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Related Keywords: APTMA, demand regulatory duty, DTRE scheme, free market mechanism, import of fine count yarn, India capturing Pakistan domestic market

The All Pakistan Textile Mills Association demanding for 15 percent Regulatory Duty on import of subsidized fine count yarn, mainly from India as India is capturing Pakistan’s domestic market of fine cotton yarn by design which can be controlled without disturbing the DTRE scheme or import under manufacturing bond.

According to a spokesman, APTMA is itself major stakeholder but it is still asking for imposing regulatory duty on a specific product in the larger interest of domestic industry.

Related Keywords: Ahimsa silk, Benaras Brocade, handloom of Benaras, handspun fabrics, Indian traditional textile, Khadi, Pashmina, textile and fashion world, textile map, textile market, tussar and moga silk

India is the second largest textile exporter in the world. Indian traditional textile has a unique combination of handspun fabrics and the inherited skill of weavers is the USP giving an edge in a mechanized world. Idiosyncratically, the handlooms of Benaras and khadi are among India’s greatest sartorial contributions to the world. They are a rarity in the world of textiles and need to be looked at with a fresh perspective.

Related Keywords: Bunkar style garment, Chhattisgarh Apex Handloom Federation, fashion show, handloom, kota silk, NIFT, partner nation Lebanon, rich textile and design, Surajkund international crafts mela

The 29th edition of 15 days long Surajkund International Crafts Mela that began at Surajkund, Faridabad on February 1 with 18 countries participating in the 'mela'. Several artists from different countries including partner nation Lebanon and states like Chhattisgarh, Punjab, and Haryana enthralled the audience with their textiles and designs.

The event was inaugurated by the Managing Director of Haryana Tourism and Chief Administrator Sumita Misra, was followed by 'Gaur' dance of the Madia tribe of Bastar in Chhattisgarh.

Related Keywords: anticipated price hike, cotton price, Karachi Cotton Association, Pakistan cotton market, spot rate

Pakistan cotton market witnessed decline in trade turnover of cotton as several textile mill-owners remained on the sidelines on ease in panic-related to anticipated price hike. The decline was by 43 percent to 11,500 bales (155 kilograms each) on Saturday.

According to Naseem Usman, a broker at the Karachi Cotton Exchange, the ease in cotton price worldwide influenced mill-owners to remain on the sidelines at the local markets.

The Karachi Cotton Association (KCA) kept its official rate for cotton unchanged for the second working day at Rs4,850/maund.

Related Keywords: appeal to RBZ, cheap fund, duvets, increase production, manufacturer of blanket and allied products, National Blankets, non woven textile, pillows, Zimbabwean textile company

National Blankets Limited, Zimbabwean textile company that manufactures of all qualities of blanket and allied products; of duvets; pillows , non-woven textiles and canvas. With over seventy years of operation in Zimbabwe, the company has become the major market leader in blanket manufacturing, presently operating at 20 percent of its capacity, has appealed to the central bank to make cheap funds available for local industry for recapitalization.

Related Keywords: CITI, excise duty, increase in demand, manmade fibre, MEG, mono ethylene glycol, per capita consumption, PTA, Purified terephthalic acid, synthetic fibre, Textile Industry

Globally, manmade fibre accounts for 70 percent of the fibre consumption while in India; it is less than 30 percent. The Indian textile industry to boost use of synthetic fibre want reduction in excise duty on all manmade fibre and filament from the existing 12 percent to 6 percent. As reduction in excise duty in manmade fibre will lead to increase in demand.

Related Keywords: boost textile production, conclude FTA with Europe, cut by EU, GSP privileges, impacting competitiveness, pay high duty, products exported to EU, Thailand, World Bank redefined

The EU has cut GSP privileges to several countries, including Thailand, since January 1 after the World Bank redefined them as upper-middle income countries from 2011 to 2013. Due to which Thailand has to pay high duty as much as 12 percent now for products exported to the EU, impacting the country’s competitiveness with countries such as Indonesia, Vietnam, Cambodia, Laos and Myanmar which still enjoy GSP privileges.

Related Keywords: boost investment, cotton cultivated, create jobs, Mysore famous for silk products, Mysore MP Prathap Simha, proposed to set up in Mysore, Santosh Kumar Gangwar, Sri Krishnarajendra Textile Mills, Textile cluster, textile mega cluster project, Union Minister of state for textile

The cluster for textiles proposed to be set up in Mysore to turn into reality as the land has been identified for the proposed cluster at Srirampura, on the outskirts of the city which falls within the Mysore Parliamentary constituency and with the Union minister of state for textiles Santosh Kumar Gangwar inspecting the proposed site to set up the cluster early next week.

Centre has released Rs 28 crore for the textile mega cluster project in Mysore which is expected to boost investment in the region and create jobs.

Related Keywords: created lucrative market, illegal shipment, Indonesian market, Indonesian Textile Association, poses health risk, prohibit people from buying, Secondhand apparel, threatens local garment manufacturers, Trade Law, Trade Ministry, Widodo

The Indonesian market has been witnessing increase in shipment of illegal secondhand apparel which is not only threatens local garment manufacturers but also poses health risks. Widodo, the Trade Ministry's director general for standards and consumer protection has called on consumers not to buy imported used clothing due to the hazards.

Related Keywords: appoint external agency, duty structure, Financial Minstry, fluctuation in cotton prices, Inventory policy of China, MMF cluster, Texpreneurs Forum, Textile Industry, TUF

Texpreneurs Forum is planning to submit a report on the financial stress faced by the textile industry in the last 2-3 year to the Finance Ministry for that they are in the process of appointing an external agency to conduct a study of the textile industry.

D Prabhu, Secretary, Texpreneurs Forum said that this is consequent to their meeting with the powers that be at the Centre and the recommendations made by the Textile Ministry to the Department of Financial Services under the Union Finance Ministry for lowering the interest on working capital loan for purchase of cotton.