News Tags

Related Keywords: become Chinese satellite companies, bring outdated technology, Chinese expanding their production, Chinese FDI, method allows to avoid strict regulations, stop encouraging investment in textile industry, taking over Vietnamese operation, textile factories cause big environmental problems, Vietnam local authorities, Vietnamese textile producers

Vietnam local authorities have stop encouraging investments in the textile industry because textile factories cause big environmental problems. Therefore, Chinese to expand their production in Vietnam are taking over operating enterprises.

Related Keywords: compared with other participating nations, competitive ability. get biggest benefits from TPP, focus on garments and textiles, great chance boost exports and join the global supply chain, help Vietnam complete market-orientation targets, improve its business environment, TPP, Trans Pacific Partnership

At a workshop held in Ho Chi Minh City last week. Dr Nguyen Tien Dung, principal of the Law-Economics University, during his speech said that Vietnam has the lowest level of development in the 12 Trans Pacific Partnership (TPP) nations but Vietnam is seen as the country that will benefit the most to get the biggest benefits from the TPP, compared with other participating nations, and this will be a great chance for the country to boost its exports and join the global supply chain.

Related Keywords: Chief Minister Devendra Fadnavis, crop loan, having announced setting up integrated textile park in Amravati, improve the economic condition of farmers, Maharashtra state government, set up second integrate textile park in Beed, spent to improve infrastructure of farms, usher in processing of agricultural produce

The Maharashtra state government after having announced the setting up of an Integrated Textile Park in Amravati and recently Raymond has declared its intention to do the same that will help in generating more employment opportunities. Chief Minister Devendra Fadnavis on Sunday said that the state government will soon be setting up its second integrate textile park in Beed.

Related Keywords: fabric suppliers in India, fabrics and garment accessories, global textile industry, textile and apparel industry in India, textile exports, textile value chain, Yarn Fabric and Accessories

Yarn Fabric and Accessories Trade Show 2015, New Delhi proved skeptics wrong and turned out to be a major hit with both, exhibitors as well as buyers, as a majority of suppliers at the show expressed full satisfaction with their participation, while most of the buyers too said they were satisfied with their visit to the first of its kind South Asian show.

Related Keywords: apparel fabric suppliers, denim fabric industry, international textile sourcing, Korean textile companies, South Asia’s textile and clothing industry, textile buyers, Yarns and Fibres

South Asia’s only international sourcing show on yarns, apparel fabric, denim fabric and clothing accessories was held at the Sri Lanka Exhibition & Convention Centre, Colombo, Sri Lanka, on 16th & 17th November, 2015.

Intex South Asia has been designed to strengthen South Asia’s textile and clothing industry, providing access to industry developments, networking opportunities and strategic initiatives to help expand industry and business, all under one roof.

Related Keywords: approval for setting up apparel park at Angamaly, boost business at Garment Cluster, business space for individual units, design factory with advanced facilities, increase production, Mahila Apparels Garments Cluster, remaning cost by state government, state Industries department, to bear ten percent cost, training institute

The State Industries Department has given approval for setting up Rs11 crore apparel park at Angamaly which is expected to boost business at the Garments Cluster by upto 300 percent. According to the project report, 10 percent of the cost will be borne by the Mahila Apparels Garments Cluster, while the State Government will bear the remaining cost.

Related Keywords: cotton exports to Pakistan may reach a record, cotton imports, created by lower off take from China, faces substantial drop in cotton production, Increased buying from Pakistan, largest cotton production state, make up for shortfall, Pakistan banking on Gujarat, Pakistan helped exporters, pushed up prices of cotton

Pakistan, the neighbouring country has so far imported over 13 lakh bales worth Rs 2,000 crore from India is now banking on Gujarat, the largest cotton production state that accounts for more than 7 lakh bales worth over Rs1,000 crore to meet its requirement as it faces a substantial drop in cotton production.

Interestingly , Pakistan garnered the lion's share of 46.6% of total 28.54 lakh bales exported from India during October-December 2015.

Related Keywords: aesthetics and functionality, Australian Radiation Protection and Nuclear Safety Agency, developed a bamboo stretch fabric, fifty plus ultraviolet protection factor, high sun protection, Made in Melbourne cloth, Melbourne designer, used in the Sha-de line, using bamboo for fibre

A Melbourne designer using bamboo for fibre has developed a bamboo stretch fabric having both aesthetics and functionality with high sun protection. Made in Melbourne, cloth has been given a 50plus ultraviolet protection factor rating by the government's Australian Radiation Protection and Nuclear Safety Agency.

Related Keywords: bring productivity levels, establish standards, global standards, Joint technological conference of textile research associations, Kavita Gupta, launched a portal for textile mills, reinstate higher share in global trade, South India Textile Research Association, Textile Commissioner, textile industry focus on reviving technology and skills

Textile Commissioner, Kavita Gupta speaking at the inauguration of joint technological conference of textile research associations said that textile industry need to focus on reviving technology and skills to bring the productivity levels of the industry at global standards and reinstate its higher share in the global trade.

She further said that the future of textile industry is going to be technical textiles. In the last five years, there had been 20 percent growth year-on-year in this segment. The sector should aim to be 40 percent of the country’s textile industry.

Related Keywords: bring down evasion, Central sales tax on yarn is two percent, evasion of duty by powerloom units, five percent on cotton yarn in Tamil Nadu, increase revenue for the government, Maharashtra have two percent, reduction of duty on yarn, Value Added Tax

The Central Sales Tax on the yarn is two percent, while in Tamil Nadu; the Value Added Tax (VAT) is five percent on cotton yarn. Further, fabric is exempted from VAT here. With the high VAT rate on cotton yarn, there is evasion of duty by several powerloom units. They bill the yarn as hank yarn or as fabric to avoid duty.

The Tamil Nadu power loom unit owners have appealed to the State Government to reduce VAT on cotton yarn to two percent.