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Surat transporters offered govt plots for shifting textile godowns by SMC

Related Keywords: indefinite strike continues, meeting on Friday to finalize government plots, most traders took their parcels out, offer to allot government plots, shifting the textile godowns, SMC allowed to open godowns for two hours, Surat Municipal Corporation, Surat Textile Good Transport Association, Surat Textile Traders' Association

A meeting was held between Surat Municipal Corporation (SMC) deputy commissioner Jivan Patel and representatives of Surat Textile Good Transport Association (STGTA) and Federation of Surat Textile Traders' Association (FOSTTA) at SUDA Bhavan on Thursday in connection to the indefinite strike called by the textile goods transporters which continues for the fourth consecutive day.

DBL Group plans to invest $100m to set up garment factory in Ethiopia

Related Keywords: African nation to US markets, AGOA for African LDCs, bring back a substantial foreign currency, DBL Group, debt-funded venture of DBL, encouraged by duty benefits for exports, GSP scheme, next ten years provide zero duty benefits on export, plan to invest USD hundred million, set up integrated garment factory in Ethiopia, strengthen exports

DBL Group, a diversified business entity which has vertically integrated textile and apparel manufacturing facilities and a leading apparel exporter, encouraged by duty benefits for exports from the African nation to US markets plans to invest $100 million to set up an integrated garment factory in the Tigray region of Ethiopia.

Jute industry likely to lose Rs1,000 cr over new packaging recommendations

Related Keywords: Commission for Agricultural Costs and Prices, compulsory provisions do not develop or diversify production lines, exempt sugar, foodgrain packaging, high-value products, IJMA, Indian jute industry, jute bags, jute mills, recommends reduction in compulsory packaging, rising prices of raw jute, union textile ministry

The Commission for Agricultural Costs & Prices (CACP) has recommended reduction in compulsory packaging to 75 percent, from the present 90 percent, in case of foodgrain. As these compulsory provisions do not encourage the jute industry to develop or diversify its production lines to high-value products. But according to the jute industry, if the Union government approves the recommendations it will stand to lose Rs1,000 crore in the 2016-17 season.

Egypt, China signs agreement to establish textile city in Minya

Related Keywords: attract mre local and foreign investments, China National Textile and Apparel Council, Egyptian Textile Industries Council, enhancing bilateral cooperation, establish city of textile, plant to be built in Matahirah, promote development of textile industry, signed framework agreement, wide expertise in weaving and textile field

Egyptian Textile Industries Council and China National Textile and Apparel Council (CNTAC) have signed a framework agreement on executive measures aimed at establishing city of textile industries in Egyptian governorate Minya on Tuesday. The plant will be built in Matahirah over a surface of ''306 feddan'' (some 128 hectares).

Polyester yarn price inches up in India, Pakistan

In Shengze, offers for 32s polyester yarn rolled over in the second week of May and 45s were stable during the week. In Qiangqing, 32s were also steady on the week.

Spun polyester yarn offers were kept steady that week in China as producers offloaded goods at flat rate since there was no notable change in demand.

Some players saw rigid demand to replenish goods, while griege fabric producers had high inventory and little appetite for yarns.

Related Keywords: Polyester prices, polyester yarn prices, psf prices, spun yarn prices, yarn prices in china, yarn prices in India, yarn prices in Pakistan

PTA price falls on weak demand amid ample supply

Asian PTA markers lost US$2-10 a ton CFR China and CFR Southeast in the second week of May.

Yisheng Petrochemical issued price for PTA down while Hengli Petrochemical issued self-lifting offer at US$625-630 a ton.

Purified terephthalic acid prices softened in Asian markets on weak demand amid ample supply. Reports indicated that the continual fall in the PTA futures in China contributed to lower prices that week.

Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices

Pakistan, Uzbekistan, look at establishment of joint venture in cotton industry

Related Keywords: Ambassador of Uzbekistan to Pakistan, delegation comprising Uzbek diplomats, immense scope for increasing bilateral trade, instituting joint ventures, major cotton producer, meeting at PBIT, one of Pakistan’s primary economic sector, Uzbekistan biggest and fastest growing economy, well developed indigenous production of cotton related machinery

Ambassador of Uzbekistan to Pakistan Furqat Sidiqov leading a delegation comprising Uzbek diplomats with the agenda to follow up on Prime Minister Nawaz Sharif’s recent visit to Uzbekistan, during a meeting at the Punjab Board of Investment and Trade (PBIT) said that there is immense scope for increasing bilateral trade and instituting joint ventures between the two countries.

Bangladesh imports first batch of Kyrgyz cotton

Related Keywords: Bangladesh second largest clothes manufacturer, construct joint cotton-processing factory, establish logistics routes, export Kyrgyz cotton to Bangladesh, growing clothing industry, Honorary Consulate of Bangladesh in Kyrgyzstan, imported first batch of cottton from Kyrgyzstan, largest importer of Uzbek cotton, need for cotton increasing

Bangladesh, the world’s second-largest clothes manufacturer after China with its clothing industry growing, the country’s need for cotton is also increasing. For many years, Bangladesh is among the world’s largest cotton importers and largest importer of Uzbek cotton, while to this day it had never imported cotton from Kyrgyzstan due to a number of barriers (such as quality control). But on May 25, a first batch of Kyrgyz cotton arrived in the port of Chittagong in Bangladesh, said Temirbek Erkinov, the Honorary Consulate of Bangladesh in Kyrgyzstan.

Rise in jute fiber price pushes cultivation area in Srikakulam

Related Keywords: cultivation area in Vizianagaram ans Srikakulam district to increase, farmers slowly attracting to cultivate jute crop, Increase in jute crop cultivation area predicted, Jute Research Centre, plans to provide quality seeds for farmers, rise in jute fibre prices, wake of early rains

Scientists and agricultural officials have predicted increase in jute (mesta) crop cultivated area this year in the wake of early rains. For the past three years, jute crop cultivation area in Vizianagaram ans Srikakulam district has witnessed increase.

Uzbekistan begins exhausting harvest for silkworm Cocoon

Related Keywords: began harvest for silkworm cocoons in earnest, cocoon production policy, holds third place in global silkworm cocoon production, most famous export, process in Uzbekistan is crude, raw silk gathering facility, silkworm breeders, supply agreements signed with two hundred ninety farming enterprises, usual concern for rights violations, Uzbekistan

Uzbekistan that holds third place in global silkworm cocoon production, behind China and India and perhaps most famous export has begun its harvest for silkworm cocoons in earnest and with the usual concern for rights violations that the ancient industry brings with it. According to official figures, in 2015 silkworm breeders gather vast amounts of cocoons every year — as much 26,000 tons.

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