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Related Keywords: all industries rate, allow availing of duty drawback, announcement by the Union Government, confined only to garments, domestic duty paid inputs, duty drawback concession, fabrics were imported under Advance Authorisation Scheme, made of fabrics produced, special package, Textile sector triggers worry, using man made fibres

Textile sector triggers worry over the announcement by the Union Government in a special package which allow availing of duty drawback at ‘all industries rate’ for domestic duty paid inputs even when fabrics were imported under Advance Authorisation Scheme.

As the generic permission of duty exemption to garments made of all fabrics will only result in even cotton fabrics getting dumped from abroad into the domestic market. Already, the textile mills that produce cotton fabrics and provide huge employment are in a predicament due to the glut in the market.

Related Keywords: APTMA, become unviable owing to a steep rise, boost falling exports, cost of doing business, expanding into retail markets, exports, revive closed production capacity, save collapsing industry, sharp increase in energy prices, shortages, support investment in textile industry, textile manufacturers, textile manufacturing

The textile manufacturers are expanding into retail markets as textile manufacturing and exports have become unviable owing to a steep rise in the cost of doing business mainly on account of sharp increase in energy prices and shortages in the last three years, said Aptma leader Gohar Ejaz.

Related Keywords: collaborated in a licensing agreement, ELLE DECOR, France-based Lagardère Active Group, great prices, Indian market, launch an exclusive range of home textiles, offer Indian consumers, textile firm, Trident Limited, under French brand, unique and high quality products

Trident Limited, a textile firm has collaborated in a licensing agreement with France-based Lagardère Active Group to launch an exclusive range of home textiles under the French brand, ELLE DECOR in the Indian market.

Related Keywords: Bt cotton, Bt. cotton a viable way of engaging with technology, Burkina Faso cotton yields, chemical use is down, Cotton Ginners Association, dwindling status of cotton production, farmers incomes have risen, Nigeria, Raw Materials Research and Development Council, seriously considering adoption of Bt. cotton, technology providers

Delegations from neighbouring Benin and Togo which included farmers, government officials, members of parliament and textile industry representatives visited Burkina to see for themselves how Bt. cotton has transformed the economy. Burkina Faso’s yields and farmers' incomes have risen, chemical use is down, and cotton and cottonseed oil have become major exports, after Burkina Faso's recent fiasco over Bt. cotton fibre length - and the decision by cotton companies to slow adoption while the issue is being resolved - is being interpreted differently in the region.

In Qianqing, PC (65/35) 32s yarn prices rolled over in the fourth week of June while 45s PC combed yarn prices remained unchanged on the week. 32s PV (65/35) were pegged stable during the week. In China, demand for blended yarns was depressed in this part of the year and this made difficult for spinners to hike prices in line with the rise of their material costs. However, PV and PC yarn prices rolled over on the week.

Related Keywords: pc yarn prices, Polyester prices, prices, psf prices, pv yarn prices, rayon prices, yarn prices

In India, viscose yarn prices inched up a bit in the fourth week of June due to unchanged VSF cost and significant rise in export. 30s viscose spun yarn prices inched up INR1 a kg in Indore market.

In May, exports of viscose yarns from India jumped more than 80% year on year, both in terms of volume and value. FOB prices were also up 5% in the comparable months.

Related Keywords: rayon prices, spun yarn prices, Viscose price, viscose price in china, viscose price in india, viscose price in Pakistan, viscose staple fibre price

Related Keywords: Coir pith is the top performer in terms of volume, declined as coir is witnessing stiff competition, export of items like curled coir, India is the largest exporter of coir products, other mechanised products like PVC tufted mats, Period under review, powerloom matting and handloom matting, rubberised coir, US tops list of countries in value

During the period under review export of items like curled coir, rubberised coir, powerloom matting and handloom matting have declined as coir is witnessing stiff competition from other mechanised products like PVC tufted mats.

India is the largest exporter of coir products such as mats, matting and rugs in the world. Coir exports during the last financial year recorded a 17% increase in value to touch Rs 1,901.62 crore, largely due to higher exports of coir pith.

Related Keywords: Cotton prices failed to maintain rising trend, due to declining rates, due to transportation problem, falling interest among buyers, ginners did not take interest in fresh buying, leading buyers and sellers were on the sidelines, local cotton market on Saturday, seed cotton price, trade activity came down ahead of Eid-ul-Fitr holiday

Prices failed to maintain rising trend on the local cotton market on Saturday due to falling interest among buyers, according to dealers. According to some brokers, trade activity came down ahead of Eid-ul-Fitr holiday.

The official spot rate shed Rs 50 to Rs 5,900, dealers said.

In Sindh seed cotton prices were at Rs 2900-3200 while in Punjab phutti prices were at Rs 3000 and Rs 3200, per 40 kg, respectively, dealers said.
In ready business, around 400 bales of cotton changed hands at Rs 6150.

Related Keywords: all cotton made available sold out, average price up, China state cotton auction, Chinese textile sector, global cotton prices remain subdued, healthy US crop yields, indicates shortage of high grade cotton, latet rounds of auction, pushing total amount sold excedd one million tonnes, strong demand for the material

At the China’s state cotton auction, all the cotton that was made available was sold out in an indicator of strong demand for the material. China sold 21,700 tonnes of cotton at an auction of state reserves on Tuesday, pushing the total amount sold in its latest rounds of auction now exceeding 1 million tonnes, far more than China sold all of last year.

According to industry analysts it indicates a shortage of high grade cotton in China’s textile sector.

Related Keywords: appointed 700 MBOs, engaged in textile sector, floated hundred percent subsidiary, for retail business, in tier I and tier II metro towns, Multi Brand Outlets all over India, offer more than 100 exclusive ranges of products, plans to open ten to fifteeen retail stores, Sangam India Ltd, Sangam Lifestyle Venture

Sangam (India) Ltd, an India-based company engaged in textile sector plans to open 10-15 retail stores in tier I and tier II metro towns by March 2017. At these stores, the company to offer more than 100 exclusive ranges of products. Till date, the company has appointed 700 MBOs (Multi Brand Outlets) all over India and intends to take this network to 1,000 by the end of this fiscal. The company has floated a 100 percent subsidiary - Sangam Lifestyle Ventures for its retails business.