ‘Babasaheb Ambedkar Hastashilp Vikas Yojana’ being implemented by the Union Ministry of Textiles, said M.Prabakaran, Deputy Director of Handicrafts, Marketing and Service Extension Centre, Salem. Addressing presspersons here on Friday, Mr.Prabakaran said that the scheme aimed at promoting handicrafts indust

Recent hike in power tariff is feared to increase the cost of production by 21 percent, making the domestic industry uncompetitive in the world market, said Muhammad Yasin Siddik, Chairman All Pakistan Textile Mills Association (APTMA). Addressing a press conference here on Saturday, he said that the government had increased power tariff for the industry by 70 percent which was not acceptable. After recent increase, power tariff for the industry had gone up to Rs13.16 per unit as against Rs7

Cotton yarn exports from India, which has touched 120 million kg per month, is likely to drop by 20% in the current fiscal following the UPA government's sudden decision to remove the exports benefits under focus market scheme (FMS) on cotton yarn. FMS is aimed at developing new markets across the globe for Indian products. Till date, Latin America and Africa were the focused markets for Indian cotton yarn exports. The move will also affect the spinning mills in Tamil Nadu, Andhra Pradesh, K

India has withdrawn incentives for exports of cotton and yarn, a value-added product used by textile mills, an official order said, a move that could cut exporters' margins in the world's second-biggest exporter of the fibre. The Directorate General of Foreign Trade (DGFT), a unit of the trade ministry, did not give any reason for withdrawing the incentives. Together the benefit of the government's Focus Market Scheme and Incremental Export Incentivisation Scheme on cotton yarn comes to a

Chinese Foreign Minister Wang Yi ensures this in a meeting with PMr Sheikh Hasina at UN Headquarters Flags of Bangladesh and China China will increase the duty-free access of Bangladeshi products to its market up to 95% to boost the trade relations between the two countries and to support Bangladesh in bringing down its trade deficit with the trading partner. Chinese Foreign Minister Wang Yi said this when he met Prime Minister Sheikh Hasina at the Conference Building of the UN Headqu

Global textile machinery makers plan to increase investment in China as the country is set to become the world’s largest apparel market. France-based Lectra, which provides software and cutting systems for the garment industry, expects to see sales in China post a record high this year, Andreas Kim, China chief of the company, said yesterday in an interview during the China International Sewing Machinery and Accessories Show. He said the Asia-Pacific region accounts for about 20 percent of