Textile Minister Santosh Kumar Gangwar on Monday replying to a debate in the Lok Sabha on the Textile Undertakings (Nationalisation) Laws (Amendment and Validation) Bill, 2014, said that government was keen to take the country forward in textile sector. The government will bring in a new textile policy by next month and seek to build more clusters in the country. In his reply to the debate, Gangwar thanked the members for their interest in the issue and wide participation in the debate and

The Punjab-based textile industry has welcomed the government decision of shutting down Rousch Power Plant to divert 85MMCFD gas to textile industry during winter, saying that it will earn $1.2 billion per month foreign exchange through exports of textile products. According to these circles, this step would bring more confidence on the part of investors who are ready to invest billions of dollars in Pakistan's textile industry subject to availability of uninterrupted energy, including elect

For Fakhruddin Amiji, who has the largest apparel factory in Kenya, the key to success is pretty simple. “All they need is price -- they're hunting for pricing,” he says of foreign buyers, mostly from the US, who he hopes will increase the volume of orders they place with him. Things are already going well for Amiji, whose company, Ashton Apparel, is growing and turns over $100 million a year. The business produces denim for H&M, Walmart and others, and he plans to expand his factory work

According to an Indian apex cotton trade body, cotton output in the current season in the country is estimated at 40.55 million bales (of 170 kg each) as against 40.72 million bales in the previous season. At a Cotton Association of India (CAI) hosted conference in Mumbai, CAI president Dhiren Sheth said cotton production which stood at 15.80 million bales in 2001-02 will touch 40.55 million bales in the 2014-15 season.The Indian cotton industry has made rapid strides in several areas like prod

The ginning industry of India is staring at slowdown, on account of subdued demand and disparity in price. According to industry sources, ginning units are running below 65-70 per cent capacity. India's substantial cotton production this year has not translated into good days for ginning sector. Moreover, farmers are reluctant to sell kapas (raw cotton) at the current prices in expectation of higher price for their produce, bringing down the commodity's arrival by 50 percent from last year.

China has decided to pay a subsidy of CNY 2,000 per ton of cotton harvested in the cotton year of 2014/15 to farmers in nine major cotton-growing provinces including Shandong, Hubei, Hunan, Hebei, Jiangsu, Anhui, Henan, Jiangxi and Gansu. In the following years, the subsidies will be calculated based on 60% of the target price subsidies provided to Xinjiang, the largest cotton growing region in China, but the roof of the subsidies is CNY 2,000/ton. Based on the production figures of nine cot

At a time when many Chinese manufacturers continue to struggle with export orders, leather producers in Shiling township, in the Huadu district of Guangzhou, the capital of Guangdong province, are reporting a strong demand for their products overseas. Leather production in Shiling－often dubbed China's leather capital－is expected to grow 13 percent this year compared to that of last year, and be worth more than $1 billion, according to local authorities. "Exports in the first

A file photo shows women working with machine to produce textile yarn at a factory. Bangladeshi workers are often recognised for performing manual production at lower cost than automated production Japanese ambassador to Bangladesh Shiro Sadoshima yesterday said attention of a larger number of Japanese businessmen towards Bangladesh is growing due to its low-labour cost. “This year enquirers from Japan about Bangladesh have almost doubled and the number of missions has drastically increa

Depress condition persisted on the cotton market on Monday despite the purchasing of cotton by the Trading Corporation of Pakistan (TCP), dealers said. The official spot rate maintained overnight level at Rs 4,800, they added. In the ready session, around 20,000 bales of cotton changed hands between Rs 4600-5100, they said. In Sindh, rates were at Rs 1600 and Rs 2400, in Punjab prices were at Rs 2200 and Rs 2600, they said. Some brokers said that present condition in the market is not much d

Japan’s Fukui prefectural government plans to invest in the garment and functional textiles industry to expand its business in Thailand for which they have entered into an agreement with Thailand's Industry Ministry, said Arthit Wuthikaro, the ministry's director-general for the development of industrial promotion. The total value of investment from Fukui in Thailand amounts to 10 billion baht with 28 companies operating 11 factories.The agreement is part of Japan's policy to promote and sup