The country has produced 10.725 million cotton bales so far in this season, up 9.87 per cent from a year ago. However, the output remained less than the average of around 14-15m bales recorded up to the 2014-15 season. Fortnightly phutti arrival figures released by the Pakistan Cotton Ginners’ Association (PCGA) show production up to the second half of March stood higher by 963,593 bales on a year-on-year basis. Cotton crop suffered mostly in Punjab for the last two consecutive years a

Consumers shop at the Carter's babies and kids store in the Valencia area of Santa Clarita, California. [Photo/Agencies] Carter's Inc, a leading maker of children's apparel in North America, plans to open 200 stores in China by 2022, with at least 40 new outlets this year, said its executive on Thursday. It has 12 stores and an online shop on Tmall－a platform of Alibaba Group Holding Ltd. Michael Casey, Carter's chairman and CEO, said during a trip to Beijing on Thursday that it

China's economy is likely to grow by 6.8 percent year on year in the first quarter of the year as production activities and investment picked up, according to a Chinese government think tank report Wednesday. The firming trend in the fourth quarter last year has continued into the first quarter of 2017, according to the National Academy of Economic Strategy (NAES), citing a huge rise in factory-gate prices, rebounding corporate profits and increasing imports. Consumer prices will rise by 1

India’s 2016-17 cotton imports are set to jump more than a third from a year ago to a record 3 million bales as the rupee’s rise makes buying overseas cheaper, senior industry officials and executives said. The strong rupee - now at its highest level in 18 months - has also braked cotton exports from the world’s biggest producer of the fibre, a trend that has helped rival suppliers in Brazil, the United States and some African countries boost their own exports. ‘Usually (textile) mills in

It is very important that there should be right to form trade unions, hold collective bargaining and right to organise trade union, according to Lietz European Union wants that a common standard be maintained to ensure equal rights for workers employed in the country’s Export Processing Zones (EPZs) and beyond. Arne Lietz, a member of the European Parliament and head of visiting EU parliamentary delegation, came up with the call at a press conference after a meeting with the Bangladesh Gar

The company reported a 3.4% drop in net profit in the December to February period Swedish clothing giant Hennes and Mauritz (H&M) on Thursdayannounced the launch of its eighth fashion brand as tough market conditions in the US and Central Europe hurt profits. The company reported a 3.4% drop in net profit in the December to February period, the first quarter of the company’s financial year, due to the combination of a slower than expected rise in revenues and seasonal discounts. “To

China’s National Development and Reform Commission (NDRC) has kept its target price for cotton in Xinjiang region unchanged from last year’s price of 18,600 yuan ($2,965) a tonne. The target price will now be set every three years instead of annually. However, the state planner can adjust the target price if there are major changes in the cotton market. The decision to keep target price constant for the next three years in the country’s top cotton growing region has been made to curb high fl

The Innovative Apparel Show of Techtextil and Texprocess, the international leading trade fair for technical textiles and nonwovens and for the processing of textile and flexible materials, is all set to present new clothing ideas and innovative processing technologies live in an unconventional way. The four-day trade global show will begin from May 9, 2017. Young designers from the international fashion school ESMOD from Paris, France; ESAD College of Art and Design from Matosinhos, Portuga

The Government of India is likely to impose anti-dumping duty on import of elastomeric filament yarn from four countries—China, South Korea, Taiwan and Vietnam—as the Directorate General of Antidumping and Allied Duties (DGAD) has concluded in its investigations that the yarn has been exported to India from these countries below its associated normal value. The authority “recommends imposition of definitive anti- dumping duty… so as to remove the injury to the domestic industry,” a DGAD notif

The new textile policy is expected to focus especially on handicraft sector and give incentives for expansion of its production base for quality manufacturing. It will have a three-pronged approach to boost the sector which is currently facing competition from international players. The policy will also aim to preserve and protect endangered crafts. The new policy aims to create additional 35 million jobs and achieve $300 billion textiles exports by 2024-25, according to a news agency report