Weaving sector expected to get 6% interest rate subvention, which currently stands at 5%. The Textile Ministry has sought more benefits for the weaving sector under the revised Technology Upgradation Fund Scheme (TUFS). On the other hand, spinning sector incentives are to be reduced. The scheme that was very popular in textile industry just a few years ago is being restructured and will be part of the next five year plan. The ministry is going to submit revised scheme proposal to the cabinet f

Cotton exports dropped by 31 per cent to 9.8 million bales in 2012-13 marketing year that ended last month, but imports rose slighly to 1.47 million bales in the same period, a report said. The world's second largest cotton producer is expected to import more natural fibre in the coming months, it noted. "Preliminary data suggests that exports reached 9.8 million bales through the end of July, the final month of the 2012-13 marketing year," the US Department of Agriculture ($A) said in its l

Kyrgyz businessmen has an opportunity to legally enter the Russian market. It is reported that In 2013, one of the largest trade fair centers in Russia is to be opened in Moscow. Organizers assure the center “Lotus City” will be one of the biggest center that has no analogues of trading platforms not only in Russia but also in the world. To talk about its benefits for the Kyrgyz businessmen, particularly in textile, chairman of the Moscow City Duma Vladimir Platonov, a sales representative of

Exports of the country's apparel products witnessed a robust growth of more than 26 per cent in July 2013, amid garment manufacturers' apprehension that their shipment orders might fall following the tragic Tazreen and Rana Plaza incidents that killed more than 1200 workers. Such a significant rise in the exports of readymade garments gave a boost to the country's overall export earnings by 24 per cent in July 2013 over that of July 2012, according to the data of Export Promotion Bureau (EPB) r

The Pakistan textile sector is anticipating a bumper cotton harvest due to the favourable weather conditions in the main cotton-growing Punjab and Sindh provinces. Government officials and textile industry representatives said timely rains would boost output. A report from the government’s cotton crop assessment committee has said Pakistan was likely to produce 13.255 million bales (of 170 kilograms each) in the fiscal year of 2014, ensuring cotton production would rise by 1.68 million bales

Cotton production in India, the world's second-biggest exporter, will climb to a record as above-average monsoon rainfall increased planting, Agricu-lture Minister Sharad Pawar said. "The growing areas have received very good rains," Pawar said in an interview yesterday. "Excessive rains in some areas will not impact the total output. Production should reach a record." The harvest was the highest ever at 35.2 million bales (1 bale=170 kg) in 2011-2012, according to agriculture ministry data. Pr

The owner of Japanese clothing chain Uniqlo announced Thursday it has signed up to a safety pact covering Bangladesh's disaster-hit garment factories, following criticism of its delay in doing so, AFP reported. Fast Retailing said in a statement it has signed the Accord on Fire and Building Safety in Bangladesh. Last month 70 top retailers promised to open their Bangladesh factories to safety inspections within nine months as part of the accord. The mainly European brands will underwrite r

The production of paraxylene, a key raw material needed for production of polyester fabrics, is getting stagnated in China, as new projects are getting derailed, which may affect the textile companies that use PX as a raw material. There is huge demand for PX in China, as the country is a large manufacturer and exporter of textiles. In addition, PX is used by other industries like plastic bottle making, and in the medical and biochemical industries. But in recent years, questions regarding

Chinese and foreign sportwear companies were wrong-footed after the 2008 Beijing Olympics failed to bring a surge in demand for their products. Photo: Reuters China’s home-grown sportswear industry is finally showing signs of recovery after nearly two years of massive oversupply, and industry watchers are betting that ANTA Sports Products will be first out of the blocks. ANTA, the country’s largest sportswear company by market capitalisation, cheered investors on Tuesday when it said the v

Lenzing AG and China’s Nox-bellcow (ZhongShan) Nowoven Chemical Ltd. (NBC) announced their joint cooperation on the development of facial masks based on Lenzing’s Tencel Skin regenerated cellulose fibre at a press conference held at Four Seasons Guangzhou Hotel yesterday. The Chinese spunlace manufacturer and converter Nox-bellcow (NBC) is placing its trust in the Lenzing Tencel brand for sensitive direct skin contact applications and the launch of co-branded facial masks made from 100% Tencel