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Franchisees of Coir Board Showrooms to open soon across India

Related Keywords: central government, Giriraj Singh, hit domestic market, Minister of State for Ministry of Micro small and medium enterprises, popular in Europe, push use of eco friendly coir products, range coir mats to special purpose coir geo textiles, substitue plastic products, to open hundred of Coir Board showrooms franchisees

The Central government is deciding to open hundreds of franchisees of Coir Board showrooms very soon nationwide in the first phase as part of the government’s efforts to push the use of eco friendly coir products which is a substitute for environmentally damaging plastic products, said Giriraj Singh, Minister of State for Ministry of Micro Small and Medium Enterprises.

The domestic market will be soon hit by the world of various natural coir products, ranging from the most common coir mats to special purpose coir geo textiles, popular in Europe.

Bangladesh govt revises cash incentive rates for several sectors to boost exports

Related Keywords: additonal incentives cut, Bangalesh Bank, Bangladesh government, central bank issued circular, fourteen sectors including apparel, incentives reduced on finished jute producs, jute yarn, rate unchanged for new products in apparel sector, reworked on cash incentive rate, to encourage exports

The Bangladesh government has reworked on cash incentive rate for 14 sectors including apparel to encourage exports during the current fiscal year. The central bank issued a circular to this effect on Monday. According to Bangladesh Bank, exporters were given Tk 34 billion in cash incentive in the just concluded 2014-15 FY.

The circular states that incentives have reduced on finished jute products from 10 percent to 7.5 percent, on jute yarn from 7.5 percent to 5 percent and in case of leather goods from 15 percent to 12.5 percent.

Plan being worked out for apparel cluster on Yamuna expressway

Related Keywords: Apparel Export Promotion Council, Apparel exports, approached UP Chief Minister Akhilesh Yadav, for land, generate jobs of lakhs, incentive in the FTP, more than hundred factories, on Yamuna Expressway, set up in the land cluster, to develop apparel cluster

Apparel Export Promotion Council has recently approached UP Chief Minister Akhilesh Yadav for land as plans are in formation stage to develop an apparel cluster on the Yamuna Expressway in Noida which will involve an overall investment to the tune of Rs.300 crore. More than 100 factories will be set up in the land cluster spanning 200 acres generating jobs to lakhs of people.

Sri Lankan apparel industry witnesses 9.8 percent growth rate 1Q of 2015

Related Keywords: directly impacted by demand, domestic apparel manufacturers, EU and USA, first quarter, foreign retailers, Knit garment exports. Generalised Scheme of Preferences Plus, Sri Lankan apparel industry, Sri Lankan leading textile manufacturer, strong demand, Textured Jersey Lanka PLC, total apparel exports, witnessed growth rate

Sri Lankan apparel industry has witnessed 9.8 percent growth rate as strong demand was sustained from the EU and the USA in the first quarter of 2015. The apparel export to the US and EU increased by 8.8 percent and 10.9 percent respectively.

Over the year 2014-15 the total apparel exports from Sri Lanka accounted for 89 percent to the US and EU.

Textured Jersey Lanka PLC (TJL), Sri Lankan leading textile manufacturer said that the company is also directly impacted by demand from domestic apparel manufacturers and foreign retailers.

Silk saree embellished with 72 gm gold launched at Chennai fashion show

Related Keywords: .eEach saree weaved by experts, design in eye catching colors, embellished with gold, launcehd at Chennai fashion show, leading textile chain, spreading grand tradition of pure silk, Sri Kumaran, Thanga Pattu Kancheepuram silk saree

Sri Kumaran is one of the leading textile chain in Chennai spreading the grand tradition of pure silk has launched an exclusive collection of Thanga Pattu' Kancheepuram silk sarees with 72 grams of gold ornate design decorating the golden drape.

Textile Association (India) widens reach with advance CMS

Related Keywords: Textile Association (India), textile body, textiles in india

Textile Association (India) has revamped its website www.textileassociationindia.org with significant progress and expanding its reach with a complete new Advance Content Management System (CMS), with a special focus on TAI activities and mega events including various press releases, quick links, updated information about Indian Textile industry, Textile Dictionary, Expert Talks, e-Journal and much more.

From design to content, the entire website has been revamped with multiple language translate to make it more user-friendly and interactive with rich features.

Indian cotton exports likely to end up at nearly 45 lakh bales this year

Related Keywords: China top destination, export cotton bales, Export demand for cotton, firm up cotton prices, for India cotton remain inactive, India losing market share in cotton and MMF, Indian Cotton Federation, remain sluggish, spurt in export demand for cotton, world’s cotton area is expected to decline

Export demand for cotton to remain sluggish as China, the top destination for Indian cotton, remaining inactive in importing the commodity, exports are unlikely to see significant growth this year. Due to the sudden spurt in export demand for cotton as helped firm up cotton prices in recent times, according to Indian Cotton Federation (ICF) .

The 55th India International Garment Fair begins

Related Keywords: covering apparel and fashion accessories, IIGF, inaugurated India International garment fair, largest garment show in South Asia, largest participation of buyers, Minister of state for textiles, non traditional market, organized by AEPC, Santosh Kumar Gangwar, showcase latest and emerging trends, traditional markets

Minister of State for Textiles (I.C) Shri Santosh Kumar Gangwar, today inaugurated the 55th India International Garment Fair, 2015, India's largest garment show in South Asia, covering apparel and fashion accessories which has attracted 305 buyers from across the globe, of which 202 are from traditional markets and 103 are from non-traditional markets. 2,921 buyers have already registered for the fair. The 55th IIGF is a three day fair which is being held from 13th to 15th July 2015, at Pragati Maidan, New Delhi.

Textile mills hit by slow down in market for yarn and prices remaining low

Related Keywords: central sales tax, compared to production cost, for yarn and prices remaining low, hit due to market slowing down, South India Spinners Association, southern region, Textile mills, Value Added Tax

Textile mills in the southern region for the last six months are hit due to the market slowing down for yarn and prices remaining low, compared to the production cost. Further, textile units in the State also had to pay higher value added tax (five percent) compared to central sales tax (two percent) according to the South India Spinners’ Association.

Yarn made in other States and sold here was priced lower than the yarn made by the mills in the Tamil Nadu State.

Kano Markets in Nigeria under influx of Chinese traders

Related Keywords: biggest textile market in Africa, cheaper rates to customers, Chinese imported Ghalilar textile, Kano state, Kano State Dyers Association, Kantin Kwari textile market, second largest industrial center in Nigeria, textile business, unfair trading, white textile, witnessed influx of Chinese traders

Kano State is the second largest industrial center in Nigeria but lately, markets in the state have witnessed influx of Chinese traders who sell their wares at cheaper rates to customers to the disadvantage of indigenous traders. The history of Kano market dates back to the people of Jega, who controlled the textile business in Kantin Kwari textile market, the biggest textile market in Africa made the government of their time to give them all the necessary support to boost their business activities.

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