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Related Keywords: demonetization of high value currency, lending small loans, micro-finance companies, no takers grey fabric, powerloom industry, powerloom weavers, reeling under crisis, Sircilla textile town

The micro-finance companies (MFIs) taking advantage of demonetization of high value currency are slowly re-entering the Sircilla textile town and lending small loans to powerloom weavers. Demonetization has cast its shadow on the powerloom industry which is already reeling under crisis due to no-takers for their grey fabric (produce) in Sircilla textile town.

Related Keywords: 2006 Preferential Trade Agreement, arbitrary and unilateral import bans, boost bilateral trade, high textile tariffs, import authorisation system, Iranian President Hassan Rowhani, non-tariff barriers, Pakistan Free Trade Agreement proposal, yet to get response from Iran

The Pakistan’s proposal of a Free Trade Agreement (FTA) made following Iranian President Hassan Rowhani’s visit to Pakistan in March when both the countries had decided to boost bilateral trade from $1 billion to $5 billion over the next five years has not yet got response from Iran, a highly-placed source said on Sunday.

Related Keywords: casual wears, fabric recycling, fashion industry, PET waste, plastic waste recycling, Recycle polyester fiber, recycled products, spun yarn recycling, textile industry of India, textile market, textile waste recycling, Yarn Fabric and Accessories Trade Show, yarns market

Gem Enviro Management Private Limited, formed to facilitate recycling of all kinds of packaging waste (such as PET, plastics, paper, etc) and marketing / promotion of recycled products, thus ensuring a greener and safer environment for the present and future generations, announced the launch of its new brand – Rivivere at the Yarn Fabric and Accessories Trade Show 2016, New Delhi. Rivivere stands for ‘live again or bringing to life again’, with the tag line "Redefining fashion and comfort"

Related Keywords: current fiscal year, enhance trade relations with African countries, increase volume of bilateral trade, Pakistan government, plan to attend international exhibitions, promotional activities, rade Development Authority of Pakistan, TDAP

The Pakistani government is focusing on promotional activities to increase the volume of bilateral trade with Africa. According to the sources at the Commerce Division, the Trade Development Authority of Pakistan (TDAP) to enhance trade relations with African countries is planning to attend 15 international exhibitions during the current fiscal year.

Related Keywords: Design service, independent or small industry weavers, international exhibitions, MUDRA Scheme, NERTPS, North East Region Textile Promotion Scheme, Pehchaan ID card, Union Minister for Texiles Smriti Zubin Irani inaugurates Apparel and Garment Making Centre in Imphal

Union Minister for Texiles Smriti Zubin Irani inaugurates Apparel and Garment Making Centre at Lamboi Khongnangkhong Imphal, Manipur on Sunday 27th November, 2016 in the presence of Shri Okram Ibobi Singh, Chief Minister, Manipur, under the North East Region Textile Promotion Scheme (NERTPS) of the Department of Commerce and Industry, Ministry of Textile.

Speaking at the event, Union Minister of Textile Smriti Zubin Irani said that Rs 200 crore would be provided for the Textile Promotion Scheme in the State by the Ministry.

Related Keywords: cotton yarn, delay in disbursement, downward trend, European Union, export of knitwear, export refund claims, exports declined, GSP, ICST, international market, Islamabad Chamber of Small Traders, largest foreign exchange earning sector, Pakistan textile exports, Preferential market access, raw cotton, shortage of electricity, textile owners

Pakistan’s textile exports, the largest foreign exchange earning sector is facing a downward trend by 12.11 percent in the current year. Exports have declined to $8363 billion this year. Although the country is reaping the benefits of GSP, it has shown bleak performance in the export sector over which the Islamabad Chamber of Small Traders (ICST) on Sunday expressed deep concern and terming it unacceptable.

Related Keywords: Bulk orders cancelled, cotton trade, demonetised notes, Ichalkaranji, Ichalkaranji Powerloom Weavers Cooperative Association Limited, major textile hub, Manchester of Maharashtra, national and international brands, raw material transportation delayed, ready cloth

Ichalkaranji a major textile hub in the country, known as the Manchester of Maharashtra, in just 15 day the daily turnover at has plummetted from Rs 45 crore to Rs 13 crore as traders are cancelling orders unless the mills accept payment in demonetised notes. Bulk orders have been cancelled and transportation of raw material has been delayed.

Related Keywords: design studio, finance minister Arun Jaitley, incubation centre, infrastructure facilities, knitwear exports, knitwear sector, pre-budget memorandum, Research and Development Centre, Silk Board or Coir Board, skilled labour, TEA, Technical textile, textile business, textile clusters, Tirupur Exporters Association

Tirupur Exporters' Association (TEA) In its pre-budget memorandum submitted to the Finance Minister Arun Jaitley, has urged the Centre to provide adequate infrastructure facilities such as world class design studio, Research and Development Centre and incubation centre for technical textile that will empower successful textile clusters.

These infrastructure facilities will facilitate rapid growth of not only the existing textile business, but also enable its foray into the niche segments creating quantum growth opportunities to the industry

In China, ASF prices were stable in Yuan terms but down US$2 a kg due to weak currency in the second week of November. Sinopec raised its November list prices to neutralize currency change, with cotton‐type staple 1.5D at US$1.88-1.89 a kg from Shanghai Petrochemical, US$1.84 a kg from Anqing Petrochemical and US$1.80 a kg from Qilu Petrochemical.

Related Keywords: acrylic staple fibre, acrylonitrile prices, ASF prices, asf prices in China, asf prices in India, asf prices in Pakistan

Asian ACN prices were down US$25 a ton CFR Far East Asia in the second week of November while Southeast Asia was down US$30 a ton on the week.

Acrylonitrile markets in Asia continued to be under pressure amid weak demand in the region. Demand in December is expected to be much slower, which also supported prices to move down.

Related Keywords: Acrylonitrile price in Asia, Acrylonitrile price in Europe, Acrylonitrile price in USA, asf producers, chemical grade propylene