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Surat weavers devise new way of doing business to control payment defaults

Related Keywords: devise new way of doing business, fabric merchants and traders, furnish valid references, Hojiwala Estate, man-made fabric industry, powerloom weavers, rising number of defaults in textile market, Sachin GIDC, Sachin Weavers Welfare Association, to purchase unfinished fabrics

Powerloom weavers from Sachin GIDC and Hojiwala Estate have unanimously decided not to enter into any business deal with merchants who do not provide valid references of traders from respective markets in the city as there is rising number of defaults in the textile market.

This has forced at least 2000 powerloom weavers to devise a new way of doing business in the market. Now, fabric merchants and traders will have to furnish valid references of prominent traders from the market to purchase unfinished fabrics from the weavers.

Park Avenue’s latest offering zero gravity and shower clean jackets

Related Keywords: cater to men on the move, latest offering, lightweigth jacket, made of wool fabric, Park Avenue, requires little ironing, shower clean jacket, water and soil-resistant jacket, wool-rich fabric, wrinkle-resistant, zero gravity jacket

The Zero Gravity, Park Avenue's latest offering, is an innovation that aims to cater to men who are always on the move. As the name suggests, the Zero Gravity is a lightweight jacket that doesn't feel too ponderous on the shoulders also five jackets can be easily packed in a suitcase. According to Hetal Kotak, Park Avenue's brand director, the Zero Gravity Jacket tries to comply with all the essentialities of men - save time, money and space, and provide comfort and care at the same time.

Fiber arts festival held to educate public about different fiber arts

Related Keywords: exhibits as well as classes in fiber art, featuring variety of fiber arts vendors, fiber art supplies, hand knitted or crocheted garments, hand woven shawls, handmade fiber art, organized by SWFAC, quilts, rugs. painted silk items, scarves, Silver City Fiber Arts Festival

The Silver City Fiber Arts Festival, a two day celebration featuring a variety of fiber arts vendors, exhibits as well as classes in fiber art. The festival includes vendors selling a variety of handmade fiber art and fiber art supplies such as hand-woven shawls, scarves, hand-knitted or crocheted garments, fiber baskets, quilts, dolls, rag rugs, painted silk items, and many more was organized by Southwest Women’s Fiber Arts Collective (SWFAC) began on Friday.

Extended public holiday has reduced fresh enquiries for cotton from mills

Related Keywords: APTMA, cotton trading activity remain closed, extended public holiday, fresh cotton enquiries dampened, gradually declined, new cotton bales, no transportation, occassion of Eid ul Fitr, Pakistan government, ready cotton business, to carry cotton from ginneries, to textile mills

The Pakistan government on the occasion of Eid-ul-Fitr announced that public holiday has been extended from 17 July, 2015 to 21 July, 2015 as a result business activity has mostly ceased as the various markets will remain closed for five days. Moreover, there will also be no trucks and transportation plying on the roads to haul any cotton from the ginneries to the textile mills in various parts of the country.

Aquafil’s Econyl sustainable nylon yarn created from recycled fishing nets

Related Keywords: announced unique partnership with Outerknown, Aquafil, Aquafil’s Econyl sustainable nylon, both in Italy and globally, created from domesticated fishing nets, in the production of synthetic fibres and polyamide 6, leading players, new menswear apparel brand, other nylon waste materials, without any loss in quality

Aquafil, leading players, both in Italy and globally, in the production of synthetic fibres and polyamide 6: a landmark in terms of quality and product innovation has announced a unique partnership with Outerknown, a new menswear apparel brand founded by eleven times World Champion surfer Kelly Slater who creates clothing brand that seamlessly blends function and style, while establishing sustainable manufacturing processes across its supply chain.

Committee formed by Pakistan govt to end declining trend in textile exports

Related Keywords: Commerce Minister Khurram Dastgir Khan, constitued committee, declining trend in textile exports, electricity tariffs, hurdles faced by textile industry, increase textile exports, mitigate the issue of electricity provision, PAP, Policy action plan, rising cost of production, small taxes on textile value chain

Commerce Minister Khurram Dastgir Khan finally admitting that there are some other reasons for declining trend in the country’s textile exports on Wednesday constituted a committee to bring about a Policy Action Plan (PAP) to put right the hurdles faced by the textile industry in increasing its exports.

The committee will be presenting its recommendations in the next month, which would then be forwarded to the prime minister for swift decisions in order to reverse the declining trend in Pakistani exports.

EU and US in process of negotiating TTIP may create opportunities for textile and clothing sector

Related Keywords: are traded freely with no tariffs, Euratex, European Union, further integrate the two economies, key bilateral trade agreement, process of negotiating TTIP, reduce tariffs benefits, relax other regulatory burdens, such as clothing, tariffs are higher, traditional manufacturers, two biggest economies, United States

The European Union and the United States, two of the biggest economies in the world are going far beyond what has been done previously in any agreement except the EU’s single market. They are in the process of negotiating the Trans-Atlantic Trade and Investment Partnership (TTIP), a key bilateral trade agreement intended to further integrate the two economies.

The two economic entities, which together account for around a third of world trade and half of world GDP, are already deeply integrated.

FDI poured into textile and garment industry has increased sharply in Vietnam

Related Keywords: biggest challenged faced by Vietnam, entire economy, Foreign direct investment, heavy reliance on imported material, Hong Kong investor, increased sharply, investors from Turkey, poured into Vietnam textile and garment sector, pressure on Vietnamese businesses, project registered by a British investor, three largest projects capitalized, TTP

The Foreign direct investment poured into the textile and garment sector has increased sharply in Vietnam anticipation of Trans Pacific Partnership (TPP) in the first six months of this year. At least $1.12 billion out of the $5.58 billion worth of capital registered went into the sector. One of the three largest projects was capitalized at $660 million, the highest ever in the field. Analysts warn that this will put pressure on Vietnamese businesses and the entire economy.

Egypt cancels decision to ban cotton import

Related Keywords: avoid damaging domestic industry, cancelled decision to ban cotton import, declining for three decades, Egypt government, Egyptian cotton production, fabrics like polyester, from abroad, lower-quality fiber from Asia, protect Egyptian cotton farmers, textile makers shift to cheaper, to allow cotton import this year

Egypt’s government to allow cotton imports this year, revoking its last week’s decision to ban cotton imports from abroad to protect Egyptian cotton farmers and avoid damaging the domestic industry on Wednesday.

International textiles, weaving expo held in Erode generates Rs.200cr business

Related Keywords: A three day International Textiles, companies from USA, displayed their products, expo generated business, held in Erode, Italy and Germany and India, moving up value chain, opportunity for growth of textile sector, organized by Hi Tech International trade fair pvt ltd, over two hundred crore, weaving machinery and accessories expo

A three day International Textiles, Weaving Machinery and Accessories expo held in Erode where more than 90 companies including from U.S.A., Italy and Germany and India displayed their products that provided insights into moving up the value chain has managed to generate business of over Rs 200 crore, said M A Rayappan, the Chairman of Hi-Tech International Trade Fair Private Ltd today.

The expo was visited by large number of students and entrepreneurs. The expo proved to be a great opportunity for growth of the textile sector.

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