The ephedrine quota allotment scam has not only created serious shortage of different medicines in the country but also adversely affecting the performance of the textile sector as a number of important issues requiring the attention of the Federal Minister of Textile Industry Makhdoom Shahabuddin remain pending due to his frequent absence from office after being declared an absconder. Informed sources in the Ministry of Textile Industry told Business Recorder that following the issuance of h

The town of Plyos, the Ivanovo region of Russia, hosted The Golden Ring Forum on September 7-8. The forum was held to discuss mechanisms to support complex investment and innovative projects in textile and light industries under Russia's accession to the WTO. Deputy Industry and Trade Minister of the Russian Federation Georgy Kalamanov said during the forum that Russia had obtained knowledge before joining the WTO. "The light industry is among the top three industries that are exposed to risk

Minister for Agriculture Punjab said that cotton crop has been grown on 5.8 million acres and the current cotton crop situation is satisfactory. He was addressing a press conference after chairing a meeting of Cotton Crop Management Group (CCMG) at Circuit House Multan. He said that purpose of CCMG meeting is to view cotton crop situation and control CLCV and other insects of cotton crops to get the target of 10.5 million cotton bales. He constituted a technical committee of experts to prepare c

Expressing concern over volatility in yarn prices, the Apparel Export Promotion Council (AEPC) has sought early Government intervention to overcome the situation. In a letter to Commerce and Industry, Textile Minister Anand Sharma, the AEPC said cotton yarn prices should be carefully monitored, as small manufacturers and handloom weavers were considerably impacted due to the steep price hike. AEPC Chairman A. Sakthivel said, “Unfortunately in the last few months, we have experienced volatili

Textile innovator Camira Fabrics has stepped back into the supply chain to work directly with farmers who grow the innovative raw material input for the company’s sustainable bast fiber fabric Hemp. The fabric uses hemp cultivated as agricultural crops to provide 40 percent of the fiber blend; the rest comes from wool. Camira’s hemp is grown as agricultural crops under license from the U.K. government on farms in England. This bast fiber plant—like nettles, flax and jute—contains naturally oc

The latest trade data from China for August point to very weak domestic demand while external demand holding onto single-digit gain. Exports increased by 2.7% from a year ago, improved slightly from +1.0% yoy growth for July, in-line with estimate. However, imports growth fell from +4.7% yoy to –2.6% yoy for the month, way below market estimate of 3.5% yoy gain. On a month-on-month seasonally adjusted basis, however, both exports and and imports fell according to figures from China’s cust

If you love wool, spinning and weaving or just plain want to know how to shear a sheep the old fashioned way, make plans to attend the day-long activities at the 90th South Mountain Fair this year. Some of the area's most accomplished artisans who have competed in the Pennsylvania Farm Show and Maryland Sheep To Shawl Competitions will be demonstrating their finely-honed skills. Source: Gettysburg Times

RECORDER REPORT LAHORE: Worries of textile industry are on the rise with every passing day, as all its efforts to get rid of energy crisis are proving futile amidst unfavourable political situation of the country. It may be noted that the government has recently withdrawn facility of exemption from load shedding to textile industry on independent and grouped feeders. The SNGPL is though supplying five days a week gas supply to textile units but fears are high that the SNGPL would withdraw