Uzbekistan is the sixth-largest producer and third-largest exporter of cotton fiber in the world, with a production of 1.2 million metric tons of cotton fiber per year to get a large textile factory in the Karshi district of Kashkadarya province in Uzbekistan. As a Dutch company, LT Textile Cooperatief UA is organizing textile production and equip it with the latest technology and energy saving equipment. The textile company has started the construction of the new textile factory which is exp

Myanmar is to expand its textile and garment industry under the country's new national export strategy as a means to boost economic growth, with the sector's export earning targeted at 2 billion U.S. dollars for the 2015-16 fiscal year, official media reported on Tuesday. With foreign investment accounting for 90 percent, the sector created 100,000 job opportunities in 2014-15, according to the Myanmar Garment Manufacturers Association. The five-year national export strategy, which also co

Chairman APTMA S M Tanveer has said the textile industry of Pakistan has lost its viability against the regional competitors and it is no more competitive in the international market place. He said a latest study by the GHERZI/IBA has revealed that the manufacturing of 20s and 30s single cotton yarn is around 15% cheaper in India due to various factors availability of raw material of better quality and yield. The production efficiencies are higher due to the latest machinery replacement under

Pakistan is expected to not only get a major breakthrough in textile exports to China, but also opening of first Pakistani bank’s branch is also on the cards. A Pakistani delegation consisting of Secretary Ministry of Textiles Amir Khan Marwat and Director Kanwar Usman is on visit to China, and theses breakthroughs have been signaled by the Pakistani delegation. The agenda of Pakistani delegation is to hold meetings with the Chinese government on free trade agreement between the two countr

The Surat-based textile industry is witnessing an aggravated over supply situation with demand for textile products has been more or less stagnant since last six months. Inventories at textile units have risen by 20-30 per cent, say players. According to industry sources, economic slowdown coupled with liquidity crisis in the market has led to subdued demand for textile products from the city. Moreover, reduced demand has resulted in buyers keeping less stock with themselves leading to higher

Cotton exports from India, the world’s second-biggest producer and seller, are expected to fall 41 per cent to 7 million bales this crop year ending on Sept 30 as top buyer China curbs purchases, Textile Commissioner Kiran Soni Gupta said. India on Tuesday also lowered the production estimate to 39m bales from the previous forecast of 40m bales made in October. The prior export forecast was 9m bales for this season. China, the world’s largest cotton importer, accounts for more than 60pc of

Garment exports rose 3.16 percent year-on-year to $18.62 billion in the first nine months (July-March) of the current fiscal year, according to Export Promotion Bureau. Apparel exports have been on the rise as major markets like the US are showing positive signs, said Shahidullah Azim, vice-president of Bangladesh Garment Manufacturers and Exporters Association, the garment makers' platform. “We needed to grow by 10 percent every month to achieve the target of $27 billion garment export in

A Bank of China Ltd report has predicted China's economy to stabilize in the second quarter of this year, and GDP growth to rise from around 7 percent in the first quarter to 7.2 percent in the second. Zhou Jingtong, a senior economist with the bank's Institute of International Finance, said in the report on Monday that while the economy continues to slow, "we are seeing a series of positive changes emerging from the recent economic moves, such as the rapid growth of private investment and s

A sample survey conducted by National Cotton Market Monitoring System shows that by Feb. 2, the investigated enterprises have an average of 29.9 days of cotton inventory (including imported cotton arrived at port), an increase of 1.6 days month-on-month and a reduction of 7.1 days year-on-year. Based on relevant data, it is estimated that the nationwide cotton inventory of industries is about 661,000 tons, up 5.6% month-on-month and down 16.9% year-on-year. Fujian, Zhejiang and Sha'anxi province

The new Foreign Trade Policy (FTP) announced by the government on Wednesday has left the textile sector disappointed. "The government has fairly ignored the textile and clothing sector, the second-largest employment provider in the country and whose contribution to the country's growth has been well recognised by the Economic Survey. In terms of strengthening the manufacturing base, promoting exports and generating employment, the sector hasn't got its due in the FTP," said R K Dalmia, chairm