11.22% in 2017-18 growth in value added garment sector of the textile industry

Related Keywords: domestic entrepreneurs, garment activity, garment sector of the textile industry, home textile and apparel, major trade and business hub, maximizing exports, raw material, textile sector

Sialkot
Summary: 
Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Chief Coordinator Ijaz Khokhar advised the government to split the textile sector into three categories namely raw material, home textile and apparel adding that the sector presently comprises of multiple sub-sectors, all having different functions and activities. The chief coordinator further stated that the value-added garment sector of the textile industry showed a growth of 11.22% in 2017-18. He added that, β€œThe value-added garment sector is a major tax payer, largest employment generator and exporter of up to $5.5 billion products.” Also,” The sector has a huge scope of expansion.”

Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Chief Coordinator Ijaz Khokhar advised the government to split the textile sector into three categories namely raw material, home textile and apparel adding that the sector presently comprises of multiple sub-sectors, all having different functions and activities. The chief coordinator further stated that the value-added garment sector of the textile industry showed a growth of 11.22% in 2017-18.

https://tribune.com.pk/story/1808325/1-prgmea-stresses-exploring-non-conventional-markets/
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Aditya Birla puts its VSF plant project in Turkey on hold

Related Keywords: Adana Organised Industrial Zone, Aditya Biral Group, capacity overhang in China, demand for VSF continues, global price decline, home textile and apparel, pressure on realization, state of turmoil, support textile industry, Turkey fourth largest consumer, viscose market, VSF plant project, VSF production facility

MumbaiAditya Birla puts its VSF plant project in Turkey on hold
Aditya Birla puts its VSF plant project in Turkey on hold
Summary: 
Aditya Birla Group has decided to put its viscose staple fibre plant project in Turkey on hold as the viscose market has been in a state of turmoil and the returns are lower, according to Manohar Samuel, Global Business Development, Birla Cellulose.

Aditya Birla Group has decided to put its viscose staple fibre plant project in Turkey on hold as the viscose market has been in a state of turmoil and the returns are lower, according to Manohar Samuel, Global Business Development, Birla Cellulose.

The Turkey project is on but has been delayed because of the capacity overhang in China. Though demand for VSF continues to grow globally, the overcapacity in China, created at the time of the VSF boom, has put pressure on realizations in the global markets. It has resulted in global prices declining by around 15 percent.

http://www.thehindubusinessline.com/companies/aditya-birla-puts-on-hold-3000cr-turkey-plant/article6933558.ece
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