India to continue sops for textile exporters despite US demand to do away immediately

Related Keywords: export subsidies, Indian textile exporters, Subsidies and Countervailing Measures, textile sector, US demand, WTO rules

New Delhi
India to continue sops for textile exporters despite US demand
Summary: 
Washington argues that New Delhi no longer qualifies to give concessions for textile exporters under the World Trade Organisation (WTO) rules as it attained export competitiveness in the textile sector eight years back. But India has decided to continue with export sops for the sector in the new fiscal and, probably, the following two years as well.

Washington argues that New Delhi no longer qualifies to give concessions for textile exporters under the World Trade Organisation (WTO) rules as it attained export competitiveness in the textile sector eight years back. But India has decided to continue with export sops for the sector in the new fiscal and, probably, the following two years as well.

http://www.thehindubusinessline.com/news/ignoring-us-demand-india-to-continue-sops-for-textile-exporters/article6902448.ece
0

BB to offer low cost funds to help textile factories adopt eco-friendly technologies and practices

Related Keywords: adopt eco friendly technologies and practices, Bangladesh Bank, central bank to set low cost funds, Export development fund, finance and environmental sustainability, Governor Atiur Rahman, Policy Research Institue, promote green financing, textile factories, textile sector

Dhaka
BB to offer low cost funds to help textile factories adopt eco-friendly technolo
Summary: 
Policy Research Institute (PRI) of Bangladesh in Dhaka organised a seminar to discuss on "access to finance: environmental sustainability in the textile sector" in association with the International Finance Corporation yesterday wherein the Governor Atiur Rahman took a decision that the central bank will set aside $500 million of low-cost funds for textile factories to help them adopt eco-friendly technologies and practices.

Policy Research Institute (PRI) of Bangladesh in Dhaka organised a seminar to discuss on "access to finance: environmental sustainability in the textile sector" in association with the International Finance Corporation yesterday wherein the Governor Atiur Rahman took a decision that the central bank will set aside $500 million of low-cost funds for textile factories to help them adopt eco-friendly technologies and practices.

http://www.thedailystar.net/business/bb-to-create-500m-green-fund-for-textile-64793
0

New draft textile policy of Maharashtra proposes to improve efficiency like China

Related Keywords: disinvestment of sick cooperative mills, draft of new textile policy, FDI, Fiber to fashion approach, full fledged textile hub, garment factories, India losing out market of China, Indian cotton to become garment, nine month, review existing textile policy of Maharashtra, Suresh Halwankar Committee, textile sector

Mumbai
New draft textile policy of Maharashtra proposes to improve efficiency like Chin
Summary: 
The Suresh Halwankar Committee formed to review the existing textile policy of Maharashtra taking into consideration that India are losing out the market to China mainly because it takes nine months for Indian cotton to become a garment. While in China, it takes just two months because of full-fledged textile hubs and hence recommended establishment of mega-textile hubs spread over 1,000 hectares as against allowing garment factories to come up in a scattered manner.

The Suresh Halwankar Committee formed to review the existing textile policy of Maharashtra taking into consideration that India are losing out the market to China mainly because it takes nine months for Indian cotton to become a garment. While in China, it takes just two months because of full-fledged textile hubs and hence recommended establishment of mega-textile hubs spread over 1,000 hectares as against allowing garment factories to come up in a scattered manner.

http://www.dnaindia.com/mumbai/report-china-in-mind-draft-textile-policy-talks-of-mega-hubs-disinvestment-fdi-2057711
0

Gangwar urge PM to connect NREGA scheme with textile sector to motivate artisans

Related Keywords: MGNREGA scheme, motivate artisans, Narendra Modi, proposal to PM, Santosh Gangwar, textile sector, Union Minister of Textiles, Weavers

Lucknow
Gangwar urge PM to connect NREGA scheme with textile sector to motivate artisans
Summary: 
Union Minister for Textiles (Independent charge) Santosh Gangwar has put up a written proposal requesting the Prime Minister Narendra Modi to connect the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme with the Textile Ministry. The objective of the proposal is to develop basic amenities in the localities of artisans and weavers to motivate them to continue their traditional work.

Union Minister for Textiles (Independent charge) Santosh Gangwar has put up a written proposal requesting the Prime Minister Narendra Modi to connect the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme with the Textile Ministry. The objective of the proposal is to develop basic amenities in the localities of artisans and weavers to motivate them to continue their traditional work.

http://indianexpress.com/article/cities/lucknow/gangwar-asks-pm-to-employ-nrega-scheme-in-textile-sector/
0

Maharashtra’s new textile policy helped rekindle interest in textile sector

Related Keywords: cotton ginning, create employment potential, investment made by textile companies, Maharashtra textile policy, offers capital and interest subsidy, powerloom, textile projects, textile sector, textile zones, weaving

Mumbai
Maharashtra’s new textile policy helped rekindle interest in textile sector
Summary: 
Maharashtra’s 2011 textile policy has been the main motivator as it offers capital and interest subsidy on the investment made by textile companies which renewed interest in textile sector. In the last two years the State has managed to get investments to the tune of Rs. 7,099 crore and has created employment potential for 45,953 persons.

Maharashtra’s 2011 textile policy has been the main motivator as it offers capital and interest subsidy on the investment made by textile companies which renewed interest in textile sector. In the last two years the State has managed to get investments to the tune of Rs. 7,099 crore and has created employment potential for 45,953 persons.

http://www.thehindubusinessline.com/news/states/maharashtras-textile-sector-rebounds-with-new-policy/article6815791.ece
0

Turkish company Kaya Group to start textile business in Georgia

Related Keywords: export to EU market, Georgia, investment project, Irakli Gharibashvili, Kaya Group, met Prime Minister, planning to start, textile business, Textile production, textile sector, Turkish company

Georgia
Turkish company Kaya Group to start textile business in Georgia
Summary: 
Kaya Group, Turkish company involved in textile sector, is planning to start textile business in Georgia. For this purpose the management of the Turkish company Kaya met the Georgian Prime Minister Irakli Gharibashvili on January 12.

Kaya Group, Turkish company involved in textile sector, is planning to start textile business in Georgia. For this purpose the management of the Turkish company Kaya met the Georgian Prime Minister Irakli Gharibashvili on January 12.

The two sides discussed the investment project which is designed by the Kaya Group to produce textile production in Georgia and export it to EU markets.

http://agenda.ge/news/27777/eng
0

Pakistan sees growth in home textile exports

Related Keywords: European duty free access scheme, exports grow, garment exports, Pakistan home textile, Strategic Trade Policy Framework, textile sector

Islamabad
Pakistan sees growth in home textile exports
Summary: 
Pakistan home textiles exports has grew to $1.1 billion from January to September – higher by $235.8 million or 27.7% over the comparative period. While, garments exports increased to $1.9 billion, showing net addition of $399 million on back of 27.1% growth due the European duty-free access scheme.

Pakistan home textiles exports has grew to $1.1 billion from January to September – higher by $235.8 million or 27.7% over the comparative period. While, garments exports increased to $1.9 billion, showing net addition of $399 million on back of 27.1% growth due the European duty-free access scheme.

Pakistan has so far earned $910 million extra by availing the scheme, which is almost equal to the money that the country raised this month from international markets by paying almost 7% interest.

http://tribune.com.pk/story/809219/extra-earning-pakistan-bags-additional-910m-in-exports/
0

Nigerian new policy measures to focus CTG and fashion sector

Related Keywords: CTG, fashion sector, Federal Executive council, garment parks, integrated textile, National Industry Revolution Plan, Nigerian cotton, textile sector

Nigeria
Nigerian new policy measures to focus  CTG and fashion sector
Summary: 
Nigerian cotton and textile sector once was actually the second largest employer of labour and a critical sector of the economy. There has been a decline due to a number of factors. The Federal Executive Council (FEC) on Wednesday approved policy measures aimed at repositioning the nation’s cotton, textile, garment (CTG), and fashion sectors of the economy.

Nigerian cotton and textile sector once was actually the second largest employer of labour and a critical sector of the economy. There has been a decline due to a number of factors. The Federal Executive Council (FEC) on Wednesday approved policy measures aimed at repositioning the nation’s cotton, textile, garment (CTG), and fashion sectors of the economy.

http://businessdayonline.com/2014/12/fg-approves-policy-measures-to-reposition-textile-industry/#.VJP3la7AA
0

Arvind tops for energy conservation in textile sector during 2014

Related Keywords: Arvind Limited, denim major, energy conservation, Ministry of Power, power usage, textile players, textile sector, thermal energy, utilization of day light

Ahmedabad
Arvind tops for energy conservation in textile sector during 2014
Summary: 
Arvind Limited, denim major ranked first among 70 textiles players scrutinized the Ministry of Power on the National Energy Conservation Day on 14 December 2014. Arvind achieved nearly 22 percent reduction in specific consumption in thermal energy and 18 percent reduction in power usage from last financial year in the textile sector.

Arvind Limited, denim major ranked first among 70 textiles players scrutinized the Ministry of Power on the National Energy Conservation Day on 14 December 2014. Arvind achieved nearly 22 percent reduction in specific consumption in thermal energy and 18 percent reduction in power usage from last financial year in the textile sector.

The company bagged National Energy Conservation Award 2014 of the Ministry of Power, Government of India on Sunday.

http://www.thehindubusinessline.com/companies/arvind-bags-energy-conservation-award/article6694792.ece
Company News
0

MNREGS likely to be extended artisans and weavers of the textile sector

Related Keywords: boost handloom industry, leaving skills, MNREGS, Santosh Gangwar, textile artisans, textile sector, Union Minister for Textiles, Weavers

New Delhi
MNREGS likely to be extended artisans and weavers of the textile sector
Summary: 
The centre plans to extend the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS) to textile artisans. The move aims to support artisans who are leaving the skills and joining the unskilled labour force, as the latter provides better wages. It is a step to boost to the handloom industry in India.

The centre plans to extend the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS) to textile artisans. The move aims to support artisans who are leaving the skills and joining the unskilled labour force, as the latter provides better wages. It is a step to boost to the handloom industry in India.

Santosh Gangwar, Union minister for textiles said that they are considering extending the MNREGS to the handloom weavers and artisans of the textile sector, so that they or their younger generation are not forced to take up jobs under MNREGS which offers better wages.

http://www.dnaindia.com/india/report-centre-plans-to-extend-mnregs-to-textile-artisans-2042581
0
 
Let Us Know Your Need
click here icon
 
Pricewatch Enquiry
Name
Company
Phone
Email
Country
 
Word Verification
 
News & Views
Emerald Textiles recertifies Turlock, Ca plant for hygienically clean healthcare  
  21 Oct , 2019 Read full story  
Two sportswear brands make the list of top 100 brands  
  21 Oct , 2019 Read full story  
The biggest international textiles sourcing show of South Asia  
  21 Oct , 2019 Read full story  
 
Prices
 
Market Intelligence
  • Polyester Intelligence
    YnFx's Polyester Intelligence Service consolidates all the information at a click. This service provides the following:
    • Daily Price Trends
    • News & Views
    • Weekly Prices on Polyester Chain
    • Price Forecast Covering 3 Regions
    • Spun Yarn Exports from India
    • Polyester Chain - Demand/Supply Statistics
 
Special Reports
 
Country Reports
  •  
    Who have subscribed this report
    Live Chat online
    feedback button