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Related Keywords: demand further reduction of products, handloom textile items reduced from twenty one to eleven, PDEXCIL, Powerloom Development and Export Promotion Council, powerloom sector, require intricate skills, reserved for handloom textile item, saris with extra warp and extra weft designs, saris with solid coloured woven boarder, tie and dye saris

Power loom Development and Export Promotion Council (PDEXCIL), Chairman Duraisamy is of the view that the number of products reserved for handloom textile item has already been reduced from 21 items to 11. But for the products that require intricate skills, the restriction must be lifted for other items for which the handloom sector is unable to meet the demand.

The power loom sector in the region has voiced its demand for further reduction in the number of products reserved for handloom textile items.

Related Keywords: come up with cotton to textile value chain, cotton price, Ethiopian investors, farmers shunning the crop, interested to invest in Zim cotton, international market, open cotton sector to foreign investors, plummeting prices, revive cotton industry, taken a nosedive, Vice President Emmerson Mnangagwa, Zimbabwean cotton sector

The Zimbabwean cotton sector has over the years taken a nosedive due to the plummeting prices of the commodity on the international market, which has resulted in farmers shunning the crop. Vice President Emmerson Mnangagwa said that Ethiopian investors have expressed willingness to invest in the Zimbabwean cotton sector and hence the government will take the lead in ensuring that the cotton industry is revived.

He said that government will fully invest in the sector especially on the beneficiation thrust before opening the sector to foreign investors.

Related Keywords: apparel and accessories sales growth, apparel budget online, Apparel buying, apparel industry of US, apparel purchasing in US, clothing budget online, consumer trends in America, Goldman Sachs, online penetration of the apparel category

According to a CNBC report citing a Goldman Sachs studying profiling consumer trends in America, US apparel and accessories sales growth are poised to increase by a steady 20 per cent over the next four years compared to less than 10 per cent just six years ago.

In China, semi-dull FDY70D/24F and FDY40D prices were both down US cents 1-2 a kg in the first week of June.

Nylon DTY 70D/24F prices were down US cent 1 a kg while 30D/10F prices fell US cent 1 a kg on the week.

Monofilament 30D prices edged down US cents 4 a kg while 1.5D staple fiber also fell US cents 4 a kg during the week.

Nylon filament yarn prices were stable‐to‐soft on the back of firm nylon chip and caprolactum cost. With low operating intentions against weak buying interest, sales and production were under pressure.

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

In China, offers for liquid spot were quoted flat in the first week of June while solid goods offers were hiked during the week.

Asian markers, the SE and FE markers fell US$10-20 a ton. Sinopec raised its June nomination to US$1,540 a ton for liquid goods while Fibrant nominated June up at US$1,550 a ton for liquid goods.

High end goods nomination for June had not been released.

Caprolactum prices were stable to weak over that week on back of moderate demand and range bound benzene cost.

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

Related Keywords: attracted leading textile technology representatives, chemicals, dyeing, exhibition covered areas like, finishing and hosiery machines, great opportunity to foreign and local participants, international textile machinery exhibition, ITM Texpo EUrasia, knitting, printing, sub-industries, weaving, welcomed more Forty seven thousand visitors, yarns

ITM Texpo Eurasia, an International Textile Machinery Exhibition, which took place from 1-4 June at the Beylikdüzü Tüyap Convention and Congress Center, Istanbul, Turkey, besides attracting the sector’s leading textile technology representatives, welcomed 49,730 visitors.

ITM fairs, provided a great opportunity to foreign and local participants to present their new technologies. According to organizers, a great volume of sales and business contacts have been made.

Related Keywords: competitive advantage in cotton, cotton crop output target successful, cotton-based textiles receive an uplift, crop acreage, deeply inter connected, domestic cotton output, Exports can get a significant boost, give top priority, textile chain, value-added textile units, zero-rated sales tax regime

Exports can get a significant boost if cotton-based textiles receive an uplift and that is only possible if cotton crop output target is successfully achieved as both these are deeply inter connected.

Related Keywords: export oriented textile industry, exporters make shipment as per announcement, federal budget, Five Export Sectors' Associations, no-payment, no-refund, urge for immediate issuance of zero rated regime notification, value added textile

Five Export Sectors' Associations in Multan have urged the Federal Minister for Finance and the FBR chairman to immediately issue the notification for zero-rated regime for export oriented textile industry, so that exporters could make shipments as per announcements in the federal budget.

The value-added export sectors are waiting for the issuance of the SRO or notification of the decision, as they have to prepare export shipments as per the rule "no-payment, no-refund".

Related Keywords: agreement organized by Ningbo Municipal People’s Government, create jobs, establishment of Kwara Chitex textile Industrial Park, focusing on manufacturing, Kwara State Government, Ningbo Jinsheng Star Import and Export Company Limited, signed investment deal, stimulate economy, with a Chinese investor

Kwara State Government signed a $56 million investment deal for the establishment of Kwara Chitex textile Industrial Park in the state with a Chinese investor.

The agreement was signed between Governor Ahmed and Mr. Shi Zengchao, the Managing Director of Ningbo Jinsheng Star Import and Export Company Limited at the 18th China Zheijand Investment and Trade Symposium in Ningbo, East China at the weekend. Governor Abdulfatah Ahmed finalized all procedures on the deal during a trip to East China.

Related Keywords: best technical experts, four certificate course, hold one diploma course, NIFT TEA Knitwear Institute, production management, production technology and management, promoted by Tirupur garment exporters, signed draft MoU, Sri Lanka Institute of Textile and Apparel, Textile Industry, Tirupur knitwear cluster, utilize Lankan expertise

The NIFT-TEA Knitwear Institute, promoted by Tirupur garment exporters, and Sri Lanka Institute of Textile and Apparel signed a draft Memorandum of Understanding (MoU) in Colombo on Friday for utilizing the Lankan expertise on production management. The MoU will automatically get implemented once the Lankan Government gives the formal approval.

This tie-up is very important as the Lankan institute been famous for producing some of the best technical experts in production technology and management in the textile industry across the globe..