News Tags

Related Keywords: after year long review, Ankara could resort to anti dumping duties, damaging domestic production, dealing potential blow, impose measures, invited to send in responses, majority of US cotton sold by four firms, to the report, Turkey, Turkey cotton imports, US and Turkish traders, US cotton imports, worlds third grower of natural fibre

Turkey after a more than year-long review, dealing a potential blow to the world's No 3 grower of natural fibre amid concerns Ankara could resort to anti-dumping duties as US cotton imports are damaging their domestic output.

The Economy Ministry in an interim investigative report stated that cotton imports originating from the United States have caused material damage to their local production.

Related Keywords: Aloe Vera, began in Kozhikode, berries, Colours extracted from leaves, flowers, National Handloom expo, Onion peels, pith of jackfruit tree, red sandal, saffron flowers, stall of Kollam handloom, tree barks, trying to popularize, Union ministry of textiles, unique organic cotton fabric dyed in natural colours, used to dye fabrics

The National Handloom Expo began in Kozhikode on Saturday where stall of Kollam handloom is notable for the unique organic cotton fabrics dyed in natural colours. Kollam handloom has come up with an array of fabrics as well as clothes made using this technology, which the Union Ministry of Textiles is now trying to popularize.

Related Keywords: capitalize on each other's eco strategic leverage, conducted jointly, cotton, feasibility study, Korea Institute for International Economic Policy, launch FTA, Pakistan and South Korea, Pakistan has comparative advantages in textiles, Pakistan Institute of Trade and Development, Pakistani Ambassador Zahid Nasrullah Khan, rounds of negotiations

Pakistan and South Korea to hold rounds of negotiations to launch a free trade agreement (FTA) to capitalize on each other's geo-strategic leverage, following an ongoing feasibility study conducted jointly by Pakistan Institute of Trade and Development and the Korea Institute for International Economic Policy since July 2015, is expected to be completed by June.

Pakistani Ambassador Zahid Nasrullah Khan, in an interview with The Korea Herald highlighted the policy of prioritizing trade and investment with Korea since Prime Minister Muhammad Nawaz Sharif took office in 2013.

Related Keywords: apparel export hub in global market, destress the industralists, focus on textile and apparel sector, Global Investors Summit, handloom industries, Happening Haryana, lack of investment and skilled manpower, promoting Gurgaon, seventh largest apparel exporter in the world

‘Happening Haryana’ is an initiative of the Haryana government to de-stress the industrialists of the textile and apparel sector which were thoughtful of lack of investment and skilled manpower in the sector.

Held from March 7 in Gurgaon, the forthcoming investor summit focuses on textile, apparel and handloom industries along with other sectors such as agro-Based, food Processing industry,pharmaceutical and chemical industries,etc. The state government is looking forward to luring investors for these industries at the event.

Related Keywords: apparel manufacturing unit, Calico Designs and Calico Fashions, centralised storage facility, Gram Panchayat of the Kozhikode District of Kerala, innovative plan to boost textile sector, Kudumbasree, Kudumbasree District Mission, make the clothes available at nominal rates, modern technologies, mother satellite unit, Vastramandala launched

The Gram Panchayat of the Kozhikode District of Kerala, Kudumbasree, has launched a very innovative plan of boosting the textile sector in the district.This novel idea is Vastramandala. It is a syndicate of two apparel manufacturing units and one mother satellite unit in the constituency under Kudumbasree.

Related Keywords: availability of water, boost textile sector, defunct textiles parks, exploit domesitc and international markets, facing basic infrastructure issues, Kavita Gupta, many cotton growing states, proximity with consuming market, remain unoperational, revive textile parks, sanitation, Textile Commissioner, uninterrupted electricity

Confirming the Government’s initiative to boost the textile sector, Textile Commissioner Kavita Gupta, said that the government is planning to revive textile parks currently remained un-operational. The government is committed to extend all possible supports to the textile sector to exploit the potential lies in both domestic and international markets. She also confirmed that investment won’t be hindrance to the plan.

Related Keywords: cotton, Demand for cheaper prices, domestic output, exportable goods becoming uncompetitive, exporters of cotton textile products, Fabrics and Home Textiles, FTAs, international market, Texprocil, textile raw material, yarns

The largest producer of cotton in the world finds that its exportable goods are becoming uncompetitive in the face of the raw materials in India available for the manufacturing of these goods turning out to be costly.

Currently, the raw materials are available at marginally higher prices in local markets than the prevailing prices in the international markets.

Hence, the textile industry has urged the government to make cotton available for textile mills at prices cheaper than the prevailing prices in the international markets.

Related Keywords: acquire apparel company Itokin, Hiroko Koshino and Michel Klein, imminent insolvency, Integral, Integral plans to reduce Itokin brands, Japanese investment fund, pouring resources into e-commerce, promote mainstay brands, rehabilitation efforts, store renovations, struggling Japanese apparel giant turnaround efforts

Japanese investment fund Integral will acquire apparel company Itokin for an estimated 16.5 billion yen ($144 million) to lead its turnaround efforts. Itokin, the struggling Japanese apparel giant's decision to get help from investment fund Integral in its rehabilitation efforts came as the company faced the prospect of imminent insolvency.

The company said that Integral will obtain new shares in Itokin via a private placement for 4.5 billion yen ($39.5 million) on Feb. 26 and gain 98% in voting rights. The fund will appoint three directors to Itokin's board to oversee the operations.

Related Keywords: appealed to Union Minister, India EAEU Free trade agreement, Indian Texpreneurs Federation, market diversification, Nirmala Seetharaman, overcome challenges raised by TPP, Russia imports, Russia main country in EAEU, scope for export of Indian textile products, take active part in JSG process, top priority to textile sector, untapped markets

The Indian Texpreneurs Federation (ITF) has appealed to Union Minister Nirmala Seetharaman to give top priority to textile sector in the on-going study of India-EAEU Free Trade Agreement (FTA) and also thanks her for swift finalization of first draft of the Joint Study Group (JSG) report on the feasibility of FTA.

In a letter to the Minister, ITF Secretary, Prabhu Dhamodaran said that there were tremendous opportunities awaiting the Indian textile products in this region.

Prabhu said that ITF was willing to submit data and also take active part in this JSG process.

Related Keywords: China largest export market, crossbred wool, drop value of New Zealand dollar, micron wool, New Zealand wool prices, NewZealand wool prices, North and South Island wool auctions, remain firm, rival synthetic fibres cheaper, sheep numbers fall, this week auction, underpinned by a smaller national clip, used for carpet

Wool prices held firm at New Zealand wool auction even though Chinese buyers were not present due to the Chinese Lunar New Year holiday this week. China is the largest export market of New Zealand. At the auction, some 83 percent of the 12,024 bales of wool offered were sold.