Pakistan witnessed 2.62 pc growth in RMG exports in 4 months

News Tags: bed wear exports grew, exports of madeup articles increased, exports of readymade garments, first four months of current financial year, knitwear exports going up, Pakistan witnessed growth, textile export, the positive growth of textile sector

Islamabad
Pakistan witnessed 2.62 pc growth in RMG exports in 4 months
Summary: 
Pakistan witnessed 2.62 percent growth in exports of readymade garments about 9,657 thousand dozen worth US$ 698.403 million during first four months (July-October) of current financial year as compared to exports of 9,934 thousand dozen valuing US$ 680.567 million in the corresponding period of last financial year.

Pakistan witnessed 2.62 percent growth in exports of readymade garments about 9,657 thousand dozen worth US$ 698.403 million during first four months (July-October) of current financial year as compared to exports of 9,934 thousand dozen valuing US$ 680.567 million in the corresponding period of last financial year.

http://pakobserver.net/readymade-garments-of-698-403m-exported-in-4-months/
0

Madagascar to host International textile trade fair this November

News Tags: ACTIF, AGOA, both an international trade fair on textile and clothing, GEFP, Madagascar to host this international event, Madagascar Export Processing Zone Association, ongoing effort dedicated to improving African Cotton, Origin Africa, textile and apparel trade, textile export

Antananarivo
Madagascar to host Origin Africa, textile trade fair this November
Summary: 
Origin Africa, both an international trade fair on textile and clothing and an ongoing effort dedicated to improving African Cotton, Textile and Apparel trade which is all set to be held in Madagascar in November. This is the first time for Madagascar to host this international event, said the Executive Director of Madagascar Export Processing Zone Association, Eva Razafimandimby during a press conference held in Madagascar’s capital Antananarivo on Monday.

Origin Africa, both an international trade fair on textile and clothing and an ongoing effort dedicated to improving African Cotton, Textile and Apparel trade which is all set to be held in Madagascar in November. This is the first time for Madagascar to host this international event, said the Executive Director of Madagascar Export Processing Zone Association, Eva Razafimandimby during a press conference held in Madagascar’s capital Antananarivo on Monday.

http://www.coastweek.com/3923-International-textile-trade-fair-to-be-held-in-Madagascar-in-November.htm
0

Textile industry reproaches the gas suspension decision

News Tags: economy of Pakistan, gas outage plan, gas supply in Pakistan, industrial growth in Pakistan, ptea chairman, Punjab textile market, textile export, textile in winter, textile industry of Pakistan, textile products

Mumbai
Summary: 
The Pakistan Textile Exporters Association has aggrieved over the authorities’ imprudent decision of gas suspension for industries in winter terming it as a unilateral action

The Pakistan Textile Exporters Association has aggrieved over the authorities’ imprudent decision of gas suspension for industries in winter terming it as a unilateral action.

The association opined that the government should shelve its gas outage plan to bring the country’s economy out of sluggishness, as this suspension would lead innumerable people to lose their jobs and would also affect the industrial growth.

http://tribune.com.pk/story/957533/textile-sector-dreading-gas-suspension/
0

Turkey becomes the sixth largest textile exporter in the world

News Tags: textile export, textile exports of Turkey, textile import from China, textile import from India, textile import from turkey, textile trade surplus, world textile market

Mumbai
Summary: 
According to a note released by the Turkish Statistics Institute (TÜİK) on 25 August, Turkey was ranked the sixth largest textile and confection exporter of the world by making around 4 percent of such exports

According to a note released by the Turkish Statistics Institute (TÜİK) on 25 August, Turkey was ranked the sixth largest textile and confection exporter of the world by making around 4 percent of such exports globally in 2014.

China topped the list with 41 percent, followed by India with 5.4 percent, Italy with 5.3 percent and Germany with 5 percent.

There has also been a decrease in the share of textiles trade in the world. While the share of the sector was 7 percent in global trade in 1995, this rate dropped to 4.6 percent in 2014.

http://www.hurriyetdailynews.com/turkey-named-worlds-sixth-largest-textile-exporter.aspx?pageID=238&nID=87479&NewsCatID=345
0

Textile importers renegotiating price as INR depreciates

News Tags: apparel importers, rupee depreciation, textile export, textile import, yuan devaluation

Mumbai
Summary: 
The recent devaluation of the yuan has led to a weakness in the rupee against the dollar. So far in 2015-16, the rupee has depreciated 13.9 per cent and 6.6 per cent against

The recent devaluation of the yuan has led to a weakness in the rupee against the dollar. So far in 2015-16, the rupee has depreciated 13.9 per cent and 6.6 per cent against the euro and dollar, respectively.

The depreciating rupee has prompted textile and apparel importers abroad to renegotiate the terms of their contracts with Indian exporters. Now, new contract orders are being deferred till the Indian currency stabilises.

0

China sneezes and textile world may catch cold soon

News Tags: Currency devaluation, RMB devaluation, textile export, yarn export, yuan devaluation

Mumbai
China sneezes and textile world may get cold soon
Summary: 
The People’s Bank of China (PBC) has devalued the Renminbi (RMB/Yuan) on 11 August by 2015 by 1.9%, the largest one day devaluation since 1994. The ‘daily fix’ of the currency to the US$ moved out to almost 6.23 Yuan versus 6.1162 Yuan the previous day. Although the move spooked global

The People’s Bank of China (PBC) devalued the Renminbi (RMB/Yuan) on 11 August by 2015 by 1.9%, the largest one day devaluation since 1994. The ‘daily fix’ of the currency to the US$ moved out to almost 6.23 Yuan versus 6.1162 Yuan the previous day. Although the move spooked global markets and raised yet more concerns about the health of the Chinese economy, it will be interesting to gauge its impact on global trade, particularly that of textiles.

yarnsandfibers.com
0

Vietnam textile and garment industry focuses become the next hotspot

News Tags: double size of production, Free trade agreement, largest economic sector, next textile and garment hotspot, textile export, TPP agreement, Vietnam Textile and Apparel Association, Vietnam textile and garment industry

US
Vietnam textile and garment industry focuses become the next hotspot
Summary: 
Vietnam’s textile and garment industry is one of the largest economic sectors in the country, consisting 4,000 enterprises with a turnover of US$20 billion a year, accounting for 15% of. According to the Vietnam Textile and Apparel Association, textile and garment products are exported to 180 countries and territories in the world. In 2015, textile and garment industry is aiming at total exports of $28.5 billion.

Vietnam’s textile and garment industry is one of the largest economic sectors in the country, consisting 4,000 enterprises with a turnover of US$20 billion a year, accounting for 15% of. According to the Vietnam Textile and Apparel Association, textile and garment products are exported to 180 countries and territories in the world. In 2015, textile and garment industry is aiming at total exports of $28.5 billion.

The textile industry has been witnessing a steady growth over the recent years and pushing the country to become one of the top textile exporters in the world.

http://www.business2community.com/trends-news/vietnam-will-next-textile-garment-hotspot-01220368
0

Welspun Group seeks government plan to encourage textile exports

News Tags: cost of credit, India self sufficient in textile, Interest Subvention Scheme, LSI, mega texile projects, Planning Commission, reduce interest rate, skill development, textile export, total foreign exchange receipts, TUF refunds, Welspun Chairman, world textile market

Mumbai
Welspun Group seeks government plan to encourage textile exports
Summary: 
India is self-sufficient in textiles as the textile industry is one of the major contributors for India’s export basket contributing 12% of India’s total foreign exchange receipts and is not dependent on imports. This was projected by then Planning Commission that Textile exports will grow by 12% in coming years. In light of this, it becomes necessary to encourage textile exports, said B K Goenka, Chairman of Welspun.

India is self-sufficient in textiles as the textile industry is one of the major contributors for India’s export basket contributing 12% of India’s total foreign exchange receipts and is not dependent on imports. This was projected by then Planning Commission that Textile exports will grow by 12% in coming years. In light of this, it becomes necessary to encourage textile exports, said B K Goenka, Chairman of Welspun.

https://in.newshub.org/b-k-goenka-chairman-welspun-group-expects-proposal-to-encourage-textile-exports-india-12290173.html
Company News
0

Pakistan textile industry cannot celebrate announcement of textile policy with energy issue unaddressed

News Tags: APTMA, energy supply, Heimtextile exhibition, imposed regulatory duty, new textile policy, Pakistan announced, Punjab based textile industry, SNGPL restricted gas supply, substantial export orders, textile export

Lahore
Pakistan textile industry cannot celebrate announcement of textile policy
Summary: 
With the new textile policy 2014-19 being announced, according to All Pakistan Textile Mills Association chairman S M Tanveer taking the textile exports to $26 billion in next five years would remain a dream in case the energy supply remained situation dismal, particularly in Punjab and hence the proposal to make availability of electricity at 8 cents per unit for feasibility of textile industry in Pakistan has been put forward.

With the new textile policy 2014-19 being announced, according to All Pakistan Textile Mills Association chairman S M Tanveer taking the textile exports to $26 billion in next five years would remain a dream in case the energy supply remained situation dismal, particularly in Punjab and hence the proposal to make availability of electricity at 8 cents per unit for feasibility of textile industry in Pakistan has been put forward.

http://nation.com.pk/business/12-Feb-2015/major-issues-remain-unaddressed-in-new-textile-policy
0

Lack of local textile avert PH from taking full benefits of EU zero tariffs

News Tags: accessories, build its own textile industry, costly power, duty free entry, EU GSP plus, garment should have local content, import of raw material, inputs, lack of local textile industry, Philippines textile industry, relaxation of rules, temporarily export, textile export

Manila
Lack of local textile avert PH from taking full benefits of EU zero tariffs
Summary: 
Philippine’s inclusion in the EU’s GSP plus provides duty free entry to the EU for some of the most important Philippine exports, including and textiles has come as a gift but there are rules of origin for exports to enter duty free which is preventing the country from enjoying the expanded preferential treatment on exports to the European Union due to absence of local textile industry.

Philippine’s inclusion in the EU’s GSP plus provides duty free entry to the EU for some of the most important Philippine exports, including and textiles has come as a gift but there are rules of origin for exports to enter duty free which is preventing the country from enjoying the expanded preferential treatment on exports to the European Union due to absence of local textile industry.

http://www.rappler.com/business/industries/82946-miss-benefits-eu-gspplus-textile
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