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Related Keywords: affordable and friendly clothes, Danish Embassy, designed mink and fox fur coats, Future fur fashion show, Kopenhagen Fur company, Korean university students, towering model, young talented designers

The Korean university students in collaboration with the Kopenhagen Fur company and the Danish Embassy designed unique mink and fox fur coats. Students got their ideas from various sources, including city skyscrapers, cactuses, fish scales, Buddhist lotuses and medieval emblems The towering models wearing the uniquely designed fur coats walked down the runway at the Future Fur fashion show held at Seoul National University’s Museum of Art on Tuesday.

Related Keywords: demanded imposition, import of Indian yarn, Pakistan yarn merchant association, PYMA, regulatory duty of 15 percent

Having witnessed that Indian yarn import into Pakistan have quadrupled within six months impacting negatively on the Pakistan local market, Pakistan Yarn Merchants Association has demanded imposition of 15 percent regulatory duty on imports of cotton yarn from India.

PYMA zonal chairman Muhammad Akram Pasha and zonal vice chairman Adnan Zahid on Saturday, stated that during the six months of year 2014 July to December total quantity of yarn imported from India was Rs 15.8 billion while in the same period of preceding year the total import was Rs 4.2 billion.

Related Keywords: cotton ginning, create employment potential, investment made by textile companies, Maharashtra textile policy, offers capital and interest subsidy, powerloom, textile projects, textile sector, textile zones, weaving

Maharashtra’s 2011 textile policy has been the main motivator as it offers capital and interest subsidy on the investment made by textile companies which renewed interest in textile sector. In the last two years the State has managed to get investments to the tune of Rs. 7,099 crore and has created employment potential for 45,953 persons.

Related Keywords: Aditya Birla Nuvo's Madura Fashion & Lifestyle, building online business models, Creyate, customised clothing, Myfit, online shop, Raymond, Raymondnext, Textile major Arvind Ltd, textile majors and apparel brand, Van Heusen

Customised, or made to order clothing, is fast catching up as consumers are looking for perfect fits and more personal preferences to reflect in their apparels they shop online. This has driven textile majors and apparel brands to start building their online business models around it. Textile major Arvind Ltd made an e-commerce foray in August 2014 with a new custom clothing brand called Creyate, following suit in September 2014 was Raymond offering its 'made to measure' concierge service under the RaymondNext.com initiative.

Related Keywords: attractive destination, expand market share, foreign firms in Asia, foster cooperation in textile, India Vietnam business meet, Indian FDI in Vietnam, Indian made goods and services, investment and trade, Make in India program, raise bilateral trade and investment relationships, Southeast Asian nation, Vietnam and India

The Southeast Asian nation is an attractive destination in investment and trade for foreign firms in Asia, including those from India, as it is expected to become a large regional economy in the future thus Vietnam and India need to work together to raise bilateral trade and investment relationships to a new level to match their potential, Rajiv Kher, Commerce Secretary of India stated at the India-Vietnam Business Meet 2015 held in Ho Chi Minh City on Wednesday.

Related Keywords: bedwear, cotton cloth, energy shortage, GSP Plus scheme, lack of working capital, madeups, Pakistan textile export, plunge in december, PTEA, towels, value added items

Pakistan textile exports witnessed plunge of 6.38 percent in December 2014 despite the availability of GSP Plus scheme. The major factors behind the substantial drop in exports are energy shortage and lack of working capital.

According to the Pakistan Textile Exporters Association (PTEA) details, the country exported textile goods worth $1.175 billion in December against exports of $1.255 billion in the same month of previous year.

Value-added items also recorded a negative growth as cotton cloth exports declined by 13.62%, bed wear 11.54%, towels 11.39% and made-ups 10.04%.

Related Keywords: handloom, Indian textile industry, minimum wage, powerloom, SIMA, tailoring, textile and clothing sector, Textile mills, timely review, TN textile industry, weaving

The Textile and clothing sector has around eight schedule employment (under the Minimum Wages Act) such as cotton ginning, pressing and waste cotton industry, handloom and weaving industry, handloom silk weaving industry, hosiery manufactory, powerloom industry, silk twisting industry, tailoring industry and apprentices in textile mills.

Besides this, there are many industrial establishments engaged in the manufacture of knitted and woven garments and made-ups (home furnishings). Some of them cater to both – the domestic and export markets.

Related Keywords: export earnings, launched National CTG policy, Minister of Industry, Nigerian federal government, Nigerian made textiles and garments, NIRP, reinstate textile sub sector, rise employment, trade and investment

The Federal Government launched the National Cotton, Textile and Garment Policy in Abuja, the Minister of Industry, Trade and investment, Mr. Olusegun Aganga speaking during the launch of National CTG stated that the policy is a major component of the Nigeria Industrial Revolution Plan (NIRP) aimed at reinstating the textile sub-sector.

Related Keywords: Dutch textile and design company, economic diversification, Federal government Nigeria, invest in vibrant CTG sector, job creation, MoU, offer four brands, Uniwax and GTP, Vlisco, Vlisco Group, Woodin

Vlisco Group, Dutch textile and design company has signed a Memorandum of Understanding, MoU with the Federal Government of Nigeria to create a platform for significant expansion in Nigeria's economy. Vlisco Group to invest in Nigeria and contribute to the building of a vibrant Cotton, Textile and Garment (CTG) sector.

Related Keywords: CITI, excise duty, finished products, import raw material, Indian Department of textiles, Indo Rama Synthetics, issue of duty rationalization, make in India’ programme, man made fibre, PTA, taxed heavily, TUFS, with the PM

This is for first time that the Indian department of textiles has taken up the issue of “duty rationalization” with the PM, although it has noted that the approvals of other ministries are key to making such plans a reality. At present, man-made fibres attract a 12% excise duty while cotton fibres attract none. Similarly, imports of some of the raw materials for producing man-made fibres are taxed heavily and those of their finished products are taxed lower.