PHMEA demands abolition on import duties and taxes on polyester yarn

News Tags: account for 30 percent, compete in international market, demand abolish all duties and taxes, import of polyester yarn, imposed total duties and taxes, including anti-dumping duty, Pakistan government, PHMEA, polyester-based sportswear industry of Sialkot

Karachi
PHMEA demands abolition on import duties and taxes on polyester yarn
Summary: 
The Pakistan government had recently imposed total duties and taxes, including anti-dumping duty, account for 30 percent on the import of polyester yarn making it difficult for the polyester-based sportswear industry of Sialkot to compete in the international market.

The Pakistan government had recently imposed total duties and taxes, including anti-dumping duty, account for 30 percent on the import of polyester yarn making it difficult for the polyester-based sportswear industry of Sialkot to compete in the international market.

The Pakistan Hosiery Manufacturers and Exporters Association (PHMEA) central chairman Khurram Anwar Khawaja expressed concern over increasing taxes on the import of polyester yarn, saying the step has directly affected the sportswear industry.

https://nation.com.pk/14-Jan-2018/body-flays-taxes-on-polyester-yarn-imports
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Tamil Nadu textile companies concern over surge in cotton prices

News Tags: began last year, grappling with inflated raw material costs, impacts manufacturing competitiveness, increase in raw material prices, international export market, populated by cheaper goods, struggle to hold positions, Tamil Nadu based yarn and garment manufacturers, worry over rising cotton rates

Chennai
Tamil Nadu textile companies concern over surge in cotton prices
Summary: 
Tamil Nadu based yarn and garment manufacturers who are grappling with inflated raw material costs as they struggle to hold their positions in the international export market has started to worry over the rising cotton rates that began last year.

Tamil Nadu based yarn and garment manufacturers who are grappling with inflated raw material costs as they struggle to hold their positions in the international export market has started to worry over the rising cotton rates that began last year.

An increase in raw material prices impacts manufacturing competitiveness, making Tamil Nadu's exporters vulnerable in the global market now populated by cheaper goods from Bangladesh, Vietnam and Cambodia.

https://economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/rising-cotton-rates-spook-tamil-nadu-textile-companies/articleshow/62535254.cms
0

Merlin targets to come back on the map as one of biggest textile giant

News Tags: bring back Merlin on the map, Bulawayo based textile company, flood local market, making inroads to open up export markets, Merlin, next few months, one of the biggest textile giant in Zimbabwe, primarily targets, resumed operations this year, Southern African Development Community region

Africa
Merlin targets to come back on the map as one of biggest textile giant
Summary: 
Merlin, Bulawayo based textile company, which resumed operations this year, primarily targets to bring back Merlin on the map, as one of the biggest textile giant in Zimbabwe and the Southern African Development Community region.

Merlin, Bulawayo based textile company, which resumed operations this year, primarily targets to bring back Merlin on the map, as one of the biggest textile giant in Zimbabwe and the Southern African Development Community region.

In the next few months it will flood the local market with its products and at the same time making inroads to open up export markets, the company’s judicial manager, Cecil Madondo of Tudor House said.

https://www.thezimbabwedaily.com/news/176063-merlin-resumes-operations-eyes-export-market.html
0

Patanjali to roll out its textile portfolio around Nov 2018

News Tags: around Diwali this November 2018 or positively by January 2019, e-commerce platform, Haridwar to har dwar, Indian market, larger scale, leading e-retailers, Patanjali Group, Patanjali Paridhan, plans to roll out, started working on textile front, textile portfolio

New Delhi
Patanjali  to roll out its textile portfolio around Nov 2018
Summary: 
Patanjali Group have started working on the textile front – Patanjali Paridhan on a larger scale and plans to roll out its textile portfolio in the Indian market by around Diwali this November 2018 or positively by January 2019, Baba Ramdev, promoter of Patanjali Group said on Tuesday in an interaction with media persons.

Patanjali Group have started working on the textile front – Patanjali Paridhan on a larger scale and plans to roll out its textile portfolio in the Indian market by around Diwali this November 2018 or positively by January 2019, Baba Ramdev, promoter of Patanjali Group said on Tuesday in an interaction with media persons.

The textile portfolio will have around 3,000 products ranging from kidswear to yogawear and sportswear. It will also have ladies wear and gents wear, and along with it will come accessories and footwear.

http://www.hindustantimes.com/business-news/patanjali-to-launch-textile-portfolio-comprising-clothing-line-footwear-around-nov/story-MnLQv3ljtecsutbXISQ1iM.html
0

Chinese firm to set up textile plant investing USD 220 mn in Ethiopia

News Tags: Chinese firm Wuxi No. 1 Cotton Mill, cornerstone laying ceremony, DDIP, eastern city in Ethiopia, inside Dire Dawa Industrial Park, investment of USD 220 million, setting up textile plant

Addis Ababa
Summary: 
Chinese firm Wuxi No. 1 Cotton Mill will be setting up textile plant which will lie on 40 hectares of land inside Dire Dawa Industrial Park (DDIP), eastern city in Ethiopia with an investment of USD 220 million. Dire Dawa major’s office stated.

Chinese firm Wuxi No. 1 Cotton Mill will be setting up textile plant which will lie on 40 hectares of land inside Dire Dawa Industrial Park (DDIP), eastern city in Ethiopia with an investment of USD 220 million. Dire Dawa major’s office stated.

The cornerstone laying ceremony for the textile plant was held on Tuesday. The construction of the textile plant will take 30 months and is expected to employ 3,000 Ethiopians once commissioned.

0

YiwuTex 2018 in May promotes smart and sustainable textile development

News Tags: and International Textile Expo, Exhibition on Sewing & Automatic Garment Machinery, garment & printing industries, including Exhibition on Knitting & Hosiery Machinery, knitting, Textile Printing Industry Fair, YiwuTex 2018, Zhejiang textile

Mumbai
Summary: 
The China Yiwu International Exhibition on Textile Machinery (also known as YiwuTex) has been successfully held for 18 editions and accumulated rich network resources, large customer base and high market value. The 2018 edition will be renamed as "China Yiwu International Textile Fair" and held at Yiwu International Expo Centre (Hall East 1 and 2) from 17-19 May 2018. The show will be jointly organized by Adsale Exhibition Services Ltd., Yiwu China Commodity City Exhibition Co., Ltd. and Jinhua Printing Industrial Association to present 4 thematic zones catering to knitting, garment & printing industries, including Exhibition on Knitting & Hosiery Machinery, Exhibition on Sewing & Automatic Garment Machinery, Textile Printing Industry Fair, and International Textile Expo.

The China Yiwu International Exhibition on Textile Machinery (also known as YiwuTex) has been successfully held for 18 editions and accumulated rich network resources, large customer base and high market value. The 2018 edition will be renamed as "China Yiwu International Textile Fair" and held at Yiwu International Expo Centre (Hall East 1 and 2) from 17-19 May 2018. The show will be jointly organized by Adsale Exhibition Services Ltd., Yiwu China Commodity City Exhibition Co., Ltd.

0

Bangladeshi yarn makers hit as Indian cotton traders halt shipment

News Tags: Bangladesh imports, Bangladesh Knitwear Manufacturers and Exporters Association, Bangladeshi yarn makers, blow to apparel exports, forty six percent of natural fibre, from India spending about $3 billion a year, Indian traders, local consumption, negatively affected, rally in domestic prices, rising rupee, sudden cancellation of cotton shipment

Dhaka
Bangladeshi yarn makers hit as Indian cotton traders halt shipment
Summary: 
Bangladesh imports 46 percent of natural fibre from India spending about $3 billion a year for local consumption. With the sudden cancellation of shipment of 400,000 bales of cotton by Indian traders, after a rally in domestic prices and the rising rupee, the Bangladeshi yarn makers will be negatively affected which could deal a blow to apparel exports, said the industry insiders.

Bangladesh imports 46 percent of natural fibre from India spending about $3 billion a year for local consumption. With the sudden cancellation of shipment of 400,000 bales of cotton by Indian traders, after a rally in domestic prices and the rising rupee, the Bangladeshi yarn makers will be negatively affected which could deal a blow to apparel exports, said the industry insiders.

Abdul Hai Sarker, chairman of Purbani Group, said that their company imports 30,000 bales of cotton a year, 15 percent of which is from India.

http://www.thedailystar.net/business/yarn-makers-suffer-indian-cotton-traders-halt-shipment-1520626
0

Slow trading activity witnessed at cotton market

News Tags: current major issue, global cotton prices, Import prospects are also diminishing, KCA, midst of short supply of quality lint, prices remaining steady, risen considerably, rising demand, slow trading activity, spot rate, Textile Industry, witnessed at cotton market

Karachi
Slow trading activity witnessed at cotton market
Summary: 
Slow trading activity witnessed at the cotton market with prices remaining steady in the midst of short supply of quality lint which is the current major issue with rising demand from textile industry.

Slow trading activity witnessed at the cotton market with prices remaining steady in the midst of short supply of quality lint which is the current major issue with rising demand from textile industry.

Although many exporters of home textiles who participated in the recently concluded Heimtextil, Frankfurt trade fair returned with good number of orders from European, US and Middle Eastern buyers but this did not reflect in cotton trade.

Import prospects are also diminishing because India itself is faced with short crop while global cotton prices have also risen considerably.

https://www.dawn.com/news/1383177/commodities-slow-trading-on-cotton-market
0

Biggest textile, clothing city to come up in 18 months in Egypt

News Tags: announced start of the building procedures of the city, biggest city for textiles and clothing, contain 568 factories, Egypt plans to set up, Egypt’s Minister of Industry and Foreign Trade, implemented by Chinese company, on a land space in Al-Sadat city, paid capital to be invested during seven years, project will have five phases, Tarek Kabil

Cairo
Biggest textile, clothing city to come up in 18 months in Egypt
Summary: 
Egypt plans to set up the biggest city for textiles and clothing on a land space of 3.1 million cubic meters in Al-Sadat city. Egypt’s Minister of Industry and Foreign Trade Tarek Kabil in the presence of President AbdelFatah al-Sisi during his visit to Al-Sadat city announced the start of the building procedures of the city.

Egypt plans to set up the biggest city for textiles and clothing on a land space of 3.1 million cubic meters in Al-Sadat city. Egypt’s Minister of Industry and Foreign Trade Tarek Kabil in the presence of President AbdelFatah al-Sisi during his visit to Al-Sadat city announced the start of the building procedures of the city.

President Sisi announced that the government is ready to execute 50 percent of this project to speed up its implementation in a period of 18 months instead of seven years.

https://www.egypttoday.com/Article/3/40199/Egypt-to-build-biggest-textile-clothing-city-in-18-months
0

TIDITSSIA to set up a mini textile park at Manapparai soon

News Tags: and sales, common facility centres, design ideation, establishment of MTP, hub for minor readymade manufacturing units, pitched for mini textile park, shown few locations in Manapparai area, substantial government subsidy, TIDITSSIA, Tiruchirapalli District Tiny and Small Scale Industries Association, training

Tiruchirapalli
TIDITSSIA to set up a mini textile park at Manapparai soon
Summary: 
The Tiruchirapalli District Tiny and Small Scale Industries Association (TIDITSSIA) who had pitched for the mini textile park, a hub for minor readymade manufacturing units has been shown a few locations in Manapparai area for establishment of a mini textile park (MTP) with substantial government subsidy.

The Tiruchirapalli District Tiny and Small Scale Industries Association (TIDITSSIA) who had pitched for the mini textile park, a hub for minor readymade manufacturing units has been shown a few locations in Manapparai area for establishment of a mini textile park (MTP) with substantial government subsidy.

N. Kanagasabapathy, TIDITSSIA president, said that the location of the MTP with common facility centres for design ideation, training, and sales in Manapparai area will be ideal for the development of the readymade garments business in Puthanatham town.

http://www.thehindu.com/news/cities/Tiruchirapalli/mini-textile-park-at-manapparai-soon/article22447036.ece
0
 
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