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Related Keywords: improve competitiveness, Indonesia apparel and clothing accessories, Indonesian government, industrialization effort, labour intensive industry, local businesses, no import tariff, planning to ease import procedures, regional competitors like Vietnam, TPT industry, TPT raw material

The Indonesian Government is planning to ease import procedures to improve the competitiveness of local businesses with regional competitors like Vietnam, which has no import tariff, as opposed to Indonesia’s fees of 5-20 percent.

President Joko “Jokowi” Widodo instructed the relevant ministries for the same in a limited Cabinet meeting. He said that the import procedures must be simplified for Textile and textile product (TPT) raw materials to lift the burden off businesses

Jokowi said the TPT industry was in need of immediate revitalization to push further industrialization.

Related Keywords: absence of a payment arrangement, Decline of cotton supply to textile units, disruption in sourcing, finished product, following similar trend, IJMA, jute mill, production of raw jute, rural and secondary markets, supply of raw jute to mills, the jute supply, vis-a vis demonetization

With the decline of cotton supply to textile units vis-a vis demonetization, the jute supply is also following a similar trend. The supply of raw jute to mills estimated a disruption in the sourcing of Rs 4,000-crore worth of the fibre from rural and secondary markets in the absence of a payment arrangement.

Related Keywords: established marketing agencies, fabric and apparel major Raymond, initiative taken under KVIC Act, Khadi and Village Industries Commission, MoU signed, new line of clothing under the brand Khadi by Raymond, open new stores, promote sale and marketing of Khadi, sell ready-made garments and fabric, technical and design expertise, use Khadi mark

The Khadi and Village Industries Commission (KVIC) is set to certify the fabric and apparel major Raymond to use Khadi mark to sell ready-made garments and fabric. The initiative is taken under the KVIC Act that permits it to promote the sale and marketing of Khadi or products of village industries or handicrafts and forge links with established marketing agencies.

As per the signed MOU, Raymond has agreed for a guaranteed initial procurement of a substantial amount of Khadi fabrics from the 2300 clusters under KVIC in the initial year.

Asian MEG prices rose US$7 a ton CFR China and CFR South East Asia marker in the fourth week of November. In China, negotiations rose from in the initial period of the week, and retreated by the weekend.

Mono ethylene glycol prices rose opening the week on short covering by traders while January MEG futures remained volatile. In China, MEG market moved up initially, and then moved down as market sentiment turned lackluster and on rumors that polyester producers postponed the listing of MEG futures. In East China inventory was seen rising.

Related Keywords: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices

Asian paraxylene prices gained US$7.50 a ton CFR Taiwan/China and FOB Korea in the fourth week of November. Isomer mixed xylene fell US$0.50 a ton FOB Korea on the week. S-Oil nominated December contract was down US$20 a ton than November.

Paraxylene markets in Asia were largely aided by mid-week rise in crude and mixed nominations for Asian contract price. Isomer-grade mixed xylenes was assessed down on the week. S-Oil nominated lower than its November while Idemitsu Kosan and JX Nippon Oil & Energy nominations were flat to November numbers.

Related Keywords: paraxylene price, paraxylene prices in Asia, paraxylene prices in Europe, paraxylene prices in US, PX price

The fourth edition of Putrajaya International Islamic Arts and Culture Festival (PIIACUF) 2016 currently ongoing where visitors will get to see the wonders of Islamic arts and culture. The event is expected to attract 500,000 visitors.

Themed “The Glorious Textile of the Islamic World”, the festival showcases a line-up of cultural programmes and activities revolving around fine intricate textiles and its unique skills and techniques as well as arts and crafts.

Related Keywords: cotton bales, Cotton market in Pakistan, due to renewed buying, official spot rate remained still, phutti rates. ready session, replenish their stock, seed cotton price, spinners seen indulged in fresh buying, witnessed improved trading activity

Cotton market in Pakistan witnessed improved trading activity due to renewed buying on Tuesday, dealers said. The official spot rate remained still at Rs 6250. As per the market sources, the spinners were seen indulged in fresh buying to replenish their stock.

In Sindh, seed cotton prices were at Rs 2600-3300, while in Punjab, phutti rates remained at Rs 2800 and Rs 3550, as per 40 kg, dealers added.

According to cotton analyst, Naseem Usman, prices of quality lint may maintain stable in the near future.

Related Keywords: bring sports fabric weaving, create employment, envirnomental friendly textile products, Everest Textiles, Everest Textiles USA, fabric manufacturing site, finishing operation, Forest City, high performance sports apparel, innovative, invest over five years, Taiwan, Taiwan based maker, unit of Everest Textile Co. Ltd

Everest Textiles, Taiwan based maker of high performance sports apparel will invest $18.5 million over five years to bring a sports fabric weaving and finishing operation at a site in Forest City. This will create employment for 610 at the manufacturing facility. This was announced by Governor Pat McCrory, North Carolina Commerce Secretary John E. Skvarla, III, and the Economic Development Partnership of North Carolina (EDPNC).

Related Keywords: allotted export entitlements, applicable in respect of countries exports are covered, Canada and European Union, competent registering authorities, effect from beginning of January next year, Export entitlement quota, exporters registered, extended for one year, fabrics and made-ups, FCFS system, Knitwear, readymade garments, US, yarn

The export entitlement quota for readymade garments & knitwear, yarn and fabrics & made-ups to the US, Canada and European Union extended for one year with effect from 1 January, 2017.

As per a notification issued by Textiles Ministry, it states that the Union Government decides to extend the operation of the residuary provisions of yarn, fabrics & made-ups export entitlement (quota) policy for a further one year with effect from 1 January, 2017,

Similarly, it also extended the operation of the residuary provisions of garments and knitwear.

Related Keywords: allotted to textile and clothing manufacture, development of the industrial areas, Egypt government, increase value of textile and clothing exports, minister of Trade and Industry, policy of developing ten industrial areas, second largest industry in Egypt, Tarek Kabil

The Egypt Government’s policy of developing 10 industrial areas allotted to textile and clothing manufacture gets an impetus by the announcement made by the minister of Trade and Industry, Tarek Kabil.

According to the announcement,the Ministry of Trade and Industry will provide 1m sqm of land for textile and clothing industries in Badr City in December as part of the government’s plan.The development of the industrial areas will take place within a time period of 5 years.