News Tags

Related Keywords: consolidated earning, drapery fabrics and bed linen products, global footprint, Himatsingka Group, Home textile major, home textile products, small cap textile manufacturer, upholstery fabrics, vertically integrated

The Himatsingka Group is a vertically integrated Home Textile major with a global footprint has recorded consolidated earnings before interest, taxation, depreciation and amortization (EBITDA) (including other income) grew by 2% to Rs 55.71 crore in Q3 December 2014 over Q3 December 2013.

After consolidated net profit increased 42.4% to Rs 24.51 crore on 7.4% fall in total income to Rs 466.93 crore in Q3 December 2014 over Q3 December 2013. The result was announced after market hours on 11 February 2015.

Related Keywords: chemical complex at Dahej, Chemical division, enhance research and development capabilities, industrial yarn, multi business entity, new specialtiy chemical plant, second major investment, SRF ltd, upgradation of technical textile plant

SRF Ltd a multi-business entity with headquarters in Gurgaon, India plans to enhance its research & development capabilities of its chemical division and upgradation of technical textile plant with an investment to the tune of about Rs 91 crores. This is company’s second major investment announced in less than a year. In August 2014, the Board of Directors of SRF had approved a capex proposal for setting up of a new specialty chemicals plant at its chemical complex at Dahej in Gujarat with a total investment of Rs 113 crore.

Related Keywords: Bangladeshi readymade garment sector, BGMEA, BKMEA, BTMA, cancellation of orders, delay in shipment, export target, extra burden of air freight, incur loss, non stop political unrest

The Bangladeshi readymade garment sector has incurred huge vandalism caused by the non-stop political unrest beginning from January 6. In the last 35 days the RMG sector has incurred a loss of Tk21,711 crore due to cancellation of orders, extra-burden of air freights and delays in shipments.

According to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) estimate, the apparel sector faced the order cancellations worth Tk10,000 crore while it had to spend additional money of over Tk918 crore for air shipments.

Related Keywords: cheap goods, damaging local textile manufacturers, disposable fashion, from UK, Ghana, greater quantity disposed, growing desire for fashion, manufactured in China and elsewhere, rise of fast fashion in Britain, second highest receiver, traded off for profit, used clothes, Western world

The Western world's growing desire for fast, disposable fashion, fueled by the ready supply of cheap goods manufactured in China and elsewhere, means people are consuming and then disposing of an ever greater quantity of garments. Ghana is the second highest receiver of used clothes from the United Kingdom (UK).

According to the United Nations Comtrade database, Ghana spent $65 million on importing used clothes from the UK, in 2013 which were donated to charity homes but ended up being bought by new owners as they were traded off for profit as per the BBC.

Related Keywords: brain child of QIFF, demand for textile, designer for half a decade, Designers Fashion Lounge, fashion product, natural interest, nt, Sana Salman

Qatar International Fashion Festival (QIFF) aims to help Pakistan’s talented designers in a mission to explore this new market and to make a platform where people can come and display their products and talent.

Sana Salman, a known designer in the fashion industry for half a decade is the brainchild of. QIFF. Sana who formed her own label Saanaz in 2010, Sana has collaborated with a lot of major names of the fashion industry and has successfully showcased them in Doha.

Related Keywords: e-commerce platform, Flipkart, furnishing, generate business, handloom and handicraft, home decor, marketing support services, seller become millionaires, SME training programs, SMEs, technology platform, working capital assistance

Flipkart, an E-commerce major, through its platform aims to help small and medium enterprises (SMEs) to generate business worth Rs 10 lakh (a million) this year. In fact, to encourage and enable sellers grow and expand their businesses, Flipkart are offering various initiatives/support like - workshops/sessions, SME training programs, working capital assistance, marketing support services like packaging, cataloging to sellers and through Investments in building a technology platform.

Handloom, handicrafts and local artifacts have emerged as prominent categories on their platform.

Related Keywords: Bangladesh exhibitors, Bangladesh Nepal expo, foster business linkage, handicrafts, jeans, Minister for Commerce and Supply Sunil Bahadur Thapa, platform for business communities, strengthen bilateral relations, sweatshirts, T-Shirts, Textiles

Bangladesh-Nepal Expo 2015 kicked off on Wednesday with the aim of providing a platform for the business communities of the two countries to foster business linkages. Minister for Commerce and Supply Sunil Bahadur Thapa inaugurating the expo said that it would strengthen bilateral relations between the two countries.

This expo is an opportunities to enhance trade between the countries as they share many common cultures. The government is in the process of creating a new trade agreement to facilitate product and service trade in both the countries.

Related Keywords: buyers replenish stock, cotton price, influenced by international trend, Pakistan cotton market, textile goods, upward journey, world cotton market

Cotton price in Pakistan market maintained upward journey on Wednesday, influenced with the recent international trend. Brokers said that deals were made at higher rates by up to Rs150 to Rs200 per maund as the world cotton markets moved higher influencing the domestic trading. Buyers rushed to replenish their stocks at higher level, cotton prices rose above the psychological barrier of Rs5,000 per maund because of rise in the dollar’s value against the rupee which has improved export parity of textile goods.

Related Keywords: artisanal textile production, Handloom Cluster Development Project, handloom cluster sites, Indian Ministry of Textile, ITC, ITC pilot project, quality management, sophisticated handloom, textile design, training at IIHT, Zambia, Zambian handloom weaver

Zambian handloom weaver received training at the Indian Institute of Handloom Technology (IIHT) in Salem on textile design, block printing, use of sophisticated handlooms and quality management. During the training period of two month they also visited several handloom cluster sites in Tamil Nadu. The programme, which was facilitated by the International Trade Centre (ITC), was backed by the Indian government's Ministry of Textiles as well as the IIHT.

Related Keywords: APTMA, energy supply, Heimtextile exhibition, imposed regulatory duty, new textile policy, Pakistan announced, Punjab based textile industry, SNGPL restricted gas supply, substantial export orders, textile export

With the new textile policy 2014-19 being announced, according to All Pakistan Textile Mills Association chairman S M Tanveer taking the textile exports to $26 billion in next five years would remain a dream in case the energy supply remained situation dismal, particularly in Punjab and hence the proposal to make availability of electricity at 8 cents per unit for feasibility of textile industry in Pakistan has been put forward.