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Peru and India to focus on FTA this year

Related Keywords: and decorative items, business development, business relation to grow immensely, Business Roundtable, carpets, CCI, curtains, EPCH, Free trade agreedment negotiation to begin, handbags, India Handicraft Exhibition, Peru and India, products ranging from textiles, women’s clothes

Peru and India to begin with Free Trade Agreement (FTA) negotiations in the second half of the year which is expecting relations between Peruvian and Indian businesses to grow immensely. Peruvian trade with India could reach the billions with Free trade and business developments.

That means improved processes to reach business agreements and more money for the countries living worlds apart.

Bilateral trade between Afghan and Pakistan likely to touch $5bn in 2014-15

Related Keywords: between Afghan and Pakistan, bilateral trade, joint venture, major trading partner of Pakistan, moved from informal to formal sector, SAARC and OIC members, top exporting market, untapped natural resources

Afghanistan is one of the major trading partners of Pakistan and has been top exporting market for Pakistani products since ages. The bilateral trade between Afghanistan and Pakistan is likely to touch $5 billion in 2014-15.

Afghanistan is the fourth largest export market for Pakistan after United States, European Union and China. In recent years, trade with Afghanistan has moved from informal to formal sector. In 2000-01, the formal exports to Afghanistan stood at $140 million that grew after a decade to $2.33 billion in 2010-11.

Sikkim’s first apparel manufacturing centre to mark debut of textile sector

Related Keywords: Apparel and garment manufacturing centre, become operational by July, converting traditional handloom, first ever in Sikkim, generate employment, into fashion garments, mark the debut of textile sector, provide skilled training, with three units

Sikkim to get its first ever Apparel and Garments Manufacturing Centre soon which will have three units. The proposed centre to involve investment to the tune of over Rs.18 crore will generate employment to one thousand give hundred local youth in Sikkim in the beginning. This will mark the debut of the textile sector in this tiny Himalayan border State.

The proposed Apparel and Garments Manufacturing Centre is expected to become operational by July this year.

Pakistan likely to miss its exports target of $27bn

Related Keywords: Export development fund, export target, facilitate exporters with business friendly environment, failed to benefit economy, GSP facility, Pakistan textile sector, TDAP

Pakistani textile sector has benefited due to the GSP facility but has failed to benefit the country’s economy as the government has failed to facilitate exporters with business-friendly environment due to which Pakistan likely to miss its export target of $27 billion.

According to the Pakistan Economy Watch (PEW) report, President Dr Murtaza Mughal said that Federal Board of Revenue (FBR) could not pay original refunds of around Rs100 billion, while fake refund claims are being processed immediately.

Mela Phulkari with Punjab weave magic is back again this year

Related Keywords: celebrate rich tradition, Faridkot, Mela Phulkari, Milkpot on Cycle, phulkari fabric, phulkari shawls, printed stoles in phulkari pattern, traditional motifs of phulkari, vibrant culture of the state

Mela Phulkari, second edition is back this year with the aim to celebrate the rich tradition of the phulkari fabric which is still intact yet the exhibition makes use of this fabric to narrate the entire history and define the vibrant culture of the state from where it originates. Mela Phulkari II’ began on 2nd April and will be on till 8th April at Open Palm Court, India Habitat Centre.

Hong Kong finds Sri Lanka apt destination for textile production

Related Keywords: costs of operating, Free trade agreement, HKTDC. identify alternative production bases in Asia, Hong Kong textile and garments houses, Hongkong firms, scouting neighbourhood, shift production lines, surging labour, value-added production

Hong Kong firms are scouting the neighbourhood to shift their production lines. With the mainland encouraging wages to rise, Hong Kong companies with operations across the border are increasingly looking for new options.

Hongkong is thus eyeing pointers from early movers like Fountain Set. One of Sri Lanka's largest knitted fabric manufacturers, Ocean Lanka which is a joint venture between Hong Kong-headquartered and listed Fountain Set and Sri Lankan apparel majors Brandix and Hirdaramani may be an apt find for their hunt.

Robot Systems of Gokaldas exports now an acquisition of Raymonds

Related Keywords: entire shareholding in Robot Systems, Gokaldas Exports, India textile major, Largest manufacturer and exporter of apparel, signed agreement, Silver Spark Apparel, unit of Raymond

Silver Spark Apparel ,a unit of Raymond –the Indian textile major and a global conglomerate-has signed an agreement with the Gokaldas Exports which is amongst the nation’s largest manufacturers and exporters of apparels.

The apparel major through this pact is liable for acquisition of the entire shareholding in Robot Systems ,a wholly owned subsidiary of Gokaldas Exports. Gokaldas Exports has four decades of partnering the world's most trusted fashion labels, 30 state-of-the-art factories and 32000 employees.

Indo-Bangla need to remove disparity in trade relations

Related Keywords: affect domestic garment producers, apparel sector, China using trade route, disparity in trade policies, dump products, India and Bangladesh, Prabhu Damodaran, secretary of Texpreneurs Forum, Trade agreement, trade policies, Union textiles ministry

Prabhu Damodaran, secretary of Texpreneurs Forum on Saturday put forth his views regarding the trade agreements between India and Bangladesh. According to him there is disparity in the trade policies between the two nations. This disparity will affect the domestic garment producers/suppliers, as China too is using the trade route through Bangladesh to dump their products.

At present, 48 types of textile items, including finished garments from Bangladesh, were being sold in India without any duty following the free trade agreement signed between the two countries.

Indian fashion weeks perform better than European counterparts

Related Keywords: AIFW, Fashion consultant, Fashion Design Council of India, fashion weeks, first Miss India, India fashion industry, LFW, Meher Castelino, special Indian Textile Day, traditional handlooms

Meher Castelino, the country's first Miss India and now a fashion consultant puts the world scenario regarding fashion weeks which seem alarming and question the future existence of fashion shows in India. Right now, fashion weeks work for India is a new concept for the young Indian fashion industry.

CCoR recommends merger of Textile with Commerce ministry of Pakistan

Related Keywords: Committee on Restructuring, Federal Minister for Finance, Ministry of Textile Industry, Pakistan fourth largest cotton producer, recommend merger of textile and commerce ministries, signal a strong denial, value added textile export sector, value-added textile export associations

The Federal Minister for Finance Senator Muhammad Ishaq Dar chaired the Committee on Restructuring (CCoR) held on March 27th, 2015 recommending the merger of the textile and commerce ministries.

The letter proposed regarding the same quoted that the Ministry of Textile Industry was established on the ethical demand of the value added textile export sector - the backbone and lifeline of our nation’s economy, which exports 54.63 percent of the total nation’s exports and generates 42 percent of the total employment including male and female workers.

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