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Related Keywords: economics, export of textile products, extension of trade, financial cooperation, Green week, host founding meeting, investment, signed contract, to promote, Uzbek German business council

Uzbekistan and Germany are planning to set business council that will promote extension of trade, economic, investment and financial cooperation between both countries, in this connection Berlin to host the founding meeting late in February.

The Council will present Uzbekistan’s investment potential in German, organize presentations and forums, and protect the interests of Uzbek and German companies operating in both countries.

Related Keywords: Abbas Khan, approved by ECC, boost economy, boost exports, create employment, double textile exports, Export Refinance Scheme, focus on value added products, Long-Term Financing Facility, Pakistan textile and clothing sector, production chain, resolve energy crisis, Textile Minister

The Pakistan textile industry finally gets its new Textile Policy 2014-19 as the Economic Coordination Committee of the Cabinet (ECC) gives approval. Announcing the new textile, the Textile Minister, Abbas Khan on Monday said that an amount of Rs 64.15 billion was proposed for next five years against the allocation of Rs 188 billion for the last textile policy 2009-14. This is help boost country’s exports of textile and clothing sector to $26 billion by 2019 from $13 billion.

Related Keywords: circular knitting machines, dyeing and finishing machines, Hi-tech international trade fair, India trade promotion organisation, Industrial Revolution era NIFT-TEA Knitwear Institution, Knitting technology trade fair, knitwear production, state-of-the-art machinery, vintage apparel machinery museum

The 13th edition of the Knit-Tech, a knitting technology trade fair organised by Hi-tech International Trade Fair and approved by the India Trade Promotion Organisation concluded yesterday on February 9.

More than 200 companies from India and abroad were exhibiting state-of-the-art machinery related to the knitwear production which include circular knitting machines, dyeing and finishing machines, knit printing appliances, computerised flat knitting machines, yarn conditioning machines, sewing machines and fabric dyeing machines, among others.

Related Keywords: changing government policy, core of Egypt economy, Cotton growers, Egyptian cotton, end of subsidy, international cotton prices, shrinking domestic market, white gold, world market

Egyptian cotton, the so-called “white gold” a byword for luxury that is prominent the world over and also the former core of Egypt’s economy and the source of many a trader’s fortune has been declining for years due to changing government policy, a shrinking domestic market and the vagaries of international cotton prices.

Related Keywords: fancy cotton bags, hand embroidery, innovative products and designs, mural paintings, National Handloom expo in Kozhikode, sarees embellished with fabric, weavers cooperative societies, weavers of Kerala state

Both major and minor weavers of Kerala state are forced to improvise products to attract customers as they face stiff competition from other states. This was observed at the ongoing National Handloom Expo 2015 which began at Marine Ground in Kozhikode on Saturday.

Earlier, weavers from the State had nothing much to offer than the traditional mundu, set mundu, towels, bed sheets, and shirting materials. Now, they have come up with innovative products and designs to capture the interest of the customers.

Related Keywords: cotton farming, National Cotton Council, NCC survey, smallest cotton acreage, US cotton farmers, weak market price, worlds biggest exporter

The National Cotton Council (NCC) expects cotton farming in the world's biggest exporter to fall to 9.4 million acres in 2015. That would be the smallest cotton acreage since 2009, according to U.S. government data.

U.S. cotton farmers are expected to reduce acreage by nearly 15 percent this year as weak market prices force them to switch to other crops.

The NCC survey, widely watched as one of the earliest indicators of the next season's production, is based on a questionnaire mailed in mid-December to producers across the 17-state cotton belt.

Related Keywords: backward linkage, Bangladesh RMG sector, Bangladesh textile mill association, demonstrated, Dhaka international textile and garment machinery exhibition, fabric and yarn, market textile and garment machineries and parts, production techniques, Textile mills

The 12th Dhaka International Textile and Garment Machinery Exhibition (DTG2015), four day exhibition which opened up last week with nearly 900 different exhibitors from 32 countries to market a wide state-of-the-art-textile and garment machineries and parts. The DTF 2015 demonstrated the huge potential of Bangladesh’s RMG sector.

Related Keywords: benefit from TTP, EM apparel supplier, foreign investment, global apparel export market share, NAFTA, research report, Standard Chartered Bank, US market, Vietnam apparel industry, Vietnam to overtake Bangladesh

Vietnam apparel industry to benefit from Trans Pacific Partership agreement (TPP) according to a research report by Standard Chartered Bank. A wave of foreign investment in Vietnam’s textile industry has already begun, ahead of a potential TPP deal. On this basis, Vietnam likely to overtake Bangladesh in the global apparel export market share to become the second-biggest EM apparel supplier after China when its apparel exports swells to US$115 billion.

Related Keywords: Cotton cultivation in India, global cotton cultivation, global demand, ICAC, lack of good quality, low price and lower demand, South Indian Mills Association

India’s cotton cultivation is estimated to drop by 20 percent in 2015-16 if low price and lower demand continue to remain will discourage farmers to reduce cotton cultivation, after having witnessed a year of record production. In 2014-15, cotton area under cultivation was around 13 mn hectares about 1.5 mn hectares higher than the previous year.

While global demand for cotton and cotton yarn dropped in recent months, cotton prices also dipped owing to lack of good quality cotton in the market.

Related Keywords: artificial price hike, avoid price fluctuation, first yarn bank in India, hoarding of yarn stock, ISPSD, Pandesara, powerloom clusters, powerloom weavers, procure yarn on credit, Union ministry of textiles, Ved Road, yarn at concessional rate, yarn sample

The Union ministry of textiles to provide powerloom weavers yarn at concessional rate has formed two special purpose vehicles (SPVs) namely Ved Road Art Silk Small Scale Cooperative Federation Limited and Pandesara Weavers Cooperative Society Limited for setting up India’s first yarn bank under the Integrated Scheme for Powerloom Sector Development ( ISPSD).