Apparel industry body AEPC is expecting around Rs 5,000 crore fresh investments into the sector during the current fiscal which may create as many as two million jobs. Describing the Rs 6,000-crore textile booster package announced by the government late last month as a "game-changer," Apparel Export Promotion Council (AEPC) chairman Ashok G Rajani that based on the initial feedback he has received, around Rs 5,000 crore may flow into the industry in fresh capex this fiscal year itself. Th

The new National Textile Policy will soon be placed before the Cabinet seeking approval, the policy contains a package to boost job creation and promotion of made-ups for the home textile sector, on the lines of the one which was extended to the apparel industry. Textile Secretary Rashmi Verma at a Texprcial event in Mumbai, said that the draft textile policy will be soon placed before the Cabinet and the home textile sector can also look forward to a package similar to what is extended to the a

Turkey is really good producer, and Russia a very good consumer, the two countries have been partners for nearly 25 years. To resolve the current problem between the two countries steps are taken towards the normalization of relation which are quite healthier and positive, while commerce will be along international norms, said Laleli Industrialists and Businessmen Association (LASİAD) President Gıyasettin Eyyüpkoca. The normalization of relations between Turkey and Russia has raised

The International Labour Organization's Better Factories Cambodia's (ILO-BFC) 33rd Synthesis Report released on Friday, notes that for the second year in a row, the number of confirmed cases of child labour (typically workers between 12 and 15 years old) has dropped from 65 in 2013 to 28 in 2014 and 16 in 2015. The report presents an overview of the status of compliance with the labour law in the factories where the programme operates. The findings are based on ILO-BFC factory assessment repo

In 2016/17, world cotton acreage is expected to contract 1 per cent to 31 million hectares, however, average yield is projected to expand 5 per cent to 735 kg/ha, leading global output to grow 5 per cent to 23 million tons. According to ICAC, global cotton consumption is forecast to remain at 23.6 million tons in 2016/17 as low prices for competing fibres make cotton less attractive. “So, while mill use may remain stagnant, world cotton trade volume may increase 1 per cent to 7.4 million t

Enterprises in the textile and dyeing sector are struggling to find skilled laborers to carry out their expansion projects to cash in on opportunities from Vietnam’s stronger international integration, heard Vietnam Textile Summit 2016 in HCMC on June 29. Speaking at the second summit co-held by the Vietnam Cotton and Spinning Association (VCOSA) and Shanghai-based conference organizer ECV International, Truong Van Cam, vice chairman of the Vietnam Textile and Apparel Association (VITAS), sa

The upcoming release of official Chinese economic indicators will show the country maintained stable growth in the second quarter of 2016, UBS predicted in a report on Monday. The Swiss bank put China's Q2 growth at 6.7 percent year on year, flat with the first quarter. "Property sales may have moderated further and industrial production growth stabilized. Infrastructure investment likely stayed strong to offset downward pressures from still-weak private investment," it said. The foreca

Delegations from neighbouring Benin and Togo which included farmers, government officials, members of parliament and textile industry representatives visited Burkina to see for themselves how Bt. cotton has transformed the economy. Burkina Faso’s yields and farmers' incomes have risen, chemical use is down, and cotton and cottonseed oil have become major exports, after Burkina Faso's recent fiasco over Bt. cotton fibre length - and the decision by cotton companies to slow adoption while the issu

Textile sector triggers worry over the announcement by the Union Government in a special package which allow availing of duty drawback at ‘all industries rate’ for domestic duty paid inputs even when fabrics were imported under Advance Authorisation Scheme. As the generic permission of duty exemption to garments made of all fabrics will only result in even cotton fabrics getting dumped from abroad into the domestic market. Already, the textile mills that produce cotton fabrics and provide hug

Problems of farmers in Pakistan and other developing countries cannot be resolved as long as the farmers are made to compete with heavily subsidized cotton from major players. Pakistan’s Ambassador to the global trade body Dr Tauqir Shah while addressing the special session on cotton at World Trade Organization (WTO) in Geneva said that they call for a swift and speedy action which allows their cotton growers along with textile industry to fairly compete into the world market. At the WTO, Pak