Tirupur garment exports likely to double in 3 years

Related Keywords: KTM, man-made, synethetic yarn product, Tirupur garment export

Coimbatore
Tirupur garment exports likely to double in 3 years
Summary: 
Tirupur , presently export garment worth Rs.18,000 crore if the forging of newer markets continued it likely to double its garment exports to Rs 36,000 crore in three years time. According to A Shaktivel, Chairman, Knitwear Technology Mission as there is a good demand for man-made and synthetic yarn product, he has urged the industry in Tirupur to get benefit of Knitwear Technology Mission (KTM).

Tirupur , presently export garment worth Rs.18,000 crore if the forging of newer markets continued it likely to double its garment exports to Rs 36,000 crore in three years time. According to A Shaktivel, Chairman, Knitwear Technology Mission as there is a good demand for man-made and synthetic yarn product, he has urged the industry in Tirupur to get benefit of Knitwear Technology Mission (KTM).

http://www.business-standard.com/article/pti-stories/tirupur-garment-exports-can-rise-to-rs-36-000-cr-in-3-years-114050901336_1.html
Textile Auxiliaries
0

Kolkata embroidery sector losing popularity over computerized embroidery machines used in Surat

Related Keywords: computeralized machine, Kolkata hand-embroidered sari, sari, surat embroidery sector

Surat
Kolkata embroidery sector losing popularity over computerized embroidery machine
Summary: 
Kolkata’s hand-embroidered saris started slowly losing its popularity since 2007 mainly due to f Surat's embroidery sector. Surat embroidery industry in 2006 imported computerized Schiffli and multi headed embroidery machines from China, Taiwan and Japan. With the help of these machine Surti embroidery manufacturers are able to allegedly copy and manufacturing low-cost look-alikes Kolkata’s exquisite sari designs.

Kolkata’s hand-embroidered saris started slowly losing its popularity since 2007 mainly due to f Surat's embroidery sector. Surat embroidery industry in 2006 imported computerized Schiffli and multi headed embroidery machines from China, Taiwan and Japan. With the help of these machine Surti embroidery manufacturers are able to allegedly copy and manufacturing low-cost look-alikes Kolkata’s exquisite sari designs.

Areas like Varachha, Katargam, Pandol, Ved-Road, Udhna and Pandesara have become the hub of embroidery sector in Surat.

Textile Auxiliaries
0

Pakistani textile earning during the nine months of FY14 sees a drop of 9 percent

Related Keywords: export oriented textile company, Pakistan textile sector, textile export

Karachi
Pakistani textile earning during the nine months of FY14 sees a drop of 9 percen
Summary: 
The Pakistani textile sector after performing well in the first half of the fiscal year with the appreciation in rupee by almost 6 percent against dollar in the third quarter of FY14 (Jan-Mar 2014), led to significant drop in profits of the export-oriented textile companies by 73 percent only in the third quarter of FY14.

The Pakistani textile sector after performing well in the first half of the fiscal year with the appreciation in rupee by almost 6 percent against dollar in the third quarter of FY14 (Jan-Mar 2014), led to significant drop in profits of the export-oriented textile companies by 73 percent only in the third quarter of FY14.

This significant drop in profitability in the last quarter eroded the overall earnings of the textile sector for nine months. Textile sector recorded a decline of 9 percent in earnings during the nine months (July-March) of FY14.

http://www.thenews.com.pk/Todays-News-3-249114-Textile-sector-profits-down-by-9-percent
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MIL out with fresh and vintage denim collection at its International Spring Summer 2015

Related Keywords: denim collection, denim manufacturing unit, denim production, Mafatlal group, Textile Industry

Mumbai
MIL out with fresh and vintage denim collection
Summary: 
With Indian denim fabrics market growing at a rate of about 8 to 12% compounded per annum. Mafatlal Industries Ltd, a flagship company of Arvind Mafatlal Group has recently increased manufacturing capacity of its denim unit located at Navsari in Gujarat from 20 million meters to 25 million meters and it plans to further take it to 30 million meters by 2015 and is out with Denim collection.

With Indian denim fabrics market growing at a rate of about 8 to 12% compounded per annum. Mafatlal Industries Ltd, a flagship company of Arvind Mafatlal Group has recently increased manufacturing capacity of its denim unit located at Navsari in Gujarat from 20 million meters to 25 million meters and it plans to further take it to 30 million meters by 2015 and is out with Denim collection.

http://www.moneylife.in/business-wire-news/mafatlal-industries-ltd-launches-its-international-spring-summer-2015-denim-collection/39187.html
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Textile ministry worried over the negative growth rate by handloom sector

Related Keywords: handloom product, Indian handloom sector, Ministry of textile, weaving

Mumbai
Textile ministry worried over the negative growth rate by handloom sector
Summary: 
Zohra Chatterji, Secretary, Ministry of Textiles has expressed serious concern over the negative growth witnessed in the handloom sector at the meet organised by the National Handloom Development Corporation under the aegis of Development Commissioner for Handlooms and supported by National Textile Corporation for establishing market linkages and capacity building.

Zohra Chatterji, Secretary, Ministry of Textiles has expressed serious concern over the negative growth witnessed in the handloom sector at the meet organised by the National Handloom Development Corporation under the aegis of Development Commissioner for Handlooms and supported by National Textile Corporation for establishing market linkages and capacity building.

The meet is organized to bring together weavers, designers and retail brands on one platform to exchange ideas and transact business.

http://www.thehindubusinessline.com/economy/handloom-sectors-negative-growth-worrying-says-official/article5993552.ece
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SVP group has chosen Ethiopia for setting up largest cotton mill

Related Keywords: cotton mill, cotton yarn, Ethiopia, Shri Vallabh Pittie group

Mumbai
SVP group has chosen Ethiopia for setting up largest cotton mill
Summary: 
Ethiopia’s huge potential for raw cotton, the availability of labor, power and water, fast economic growth and access to the international market has helped Shri Vallabh Pittie (SVP) Group, an Indian company decide on setting up largest cotton mill at the industrial zone in Kombolcha in Ethiopia. SVP chose Kombolcha because of its proximity to the cotton growing regions of Metema and Humera.

Ethiopia’s huge potential for raw cotton, the availability of labor, power and water, fast economic growth and access to the international market has helped Shri Vallabh Pittie (SVP) Group, an Indian company decide on setting up largest cotton mill at the industrial zone in Kombolcha in Ethiopia. SVP chose Kombolcha because of its proximity to the cotton growing regions of Metema and Humera.

The cotton mill will produce cotton yarn exclusively for export purpose. The construction of the project has already started from 2nd of May and should be fully operational by next year.

http://www.2merkato.com/news/alerts/2925-indian-company-to-build-africas-largest-cotton-mill-in-ethiopia
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Prices of premium quality lint lying unsold with ginners witness rise

Related Keywords: lint, Pakistan cotton market

Karachi
Prices of premium quality lint lying unsold with ginners witness rise
Summary: 
The premium quality lint which are lying unsold from the current crop with the ginners witnessed rise in prices by Rs.300 to Rs.400 per maund (37.32 kgs) within one week in the ready market. The current unsold crop is less than 3 lakh bales.

The premium quality lint which are lying unsold from the current crop with the ginners witnessed rise in prices by Rs.300 to Rs.400 per maund (37.32 kgs) within one week in the ready market. The current unsold crop is less than 3 lakh bales.

The unsold stock lying with ginners is likely to see reduction in the quantity from 3 lakh to 2.50 lakh bales by the middle of this month. Much of it is of lower quality. This year (2013-2014) Pakistan has produced about 13.5 million bales (155 kgs) of cotton on an ex-gin basis.

http://www.brecorder.com/cotton-a-textiles/185:pakistan/1181131:quality-cotton-attracts-buyers/
0

World Textile Awards launch with groundbreaking vision

Related Keywords: Adrian Dinsdale, CEO World Textile Awards, competition to textile industry, World Textile Award

Mumbai
World Textile Awards launch
Summary: 
The World Textile Awards have announced a call for entries for their launch year with a vision to bring a new kind of competition to the textile industry. Whilst there are many fashion awards and a number of niche industry competitions, the World Textile Awards are aiming to be the first truly independent and global competition dedicated to celebrating and rewarding the best companies across the entire industry.

The World Textile Awards have announced a call for entries for their launch year with a vision to bring a new kind of competition to the textile industry. Whilst there are many fashion awards and a number of niche industry competitions, the World Textile Awards are aiming to be the first truly independent and global competition dedicated to celebrating and rewarding the best companies across the entire industry.

www.worldtextileawards.com
0

Praedium acquires 90 pc of Montefibre Hispania acrylic plant in Spain

Related Keywords: acrylic plant in spain, Italian group Montefibre, Modaes, Montefibre Hispania, Praedium, Spanish textile and fashion magazine

Mumbai
Summary: 
Modaes, the Spanish textile and fashion magazine on 29 April reported that after a month and a half of negotiations Praedium acquired 90 per cent of Montefibre Hispania, Montefibre’s plant in Miranda de Ebro, Spain.

Modaes, the Spanish textile and fashion magazine on 29 April reported that after a month and a half of negotiations Praedium acquired 90 per cent of Montefibre Hispania, Montefibre’s plant in Miranda de Ebro, Spain. The Italian group Montefibre retains the remaining 10 per cent until bankruptcy proceedings for the Spanish plant are finalised.

The plant, which employed 250 people, is designed to produce 95 ktons of acrylic but has been closed for a year. Praedium, which already owns Nylstar and the Spanish fashion accessory brand Lupo, intends to restart the plant in September.

0

Adam Investment’s thorough planning brings profit into loss making apparel firm Orient Garments

Related Keywords: Adam Investment’s thorough planning brings profit into loss making apparel firm Orient Garments

Sri Lanka
Adam Investment’s thorough planning brings profit into loss making apparel firm
Summary: 
Orient Garments PLC, is a subsidiary of Adam Investments Plc, a young investment company having interest in apparel after thoroughly assessing the situation of a loss making Sri Lankan apparel firm, Orient Garments engaged in manufacturing and exporting apparel decided to buy into the firm spending 187 million rupees with a 39.8 percent stake in early January, is being turned around by winning back lost customers, bringing new management and processes.

Orient Garments PLC, is a subsidiary of Adam Investments Plc, a young investment company having interest in apparel after thoroughly assessing the situation of a loss making Sri Lankan apparel firm, Orient Garments engaged in manufacturing and exporting apparel decided to buy into the firm spending 187 million rupees with a 39.8 percent stake in early January, is being turned around by winning back lost customers, bringing new management and processes.

http://www.lankabusinessonline.com/news/sri-lankas-orient-garments-in-rapid-turn-around-say-new-owners/2040899801
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