Budget this year would offer special incentives for employment generation as well as certain sectors will have opportunities for considerable value addition, said P Chidambaram, Finance Minister.Addressing the pre-budget meeting with industry leaders, he remarked that textile turf would generate more employment.He also mentioned chemicals, pharmaceuticals and automobile sector in the list of employment generators.Elaborating his views, the Minister said that textile industry has potential to gen

LAHORE: Issues such as market access, infrastructural constraints, political concerns of foreign investors and high inflation rate continued to adversely affect steady growth of the textile sector throughout 2005, the first year after phasing out of the Multi-Fibre Agreement (MFA).There was a worldwide consensus that only three countries, China, India and Pakistan, would be the leading ones in the field of textile in the post-quota regime. But the performance of Pakistan, say the textile experts

The government reopened the Benapole Land Port (BLP)for importing knit yarn from December 15.The National Board of Revenue (NBR) has suggested various steps to prevent revenue irregularities arising out of knit yarn imports through the country's Benapole land port. They are listed below: Customs commissionerate to ensure 100 percent export-oriented knitwear manufacturing units import yarn vide valid bond license.Bond commissionerate to make sure imports of knit yarn take place through letters of

The Hohenstein Institutes said around 50 representatives from the textile industry, chemical industry and dermatological university hospitals took part in a workshop on December 6 and 7, 2005 as part of the 2nd Hohenstein cluster initiative on cosmetic textiles and wellness clothing.The textile industry is very optimistic that these products will open up new target groups and markets. The functionality and effectiveness of initial products on the market is still highly disputed in some cases, ho

BEIJING: The country's exports of textile and apparel amounted to US$107.123 billion in value between January and November 2005 as per the statistics which is up by 21.12% year on year representing a share of 15.06% in total exports, as per sources said here on January 09. Further added that the exports of textile products rose 23.95% year on year to US$40.151 billion during the reviewed period, that of apparel went up 19.48% to US$66.972 billion. The largest export market of China was the US1

Indian textile and apparel industry is expanding its capacity to compete with other countries in the post quota scenario. Analysts believe insufficient skilled personnel is a major problem hampering industry progress and it requires foreign consultants to train personnel to man latest equipment and machines being imported from abroad, or even from within the country.The textile ministry has given the go ahead, to hire foreign consultants and the Apparel Export Promotion Council (AEPC) has been a

Modified control arrangements for Hong Kong's textile exports to the European Union will take effect from March 15, Hong Kong's Commerce, Industry & Technology Bureau said Friday. Exports, including re-exports, will require either a consignment-specific export license or a textiles notification under the Textiles Trader Registration Scheme to cover each consignment. Cut-and-sewn garments will also be subject to the Production Notification requirement. The bureau said the modified arrang

Statistical Office of the Republic of Slovenia released the Inflation rate for December 2005.In December prices remained the sameAs in the previous years, this year too December did not contribute much to the annual inflation rate. Compared to November, on average consumer prices did not change.Lower prices of clothing and footwear decreased the total growth of pricesIn December lower prices were recorded in the groups clothing and footwear (by 2.8 percent) furnishing, household equipment and ma

International Cotton Advisory Committee? (ICAC) Secretariat estimates that the world cotton area will grow by about 3 percent to 35.7 million hectares in 2006/07, encouraged by higher prices this season. Most of this expansion is expected to take place in China (Mainland) and India, whereas harvested area is forecast down in the United States and is expected to remain stable in Pakistan. Assuming average yields, it is expected that world production will reach 25.3 million tons in 2006/07, about

Polyethylene terephthalate or simply called PTA, has wide industry application. As a basic raw material it is used in the manufacture of polyester polymer that produces fibres for textiles, packaging, PET bottles and other film based items. Markets, especially Asian, have been volatile and totally dependent on rising crude prices that have reached record levels in the recent times. As a cascading result, Paraxylene (PX) feedstock costs have gone up and growing demand for polyester and Polyethyle