News Tags

Related Keywords: bridge the digital divide, bring global market at doorstep of weavers, directly sell products online, educate, engage with weavers in Bagalkot, focus on sustainable growth and welfare of weavers, Indian Handloom Brand, iShippo.com, Ministry of textile, online marketplace, other clusters in the state of Karnataka, train and empower weavers

India Handloom Brand under Ministry of Textile - Government of India is opening up to change, focusing on sustainable growth & welfare of the weavers. Keeping this in mind, iShippo.com an online marketplace for home based business joins Development Commissioner Handloom of the Ministry of Textiles, Government of India, to educate, train and empower weavers to directly sell their products on the iShippo.com online portal.

Related Keywords: Buying by mills, cotton bales, Cotton market, Ginners, Ginning factory, keep prices at present level, modest trading, official spot rate unchanged, seed cotton

Buying by needy mills to cover their immediate requirements helped prices to hold present levels on the cotton market on Wednesday in the process of modest trading. The official spot rate was unchanged at Rs 5,550, dealers said.

In ready session, over 600 bales of cotton finalized between Rs 5100 and Rs 5850 and in Sindh, seed-cotton prices were at Rs 2800-3100, per 40 kg, as per dealers.

Related Keywords: an innovative process, and protect the environment, closed loop textile recycling initiative with I:CO, ending up in landfils, H&M major fashion retailer, impact fashion, mission to save fashion, preserve natural resources, reduce waste, sorting items for reuse, textile recycling

Major fashion retailer H&M is on a mission to save fashion from ending up in landfills, and its closed-loop textile recycling initiative with I:CO is the first step in doing so. As the fashion industry is said to be the second dirtiest industry in the world, second only to big oil.

Related Keywords: annual pan-African textile, boost trade between African countries, cash injection aimed at bolstering job creation, clothing and footwear trade event, exhibitors at Source Africa, IDC, Independent Development Corporation, investment, promote African-made textiles, textile industry appears to be stabilizing, unemployment biggest challenge

The Independent Development Corporation (IDC) is one of the exhibitors at Source Africa - the annual pan-African textile, clothing and footwear trade event currently taking place in Cape Town. The event brings together manufacturers, buyers, suppliers and service providers from across the continent, Asia and even the United States of America.

Traders from all over the continent and further afield are under one roof in Cape Town to promote African-made textiles to international buyers and to boost trade between African countries.

In China, medium-length staple fiber and cotton-type staple prices rolled over in the last week of May.

Anqing Petrochemical and Qilu Petrochemical nominated 1.5D cotton-type fiber at US$1.90 a kg and US$1.84 a kg, respectively.

Strong uptrend in acrylonitrile prices has been asserting heavier pressure on acrylic staple fibre producers. However, due to weak sentiment in downstream and terminal markets, liquidity remained insipid.

In China, May settlement prices were released at flat levels to the list prices while sentiment generally changed marginally.

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

The CFR Far East Asia marker gained US$10 a ton in the last week of May while Southeast Asia was up US$15 a ton.

In China, offers for offshore cargoes shot up US$70 a ton CFR China on the week.

Acrylonitrile prices rose across the Far East Asia, Southeast Asia and South Asia markets amid dearth of supply.

Tight supply in China triggered price hike while deepsea cargoes stem sharper hikes in SEA/India. In China, spot prices continued to march north while Sinopec raised offer for eastern China market.

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

Related Keywords: acquire DMC, Blue Gem, British investment fund, clothing industry, creative leisure activities sector, DMC Group, Dolfus Mieg & Co, increasing online sales and promoting the brand, leisure crafts, market leader in fashion apparel fabrics, spark innovation in embroidery, strong market position in household textiles and trimming

The DMC (Dollfus-Mieg & Co.) Group, market leader in fashion apparel fabrics and leisure crafts. It also occupies a strong market position in household textiles and trimmings for the clothing industry to be acquired by British investment fund Blue Gem at the end of July. This announcement was made by DMCs management from its headquarters in Mulhouse, eastern France on Friday .

Related Keywords: getting ready for bigger growth, grow export industry, push local textile manufacturers, reached steady state, revise policies and agendas, Sactwu, South African Clothing and Textile industry, South African Clothing and Textile Workers Union, textile industry to re-orientate programs

The South African Clothing and Textile industry has reached steady state and is getting ready for bigger growth and grow the export industry for which the South African Clothing and Textile Workers Union (Sactwu) aims at pushing local textile manufacturers to revise policies and agendas.

Sactwa said that the Trade and industry minister Rob Davies participated in a Clothing, Textile and Leather Industry Imbizo event aimed at injecting new life into the textile industry held at the Cape Town International Conference Centre.

Related Keywords: Apparel exports, Central Bank of Sri Lanka, comprise nearly fifty two percent of total exports, Garments exports increased to the European Union, sharp decline in import, Sri Lankan apparel sector, Sri Lankan textile and garment exports, the United States, trade deficit, witnessed modest increase in February

Sri Lankan textiles and garments exports that comprise nearly 52 percent of total exports, during the month of February witnessed modest increase by 10.3 percent and helped to curb the negative growth of total exports to some extent, according to the Central Bank of Sri Lanka (CBSL).

Garments exports to the European Union and the United States have increased by 11.7 percent and 8.7 percent, respectively, in February 2016.

Related Keywords: boost exports, budget announcement, export oriented industries, issuance of Statutory Regulatory Order, Pakistan Finance Ministry, retail sales, Sales tax, value added textile industry, zero rate regime

The Finance Minister Ishaq Dar after announcing zero rate regime in the budget on 3rd of June for export oriented industries to boost exports, a long standing demand of the value added textile industry. Textile industry is now waiting for the issuance of Statutory Regulatory Order (SRO) on zero-rate regime for export-oriented industries.