News Tags

Related Keywords: approved, at Kagal, Board of Directors meeting, Eurotex Industries and Exports Ltd, from raw cotton to ready t wear, high value fashion garment, latest machinery and technology, Patodia Eurotex group of Industries, set up new textile project, sophisticated plants, Textile Industry, yarn production

Eurotex Industries and Exports Ltd. is a part of the Patodia Eurotex Group of Industries of national and international fame. The group's present annual turnover is in excess of USD 100 million (exports contributing over fifty percent) and covers almost a full range of the activities of the textile industry, from raw cotton to ready to wear high value fashion garments. The Board of Directors of Eurotex Industries and Exports Ltd at its meeting held on February 14, 2015, has approved setting up of New Textile Project at Kagal, Kolhapur.

Related Keywords: apparel and textile, Asia Pacific Economic Cooperation summit, Department of Trade and Industry, DTI, featuring fashion accessories, help MSME grow, hold international and domestic fair, Manila FAME fair, Philippines, promote Philippine products, reach international markets

The Department of Trade and Industry (DTI) to promote Philippine products and help micro, small and medium, enterprises (MSME) grow has planned to hold three international fairs as well as several domestic fairs this year.

The international and domestic trade fairs will be conducted to provide Philippine businesses, particularly MSMEs, a platform to showcase their products.

Trade Undersecretary Ponciano Manalo Jr. said that they will have three international fairs mainly two (editions of) Manila FAME plus IFEX (International Food Exhibition).

Related Keywords: disciplined manufacturers, exposition on design, fabricate their products, hand embroidery and textile wor, India Design ID, Indian design industry, lack of quality, linear thinking, Schablona India Ltd, Sebastian Wrong, UK based design director, untrained karigars, use own manufacturing units

India Design ID 2015, an initiative by Ogaan was recently flagged off at NSIC Grounds, Okhla, and was on till Sunday, February 15. The UK-based design director Sebastian Wrong who is the co-founder of British brand Established & Sons, The Wrong Shop, an e-commerce platform and the design house Wrong Hay, was here to participate in the third edition of 'India Design ID', an exposition on design.

Related Keywords: accompany Turkish Prime Minister, AHmed Davutoglu, bilateral trade volume decrease, enhance bilateral trade and investment, imposing an anti-dumping tariff, on textile products, Pakistan Turkey Business Forum, Preferential Trade agreement, Turkish private companies

Pakistan Turkey Business Forum 2015 to be held on February 17 in Pakistan to enhance bilateral trade and investment between the two countries. Around 15 Turkish private companies will accompany Turkish Prime Minister Ahmed Davutoglu to participate in the Business Forum.

Board of Investment (BOI) Chairman Dr Miftah Ismail said that it will be the third meeting of Pakistan Turkey Business Forum since the Pakistan Muslim League-N government came into power. Prime Ministers of both the countries would attend the forum.

Sources said that the decisions on preferential trade agreement (PTA) between Pakistan and Turkey will also be held on the sidelines of the business forum. Turkey has expressed its willingness to sign the much-awaited PTA with Pakistan as it has no outstanding issues to settle.

Turkey has been imposing an anti-dumping tariff on textile products from many countries, including Pakistan, since 2011 in order to prevent unfair pricing. As a result, the bilateral trade volume between Turkey and Pakistan decreased from $2 billion in 2010 to $1 billion in 2011 and to $726 million in 2013.

Private companies, especially from Turkish energy and construction sector are going to be part of the delegation Sources said that the dispute between the government of Pakistan and leading Turkish energy company, Karkey Karadeniz, would also come under discussion during the upcoming meeting of the two prime ministers.

Karkey is seeking compensation from Pakistan for breach of Pakistan's obligations under the BIT in connection with Karkey's investment in a rental power project (RPP) in Karachi, as well as for loss of earnings and costs associated with Pakistan's detention of its ship. The dispute has escalated to the highest levels of the government and was discussed during the recent visit to Turkey of Prime Minister Nawaz Sharif.

Dr Miftah Ismail said that the government was trying to find an amicable solution of the dispute as it was sending a negative signal to foreign investors not only in Turkey but other mega international companies. The government of Pakistan's Cabinet Committee of Economic Co-ordination Committee (ECC) had offered to commission seven out of 10 RPPs which were exonerated by the National Accountability Bureau (NAB). Karkey Company was not exonerated by the NAB.

However, in Pakistan, Turkey has already been working with the Punjab provincial government. Turkey is co-operating in different energy projects which will help Pakistan textile industry which is facing energy crisis affecting export growth.

Related Keywords: Bangladesh to explore, boost bilateral trade, Canada Bangladesh Chamber of Commerce and Industry, Canadian imports, CanCham, duty free market access to Canada, encourage investment, increase export diversification, jute, organized trade fair, other fabric, potential trading opportunities, readymade garment

Bangladesh has been enjoying duty-free market access to Canada since 2003 are now focusing to explore potential trading opportunities include expanding Canadian imports of readymade garment, jute, ceramic tableware and kitchenware.

Bangladesh aims to boost its present trade level of $2.0billion with Canada to $5.0 billion by 2020, a business leader said on Saturday.

Masud Rahman, president of Canada Bangladesh Chamber of Commerce and Industry (CanCham) said that they plan to increase their two-way trade to $5.0 billion at the end of 2020.

Related Keywords: Anandiben Patel, chief minister, develop skills, gujarat government, mega textile cluster, set up textile university, smart city, Surat hub of synthetic textile, Surat textile players, Textile Industry

Gujarat government to further develop skills in the textile industry, another important industry in Surat after diamonds, is planning to set up a textile university in Surat which would help boost its textile sector.

Gujarat chief minister Anandiben Patel on Sunday at the foundation stone-laying ceremony of 2,000-acres Diamond Research and Mercantile (DREAM) City here announced the setting up a textiles university at the proposed smart city- DREAM City near Surat.

She asked textiles players to seek land in the proposed DREAM-city on the outskirts of the Surat city.

Related Keywords: better cotton for value-added sector, comprehensive strategy, formulation of a new policy, increase cotton based textile exports, Pakistan textile industry, restructuring of institutions, strong fibre base, textile value chain

Currently in Pakistan there is a strong fibre base of 13 million bales of cotton which is almost stagnant for the past few years. To increase cotton based textile exports in the next five years, Pakistan textile industry has planned out a comprehensive strategy.

The proposed new measures include formulation of a new policy as well as restructuring of institutions dealing with cotton to promote availability of better cotton for the value-added sector in the textile value chain.

Related Keywords: apparel, buyer-seller meet, Carpet and Handloom council, councils function, election procedure, enhance outbound shipments, foreign country visits, handicraft, provided substantial funds, review for export promotion council, review on quarterly basis, Textile Ministry

Based on the review conducted by the Textiles Ministry in December 2014 on the functioning of export promotion councils. The government discontented with the way the councils functions has taken decision to bring changes in the norms for better working of councils, which are provided with substantial funds to promote exports.

Related Keywords: adopt eco friendly technologies and practices, Bangladesh Bank, central bank to set low cost funds, Export development fund, finance and environmental sustainability, Governor Atiur Rahman, Policy Research Institue, promote green financing, textile factories, textile sector

Policy Research Institute (PRI) of Bangladesh in Dhaka organised a seminar to discuss on "access to finance: environmental sustainability in the textile sector" in association with the International Finance Corporation yesterday wherein the Governor Atiur Rahman took a decision that the central bank will set aside $500 million of low-cost funds for textile factories to help them adopt eco-friendly technologies and practices.

Related Keywords: Bangladeshi knitwear product, bilateral trade, Foreign secretary, Japan and Bangladesh, Japanese Deputy Foreign Minister, kinitwear exports, largest development partner, Md Shahidul Haque, Shinsuke Sugiyama

During a high-level meeting between Japan and Bangladesh held in Dhaka led by Foreign Secretary Md. Shahidul Haque and Japan's Deputy Foreign Minister Shinsuke Sugiyama their respective delegations has decided to further relax the rules of origin for Bangladeshi knitwear products in its market. The government representatives of both countries expressed their support for the plan.

Md. Shahidul Haque said that Japan in principle has agreed to relax the rules of origin for Bangladesh. The modalities on it will be worked out now. This is a big announcement for Bangladesh.