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Related Keywords: basic raw material, cotton, duly approved by SECP, growing interest of investors, opportunity to entire value chain, Pakistan Mercantile Exchange, PMEX, relaunch ICotton contract, risk of price variation, state-of-the-art trading platform., textiles sector

Pakistan Mercantile Exchange (PMEX) has re-launched the International Cotton (ICotton) contract based on the response of the market participants and growing interest of investors in ICotton futures contract duly approved by Securities & Exchange Commission of Pakistan (SECP).

Related Keywords: apparel, driving growth for apparel brands, expected to double, Fashion and lifestyle market, high disposable incomes, home textiles, increasing corporatization of retails, latest report, market size, technical textile segment, Technopak Advisors

India's apparels, home textiles and technical textiles segments are expected to double their market size. According to the latest report by Technopak Advisors, India's leading management consulting firm, textile and apparel exports too are expected to grow from $40 billion to $95 billion by 2023 – taking the total size of the industry to $233 billion from $98 billion.

Related Keywords: banning of importation, before firm starts operating, chitenge materials, concessinaire MeTL, Deputy Minister of Defence, largest home grown company of Tanzania, Mulungushi Textiles, operationalize the factory, reopening deferred, request some waivers

Re-opening of Mulungushi Textiles in Kabwe deferred as the concessionaire Mohammed Enterprises Tanzania Limited (MeTL) Tanzania’s largest home-grown company, worth more than US$1 billion has requested for some waivers from Government before operations at the Kabwe factory could start.

The Government is looking at the demands by (MeTL). The Deputy Minister of Defence Christopher Mulenga said that the Ministry of Defence, which owns the Zambia-China Mulungushi Textiles Joint Venture, is consulting the Ministry of Finance regarding the demands by MeTL, said in Lusaka on Monday.

Related Keywords: buyer remained alert, competitive price, cotton growing belts, cottong growers, decline in spot rate, general price, grade issue, kept leading buyers active, Pakistan cotton market, Spinners in Sindh and Punjab stations, textile sector, trading session

Buyer remained alert and only made deals according to their immediate need of lint on back of grade issue and in anticipation of decline in spot rate. While general price kept the leading buyers active on Wednesday.

KCA kept the spot rate intact at Rs 5,450 per maund in order to provide support to weak stakeholders of raw grade to ward off minimal price level, according to floor brokers.

Related Keywords: cover scheme to spinning mills sector too, extension of interest subvention scheme, foreign trade policy, meeting with Union Minister, registering loss, spinning sector facing tough period, Texpreneurs Forum, with the Ebitda

Members of the Texpreneurs Forum on Wednesday held a meeting with the Union Ministers, and officials seeking extension of the interest subvention scheme to entire textile sector.

Prabhu Damodaran, secretary of the Forum, who led the delegation briefed the Ministers and officials about the need to give the coverage of the scheme to spinning mills sector too,

Related Keywords: facing major challenges, handloom sector, major portion of state population, migrating to bigger cities, textile and handloom officials, training on a strategy to motivate handloom workers, two day workshop, weaver giving up profession

A major portion of the State’s population is into handloom business after agriculture. As the handloom sector is facing a major challenge as weavers are giving up the profession and migrating to bigger citities.

A two-day workshop for officials of Textile and Handloom Department of the State Government has been organized in the Capital on Wednesday. The workshop aims at training the Department officials engaged in the sector of Government schemes and skill development.

Related Keywords: assured removal of, concern over unilateral import bans, elimination of non tariff barriers, hurdles and obstacles, Iranian Commerce Minister, Iranian counterpart, Pakistan Commerce Minister, through effective measures, way of bilateral trade

Pakistan’s commerce minister has expressed the concerns on the unilateral import bans and emphasized elimination of all non-tariff barriers with his Iranian counterpart. The Iranian Commerce Minister assured that hurdles and obstacles in the way of bilateral trade would be removed through effective measures.

He has offered maximum facilitation for Pakistan’s private sector to hold and participate in trade exhibitions in Iran.

Related Keywords: and man-made fibres and yarns, Chinese yarn and fibre market, cotton yarn, flax, Indian Pavilion and Pakistani zone, Indonesian exhibitors, leading fibre and yarn trade event in Asia, of natural and blended yarns, regenerated flax, synthetic fibres, visitor number, witnessed constant growth, wool, Yarn Expo Spring

Yarn Expo Spring 2015, leading fibre and yarn trade events in Asia, wrapped up on March 20 witnessed constant growth in its visitor number. The fair attracted nearly 21,000 trade visitors from 46 countries and regions – with the top five being Mainland China, India, Korea, Turkey and Hong Kong – representing an increase of 3% compared to last year.

The three-day event, which commenced on March 18 in the National Exhibition and Convention Center (Shanghai), was the second edition in Shanghai after it relocated from Beijing in 2014.

Related Keywords: Despite the fact that cotton yarn market continues to be sluggish, the expected delay in arrival of next crop is causing some panic among spinners who want to build up stocks. Strong buying from spinners kept prices high on the cotton market on Tuesday.

Despite the fact that cotton yarn market continues to be sluggish, the expected delay in arrival of next crop is causing some panic among spinners who want to build up stocks. Strong buying from spinners kept prices high on the cotton market on Tuesday.

However, short supply and ginners’ reluctance to dispose of stocks at prevailing prices kept activity restricted.

According to brokers, the domestic trend is quite different from the global market where most markets are showing easy trend.

The Karachi Cotton Association (KCA) continued with the no changes in its spot rates.

Related Keywords: blends with cotton or polyester, children school uniforms, Chinese textile company, developing new, expansion drive in India, garment making unit at Kalapatti, good reaction from India, handloom technique, in Delhi, makes fabrics, recycled pet bottles, setting up a new project, Vision Textiles, Waste2Weave, working with TARA

Vision Textiles, a Chinese textile company which makes fabrics from recycled pet bottles, having noted that the initial reaction for products made from recycled pet (polyethylene terephthalate) bottles has been good in India, especially in the making of children’s school uniforms, is on an expansion drive in India, informed Founder and CEO Monique Maissan.

The company, which sells garments under the Waste2Wear brand in India, is now in discussion with possible investors to scale up business in the country. It’s also looking for partners.