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Indian textile industry likely to double its productivity by 2030

Related Keywords: currently contributing five percent to GDP, Energy and environment management costs, Financial packages, fourteen percent to overall index of Industrial production, hurting the sector, Indian textile sector, once a key industrial sectors, rebates, sector has potential to grow five times to around USD five hundred billion market

The Indian textile sector once a key industrial sectors in India, currently contributing 5 percent to India’s GDP and 14 percent to overall index of Industrial production. The sector has potential to grow 5 times to around $ 500 billion market, according to a study conducted by Wazir Advisors and PCI Xylenes & Polyester.

Lebanese Armenian family plans investment in home textile

Related Keywords: Armenian eEntrepreneurs, company has rich experience, establish and start production later this year, establish production of home textiles in Armenia, intend to make investment, Lebanese Armenian family of Nazarians, met Armenian Minister of Economic Development and Investment Suren Karayan, towels and bathrobes

Lebanese Armenian family of Nazarians intend to make investment to establish production of home textiles in Armenia, in particular, towels and bathrobes.

Armenian Minister of Economic Development and Investment Suren Karayan who had a meeting on January 27 with the Lebanese Armenian Nazaryan family that the company has rich experience in this field in different countries.

The Lebanese Armenian entrepreneurs presented their plans to the minister and discussed also taxation and customs related issues, as well as the possibility of import of raw materials.

Bhopal state govt to form special policy to encourage garment industry

Related Keywords: employment, encourage garment industry, in the last one decade, industrial friendly policy, Industry, International and All India Textile Conference, Madhya Pradesh emerged as a hub of the textile industry of the country, Mineral Resources and Overseas Indians, Minister for Commerce, Rajendra Shukla, special policy being brought, Textile Industry

Madhya Pradesh has emerged as a hub of the textile industry of the country in the last one decade due to the industrial friendly policy of the state government. Minister for Commerce,Industry, Employment, Mineral Resources and Overseas Indians Rajendra Shukla addressing the 14th international and 72nd All-India Textile Conference held in Bhopal said that a special policy is being brought soon to encourage garment industry in the state.

More than 300 representative of textile industry are taking part in the conference.

Polyester yarn price moves up in India, Pakistan

In Shengze, offers for 32s polyester yarn were offered stable in the second week of January. In Qiangqing, 32s weaving yarn was offered flat on the week.

Spun polyester yarn prices were stable in China inspite of poor enquiry and transaction. More producers shut down units with the holiday drawing near, and they lowered selling interest and demand lacked good news from downstream polyester market.

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

PTA price jumps in Asia, Europe

Asian PTA prices gained US$3 a ton CFR China and CFR Southeast Asia in the second week of January.

Purified terephthalic acid markets sentiment in Asia were bullish ahead of Lunar New Year and are expected to hold steady in January amid stable-to-firm demand from China and India, unlike in previous years when the Lunar New Year period had translated to weaker sentiments. PTA price rose on the week amid talks of tightening supply while feedstock paraxylene rose week on week.

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

Gujarat based clothing, textile MSMEs to soon get an e-commerce platform

Related Keywords: apparels, benefit from this, buy and sell their products through online exchange, committed e-commerce platform, GCCI, idea was perceived, MSMEs, MSMEs in clothing, needed for Micro, pre-budget consultations, Small and Medium enterprises, Textile, Vibrant Gujarat Global Summit

During the Vibrant Gujarat Global Summit and pre-budget consultations, the idea was perceived that a committed e-commerce platform was needed for Micro, small and medium enterprises (MSMEs) to buy and sell their products through online exchange, according to Mamata Verma, Industries Commissioner, Government of Gujarat.

Fukushima entrepreneur work on reviving Aoki cotton industry

Related Keywords: Aizu cotton, called Aoki cotton, hick and durable, known for vertically striped pattern, once enjoyed great popularity for quality, only material from Aoki district of Aizubange, repeated washing makes it feel soft, set up a company, Takuro Yazu, Various types of Aizu cotton, work on reviving Aoki cotton., young entrepreneur

Among the various types of Aizu cotton, only material from the Aoki district of Aizubange called Aoki cotton known for its vertically striped pattern, once enjoyed great popularity for its quality. Aizu cotton is thick and durable and repeated washing makes it feel soft.

Demand for Aoki cotton took a downturn, though, amid changing lifestyles after World War II and all production plants in the town of Aizubange were closed some 30 years ago.

European trade expo for Asian apparel sourcing opens this February

Related Keywords: eight Asian countries, European companies, meet apparel manufacturers, Messe Berlin. Just over three hundred companies will be on show, professional sourcing marketplace, sixth edition of ASIA APPAREL EXPO, specialized garment industry expo, suppliers, take place this February

The sixth edition of ASIA APPAREL EXPO, this specialized garment industry expo is a professional sourcing marketplace for European companies to meet with apparel manufacturers and suppliers from eight Asian countries will take place this February at Messe Berlin. Just over 300 companies from Hongkong, China, Bangladesh, India, Pakistan, Sri Lanka, Taiwan and Vietnam will be on show.

Textiles Ministry keen to improve raw jute quality

Related Keywords: certified seeds offered at fifty percent subsidy, farmers yield, Improved Cultivation and Advanced Retting Exercise programme, India tops in raw jute production, keen to improve quality of raw jute, part of jute product diversification drive, proposes to widen scope of Jute I-CARE, reduce the time of retting jute fibre, Union textiles ministry

The Union Textiles Ministry to improve the quality of raw jute and farmers’ yield in India as part of jute product diversification drive proposes to widen the scope of Jute I-CARE (Improved Cultivation and Advanced Retting Exercise) programme.

The Ministry recently held a meeting with the Union Agriculture Ministry to discuss ways and means to involve State governments in the project and to expand the scope of the programme.

Lint price remain firm on back on better grades issues

Related Keywords: according to their immediate need of lint, anticipation of a decline of spot rate, back of the grade issue, forward trading, grade issues, Karachi Cotton Association, leading buyers remained selective, market sentiments were firm, other buyers made deals, second grade lint, spot rate

The leading buyers remained selective on grade issues while other buyers made deals according to their immediate need of lint on the back of the grade issue and in anticipation of a decline of the spot rate. The market's sentiments were firm on forward trading, traders at the Karachi Cotton Association (KCA) said.

During the trading session, buyers of Sindh and Punjab stations made deals for better grades on a cautious note, while sellers offered all grades of lint at around Rs 5,975 per maund to Rs 6,425 per maund in order to capitalize maximum returns on their proceeds, brokers said.

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