Fibre2Fashion's latest report “Global Textile Machinery Market Outlook -Trends and Forecast till 2020 – By Type, By Sales Volume, and By Region and Exports”, identifies the major drivers and restraints for the global textile machinery market with an analysis of trends, opportunities, and … Read more about Asia-Oceania Tops Global Textile Machinery Consumption
Import Of Textile Machinery Reduced With 26%
Import of textile machinery has reduced with 26% after falling of investment, while imports of textile machinery are expected to decreased. However, Pakistan’s most important export industry is declining it’s investment rapidly in the textile sector, local industries are facing stiff competition … Read more about Import Of Textile Machinery Reduced With 26%
Incentives Will Help Boost Textile Exports to $26 Billion by 2019
An incentive of Rs 64.15billion cash subsidy to the textile and clothing sectors under the Textile Policy will boost exports to $26billion by 2019. The package announced under the Textile Policy (2015-19) carries special duty-drawback rates, duty exemption on plants and machinery, subsidy on … Read more about Incentives Will Help Boost Textile Exports to $26 Billion by 2019
Appointment of textile minister likely
The Prime Minister''s Office has reportedly vetoed the recommendation of the Cabinet Committee on Restructuring (CCoR) for merging the textile ministry with the commerce ministry, it is learnt. The CCoR meeting held on March 27, 2015 and chaired by federal minister for finance Ishaq Dar, had … Read more about Appointment of textile minister likely
Modest Trade Amid Pre-Holidays Session
Modest Trade Amid Pre-Holidays Session Modest trading was seen on the cotton market on Thursday as main buyers were conspicuous by their absence amid Eid-ul-Fitr holidays session, dealers said. The official spot rate was unchanged at Rs 4700, dealers said. Seed cotton prices in Sindh were at Rs … Read more about Modest Trade Amid Pre-Holidays Session
Massive Chinese Cotton Auction Likely To ShakeUp Market China
the world's top cotton consumer, will auction an initial volume of 1 million tonnes of cotton from its 10 million reserves during July and August, said the country's top economic planner on Tuesday, according to media reports. Beijing will offer 330,000 tonnes of domestic cotton from the … Read more about Massive Chinese Cotton Auction Likely To ShakeUp Market China
India Keen To Cooperate With Iran on Textiles
Textile and steel are two important sectors in Iran’s Isfahan province where India and Iran can cooperate for mutual economic development, Indian ambassador to Iran DP Srivastava said. The ambassador’s remarks came in a meeting with head of Isfahan Chamber of Commerce. He expressed India's … Read more about India Keen To Cooperate With Iran on Textiles
Export Parity Underpinning Brazilian Cotton Prices
After successive drops between the period May 5-26, 2015, export parity is underpinning Brazilian cotton prices mainly because of high exchange rate. “In the last week, Brazilian cotton quotes were just 5 per cent above export parity, which had not occurred since mid-March,” CEPEA Brazil said in … Read more about Export Parity Underpinning Brazilian Cotton Prices
Vietnam, Germany to Set Up Joint Chamber of Commerce
Vietnam and Germany will soon establish a joint chamber of commerce to boost trade of both sides to promote and increase business opportunities, especially when the Vietnam-EU Free Trade Agreement is signed, the Vietnam chamber of commerce and industry (VCCI) said on its website. Dr Vu Tien Loc, … Read more about Vietnam, Germany to Set Up Joint Chamber of Commerce
India Woos Bangladesh As China Cuts Cotton Imports
Bangladesh may emerge as an unlikely saviour for the Indian cotton sector that has been left reeling in the face of low Chinese imports. Indian cotton export is expected to fall to a six-year low as China continues to cut imports. According to government estimates, lesser cotton imports by China may … Read more about India Woos Bangladesh As China Cuts Cotton Imports
Yarn Expo Exhibitors Expect Chinese Yarn Market to Perk Up
China’s cotton yarn market, one of the biggest in the world, has been relatively quiet since the country ended its cotton stockpiling policy last year. However, exhibitors at the Yarn Expo Spring show in 2015 had said they have seen signs indicating the market is starting to pick up. KL … Read more about Yarn Expo Exhibitors Expect Chinese Yarn Market to Perk Up
‘Spinning sector needs export interest subvention’
Credit rating agency Crisil has suggested the need for export interest subvention for spinning textile sector, according to media reports. As per the interim report, prepared based on the request of Texpreneurs Forum, a copy of which was presented to the Commerce Minister, Nirmala Sitharaman last … Read more about ‘Spinning sector needs export interest subvention’