Sri Lankan textile major Textured Jersey Lanka PLC (TJ) recently signed a Memorandum of Understanding (MoU) with the University of Peradeniya (UoP) to expand the smart textile segment of the industry. The company will fund research on the development of advanced textile materials, conducted by an expert research team appointed by UoP, it said in a press release. The exercise has a long-term goal of taking the textile industry in Sri Lanka and the region to the next level. TJ will use the rese

The government has asked the Central Institute for Cotton Research (CICR) to develop non-hybrid Bt cotton variety. With US-based seed giant Monsanto under fire in India over monopoly concerns, the government has expedited work to bring out a local genetically-modified version of cotton seed by next year, according to a PTI report. "The Central Institute for Cotton Research (CICR) has been doing research in GM cotton for quite some time now. In a recent meeting, the issue was discussed and

Trans-Pacific Trade Partnership likely to have serious implications on the textile sector, besides hitting garment exports to the US, the Indian Texpreneurs Federation has approached the government to take a closer look at the possible impact on the textile sector. In a letter to the Commerce Minister Nirmala Sitharaman, ITF Secretary Prabhu Damodharan reasoned that exporters from TPP member countries will get preferential access in the US market while non-members like India will lose out, es

China is encouraging its provinces and businesses to engage more with the western Nigerian state of Kwara, said the Chinese Ambassador to Nigeria Gu Xiaojie when meeting with the state governor in March. Also, the Vanguard newspaper of Nigeria quoted Gu as saying China will prioritize its relationship with the textile sector in the Kwara state, which is developing a textile industrial park. With the oil industry as a major pillar of the economy, plunging oil prices mean the most populous

The Punjab-based textile industry has thanked to the government for 24/7 gas supply on affordable price. The millers are appreciative of the Prime Minister Nawaz Sharif, Chief Minister Punjab Shehbaz Sharif and the Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi for bringing the cost of doing business down in Punjab by supplying Re-gasified Liquid Natural Gas (RLNG). In order to honour the efforts made by the Sui Northern Gas Pipelines Limited, the Punjab chapter of

Textile companies of Swaziland which were hard hit by the loss of the lucrative duty free market under African Growth and Opportunity Act (AGOA) of the US Government, have found another preferential market that is ready for textile products. The market was opened on April 1, 2016 when the Preferential Trade Agreement between MERCOSUR and the Southern African Customs Union (SACU) entered into force, the Times of Swaziland has reported MERCOSUR is South America's leading trading bloc. Known

Chinese conglomerate Jiangsu Sunshine Group plans to make investment of $350 million to set up a textile plant in Ethiopia in a bid to boost the country’s textile industry as the textile industry is believed to be a bridge for economic development and making Ethiopia Africa's textile industry hub. The plant will be located in the industrial park of the city of Adama which will produce 10 million meters of worsted wool fabrics and 1.5 million finished parts. The project has been announced a

The 10th Fashion Pakistan Week 2016 spring summer is becoming an opportunity to bridge between fashion houses and international buyers as the fashion industry of Pakistan is gaining popularity among the international textile buyers as the attendance of international buyers from all over the world increasing. The line-up for Day 2 included collections by the talented designer Zaheer Abbas, Jafferjees, textiles giant Gul Ahmed, men’s wear guru Amir Adnan, Huma Adnan, creative Nauman Arfeen, yo

The textile-garment sector in developing countries may easily fall into a low-productivity trap and be stuck there if appropriate strategies and policies are not adopted to help it to get out of the trap, Indonesian economist Gatot Arya Putra. Putra said at a conference in HCMC last week that many developing countries have competed with one another for the low value part of the global value chain for the textile-garment sector. As a result, laborers in the sector are offered low wages that ar

In an otherwise slow trading on the cotton market on Friday, the first advance deal of phutti (seed cotton) from next crop (2015-26) was reported from Sindh. The undertone remained firm but outlook was uncertain. The last three days’ brisk activity was no more evident as buyers withdrew to the sidelines on higher asking price by ginners. It is a temporary withdrawal from buyers as they do not want prices to move higher, brokers said. Cotton analyst Naseem Usman said the market should have