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Related Keywords: data showed the readymade garments sector, Exports of value-added product, Exports of towels fell, GSP Plus scheme, Knitwear, only bright spot, over corresponding month a year ago, Pakistan Bureau of Statistics, posted negative growth, showing an increase of twenty four percent, textile and clothing exports

Textile and clothing exports stood at $1.21bn in June, showing an increase of 24pc over the corresponding month a year ago. As per Pakistan Bureau of Statistics (PBS) reports on Thursday, these exports posted a paltry growth of 0.04 percent to $12.45 billion in 2016-17. Data showed the readymade garments sector was the only bright spot.

Its exports grew 6pc year-on-year to $2.31bn in 2016-17. Garment exports witnessed a growth of 6.13pc in terms of quantity. These exports also posted a growth of over 20pc in June.

Related Keywords: cotton growing areas, Cotton market, due to monsoon rains, grade issue at lint market, Karachi cotton Association, Karachi cotton exchange, leading buyers made cautious deals, only single transaction recorded, remains dull, spot rate firm, spot rate intact, trading activity

Trading activity at the Karachi Cotton Exchange on Thursday remains dull due to monsoon rains in the cotton growing areas of Sindh and Punjab with only single transaction of 200 bales of Sanghar at Rs6,300/maund recorded in the cotton market.

The spot rates remained firm at Rs6,300/maund (37.324kg) and Rs6,752/40kg.Ex-Karachi rates also stood unchanged at Rs6,435/maund and Rs6,897/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

According to an analyst, the trading activity might remain slow in the coming days, as well, as more rains are predicted.

Related Keywords: Alhaji Aliyu Bello-Ingawa, embrace farming, encourage cotton farming, facilitate cotton system, farmers in Nigeria, Federal government, government should mobilise farmers, major crop among all categories, Secretary Funtua Textiles Ltd, stakeholders, synergy between government, tackle cotton adulteration, view of cotton’s economic potentialities

Federal government urged to encourage cotton farming as a major crop among all categories of farmers in Nigeria. The Secretary Funtua Textiles Ltd (FTL), Alhaji Aliyu Bello-Ingawa, in Funtua on Thursday said that government should mobilise farmers to embrace the farming in view of cotton’s economic potentialities.

Related Keywords: Bath linen, Cuddlies and Bath Buddy, exceed Rs three hundred crorem next three years, hope textile brand turnover, Indians splurge on bed, make inroads in domestic market, Nectar soft and Indulgence brand, offers affordable luxury, offers Organica, Play and Play Lite, targeting fifty percent growth, top three home textile brands, Trident Group

Trident Group aspires to be amongst top three home textile brands in the country and offers affordable luxury. MD Deepak Nanda said that with more Indians splurge on bed and bath linen, they hope their textile brand turnover would exceed Rs 300 cr by 2020 , targeting 50% growth on year on year basis to reach there.

With domestic textile market expected to become a $5.6 bn entity by 2020, the Ludhiana-headquartered textiles to paper company said that 2017-18 will be a year of consolidation and to make inroads in the domestic market.

Related Keywords: boost export, Indian businesses, Indian Textile Accessories and Machinery Manufacturers Association, ITAMMA, ITAMMA plans, seeking opportunities, set up textiles garment technology centre, textile machines and equipment, Vietnam Indian business exchange programme, Vietnam market

Indian businesses are seeking opportunities in Vietnam market to boost export of textile machines and equipment, said N.D. Mhatre, Director General (Technical) of the Indian Textile Accessories and Machinery Manufacturers Association (ITAMMA) at a Vietnam-Indian business exchange programme co-held by ITAMMA and the Consulate General of India in HCM City on July 20.

As one of the world’s leading textiles and garment exporters, Vietnam has a growing demand for machinery and equipment, thereby creating big opportunities for Indian firms.

Related Keywords: avoid shortage, control fluctuation, cotton availability position, cotton prices, cotton season, directed Cotton Corporation of India, domestic mills, ensure availability of cotton, from time to time, Government of India, government reviews, Micro Small Medium Enterprise category, purchased under MSP, sell its stock of cotton, spinning mills

Government of India to control fluctuation in cotton prices and ensure availability of cotton for domestic mills has directed Cotton Corporation of India Ltd. to sell its stock of cotton (cotton season 2015-16), purchased under MSP, to Spinning Mills in the Micro Small Medium Enterprise (MSME) category.

The Minister of State, Textiles, Ajay Tamta in a written reply to a Lok Sabha question said that government reviews the cotton availability position from time to time.

Related Keywords: affect pricing, cotton bales, cotton growing areas, entered in the market, Ex Karachi rates, increased demand, Karachi cotton exchange, new crop, slow trading activity, slowed down the arrivals, spot rates increased, two station of Punjab

At the Karachi Cotton Exchange, slow trading activity was witnessed on Wednesday, while spot rates increased to Rs6,300/maund (37.324kg) and Rs6,752/40kg.

Ex-Karachi rates also increased to Rs6,435/maund and Rs6,897/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

KCE recorded trade of 1,400 bales from six stations in between Rs6,300/maund to Rs6,520/maund.

Trade was recorded from Shahdadpur, Mirpurkhas, Jamsabad and Golarchi in Sindh, while two stations of Punjab, Chichawatni and Burewala, also entered in the market with the new crop.

Related Keywords: AIC -NIFTTEA Incubation Centre for Textiles and Apparels., Atal Innovation Mission scheme, chosen NIFT-TEA Knitwear Fashion Institute, focus on developing product technologies, functional garments, host the Atal Incubation Centre, in the first round, NITI Aayog, setting up incubation centre

NITI Aayog has chosen NIFT-TEA Knitwear Fashion Institute, Tirupur for setting up incubation centre in the first round. C M N Muruganandan, chairman of the institute, said that out of 3,800 government and private institutions across India which applied, NIFT TEA Knitwear Fashion Institute, Tirupur, to host the Atal Incubation Centre under the Atal Innovation Mission (AIM) scheme which will focus on developing product technologies of functional garments, will get Rs 10 crore for five years.

Related Keywords: David Akov, Delegation of Israeli businessman, explore bilateral business, field of textiles and garments, Israel ready for joint venture, led by Consul General of Israel, meet businessmen, partnership, quite impressed with state of the art manufacturing skills, Surti textile manufacturers, visited textile city Surat

A delegation of Israeli businessman led by Consul General of Israel David Akov visited the textile city Surat on Wednesday to meet the businessmen and explore bilateral business in the field of textiles and garments.

The Consul General visited a few prominent textile processing units to gather information on the fabric production and the B2B business potential with the retailers and garment wholesalers in Israel.

The Israeli delegation was quite impressed with the state-of-the-art manufacturing skills and the environment at the textile mills located in Pandesara.

Related Keywords: backward integration, completed its capacity expansion, largest denim manufacturer in India, lately caught the Street's fancy, little-known textile midcap, Nandan Denim Limited, NDL, NDL looks set to garner market share, post-GST regime, reality of new taxes., unorganized players grapple

Nandan Denim Limited (NDL), India's largest denim manufacturer and a little-known textile midcap, has lately caught the Street's fancy. Having completed its capacity expansion and backward integration, NDL looks set to garner market share in the post-GST regime as unorganized players grapple with the reality of new taxes.

Denim fabric contributes 80-90 percent to NDL's annual turnover on an average, is the company's forte.