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Botswana misses to fully exploit opportunities presented by AGOA

Related Keywords: Botswana, Botswana eligible for AGOA, dominating almost all AGOA exports, fails to fully exploit opportunies, local businesses lagging behind to international trade, presented by AGOA, textiles benefited most, unilateral trade arrangement by U.S. for African countries

Botswana seems to be failing to fully exploit the opportunities presented by the African Growth and Opportunity Act (AGOA) a unilateral trade arrangement by the U.S for African countries. Although Botswana has most of the factors that are required to be eligible for AGOA, local businesses are still lagging behind when it comes to international trade, particularly in exporting to the United States of America.

Botswana is empowered to export 6,500 products under AGOA, with textiles having benefited the most, dominating almost all AGOA exports.

Rajasthali with fashion designer Bibi Russel all set for a makeover

Related Keywords: Bibi Russel, brand provides marketing umbrella to artisans, flagship brand of handicrafts markeing wing, Rajasthali, Rajasthali set for makeover, RSIC, sell products without being fleeced by middlemen, showcase craftsmanship, with expertise of Bangladeshi fashion designer, work on reinventing Rajasthali

Rajasthali - the flagship brand of the handicrafts marketing wing of the Rajasthan Small Industries Corporation Ltd (RSIC), government of Rajasthan undertaking committed to promote the handicrafts of the colourful state of Rajasthan. The brand provides a marketing umbrella to the artisans to showcase their craftsmanship and sell their products without being fleeced by middlemen. Rajasthali with the expertise of Bangladeshi fashion designer, Bibi Russel is all set for a makeover.

Blended yarn price gains in India on rising fibre prices

In India, 30s (65/35) PV warp yarn prices in the second week of April gained INR2 a kg (up US cents 3) in Indore market. In Ludhiana, PC 30s (52/48) prices rolled over during the week.

The recent hikes in PSF and VSF price in India, pushed PV prices up that week in Indore market while demand was still weak. Meanwhile cotton prices also gained substantially, but PC market was yet to react as prices rolled over, implying that they might rise in coming weeks. Spinners will tend to pass-on cost if demand remains firm.

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

Viscose yarn price edges down in China, up in India

In China, prices of 40s compact sirospun yarn in Jiangsu fell US cents 2 a kg in the second week of April while 30s spun viscose in Xiaoshan rolled over. Offers for ring-spun 30s yarn also fell US cents 3 a kg.

Viscose spun yarn prices were stable to weak in China, as prices at some mills were negotiable due to rising inventory. The fall largely followed the moderation in VSF prices hit week after 13 consecutive weeks of rise.

Discussions for Xiaoshan origin ring spun yarn were down while Fujian origin sirospun 40s yarn was offered at previous week’s level.

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

Nytil moves up the textile ladder

Related Keywords: dysfunctional plant, invested in the operation and processes of the factory, known as Nytil, oldest textile factory, plant has a spinning capacity of eight tonnes per day plant has a spinning, produce T Shirts, purchasing modern facilities, Southern Range Nyanza, still active in textile manufacturing business, Uganda imports armed forces uniform

Southern Range Nyanza, also known as Nytil, despite inheriting a dysfunctional plant 20 years ago, the story of the country's oldest textile factory seems to have taken a turn for the better as it still active in the textile manufacturing business.

Nytil general manager, Vinay Kumar, said that they employ nearly 1,500 people, most of whom are women. They have three shifts and produce 18,000 T-shirts per day and they are the major suppliers of uniforms of armed forces in the region, among other whole range of products.

Event graphics specialist Insite Graphics invests £200,000

Related Keywords: direct-to-textile high resolution printer, event graphics specialist firm, Insite Graphics, latest printing resource, made a significant investment, opens up fabric print market for the company

Insite Graphics, one of London's largest print specialists in the production of large format graphics. James Winzar , Managing Director of Insite Graphics, said that the company has made a significant investment of £200,000 which opens up the fabric print market for the company.

According to Winzar, the latest printing resource - a large format, direct-to-textile high resolution printer- allows us to deliver high definition graphics normally found on traditional substrates, but on to fabrics.

Indian textile sector needs to revamp labour conditions

Related Keywords: Apparel Export Promotion Council, garment factories making apparel for global brands, India largest manufacturers of textiles and apparel, Indian Textile, International labour organisation, labour conditions, many of them employed by suppliers to Western retailers, on a wide check

Taking the example of Apple Inc., which tackled poor wages and working conditions at the factories of its partner Foxconn in China after criticism from consumers among others, the labour conditions in Indian textile is also now on a wide check.

The conditions of garment workers in South Asia have come under sharp scrutiny following the 2013 Rana Plaza disaster in Bangladesh, in which 1,135 workers were killed, many of them employed by suppliers to Western retailers. In India, legislation exists against bonded labour and child labour, but enforcement is weak.

Zero-rating status a hope for decline in textile exports

Related Keywords: customs rebate, drawback on local taxes and levies, export oriented sectors, FBR, government to grant zero rating status, huge liquidity outstanding, PAF, Pakistan textile industry, RPOs, sales tax refund, value added garment sector

The Pakistan textile industry has been facing troubles due to huge liquidity outstanding in sales tax refund, customs rebate and drawback on local taxes and levies claims. In the wake of this downslide the value-added garment sector expect the Government to grant zero-rating status to five export-oriented sectors to boost the country’s exports.

Indian textile exports remain flat at $40 bn in FY16 lower than target set

Related Keywords: done well compared to other sectors on export front, Indian textile industry, lower than the target set, poor market conditions, recessionary trends in Europe and the US markets Government for textile and clothing, subdued trend in exports, TECHNOTEX, textile exports remained flat at USD 40 million, Union Minister Santosh Gangwar

The textile industry despite poor market conditions has done well as compared to other sectors on export front. India’s textile exports remained flat at $40 billion in 2015-16 which is lower than the target of $47.5 billion set by the government for textile and clothing, Union Minister Santosh Kumar Gangwar said after the inauguration of Technotex 2016 conference here.

The industry experts said that the subdued trend in exports was due to recessionary trends in Europe and the US markets. In 2014-15, textile exports stood at $41.4 billion.

Trading activity remains moderate amid firm spot rate at cotton market

Related Keywords: buyers and sellers entangled in price war, cotton bales, Cotton market, KCA, production of lint in ginneries of Sindh and Punjan, remained firm, remained moderate, strong spot rate amid higher demand for fine grades, trading activity

The trading activities remained firm in cotton market with strong spot rate amid higher demand for fine grades, traders at Karachi Cotton Association (KCA) said on Friday. The buyers and sellers were entangled in price war while deals for all grades changed hands on competitive prices in Sindh and Punjab stations at around Rs 5,000 per maund to Rs 5,400 per maund while production of the lint in the ginneries of Sindh and Punjab remained moderate, however around 3,960 bales were produced, floor brokers said.

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