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2014-12-15 16:00:00
Delay in disbursement of TUF subsidy choking the mill sector
The Textile ndustry seeks immediate government intervention as the inordinate delay in disbursement of TUF subsidy is impacting the working capital requirements of the respective units. Technology
2014-12-11 17:57:00
Unstoppable drop in polyester chain pricing led by crude oil
The free fall in crude oil prices continued in the week of 5 December with both benchmarks hitting their recent lows. US crude oil closed at its lowest since July 2009 while Brent fell below US$70 a
2014-12-11 11:00:00
RIL JV with Ruyi Chinese firm to move its textile business on high growth path
Reliance Industries Ltd (RIL) entered into the textile business in a small way in 1970s, and since then grown to be a Fortune Global 500 company through backward vertical integration. Reliance on
2014-12-10 12:00:00
Ease in cotton export norms to have no immediate impact on demand
The Centre government of India has done away with the registration requirement for exports of cotton and its yarn, the exporters now need not register with the Director-General of Foreign Trade
2014-12-10 11:00:00
PH textile manufacturers to see upward spike in sales in Q4
Local Philippine textile manufacturers are eagerly looking forward to up to 30-percent year-on-year upward spike in sales in the fourth quarter as a result of deteriorating relations between Manila
2014-12-09 10:00:00
Government strives to resuscitate ailing textile units including NTC
The Textile Ministry is working toward resuscitating sick mills including the National Textile Corporation (NTC). The government wants to bring to profit a total of eleven mills of NTC in next three
2014-12-08 11:00:00
Govt being urged to reconsider its decision on completely phase-out jute packaging
At present the labour-intensive jute industry has a total installed capacity of around 29,00 sacking looms, which produce around 20.5 lakh tonnes of jute sacks. The Government’s reported move
2014-12-08 10:00:00
GSP Plus gateway can bring many positive changes in Pakistan textile industry
Pakistan has witnessed an increase of 20-25 percent in enquires and order from European countries in the last 11 months, said Multinational Export Bureau CEO Babar Khan who runs two textile factories
2014-12-06 18:00:00
Government working toward improving status of Varanasi weavers
The quintessential Banarasi saree is set for a makeover to fall in line with the changing fashion choices of today’s youth consumer. The opulent Banarasi brocade, which boasts of intricate
2014-12-06 09:00:00
Indian textile firms Q2 net profit affected over erratic costs and demand cycle
India is the second largest producer of textiles and garments in the world. The Indian textiles and apparel industry is expected to grow to a size of US$ 223 billion by 2021. But during the Q2 of
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