The size of India's textile market is expected to touch USD 250 billion in the next two years from USD 150 billion now, a senior government official said on Tuesday. "We see tremendous growth potential for the textile industry and it is expected to touch USD 250 billion in the next two years from the present USD 150 billion. The domestic market is (currently) estimated at USD 110 billion and exports at USD 40 billion," Textile Commissioner Kavita Gupta said. She was speaking after inaug

The 41st Texworld Paris will introduce a new segment on denim - Texworld Denim. The four day programme beginning from September 18, 2017 attracts ever-increasing numbers of international manufacturers specialising in fabrics, trimmings and accessories. Over 910 exhibitors from various parts of the world will present at the textile exhibition. "On the occasion of the 41st Texworld Paris show, Messe Frankfurt France is introducing a new segment that goes by the name of Texworld Denim. The denim

Cotton exports of India are likely to see a decline of 17 per cent in the 2016-17 cotton season. India exported 72 lakh bales of cotton in 2015-16 and Cotton Association of India (CAI) has estimated the exports to touch 60 lakh bales in the ongoing cotton season. The CAI has placed its cotton crop estimate for the season at 336.25 lakh bales of 170 kgs each. The projected balance sheet drawn by the CAI has estimated total cotton supply for the season at 406.25 lakh bales while the domestic co

Chinese President Xi Jinping said his country hopes that the Group of 20 (G20) major economies will continue to champion the building of an open world economy. Xi made the appeal in a signed article published Tuesday on mainstream German media before he travels to the European country for a state visit and the upcoming G20 Hamburg summit. Recalling the achievements of last year's G20 summit in Hangzhou, China, Xi said the world economy still faces daunting challenges despite "further con

Bangladesh government and readymade garment factory owners have expressed their deep displeasure over a unilateral decision made by the EU brands and retailers to extend the presence of Accord on Fire and Building Safety in Bangladesh by three years. Commerce minister Tofail Ahmed and law minister Anisul Huq at an emergency meeting with the partners of Sustainability Compact at the Bangladesh Secretariat on Sunday made clear the government’s position on the matter. At the meeting, the com

Rieter, the leading supplier of systems for short-staple fibre spinning based in Switzerland, has announced that the company has acquired the SSM Textile Machinery Division (SSM) from Schweiter Technologies AG, an innovative leader in yarn processing and winding and Swiss developer, leader, and holder of patents in electronic yarn guiding systems. SSM is the world’s leading supplier of precision winding machines in the fields of dyeing, weaving and sewing thread preparation and enjoys succes

For the fourth quarter of 2017, Nike's revenue has gone up 5 per cent to $8.7 billion. On currency neutral basis, the company has achieved 7 per cent growth. For 2017, revenue went up 6 per cent to $34.4 billion. International geographies and the Direct-to-Consumer (DTC) businesses globally led strong revenue growth in the fourth quarter and full year. Revenue for Nike brand was $8.1 billion, up 7 per cent on a currency-neutral basis driven by double-digit growth in Western Europe, Greater Ch

The textile trade between India and Russia currently stands at $161 million, but has the potential to reach more than $1 billion with a huge market of winter wears in Russia, said J K Dadu, additional secretary, Union ministry of textiles while speaking at a country session on the second day of Textiles India 2017. With over 10 months of extreme cold climate in Russia, India can has the potential to cater to this weather through items such as leather jackets, caps, boots, pashmina shawls and

As part of the Textile India 2017 exhibition, there were two fashion shows that are curated and produced by IMG Reliance Industries Ltd -- Evolution of Textiles of India and The Indian Handloom Show. Some known fashion designers, including Payal Khandwala, showcased their collections at the platform. At the event designer Payal Khandwala said that handwoven textiles must be incorporated into the industry in a more responsible way, one that is sustainable and long term. That requires commitmen

According to figures provided by the USDA, China’s appetite for cotton in 2016/17 is higher than previously estimated in May. The USDA’s June figures show that Chinese imports of cotton fibres have been revised upwards by 4.2% (+200,000 480lb bales) relative to estimates made in May, while domestic demand has been revised upwards by 1.4% (+500,000 480lb bales). As a result of such revisions, expectations of China’s 2016/17 total cotton supply were revised upwards in June relative to May by 0.