A weak Indian rupee, may not be bad for everyone. Indeed, it has proved to be a boon for the country's textile sector. After a 5% drop in the last fiscal through March to $31.7 billion, India's textile exports are expected to grow 15% in 2013-14 on a pick-up in orders, senior industry executives said. Apart from the Indian rupee's depreciation against US dollar of over 21% since April, economic recovery in the US — India's biggest textile and garment export destination — safety issues at Banglad

Zambia's cotton production for 2012/13 marketing season is anticipated to drop drastically by almost half to about 100,000 metric tons due to unfavourable weather conditions, agriculture experts indicate. The Zambia Cotton Ginners Association (ZCGA) also says cotton trading during the period was marred by malpractices, with loan recovery rate at about 60 percent. ZCGA executive secretary Bourne Chooka said cotton production is expected to be negatively affected this season despite the in

Japan’s nonwoven production was 162,749 tonnes during the first half of this year, representing an increase of 1.3% compared to the same period in 2012. Spunbond and meltblown have kept the largest growth over the past 17 months, with a 12.5% growth during this period. Spunlace has also recorded a 9.5% increase over the past 14 months. These processes have driven active nonwoven growth in Japan, said Japanese nonwovens association ANNA. The processes are mainly for hygiene and wipes applications

The whole process of import as well as audit under DTRE system takes at least 26 weeks in Pakistan while in Bangladesh the entire procedure is completed in just in two hours. As a result, Bangladesh textile exports have surged to $26 billion without producing a single bale of cotton while Pakistan has never crossed the figure of $16 billion despite producing its own raw material. “Procedure of Duty Tax Remission for Exports (DTRE) scheme has been designed in such a manner that just few compan

Textile industry associations have hailed the clearance of the new Technology Upgradation Fund (TUF) Scheme for the entire 12th Plan period. Welcoming the decision, the Southern India Mills Association Chairman S. Dinakaran said that this scheme of the Textiles Ministry had attracted over Rs 2.53 lakh cr of investments since its introduction in 1999. Though the investments have been substantial so far, in recent months, they had almost come to a standstill in the absence of a new scheme.

Wal-Mart Stores Inc told investors on Thursday that it could provide up to $50 million in low-interest loans or other types of payments to Bangladesh factory owners for building improvements. The money is part of the more than $100 million in loans and access to capital that a group of North American companies including Wal-Mart and Gap Inc pledged in July. The Bangladesh central bank would need to approve any foreign currency loan. Details about lending rates also need to be finalised.

An estimated one million workers, mostly women, have moved from the rural hinterland to the cities for a fortune in the nation's $10 billion knitwear industry. But insiders and industry watchers predict a Darwinian struggle for orders from western brands seeking ?‘cheap chic' in the post-Rana scenario. ?— FE photo by Shafiqul Alam A spate of industrial accidents that has dented the image of the nation's knitwear manufacturing industry has piled the pressure on the small firms in t

Lindex expands its assortment and on 14 October 2013, launches underwear and sleepwear for men at Shop online. As one of the leading fashion chains in Europe, Lindex is always looking to develop its collections to the customers. In keeping with this, the company presents a collection with the keywords: masculine, classic - with a modern design, high quality and reasonably priced. In addition, 95 per cent of the garments in the collection are made from sustainable materials. Lindex h

China is preparing the ground to scrap a controversial scheme to stockpile cotton in favour of subsidising farmers, a move that could slash imports by the world's top buyer of the fibre and herald a broad shakeup of Beijing's sensitive farm policies. Abandoning stockpiling would mark the end of a system that has distorted the market to such a degree that it has been cheaper for Chinese mills to import cotton grown abroad than to buy domestic produce. China's top economic planning body has comp

Morris Kaye & Sons Furs is pleased to announce they will be attending the Denver International Western/English Apparel & Equipment Market that will be held September 6th through the 9th. This event is hosted by the Western & English Sales Association and is the perfect opportunity for Morris Kaye & Sons Furs to showcase their latest Western and English styles. The furriers at Morris Kaye & Sons Furs take great pride in providing their customers with the latest styles an