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2014-01-22 17:00:00
SarlaFlex Inc. secured $13 Million in NMTC Financing to expand yarn and thread facility
Sarla Performance Fibers, based in Mumbai, India, under the name SarlaFlex Inc. to redevelop a manufacturing facility in rural South Carolina into the company's first U.S. based yarn and thread plant
2014-01-22 15:55:00
UK textile exporters upset over economic flux
The African market is absolutely important; with large UK textile-sorting merchants send around 65% of their material there. The devaluation of African currencies against the pound is causing a
2014-01-22 00:00:00
Wool market would change for the better
Wool market likely to improve at least by 5 percent in the eastern market indicator for the 2013-14 period as per the National Australia Bank projection. The National Australia bank's latest
2014-01-21 10:00:00
Government aiming to achieve textile export target of $60 billion in 2014-15
The government is setting up exports target at $60 billion for the next financial year (2014-15), a jump of over 30% from the current financial year after having seen the potential and encouraged by
2014-01-20 15:15:00
Cotton ginned and baled applicable for service tax
Cotton will be soon applicable for 12.36% service tax on transport and storage, resulting in price rise. Prices of cotton that's ginned and baled likely to rise as their transport and storage have
2014-01-19 15:20:00
Textile Ministry urges government to increase the duty drawback rate
The Indian textile industry will have a major impact due to the decision of the European Union to give zero duty status to Pakistan. In order to overcome this situation, a proposal has been put
2014-01-18 11:15:00
Tax at source for apparel and textile sector reduced to 0.30pc by Bangladesh govt
The Bangladesh government has reduced tax at source for the apparel and textile sector to 0.30 per cent from the existing 0.80 per cent. The directive came following the apparel makers demand to
2014-01-17 16:55:00
Union Textile Minister launches North East Region Textile Promotion Scheme
The North East Region Textile Promotion Scheme (NERTPS) was launched by Union Textiles Minister Dr K S Rao at New Delhi yesterday during a meeting of senior representatives from all the North Eastern
2014-01-17 15:20:00
Wool prices expected to strengthen
The wool recorded six consecutive weekly gains from early November until the Christmas recess.“ In the first week of wool auctions this year, the Eastern Market Indicatore (EMI) has held its
2014-01-16 17:30:00
H&M eyes Sub-Saharan Africa as next potential market for textile production
H&M, Swedish fashion giant plans to explore Sub-Saharan Africa and other areas in the region for the textile industry. According to Chief executive Karl-Johan Persson, H&M sees huge potential for
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