The Textiles Ministry plans to increase exports to $ 50 billion in the next one year, Union Minister for Textiles K. Sambasiva Rao said here on Thursday. The country exported textiles worth $ 34 billion during the 2012-13 financial year. Higher exports this year would help narrow the current account deficit. There is a worrying surplus of imports compared to exports, he said at a news conference on Thursday. The State’s garment industry, a dominant exporter, had contributed precious for

DHAKA: In April this year, wearing apparel production in India rose 86.6% against contraction of 10.3% in same month of 2012. At the outset, it may seem that a rebound of India`s garment production as well as overall textile exports in April is somehow connected to a collapse of an eight-storey commercial building Rana Plaza in Bangladesh. The link seems obvious since India might become a dominant export player if preferential tariffs are not given to textile exports from Bangladesh by the Un

Only one in 10 garment factory buildings inspected by engineers from a top Bangladesh university were structurally sound, underlining the scale of safety problems for the world's second-biggest clothes producer, the head engineer said Friday. Building owners rushed to request engineers check their buildings in the wake of the collapse of the nine-storey garment factory building in April that killed 1,129 people, Bangladesh's worst industrial disaster. Six buildings, housing garment factorie

Textile Raw Material Price 2013-07-05 Item Price Unit Fluctuation Date Oil WTI 98.06 USD/Barrel 1.51 2013-07-05 PX 1438 USD/Ton 0 2013-07-05 PTA Buy 7700 RMB/Ton 0 2013-07-05 PTA Sell 1060 USD/Ton 0 2013-07-05 MEG Buy 7140 RMB/Ton 0 2013-07-05 MEG Sell 972 USD/Ton 10 2013-07-05 CPL Buy 18300 RMB/Ton 0 2013-07-05 CPL Sell 2360 USD/Ton -10 2013-07

Summer Beauy – Toni Garrn continues her association with H&M for one of the Swedish fashion retailer’s summer 2013 campaigns. The German beauty has fronted marketing materials for H&M since early 2012. Honer Akrawi snapped Toni wearing flirty new season apparel for the famously affordable fashion chain’s latest advertising blitz. Source: Fashion Gone Rogue.

The humble sweatshirt has been reborn as a high fashion statement piece for both men and women, striking a chord with consumers and offering fashion businesses unmistakable commercial opportunities. Elena Perminova and Miroslava Duma | Photo: Tommy Ton Once reserved for the gym and lazy weekends, the humble sweatshirt has emerged as a high fashion hero piece for both men and women, regularly appearing on top tier runways and consistently selling out at luxury retailers. But these a

Italia Independent, the sunglasses and quirky apparel brand founded by Lapo Elkann, grandson of the late Fiat patriarch Gianni Agnelli, went public in Milan AIM platform for small cap on 28th of June. Near a week after the flotation, Elkann already thinks of taking over the larger Milan’s market. Italia Independent went public at 26 euros per share, valuing the company at 57.5 million euros. The stock, listed on Milan's AIM platform for smaller companies, has been trading at rise, in the region

According to the latest data published by the US Department of Commerce, imports of textiles and apparel rose during May by 9.3% from the previous month, to 4.797 billion square metre equivalents (SME). This was also 3.3% higher than the comparable figure in 2012. Cumulative imports during the first five months of 2013 increased to 22.136 billion SMEs, 3.78% higher than the year-earlier total (see accompanying table). The increase was mainly attributable to higher apparel shipments, which ros

The Cotlook A Index rose to 96.65 cents per pound around mid-June 2013 before receding to the low 90s cents level towards the end of the month. On June 12th, the USDA increased 2012/13 U.S. export estimate to 3 million tons due to continued strong sales to China, and lowered the estimate of 2013/14 U.S. production to 2.9 million tons due to drought in the southwest. The Cotlook A Index rose 2.90 cents per pound the following day. A week later, the Federal Reserve’s signal that it could s

After undertaking an in-depth programme of market research and interviews with stakeholders in various sectors, the organisers of the Intertextile Apparel Fabrics fairs have decided that Intertextile Beijing Apparel Fabrics will now be held in Shanghai starting in 2014 and will take place from 3 – 5 March. The fair will be renamed to Intertextile Shanghai Apparel Fabrics – Spring Edition and will be relocated to the Shanghai World Expo Exhibition and Convention Center. The Intertextile Shangha