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Related Keywords: Administrative Secretary of Zamfara Textile Industry, Alhaji Sani Muhammad, Federal Government of Nigeria, government to provide improved cotton seeds, importation of textile materials, led to collapse of textile sector, modern textile machines, Nigerian fabrics, revive nations ailing textile mills, urged to ban import of foreign fabrics

The Federal Government of Nigeria has been urged to ban import of foreign fabrics to revive the nation’s ailing textile mills. According to Alhaji Sani Muhammad, the Administrative Secretary of Zamfara Textile Industry located in Gusau, importation of textile materials had led to the collapse of the nation’s textile sector.

Muhammad lamented that Zamfara Textile, established in 1965, had layed off over 2, 500 workers in 2004. It is unfortunate that the industry is not able to come back fully.

Related Keywords: allot land for projects, apparel garment units, boost textile industry, central government, develop industrial hubs across country, feedback of people, in talks with Uttarakhand, Santosh Gangwar, set up twenty textile parks, some other states, Technical textile sector, Union Minister for Textiles, upcoming Union Budget

The central government has decided to set up 20 textile parks to boost textile industry in the country for which the centre is in talks with Uttarakhand and some other states so that land for these projects can be allotted. The proposed parks will eventually develop industrial hubs across the country, said Union Minister for Textiles Santosh Gangwar during his visit to Haridwar on Sunday to take feedback of people for the upcoming Union Budget.

While apparel garment units are being set up to promote the textile sector. A special emphasis is being laid on the technical textile sector.

In Qianqing, PC (65/35) 32s yarn prices edged down US cent 1 a kg in the third week of January while 45s PC combed yarn prices rolled over on the week.

Price offers for blended spun yarn dropped less sharply in China, ahead of lunar year holidays. Polyester-cotton prices have however been lowered in Qianqing, in line with a slight decline of cotton prices.

Yarn producers were trying to reduce their inventories before holidays and were ready to negotiate prices further.

Related Keywords: pc yarn prices, Polyester prices, prices, psf prices, pv yarn prices, rayon prices, yarn prices

In China, mainstream prices of 40s compact siro-spun yarn in Jiangsu slid to 19.65 Yuan a kg (US$3.00 a kg) while 30s spun viscose in Xiaoshan rolled over at 17.10 Yuan a kg (US$2.61 a kg) in the third week of January.

Offers and selling ideas were reportedly steady for spun viscose yarn in China that week. They were adjusted up somewhat, indicating another way of closing offers as VSF prices stopped falling.

In India, 30s viscose spun yarn prices inched up INR1 a kg (down US cents 2 due to weak INR) in Indore market.

Related Keywords: rayon prices, spun yarn prices, Viscose price, viscose price in china, viscose price in india, viscose price in Pakistan, viscose staple fibre price

Related Keywords: Bangladesh Garment Manufacturers and Exporters Association, Bangladeshi taka, corporate tax in Bangladesh, Garment Exporters, garment imports in Europe, garment makers in Bangladesh, garment sector of Bangladesh, garments exports from Bangadesh to Europe, tax for textile industry, textile sector

In order to help exporters upgrade factories and boost investments, government of Bangladesh is set to revive the option of reduced corporate tax rate for the garment sector.

From fiscal year 2005-06 till 2013-14, the sector paid corporate tax at a reduced rate of 10 percent.

However, this provision was expired on 1st July, 2014 and the government did not extend it again, meaning the sector paid tax at the 35 percent rate in fiscal 2014-15.

Related Keywords: Department of Sericulture development department, eleven states participating, forty stalls installed, inaugurated by Commissioner Secretary Agriculture, Mohammad Ashraf Bukhari, organize similar Silk Expo in Kashmir valley, promote silk and silk products, Silk Expo, Silk Mark Organization of India, silk traders and manufacturers

The Silk Expo organized by the Department of Sericulture Development Department in collaboration with Silk Mark Organization of India (Centre Silk Board) to promote silk and silk products in the state was inaugurated by Commissioner Secretary Agriculture Mohammad Ashraf Bukhari yesterday.

As many as 40 stalls have been installed and Silk Traders and Manufacturers from 11 states of the country are participating in Silk Expo. The Government of Jammu and Kashmir in collaboration with Ministry of Textiles has given special focus to develop and promote silk sector in the State.

Related Keywords: buyer-seller meet of handicraft exhibitors, Export Promotion Council for Handicrafts, exporters, lace handicraft workers, lace product manufacturing, Latin America and Russia, Ministry of Textiles, promote Indian products, scale up growing demand, setting up two large handicraft warehouses, submitted final proposal

Export Promotion Council for Handicrafts (EPCFH) has submitted final proposal to the Ministry of Textiles for setting up two large handicraft warehouses in Latin America and Russia to promote Indian products in a big way. EPCFH is waiting for a positive response soon from Ministry of Textiles.

Related Keywords: capitalise maximum returns, cotton bales, Cotton growers, cotton growing belts, fine lint in demand, ginning units, KCA, Lint market, Mills in Sindh and Punjab stations, month period forward deals, physical prices firm, spot rate, textile sector, trading session

During the trading session, many buyers made deals in fine grade to strengthen their long positions in the lint market that kept physical prices firm. Trader at the Karachi Cotton Association (KCA) also said that some leading buyers made a month period forward deals for all grades on Saturday.

Related Keywords: and Sudiva Spinners, clinch highest investment proposals, installed machinery, Nitin Spinners, Rajastan government signed investment proposals, Rajasthan textile industry, Rswm, started construction, started production, twenty three textile projects, vilified for polluting environment

Rajasthan textile industry vilified for polluting the environment, the sector needed modernization and new technologies to keep alive the rich textile heritage and also build on the brand image. The state government has not only addressed those concerns but also given a very encouraging policy support unmatched anywhere in the country. The high conversion rate of investment proposals into textile projects is the result of the confidence the government generated among the investors, said Industries minister Gajendra Singh Khimsar.

Related Keywords: Cotton development and textile industry performance evaluation, emphasis to quality, Ethiopian textile export performance, ETIDI, export oriented, lagging behind Nation plan, managerial and technical capacity of companies, obtained seventy percent of the plan, power outage and fluctuation, shortage of manpower and high turnover

Export performance of the textile sector is lagging behind plan during the 2015/16 fiscal year first half year. This is found at the cotton development and textile industry performance evaluation, the Ethiopian Textile Industry Development Institute (ETIDI) announced that the export of textile has reached 41.1 million USD against the nation’s plan to obtain some 60.07 million USD. Only 70 percent of the plan has been achieved.