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Related Keywords: called for investigating the matter, contributed to the decline in exports, Decline in export of cotton cloth, despite enjoying cheaper electricity, determine actual consumption of cotton yarn, exchange rate issues, gas, not justrifiable, outdated technology, shift in demand patterns, Textile mills, weakening global commodity prices

In a meeting of the Economic Coordination Committee (ECC) held on December 31, 2015, Finance Secretary Waqar Masood Khan commented that decline in the export of cotton cloth despite enjoying cheaper electricity and gas was not justifiable and called for investigating the matter in order to determine the actual consumption of cotton yarn by the textile mills.

Finance Minister and ECC Chairman Ishaq Dar also suggested further analysis of the data to find out the actual reasons and factors responsible for the drop in exports.

Related Keywords: active in textile, antimony-free process, biggest trade fair, chemical and plastic, dedicated to home and contract textile sector, eco yarn, large Italian corporation, partake in Heimtextil, post-consumer recycled PET bottles, present as part of FR Total Care initiative, RadiciGroup, Radyarn and Starlight yarn ranges, solution-dyed yarns

RadiciGroup, based in Gandino, Italy, is a large Italian corporation active in several industries like textiles, chemicals and plastic with factories in Italy, Germany and Romania will partake in Heimtextil, the world’s biggest trade fair dedicated to home and contract textiles sector.

Related Keywords: Indian Muga silk, Muga caterpillar, Muga silk industry in India, silk farmers in India, silk of Assam, University of Leicester in Britain

In order to save Muga silk industry in India, researchers at the University of Leicester in Britain have developed viruses that could halt the decline of 'Muga' caterpillar in India which produces one of the finest silks in the world.

Muga caterpillars, which produce a highly valuable silk, are dying from bacterial infections, in Assam, India.

During the last few years, the caterpillars have been in decline because they are eating infected leaves.

The researchers believe that the viruses which they have developed would save the silkworms from disease.

Related Keywords: achieve USD three hundred billion textiles exports, address adequate skilled work force, approval from Cabinet, attract investments, create thirty five million jobs, labour reforms, New national textile policy, road map, textile sector, Textile and Clothing industry, Textile Ministry, Union Minister Santosh Gangwar

Textiles Ministry to seek approval for the new national textile policy from Cabinet for which they will be approaching the Cabinet in 10-15 days, said Union Minister Santosh Gangwar today.

The new policy aims to achieve USD 300 billion textiles exports by 2024-25 and envisages creation of additional 35 million jobs.

The policy also aims to address concerns of adequate skilled work force, labour reforms, attract investments in the textile sector, and to provide a future road map for the textile and clothing industry.

Related Keywords: access to common markets of US and EU, basic garment, casual fashion garment, China in high value, depreciation of yuan, face potential threat, fall in exports growth rate, hand embodied, India has strength in value added, Indian apparel exporters, International Apparel Federation and Clothing Manufacturers Association of India

India has its strength in the value-added, hand-embodied, casual fashion garments consisting of small orders, whereas China has its strength in high value, basic garments. The depreciation of Yuan, if continued further, after yarn, the Indian apparel exporters would face a potential threat as both the countries have access to the common markets of US and European Union, according to Rahul Mehta, President International Apparel Federation and Clothing Manufactures' Association of India.

Related Keywords: Djibouti and Bangladesh, forty seven countries in November, found for polyester yarn exports, Germany, India exported, Iran, major slow down seen in exports, Nine countries did not import, polyester spun yarn, Slovenia, Sri Lanka, Syria and Taiwan, the fastest growing markets, Thirteen new destinations, to Italy

India exported a total of 2.56 million kgs of polyester spun yarn to 47 countries in November 2015 totaling US$5.73 million, out of which 16.8 percent was shipped by Turkey. The unit price realization was averaging US$2.24 per kg down by US cents 39 a kg and in value terms it was also 9.7 percent down as compared to November 2014.

In November, thirteen new destinations were found for polyester yarn of which, Nigeria, Ecuador, Cote D'Ivoire, Togo and Mauritania were the major ones.

Related Keywords: continues to shut down, demands regulatory duty of ten percernt, Gujranwala Chamber of Commerce and Industry, hit hard, massive import, nominal custom duty, overloaded supply of Indian Acrylic yarn, Pakistani local industry of Acrylic Yarn, safeguard local industry, soaring cost of doing business, through Wagha border

The Pakistani local industry of Acrylic Yarn is hit hard and continues to shut down due to overloaded supply of Indian Acrylic yarn in local market, as the massive import of this item is continuing at very nominal Custom Duty under HS Code: 5509.3200 through Wagha border.

In China, semi-dull FDY70D/24F prices were down US cents 7 a kg in the last week of December while FDY40D remained unchanged.

Nylon DTY 70D/24F prices fell US cents 6 a kg while DTY 30D/10F prices rolled over.

Monofilament 30D remained flat on the week while 1.5D staple fiber further declined US cents 4-11 on the week.

Low operating pressure due to softening of caprolactum and semi-dull nylon chips prices, nylon filament yarn prices continued to moderate.

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

In China, liquid good offers in spot market edged down to US$1,525-1,540 a ton while solid goods fell to US$1,585 a ton in the last week of December.

Sinopec announced January contract nomination at US$1,585 a ton for liquid goods while DSM Nanjing announced nomination at US$1,590 a ton for liquid goods and US$1,625 a ton for solid goods.

Asian markers, the SE and FE markers were pegged at US$1,240-1,260 a ton while December contract price for high-end goods were not announced.

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

Related Keywords: Apparel Sourcing, casualwear manufacturers, clothing and textile accessories, European textile market, functional fabrics makers, international ready-to-wear products, linen and hemps, Messe Frankfurt France, Texworld Paris

The forthcoming Texworld Paris event, organised by Messe Frankfurt France, will take place at Paris Le Bourget from 15-18 February 2016.

Texworld Paris would play a significant role in facilitating the connection between the European market and international manufacturers.

The February 2016 event will mark a turning point for Apparel Sourcing, the trade fair for sourcing the widest range of international ready-to-wear products. The trade fair is experiencing a good increase of around 30% of clothing and textile accessories manufacturers, currently totalling more than 230 exhibitors.