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Related Keywords: after achieving increase on yearonyear in March, export of value-added products grew, eyeing more than USD five hundred million increase, knitwear grew, next three months, Pakistan government, readymade garments rose, textile exports

Pakistan government is eyeing more than $500 million increase in textile exports in next three months after achieving a 6.2 percent increase on year-on-year in March worth $1.064 billion.

The recent increase in the textile sector after a long dip is due to the decrease in duties, said officials at the Ministry of Textiles. They have zeroed customs duty from 4 percent. Likewise, sales tax has been zeroed from 5 percent. They have introduced made-ups.

Related Keywords: among the six nations, Bangladesh most attractive destination, competence in supply of quality products, competitive prices, European retailers, Kurt Salmon, leading global strategy consulting company, Myanmar making comeback, six garment producing nations, study conducted based on the production cost indices, textile and apparel industry

Bangladesh is the most attractive destination of European retailers among the six nations due to its competence in the supply of quality products at competitive prices, according to the study conducted based on the production cost indices (PCIs) of six garment-producing nations – Bangladesh, China, India, Morocco, Myanmar and Turkey by Kurt Salmon, a leading global strategy consulting company focused on the retail industry.

India is third, followed by Morocco, Myanmar and Turkey.

Related Keywords: deadline for ending direct subsidies, export incentive to any sector, export subsidy regime, foreign trade policy, global market, including textiles, India, per capita gross national income, phase out all export incentives, set to cross USD thousand, textile companies, three consecutive years, World Trade Organization rules bar

India may face the larger challenge of completely phasing out all export incentives with its per capita gross national income (GNI) set to cross $1,000 for three consecutive years, after which India may soon have to phase out its export subsidy regime in the current form as World Trade Organization (WTO) rules bar it from offering export incentives to any sector, including textiles, when it reaches certain thresholds that it is nearing. The deadline for ending direct subsidies to textile companies is December 2018.

In China, offers for 32s polyester yarn in Shengze inched up US cents 2 a kg in the second week of April. In Qiangqing, 32s weaving yarn prices gained US cents 3 a kg on the week.

Polyester spun yarn market in China was steady for the moment and offers for 32s and 45s were up, with the latter seeing moderate sale. However, spun yarn industry entered a slack season and if the market weakens continuously, producers will show low interest to replenish inventories, and most of them will produce to meet rigid demand.

Related Keywords: Polyester prices, polyester yarn prices, psf prices, spun yarn prices, yarn prices in china, yarn prices in India, yarn prices in Pakistan

Asian PTA prices were down US$22 a ton CFR China and CFR Southeast Asia in the second week of April. Yisheng Petrochemical’s selling price inched down US$5 a ton while Hengli Petrochemical’s selling price rolled over on the week.

Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices

Related Keywords: fashion designers, focusing on promoting traditional textiles, Indian states, keen to create own state owned brands, promoted on national and international platforms, roped to enhance the commercial viability, traditional and indigenous textiles, under the Make in India initiative

The Indian states like West Bengal, Manipur, Assam, Telengana and Madhya Pradesh under the Make in India initiative are keen to create their own state-owned brands by focusing on promoting traditional textiles.

Huge budgets have been allocated for this purpose. These traditional and indigenous textiles are being promoted on national and international platforms. The fashion designers have also been roped in to enhance the commercial viability of the products.

Related Keywords: at the forthcoming worlds largest exhibition, circular knitting machines, DEIMO 2900SL controller, DEIMO Knitting Solutions of Switzerland, equipment for hosiery manufacturing, knitting mills, leading manufacturer of control systems, showcasing latest technological innovation, Stäubli, YiwuTex

Stäubli’s DEIMO Knitting Solutions of Switzerland, a leading manufacturer of control systems for knitting mills will be showcasing its latest technological innovation DEIMO 2900SL controller for circular knitting machines, at the forthcoming the world’s largest exhibition for equipment for hosiery manufacturing Yiwutex 2017.

Related Keywords: AMSilk GmbH, develop high performance Products, entered into a new strategic partnership, Gruschwitz Textilwerke AG, production, sales of technical threads and yarns, specialized in development, supplier to processing industry, using Biosteel R fiber, Worlds first industrial supplier of synthetic silk biopolymers

The world’s first industrial supplier of synthetic silk biopolymers, AMSilk GmbH, has entered into a new strategic partnership with its already existing partner Gruschwitz Textilwerke AG, a supplier to the processing industry has specialized in the development, production and sales of technical threads and yarns.

Related Keywords: brings together all existing schemes, practical industry requirements, replacement of old looms, Smriti Irani, tailoring to meet, Tirupur textile industry, under Powertex scheme, Union Textiles Minister, with new rapier shuttleless looms

Union Textiles Minister Smriti Irani visited to Tirupur textile industry to accord thrust to replacement of old looms with new rapier shuttleless looms, under the Powertex scheme that brings together all existing schemes for the sector, while also tailoring them to meet the practical industry requirements.

The Minister took stock of the facilities at the Powerloom Service Centre at Surampatti in the city and held discussions on the implementation of central schemes the new Powertex scheme which would pave way for the manufacture of 'zero defect’ products in the textile sector.

Related Keywords: based in Pakhara, beneficial services, established by an industrialist, first textile recycling factory, located in Kodar of Bhojpur Municipality, new useful items, pillows and more, recycling old textile, such as mattresses, Surya Factory

Surya Factory, first textile recycling factory established by an industrialist based in Pakhara who who leased land for the factory from Jhadap Bahadur Khatri. The factory is located in Kodar of Bhojpur Municipality.

The factory provides beneficial services to the likes of Koirala by recycling old textile into new useful items.

The general habit of generating waste and littering has stopped due to recycling. Simultaneously, it has provided an economic boost to many people. The factory charges customers for each kilogram of textile they want to recycle.