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Related Keywords: apprehensive that post-GST, availability of cheaper labour, cheaper imported garments, cost of manufacturing is lower, countries such as Bangladesh and China, FICO, increase in imports, Industrial hub of Ludhiana, negatively impact Indian Textile and Apparel Industry, protection for domestic players, special additional duty, stands removed

The industrial hub of Ludhiana is apprehensive that post-GST, there will be an increase in imports from countries such as Bangladesh and China, where the cost of manufacturing is lower due to the availability of cheaper labour. This cheaper imported garments will negatively impact the Indian Textile and Apparel Industry.

In the case of apparel imports, the government had earlier levied the Special Additional Duty (SAD) as a protection for the domestic players. With the GST, this duty protection stands removed and imported garments would be 5-6 per cent cheaper, sources said.

Related Keywords: CCCT, decided to give a practical shape to the MoU, establishment of joint ventures, exchange of information and technology, fairs, Pakistan and Chinese, PRGMEA, Promote cooperation, r investment and level-playing field, signed MoU in March last year, textile and apparel companies, training, visits from both sides

To promote cooperation between Pakistan and Chinese textile and apparel companies, The Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) and China Chamber of Commerce for Import and Export of Textile and Apparel (CCCT) had signed MoU in March 2016. The two associations have decided to give a practical shape to the MoU.

It is the first time that a Pakistani garment sector body signed such an agreement with the overseas stakeholders for strengthening mutual trade of garment and textile.

Related Keywords: Asean, Conference Export of textiles and apparels on ASEAN India Cooperatio, Export of textiles and apparels, India has enormous potential, Indian business, Myanmar offers huge opportunities, third day of the Textiles India Summit, to act as a reliable soucing partner, Union textile minister Smriti Irani

India has enormous potential to act as a reliable soucing partner for ASEAN, said Union Textile Minister Smriti Irani addressing the 'Conference on ASEAN India Cooperation' on the third day of the Textiles India 2017 Summit.

She said that there are huge opportunities for collaboration between India and ASEAN in capacity building, sharing of knowledge and technology, and mutual assistance in education, research and development.

Related Keywords: adjusted downward, adversely affected by slow arrivals, closed easy in line with global trend, cotton bales, Cotton market, cotton trading, crisis-ridden textile industry, Karachi Cotton Association, lacked buying interest, new cotton crop, no hurry to build up stock, phutti, seed cotton, spot rate

Cotton trading on Monday lacked buying interest and closed easy in line with the global trend. Cotton market was adversely affected by slow arrivals of phutti (seed cotton).

Moreover, a crisis-ridden textile industry is cautious and seems to be in no hurry to build up stock from the new cotton crop, they maintained.

Recent rains across the country also hampered cotton picking both in Sindh and Punjab which restricted the availability of cotton.

In China, FDY70D/24F SD prices rose US cents 3 a kg in the third week of June, while FDY40D inched up US cents 2 a kg on the week. DTY prices were flat.
Nylon filament yarn prices marched higher although nylon chip cost eased a bit while caprolactum prices remained flat. Downstream converters maintained stable operation and demand was moderate with off season drawing near.

Warp knitting, weaving and AJ covering sectors operated stably while circular‐knitting mills and lacing mills were still operating at half their capacities, implying modest demand for nylon yarn.

Related Keywords: caprolactum price, nylon chips prices, nylon filament yarn prices, Nylon prices, nylon prices in China

Asian caprolactum markers, the SE and FE were flat in the third week of June, while high‐end contract price was offered stable on the week. In China, spot liquid and solid goods offers rolled over during the week.

Caprolactum prices were steady that week on the back of range‐bound benzene and supply constraint easing somewhat. Demand remained modest as run rates at polymerization units and yarn makers were at 75%, with no change in inventory levels. In contracts, both Sinopec and Fibrant raised their June contract nominations bring them to a same level.

Related Keywords: benzene prices, caprolactum price, caprolactum price in China, Nylon prices

Related Keywords: curated and produced, Evolution of Textiles of India, handwoven textiles, IMG Reliance Industries Ltd, including Payal Khandwala, incorporated into the industry, known fashion designers, more responsible way, showcased collections at the platform, sustainable and long term, Textile India 2017 exhibition, The Indian Handloom Show, two fashion shows

As part of the Textile India 2017 exhibition, there were two fashion shows that are curated and produced by IMG Reliance Industries Ltd -- Evolution of Textiles of India and The Indian Handloom Show. Some known fashion designers, including Payal Khandwala, showcased their collections at the platform.

At the event designer Payal Khandwala said that handwoven textiles must be incorporated into the industry in a more responsible way, one that is sustainable and long term. That requires commitment and a belief in these products and long term support.

Related Keywords: from Schweiter Technologies AG, offers opportunities for Rieter, positive impact on earnings per share, Rieter acquired the SSM Textile Machinery division, Rieter investing in adjacent fields of textile value chain, segments of filament yarn production, short staple spinning machines, SSMs expertise in field of precision winding

Rieter acquired the SSM Textile Machinery division (SSM) from Schweiter Technologies AG, Horgen, Switzerland. With this acquisition, Rieter is investing in adjacent fields of the textile value chain.

SSM’s expertise in the field of precision winding offers opportunities for Rieter in the business with short-staple spinning machines. Rieter will continue to operate SSM in its current form and with the existing management. The business will be attached to the Business Group Components as an independent unit.

Related Keywords: buttons, cannot grow without exports, Clothing Manufacturers, concluding day of Textiles India, digitalization needed, ease of doing business in India, elastics etc, highlighted importance of exports, import a lot of raw material, India has to grow rapidly, like laces, makes production expensive, NITI Aayog CEO Amitabh Kant, textile sector

NITI Aayog CEO Amitabh Kant at the concluding day of Textiles India 2017 held in Gandhinagar, Gujarat highlighted the importance of exports in the textile sector and the ease of doing business in India. He said that if India has to grow rapidly, it cannot grow without exports. They still import a lot of raw material like laces, buttons, elastics etc, which makes production expensive for the (clothing) manufacturers.

In China, PC (65/35) 32s yarn prices were steady in Zhejiang in the third week of June, while 45s PC combed yarn prices rolled over on the week. PV 32s were also flat but all were down US cent 1 a kg due to weak Yuan.

Blended yarn prices were relatively steady across China, India and Pakistan with PSF and VSF prices bottoming out in recent weeks. In China, yarn import prices have begun declining due to a sharp drop in cotton futures thus, the difference between domestic and import prices have narrowed down, but still very wide enough to the detriment of yarn importers.

Related Keywords: pc yarn prices, Polyester prices, prices, psf prices, pv yarn prices, rayon prices, yarn prices