Export value of the domestic leather and footwear industry could grow between 15 per cent and 20 per cent this year due to opportunities from free trade agreements (FTAs). At a conference on production, export and import of leather and footwear in Ha Noi yesterday by the Viet Nam Leather and Footwear Association (Lefaso), Deputy Minister of Industry and Trade Ho Thi Kim Thoa said signing of negotiations on the Trans Pacific Partnership (TPP) deal and other FTAs would present more opportunitie

Northwest China's Xinjiang Uygur Autonomous Region plans to send 500 management staff and between 10,000 and 20,000 workers to train at inland textile and garment enterprises this year. After the training, they will return to Xinjiang to help boost the development of the textile and garment industry in the region, a leading producer of top-quality cotton in China. Xinjiang has sent 300 entrepreneurs and management staff, about 70 percent of whom are from ethnic minority groups, to receive

1 million textile jobs to be created by 2023 in the autonomous region The Youngor cotton spinning factory is one of the biggest employers in Aksu, an agricultural town on the edge of the Taklamakan desert in the Xinjiang Uygur autonomous region. Youngor, one of China's largest shirtmakers, opened the plant in 2011 to be closer to the main cotton-growing region in the Xinjiang region. Soon it will be joined by others: China wants to create 1 million textile jobs in Xinjiang by 2023. A

Stressed assets worth thousands of crores in textiles sector posing a threat to the banking system have eased over past few months due to favourable policy suport from the government, industry experts said. At a deliberation on the 'Investment opportunities in Maharashtra in textiles sector' in Make in India summit here on Sunday, Dilip Jiwrajka, Managing Director of Alok Industries, said, "Stressed assets were created due to high interest rates. In early nineties, lots of investments were ma

AS the federal government and farmers mourn losses of the current cotton crop, the policymakers in Punjab are now more worried about the next one. According to some estimates, the province is running the risk of losing another 15-20pc area as growers are opting for alternative crops. The fears were reinforced by a recent meeting where cotton growers counted the factors leading to current crisis and sought solutions from the provincial policymakers. Out of five reasons for crop failure, a

In the last quarter of 2015, Italian textile machinery manufactures received a boost from their export markets, but in domestic markets, positive order trends received a setback. As per an Association of Italian Textile Machinery Manufacturers (ACIMIT) press release, the orders index for textile machinery grew during the fourth quarter of 2015, mainly due to a boost in exports. Based on the survey conducted by ACIMIT, during October-December 2015, the order intake for machinery manufacture

Cotton markets in India continued to reel under demand pressure. Weak demand from mills remained sluggish pushing cotton prices down by about 3% or INR1,000 per candy of 355 kg over the week. According to reports, prices also declined due to poor export demand. Cotton exports in December were good but reversed in January, giving back the fibre to domestic mills. Traders believe that prices will decline further by another INR500 a candy in coming weeks. Cotton was ruling at INR33,200-33,500 pe

Wool prices held firm at New Zealand wool auction even though Chinese buyers were not present due to the Chinese Lunar New Year holiday this week. China is the largest export market of New Zealand. At the auction, some 83 percent of the 12,024 bales of wool offered were sold. The price for clean 35-micron wool, a benchmark for crossbred wool used for carpets and accounting for the majority of New Zealand's production, advanced to $5.81 per kilogram at the combined North and South Island wool

The largest producer of cotton in the world finds that its exportable goods are becoming uncompetitive in the face of the raw materials in India available for the manufacturing of these goods turning out to be costly. Currently, the raw materials are available at marginally higher prices in local markets than the prevailing prices in the international markets. Hence, the textile industry has urged the government to make cotton available for textile mills at prices cheaper than the prevail

Turkey after a more than year-long review, dealing a potential blow to the world's No 3 grower of natural fibre amid concerns Ankara could resort to anti-dumping duties as US cotton imports are damaging their domestic output. The Economy Ministry in an interim investigative report stated that cotton imports originating from the United States have caused material damage to their local production. US and Turkish traders are invited to send in responses to the report by February 24, a ministr