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Related Keywords: aim to showcase NER, association with Ministry of DoNER, CII, explore unlock huge potential, global destination for investment, industry associations FICCI, inherent skilled work force, initiative to organize first ever, Investor Summit exclusively for Northeast, locally available raw material, Ministry of Textiles, textile manufacturing

The Ministry of Textiles have take an initiative to organize first ever Investors’ Summit exclusively for the Northeast (NER) in association with the Ministry of DoNER and industry associations FICCI and CII with an aim to showcase the NER as a global destination for investment, and explore possibility of convergence of efforts of various central Ministries and North Eastern States to attract investment in NER.

Related Keywords: Bangladesh may emerge, dropping, first time to China, India exports of cotton and cotton products, Indian companies, labour-intensive sectors, largest importer, largest textile and garment exporter, set up shop in Bangladesh, soaring costs, yarn and fabric to China

India’s exports of cotton and cotton products, such as yarn and fabric in 201-17 to China, the world’s largest textile and garment exporter, dropping to $416.14 million, while those to Bangladesh touches $613.16 million in the first half of the current fiscal according to official data. Bangladesh may emerge as the largest importer of such item for the first time to China.

Related Keywords: Amhara Regional State Technical, Arab Countries, created market links, Djibouti, enterprises both locally and internationally, import much of textiles, incorporating mobilizer, India, major countries, participate close to 300 mobilizers, single textile enterprise, Sudan, Turkey, USA, Vocational and Enterprises Development Bureau

The Amhara Regional State Technical, Vocational and Enterprises Development Bureau, Ethiopia has created market links for 71,022 enterprises both locally and internationally by incorporating 161,000 mobilizer. This could possibly generate over 598,000,000 ETB in local markets, said Deputy Head with the Bureau, Kassa Alemu.

According to Kassa, 22 international enterprises have benefitted 565 mobilizers and could be possible to generate 420,000 USD.

Related Keywords: both countries negotiating, held in Kuala Lumpur, High Commission of Pakistan Malaysia, jointly organized by MATRADE, Malaysian companies, Pakistani businessmen, participation of over two hundred, reduce duties on tariff lines, Seminar on Doing Business with Pakistan, under FTA

A seminar on "Doing Business with Pakistan" was held on 21st Decemebr in Kuala Lumpur, jointly organized by Malaysia External Trade Development Corporation (MATRADE) and High Commission of Pakistan Malaysia saw participation of over 200 Malaysian companies and Pakistani businessmen. High Commissioner of Pakistan in Malaysia, Syed Hassan Raza at the seminar said that both countries Pakistan and Malaysia to facilitate businesses under the Free Trade Agreement (FTA) are negotiating to further reduce duties on existing and additional tariff lines.

Related Keywords: both public and private sector of Uzbekistan, extended invitation, headed by Ulugbek Rozukulov, high level Uzbek, joint ventures in textile sector, organize single country exhibition in Karachi or Lahore, Pakistan proposes Uzbekistan to explore opportunities, plan for trade promotion, provide opportunities to both the economies, regional trade

Pakistan proposes Uzbekistan to explore opportunities for joint ventures in textile sector also extended invitation to both public and private sector of Uzbekistan to organize a single country exhibition in Karachi or Lahore which were the commercial hubs of Pakistan, amid expectation that regional trade can provide opportunities to both the economies.

Commerce minister Khurram Dastgir Khan while chairing a meeting with a high level Uzbek delegation headed by Ulugbek Rozukulov, Deputy of the Prime Minister of Republic of Uzbekistan on Thursday gave the invitation.

Related Keywords: China, long-planned ethylene complex, plastics, produces synthetics, rubber and fiber, Sinopec Group, southern city of Zhanjiang, started construction, super large petroleum and petrochemical enterprise group

Sinopec Group, China’s super large petroleum and petrochemical enterprise group has started construction of a long-planned ethylene complex in the southern city of Zhanjiang.

The mega project, which includes construction of a refinery, is being built on the basis of a preliminary agreement as part of a 50:50 venture with the OPEC member Kuwait. The ethylene complex is likely to be completed by 2020.

Related Keywords: Conference on technical textiles, expected to attract one lakh crore rupees, home textiles, next industrial textiles, non-wovens, of twelve major technical textile items, organised by FICC Coimbatore, packtech has largest share, technical textiles fastest growing segments, Textile Industry

At a conference on technical textiles and non-wovens organised by Federation of Indian Chambers of Commerce and Industry in Coimbatore on Thursday, Mr. Senthil Kumar, chairman of Southern India Mills’ Association said that technical textiles is one of the fastest growing segments in the textile industry and it is expected to attract Rs. 1 lakh crore investments by 2025.

Of the 12 major technical textile items, packtech has the largest share with 42 percent. The next are industrial textiles and home textiles, each accounting for about 10 percent.

Related Keywords: apparel export industry, award for excellence in global exports for apparel sector, Chairman AEPC, good quality products aided by innovative design, initiatives announced by government, Integrated Skill development Scheme, poised to register positive grow, Rajani, start ups and SMEs, winners asked to be mentors

The apparel export industry is poised to grow in 2017 with the initiatives announced by the government along with the good quality products aided by innovative design prowess will drive the change for the industry. Ashok Rajani, Chairman AEPC said in the evening of the award for excellence in global exports for apparel sector.

The growth will also help in meeting the target of Rs. 6000 crore and create 1 crore jobs set up by Prime Minister, Shri Narendra Modi, in a special package for the Apparel Export Industry.

In Shengze, offers for 32s and 45s polyester yarn were up in the first week of December. In Qiangqing, 32s weaving yarn was offered flat during the week. In US$ term, they were up US cents 2-6 a kg on the week, due to strong Yuan.

Spun polyester yarn offers picked up further in China driven by PSF values, and the transaction was moderate. Since there was less than one month before China’s Lunar New Year, yarn producers started arranging shutdowns for the holiday. Meanwhile, PSF prices jumped to higher levels, gaining 3% in the week.

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 up US$8-9 a ton CFR China and CFR Southeast Asia marker in the first week of December. In China, offers for nearby-month goods were kept steady during the week.

Yisheng Petrochemical raised its selling price by US$5 a ton while Hengli Petrochemical also hiked US$5 a ton during the week.

Purified terephthalic acid prices rose in Asian markets on bullish futures and rising feedstock paraxylene cost. In China, domestic PTA market moved up followed by correction that week.

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