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Related Keywords: alternative markets for exports, CCI, China major importer, CITI, cut in production, decline in cotton yarn exports, garment sector, Indian spinning mills, looking to domestic demand, lower capacity utilization, relief from oversupply situation

Indian spinning mills are looking to domestic demand from the garments sector for relief from oversupply situation caused due to decline in cotton yarn exports to China. China has been a major importer of cotton yarn from India with a share of about 46% of Indian exports of the commodity, but that has declined substantially – to an estimated 4% in the first three quarters of FY2015 – undermining the health of Indian spinning mills.

Related Keywords: Excess Home Textiles, Overstock Apparels, Overstock Yarns, Surplus Fabrics, textile buying selling

Announcing the launch of a first-of-its-kind B2B mobile auction platform for buying and selling of ready and excess stock, XSTOK is a mobile auction-based marketplace for businesses to purchase and sell ready and excess goods. XSTOK is based on the vision that current business practices in the excess stock market are inefficient for buyers to gain easy access to high quality, in-demand products and for suppliers to sell excess goods at discounted prices.

Related Keywords: API, close businesses, economic slowdown, facing rising production cost, forced to dismiss workers, help industry survive, Indonesian Textile Association, Indonesian textile producers, local textile industry, pressing purchasing power, raw material imported, weak sales

With an economic slowdown pressing people’s purchasing power, Indonesian textile producers are facing weak sales and rising production costs. They have urged the government to take swift action to help the industry survive as number of companies due to flat growth are already forced to dismiss workers and may be even forced to close their businesses.

Related Keywords: African Growth and Opportunities Act, African textile and apparel exports, create jobs, duty free trade treaty, get extension for another ten years, grow quadruple times, investor to move into Africa, to United states

The African Growth and Opportunities Act (Agoa), the new US duty free trade treaty which is likely to get extension for another 10 years in which about 40 African countries are eligible to take part to help the African textile and apparel exports to the United States grow by quadruple times, reaching $4 billion over the next decade, said a US official yesterday.

Related Keywords: competitive rate, cotton corporation of India, cotton crisis, cotton stock, FICCI, MSP, procurement of cotton, textile minister Santosh Gangwar

Dr. A Didar Singh, Secretary General of the apex industry body Federation of Indian Chambers of Commerce and Industry (FICCI) wrote a letter to Textiles Minister Santosh Gangwar regarding the procurement of cotton by Cotton Corporation of India (CCI) and the persisting cotton crisis.

Related Keywords: Banarasi artisans, Designer-turned-BJP politician Shaina NC, display designs woven, fabled saris, innovative concept, Make in India campaign, reputed Indian designers, revive core Banarasi handloom products, to converge

Designer-turned-BJP politician Shaina NC came up with an innovative concept of organizing an event where reputed Indian designers will converge in a bid to revive core Banarasi handloom products, including the fabled saris. Union textile minister Santosh Gangwar and development commissioner (handloom) of Union ministry of textile Alok Kumar will be part of this event.

She said that creating design sensibility among local manufacturers is the basic objective behind this endeavour. They will display their designs woven by Banarasi artisans under Make in India campaign.

Related Keywords: at Intec expo, CNC machine tool manufacturer, Coimbatore District small industries association, display five new machines, Lakshmi Machine Works, largest textile machinery manufacturers, LX series, online shopping, organized by CODISSIA

Lakshmi Machine Works Limited, (LMW) India's largest textile machinery and CNC Machine Tool manufacturers, based in Coimbatore displayed five new machines at the Industrial trade fair, Intec 2015 expo, a 5 days show which was held from Friday, 05. June to Tuesday, 09. June 2015 in Coimbatore organized by CODISSIA - The Coimbatore District Small Industries Association.

INTEC brings together the very best in technological advancement. It is a congregation of various Industries exhibiting their finest innovations and services.

Related Keywords: CAB, CAI, cotton corporation of India, export of cotton to Bangladesh, global tender, growing domestic demand, ICAC, logistics better and easier, plans to tap Vietnam, reworking pricing strategy, SIMA

The Cotton Corporation of India (CCI) has finally decided to come out with global tender for export of cotton to Bangladesh. CCI chose Bangladesh as the logistics are better and easier to manage either by the sea or roadways. China, the world’s biggest buyer, is importing less of the fibre from this year which has affected Indian export.

China has been the largest importer of Indian cotton over the last three years. According to CCI CMD BK Mishra, the response from Bangladesh has been good and should this sale be successful, CCI has plans to tap Vietnam as well.

Related Keywords: Bangladesh, Bangladesh Garment Manufacturers and Exporters Association, Dhaka manufactures, enter Indian market, Federation of Bangladesh Chamber of Commerce and Industry, garment distribution, largest garment exporter, nodal logistics hub, sell apparel, set up store retail chain, Western buyers

Bangladesh, the world's largest garment exporter, wants to enter the Indian market, which was opened up some years back by removing all tariffs on Dhaka's manufactures. Moreover, with Western buyers increasingly demanding higher labour and safety standards, besides lower prices, Dhaka has long been eyeing the Indian market.

A group of Bangladeshi industrialists intend to set up a 1,000-store retail chain in India to sell apparel produced by the neighbour's $24-billion readymade garment industry. Their aim is to turn into a billion dollar retail chain within five years.

Related Keywords: air jet loom, circular knitting machine, draw texturing spindles, electronic flat knitting machines, flat knitting, long staple spindles, open end rotors, rapier projectile loom, Short staple spindles, shuttleless loom, textile machinery, water jet shuttleless loom

The International Textile Machinery Shipment Statistics released by the International Textile Manufacturers Federation (ITMF), shows that shipments of textile machinery across segments declined in 2014, although marginally. Offtake of new short-staple spindles fell 15 per cent in 2014 from their levels in 2013 while that of long-staple spindles and open-end rotors increased 70 per cent and 2.6 per cent respectively. The number of draw-texturing spindles shipment increased 12 per cent during the year.