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BHE plans to set up new line of wide-ranging fabric manufacturing units

Related Keywords: Bhandari Hosiery Exports, BHE, business to business sales, expertise in T Shirt, exports of garment, ncrease manufacturing capacity, retail business, set up new line of wide ranging fabric manufacturing units, textile production business

Bhandari Hosiery Exports (BHE), Ludhiana based company focusing largely on exports of garments with expertise in T-shirt plans to set up a new line of wide ranging fabric manufacturing units at its existing location to support its future growth in textile production business. The company plans to spend Rs 12-15 crore this year after Rs 22 crore spent to create similar capacity during the last financial year.

Global organic cotton witness ten percent rise in production

Related Keywords: C&A, collaboration between farmers, global organic cotton market, H&M and Tchibo, increased market demand, industry retailers, ten percent rise in production, textile exchange report, textile supply chain, users of organic cotton by volume

The global organic cotton market with three consecutive years of production decline from 2012 to 2014 has witnessed ten percent rise in production largely due to increased market demand as well as more collaborations between farmers and the textile supply chain, according to Textile Exchange’s annual report.

Bengal govt plans to attract ₹37,000-cr investment through textiles parks

Related Keywords: ambitious plan to attrat investment, boost textile sector, chief minister, facilitate business, Hosiery Park, Integrated textile park, issue provisional certificate of clearance for projects, knitwear garment Park, Mamata Banerjee, provide employment, through textile clusters or parks, trade licenses, West Bengal government

The West Bengal, Chief Minister Mamata Banerjee on Monday announced that in a bid to facilitate business in the state, the government has made an ambitious plan to attract around ₹37,000 crore in the State through 10 textiles clusters or parks.

The proposed projects planned which includes setting up of parks to fetch a total estimated investment of more than ₹37,000 crore to boost the textile sector and these will also provide employment to 6 lakh people.

Wool market soaring to a new four year high last week

Related Keywords: Australian wool exchange, AWEX, broader microns, due to combination of market demand and low supply, Easter Market Inidicator, falling supplies, high prices, lower currency, lucrative market conditions, Micron Price Guide, RIVERINA wool producers, Wool prices soar

Wool prices have soared to a new four-year high due to a combination of market demand and low supply.The Easter Market Indicator (EMI) posted by the Australian Wool Exchange (AWEX) increased by 70c/kg. Moses and Son principal, Marty Moses of Temora said the high prices were due to a lower currency price combined with falling supplies.

RIVERINA wool producers are benefiting from some of the most lucrative market conditions.

Ratan Tata invests into Kaaryah Gurgoan based fashion portal for women wear

Related Keywords: different body type, discover perfect fit, former chairman of Tata Sons, gurgaon based online venture, invest into Kaaryah, next three to four years, Nidhi Agarwal, online marketplaces, poised 2X growth, prolific venture capital investor, Ratan Tata, wardrobe solutions, women non casual wear

Ratan Tata, former chairman of Tata Sons, has made yet another undisclosed amount of investment in his personal capacity into Kaaryah, fashion portal for women's wear. Gurgaon based online venture, started by Nidhi Agarwal. Kaaryah caters to women’s non-casual wear by offering the best possible fit with its 18 sizes. It offers wardrobe solutions that help discover not just the perfect fit but also what flatters different body type.

Textile industry in Pakistan urges for zero import duty on polyester fibre

Related Keywords: All Pakistan Textile Mills Association, import duty on PSF, import duty on viscose, Manmade fibre in Pakistan, textile import duty in Pakistan

The All Pakistan Textile Mills Association has urged the government to bring the import duty on polyester staple fibre down to zero. According to a press release, association’s acting chairman Wisal Monnoo stated that imports of all kind of specialty fibres including acrylic should be allowed at zero per cent import duty helping the industry to widen its product base.

Currently, 6 per cent customs duty and import incidental together with local PSF manufacturers’ margin make PSF available at around 20 per cent price differential.

Epson fully completes For.Tex buyout to strengthen its digital textile printing business

Related Keywords: acquires For.Tex S R L, digital printing market expected to grow, establish in digital textile printing market, Global Imaging Innovation expert, MicroPiezo inkjet technology, Seiko Epson Corporation, strengthen efforts, subsidiary company Epson Italia, superb opportunity, tie up

Global Imaging Innovation expert Seiko Epson Corporation (SEC) through subsidiary company Epson Italia S.p.A., had acquired 50 percent stake in textile printing leader For.Tex S.R.L. of Como,Italy in 2012. By getting hold of the remaining stakes, the company has completed For.Tex’s buyout. The acquisition strengthens efforts to establish itself in the digital textile printing market.

India Carpet Expo in Varanasi to attract over 400 foreign buyers

Related Keywords: carpet industry, CEPC, eleventh edition, floor coverings, foreign buyers to participate, from US and South Africa, India Carpet Expo, promote cultural heritage, take place in Varanasi, weaving skills of Indian handmade carpets

India Carpet Expo has established itself as a sourcing platform for the buyers from all over the world. The 30th India Carpet Expo and the 11th in Varanasi (UP) will be taking place from October 11 to 14 at Sampurnanand Sanskrit University Ground, Varanasi where over 400 foreign buyers from countries including the US and South Africa are expected to participate in the four-day exhibition of carpet industry.

Oman has excellent opportunities to boost trade with US using FTA

Related Keywords: boost trade with US, Dr Joseph McDonough, excellent opportunity for Omani firms, organized by Modern college of Business and Science, other industries, performing research and teaching buisness, textile and apparels, US Oman FTA seminar

Recently at the seminar on the US-Oman FTA, organized by the Modern College of Business and Science in association with Franklin University, Dr Joseph McDonough, Attorney and Fulbright Scholar, who is in Oman performing research and teaching business and commerce law noted that there is an excellent opportunity for Omani firms to boost their trade with the US, especially in textiles and apparels, dates, metals and other industries, where significant partnership agreements could be forged with Omani enterprises.

DMA and NITMA delegation visit Vietnam to explore market

Related Keywords: boost trade and investment, coming up in southern Vietnam economic hub, CTEPC, Delegation from Denim Manufacturers Association, DMA, explore market, eying at investment opportunities, for textile inputs, leading source counties, MMF and fabric, NITMA, Northern India Textile Mills Association, proposed textile park, SRTEPC, visited Vietnam

A 13-member delegation representing Denim Manufacturers Association (DMA) and Northern India Textile Mills Association (NITMA) recently visited Vietnam to explore the market. Some textile players stirred by the proposed textile park that is likely to come up near the Southern Vietnam economic hub of Ho Chi Minh City are eyeing at investment opportunities there.

Vietnam is one of leading source countries for apparel and is dependent on other nations such as China for textile input.

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