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Related Keywords: considerable slow, diverted buying towards Indian cotton, fearing long delay in payments, ginners reluctant to enter into big deals, Holiday mood, leading spinning groups, local market under the grip, slow arrival of quality cotton, slowing down business, trading activity, world cotton market

As the holiday mood prevailed in world cotton markets, the local market have also come under the grip of general lethargy, slowing down business deals to a very low level, brokers added.

Due to Christmas and New Year holidays trading activity has slowed down in world leading cotton markets, this has also reflected on domestic market. Ahead of bank closing, ginners were reluctant to enter into big deals fearing long delay in payments against their deals Keeping trading activity considerable slow on Monday at cotton market in Pakistan.

Related Keywords: development plan not suitable, enjoy many advantages in development, fifteen percent per year, held a growth rate of export value, proposes review development plan, reach USD twenty nine billion, real development of the industry, this year export value expected, Vietnam textile industry

In the five years from 2010 to 2015, the Vietnam textile industry held a growth rate of export value at 15 percent per year. This year export value is expected to reach $29 billion.

The target in export value was much lower than the figures in reality and the development plan was not suitable with the real development of the industry. The textile and garment industry was slated to reach US$20 billion in export value in 2015, but the industry hit an export value of $27.5 billion.

Related Keywords: Akhila Karnataka Kaimagga Nekarara Sangha, All Karnataka Handloom Weavers Association, allow functioning of powerlooms, consider weaving not industry or commercial activity, dwelling place, from past weavers run handlooms, part of culture and lifestyle, powerlooms fixed with shuttle, residential buildings, urged State government

The Akhila Karnataka Kaimagga Nekarara Sangha (All Karnataka Handloom Weavers Association), MLC and president, M.D. Lakshminarayana has urged the State government to allow functioning of powerlooms in residential buildings. As from the past, weavers have been running handlooms and powerlooms fixed with shuttle in their dwelling place.

As per the Cluster Development Plan (CDP) for textile industry formed by the State government in 2013, powerlooms are barred from functioning in residential areas.

Related Keywords: CCI, cotton prices spiked, cotton trades firm, customers in the textiles industry, ensure supplies, impact of currency crunch, lower arrivals, market rates, MSP, resorted to commercial purchase of cotton, state run Cotton Corporation of India, surpassing globle prices, under the Ministry of Textiles, various parts of the country

The state run Cotton Corporation of India (CCI) a premier organization under the Ministry of Textiles has resorted to commercial purchase of cotton at market rates from various parts of the country to ensure supplies for its customers in the textiles industry.

Related Keywords: cotton mercerised yarn, Elgi Electric, high twist yarns, Jyotirmaye Textiles, polyester yarn, rayon yarn, Textile engineering solutions, Textile Industry, textile innovations, textile machineries, Textile mills, viscose rich blends, Yarn Conditioning System (YCS), yarn quality, yarn selling price, yarn spinners

M/s Jyotirmaye Textiles, during ITME INDIA 2016, finalized its requirement of 1800kg YCS with Elgi Electric and released the order and advance along with Elgi Electric’s selling partner M/s Voltas Limited.

Yarn Conditioning System (YCS) is the need of every spinner to improve the yarn quality like hairiness, strength, elongation as well increase in moisture gain to reap the full benefits and attain highest yarn selling price.

In China, FDY70D/24F SD prices surged US cents 19 a kg in the second week of December while FDY40D soared US cents 16 a kg on the week. DTY 70D/24F prices were up US cents 12 a kg on the week while 30D/10F rose US cents 16-26 a kg during the week.

Monofilament 30D prices were up US cents 27 a kg, while nylon staple fiber 1.5D prices surged US cents 26 a kg on the week.

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

Asian caprolactum prices jumped US$150 a ton SE and FE markers in the second week of December. In China, spot offers for liquid goods surged US$485 a ton on the week.

Sinopec hiked its December contract nomination while Fibrant raised its nomination for December which was up US$195 a ton from last week.

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

Related Keywords: boost exports, bring in valuable foreign exchange, broaden its export base, consider negotiating trade agreement, consolidate the industry, l give some room to breathe, maximum of four to five years, restoration of trade agreements, Sri Lanka, the EU, the GSP plus can be enjoyed, used to accomplish many medium and long term goals

Sri Lanka should seriously consider negotiating trade agreement with the EU, as the GSP plus can be enjoyed for a maximum of 4-5 years at most. The restoration of trade agreements will give some room to breathe and consolidate the industry. It can be used to accomplish many other medium and long term goals, which will not only be beneficial to the apparel industry, but boost all the exports from Sri Lanka, said the new Chairman of the
Sri Lanka Apparel Exporters Association (SLAEA), Felix A. Fernando.

Related Keywords: Aparel exports of India, Apparel Export Promotion Council, bring paradigm change, governments future-oriented initiatives, help push apparel sector, industry body AEPC, innovative designs prowess, likely to touch more than thirty billion USD, modernize textile sector, next three years

India's apparel exports likely to touch more than $30 billion in the next three years, according to industry body AEPC as the government’s future-oriented initiatives to modernize the country’s textile sector will help push apparel sector.

Apparel Export Promotion Council, referring to the government’s Rs.6,000 cr special package announced in June for the textiles sector said that this move, along with innovative designs prowess will bring about a paradigm change for the industry.

Related Keywords: aim to promote good governance, by the State Procurement Agencies, facilitate purchase of Jute bags, Jute Industry, launched JUTE-SMART, online portal, to support jute workers and farmers, Union Minister of Textiles Smriti Irani

Union Minister of Textiles Smriti Zubin Irani with an overall aim to promote good governance has launched ‘JUTE-SMART’ an online portal to facilitate purchase of Jute bags from the Jute Industry by the State Procurement Agencies. Annually, nearly Rs 5,500 crore worth of jute sacking is procured through the government to support jute workers and farmers.