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Related Keywords: big market of Africa, enter into joint venture, explore huge untapped potential of Nigeria, field of textile, High Commissioner of Nigeria Dauda Danladi, increase bilateral trade, Lahore Chamber of Commerce and Industry, manufacturing and agriculture, Pakistani entrepreneurs

High Commissioner of Nigeria Dauda Danladi speaking at a meeting here at the Lahore Chamber of Commerce & Industry on Thursday urged the Pakistani entrepreneurs to explore the huge untapped potential of Nigeria.

He also invited the Pakistani businessmen to enter into joint ventures with their Nigerian counterparts in the fields of textile, manufacturing and agriculture.

He further said that easing of visa process between the two countries could increase the bilateral trade in shortest possible time.

Related Keywords: Arvind, Bombay Rayon, enhance export market, filling patents, give innovations longevity, high margin, newer products, Raymond, Raymond UCO Denim, Siyaram, spending on research and development, take business to next level, textile companies, Trident India, Welspun

Top textile companies to enhance export market share have started spending on research and development (R&D) to come out with newer products as they feel it is the only way to keep their market and patents help to give their innovations longevity as replicas don’t get created and the innovations can take their business to the next level and also give the companies high- margin products.

Related Keywords: Bhiwandi powerloom units strike, Bhiwandi strike, control on yarn prices, grey cloth, illegal holding of yarn, minimum support price, permission to export cloth, Textile Industry, Textile processing unit

Strike has been called by Bhiwandi powerlooms since Monday demanding control on yarn prices and permission to export cloth . Approximately 9 lakh people are dependent on Bhiwandi’s powerlooms and related businesses of which nearly three-fourths of the 9 lakh powerloom units in Maharashtra’s Bhiwandi are on strike. The strike aims at ensuring less cloth is sent to the market, which may result in prices increasing.

Purified terephthalic acid prices in Asian markets slipped in the first week of August amid bearish downstream polyester markets as end-users remained sluggish, expecting the lack of buying interest to pressurize spot prices through August. Hengli Petrochemical made an announcement midweek that it was shutting two of its PTA units in China.

Related Keywords: Polyester prices, pta price in China, pta price in Europe, pta price in US, PTA prices, purified terephthalic acid prices

Related Keywords: APTMA, corrective measure not taken, exports of textiles and clothing, Institute of Policy Reforms, neglect and lack of implementation of policy, Pakistan textle industry, Pakistani rupee, threatened tp gp on strike

The All Pakistan Textile Mills Association (APTMA) has threatened to go on a strike if corrective measures are not taken by the government by August 31. There is a full-fledged Ministry of Textiles and a Textile Policy has been announced for the period, 2014 to 2019. Despite all this, Pakistan textile industry appears to be languishing due to neglect and lack of implementation of the Policy.

Related Keywords: home textiles market, textile innovations, textile patents, towel manufacturers

Top textile manufacturers are focusing more on research and development (R&D) to position their growing business overseas and are projecting higher revenue notwithstanding the weak global markets. Only a few of the new textile companies got a toehold overseas in the last decade, particularly in the home textiles segment.

Related Keywords: and increase in input costs, Cocoon farmers, demand incentive to cocoon farmers, fix base price for finished products, fluctuations in price, illegal trade, import of silk from China, non-availability of labourers, Silk Cocoon manufactures association, threat to sericulture

The import of silk from China, and illegal trade has been affecting the farmers in Tamil Nadu. In support of the farmers, the Silk Cocoon Manufactures Association on Tuesday picketed the office of Director of Sericulture, demanding that the State Government should pay Rs. 50 a kg as incentive to cocoon farmers.

As the Director of Sericulture had gone to Chennai to attend a meeting, they submitted a petition to officials.

The association president, Shanmuga Sundaram, said that the earlier import duty of 40 per cent for silk from China has been brought down to 10 per cent.

Related Keywords: Cashmere World Colour Trends, Cashmere World Forum, event focusing on cashmere and fine fibres, latest development, manufacturing and retail sectors, network with experts, opportunity for professionals in supply chain, supply and demand of cashmere

The Cashmere World Forum is the leading informative event focusing specifically on cashmere and fine fibres to take place in Hong Kong from 7-9 October. According to organizers, it represents an opportunity for professionals in the supply chain, manufacturing and retail sectors to get up to speed with latest developments and most importantly network with experts from an international background.

Organisers have developed a highly stimulating and informative programme for the industry delegates that will attend this year.

Related Keywords: cost of sowing, cost parameters, finalized for financial year, for cotton lint and seed, minimum intervention price, National Assembly standing committee, recommendations of API, support cotton farmers, Trading Corporation of Pakistan

The minimum intervention price of cotton lint and seed was finalized at Rs. 3000 per 40 kilograme for financial year 2015-16 on the recommendations of API, who stated that after considering 35 cost parameters, they have calculated that the cost of sowing 40 kg of cotton crop adds up to Rs.3000 by the National Assembly Standing Committee on Textiles on Wednesday.

Related Keywords: China leading consumer of cotton, contribute great deal to foreign reserves, cotton exports, hit pakistan cotton trade, Pakistan textile industry, to release government stock

China is the world’s leading consumer of cotton, with an annual consumption of some 34 million bales as per USDA estimates seeks to release its government stocks, rather than rely on imports. For Pakistan this is a bad news, considering the importance of the Chinese market to their cotton industry.