Textile manufacturers need to invest in tech to capture potential market

Related Keywords: an event for textile machinery, Chairman and Managing Director, changing trends, Farm to Finish Expo, four day event, inaugurated by Sanjay Jayavarthanavelu, Lakshmi Machine Works, organised by Southern India Mills’ Association, SIMA, spares and accessories, Texfair 2017, Textile Industry, work towards addressing challenges

Tamil Nadu
Textile manufacturers need to invest in tech to capture potential market
Summary: 
At the Texfair 2017 and Farm to Finish Expo, a four-day event organised by Southern India Mills’ Association (SIMA), an event for textile machinery, spares and accessories was inaugurated by Sanjay Jayavarthanavelu, Chairman and Managing Director of Lakshmi Machine Works, here on Friday.

At the Texfair 2017 and Farm to Finish Expo, a four-day event organised by Southern India Mills’ Association (SIMA), an event for textile machinery, spares and accessories was inaugurated by Sanjay Jayavarthanavelu, Chairman and Managing Director of Lakshmi Machine Works, here on Friday.

At the inaugural, he said that the textile industry should work towards addressing the challenges that come with changing trends and it should invest in technology, especially post spinning technology, to grow further.

http://www.thehindu.com/todays-paper/tp-national/tp-tamilnadu/textile-manufacturers-urged-to-invest-in-technology/article20548093.ece
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Minister Sven-Erik Bucht from the Ministry Of Enterprise And Innovation Sweden visits Mumbai

Related Keywords: Aditya Birla Group, Cellulosic Fibre, cotton, fibre, Pulp, Sustainable Raw Materials, Sven-Erik Bucht, Textile, Textile Industry, textile innovation, Textile research, Viscose staple fibre

Mumbai
Summary: 
Visited the Aditya Birla Group Textile Research Application Development Centre at Kharach in Gujarat.Met with Mr. Dilip Gaur Managing Director Grasim, Mr. Vinod Tiwari COO Grasim, of the Aditya Birla group in Mumbai. Visit aimed at strengthening cooperation between India and Sweden in the area of smart textiles.Visit is a follow up to the joint statement by Prime Minister Stefan Lofven and Prime Minister Modi and its implementation in the areas of innovations and research Additionally explore areas for collaboration in the dairy sector and food safety.Mr. Sven-Erik Bucht Minister for Rural Affairs from the Ministry Of Enterprise And Innovation Sweden arrived in Mumbai today to discuss a joint project on smart textiles involving potentially Aditya Birla Group, Swedish company Domsjo and the two governments as well as the EU.

Mr. Sven-Erik Bucht Minister for Rural Affairs from the Ministry Of Enterprise And Innovation Sweden arrived in Mumbai today to discuss a joint project on smart textiles involving potentially Aditya Birla Group, Swedish company Domsjo and the two governments as well as the EU.

0

Jeanologia involves the whole textile industry in Bangladesh

Related Keywords: fabrics, fashion collection, Jeanologia, Made in Bangladesh, Textile Industry, the Bangladesh Denim Expo, World Textile Centers

Mumbai
Summary: 
Jeanologia, the Spanish company, leaders in the development of sustainable and efficient technologies, will take part in the Bangladesh Denim Expo being held November 8-9, where they will present their new sustainable fashion collection 100% Made in Bangladesh.

Through this collection fabric manufacturers and producers will work together for the first time, to attain a cleaner textile industry.Their innovative technology is contributing to the transformation of the country’s textile industry.With Jeanologia as the expert technology partner, the Bangladeshi textile market will be the most competitive, speeding up time to market and offering a modern sustainable product.

0

Brazilian textile companies to seek Egyptian cotton

Related Keywords: Arab Brazilian Chamber of Commerce, Brazil key partner for Egypt, Consulate of Egypt in São Paulo, elastic band manufacturer Damenny, event to take place during Destination Africa, Fiama, Government of Egypt, invited three Brazlian enterprises, Mercosur-Egypt FTA, see Egyptian made raw materials, Textile Industry, yarn maker Círculo

Sao Paulo
Brazilian textile companies to seek Egyptian cotton
Summary: 
The government of Egypt has invited three Brazlian enterprises from textile industry. Textiles maker Fiama, yarn maker Círculo and elastic band manufacturer Damenny to see Egyptian-made raw materials, action backed on the Brazilian side by the Arab Brazilian Chamber of Commerce and the Consulate of Egypt in São Paulo.

The government of Egypt has invited three Brazlian enterprises from textile industry. Textiles maker Fiama, yarn maker Círculo and elastic band manufacturer Damenny to see Egyptian-made raw materials, action backed on the Brazilian side by the Arab Brazilian Chamber of Commerce and the Consulate of Egypt in São Paulo.

http://www2.anba.com.br/noticia/21876785/business-opportunities/textile-companies-to-seek-raw-materials-in-egypt/
0

Uzbekistan signs textile export contracts for more than $1bn

Related Keywords: companies from Russia, export of finished textile products, following International Uzbek Cotton and Textile Fair, knitted fabric, knitted products, Moldova and other countries, more than $1 billion, semi-finished products, signed large contracts, Singapore, South Korea, Textile Industry, Turkey, Uzbekistan, worlds sixth largest cotton producer

Tashkent
Uzbekistan signs textile export contracts for more than $1bn
Summary: 
Uzbekistan, the world’s sixth-largest cotton producer has signed large contracts for the export of finished textile products and semi-finished products for more than $1 billion with companies from Russia, Turkey, South Korea, Singapore, Moldova and other countries, following the 13th International Uzbek Cotton and Textile Fair.

Uzbekistan, the world’s sixth-largest cotton producer has signed large contracts for the export of finished textile products and semi-finished products for more than $1 billion with companies from Russia, Turkey, South Korea, Singapore, Moldova and other countries, following the 13th International Uzbek Cotton and Textile Fair.

Uzbek by exporting this strategic crop.aims to further increase incomes to the national economy. Representatives of foreign purchasing companies noted the quality and price parameters of Uzbek textile.

https://www.azernews.az/region/121071.html
0

Rising trend in cotton prices seen over panic buying for quality lint

Related Keywords: cotton bales, cotton prices on Tuesday, Ginners, KCA, panic buying, phutti, quality issues continue to haunt, quality lint from buyers, remaining high, Rising trend seen, seed cotton arrivals, Spinners, spot rate, Textile Industry

Karachi
Rising trend in cotton prices seen over panic buying for quality lint
Summary: 
Rising trend seen in cotton prices on Tuesday with panic buying for quality lint from buyers. With Phutti (seed-cotton) arrivals remaining high, quality issues continue to haunt the textile industry.

Rising trend seen in cotton prices on Tuesday with panic buying for quality lint from buyers. With Phutti (seed-cotton) arrivals remaining high, quality issues continue to haunt the textile industry.

Growers have been raising phutti prices against which ginners were forced to increase cotton prices. On ready deals, prices moved higher to Rs6,500 per maund. Resultantly, official rates were also adjusted upward.

https://www.dawn.com/news/1366017
0

Top global fashion brands signs production contracts with EPZ Firm

Related Keywords: African Cotton & Textile Industries Federation, AGOA, Arrow, Calvin Klein, duty free imports, EPZ, international labels, Izod and Cherokee, Kenyan Export Processing Zones, Kenyan local textile manufacturers, signed production contracts, Textile Industry, Top global fashion brands

Africa
Top global fashion brands signs production contracts with EPZ Firm
Summary: 
Top global fashion brands Calvin Klein, Arrow, Izod and Cherokee are among the international labels that have signed production contracts with Kenyan local textile manufacturers, raising the profile of Kenya's export processing zones (EPZ), according to officials of the Export Processing Zones Authority (EPZA).

Top global fashion brands Calvin Klein, Arrow, Izod and Cherokee are among the international labels that have signed production contracts with Kenyan local textile manufacturers, raising the profile of Kenya's export processing zones (EPZ), according to officials of the Export Processing Zones Authority (EPZA).

Other brands including Hennes & Mauritz (H&M) started local production in 2014 at Ashton Apparel.

http://allafrica.com/stories/201710240434.html
0

Trading activity remains slow on cotton market

Related Keywords: buying the commodity, Cotton market, ginners not ready to lower prices. keeping trading activity slow, higher rate, spinners showed reluctance, strong demand for quality cotton, Textile Industry

Karachi
Trading activity remains slow on cotton market
Summary: 
At cotton market, spinners showed reluctance in buying the commodity at a higher rate as ginners were not ready to lower prices keeping trading activity slow on Thursday.

At cotton market, spinners showed reluctance in buying the commodity at a higher rate as ginners were not ready to lower prices keeping trading activity slow on Thursday.

Though there was strong demand for quality cotton, ginners refused to lower prices which restricted trading activity. Growers were also keeping phutti (seed cotton) on higher side.

Market sources said that growers – who have already sold almost half of their cotton crop in a short period of two months – feel financially strong and are not in a hurry to dispose of the remaining crop.

https://www.dawn.com/news/1364852/sluggish-activity-on-cotton-market
0

Textile sector to get some relief with reduced GST on yarn

Related Keywords: blockage of working capital, condition of no refund ITC, created a huge accumulation of nonrefundable ITC, entire downward value chain, fabric stage, fabrics slotted under 5 per GST slab, manmade fibres, powerloom sector, slotted under 18 percent GST rate, spinning and power loom sector, SRTEPC, Textile Industry, with weavers, yarns

Surat
Textile sector to get some relief with reduced GST on yarn
Summary: 
The man-made fibres and yarns were slotted under 18 percent GST rate while the fabrics were slotted under 5 per GST slab with a condition of no refund ITC at fabric stage. This had created a huge accumulation of nonrefundable ITC with the weavers and blockage of working capital.

The man-made fibres and yarns were slotted under 18 percent GST rate while the fabrics were slotted under 5 per GST slab with a condition of no refund ITC at fabric stage. This had created a huge accumulation of nonrefundable ITC with the weavers and blockage of working capital.

https://retail.economictimes.indiatimes.com/news/industry/reduced-gst-on-yarn-to-help-textile-sector-exporter-body/61052612
0

Latest revision of GST rates welcomed by textile industry

Related Keywords: Advance Authorisation Scheme, embroidery, EPCG, exempting export promotion schemes, GST levy on job work of zari, latest revision in GST rates, payment of GST till March end next year, reduced from 18 percent to 12 percent, slashed to 5 percent from 12 percent, spurt in investment, Tax rates on man-made yarn, Textile Industry

New Delhi
Latest revision of GST rates welcomed by textile industry
Summary: 
The Country’s finance minister Arun Jaitley on Friday announced latest revision in the goods and services tax (GST) rates. Tax rates on man-made yarn is reduced from 18 percent to 12 percent, while slashing GST levy on job work of zari (embroidery) to 5 percent, from the previously agreed upon rate of 12 percent.

The Country’s finance minister Arun Jaitley on Friday announced latest revision in the goods and services tax (GST) rates. Tax rates on man-made yarn is reduced from 18 percent to 12 percent, while slashing GST levy on job work of zari (embroidery) to 5 percent, from the previously agreed upon rate of 12 percent.

http://www.thehindu.com/todays-paper/tp-national/tp-tamilnadu/textile-industry-welcomes-revision-of-gst-rates/article19822335.ece
0
 
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