Trading on the cotton market improved as needy spinners rushed back to replenish their stocks on Tuesday. However, buying pattern was more of short-term covering than building up of stocks. Market sources said that as the current season is drawing to a close, spinners are engaged in short-term requirements. The reports of better off-take in cotton yarn market also induced sentiment, brokers said. The rise in petroleum prices resulted in higher polyester yarn prices by up to Rs2 per kg also

Five years into talks for a free trade agreement (FTA) with Australia, India wants zero duty on textiles, automobile parts and fresh fruit. On its part, Australia is seeking tariff reduction in dairy products, fresh fruit, pharmaceuticals and wines. Commerce Minister Nirmala Sitharaman said on Monday that negotiations on FTA are progressing substantially and the two countries are probably “close to a deal”. Her comments came at a CII event in New Delhi. Sitharaman said she had met the Aust

An employee adjusts a thread on his mechanical lace-making machine called Leavers loom at the Desseilles Laces factory in Calais, northern France.[Photo/Agencies] Chinese leading textile company Yong Sheng, a Hangzhou-based privately owned enterprise, has acquired French lace producer Desseilles Laces SAS, one of the oldest lace producers in the country, for 300,000 euros ($341,300). Founded in 1993, Hong Kong-listed Yong Sheng sells its products to more than 60 countries and regions, and

The country’s export earnings in the July-March period of the financial year 2015-16 grew by 8.95 per cent to $24.95 billion from $22.90 billion in the same period of FY15, riding on an excellent performance of the readymade garment sector. Experts and exporters found the export earnings growth in the first nine months satisfactory and estimated that the government’s export target set for the current fiscal year would be achieved. They said the export earnings growth is mostly RMG-driven a

Cotton trading was listless on Monday as buyers and sellers generally remained on the sidelines. Ginners have very little quantity of stocks at present, especially of quality cotton. According to market sources, the latest report of phutti (seed cotton) arrivals issued by ginners’ body a day earlier has strongly indicated that crop size would not be more than 9.75 million bales this season. Consequently, it seems the ginners have adopted a wait-and-see policy in the hope of getting better

A new garment factory has been inaugurated in Kisumu county of Kenya, the country's media reported. The launch of the garment factory would provide an opportunity for many people to work in the apparel industry. It would also help those selling garments in open air markets and established shops. On the other hand many second hand clothes traders, who import their products from various countries abroad, would face a blow. “The initiative is set to benefit students from Kisumu national p

Stakeholders in Pakistan's cotton supply chain from farm to fabric have come together and constituted a Task Force (cotton) to seek a better deal for industry as a whole with Seth Muhammad Akbar of the All Pakistan Textile Mills Association (APTMA) Punjab as its first Chairman and Khawaja Tahir Mahmood of the Karachi Cotton Association (KCA) as its Vice Chairman. The members of the Task Force (Cotton), who were elected unanimously hail from the Farmers Associate Pakistan (FAP), Kissan Itteha

The Vietnamese textile industry currently ranks fourth globally in terms of size, behind textile giants China, India, and Bangladesh. With rapid expansion of textile industry, it stands a chance to become the world’s leading textile producer in the near future, said Le Tien Truong, general director of the Vietnam National Textile and Garment Group. According to Truong, for any country to become the world’s textile production center must be able to supply 10 percent or more of the global deman

Some prominent Indian designers from the fashion industry have taken the responsibility to promote hand crafted textile of the country after realizing that they have ignored the powerful legacy craftsmanship in a race to make their mark in the global market. Delhi-based designer Rajesh Pratap Singh, Pero by Aneeth Arora, Anupama Bose from Jaipur, Hemang Agarwal and Asif Shaikh used the platform of Lakme Fashion Week, to give these artisans the much needed respect and recognition, by collabor

Myanmar’s clothing industry is set to grow significantly in the coming years, it is predicted that that there could be up to 1.5 million jobs in the garment industry by 2020 compared with approximately 230,000 in mid-2015, and that garment exports could rise from US$1.5 million in 2014 to as much as US$12 billion in 2020, according to a report in the latest issue of Global Apparel Markets from the business information company Textiles Intelligence. The first Western brand to source from Myan