Plan to invest $1 billion in new value added textile projects

Related Keywords: apparel, energy, export, exporter, Garments, import, Pakistan, supply chain, Textile, Textile Industry, yarn

India
Plan to invest $1 billion in new value added textile projects
Summary: 
Encouraged by the government’s initiatives to help reduce the cost of energy for exporters, major Punjab-based textile groups on Friday announced that they plan to invest $1 billion in new value-added textile projects and capacity expansion for exports. The group that plans to invest include leading textile manufacturers such

Encouraged by the government’s initiatives to help reduce the cost of energy for exporters, major Punjab-based textile groups on Friday announced that they plan to invest $1 billion in new value-added textile projects and capacity expansion for exports.

The group that plans to invest include leading textile manufacturers such as Sapphire, Suraj, Kamal, US Apparel, Interloop, Fazal Cloth Mills, Ejaz Group, Mahmood Textile, Ayesha Group, Bhanero Group, Kohinoor Mills and Sadaaqat Textile.

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Ease in cotton export norms to have no immediate impact on demand

Related Keywords: Central government of India, Confederation of Indian Textile Industry, cotton yarn, demand for exports, DGFT, export of cotton, exporter, globally cotton prices, minimum support price, Secretary-General, targeted export volume

Mumbai
Ease in cotton export norms to have no immediate impact on demand
Summary: 
The Centre government of India has done away with the registration requirement for exports of cotton and its yarn, the exporters now need not register with the Director-General of Foreign Trade before making the shipment. The government said on Monday in two separate notifications.

The Centre government of India has done away with the registration requirement for exports of cotton and its yarn, the exporters now need not register with the Director-General of Foreign Trade before making the shipment. The government said on Monday in two separate notifications.

Earlier, traders were required to register their targeted export volume in advance for the entire year. With the change in rules, it is likely to speed up shipments, particularly when overseas demand for cotton and yarn has dropped sharply.

http://www.thehindubusinessline.com/industry-and-economy/agri-biz/mandatory-registration-for-cotton-scrapped/article6673407.ece
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Vinatex hit USD 18bn export revenue in first 9 months

Related Keywords: ASEANS, domestic supplies, export revenue, exporter, garment export, labour productivity, largest apparel manufacturer, material supply, TPP, Vietnamese worker, Vinatex

Hanoi
Vinatex hit USD 18bn export revenue in first 9 months
Summary: 
Vietnam National Textile and Garment Group (Vinatex) largest apparel manufacturer and exporter of Vietnam have hit 18 billion US dollars export revenue in the first nine month of this year, a 19 percent increase year-on-year.

Vietnam National Textile and Garment Group (Vinatex) largest apparel manufacturer and exporter of Vietnam have hit 18 billion US dollars export revenue in the first nine month of this year, a 19 percent increase year-on-year.

According to a report posted on Vinatex's website on Wednesday, during the period, the group alone pocketed some 2.36 billion U.S. dollars from exporting garment, up 16 percent year-on-year.

http://www.globalpost.com/dispatch/news/xinhua-news-agency/141008/vietnamese-garment-exports-19-pct-first-9-months
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Bangladeshi textile and garment makers entitled to take EDF loan up to $15 million

Related Keywords: Bangladesh textile makers, BTMA, central bank, Export development funds, exporter, manufacturer

Bangladesh
Bangladeshi textile and garment makers entitled to take EDF loan up to $15 milli
Summary: 
The Bangladeshi textile and garment makers were entitled to receive Export Development Funds (EDF) loans upto $12 million at 2.5 percent interest rate. But now, the central bank has increased the limit for manufacturers and exporters to borrow from the EDF to $15 million.

The Bangladeshi textile and garment makers were entitled to receive Export Development Funds (EDF) loans upto $12 million at 2.5 percent interest rate. But now, the central bank has increased the limit for manufacturers and exporters to borrow from the EDF to $15 million. Textile and garment makers will benefit from the central bank's move, said BTMA President Jahangir Alamin.

http://www.thedailystar.net/city/bb-raises-loan-limit-for-exporters-30285
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