News Tags

Related Keywords: cotton yarn export from india, readymade garment demand in Europe, readymade garment demand in USA, Readymade garment export from india, Yarn import in china

As per the latest data of Ministry of Textiles, India's exports of readymade garments jumped 33 per cent from INR72,592 crore in 2013-14 to INR96,523 crore in 2014-15. Experts opine that the stupendous uptrend will continue for the next three years. The expectation is based on three fundamentals. One, export incentives from the government, second, revival in demand from major markets such as US and Europe and, three, increase in manufacturing costs in China.

Related Keywords: anti dumping duty on yarn, APSyFI, Indonesian Synthetic Fiber Association, polyester yarn in Indonesia, Redma G Wirawasta, safeguard duty on yarn, Spun yarn in Indonesia

Yarn producers in Indonesia have urged the government to impose a temporary safeguard duty on imported yarn, which they claim is severely damaging the local producers. Local yarns, especially made of polyester, were unable to compete with the cheaper imported yarns due to their high cost of production.

Related Keywords: between Egypt and other African countries, COMESA countries, declined, difficulty in transport, Egyptian export markets, Egyptian exports of textiles and clothing, Egyptian small textile factories, higher freigh rates, political tension, Textile Export Council, Trade balance

During the first quarter of the current year, the trade balance due to the political tensions and difficulties in transport because of higher freight rates has decreased between Egypt and other African countries, according to former head of the Textile Export Council Magdi Tolba.

The Egyptian exports of textiles and clothing in Africa are not large, having reached less than 5% of the total Egyptian clothing exports.

Related Keywords: Aberdeenshire plant, increase weaving capacity, kilt making, Kilts to fabrics group, kilts worn by members of Scotland team, MACNAUGHTON Holdings, meet expected demand

MACNAUGHTON Holdings, the kilts to fabrics group from UK, has seen sales fall by around 50 per cent in Russia following the slump in the value of the Rouble amid political uncertainty and the plunge in the crude price.

Russia had been Macnaughton's fastest growing export market. Export sales fell by around 6 per cent in the latest financial year, to £1.7m from £1.8m in the U.S.

Related Keywords: brand prayog, entirely new to western yoga world, Ika Yoga wear, lauch its design, perfect attire, Prayog, special yoga synthetic, world first international day, yoga

IKA Yoga Wear found the world’s first International Day as the best opportune to launch its design “Prayog” which took two years of extensive research and closely consulting yoga teachers, textile engineers and yoga practitioners from 11 nationalities to get its design.

The special yoga synthetic is designed to never touch the skin and garments never compress the body making it a perfect attire to carry out the age old Indian practice - YOGA

Related Keywords: Bangladesh, for US fashion retailers, highest growth potential, second US Fashion industry benchmarking study, sixth most popular, sourcing destination, United States Fashion Industry Association, USFIA

The United States Fashion Industry Association (USFIA) conducted the second US Fashion Industry Benchmarking Study, where executives from 30 US-based fashion companies, retailers, importers and wholesalers were surveyed between March and April this year. The survey found that Bangladesh was the sixth most popular sourcing destination this year with 50 percent of the respondents currently buying from the country. The survey report was published early this week.

Related Keywords: cost competitive, Eurasian Economic Union, FTA with EEU, Indian product, signed between Indian and EEU, Tirupur knitwear exporters, window to Russian apparel market

A joint statement, as a prologue to the FTA with the Eurasian Economic Union (EEU) comprising Russia, Kazakhstan and Belarus had been signed between India and EEU at St. Petersburg in Russia few days back.

It viewed the establishment of a joint study group to work out the formalities including the finalization of the sectors that would be part of the FTA.

This decision to sign the Free Trade Agreement with the Eurasian Economic Union (EEU) is seen by the Tirupur knitwear exporters as a window to access the huge Russia apparel market.

Related Keywords: AKFTA, ASEAN Korea free trade agreement, certificate of origin norms, FTA, growth in Vietnam textile and garment industry, largest importer of textiles and garments, South Korea garment market, Vitas, zero tariff

The ASEAN - Korea Free Trade Agreement (AKFTA) led to a significant growth in Vietnam's textile and garment industry. According to its open-access commitment, Vietnamese textile and garment products that satisfy certificate of origin norms will enjoy zero tariffs once the agreement takes effect from January 1, 2016. Currently, Vietnamese firms pay a tax of 8 to 13 percent.

Related Keywords: Cheap imported fabrics, compete with Chinese imports, facing financial crunch, government intervention, made in Nigeria products, Nigerian textile sector, power cuts, revive textile industry, rise in production costs

The Nigerian textile sector is facing a huge financial crunch as it is unable to prove its competitiveness. Although several factories have benefited from a $500m government intervention to revive the country's textile industry, according to manufacturers monetary support alone will not fix the problem.

Saidu Dattijo Adahama of Adahama Textiles said that they not only need the financing but also the electricity supply which is still below 20 percent.

Asian mono ethylene glycol markets were under correction in the week ended 12 June from its earlier bullish week as players were mulling over the waning polyester demand and reduced operating rates at Chinese polyester and PET makers on feedstock PTA spot prices. Polyester markets were depressed on the whole which softened MEG values. Midweek news that Fund Energy (Ningbo) will restart unit as per schedule, MEG value was picked up significantly. However, there was limited interest to seek high-priced cargoes.

Related Keywords: MEG price in America, MEG price in Asia, MEG price in China, MEG price in Europe, MEG price in USA