The strategy advocates construction of local industry, especially the agro-processors. “We urge the government to adopt the strategy to develop and support cotton consuming industries,” TEGAMAT Vice President Sylvester Kazi said in Dar es Salaam, advising the government to use the strategy to implement the second five year development plan. He was speaking at the official launch of leather, sunflower oil, cotton to clothing strategies and value chain roadmap. The strategy is a fit all to the

The textile sector, which posted a marginal drop in exports at USD 40 billion in 2015-16, may see further slowdown in outbound shipments in the absence of adequate policy support, an industry body said. "The government needs to give greater priority to the needs of the textile sector and recognise its huge potential by giving timely impetus in terms of policy support. "Some of the issues relating to exports such as cost of funds and adverse impact of preferential access given to competin

Uganda's Southern Range Textiles Limited, which bought NyanzaTextileIndustries Limited (NYTIL), has said it has started importingcottonfrom Tanzania because local production is not enough to meet its requirement. William Okello, logistics manager of Southern Range Textiles, told journalists during the installation of new machines at the factory recently, that Uganda's cotton production which originally stood at 100,000 bales per annum, has plunged to 80,000 bales while the demand for cotton h

Mohit Industries Limited, a leading Indian manufacturer of fabrics and texturised yarn, is currently implementing an expansion project at its existing unit at Kim, near Surat. “The company has received sanction for term loan of Rs 18 crore for expansion project of Rs 24 crore,” Mohit Industries informed BSE. Construction work for first phase will be completed by end of this month and installation of machinery is expected by next month, the filing said. With this expansion,polyester draw

Producers of export quality garments are facing a reduction in orders, according to the Viet Nam Textile and Apparel Association (VITAS). Vu Duc Giang, VITAS chairman, said they were considering moving export garment orders from Viet Nam to Cambodia, Laos, and Myanmar, because customers of those countries would join the preferential export tax when exporting to the United States (US) and Europe. Meanwhile, the Trans-Pacific Partnership Agreement (TPP) and Viet Nam-European Free Trade Agree

CHINA’S economy will grow by around 6.7 percent in the second quarter of 2016, on par with that recorded in the first quarter, a leading think tank said in a report yesterday. The State Information Center, an institution affiliated with the National Development and Reform Commission, predicted that with infrastructure investment and the real estate sector gaining steam, the Chinese economy is likely to stabilize in the next six months. The country’s economy grew 6.7 percent year on year in

A total of 26 Italian textile machinery manufacturers has announced their participation in the forthcoming roadshow in Iran organised by the Italian trade agency, association of Italian textile machinery manufacturers (ACIMIT) and supported by the ministry of economic development, from May 22-30, 2016. The textile machinery roadshow in Iran will witness textile machinery manufacturers taking part in a series of technology symposia programmed in country's major cities. The roadshow aims to pro

India’s cotton export is expected to drop by over 10 per cent to 6 million bales in the current year ending September due to rise in domestic prices which have made the fibre uncompetitive in the global market. In the 2014-15 marketing year (October-September), India had exported 6.7 million bales (of 150 kg each). Bangladesh, Pakistan and Vietnam were among the major export destinations. "So far, we have exported 5 million bales. No further exports are taking place now because global pric

Bangladesh export earnings have seen a 9.22% rise to $27.63 billion in first ten months of the current fiscal year, riding on the ready-made garment sector. RMG sector, the life line of the country’s export and highest foreign currency earner, however, posted over 10% growth to $22.64, which was $20.56 a year ago. According to the data of Export Promotion Bureau (EPB) released yesterday, in July-April period of FY’15-16, the overall export earning posted a 9.22% growth to $27.63, which was

The textile industry has identified serious distortions in the electricity tariff resulting in the build-up of billions of rupees per month of unpaid refunds, making the industry unsustainable. In a letter to the National Electric Power Regulatory Authority (Nepra), the All-Pakistan Textile Mills Association (Aptma) has pointed out that the existing scheme of power tariff was not only creating problems for consumers, particularly the industry, but also the distribution companies. The Aptma