The textile exporters have been seeking review of India’s trade agreements like the Free Trade Agreements (FTAs) and Preferential trade Agreements (PTAs) to check decline in India's merchandise exports have been contracting for the last 15 months. India's 40% of the total exports are handled by the MSME sector which feels that it's the country's trade agreements which are not helping them much for competing globally. In India's merchandise exports, the top 20 categories account for four-fi

“The textile and apparel industry cannot be characterized as a low value-added industry because it possesses labor-intensive as well as high-value added segments,” it noted. The report confirmed that China remains the leading producer in all product categories but there are still pockets of opportunity for other countries to benefit from further globalization. Other countries have also benefited from production relocation away from China by investors, including Vietnam. From 2000 to 201

More than 1,000 enterprises from 24 countries worldwide flocked to Ho Chi Minh City to join the 28th Sai Gon Textile and Garment Industry Expo (Saigon TEX 2016) which opened in the city on March 30. The exhibition creates a golden chance for domestic garment companies to foster relations and investment oppertunities with foreign enterprises, while enhancing technology transfer to increase the rate of locally made content within garment products. Along with exhibiting products to potential

The government of northwest China's Xinjiang Uygur autonomous region has promised policies including rent-free factories and favorable loan deals to boost the local textile industry and create 11,000 jobs this year. Xinjiang will establish a fund for textile and garment companies to help them increase exports to central and western Asia, Russia and Europe, said Liang Yong, deputy secretary-general of the regional government. New companies from other provinces will be offered new rent-free

Qingdao city, Shandong province has planned to open a business incubator for textile enterprises, and it will be ready in less than two months, according to a report by Qingdao Daily on March 27. The incubator, named "Textile Valley" and located in the Shibei district, will be spread out in an area of 100,000 sq m, enough for up to 500 companies. The first phase of the project will be put into operation as early as mid of May, said the Human Resources and Social Security bureau. The incuba

The government on Monday revised the cash incentive scheme for the current fiscal year of 2015-2016, raising the rate of incentive for textile products export to the eurozone area and leather goods. Potato starch will also get 20 per cent cash incentive against export proceeds. Bangladesh Bank on Monday issued a number of circulars in this regard. According to a circular, the government increased the rate of cent cash incentive for export of textile products to the eurozone area to 6 pe

All Pakistan Textile Mills Association Chairman Tariq Saud has urged the government to immediately impose a 15 per cent Regulatory Duty on the import of man-made fibres (MMF), particularly polyester viscose yarn, polyester cotton yarn and pure polyester yarn. In a statement, he said an emergency meeting of the member mills was held at the Punjab office of the Association to review the import statistics of the MMF for domestic consumption, which has increased by four times in last four years a

Shandong Ruyi to buy control of SMCP, the French fashion group and owner of the Sandro and Claudie Pierlot brands at €1.3bn including debt. Sandro, Maje and Claudie Pierlot, which sell dresses priced at around €200, operate in the so-called accessible segment of the luxury market, enjoying solid demand among fast-growing middle classes, particularly in countries such as China. The deal, which is expected to be announced on Wednesday, would mark an abrupt reversal of plans for US private equit

At the Pakistan cotton market on Wednesday following the persistent demand by mills and spinners, witnessed improvement in the volume of business, dealers said. In Sindh, seed cotton prices were at Rs 2200-2400, and in Punjab prices were at Rs 2400 and Rs 2900. In the ready business, nearly 10,000 bales finalized between Rs 4750-5500. The official spot rate also remained unchanged at Rs 5,300. According to the market sources, volume of business improved as needy spinners indulged in panic

With the demand for synthetic fibres which includes nylon, acrylic and polyester continuing to increase in Zimbabwean market, cotton farmers are left with no choice but to brace for lower producer prices for the crop in the coming marketing season compared to the previous year. Synthetic fibres are the result of extensive research by scientists to improve on naturally occurring animal and plant fibres. In general, synthetic fibres are created by extruding fibre forming materials through spin