The Punjab government has set a target of bringing 5.7 million acres of land under cotton cultivation this year with a production target of 9.5 million bales. "All resources will be used to ensure achieving these targets as cotton is an important crop in Pakistan's economy having 1.5 percent share in the gross domestic product," said Punjab Agriculture Minister Doctor Farrukh Javed as he chaired a meeting to review the cotton cultivation on Tuesday. He claimed that Pakistan stood fourth among co

Germany has slipped out of the top 10 most competitive economies in the world, falling two places to 12 from last year, a study by Swiss business school IMD showed on Monday. The study, based on a worldwide survey of 5,400 managers assessing 342 criteria, showed that a diminished assessment of Germany's government and the economy's performance were the main reasons for the drop, IMD director Arturo Bris said. "The biggest danger for Germany is self-satisfaction," Bris said. "If it rejects

100% man-made fibre yarns export from India was valued at US$16.95 million in April 2016, up 10.7% YoY while volumes were at 6.62 million kg, up 13.8% per cent as compared to the same month last year. The total volume comprised 3.43 million kg of polyester yarn, 2.49 million kg of viscose yarn and 0.69 million kg of acrylic yarn. Polyester yarn exports were up 25.1 per cent in value while viscose yarn exports value were up 29.7 per cent during the month. Acrylic yarn exports saw a drastic plu

EFI Reggiani, a leading high-quality printers for fashion and home furnishing textiles will present its latest innovations for eco-friendly printing technology at the ITM 2016, Istanbul in hall 8, booth 807A from June 1-4, 2016. All-In Green is EFI Reggiani's latest technological development and features the new EFI Reggiani ReNOIR ONE-600 printer. The ONE-600 model offers improved print quality with new ink feeding and recovery systems, superior imaging resolutions for efficient, high quali

cotton yarn production grew by 2 per cent to 4,136 million kg in FY2016, which is the slowest pace of growth during the last four years, professional investment information and credit rating agency ICRA has said. In its update on India's spinning sector, it pointed out that earlier, cotton yarn production had grown by 14.6 per cent, 9.6 per cent and 3.2 per cent respectively in FY2013, FY2014 and FY2015. Further, as 3/4th of India's spun yarn production is cotton-based, the growth in total sp

Handloom and powerloom weavers in Tamil Nadu will now benefit from free power supply. One of the first decisions that Chief Minister J Jayalalithaa took after being sworn in for a second consecutive term, was to announce free power in different slabs for both domestic and industrial customers. While handloom weavers will get 200 units of free power, powerloom weavers will get 750 units without being charged. The Tamil Nadu Power loom Federation has thanked Jayalalithaa for the free power s

Exports of textile and clothing fell eight per cent to $10.4 billion during the first 10 months (July-April) of this fiscal year from $11.3bn a year ago, the Pakistan Bureau of Statistics said Monday. The exports stood at $1.03bn in April, a fall of 3.5pc compared to $1.07bn in the same month of the last year. Exports of the value-added textile sector, after increasing for a few consecutive months, also dropped. The textile and clothing sector has been facing chronic energy shortage and

US cotton demand, including mill use and exports, is expected to increase 12 per cent to 14.1 million bales in 2016-17, as exports are projected to rebound, the US department of agriculture (USDA) said in its latest report. In 2015-16, the limited supplies—particularly of higher quality cotton—and sharply lower imports by China reduced demand to a 30-year low. For 2016-17, exports will continue to account for the majority of US cotton demand at 10.5 million bales, accounting for 74 per ce

For the second consecutive season, global cotton consumption will expand slightly and surpass production in 2016-17, according to the initial projections by the US department of agriculture (USDA). Compared to world cotton production forecast of 104.4 million bales in 2016-17, cotton mill use is projected at 110.8 million bales, the USDA said. After a slight decrease in 2015-16, world cotton mill use is projected to rebound due to modest growth in global gross domestic product (GDP) and t

In Ethiopian textile and apparel sector, presently there are 60 companies, out of which 32 are foreign companies are operating. In the past nine months the Ethiopia’s textile export earning has shown significant decline by generating only USD 65 million against the set target of USD110 million for the period. Commenting on the issue Taddese Haile, State Minister for Industry, said that the slip was because of low performance, failure to expand market and business administrative issues of larg