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Related Keywords: Online textile market, online trading, textile stock, textile surplus

XSTOK, a B2B platform to transact surplus textile goods, has raised Rs 3 crore or US$4.52 lakh from a group of angel investors and early-stage investment firm Oliphans Capital, a company statement said on 18 September. These funds will be utilised to expand its reach to a larger audience.

Founded in January by Sanjiv Khandelwal and Mihir Shah, XSTOK is conceived to serve cross sectional industries, but is currently active in the textile space. The company, the Indian textile industry generates $6 billion worth of surplus every year.

Related Keywords: bilateral relations, BKMEA, China granted funds set up exhibition center, Chinese commerce minister Gao Hucheng, expressed interest to invest, hope among Bangladeshi businessmen, in textile sector, knitwear sector, signed MoU, visit to Bangladesh

Chinese commerce minister Gao Hucheng’s recent visit to Bangladesh has buoyed hopes among Bangladeshi businessmen and international relations experts that bilateral relations will be strengthened over the next few months. During the commerce minister’s visit, China granted Bangladesh nearly US$ 100 million to set up an exhibition center and also expressed interest to invest $ 300 million in the South Asian country’s textile sector.

Related Keywords: decline in export orders, Delhi and Tirupur, drop in yarn prices, exploring new markets and products, Indian Texpreneurs Federation, Ludhiana, polyester or polyester cotton yarn makers, sample orders from buyers, stop production, study the customer demand, Tamil Nadu textile mills

Tamil Nadu textile mills that make polyester or polyester cotton yarn having forced to stop production for two days a week for four weeks as prices for the yarn had dropped and the mills were find the price unviable and with export orders too declining have started exploring new markets and products, said Prabhu Dhamodharan, secretary of Indian Texpreneurs Federation.

Further, some mills have taken sample orders from buyers in Ludhiana, Delhi and Tirupur. They plan to study the customer demand, explore new markets and products, he said.

Related Keywords: FACIT@INTRADE, fashion shows, gathers Malaysian and international fashion designers, industry players, International Buyer Meeting, major fashion hub, Malaysia Fashion Week, Matrade, Mercedes-Benz STYLO Asia Fashion Week, trade exhibition

Malaysia Fashion Week (MFW) is an international event that gathers Malaysian and international fashion designers and industry players to be held from 4th – 7th November 2015 in Kuala Lumpur through a series of “ground breaking” fashion shows featuring designers from over 15 countries, a stylish gala event and a trade exhibition called FACIT@INTRADE.

Related Keywords: Arvind Lifestyle Brands, contributes sixty percent of turnover, expansion of retail network, eyeing scale up in global brands sales, five biggest brands Arrow, forty percent own brands, franchise agreement, integrated textile and apparel company, US Polo and Flying Machine followed by Calvin Klein and Nautica, with international brand

Arvind Lifestyle Brands presently has international brands contributing around 60 percent of their turnover and the rest 40 percent comes from their own brands. According to Arvind Lifestyle Brands MD and CEO J Suresh, it is eyeing up to 70 percent of its total sales coming from the portfolio of international brands it retails in the next two-three years.

Related Keywords: bags and aprons, based in Holywood, collections of cotton tea towels, created five new limited edition, launches official Rugby World cup kitchen textile range, Northern Ireland, production of high quality linen, textile products, Ulster Weavers Home Fashions

Ulster Weavers Home Fashions is a home textiles company based in Holywood, Northern Ireland prides itself on the production of high quality linen and textile products has launched its official Rugby World Cup kitchen textiles range in time for kick off this weekend.

The company have created five new limited edition collections consisting of cotton tea towels, bags and aprons. A dual licensed collection has also been designed in collaboration with 12 of the countries taking part.

Related Keywords: capital equipment funding, cheap import flooding the market, clothing and textile industry, Competitiveness Improvement Program, DTI, incentive initiative, lost of jobs, new state of the art machines, Production Incentive Program, support companies, The Department of Trade and Industry

The Department of Trade and Industry (DTI), through its incentive initiative in form of its Production Incentive Program (PIP) and Competitiveness Improvement Program (CIP) has supported hundreds of companies in the clothing and textile industry to maintain or create much needed jobs. The sector has lost thousands of jobs over several years mainly due cheap imports flooding the market.

In the first week of September, Asian MEG prices edged down US$7 a ton both CFR China and Southeast Asia. In China, offers for nearby-month cargoes were at US$705-710 a ton, and counter offers were at US$695 a ton, with negotiations at US$700 a ton. Mono ethylene glycol prices moved down in Asian markets on bearish outlook and thin trading dragged bids lower. That week saw thin trading as China was on holiday for two days to celebrate Victory Day.

Related Keywords: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices

Related Keywords: apply for NOC, exports declined, import of finished good jumped up, imported raw jute, Indian jute industry, jute yarn, not be used to manufacture sacks, Office of Jute Commissioner, protect domestic jute industry, register jute unit, unable to scale up production, used for packaging, utlilize by reserved sector

The Indian jute industry has been unable to scale up production or export of jute goods. The country's imports of finished goods have jumped up 24 percent, while exports have declined by 22 percent during April-January period of 2014-15. The government to protect the domestic jute industry has announced that that imported raw jute and jute yarn will not be used in the manufacturing of sacks which are used for packaging of commodities in the reserved sector, a notice from the office of the Jute Commissioner stated.

Related Keywords: Baota Petrochemicals, BP plc, inked deal with, majority owned subsidiary, Ningxia Baota Chemcial Fibre, Ningxia Ningdong Energy and Chemical Zone, provide latest generation PTA technology, PTA unit built, raw material required for polyesters, used in the textile and packaging industry

BP plc recently inked a deal with Baota Petrochemical’s majority owned subsidiary Ningxia Baota Chemical Fibre Co. Ltd. to provide its latest generation purified terephthalic acid (PTA) technology. This represents the third deal of the same kind to be signed by BP.