A total of 20 companies, from more than 300 entries, were selected for the third best green fabric award at the 'China Fabrics Quality Competition' held on December 3. The event was held along with the 18th session of Shenzhen clothing OEM and accessories exhibition and the closing ceremony of the third session of the Shenzhen original design fashion week. During the thirteenth Five Year Plan period, the supply side of reform as a national strategy has greatly impacted the textile and garment

Research and development is the key to the growth of the textiles industry and the government has already invested in R&D in the textile machinery manufacturing sector, said textiles commissioner Kavita Gupta. She also added that India's textile industry can overtake China's in the near future as the former is more competitive in terms of labour and power. The government will also ensure a favourable business environment with policies and infrastructural support, said Gupta while address

Everest Textiles, Taiwan based maker of high performance sports apparel will invest $18.5 million over five years to bring a sports fabric weaving and finishing operation at a site in Forest City. This will create employment for 610 at the manufacturing facility. This was announced by Governor Pat McCrory, North Carolina Commerce Secretary John E. Skvarla, III, and the Economic Development Partnership of North Carolina (EDPNC). This innovation-based textile company has selected their state an

Cotton market in Pakistan witnessed improved trading activity due to renewed buying on Tuesday, dealers said. The official spot rate remained still at Rs 6250. As per the market sources, the spinners were seen indulged in fresh buying to replenish their stock. In Sindh, seed cotton prices were at Rs 2600-3300, while in Punjab, phutti rates remained at Rs 2800 and Rs 3550, as per 40 kg, dealers added. According to cotton analyst, Naseem Usman, prices of quality lint may maintain stable in

With the decline of cotton supply to textile units vis-a vis demonetization, the jute supply is also following a similar trend. The supply of raw jute to mills estimated a disruption in the sourcing of Rs 4,000-crore worth of the fibre from rural and secondary markets in the absence of a payment arrangement. The production of raw jute stands at 90 lakh bales so far this fiscal. According to industry sources, only 40-45 per cent of the output have reached the market.The conversion of raw jute

Council of All Pakistan Textile Associations (CAPTA) has appreciated the decision of the government to reduce gas tariff for the industry. The representatives of CAPTA in a meeting described it as a step in the right direction, which will reduce the cost of doing business and of manufacturing. The reduction in the cost was the dire need of export-oriented industry to become cost competitive at regional and international level, said press release here on Wednesday. The country’s competitors in th

Supported by supply-side structural reform and positive changes in economic dynamics, China's economy is heading toward stabilization, a Chinese economist said Tuesday. Despite headwinds at home and abroad, China's economic growth has remained in a reasonable range this year, paving the way for further stabilization, said Wang Yiming, deputy director of the development research center of the State Council. In an exclusive interview with Xinhua, Wang said the Chinese government's supply-s

The Argentinian Ambassador, Ivan Ivanissevich, recently made a visit to the Karachi Chamber of Commerce & Industry. In a meeting held, he emphasized that Pakistani businessmen and industrialists should focus on penetrating into the Argentinian market by efficiently competing with their counterparts from India and China etc. He said that 60 percent of Argentina's textile products were being imported and the remaining 40 percent were being produced locally whereas the textile clothing impor

The supply crunch in the textile industry had driven up prices higher than international prices and since the traders are unable to meet obligations, buyers could look to other markets. Cotton prices across the country are ruling high on subdued arrivals. The lack of demand in the apparels industry has also impacted arrivals and although farmers are getting high prices, they prefer to hold back because of the currency shortage in the market. India is the world’s largest producer of cotton

The textile industry representatives are hopeful of revival of business once the cash flow begins in the market. Textile sales had gone down by around 50-60 per cent after the scrapping of high-denomination Indian currency notes on November 8. This announcement by the Central government had applied brakes on textile sales in the initial period. “Surat generally gets bulk orders from various parts of the country. Demonetisation has badly affected our business dealings. Consumers are spending