The country has a deficit of about 2430 million meters of textile, Textile and Jute Minister Shajahan Siraj informed parliament Monday. Replying to Golam Mohammad Siraj (BNP-Bogra), he said the government has declared the textile as thrust sector for its development and is gradually reducing import duty and tax on capital machinery, construction material and spare parts needed for this sector. Besides, he said the interest rate on long- and short-term loans is also being gradually reduced to

Singapore`s Textile and Fashion Federation announced Tuesday several projects worth 11 million Singapore dollars (about 7 million U.S. dollars) in a bid to boost the development of the industry. According to a press release by the International Enterprise Singapore (IE Singapore), the city state`s external economy promotion agency, key projects include the establishment of a Productivity and Design Development Center and attracting more buyers to the annual Singapore Fashion Week. Scheduled to b

China agreed to limit textile exports to Brazil, where the government says the products are threatening local industry. The two countries will sign an agreement tomorrow, the Brazilian Trade Ministry said. The accord, to be signed in Beijing between Brazil's Trade Secretary Ivan Ramalho and China's Trade Vice-Minister Gao Hucheng, will set quotas for eight types of Chinese textile exports to Brazil, according to the ministry's Web site. The products account for 60 percent of Brazil's textile

SINGAPORE: The Singapore textile and fashion industry will get a fresh boost from new government initiatives expected over the next three years. The projects will help the industry generate an additional S$400 million in revenue and create an additional S$105 million in value add. This was announced at an industry event on Tuesday evening. In the next three years, fashion houses and the garment industry will get projects costing S$11 million through the Local Enterprise & Association

ISLAMABAD: The Trading Corporation of Pakistan has been barred from offering its cotton stock to the local textile industry at least in February when the growers are yet to dispose of their fresh crop. Sources said the decision to this effect was taken at a meeting here early this week with Prime Minister Shaukat Aziz in the chair and attended by Commerce Minister Humayun Akhtar, Textile Minister Mushtaq Cheema, Industries and Production Minister Jahangir Tareen, Food Minister Sikandar Khan B

Minister for Textile and Jute Shajahan Siraj yesterday called upon both local and foreign entrepreneurs to invest in the country's textile industry, particularly in woven sub-sector, to face the challenges of quota-free global market. "We'll have to develop the woven sub-sector to help the garments industry survive in the quota-free world," he said at his inaugural speech at the four-day long textile and RMG machinery show at Bangladesh-China Friendship Conference Centre. Some 236 exhibito

The quarter ended December ?5 has brought good news for the textile industry. After witnessing a contraction in profit in the previous quarter, textile majors have recorded an expansion in both operating and net margins. This has been accompanied by both topline and bottomline growths. A major reason for margin expansion has been the decline in raw material prices, particularly cotton prices. An ETIG analysis of financial results of some companies like Mahavir Spinning, Indo Rama Synthetics,

Textile industry of Syria was able to achieve profits for the first time this year, due to inflow of new investments in this industry for past five years, said Jamal- al-Omar Director General of Syrian Textile Industries' Establishment.Jamal al-Omar explained the importance of textile industry which contributed to the national economy.He hoped that textile industry will be able to compete with other industries in Syria as well as other markets abroad, in the coming years. Textile industry, consi

China's per capita fibre consumption increased to 13 kg, up five kilograms during the past five years compared to 8 kg level, up from 4.1kg during the 20 year period between 1980-2000, reported China Chamber of Commerce for Import and Export of Textiles. China's textile industry progressed rapidly between the periods 2001-2005 with over 100 million Chinese farmers involved in agricultural products related to textile production. Net export of China's textile industry reached $80.58 billion

Significant rise in the export of cotton has been registered by Argentina last year. For 2005, cotton exports stood at 129,768,480 pound bales recording a massive 200 percent increase, year on year basis and the highest since 2001. Argentine cotton finds favor with Chile's denim fabric producers who patronize it in a big way.Chile also emerged as top destination for Argentine cotton with purchase of 42,696,480 pound bales.Thailand, Turkey, Vietnam and Taiwan were other leading destinations for A