News Tags

Related Keywords: allows twenty percent of Pakistani exports, ate up export value, Bangladesh, duty benefits extended to Pakistan, enter the EU at zero duty, European Union, GSP Plus status, huge potential in home textiles, including home textile, seventy percent at preferential rates, unable to expand market share, volatile currency exchange rate

Bangladesh has huge potential in home textiles but unable to expand its market share in the European Union because of duty benefits extended to Pakistan. In December 2013, the 28-nation bloc granted Pakistan the GSP Plus status for four years. The GSP Plus status allows 20 percent of Pakistani exports, including home textile, to enter the EU at zero duty and 70 percent at preferential rates.

Related Keywords: Bengaluru-headquartered Central Silk Board, board technical support, Chennimalai belt, CSB, develop new, development and commercialisation, entered into an agreement, Erode based Five P Venture India Private Ltd, handloom silk products, Handloom weavers, niche products, not ventured into this far, revive heritage skills, Silk a niche fibre

Erode-based Five P Venture India Private Ltd has entered into an agreement with Bengaluru-headquartered Central Silk Board (CSB) for development and commercialisation of handloom silk products. Silk is a niche fibre, which they have not ventured into this far.

With the board’s technical support, they will be able to develop new, niche products, said Bharathi Chinnuswamy Chief Exective, adding “this development (referring to the MoU with CSB) could also help revive the heritage skills of the handloom weavers in Chennimalai belt.

Related Keywords: Agriculture Ministry, Bangladesh government, Begum Matia Chowdhury, Expansion of Cotton Cultivation Project, garment factories, modern cotton cultivation, o export readymade garments, project initiated to increase cotton production, provided training to over sixty thousand farmers, replace Indian cotton imports, set up demonstrations plot

Bangladesh government has set up 3,050 demonstrations plot for a project which has been initiated to increase cotton production for which they have provided training to over 60,000 farmers in modern cotton cultivation, said Begum Matia Chowdhury, agriculture ministry of the country.

Chowdhury also added that the government has initiated multiple programmes and projects such as Expansion of Cotton Cultivation Project (Phase-1) which was undertaken in financial year 2014-15 at an investment of Taka 105 crore.

Related Keywords: discuss with industry experts, evolution taking place, exchange information on matters affecting the entire textile chain, hosted by Indonesian Textile Association, International Textile Manufacturers Federation, ITMF Annual Conference, leaders in textile industry, provides an ideal international platform, textile manufacturers to interact

The International Textile Manufacturers’ Federation (ITMF) Annual Conference 2017 will be hosted by Indonesian Textile Association in Bali which provides an ideal international platform for leaders in the textile industry to discuss with industry experts the (r)evolution taking place, to exchange information on matters affecting the entire textile value chain and for textile manufacturers to interact with their peers from around the world.

Related Keywords: amid firm physical prices, blending prupose, buyers also bought second grade of line, Buyers bought better grades of lint, during trading session on lint market, fast depleting of better grades of lint, forward deals were made, inanticipating increase in general prices, KCA, KCE, slightly higher price, spot rate

Buyers bought better grades of lint on slightly higher price amid firm physical prices besides forward deals were made in anticipating increase in general prices and on fast depleting of better grades of lint during trading session on lint market. During the trading session, buyers also bought second grade of line at around Rs6,650 per maund for blending purpose.

The Karachi Cotton Association (KCA) kept the spot rate at Rs 6,200 per maund.

Related Keywords: application under customisation trend, Digital Printing Machinery zone, focus on short production cycle, introduce Belt Type Direct toTextile Inkjet Printer, low volume, on demand product, potential to move towards Industry 4.0, Shanghai Tex, trade fair, unleash latest digital printing technology

Shanghai Tex 2017, trade fair will unleash the latest digital printing technology and application under the customisation trend, besides potential to move towards Industry 4.0 with a focus on short production cycle, low volume and on-demand product. Due to high precision, flexibility and energy efficiency, digital printing has invoked much interest.

Related Keywords: global Swedish clothing manufacturing company, growing manufacturing sector, H&M, increase its economic ties with Ethiopia, keen interest to enter, lot of Swedish companies, Swedish Ambassador Jan Sadek, textile industry in Ethiopia

A lot of Swedish companies including the global Swedish clothing manufacturing company H&M has keen interest to enter the growing manufacturing sector, textile industry in Ethiopia, said the outgoing Swedish Ambassador Jan Sadek.

Sweden also seeks to increase its economic ties with Ethiopia.

This hopefully will be important in terms of raising hard currency, catalyzing the industrial development of Ethiopia and in creating massive jobs. These opportunities further enhance the two countries economic cooperation, according to the Ambassador.

Related Keywords: Asian countries, embrace Buy Zimbabwe concept, influx of cheap imports, operating under constrained capacity, promote industry, regardless of nobleness, seriously weighed down, wholesalers and retailers reluctant, Zimbabwe Textile Manufacturers Association, Zimbabwean textiles and clothing industry

Zimbabwe’s textiles and clothing industry is seriously weighed down by an influx of cheap imports from Asian countries and is operating under constrained capacity. However, wholesalers and retailers are reluctant to embrace the Buy Zimbabwe concept regardless of its nobleness said the Zimbabwe Textile Manufacturers’ Association, secretary-general, Raymond Huni.

He said that surely, more needs to be done, as wholesalers, retailers and some shop owners prefer imported fabric than buying local produced fabric. As usual, they use wrong codes to import and make huge profits.

Related Keywords: advised to fully tap opportunities, effectively manage personnel, fourth industrial revolution, increase productivity, overcome challenges, quantitative production, reach sudden development speed, reduce production cost, smart production, sustainable development, using intensive labor, Vietnam textile and garment sector, workshop held by VITAS

The 4th industrial revolution is predicted to reach a sudden development speed in the time ahead. Therefore, industries in Vietnam like the textile and garment sector using intensive labor are advised to fully tap opportunities and overcome challenges brought by the revolution. A workshop was held by the Vietnam Textile and Apparel Association (VITAS) in Hanoi on July 13 yesterday to discuss smart production towards sustainable development for the textile and garment industry.

Related Keywords: Director of Handloom and Textile Department, govt promised fifty percent subsidy, Max Society members, meeting in Sircilla, modernisation, need upgradation, owners of power loom units, seventeen thousand six hundred unit in district, Shailaja Ramaiyer, stressed need of modernisation of power loom units, urged to send proposals for upgradation

The Director of Handloom and Textile Department (H&T), Shailaja Ramaiyer chaired a meeting at the office of Joint Director of Handloom and Textile Department in Sircilla on Thursday with the owners of power loom units and Max Society members and stressed the need of modernisation of power loom units.

H&T department Additional Director Srinivas Reddy and IL&FS representative Chary, H&T Deputy Director Y Narayana and Joint Director Ashok Rao were present along with others.