Textile and clothing export from India rose a marginal 5.4 per cent in 2014-15, despite unfavourable government policies, complain companies in the sector. According to The Cotton Textiles Export Promotion Council (Texprocil), textile and clothing export was $41.4 bn in 2014-15 as against $39.3 bn in 2013-14. “We require a level playing field in terms of interest rates, timely release of incentives and policy support as our competitors enjoy. Through basic manufacturing, we are very much comp

Belgium based carpet weaving machines producer Van de Wiele signed an agreement to purchase French company Superba along with its US subsidiary. According to a Van de Wiele press release, Superba a manufacturer of heat setting machines for carpet yarns has developed a unique and performing heat setting system based on saturated steam.“With 40 years of experience in the highly specialised field of yarns for tufted and woven carpet, Superba is providing advanced and competitive solutions with a c

Cone Denim (Jiaxing) Limited is a large-scale denim manufacturing enterprise located in Jiaxing Economic Development Zone, Zhejiang Province, which was jointly contributed by International Textile Group from USA and Novel Group from Hong Kong in 2005, then turning into US sole proprietorship in 2011, has announced that its Cone Denim Jiaxing (CDJ) facility has received OEKO-TEX® Standard 100 certification on selected denim products. The CDJ operation opened in 2007 has produced industry-lead

China's exports of textiles and apparel dropped 16.33% year-on-year to near US$ 19.88 billion in this April, but up 58.19% month-on-month, said the General Administration of Customs. The export of textile yarn, fabric and made-up goods amounted to about US$ 9.42 billion, down 10.76% year-on-year, but up 60.33% month-on-month; the export of apparel and accessories amounted to about US$ 10.46 billion, down 20.78% from a year earlier, but up 56.32% from the previous year. In January-April p

Finance Minister Ishaq Dar here on Saturday said that government wanted to strengthen the role of textile sector as the leading foreign exchange earner for the country for which joint efforts by the government and the industry itself were required. He made these remarks during an interactive session with representatives of the textile industry, considering their proposals for the budget 2015-16. Chairman FBR, Tariq Bajwa and Advisor Finance Division, Rana Assad Amin were also present. The

People touch specially woven Project Jacquard fabric, in the hands of a small Google team called Advanced Technology and Projects, to control lights or computer screens during a demonstration at Google’s annual developers conference in San Francisco, California on Friday. Google announced that it is working with iconic US jean maker Levi Strauss to make clothing from specially woven fabric with touch-screen control capabilities. — AFP photo Google announced Friday that it was working with ic

One of Sweden’s largest public-private partnerships, Sweden textile water initiative will expand to new countries in Asia and Africa after a successful pilot project in India. Through the initiative, 28 Swedish textile and leather companies have cooperated with Stockholm International Water Institute (SIWI) to catalyse a shift towards sustainable production globally, SIWI said on its website.To achieve this, the initiative has educated suppliers and sub-contractors to help minimize the use of w

The total volume of Egyptian cotton exports witnessed increase during the second quarter of the 2014-15 agricultural season, to reach 246,000 metric quintals, growth by 94.3 percent year-on-year, compared to 126,600 metric quintals exported in the same period during the last season, according to a Central Agency for Public Mobilization and Statistics (CAPMAS). Increase in export is attributed to the low Egyptian cotton prices due to the increased inventory of cotton since the previous season.

The government has planned to impose higher tax on export of apparel items for collecting more revenue from the sector, officials of the finance ministry said. They said that tax at source on export of RMG products might be increased to 1.5 per cent, five times higher, from the existing 0.30 per cent in the upcoming national budget for the fiscal year 2015-16. Tax at source at 0.30 per cent is set to expire next month as the government lowered the tax rate in April 2014 for 14 months fro

Bangladesh may emerge as an unlikely saviour for the Indian cotton sector that has been left reeling in the face of low Chinese imports. Indian cotton export is expected to fall to a six-year low as China continues to cut imports. According to government estimates, lesser cotton imports by China may lead to as high as 41 per cent drop in shipments from India this year. China had been the largest importer of Indian cotton in the last three years. Commerce minister Nirmala Sitharaman told the R