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Related Keywords: addresses needs of distinct textile industry audiences, current drive to promote cashless transaction, customers, Dilli Haat, DoNER Ministry, Dr Jitendra Singh, introduce cashless sale facility, Modi Government, Northeast Stall Purbashree, Northeast textile products, Union Minister for Northeast

Union Minister for Northeast, Dr Jitendra Singh, keeping in tune with the Modi Government’s current drive to promote cashless transaction has decided to introduce cashless sale facility for its customers at the Northeast Stall ‘Purbashree’ at Dilli Haat, achieving the distinction of becoming the first-ever stall to promote cashless transactions.

Related Keywords: acquires Cordtech International, automotive industry, French technical textile and composites manufacturer, global industry, industrial fibers, marketplace, Porcher industries Groupe, producing world class fabrics, specializes in processing and treatment

The Porcher industries Groupe, a French technical textile and composites manufacturer that celebrated a century of producing world class fabrics for global industry announced acquisition of Cordtech International from the investment company RDC15. Cordtech International specializes in the processing and treatment of industrial fibers for the automotive industry.

Related Keywords: African Growth and Opportunity Act, AGOA exports, apparel exports to the U.S. growing, importing Asian fabrics, Kenya Association of Manufacturers, Kenya government, Kenyan Export Processing Zones, Kenyan farmers, manufacturers in East Africa, potential for cotton, seed cotton

Kenya government sees potential for their cotton through the AGOA exports which is a strong motivation to grow the industry this year after the U.S. extended its African Growth and Opportunity Act, or AGOA, by a decade. The initiative comes as manufacturers in East Africa’s biggest economy are counting on apparel exports to the U.S. growing.

Related Keywords: apparel and textile manufacturers, apparel exporters, demonetization, fashion brands and labels, fashion garment exporters’, Indian textile industry, organized textile sector, overseas textile traders, Taiwanese textile companies, textile business in india, textile exports of India, textile importers, textile innovation, textile retailers, Worldex India Exhibition & Promotion, yarns and fabric sourcing

Ms. Arti Bhagat, Director, Worldex India Exhibition & Promotion Pvt. Ltd. said “The organized textile sector has welcomed the decision of demonetization as it would streamline the transaction system which will result in transparent business transaction with overseas traders. The demonetization will affect Indian textile industry in India in terms of purchase of new yarns and fabric from cash payment and is also expected to reduce textile related export orders for a short duration.

In China, FDY70D/24F SD prices surged US cents 4-8 a kg in the third week of November while FDY40D were up US cents 5-9 a kg on the week. DTY 70D/24F prices also jumped US cents 5-11 a kg while 30D/10F rose US cents 4-7 a kg on the week.

Monofilament 30D prices inched up US cents 5 a kg, while nylon staple fiber 1.5D prices were up US cents 5-13 a kg on the week.

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

In China, spot offers for liquid goods jumped US$140 a ton in the third week of November while solid good offers surged US$110 a ton on the week. Asian caprolactum prices gained US$20-30 a ton SE and FE while Japanese goods were flat on the week.

Caprolactum prices marched higher given healthy downstream demand and recovering raw materials benzene against slightly increased supply. In China, spot offers for liquid and solid goods were raised sharply.

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

Related Keywords: ban on Indian import, cotton import, Cotton importers, cotton shortage, customs clearing agents, Department of Plant Protection, domestic prices, huge trade halt, India and Pakistan, LoC, stopped import of agriculture commodities, Wagah border

Cotton importers and customs clearing agents claim a huge trade halt between India and Pakistan. The Department of Plant Protection (DPP) has stopped the import of agriculture commodities from India without a warning or written order because of increase in tensions across the LoC.
Officials of the department confirm the same. According to them, import of agri items from India through the Wagah border crossing and Karachi port and issuing permits for future imports has been halted.

Related Keywords: Asian manufacturers, cheap clothing, Fiji, Fiji garment industry, International Sourcing Expo, Make it in Fiji initiative, stiff competition, Textile Clothing and Footwear Council

The Textile Clothing and Footwear Council(TCF) participated in the recent International Sourcing Expo Australia in Melbourne,through its Make it in Fiji initiative. TCF has been taking part in the Expo for the past seven years. But this year, TCF attended the Expo to maintain and strengthen its trade relations with Australia. It has a similar policy for New Zealand.

The reason is the stiff competition faced by Fiji’s garment industry from countries like China, Indonesia and Bangladesh, who are producing cheap clothing.

Related Keywords: ban on high denomination currency notes, consumption taking hit, Indian Texpreneurs Federation, low spending, more credit in yarn sales, poor off take of yarn and fabrics, practical help, short term working capital, textile sector

In the wake of the ban on high denomination currency notes, the textile sector was looking for some practical help from the Centre, as due to low spending, consumption was taking a hit and the retailers naturally were reducing the purchases, which was affecting the manufacturing in terms of poor off take of yarn and fabrics form the buyers, Indian Texpreneurs Federation (ITF) Secretary, Prabhu Dhamodharan said.

Related Keywords: ASSOCHAM Luxury Summit, design workshops, ecommerce companies, engage with artisans and weavers, handloom and handicraft products, Indian handloom sector, Memorandum of understanding signed, skilling weavers, upgrading looms

India sees a huge scope for promoting its handloom and handicraft products in the niche markets world over. Also the export of handicrafts continued to grow at the rate of 17 percent. As many global companies are willing to tie up with Indian weavers and artisans, the Union textiles ministry is looking to concentrate on new markets and opportunities for local handloom and handicraft sector.