The Apparel Export Promotion Council (AEPC) has welcomed the announcement of Gujarat government to extend its textile policy by one year. The policy which was set to expire on September 4, 2017, will now remain in force till September 3, 2018. The five-year textile policy was launched by Prime Minister Narendra Modi when he was chief minister of the state. As part of its consultations for the new textile policy for Gujarat, AEPC has asked for the availability of plug and play infrastructure f

China in its Xinjiang Uygur Autonomous Region — which is also sometimes called East Turkestan is planning to introduce 10 year textile development plan which is likely to create stiff competition to the Pakistani textile sector unlike the China Pakistan Economic Corridor (CPEC) will open new doors of development in Pakistan. According to the ten-year plan, by 2023, Xinjiang will build China’s largest cotton textile production base and the largest garment export processing base. By 2023, Xinji

Indian Texpreneurs Federation (ITF), an advisory to the members to reduce loss and to bring balance in cotton and yarn prices advised spinning member mills to reduce yarn production by 35 percent for next two months also try to avoid buying cotton at the prices to minimise the impact of financial loss, due to the slowdown in exports and also n domestic market. Due to demand and supply imbalance, yarn prices were down and with current cotton and yarn prices, standalone spinning mills were faci

According to latest figures provided by the United States Department of Agriculture (released on 10 August), expected total supply of cotton for the 2017/18 market year was revised upwards in China, due to an increase in the expected production of cotton. Expected imports and initial reserves remained the same, relative to expectations made in July. Expected total supply was revised up by 0.6% (+500,000 480lb bales) to 77.90 million 480lb bales. Despite the increasein expected cotton producti

The Pakistan Economy Watch (PEW) on Saturday asked Prime Minister Shahid Khaqan Abbasi to implement the Rs180 billion export package announced last year by the former PM Nawaz Sharif. It asked the government to support the textile sector which is the largest foreign exchange earner and second largest employment provider after agriculture. The export sector, especially the textile sector, is the backbone of the economy which deserves the full attention of the government as it is going down sin

The global conductive textiles market was valued at US$ 1.02 billion in 2016 and is projected to reach US$ 2.11 billion by 2021, at a CAGR of 15.6% from 2016 to 2021, according to the recent report published by Reportlinker. Growth of the smart fabrics market, increasing awareness of the advantages of conductive textiles across varied end-use industries, and high demand for conductive textiles from the military and defence sector are key factors driving the growth of this market. High cost of

US ambassador to the United Nations Nikki Haley has said she wants the 15-member UN Security Council (UNSC) to vote on September 11 on a draft resolution to impose new sanctions on North Korea that includes an oil embargo and a ban on the country’s textile exports and the hiring of North Korean labourers abroad. The country recently tested a nuclear bomb. The United States wants the UNSC to impose the embargo and subject North Korean President Kim Jong Un to an asset freeze and travel ban, a

Yarn Expo, the leading yarn and fibre business platform in Asia, will have a special focus on green products with a number of yarn and fibre manufacturers which have endeavoured to introduce green products into the early stages of textile production, displaying their innovations to seek buyers. The expo is to be organised during October 11-13 in Shanghai. The event will host around 500 global yarn suppliers from 13 countries and regions. Amongst a record number of exhibitors at this Octo

Pakistan textile industry has been advised to focus on value addition to compete in the international market as lack of value addition is one of the major reason behind the decline in exports, said Commerce Secretary Younis Dagha on Wednesday while addressing an event hosted by Pakistan Hosiery Manufacturers and Exporters Association. According to Dagha, cost of doing business is higher in Pakistan compared to neighbouring countries, but it is not the only hurdle in exports as they have not p

Chinese industrial giant Shandong Ruyi is planning its first North American gigantic textile factory in a small town in the southern U.S. state of Arkansas which will not only transform the state but it's expected to create 800 jobs. Forrest City, located near the Mississippi River, is where Shandong Ruyi plans a $410 million investment to spin yarn at a factory where local workers once built Japanese televisions. AEDC communications director Jeff Moore said that the Shandong Ruyi plant is