The West Bengal government has made an ambitious plan to attract around Rs. 37,000 crore in the State through 10 textiles clusters or parks. Chief Minister Mamata Banerjee on Monday said these proposed projects were planned to fetch a total estimated investment of more than Rs. 37,000 crore, which includes setting up of parks. These will provide employment to 6 lakh people. According to estimates, the development expenditure of these projects will be about Rs. 9,159 crore and investment in mo

Garment and footwear exports obtained an impressive growth in the first five months of this year, according to the Ministry of Industry and Trade’s latest report. Vietnam Garment and Textile forum 2015: big opportunities Q1 textile, garment exports fail to meet high expectations Foreign investors scampering for a share in garment industry In May, output of natural fabrics was estimated at 26.8 million sq.m, a year-on-year rise of 5.5% while that of synthetic fabrics dipped 4.9% to

Ludhiana-based Bhandari Hosiery Exports (BHE) plans to set up a new line of multi faceted fabric manufacturing units at its existing location to support its future growth in textile production business. Focusing largely on exports of garments with expertise in T-shirt, BHE plans to expand its presence in Europe and the United States that contribute around 70% of annual sales. The company plans to spend Rs 12-15 crore this year after Rs 22 crore spent to create similar capacity during the l

Textile Raw Material Price 2015-06-03 Item Price Unit Fluctuation Date Crude Oil WTI 61.26 USD/Barrel 1.76% 2015-06-03 Crude Oil Brent 65.49 USD/Barrel 0.94% 2015-06-03 PX 950 USD/Ton 4.86% 2015-06-03 PTA Buy 5100 RMB/Ton 3.03% 2015-06-03 PTA Sell 715 USD/Ton 0.7% 2015-06-03 MEG Buy 7250 RMB/Ton 0.69% 2015-06-03 MEG Sell 930 USD/Ton 0.54% 2015-06-03 CPL Buy

In the 2015/16 season, world cotton imports may recover modestly, increasing 2 per cent to 7.7 million tons with imports outside of China rising by 3 per cent to 6.1 million tons. In 2011/12, Chinese imports more than doubled from the previous season to 5.3 million tons and surpassed the total volume of imports by the rest of world, which reached only 4.4 million tons.“However, in the following seasons, Chinese imports declined while imports outside of China have grown steadily,” a press rele

The Group of Seven countries are in fundamental agreement that the Chinese yuan should be part of the IMF's international basket of reference currencies, but there is no need to rush, German Finance Minister Wolfgang Schaeuble said on Friday. "There are technical issues and not just technical ones" to sort out, Schaeuble told a news conference at the end of a meeting of G7 finance ministers and central bank governors in Dresden, Germany. "We are in full agreement on the goal, but it would no

Local cotton growers have expressed concern over the alleged permission given to some businessmen by the Punjab government to set up sugar mills in Channigoth area despite a ban, warning that it would affect economy in the “cotton belt”. Dawn has learnt that recently, with the permission of Punjab government, some influential businessmen have acquired more than 50 acres of land near Channigoth near Karachi-Lahore-Peshawar (KLP) highway in Tarinda Muhammad Panah area to set up sugar mills.

Paulino Vacas Jacques, the Mexican researcher approached the Social Innovation Park De La Salle in Guanajuato, center state in Mexico to acquire the state and federal tools for technology transfer which is said to revolutionize the textile industry. This step would help to convert the textiles which the researcher refers to as “smart textiles” which would have the ability retrieved from the technology to make bed sheets measure the hours a person slept. Vacas Jacques, who worked at the Mas

In the first quarter of this year, the textile industry of Xinjiang Production and Construction Corps (hereinafter referred to as Corps) maintained the recovery trend. It produced 44,100 tons of cotton yarn and 8.67 million meters of cotton fabric, up 5.2% and 11.6% year-on-year respectively, with the sales/output ratio up to 92.6%, up 1.3% year-on-year. In 2015, the textile industry is still facing many challenges, such as the new Environment Protection Law, new regulations on land use, ter

China and South Korea on Monday formally signed a free trade agreement that would remove most tariffs between Asia’s largest and fourth-largest economies, whose trade is already worth more than $200 billion. The pact — largely agreed in November and signed by the two nations’ trade ministers on Monday — aims to gradually remove tariffs on more than 90 per cent of traded goods within 20 years. China is the South’s top trading partner as well as the biggest export market, and two-way trade