In India, polyester-cotton yarn prices dropped in third week of August as cost support eased while polyester-viscose yarn prices were up on firmer fibre cost. 30s (65/35) PV yarn prices in India inched up INR1 a kg, however, was down US cents 3 on the week due to weak INR in Indore market. PC 30s (52/48) prices fell further US cents 6 a kg in Ludhiana market.
Polyester price edges down in India while they rolled over in Pakistan
Polyester yarns markets in China were weak in the third week of August, and some sporadic batches of cargoes were traded. Yarn prices were stable to weak with 32s spun polyester yarn was mainly offered at same levels. The influence of RMB depreciation on the demand remained limited as spinning mills did not improve run rate notably on the back of slow sales and the purchase of raw materials was just to meet rigid demand.
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TN govt urged to set up textile parks in every district to boost powerloom
Related Keywords: boost sale of textile, bring buyers under one roof, get reasonable price for textile, improve financial position, in all district of the state, manufactured by powerloom, powerloom weavers, resolution adopted, setting up textile park, State committee meeting, suspend the import of cotton and yarn, Tamil Nadu Visaithari Thozhilalar Sammelanam
At the State committee meeting of the Tamil Nadu Visaithari Thozhilalar Sammelanam held at Pallipalayam, on Thursday, a resolution was adopted to improve the financial position of the societies and the powerloom weavers. They has urged the state government to take steps for setting up textile parks in all the districts as it will immensely benefit in getting reasonable price for the textile and boost the sale of textiles manufactured by power loom societies. The textile parks will enable in bringing the buyers within and outside the State under one roof.
Pakistan likely to levy 10pc regulatory duty on raw and grey cotton
Related Keywords: discourage export of raw material in bulk, government to levy regulatory duty, in shape of subsidy on electricity and gas bills, National Assembly of Pakistan, on raw and grey cotton, proposal in interest of the Country, proposed sales tax rebates, Standing Comittee on Commerce, taxation policies
At a meeting held by the National Assembly of Pakistan and Standing Committee on Commerce, it was announced that the government is considering levying a 10 percent regulatory duty on raw and grey cotton to discourage the export of raw material in bulk. Siraj Mohammad Khan, chairman Standing Committee on Commerce, addressing office bearers and members of the Karachi Chamber of Commerce and Industry (KCCI), said that exporters of cotton would protest against such levy, but the proposal was in the interest of the country.
Textile industry stresses to get subsidy under TUFS scheme
Related Keywords: Kiran Soni Gupta, ludhiana knitwear club, Textile Industry, Textile Ministry, textile subsidy, textile upgradation fund scheme, TUFS scheme
The textile industry has been facing issues in getting subsidy under the Technology Upgradation Fund Scheme (TUFS). Some member-units had applied for subsidy under the scheme which is pending for the past one and a half years.
The Textile Upgradation Fund Scheme (TUFS) is an interest subsidy scheme aimed at upgrade of technology as part of measures to boost the textile and jute sectors.
ITF Dubai to boost middle east textile markets
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Getting exhibitors on board is always considered a milestone, but at the International Textile Fair, it is a milestone crossed often. ITF have landed a cluster of prominent exhibitors that force you to sit up and take notice, as much at the meritorious line-up as at the regularity of the announcements. As the fair draws closer, the exhibitors –just like the excitement and anticipation- keeps on increasing.
Workshop on new textile policy 2013-18 of Karnataka govt held to create awareness
Related Keywords: advancement in handloom, attract investment, CEDOK, create five lakh jobs, offered by the new policy, on new textile policy of Karnataka state, one-day district-level workshop, people aware of benefits, research and development, textile business
A one-day district-level workshop on the new textile policy 2013-18, of the Karnataka State government was organised by the Department of Handloom and Textiles, the Dakshina Kannada Zilla Panchayat, the Centre for Entrepreneurship Development of Karnataka (CEDOK) and the Lions’ Club, at the Lions’ Club Seva Mandir on Saturday to make people aware of the benefits offered by the government .
At the inauguration, the District In-charge Minister B Ramanath Rai said that public awareness is necessary to achieve advancement in the field of handloom and textile business.
ITF Dubai’s specter start resonate across the global as to draws closer
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With the International Textile fair to be held in Dubai drawing closer, its specter has started resonating across the global and the exhibitors hailing from virtually every continent is increasing. The fair has truly become a global phenomenon. The third edition of the fair will once again serve as a crossroads for textile companies and fashion houses from around the world.
Snapdeal to promote traditional Odia’s handloom and handicrafts
Related Keywords: Berhampuri Silk, Bomkai Silk, Boyanika, Government of Odisha, handcrafted sarees, home decor, Ikkat, Odisha State Handicraft Corporation Ltd, Orissa State Handloom Weavers Co-operative Society Ltd, promote traditional Odia crafts, Sambalpuri and Tussar variety, Snapdeal, tribal craft, Utkalika
Snapdeal, India’s largest online megastore has teamed up with Government of Odisha’s Orissa State Handloom Weavers Co-operative Society Ltd. and Odisha State Handicraft Corporation Ltd. to promote traditional Odia crafts.
DAK Americas plans to add 230mn lbs per year PSF capacity at its site in Mississippi
Related Keywords: DAK Americas LLC, in the Americas, largest integrated producers of PET resins, lower denier fibers, main producer of PSF, meet growing demand, nonwoven applications, to add PSF capacity, used in textiles
DAK Americas LLC is one of the largest integrated producers of PET resins in the world and the main producer of polyester staple fibers in the Americas announced its plans to add 230 million pounds of polyester staple fiber (PSF) capacity to meet the growing demand in the Americas. The new fiber capacity will be installed at Dak’s PET resin site in Bay St. Louis, Mississippi.
