News Tags

Related Keywords: apparel and furnishing applications, doubles its production space, FCF, Fine Cotton Factory, from natural and MMF and blends, houseseventy knitting machines, increase in demand, increase in production capacity, leading textile manufacturer, new high speed decorative mattress ticking machines, quality control, range of woven and knitted fabrics

Fine Cotton Factory (FCF), headquartered in Toronto is a leading textile manufacturers, of a range of woven and knitted fabrics for apparel and furnishing applications, from natural and man-made fibers and blends announced that it has doubled its production space to 80,000-square-feet as a result of higher than expected increase in demand.

The expansion will house 70 knitting machines including several new high speed decorative mattress ticking machines that will allow for an increase in production capacity to 500,000 yards per month.

Related Keywords: benefit West Bengal, CFCs, development, eastern region state, get new skill centres, long term policy for ten year, marketing of diversified products, Minister of State of for Textiles Santosh Kumar Gangwar, National Jute Board, new textile policy, placed in budget session of Parliament, production, special incentives, train in designing

Minister of State of for Textiles Santosh Kumar Gangwar at the National Jute Board event held in Kolkata said that they expect to place the new proposed Textile Policy which will be a long term policy for 10 year in the Budget session of Parliament. As special incentives may to be announced for the eastern region states, the new textile policy is projected to benefit West Bengal in a big way.

Related Keywords: Chairman M. Senthil Kumar, high tension consumers, in-house expertise to advice, reduce power tariff, right from designing the textile project to marketing, SIMA, Textile Industry

The Southern India Mills’ Association through its Chairman M. Senthil Kumar has put forth an argument that as the price of the fuels for power generation has come down; the power tariff should be reduced.

The State is now having surplus power which is available under open access at a lower cost too. Thus, the SIMA, representing textile mills in the state, has asked the State Government to reduce power tariff for high tension consumers, and consider separate tariff for textile industry.

Related Keywords: attract investment, benefit the economy, expecting thirty thousand crore investment, export oriented goods, main fcous on manufacturing, mega textile parks, Minister of State for Textile, new textile policy, not sell the National Textile Corporation (NTC) lands, Santosh Gangwar, seventy four textile parks, value added products

With government planning to announce a new textile policy by April this year with main focus on manufacturing of value added products and export oriented goods that will benefit the economy. The government is also expecting Rs.30,000 crore investment in 74 textile parks, said Minister of State for Textile Santosh Gangwar at Make in India Week held in Mumbai.

The government has given approval to 24 Textile Parks in the last one year, the rest were cleared by the previous government. So in total 74 textile parks will be set up, which will attract an investment of Rs 30,000 crore.

Related Keywords: Belexpo National Exhibition Center, biggest industrial exhibition, corsetry, exhibition will feature clothes, fabric and nonwoven fabric, fur, headgear, home textiles, Knitwear, leather and goods made of them, lingerie, organizing Beltexlegprom, scarves, shawls, swimwear, Trade Ministry of Belarus

The Trade Ministry of Belarus is organizing Beltexlegprom - Belarus' biggest industrial exhibition again this year. The exhibition is organized by the Belexpo National Exhibition Center under the support of the Trade Ministry.

The business program of the exhibition will include special-purpose seminars, roundtables with the participation of leading companies, representatives of the trade sector and mass media, and also the presentation of participating firms and a display of clothes and footwear collections.

Related Keywords: gas price reductions, improve competitiveness, income tax incentives, Indonesia-Japan economic partnership, Indonesian government, Indonesian Textile Association, industrial activities get electricity price cut, interpret stipulation differently, introduced third stimulus package, PLN, state electricity company, Textile Industry

The Indonesian government has introduced a third stimulus package stipulates that industrial activities get electricity price cuts from 11 p.m. to 8 a.m. However, the textile industry and the state electricity company PLN, which supplies the power, interpret the stipulation differently.

Based on PLN’s understanding, the price cut will only be given to companies consuming more than they usually do every day. The textile industry, meanwhile, says the price cut should be given to industrial activities during the specified timeframe regardless of the amount of their power consumption.

Related Keywords: APTMA, FIEDMC, import duty free machinery, in the urban areas of Faisalabad, install in mega industrial estate, scattered textile units, shift textile processing units, signed landmark MoU, Special Economic Zone, to well planned state of the art industrial estate

Faisalabad Industrial Estate Development and Management Company (FIEDMC) has signed a landmark Memorandum of Undertaking (MoU) with All Pakistan Textile Processing Mills Association (APTPMA) to shift the textile processing units to a well planned and state-of-the-art M-3 Industrial Estate.

Related Keywords: Indian textile policy, investment in textile sector, new textile policy, textile exports of India, textile exports target of India, textile parks in India, textile sector of India, textiles minister

Union Textiles Minister Santosh Kumar Gangwar said that New National Textile Policy is to be issued before the end of April, 2016 during the budget session of the Lok Sabha.

The new policy sets a target to achieve $300 billion (nearly Rs 20.50 lakh crore) textile exports by 2024-25 and generate employment opportunities with an additional 35 million jobs.

The policy is expected to accommodate a series of reforms to make India a truly manufacturing hub in textiles sectors so that Indian textiles players can take maximum advantages of the slowdown in Chinese textiles industry.

Related Keywords: cotton bales, Ginners, mainly from India, over past several weeks, Pakistan cotton market, PCGA, prices of domestic cotton, projection, remained steady, seed cotton, sharp slow doen in cotton turnover, sizeable short, using imported cotton and yarn

The prices of domestic cotton over the past several weeks have remained steady though there is a sharp slow down in the cotton turnover this year (August 2015/July 2016) of only about 9.8 million bales (155kgs) against the earlier projection of upto 15 million bales.

As per its fortnightly seed cotton (Kapas/Phutti) arrivals report for the current season (2015/2016) till the 15th of February, 2016, the Pakistan Cotton Ginners Association (PCGA) said the ginning factories received 9,687,118 lint equivalent bales.

Related Keywords: ATUFS, global market access, increase disbursal, low cost of manufacturing, Make In India event, Santosh Kumar Gangwar, Textile Industry, Union Minister of Textiles, upgrade technology

The government had initially estimated disbursal of Rs18,000 crore under the Technology Funds Scheme (TUFS) but with the increasing interest from the textile industry and the opportunities that lie ahead government is now looking to disburse textile funds of around Rs 30,000 crore under ATUFS scheme by 2022, said Santosh Kumar Gangwar, union minister of textiles, independent charge on the sidelines of the Make in India event held in Mumbai.

The amount marks a 67% increase in disbursals from its original plan, Gangwar added