The textile industry despite poor market conditions has done well as compared to other sectors on export front. India’s textile exports remained flat at $40 billion in 2015-16 which is lower than the target of $47.5 billion set by the government for textile and clothing, Union Minister Santosh Kumar Gangwar said after the inauguration of Technotex 2016 conference here. The industry experts said that the subdued trend in exports was due to recessionary trends in Europe and the US markets. In 2

The 2015-16 US cotton production estimate was reduced this month to 12.87 million bales, as indicated in the March 2016. Cotton Ginnings report, the US Department of Agriculture (USDA) has said. In 2014-15, the US produced 16.3 million bales of cotton. Upland production was placed at 12.44 million bales while the ELS crop was estimated at 430,000 bales. The USDA will release final 2015-16 production estimates on May 10. With starting stocks unchanged in April, this season's cotton supp

Burkina Faso produced 581,000 tonnes of raw cotton in the recently ended 2015/16 season, down 18 percent from the previous harvest and well short of its aim of a record crop of 800,000 tonnes, the national cotton association said on Friday. The Inter-professional Cotton Association of Burkina (AICB), which groups together the country's three cotton companies and the national cotton farmers union (UNPCB), said the drop in output was due to poor weather conditions. Seasonal rains arrived late.

The Odisha state government has decided to set up 19 common facility centres at different weaving clusters to give a fresh lease of life to handloom and handicraft sector. These centres will help weavers and craftsmen incorporate new and innovative designs in their work in tune with the market demand, said joint secretary, handlooms, textiles and handicrafts department, Raja Parija. At these centres, new designs, keeping in mind the demand of the global market, would be developed and then pr

Chinese Foreign Minister Wang Yi has commended Indian's economic growth said that his country was keen to boost investments in India by which the two countries can contribute significantly in helping the world economy by keeping up their growth momentum. “First of all, we both need to grow our own national economies. On this front, we want to commend India for doing a good job in promoting economic growth,” Wang told PTI in Moscow. Wang, who was in Moscow to attend Foreign Ministers' meeti

Burkina Faso, Africa's top cotton producer and the sole West African nation to venture into biotech farming, is dropping genetically-modified (GM) cotton on quality grounds. The world's 10th largest cotton producer, with four of its 19 million people dependent on the "white gold", Burkina Faso earlier this month said it was giving up Monsanto's GM Bt cotton because it had proved uneconomical. Burkina took up GM cotton in the 2000s in the hopes of bumping up returns on what was then its top e

Straight, skinny but a bit stretchy and loose in dirty blue -- that is going to be the latest in denim fashion worldwide, said designer and denim trend analyst Amy Leverton. So, Bangladeshi denim makers should focus on these design elements to grab greater market share in the West, added Leverton, speaking at the fourth Bangladesh Denim Expo that began yesterday at the International Convention City Bashundhara in Dhaka. The current trends will not disappear, as the upcoming trend is very s

Federal Minister for National Food Security and Research Sikandar Hayat Khan Bosan, during his meeting an Italian business delegation on Wednesday, said that to achieve better production, duties had already been brought down from 43 percent to 9 percent. However, Pakistan is considering to further decrease import duties on machinery in order to improve production of textiles and other leather apparels. The ministers expressed his desire and resolve to make the agriculture sector modern by

Readymade garment sector has called upon the National Board of Revenue to reduce tax at source to 0.3% from existing 0.6% on export of apparel products. It also requested the NBR to consider it to be the final settlement from the budget for fiscal year 2016-17. Representatives from Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Bangladesh Garments Accessories and Packaging Manufacturers and Exporters Association (BGAPMEA), Bangladesh Jute Goods Exporters Association an

A Swedish company, Sustainably Yours Ltd, has rolled out its leather products brand Sandlund/Hossain in the international markets. The firm that has operations in Bangladesh aims to establish an environment-friendly leather and leather goods production chain within three years. Civil Aviation and Tourism Minister Rashed Khan Menon inaugurated the brand at a ceremony at Nordic Club in Dhaka on Wednesday. Johan Frisell and Hanne Fugl Eskjær, ambassadors of Sweden and Demark, were also presen