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Related Keywords: cotton production, falling cotton stock, ginners raise rates, lint cotton, Pakistan cotton market, seed cotton rate, Spinners, spot rate

Falling stock of cotton made the Pakistan cotton market mind-numbing as the ginners raised rates as a consequence of the dearth. According to sources, the official spot rate was unchanged at Rs 5450, dealers said. In the ready session, only 2000 bales changed hands between Rs 4350-5700Seed cotton rates in Sindh were unchanged at Rs 2000-2600 and in Punjab prices registered at Rs 2400-3100.

Related Keywords: clothing sector, declining competitiveness, Indian Textile, sluggish global demand, T&C sector exports, Union textiles minister Santosh Gangwar, Union textiles ministry data

India’s textile and clothing exports in the 10 month period of April 2014 to January 2015 witnessed growth of almost four percent to $34 billion as per the Union textiles ministry data. This means $41 billion for the year, growth of only 3.8 percent as against the rise of 12.4 percent to $39.3 billion in 2013-14.

Sluggish global demand and declining competitiveness is likely to see less of export in 2014-15 for the textile and clothing (T&C) sector. According to industry sources, it should be five percent.

Related Keywords: cotton stock, decline in net profit, higher raw cotton price, new capacity, sales increased, subsidised debt, textile upgradation plan, topline margin, vardhman Textile Quarter four results

Vardhman Textiles, in its Q4 results has shown decline in net profit by 41.55% to Rs. 90.20 crore in the quarter ended March 2015 as against Rs. 154.32 crore during the previous quarter ended March 2014. Sales increased 9.79% to Rs. 1407.79 crore in the quarter ended March 2015 as against Rs. 1282.21 crore during the previous quarter ended March 2014.

Related Keywords: First international GOTS conference, Global Organic Textile Standard, GOTS, GOTS certified facilities, highest in India and Bangladesh, leading processing standard for textiel, made from organic fibers, recognized worldwide, to be held in India

Global Organic Textile Standard (GOTS) is recognized worldwide as the leading processing standard for textiles made from organic fibers. GOTS-certified facilities are now located in 64 countries around the world. The number of facilities certified to the GOTS has growth by more than 18 percent last year, from 3,085 facilities in 2013 to 3,663 facilities in 2014.

Countries with the greatest increase in GOTS certification in 2014 are (in rank order) are: India (+338), Bangladesh (+89), Germany (+32), Turkey (+21) and China (+18).

Related Keywords: accuse Chinese business people, chinese businessmen, involved in dye industry, largest textile market of continent, Nigerian textile dyers, smuggling textile materials, sourcing chemcial, staged protest in Kano, unfair trading activities

Nigerian textile dyers accusing Chinese business people of being engaged in unfair trading activities staged a peaceful protest on Tuesday in northwestern Kano one of the continent’s largest textile markets. The unfair trading by Chinese has brought the local textiles industry to its knees.
Chinese activities have compromised the potential of local dyers in the textile industry.

Bashir Dauda Aliyu Dawakin Kudu, chairman of the Local Dyers Association, said that the Chinese activities have comprised the potential of local dyers in the textile industry.

Related Keywords: at Kardhana in Varanasi, Banaras saree, Export Promotion Council for Handicrafts, foundation stone, implementing agence, main handloom product, rich tradition of handloom, setting up, seven handloom common facility centre, TFC & Crafts Museum

The foundation stone of seven handloom common facility centres at Kardhana in Sevapuri block in Varanasi was laid by H. E. Governor Uttar Pradesh Ram Naik today. Union minister of state for textiles (independent charge) Santosh Gangwar who was also present planted saplings at the site of Trade Facilitation Centre and Crafts Museum at Bada Lalpur and interact with intellectuals at the Banaras Hindu University (BHU).

Related Keywords: decline in FDI capital, dying and garment sector, enviromental problems, large scale projects, not garment outsourcing, rethinking to consider FDI project, Textile, TPP trade agreement, turned down foreign investment projects, using modern technologies, Vietnam City investment promotion center, Vietnam textile and garment industry

Vietnam's Da Nang City’s Investment Promotion Center though saw a sharp decline of 45 percent in foreign direct investment (FDI) capital in the first three months of the year still turned down two foreign invested projects capitalized at hundreds of millions of dollars on the grounds that they may cause environmental problems.

Both of the projects were in the textile, dying and garment sector, including a $200 million project registered by an investor from Hong Kong and another registered by an investor from South Korea.

Related Keywords: all kinds of cotton, Karachi cotton exhange, offered prices attractive, Pakistan local market, renewed demand, spot price, textile mill owners, trade turnover increased

Pakistan local markets witnessed renewed demand in almost all kinds of cotton after traders found the offered prices attractive. Trade turnover of cotton increased doubled to 6,000 bales (of 155 kilogram each), as several textile mill-owners found the offered price attractive to have bought the commodity, said a dealer at Karachi Cotton Exchange on Tuesday.

A few exporters took positions in low quality cotton.

The Karachi Cotton Association kept its official rate unchanged for the third working day at Rs5,450/maund.

Related Keywords: children's wear, displayed knitted T-shirts, ideal platform to build contact, India Knit Fair, India Knit Fair Association, offered best manufactured equipments, organized by Apparel Export Promotion Council, raw materials, TEA, trendy dresses for women, trousers for summer and spring seasons

The three-day India Knit Fair, organised by Apparel Export Promotion Council, India Knit Fair Association and Tirupur Exporters Association, which was held from 6-8 May 2015 at IKFA complex Tripur offered the related professionals with the best manufactured equipments and raw materials which were beneficial and innovative for the qualified people working in this sector.

The event showcased spring/summer collections of apparels made by the textile entrepreneurs in Tirupur knitwear cluster to the potential buyers and buying agents.

Related Keywords: CEO Kannan, empower farmers, group of buinessmen from Ahmedabad, largely cotton growing, made by Kannan's Microspine machine, Mahek Producers Company, North Gujarat and Saurashtra regions, produce yarn, set up plants with miniature spinning machines, to operating spinning machines, training to farmers, Volun Teach

Volun-Teach (voluntary teaching) is the group of businessmen from Ahmedabad who are working to empower farmers and their families at their doorstep to produce yarn from their own cotton by helping to set up plants with miniature spinning machines made by Kannan's Microspin Machine Works in the largely cotton-growing North Gujarat and Saurashtra regions.