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Sunday, 11 February 2018

Myanmar Gar-Tex 2018 expo

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The second largestcountryin South East Asia, Myanmar, is set to host the Myanmar Gar-Tex 2018 expo, the second international exhibition and conference ontextileand garment industry for Myanmar, from March 28 to 30, 2018 at Rose Garden hotel in Yangon, Myanmar. The show will provide new business ..

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Thursday, 8 February 2018

MSMEs to lead Indian economy's consolidation phase: Jaitley

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Indian finance minister Arun Jaitley has termed the micro, small and medium enterprises (MSME) sector the economy’s backbone that would lead the current phase of consolidation after a series of major structural reforms. The sector’s health is vital, he said after launching CriSidEx, ..

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Thursday, 8 February 2018

Commonwealth fashion exchange event at Buckingham Palace

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Duchess of Cambridge Catherine and Countess of Wessex Sophie will team up on behalf of the queen of the United Kingdom to host a Commonwealth Fashion Exchange Reception at Buckingham Palace this month as part of the lead-up to the Commonwealth Heads of Government Meeting. The reception will be h..

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Thursday, 8 February 2018

Xi stresses on developing modern economy in China

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Communist Party of China (CPC) central committee general secretary Xi Jinping has called for making development of a modern economy a key topic in theory and practice, a strategic development goal and an imperative for economic structure shift to push development to a new level. He told this to ..

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Thursday, 8 February 2018

Global machinery manufacturers to exhibit at GTTES 2019

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Courtesy: India ITME Society Textilemachinerymanufacturers from various parts of the world will participate in the Global Textile Technology & Engineering Show (GTTES) beginning February 3, 2019. Thetradeshow in India will offer sourcing solution to the increasing market demand by focusi..

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Thursday, 8 February 2018

RBI keeps repo rate unchanged at 6%

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RBI governor Urjit Patel addressing a press conference post release of sixth bi-monthly statement. Courtesy: Youtube/RBI In its sixth bi-monthly Monetary Policy Statement for 2017-18, the Reserve Bank of India (RBI) has kept the policy repo rate under the liquidity adjustment facility (LAF) ..

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Wednesday, 7 February 2018

Aquafil & Genomatica join forces for sustainable CPL

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Courtesy: Genomatica Aquafil, a leading player in the production of polyamide 6 (nylon6), and Genomatica, a developer of biobased process technologies, have entered into a multiyear agreement to create sustainable caprolactam (CPL), a key ingredient to producing 100 per cent sustainable nylo..

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Wednesday, 7 February 2018

Aquafil & Genomatica join forces for sustainable CPL

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Courtesy: Genomatica Aquafil, a leading player in the production of polyamide 6 (nylon6), and Genomatica, a developer of biobased process technologies, have entered into a multiyear agreement to create sustainable caprolactam (CPL), a key ingredient to producing 100 per cent sustainable nylo..

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Wednesday, 7 February 2018

Japan's clothing imports up 3.7% in 2017

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Japan's imports of clothing and accessories increased by 3.7 per cent year-on-year to … billion yen ($... billion) in the calendar year 2017. Of this, 92.93 per cent or … billion yen ($.... billion) worth Source http://www.fibre2fashion.com/news/apparel-news/japan-s-cl..

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Wednesday, 7 February 2018

India not to impose anti-dumping duty on PSF imports

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The Directorate General of Anti-dumping and Allied Duties (DGAD), under the commerce ministry, Government of India, has concluded that imposition of anti-dumping is not warranted on imports of polyesterstaplefibre (PSF) from China, Indonesia, Malaysia and Thailand. The period of investigation (P..

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Tuesday, 6 February 2018

Vietnam's cotton imports soar in January 2018

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Cotton imports by Southeast Asian nation of Vietnam have surged by around 50 per cent in January 2018, compared to the same month of the previous year, according to data from thecountry’s ministry of industry andtrade. The US, followed by India, Australia, Brazil and Ivory Coast were the m..

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Tuesday, 6 February 2018

Mozambique plans to reopen Textafrica textile factory

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Mozambique is exploring ways to reopen Textafrica do Chimoio, atextilefirm closed 25 years ago rendering more than 3,000 jobless, prime minister Carlos Agostinho do Rosário recently announced while visiting the Manica province. He visited the factory with Institute for State Participation..

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Tuesday, 6 February 2018

Arvind Q3 revenue up 16% at Rs 2,706 crore

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Courtesy: Arvind The third quarter revenue of Arvind Ltd, one of the largest integratedtextileand branded apparel players, for 2017 was recorded at Rs 2,706 crore, up 16 per cent over the corresponding quarter of the previous year due to strong performance in both textile and brands business..

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Tuesday, 6 February 2018

Indian textile industry hails budget with some scepticism

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associations in India have welcomed the raised allocation for the sector in this year’s budget, saying it will help firms in many ways, including clearing pending rebate of state levies (RoSL) dues. The drop in corporate tax rate for units with an annual turnover of up to Rs 250 crore will..

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Tuesday, 6 February 2018

Budget: TEA hails Rs 7148cr allocation for textile sector

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Tiruppur Exporters’ Association (TEA) has welcomed the allocation of Rs 7,148 crore fortextilesector in Union Budget 2018-19, presented by finance minister Arun Jaitley today. Out of total allocation, Rs 2,300 crore has been earmarked for Amended Technology Upgradation Fund Scheme (ATUFS) ..

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Tuesday, 6 February 2018

Reduction in tax for MSMEs to benefit TN textile firms

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The reduction of corporate tax to 25 per cent for companies with turnover upto Rs 250 crore will benefittextileand garment firms in Tamil Nadu, according to the Coimbatore based Indian Texpreneurs Federation (ITF). The textile body also welcomed the increase in budgetary support to the textile s..

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Tuesday, 6 February 2018

E-commerce platform for artisans in India's Kashmir

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The government in India’s Jammu and Kashmir state is introducing an e-commerce platform for artisans and weavers to boost export of handicrafts and handloom products and to reduce the role of middlemen in transactions that often leads to exploitation, state industries and commerce minister..

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Tuesday, 6 February 2018

12 investors commit $38 mn to VSIP in Vietnam's Nghe An

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Twelve investors have committed $38 million to the Vietnam-Singapore Industrial Park (VSIP) near Nghe An province’s capital Vinh City since its construction began in 2016. Seven investors have received land and work on their projects is expected to begin soon. Another two plants will start..

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Tuesday, 6 February 2018

Nitin Spinners to set up new textile unit in Chittorgarh

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Courtesy: Nitin Spinners Nitin Spinners, the Bhilwara, Rajasthan based company that manufactures 100 per centcottonyarns and cotton fabrics, will be setting up an integratedtextileunit in Chittorgarh district of Rajasthan at a cost of Rs 650 crore. Nitin Spinners’ turnover increased 15..

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Tuesday, 6 February 2018

German-Dutch partnership focuses on sustainable textiles

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Pierre Hupperts and Juergen Janssen sign the cooperation The German Partnership for Sustainable Textiles and the Dutch Agreement on Sustainable Garments andTextilehave signed a cooperation agreement to support companies in implementing due diligence by harmonisingsustainabilityrequirements. ..

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Tuesday, 6 February 2018

Maharashtra's Solapur set to turn uniform manufacturing hub

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India’s Maharashtra state will set up a garment park and atextiletraining centre with an investment of Rs 500 crore in Solapur, state textile minister Subhash Deshmukh said recently while inaugurating the second International Uniform and Garment Exhibition in the city, which is set to beco..

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Tuesday, 6 February 2018

India 5th most attractive market for investments: PwC

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India is the fifth most attractive market for investments and the optimism over global economic growth over the next 12 months among chief executives worldwide is at a record level, according to a survey of CEOs by global consultancy firm PricewaterhouseCoopers (PwC). The United States tops the ..

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Tuesday, 6 February 2018

Dyeing machines boost Karl Mayer's denim business

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Germany’s leading developer of perfect solutions for warp knitting, technical textiles, and warp preparation for weaving, has announced that Karl Mayer Rotal, its Italian subsidiary, has seen a boost in its denim business with its PRODYE-S and PRODYE-R indigo dyeingmachines. Karl Mayer Rot..

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Tuesday, 6 February 2018

Texlynx CEO hosts technical sessions for linen procurement

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Courtesy: Texlynx The chief executive officer (CEO) of Texlynx, one of the leading sourcing companies of the world, Imran Lateef is sharing insights with the corporations for acquiring linen, helping them overcome the challenge of importing from the international market. The ongoing technica..

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Tuesday, 6 February 2018

Work under way for largest Indonesian integrated rayon unit

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Courtesy: Asia Pacific Rayon Indonesia’s industry minister Ir. Airlangga Hartarto recently visited Riau province to review the progress of Asia Pacific Rayon’s (APR) new factory that will become thecountry’s largest integrated rayon facility. With an annual production capac..

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Tuesday, 6 February 2018

Silk sector in India's north-east high priority: minister

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Indian minister of state for textiles Ajay Tamta recently said developing the silk sector as a viable option for livelihood in north-eastern states is a high priority for his ministry. He was addressing the three-day 8th International Conference on Wild Silk in Guwahati organised by the Internat..

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Tuesday, 6 February 2018

Pakistan to provide cheap gas to textile industry

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Gas prices would be decreased further for thetextileindustry to reduce the cost of production to the maximum extent possible, Pakistani state minister for finance Rana Muhammad Afzal Khan recently told a meeting of the All Pakistan Textile Processing Mills Association (APTPMA) in Faisalabad. Ele..

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Saturday, 27 January 2018

Innovative tech, recycling dominate FashionSustain

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Courtesy: Fashion Week Berlin Innovative technologies, sustainable materials and processes, recycling and suitable industrial applications dominated the conference on responsible innovations in fashion and textiles, FashionSustain, held in Berlin. Organised within the framework of the Berlin..

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Saturday, 27 January 2018

Supreme Corporation shows smart yarns at Wearable Expo

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Courtesy: Supreme Corporation Supreme Corporation, a leader in high-tech and innovative textiles, fibre, and safety apparel, and manufacturer of innovative specialty yarns, showed its VOLT Smart Yarns at the recently held 4th Wearable Expo, atradefair for wearable devices and technologies, a..

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Saturday, 27 January 2018

Martinez steps down from Abercrombie & Fitch's board

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Courtesy: Abercrombie & Fitch Arthur C Martinez has decided to step down as executive chairman of board of directors of Abercrombie & Fitch at the end of this fiscal year. This is in line with his plans to retire as a director and not stand for re-election at the company's 2018 a..

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Saturday, 27 January 2018

Cone Denim & Thread unveil sustainable denim fabric

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Cone Denim, a leading supplier of denim fabrics to top denim apparel brands, has partnered with Thread International to expand its S GENE collection with socially sustainable denim fabrics made with post-consumer recycled content. Thread is on a mission to end poverty by utilising waste as a res..

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Saturday, 27 January 2018

Outdoor Retailer + Snow Show focuses on sustainability

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Courtesy: Outdoor Retailer The outdoor sports industry is showcasing a wide range of sustainable products at the ongoing 2018 Outdoor Retailer + Snow Show. It is an opportunity for the leading industry brands, retailers, reps and suppliers to know about various sustainable garments, footwear..

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Thursday, 25 January 2018

Cotton prices in India likely to fall in 2017-18: Crisil

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Cottonprices in India are likely to decline to Rs 105-110 per kg in cotton season (CS) 2017-18, from Rs 117 per kg in last season, due to an expected 11 per cent rise in cotton production to 375 lakh bales, according to areportby Crisil Research. The acreage has also increased as farmers have sw..

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Thursday, 25 January 2018

PM reviews progress of EU GSP+ status for Pakistan

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Pakistani commerce andtextileminister Pervaiz Malik recently conveyed Prime Minister Shahid Khaqan Abbasi about a possible positive outcome of the review and rollover of Generalised System of Preferences Plus (GSP+) scheme for three more years. Abbasi was chairing a meeting to review the efforts..

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Thursday, 25 January 2018

India to be fastest-growing economy in 2018, 2019: IMF

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Staying bullish on India’s growth potential in its World Economic Outlook Update, the International Monetary Fund (IMF) has retained its gross domestic product (GDP) forecast for thecountryat 6.7 per cent in 2017 and 7.4 per cent in 2018. The growth will be 7.8 per cent in 2019, which woul..

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Thursday, 25 January 2018

ASEAN urged to leverage India's strengths in textiles

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Indian minister for textiels Smriti Irani addressing at the Fabric Show of India-ASEAN Weaving Textiles Relations. Courtesy: PIB Partnership between India and the members of the Association of Southeast Asian Nations (ASEAN) is crucial for improving the standard oftextilemanufacturing and ge..

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Thursday, 25 January 2018

India's Grasim gets environmental clearance for expansion

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Courtesy: Grasim India’s Grasim Industries has received environmental clearance for increasing production of manmadeviscosestaplefibre (VSF) from 1,27,750 tonnes per annum (TPA) to 2,55,500 TPA and other expansion plans at its plant in Vilayat in Gujarat’s Bharuch district with a..

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Thursday, 25 January 2018

J Korin to display yarns at Colombiatex 2018

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Nylon mono filament yarn; Courtesy: J Korin J Korin, a Surat based group that has presence across the textile value chain from fibre manufacturing to finished fabrics, is going to display various kinds of yarn at Colombiatex of the Americas. J Korin products would be showcase at stand no # A..

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Thursday, 25 January 2018

Bt cotton seeds effective, MMBL writes to Indian minister

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US firm Monsanto’s Indian joint venture Mahyco Monsanto Biotech (MMBL) has termed the threat by industry body National Seed Association of India (NSAI) to stop the sale of its transgenic Btcottonseeds as ‘irresponsible’ and has asserted in a letter to Agriculture Minister Radha..

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Thursday, 25 January 2018

SIMA makes pre-budget recommendations to Indian govt

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Exemption of 5 per cent goods and services tax (GST) on rawcotton, reduction of 18 per cent GST on manmade fibres (MMF) and recycled polyesterstaplefibre to 12 per cent and 5 per cent respectively, and levying GST on petroleum products are some of the key pre-budget suggestions offered by the So..

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Thursday, 25 January 2018

India's silk board chief stresses need to boost production

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Silkproduction in India needs to be increased as inadequate production is leading to silk imports from China, Japan and Korea, Central Silk Board (CSB) chairman KM Hanumantharayappa said recently while inaugurating a sericulture fair in West Bengal. The fair in Behrampore attracted silk farmers ..

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Thursday, 25 January 2018

GST rate on velvet fabric reduced to 5%

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Union Minister for finance Arun Jaitley chairing the 25th GST Council meeting, flanked by minister of state for finance Shiv Pratap Shukla (right) and finance secretary Dr Hasmukh Adhia. Courtesy: PIB The 25thGoods and Services Tax (GST) Council meeting, held under the chairmanship of financ..

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Thursday, 25 January 2018

Gujarat's GCCI explores textiles alliance with Bangladesh

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Representatives of the Gujarat Chamber of Commerce and Industry (GCCI) recently met Bangladesh deputy high commissioner to India Mohammad Lutfor Rahman to explore a business collaboration in thetextilesector with thecountry. GCCI is organizing a global textile summit in Ahmedabad in March and ha..

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Thursday, 25 January 2018

Colorjet to showcase digital printer TXF at GTE 2018

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Courtesy: Colorjet India Colorjet India Ltd is showcasing its tech loaded digitaltextileprinter, the TXF at Garment Technology Expo (GTE), New Delhi in hall E, stall no. 6. Colorjet has manufactured this digital textile printer incorporating the latest Japanese technology, which imparts the ..

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Thursday, 25 January 2018

Committee to look into concerns of apparel sector: Tamta

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Minister of state for textiles Ajay Tamta and AEPC chairman HKL Magu (left) lighting the lamp at the inaugural of IIGF; Courtesy: AEPC The Indian government has formed a committed to look into the issues raised by the apparel industry, which is going through a challenging phase, minister of ..

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Thursday, 25 January 2018

Birla Cellulose widens global outreach; opens studio in NY

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Birla Cellulose's design studio in New York City; Courtesy: Birla Cellulose To provide instant service of sampling, and to drive co-creation programmes with global brands in the US, Aditya Birla Group’s Birla Cellulose has launched its premier international design studio inNew York..

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Thursday, 25 January 2018

Odisha urges Indian PM to set up naptha cracker unit

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Odisha chief minister Naveen Patnaik recently wrote to Indian Prime Minister Narendra Modi urging him to ask Indian Oil Corporation Limited (IOCL) to set up an integrated naptha cracker unit under the Petroleum,Chemicalsand Petrochemicals Investment Region (PCPIR), Paradip, to maximise productio..

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Thursday, 25 January 2018

India's WPI inflation for textiles down 0.4% in Dec '17

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India’s annual rate of inflation, based on monthly wholesale price index (WPI), stood at 3.58 per cent for the month of December 2017 over same month of last year. The index for ‘Manufacturing of Textiles’ group declined by 0.4 per cent to 113.0. The index for ‘Manufactur..

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Thursday, 25 January 2018

India's textile & apparel exports turnaround in Nov '17

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After a brief period of decline intextileand apparel exports, including handicraft exports, every month beginning May, June, July and October 2017, there is a turnaround in India’s textile and apparel exports, in November 2017. There has been a spurt in export of handloom products, readyma..

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Thursday, 25 January 2018

Invista's P8 technology successfully deployed in China

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A night view of Jiaxing Petrochemical 's second PTA line. Courtesy: Invista Invista Performance Technologies (IPT) and JiaxingPetrochemicalCo., Ltd, a subsidiary of Tongkun Group Co., Ltd, have announced the successful start-up of Jiaxing Petrochemical’s second PTA Line, utilising ..

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Friday, 12 January 2018

PCGA rejects proposed withdrawal of cotton import duties

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The Pakistan Cotton Ginners Association (PCGA) has opposed the recommendation of the Economic Coordination Committee (ECC) to withdraw 4 per cent customs duty and 5 per cent sales tax on the import of cotton from India and other countries, especially when thecountryhad already suffered a loss of..

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Friday, 12 January 2018

Saudi Aramco to set up textile factory in Hail

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Saudi Aramco recently signed a memorandum of understanding with Nesma Holding Company, al-Aliaa Foundation of Infrastructure Development, and Hail Charity to set up atextilefactory in Hail city in north-western Saudi Arabia. The factory will train workers in sewing and embroidery, production lin..

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Friday, 12 January 2018

Retail imports at US container ports up by 7% in 2017: NRF

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Imports at major US retail container ports increased by 7 per cent during 2017 over 2016 as retail sales continued to rise and the industry ended the year with a strong holiday season, according to the monthly Global Port Trackerreportreleased recently by the National Retail Federation and Hacke..

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Friday, 12 January 2018

Amazon India offers LoomWorld collection from Tamil Nadu

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Courtesy: Loom World A specials store on Amazon India website will now offer exquisite collections from LoomWorld, a renowned brand offering handwoven products from Tamil Nadu. LoomWorld was created under the state department of handlooms and textiles to promote products produced by 800 weav..

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Friday, 12 January 2018

S Korea-GCCI pact for ties in textile, chemicals, auto parts

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The Gujarat Chamber of Commerce and Industry (GCCI) recently signed a memorandum of understanding with an official delegation from South Korea led by thecountry's consul general in Mumbai Kim Soungeun for cooperation between small and medium enterprises (SMEs) in Gujarat and Korean firms, wi..

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Thursday, 11 January 2018

Kemin taking over textile auxiliary business of Garmon

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Courtesy: Garmon Chemical Kemin Industries, a global ingredient company, is taking over thetextileauxiliary business of GarmonChemicalsand its sister company, the Italian Job. The companies will be gradually integrated. The acquisition will increase the Garmon research and development scope,..

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Thursday, 11 January 2018

Indian govt okays 100% FDI under automatic route for SBRT

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To liberalise and simplify the foreign direct investment (FDI) policy, the Union Cabinet chaired by Prime Minister Narendra Modi has given its approval to a number of amendments. Government approval will no longer be required for FDI in Single Brand Retail Trading (SBRT). This will, in effect, a..

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Thursday, 11 January 2018

Sutlej Textiles to set up green fibre project in J&K

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Sutlej Textiles and Industries, an India based integratedtextilemanufacturing company, will be setting up a green fibre project at Samba in Jammu and Kashmir. The new plant will manufacture polyesterstaplefibre (PSF) by recycling PET bottles. Meanwhile, Sutlej has deferred brownfield capacity ex..

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Wednesday, 10 January 2018

Heimtextil hosts 2,975 companies presenting innovations

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Courtesy: Messe Frankfurt Heimtextil, the biggest internationaltradefair for home and contract textiles, is hosting 2,975 companies from various parts of the world, showcasing design innovations. Focusing on thetextileinterior design, the ongoing trade fair is presenting a large selection of..

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Wednesday, 10 January 2018

Indian fashion brand HRX targets Rs 500-cr turnover by 2020

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Courtesy: HRX Indian fashion brand HRX, co-owned by Exceed Entertainment and Bollywood star Hrithik Roshan, is targeting a Rs 500-crore turnover by 2020 from its apparels and footwear section as the company expands its product categories to more active wear, personal care, sunglasses and bac..

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Wednesday, 10 January 2018

Global economy recorded 3% growth in 2017: World Bank

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In a broad-based upturn, global economy grew at 3 per cent in 2017, its strongest rate since 2011, according to the World Bank. Global economic growth is predicted to edge up to 3.1 per cent in 2018, owing to a continued recovery in emerging market and developing economies (EMDEs) more than offs..

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Wednesday, 10 January 2018

Welspun sets up US subsidiary to invest in e-com firms

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Welspun India Ltd., a leading home textiles company with presence in fifty countries across the world with a distribution network in over 32 countries including the US, Canada, the UK and Australia, has incorporated a wholly owned subsidiary in the US. The new company Welspun Nexgen Inc would in..

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Tuesday, 9 January 2018

Jeanologia saves one year of water for humans in 2017

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Jeanologia, a leader in sustainable technology from Spain, has contributed to a saving of around 8 million cubic metres of water in 2017 with their technology, equivalent to the quantity of water needed for human consumption in a year in Miami. This has been possible with the laser, ozone and ef..

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Tuesday, 9 January 2018

Italy releases strategic paper on circular economy

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Italy’s ministries of environment and economic development recently published a strategic paper on the promotion of a circular economy, outlining government support for efficient use of resources and sustainable consumption practices. The document, ‘Towards a Circular Economy Model i..

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Tuesday, 9 January 2018

Goode Partners supporting Marolina Outdoor

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Goode Partners, New York-based private equity firm, is supporting Marolina Outdoor, a maker of performance apparel for fishing and hunting enthusiasts. Goode Partners has completed a growth equity investment in the Charleston, South Carolina based designer and marketer of the Huk and Nomad brand..

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Monday, 8 January 2018

Minimum wage rises in 18 US states from Jan 1

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Around 4.5 million minimum wage workers in 18 US states received a pay hike beginning January 1 this year, estimates the Economic Policy Institute, a think tank tracking minimum wage legislation. Many of the hikes were a result of ballot initiatives approved by voters or bills passed by state le..

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Monday, 8 January 2018

Myanmar's national panel approves K4800 minimum daily wage

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Myanmar’s National Committee for Minimum Wage has decided to set the basic daily salary of workers at 4800 kyat (K). State and regional committees will receive suggestions or objections to the proposed rate, study those in consultation with workers and employers, and take a final call on t..

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Monday, 8 January 2018

No sales tax, customs duty on cotton imports in Pakistan

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The Pakistani Government last week withdrew sales tax and customs duty on cotton imports with effect from January 8 to meet the shortfall of silver fibre, a key input in thecountry’stextileindustry. The Economic Coordination Committee (ECC) of the cabinet approved a proposal regarding the ..

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Saturday, 6 January 2018

AAFA urges Congressional approval of Outdoor Act

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The American Apparel & Footwear Association (AAFA) recently sent a letter to the Senate sponsors of the Outdoor Act urging its swift enactment to lower duties on outdoor apparel and support research programs for the industry. The legislation will help lower business costs for US companies th..

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Saturday, 6 January 2018

UK explores options to join TPP to boost trade after Brexit

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The United Kingdom is exploring options to become a member of the Trans-Pacific Partnership (TPP) to boost exports after it leaves the European Union (EU) in March 2019 and has held informal discussions with thetradegroup, say British media reports. The UK department for international trade is s..

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Saturday, 6 January 2018

Kenya in talks with China, Brazil, Turkey for textile hubs

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Talks are under way betweentextilefirms from China, Turkey and Brazil and the Kenyan Government to roll out investments to set up value addition hubs in the latter’scottonindustry, according to the Kenyan agriculture ministry. Members of the Kenya Chinese Chamber of Commerce are, for insta..

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Saturday, 6 January 2018

India extends mandatory jute packaging norm for food grains

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The Indian Cabinet Committee on Economic Affairs (CCEA) recently extended regulations for mandatory packaging of food grains and sugar in jute material for jute year 2017-18, i.e, July 1, 2017, to June 30, 2018. The decision followed demands from the jute industry regarding the same and will sup..

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Saturday, 6 January 2018

Indian leather & footwear sector employs over 3 lakh

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The Indian leather and footwear industry has employed a total of 3,45,676 youth under the Human Resource Development (HRD) sub-scheme of the Indian Leather Development Programme (ILDP), along with the inflow of FDI worth $53.64 million, the minister of state for commerce and industry CR Chaudhar..

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Saturday, 6 January 2018

India's cotton export likely to be 67 lakh bales in 2017-18

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Rise in output is expected to raise India’scottonexport by 15 per cent to 67 lakh bales (of 170 kg each) in the 2017-18 marketing year, beginning October over the previous year’s figure of 58.21 lakh bales, according to the Cotton Advisory Board. Average prices have decreased by 2-4...

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Thursday, 4 January 2018

RIL starts world's largest ROGC; doubles ethylene capacity

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The Jamnagar plant of Reliance Industries Limited (RIL) has become home to the world’s largest operating refinery off-gas cracker (ROGC). With this, RIL has joined the distinguished league of top 5petrochemicalproducers globally. This has also doubled RIL’sethyleneproduction capacity..

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Thursday, 4 January 2018

Coir mattress producers want reduced GST rate

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The All India Coir Mattress Manufacturers Association (AICMMA) has urged the Coir Board to suggest to the central government to reduce the goods and services tax (GST) rate on rubberised coir mattress, the largest selling coir product in thecountry, from 18 to 5 per cent to stimulate sales and t..

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Tuesday, 2 January 2018

Samsung Engineering bags EO/EG contract from JUPC

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Samsung Engineering president & CEO Sungan Choi and Jubail United president Abdullah Al Shamrani at the contract signing ceremony. Courtesy: Samsung Engineering South Korean firm Samsung Engineering has received a contract from Jubail UnitedPetrochemicalCompany (United), an affiliate of ..

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Tuesday, 2 January 2018

UK retail performance likely to drop in Q4 2017: Report

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UK retailers are likely to witness a decline in their business in Q4 2017, bucking the four-yeartrendof retail health not downturning between the third and fourth quarters, says areport. However, Q3 2017 brought some respite with improving demand in summer contributing to a better performance fo..

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Tuesday, 2 January 2018

Egypt's home textiles exports up 4.8% in Jan-Nov '17

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Exports of home textiles from Egypt increased 4.8 per cent year-on-year in January-November 2017. Exports during the eleven-month period were valued at $664 million, as against $443 million registered in the same period last year, according to the Egyptian Home Textiles Export Council (HTEC), un..

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Monday, 1 January 2018

Inviya completes 2nd phase expansion; begins production

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Inviya plant in Baddi, Himachal Pradesh. Courtesy: Inviya Inviya – The New Freedom Fibre, which is the only brand ofspandexbeing produced in India and subcontinent, has commenced commercial production after completing second phase of capacity expansion at its plant in Baddi, Himach..

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Monday, 1 January 2018

NECC to reach 500 locations in India in 3-4 years

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North Eastern Carrying Corporation (NECC) is on an expansion drive with an aim to reach 500 locations across India in the next three to four years. The logistic firm with a strong base in the east and north east part of thecountryis now planning to spread its roots wider across the region, addin..

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Monday, 1 January 2018

Woolmark, Shoppers Stop celebrate merino wool in fashion

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Courtesy: Woolmark The Woolmark Company in collaboration with Mumbai-based Shoppers Stop Limited focused on Australian merinowoolat WoolFest 2017. As part of the Grown in Australia, Made in India campaign that highlights the farm to fashion journey of wool, WoolFest encouraged the use and in..

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Saturday, 30 December 2017

Safety, compliance, welfare ruled Bangla garments sector

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Decisions to amend relevant laws, restart 13 closed mills, cover garment manufacturing-exporting units under the labour ministry’s welfare fund, adopt standard operating procedures of the International Labour Organisation (ILO), map all garment factories and act on workplace safety and com..

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Saturday, 30 December 2017

30% duty on imported cotton fabric in Zimbawe from Jan 1

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Zimbawe will impose 30 per cent customs duty on importedcottonfabric beginning January 1 as part of tax measures aimed at protecting local industries. This was recently announced by finance minister Patrick Chinamasa. Thetextilesector continues to face competition from cheap imported fabrics des..

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Saturday, 30 December 2017

SoftBank executive Lydia Jett joins Flipkart board

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San Francisco-based SoftBank executive Lydia Jett, who stepped down as a director at Snapdeal in October, has joined Flipkart’s board, months after merger talks between the two fell through. Jett, who had joined Snapdeal’s board in March, is a consumer Internet and ecommerce investor..

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Saturday, 30 December 2017

Indian textile ministry wants more funds for powerlooms

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The Indian textiles ministry, which had allocated a sum of Rs 126.76 crore for the Power Tex India scheme for 2017-18, is planning to seek an additional Rs 33.27 crore in the form of supplementary demand for grants, textiles minister Smriti Irani recently informed the upper house of parliament. ..

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Thursday, 28 December 2017

Pleas on yarn, wool part of ASSOCHAM's suggestions to govt

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The Associated Chambers of Commerce and Industry of India (ASSOCHAM) recently urged the government to provide interest equalisation of 3 per cent for yarn exports in the next budget to ensure that domestic products can compete in global markets. The suggestion was part of its pre-budget recommen..

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Thursday, 28 December 2017

Indo Count bags gold for highest cotton made-up exports

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Courtesy: Indo Count Industries Limited Indo Count Industries Limited, one of the leading manufacturers and exporters of home textiles in India, has bagged gold trophy for the highest exports ofcottonmade-ups for 2016-17. Having won bronze and silver trophy in the past, this is for the first..

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Thursday, 28 December 2017

India's bivoltine silk output to grow 19% in 2017-18: Govt

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Courtesy: PIB India’s production of import substitute bivoltinesilkis expected to reach around 6,200 MT in 2017-18as compared to 5,266 MT in 2016-17, registering an increase of 19 per cent, the ministry of textiles has said.Bivoltine (raw) silk production has grown by 105 per cent in t..

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Wednesday, 27 December 2017

ITMACH India presents innovation in textile technology

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Courtesy: K AND D ITMACH Expositions LLP InternationalTextileMachinery& Accessories Exhibition (ITMACH) India, the largest textile exhibition in thecountry, showcased excellence and innovation in textile technology. Over 350 exhibitors from Germany, Switzerland, Italy, Belgium, Turkey, C..

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Wednesday, 27 December 2017

Indian textiles ministry: Significant achievements in 2017

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Courtesy: PIB The first ever mega internationaltradeevent for thetextilesector ‘Textiles India 2017’, launch of PowerTex India to support 44 lakh workers/weavers, unlocking potential of Northeastern region in textiles and Cabinet’s approval of Scheme for Capacity Building i..

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Wednesday, 27 December 2017

India may see 7% economic growth in 2018: ASSOCHAM

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After ”disruptions" like lingering demonetisation effect and goods and services tax (GST) roll-out, the Indian economy may reach a 7 per cent growth in 2018 with government policies tilting towards the stress-ridden rural landscape in 2018, the Associated Chambers of Indian Industry (..

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Wednesday, 27 December 2017

India allows manual filing of tax refund claims by traders

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To accelerate pending refunds of those who are facing problems of blocked working capital under the goods and services tax (GST), India’s Central Board of Excise and Customs (CBEC) has now allowed exporters and traders to manually file applications and forms related to refund claims on acc..

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Wednesday, 27 December 2017

Want to see RIL among world's top 20 companies: Ambani

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Courtesy: Reliance Industries Limited Articulating his five-point dream at the 40thReliance Family Day, Reliance Industries Limited (RIL) chairman and managing director Mukesh Ambani has said that he would like to see RIL among the top 20 companies of the world. The Reliance Family Day event..

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Saturday, 23 December 2017

IMF foresees 1.5% GDP growth for UK in 2018

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The International Monetary Fund has projected a gross domestic product growth (GDP) of 1.6 per cent for the United Kingdom this year, down from 1.8 per cent last year and 2.3 per cent in 2015, despite a stronger global environment. It expects growth to slow next year to 1.5 per cent as uncertain..

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Saturday, 23 December 2017

E-commerce firms in India to follow new norms from Jan 1

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The Indian Government has made it mandatory for all e-commerce entities operating in thecountryto display the exact maximum retail price (MRP) of their packaged products both on the online platform and on the products beginning January 1. They will also need to mention the name of the country wh..

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Friday, 22 December 2017

Pakistani apparel units seek tax-free yarn import

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The Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) has urged the government to relax duties on yarn import to encourage value addition, reduce cost of doing business and bridge the gap between production and consumption. The request comes as the government is prep..

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Friday, 22 December 2017

NITI Aayog mulls plan to save Indian jobs from automation

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India should set up a labour utilization fund to make workforce better skilled and cost-competitive and encourage businesses to hire more when low-skill labour is losing relevance due to artificial intelligence and automation, Indian Government think tank NITI Aayog has proposed. It sees a need ..

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Friday, 22 December 2017

MMF production grew by 5% annually in 10 yrs: CIRFS

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Man-made fibres (MMF) production grew by around 5 per cent annually in the last ten years while those ofcottonand wool fell by 1.6 per cent and 1.2 per cent respectively, says the 53rd edition of ‘Information on Man-made Fibres’ published by the European Man-made Fibres Association (..

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Friday, 22 December 2017

Fashion students take pledge to save environment

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Zenitex CEO Viral Desai with ADF students; Courtesy: Zenitex Fashion designing andtextilestudents from Academy of Design Forecasting (ADF), Surat took a pledge to ‘conserve and save energy’ and to ‘protect the environment’ during their industrial visit to Zenitex on t..

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Thursday, 21 December 2017

Kurlon Enterprise targets 1 million retail footprint

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Kurlon Enterprise, India’s leading mattress, sofa, furniture and furnishing products company, intends to target one million retail footprint in India for FY 2018-19. The brand stores are targeted at providing consumers an experience of the range of home comfort products. The company aims t..

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Thursday, 21 December 2017

New scheme for capacity building in Indian textiles sector

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India’s Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi has given its nod for a new skill development scheme covering the entire value chain of thetextilesector excluding spinning and weaving in organised sector. The ‘Scheme for Capacity Building in Tex..

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Thursday, 21 December 2017

Less optimistic outlook in FICCI manufacturing survey

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The latest quarterly survey on manufacturing by the Federation of Indian Chambers of Commerce and Industry (FICCI) suggests a slightly less optimistic outlook for the manufacturing sector in the October-December quarter of fiscal 2017-18 as the percentage of respondents reporting higher producti..

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Thursday, 21 December 2017

Colorjet bags Indian Brand Excellence Award 2017

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Colorjet India Limited has won the ‘Indian Brand Excellence Award 2017’ for being the largest manufacturer of digital inkjet printers in India contributing aggressively towards Prime Minister Narendra Modi’s ‘Make in India’ initiative. The award was receive..

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Thursday, 21 December 2017

Indian firm Raymond commissions linen unit in Amravati

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Indiantextilecompany Raymond Ltd recently commissioned the first phase of its greenfield project in the cotton-growing district of Amravati in Maharashtra. However, only linen, a high-end fabric made from flax, a crop grown in France and Belgium, will be manufactured in the first phase. Commerci..

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Thursday, 21 December 2017

Indian govt preparing standard procedure for FTA

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Union minister for commerce & industry Suresh Prabhu (3rd left) speaking at the AEPC event. Textiles minister Smriti Irani (2nd right), AEPC chairman Ashok Rajani (extreme right) are also seen. PIB The Government of India is preparing a standard operating procedure that will be followed ..

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Thursday, 21 December 2017

Fibre2Fashion and RMG Times forge content partnership

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Fibre2Fashion, a leading onlinetradeand information platform for the global textiles, apparel, fashion and retail industry, and Bangladesh based RMG Times have entered into a content partnership. As per the agreement, readers of both Fibre2Fashion and RMG Times will get access to additional indu..

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Thursday, 21 December 2017

Moody's sees stable outlook for India Inc, barring telcos

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Global rating agency Moody's recently declared a stable 2018 outlook for non-financial corporations, car-makers, companies in the construction, cement, and textiles sectors, but a negative one on the real estate sector and telecommunication companies. The forecast stems from the expectation ..

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Thursday, 21 December 2017

Pink bollworm may lead to lower cotton output in India

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The recent pink bollworm incidence in certaincottongrowing regions suggest that cotton production in India may be lower than the earlier forecast, according to the Mumbai office of the Foreign Agricultural Service (FAS) of the US department of agriculture. For marketing year (MY) 2017-18, FAS Mu..

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Thursday, 21 December 2017

India much behind China in containerised cargo capacity

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India’s total containerised cargo capacity of 8.75 million twenty-foot equivalent units (TEUs) at its 12 major ports is less than a quarter of the 36.5 million TEUs containerised goods handled at the Shanghai port, making it imperative for India to pay attention to this gap, says a study b..

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Saturday, 16 December 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

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US retailers’ ability to offer consumers quality products at affordable prices could be threatened if the United States pulls out of the North American FreeTradeAgreement or engages in other anti-trade policy that fails to recognize the increased employment and other contributions imports ..

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Saturday, 16 December 2017

EU parliament resolution calls for Cambodia sanctions

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Following the ongoing crackdown in Cambodia on the opposition and civil society, the European Union Parliament has passed a resolution calling for imposition of visa restrictions on Cambodian officials and freezing their assets, and reviewing the Everything But Arms (EBA) agreement’s human..

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Saturday, 16 December 2017

Indian govt approves special package for leather, footwear

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The Union Cabinet chaired by PM Narendra Modi has approved a special package for employment generation in leather andfootwear sector. The package involves implementation of Central Sector Scheme ‘Indian Footwear, Leather & Accessories Development Programme’ with an approved expen..

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Friday, 15 December 2017

American Merchant to invest $19.9 mn to start Bristol plant

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American Merchant, Inc., a subsidiary of Merchant House International Ltd, a Hong Kong-based designer and manufacturer of home textiles, seasonal décor products and leather shoes, will invest $19.9 million to establish its first US manufacturing operation in Bristol, Virginia state govern..

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Friday, 15 December 2017

15 trade associations urge nations to safeguard WTO system

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Fifteentradeand industry associations from across the world have urged the World Trade Organisation (WTO) member nations to safeguard the WTO system, support the least developed countries (LDCs) and fight hunger, take into account the new trade environment and adopt an ambitious work programme o..

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Thursday, 14 December 2017

Kelvin Techstyles fuses style and function in city apparel

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Fusing style and function in outdoor clothing, Roseville, Minnesota-based Kelvin Techstyles strives for a seamless transition between indoor and outdoor comfort. Overcoming everyday challenges, the company is working hard in order to bring heated clothing to each and every household. Its designs..

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Thursday, 14 December 2017

India's WPI inflation for textiles up 0.3% in Nov 2017

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India’s annual rate of inflation, based on monthly wholesale price index (WPI), stood at 3.93 per cent for the month of November 2017 over same month of last year. The index for ‘Manufacturing of Textiles’ group rose by 0.3 per cent to 113.5. The index for ‘Manufacturing ..

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Thursday, 14 December 2017

Cotton USA introduces yoga wear reducing recovery time

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Courtesy: Cotton USA In a first,CottonUSA has introduced yoga pants and shirts, combined with Celliant technology that improves blood flow for faster recovery times while being super comfortable. Celliant technology aides in faster recovery from strain by increasing tissue oxygenation, boost..

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Thursday, 7 December 2017

Mid-term review of FTP 2015-20 is progressive: TEXPROCIL

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TheCottonTextiles Export Promotion Council (TEXPROCIL) has termed the mid-term review of ForeignTradePolicy (FTP) 2015-20 as progressive and growth oriented. The revised FTP has increased MEIS rates across the board by 2 per cent for labour intensive sectors. Earlier the MEIS rates for garments ..

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Thursday, 7 December 2017

Splash launches Sustainable Garments with N9 Pure Silver

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Courtesy: Resil Chemicals Splash Fashions, a global leader for fast-fashion retail will launch anti-bacterial garments, marketed under the brand N9 Pure Silver, a revolutionary silver based anti-bacterial technology by ResilChemicals. Splash Fashions will inject the technology that fights od..

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Thursday, 7 December 2017

RBI keeps policy repo rate unchanged at 6%

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RBi governor Urjit Patel addressing a press conference post release of bi-monthly statement; Courtesy: Youtube In its fifth bi-monthly monetary policy statement, 2017-18, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has kept the policy repo rate under the liquidity ..

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Thursday, 7 December 2017

Sops worth Rs 8000 cr in mid-term review of India's FTP

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Incentives worth Rs 8,000 crore, focus on micro, small and medium enterprises (MSMEs), labour-intensive segments and the agriculture sector, and a self-certification scheme for duty-free imports are some of the highlights of the mid-term review document of India’s foreign trade policy (FTP..

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Thursday, 7 December 2017

Colorjet to show digital printer Vastrajet at ITMACH

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Courtesy: Colorjet India ColorJet India Ltd, India’s leading manufacturer and marketer of wide format inkjet digitaltextileprinters, will give live demonstration of Vastrajet, its best-selling printer, at ITMACH 2017. This will give visitors an opportunity to take a close look at digit..

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Monday, 4 December 2017

Kashmir seeks Rs 50 cr under PMDP from textiles ministry

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Jammu and Kashmir state has sought Rs 50 crore under Prime Minister’s Development Package (PMDP) from the Indian textiles ministry. In a meeting last week with textiles minister Smriti Irani in New Delhi, state minister for industries and commerce Chander P Ganga briefed her about the proj..

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Monday, 4 December 2017

India may move to 2-tier GST, 28% on luxury goods: Jaitley

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The 12 and 18 per cent rates under the goods and services tax (GST) may be merged once revenue collections pick up and the top 28 per cent slab would be for a “very thin" list of luxury and sin goods, Indian finance minister Arun Jaitley hinted recently. That would result in two rates..

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Monday, 4 December 2017

NSDC with Arvind Limited to train 20,000 youth

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PMKVY induction kits being distributed to the candidates. Committed to empower youth by providing opportunities for skill development, the National Skill Development Corporation (NSDC) with Arvind Limited, will train 20,000 youth till 2020 under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY..

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Monday, 4 December 2017

Amazon India boosts women entrepreneurs with 'Saheli'

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In an attempt to boost women empowerment in India, Amazon India has launched 'Saheli'. In association with non-government organisations including Self-Employed Women Association (SEWA) and Impulse Social Enterprise, Amazon Saheli will provide equal opportunities for women to hone their e..

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Tuesday, 28 November 2017

NSDC trains 1,000 textile workers in Tamil Nadu

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(L-R) Prakash Vasudevan, Sitra; Srihari Balakrishnan, ITF; Prabhu Dhamodharan,ITF; Archana Singh, NSDC; Raja ShanmugaM, TEA; Sudharani, Textile Commissioner Office; Elango, ITF; Ganeshbabu, ITF Skill The National Skill Development Council (NSDC) has trained 1,000 workers from across various ..

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Tuesday, 28 November 2017

Indian textile sector's cautious optimism on govt decision

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The Indiantextileindustry has expressed cautious optimism on the government decision to raise the incentive under the Merchandise Exports from India Scheme (MEIS) for readymade garments and made-ups and notify post-goods and services tax (GST) rates on their exports under the scheme for remissio..

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Tuesday, 28 November 2017

Indian FM supports ease of GST procedure in Surat meeting

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Indian finance minister Arun Jaitley is satisfied with the wholehearted support extended by Surat’s industry community, particularlytextiletraders, to the goods and services tax (GST) initiative. After meeting textile traders there on November 26, he said some genuine industry grievances a..

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Tuesday, 28 November 2017

Gujarat, TN powerlooms take maximum benefit of schemes

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Dr Kavita Gupta inaugurating Buyer Seller Meet (B2B) and Powerloom Textile Exhibition The powerloom entrepreneurs of Gujarat and Tamil Nadu have taken the maximum advantage of the promotional schemes, saidtextilecommissioner Dr Kavita Gupta adding that there is very low awareness about the g..

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Tuesday, 28 November 2017

Indian govt notifies post-GST rates under RoSL

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In order to support exports of readymade garments and madeups, the Indian government has notified post-GST rates under the scheme for Remission of State Levies (RoSL) on exports of readymade garments, madeups and under AA-RoSL for garments. This announcement follows the decision to double the in..

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Tuesday, 28 November 2017

Indian govt doubles MEIS incentive for garments, madeups

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Amid a sharp fall in exports, especially in October 2017, the Indian government has increased the incentive under the Merchandise Exports from India Scheme (MEIS) for readymade garments and madeups. The incentive has been increased from two per cent to four percent of value of exports made durin..

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Tuesday, 28 November 2017

IKEA India opens first 'Hej HOME' in Hyderabad

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Swedish home furnishing major IKEA recently launched its first experiential centre 'IKEA Hej HOME'in Hyderabad ahead of opening its first store there in spring 2018. For six months, the centre will familiarise customers with IKEA home furnishing solutions and acquaint them with the IKEA ..

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Friday, 24 November 2017

Vietnamese footwear exporters need to prepare for EV-FTA

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Vietnamese leather and footwear exporters must comply with the European Union (EU)-Vietnam freetradeagreement’s (EV-FTA) rules of origin and be prepared to deal with EU barriers and anti-dumping measures when it takes effect in 2019, exporters were told at a recent seminar in Ho Chi Minh C..

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Friday, 24 November 2017

Chinese e-commerce firm JD.com invests $44 mn in Tiki.vn

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Chinese e-commerce firmJD.comhas invested $44 million in Tiki.vn, a Vietnamese e-commerce company founded in 2010, to serve the latter’s expansion plans, which includes training human resources, optimising transport to and from its warehouses and to conduct a study on promoting the Tikinow..

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Friday, 24 November 2017

Successful cotton year 2016-17 for ITF Cotton Team

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L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD, Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills at an ITF meeting. Demonstrating collaborative growth in Tamil Nadu’stextilesector, the Coimbatore based ..

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Friday, 24 November 2017

NIFT to train 10000 Madhya Pradesh youth in textile sector

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India’s Madhya Pradesh State Skill Development Mission recently signed an agreement offering exclusive rights to the National Institute of Fashion Technology (NIFT) in Bhopal to train people in thetextilesector under the Mukhya Mantri Kaushalya Yojana. Candidates will receive the month-lon..

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Thursday, 23 November 2017

Guess Q3 2018 revenue up 3%

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The net revenue of American clothing brand and retailer Guess for the third quarter of 2018 increased 3.3 per cent to$554.1 million, compared to$536.3 millionin the prior-year quarter. In constant currency, net revenue increased by 0.6 per cent.Total net revenue for the first nine months of fisc..

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Thursday, 23 November 2017

Japanese stores witness dip in apparel sales in October

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Sales of apparel, both in department stores and in retail chain stores, across Japan decreased in the month of October 2017. The typhoons that hit thecountryfor a fortnight during the month was the main

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Thursday, 23 November 2017

Sri Lanka to set up 150 mini apparel units

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A mini apparel factory was opened recently at Sri Lanka’s Menik Farm village, a refugee camp earlier, as part of a new $1.8-million national apparel initiative at village levels that aims at setting up 150 such factories across thecountryin support of the government’s employment init..

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Thursday, 23 November 2017

GOTS conference on social compliance agrees on 3 points

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GOTS pre-conference to the 19thOrganic World Congress of International Federation of Organic Agriculture Movements, is the first of its kind to focus on social compliance issues in organictextilesupply chain. The conference discussed social impacts of organic textile processing globally and in I..

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Tuesday, 21 November 2017

UKFT turns sector skills body for UK fashion, textile sector

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The UK Fashion &TextileAssociation (UKFT) recently announced at a reception at the Houses of Parliament that it has become the sector skills body for the fashion and textiles sector after taking over the management of current apprenticeship frameworks with the responsibility of registration ..

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Tuesday, 21 November 2017

Egypt's textile exports increase 3% in 10 months: TEC

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Exports by Egypt’sTextileExport Council (TEC) between January and October stood at $673 million, a 3 per cent rise over $651 million in the same period in 2016. Turkey topped the nations importing Egyptian textile with a share of $230.27 million of the exports, followed by Italy ($132.98 m..

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Tuesday, 21 November 2017

East India can draw Rs 30,000 cr in petrochem by 2030

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East India has the potential to attract Rs 30,000 crore investments in the petrochemicals sector by 2030 generating nearly 2.2 million jobs, according to a white paper titled 'Petrochemical: The Sunrise Industry of the East' prepared by consulting firm Deloitte. The paper was released in..

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Tuesday, 21 November 2017

CAI estimates 2017-18 cotton crop at 375 lakh bales

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In its first estimate of thecottoncrop for the 2017-18 season beginning from October 1, 2017, the Cotton Association of India (CAI) has projected 375 lakh bales of 170 kg each. The CAI has retained its estimate for the previous crop year ended September 30, 2017, at 337.25 lakh bales. So, curren..

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Monday, 20 November 2017

Angolan factory sends 2nd cotton yarn shipment to Portugal

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Angolantextilefactory Alassola will send a second shipment ofcottonyarn weighing 100 tonnes from the port of Lobito to Portugal, to be used by some top Portuguese textile firms, according to company chairman Tambwe Mukaz. The first such shipment of 156 tonnes to Portugal was dispatched in Octobe..

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Monday, 20 November 2017

NTGM opens garment export facility in Yangon

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Nordic Technology Group Myanmar Ltd. (NGTM) recently initiated operations at a new container freight station in Dagon Seikkan in Yangon that packs garments and footwear for export to Europe and the United States, according to the logistics and warehousing company. NTGM plans new such sites in Ma..

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Monday, 20 November 2017

NRF welcomes US Senate committee approval on tax reform

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The National Retail Federation (NRF) has welcomed the approval of tax reform legislation by the US Senate finance committee and urged the Senate to approve the bill. As tax reform is the key to increased prosperity that all businesses and middle-class workers desire, senators should set aside th..

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Monday, 20 November 2017

Promoters of Donear Group acquire OCM Woolen Mills

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The promoters of Mumbai-based Donear Group have announced the acquisition of OCM Woolen Mills. The acquisition of OCM, which manufactures a premium range of high-quality all-wool and wool-blended worsted suiting fabrics, will enable the Donear Group to expand its range of products to the Indian ..

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Monday, 20 November 2017

IOCL to set up plastics, textile parks in Odisha

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The Indian Oil Corporation Ltd (IOCL) recently signed two agreements at thePetrochemicalInvestors Conclave in Bhubaneswar. The first was with the Industrial Development Corporation of Odisha (IDCO) to set up a plastic manufacturing park in Paradip and the second with purified terephthalic acid m..

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Saturday, 18 November 2017

ASEAN, Hong Kong sign free trade agreement

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The Association of Southeast Asian Nations (ASEAN) and Hong Kong recently signed the ASEAN-Hong Kong-China FreeTradeAgreement (AHKFTA) and the ASEAN-Hong Kong Investment Agreement (AHKIA) at the 31st ASEAN-Hong Kong summit in Manila to strengthen economic cooperation and stimulate development in..

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Friday, 17 November 2017

Pakistani apparel sector hit by sharp hike in yarn rates

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The 20 per cent rise incottonyarn prices due to cartelization by local manufacturers, who are holding stock to create artificial shortage, has hit the export-oriented Pakistani apparel sector hard, says the Pakistan Readymade Garment Manufacturers and Exporters Association (PRGMEA), which has ur..

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Friday, 17 November 2017

Vlisco discusses investment plans with Nigerian minister

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Dutchtextilecompany Vlisco Group recently discussed with Nigerian finance minister Kemi Adeosun its proposed investment in thecountry’scottontextile industry. The investment would boost growth and jobs in Nigeria across the entire value-chain from cotton to fashion, according to company CE..

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Friday, 17 November 2017

India's retail market to be $1.1 trillion by 2020: Study

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The retail market in India is projected to reach $1.1 trillion by 2020 from the current level of $680 billion, according to a joint study byMRSSIndia.comand the Associated Chambers of Commerce and Industry of India (ASSOCHAM), which foresees the fast moving consumer goods (FMCG) market reaching ..

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Friday, 17 November 2017

Q2 FY17 Bata India net profit grows 24% to Rs 42.9 crore

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For the second quarter of 2017, net profit of European footwear giant and India’s most preferred footwear brand, Bata, was recorded at Rs 42.9 crore, up 24 per cent in continuation to 20 per cent growth in the quarter that ended on June 30, 2017. The rise was a result of continued focus on..

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Wednesday, 15 November 2017

India's apparel exports fall 40% in October 2017

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There is a huge drop in India’s apparel exports, which fell by 40.75 per cent in October 2017 to Rs 5,398.08 crore compared to exports of Rs 9,110.75 crore in same month of the previous year. This includes garments of all textiles, according to the quick estimates of India’s foreignt..

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Wednesday, 15 November 2017

GST in India led to 'temporary slowdown': ASSOCHAM-EY study

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The Indian industry witnessed a temporary slowdown following implementation of the goods and services tax (GST) in July this year despite government efforts to mitigate the problems and improve business conduciveness, according to a recent joint study by the Associated Chambers of Commerce and I..

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Wednesday, 15 November 2017

IOCL conclave to highlight investment opportunities

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To highlight the emerging investment opportunities in the petrochemicals sector in eastern India, Indian Oil Corporation Limited (IOCL) is going to organise a conclave in Bhubaneswar on November 16. The conclave also aims to catalyse investment in downstream textile parks and textile parks propo..

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Wednesday, 15 November 2017

Grasim's net revenue up 63% in Q2 FY18

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Grasim, a part of Aditya Birla Group, has posted consolidated net revenue of Rs 13,646 crore for the quarter ended September 30, 2017. This is an increase of 63 per cent over Rs 8,386 crore revenue in second quarter of previous fiscal, which did not include the erstwhile Aditya Birla Nuvo Limite..

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Wednesday, 15 November 2017

WPI inflation for textiles declines 0.2% in Oct 2017

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India’s annual rate of inflation, based on monthly wholesale price index (WPI), stood at 3.59 per cent for the month of October 2017 over same month of last year. The index for ‘Manufacturing of Textiles’ group declined by 0.2 per cent to 113.2, while the index for ‘Manuf..

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Tuesday, 14 November 2017

Stahl & Igualada Leather Cluster work for sustainability

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Stahl, a leading firm in processchemicalsfor leather products, performance coatings, and polymers, joined hands with Igualada Leather Cluster Barcelona for water management. About 100 people joined the event in Barcelona which gave presentations providing practical insights in optimising water u..

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Tuesday, 14 November 2017

New spinning mill to come up in Turkmenistan

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A newcottonspinning mill is set to come up in Saparmyrat Turkmenbasy district, located in Trukmenistan’s Dashoguz region, one of the four inner-most regions of thecountrywhere cotton is mainly grown. When operational, the mill will have capacity to produce 6,000 tons of cotton yarn annuall..

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Tuesday, 14 November 2017

Decision to reduce burden of tax compliance welcome: CITI

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The Confederation of IndianTextileIndustry (CITI) has welcomed the recent decision of the GST Council to reduce the burden of tax compliance on manufacturing and service sectors. CITI chairman Sanjay K Jain applauded finance minister Arun Jaitley and the GST Council for bringing in number of ref..

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Monday, 13 November 2017

India's textile market likely to touch $250 bn in 2 years

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India’stextilesector accounts for 10 per cent of thecountry’s manufacturing production, 5 per cent of its GDP, and 13 per cent of its export earnings, said a study released by the Associated Chambers of Commerce and Industry of India (ASSOCHAM). The size of the textile market is expe..

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Monday, 13 November 2017

GST rates cut on some goods; changes in Composition Scheme

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The GST Council chaired by Indian finance minister Arun Jaitley, at its 23rdmeeting, has recommended major relief in GST rates on certain goods and services, spread across many sectors and across commodities. The Council has also recommended changes in the Composition Scheme, including a uniform..

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Monday, 13 November 2017

GST return filing process further simplified

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Indian finance minister Arun Jaitley (centre) addressing a press conference after the 23rd GST Council meeting in Guwahati. Courtesy: PIB The GST Council, in its 23rdmeeting held at Guwahati on November 10, 2017, has recommended further simplification of the return filing process. Taxpay..

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Saturday, 11 November 2017

Over 500 to exhibit at Shanghai Hosiery Purchasing Expo

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Courtesy: CHPE More than 500 exhibitors will participate in the 13thShanghai International Hosiery Purchasing Expo (CHPE) 2018. Exhibitors from various countries including Turkey, Pakistan, Korea and Japan will bring in various hosiery brands to the expo and present latest global fashion of ..

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Saturday, 11 November 2017

Indorama Ventures Q3 FY17 net profit rises 68%

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Courtesy: Indorama Ventures The net profit of Indorama Ventures Public Company Limited (IVL), a global chemical producer, for the third quarter of 2017, rose 68 per cent to $137 million. The growth was mainly by higher operating rate, higher volume from its EOEG facility post turnaround in Q..

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Friday, 10 November 2017

Indorama Ventures to acquire Artlant PTA in Portugal

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Courtesy: Artlant PTA Continuing to build on its successfulfeedstockintegration strategy, Thailand headquarterd Indorama Ventures Public Company Limited (IVL), will acquire the assets of Artlant PTA, S.A (Artlant), including all equipment, surface rights and employment contracts. IVL will al..

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Friday, 10 November 2017

Brazilian textile firms to assess raw materials in Egypt

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Backed by the Arab Brazilian Chamber of Commerce and the Consulate of Egypt in Sao Paulo, three Brazilian companies —textilemaker Fiama, yarn maker Círculo and elastic band manufacturer Damenny — have been invited by the Egyptian Government to the November 11-12 textile indust..

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Friday, 10 November 2017

FESPA Asia returns to Bangkok in February 2018

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Courtesy: FESPA Asia Aiming to build on the success of the 2017 event, FESPA Asia is returning to Thailand’s capital Bangkok from February 22-24 next year. More than 100 companies, including M&R, Siser, d.gen, Multicam, JK Group, Caldera, Fimor, Sensient and Hexis, will exhibit at ..

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Thursday, 9 November 2017

Tiruppur trains people in manufacturing jute products

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Tamil Nadu’s garment production hub Tiruppur has now turned to jute products fromcotton. Using a 49-day training offered by the National Jute Board (NJB) in collaboration with National Institute of Fashion Technology-Tirupur Exporters Association (NIFT-TEA) College of Knitwear Fashion, the..

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Thursday, 9 November 2017

Birla Cellulose tops global sustainability list: Report

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Birla Cellulose of the Aditya Birla Group has been ranked first for its commitment to sustainable forestry management, at an international level, according to a latestreport. A recent audit at the company has confirmed that the risk of sourcing wood from ancient and endangered forests or any suc..

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Thursday, 9 November 2017

Arvind Q2 FY18 revenue soars 13% to Rs 2,628 crore

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Courtesy: Arvind Arvind Limited, one of the largest integratedtextileand branded apparel players, has recorded consolidated revenue of Rs 2,628 crore for the second quarter of 2018. The company has registered growth of 13 per cent over the corresponding quarter of previous year despite a cha..

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Wednesday, 8 November 2017

Chinese textile giant to open cotton yarn unit in Arkansas

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The Shandong Ruyi Technology Group (Ruyi) of China recently announced plans to open its first North American factory in Forrest City, Arkansas. The new unit will create 800 jobs, and Ruyi will invest $410 million to renovate a former Sanyo manufacturing centre in the city. It plans to spin more ..

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Wednesday, 8 November 2017

Clerici Tessuto to show EVO yarn-made textiles at PV expo

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Clerici Tessuto, a leadingtextilemanufacturer working for the luxury sector, is set to present its first eco-sustainable textile collection featuring beautiful organic silk andwoolfabrics, made with Italian firm Fulgar’s EVO yarn at the Premiere Vision Paris expo. The global event for fash..

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Tuesday, 7 November 2017

VF Corporation to acquire Icebreaker Holdings

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VF Corporation, a leader in branded lifestyle apparel, footwear and accessories, and Auckland-based Icebreaker Holdings have signed a definitive purchase agreement. The transaction is likely to be completed early in 2018 leading to acquisition of Icebreaker by VF. On a trailing 12-month basis, I..

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Tuesday, 7 November 2017

NRF Urges US Congress to extend support to tax bill

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The National Retail Federation, the world’s largest retailtradeassociation, representing departmental and specialty stores, main street merchants, grocers, wholesalers, chain restaurants and internet retailers from the United States and more than 45 countries, has welcomed the tax reform l..

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Tuesday, 7 November 2017

Chinese consumers prefer online shopping: report

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E-commerce has been identified as the preferred shopping channel for Chinese consumers, according to a recentreport. Mobile e-commerce is driving the growth of online shopping, as customers can easily access shopping platforms anywhere and at any time. Further, it is seen that the Chinese consum..

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Tuesday, 7 November 2017

Birla Cellulose to open design studio in New York

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LAPF Studio in Noida; Courtesy: Birla Cellulose Indian firm Birla Cellulose will open a design studio in New York’s garment district this month to network with global fashion brands and plans to open studios in other cities like London and Hong Kong, according to the company’s pr..

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Tuesday, 7 November 2017

TEA, SIMA hail efforts for Coimbatore airport expansion

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The Tiruppur Exporters’ Association (TEA) and the Southern India Mills’ Association (SIMA) have thanked the Tamil Nadu government and the Airports Authority of India (AAI) for initiating steps for expansion of the Coimbatore airport. The expansion with international flight connectivi..

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Monday, 6 November 2017

Q3 FY17 VF Corp revenue climbs 5% to $3.5 billion

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Courtesy: VF Corporation For the third quarter of fiscal 2017, revenue of VF Corporation, a global leader in branded lifestyle apparel, footwear and accessories, has been recorded at $3.5 billion, up 5 per cent. This increase was driven by broad-based strength across VF’s international..

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Monday, 6 November 2017

Bangladesh's BJMC plans jute industrial villages

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The Bangladesh jute and textiles ministry recently gave the go-ahead to the Bangladesh Jute Mills Corporation (BJMC) to develop jute industrial villages on its unused lands for the diversification of products made from the natural fibre. The corporation runs 25 state-run mills. The ministry&rsqu..

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Monday, 6 November 2017

Ascend to step up production capacity for intermediates

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Courtesy: Ascend Performance Materials Ascend Performance Materials, the largest fully integrated producer ofnylon6,6 resin, plans to step up production capacity across its intermediatechemicalsand polymers portfolio by 10 to 15 per cent to support the continued growth of its customers. It w..

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Saturday, 4 November 2017

Baring Private Equity Partners exits Vardhman Textiles

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Courtesy: Vardhman Barring Private Equity Partners India has exited its portfolio company Vardhman Textiles at a time when private equity participation has continued to touch new highs in India. The domestic private equity firm had exited listed non-banking financial company Muthoot Finance,..

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Saturday, 4 November 2017

Indian textiles minister unveils handloom brand 'Navibhu'

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The Union textiles minister Smriti Irani launches handloom brand 'Navibhu' with a view to tap the niche but expanding customer interest in the Indian handloom industry. Navibhu is the handloom brand of Myntra, India'sleading platform for fashion and lifestyle. The initiative will boo..

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Friday, 3 November 2017

US fashion industry to talk about trade policy

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Executives working in compliance, logistics, sourcing, supply chain management, government relations, and social responsibility will discusstradeand transportation policy at the 29th Apparel Importers Trade & Transportation Conference in New York City on November 15, 2017. The event marks th..

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Friday, 3 November 2017

GST slows India's manufacturing growth in October

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The rollout of goods and services tax (GST) has affected the Indian manufacturing sector badly, according to areport. The Nikkei India Manufacturing Purchasing Managers’ Index (PMI) reading stood at 50.3 in October, down from 51.2 in September. The reduction indicated a broad stagnation in..

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Thursday, 2 November 2017

Myanmar's largest garment firm opens new factory

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Myanmar SUMEC Win Win Garments Co. Ltd, Myanmar’s largest garments exporter and a subsidiary of SUMECTextileand Light Industry Co. in China, recently opened a new factory in Shwe Pyi Thar industrial zone in Yangon. More Chinese firms are now investing in Myanmar with its economy opening up..

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Thursday, 2 November 2017

India to raise silk production in North East to beat China

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The Indian Government has invested Rs 690 crore in projects in 24 districts under the North East RegionTextilePromotion Scheme (NERTPS) to counter China’s growing silk production, Central Silk Board (CSB) chairman KM Hanumantharayappa has said. Six such projects are in Assam, one in Sikkim..

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Wednesday, 1 November 2017

Khadi turns tool for transformation: Indian PM

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Khadi has turned a transformation tool with the sale of khadi items recording a 90 per cent rise during this Diwali festive season, Prime Minister Narendra Modi said recently on his monthly ‘Mann ki Baat’ address to citizens on state-run All India Radio. Khadi is emerging as a powerf..

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Wednesday, 1 November 2017

Maharashtra wants pest-resistant Bt cotton de-notified

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The Maharashtra state government has requested the Indian Government to de-notify the Btcottonseed strain Bollgard II (BG II) as it has lost its efficacy against the pink bollworm pest. The request follows pesticide-related deaths of farm workers in Vidarbha. This is the second such letter the s..

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Wednesday, 1 November 2017

Govt extends deadline to file GSTR-2, GSTR-3 by a month

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The government of India has announced the extension of the last date of filing of goods and services tax returns (GSTR)-2 for July, 2017 to 30 November, 2017 and GSTR-3 for the month of July, 2017 to 11 December, 2017. Recently, the government also declared the extension of filing GSTR-1 form to..

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Tuesday, 31 October 2017

Egypt plans to make Minia governorate textile hub

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Dr Sahar Nasr with members of the Egyptian Textile Industries Council; Courtesy: MIIC The Egyptian ministry of investment and international cooperation (MIIC) recently held a meeting with members of the EgyptianTextileIndustries Council (ETIC) to discuss the private sector’s possible p..

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Tuesday, 31 October 2017

Invista to sell advanced textile business to Shandong Ruy

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Courtesy: Invista Invista has entered into a definitive agreement with Shandong Ruyi Investment Holding to sell its apparel and advanced textiles (A&AT) business, one of Invista’s four major business units. Completion of the agreement, which includes Lycra brand, is subject to cust..

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Monday, 30 October 2017

Indian govt raises duty by 10% on polyester fabric imports

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The Government of India has increased basic customs duty on polyester fabric from 10 per cent to 20 per cent with effect from October 27, 2017. After implementation of the GST, there was a significant drop in the import duty that threatened the survival of the domestic manufacturing industry due..

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Monday, 30 October 2017

Govt extends deadline to claim GST TRAN-1 credit to Nov 30

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The government has announced its decision to extend the time limit to claim the credit of the transitional stock in the GST regime to November 30, stated a notification from Central Board of Excise and Customs. Previously, at the 21stmeeting of the GST Council, the deadline for filing the TRAN-1..

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Monday, 30 October 2017

Sutlej Textiles' total income up 12.75% in H1 FY18

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Courtesy: Sutlej Textiles Sutlej Textiles and Industries Limited, a leading manufacturer and exporter of value added dyed yarns with presence in home textiles, has reported total income of Rs 1,272.75 crore in the first six months of current financial year. This is an increase of 12.75 per c..

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Friday, 27 October 2017

Reverse Resources points out at market for leftovers

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A study carried out by Reverse Resources has pointed out that garment manufacturers producing textiles and clothes for many of the world’s major fashion brands spill an average of 25 per cent of resources through fabric and garment production. In some cases, the volume was as high as 47 pe..

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Friday, 27 October 2017

Hebei becomes 10th ICA-Bremen certified laboratory

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TheCottonTesting Laboratory at the Technical Center of Hebei Entry-Exit Inspection & Quarantine Bureau (Hebei) is the latest laboratory to be certified under the ICA Bremen ‘International Laboratory Certification Scheme’. Hebei has become the tenth organisation to be certified as..

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Thursday, 26 October 2017

Birla Century bags LEED & MIG certifications

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Courtesy: Birla Century Birla Century, a unit of Century Textiles & Industries Ltd., has become the first manufacturing plant in India to bag LEED & MIG certifications for sustainabletextileproduction. Keeping in view clean manufacturing and sustainable drive among world leaders of t..

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Thursday, 26 October 2017

Textiles & Power ministries join hands for SAATHI

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The ministries of textiles and power have joined hands for SAATHI (Sustainable & Accelerated Adoption of efficientTextiletechnologies to Help small Industries). Under the initiative, Energy Efficiency Services Ltd (EESL) will procure energy efficient powerlooms, motors and rapier kits and gi..

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Wednesday, 25 October 2017

FM Arun Jaitley's press conference: Highlights

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Courtesy: Youtube India has remained one of the fastest growing economies in the world for the past few years, and there are strong macroeconomic fundamentals, Union finance minister Arun Jaitley said at a press conference today. India’s foreign reserves have crossed $400 billion in 20..

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Wednesday, 25 October 2017

Orange O Tec sells over 100 MS DTP machines in India

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MS JP7 digital textile printer; Courtesy: Orange O Tec Surat based Orange O Tec Pvt Ltd has already sold more than 100 digitaltextileprinting (DTP) machines of MS Printing Solutions Srl (MS), Italy, in the Indian textile market. Orange O Tec is the sole distributor of MS Italy, a global lead..

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Tuesday, 24 October 2017

DuPont highlights new additions to digital ink at SGIA

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Courtesy: Dupont DuPont Advanced Printing, a business unit of DowDuPont Specialty Products Division, highlighted new additions to its innovative digital ink offerings at the recently concluded SGIA show in New Orleans,Louisiana.The company showcased its newly launched DuPont Artistri Xite S2..

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Tuesday, 24 October 2017

Total pesticide use in cotton has fallen since 1980s

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Courtesy: Pesticide Action Network UK Total pesticide use incottonhas fallen since the 1980s, suggest findings of Pesticide Action Network UK (PAN UK). In particular, insecticide use has declined, as has herbicide, although neither are as significant as some have claimed, and both are on..

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Monday, 23 October 2017

Shima Seiki to host private expo in Romania

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SDS One Apex 3 real time 3D view; Courtesy: Shima Seiki Shima Seiki Italia S.p.A, an Italian subsidiary of leading Japanese computerised knittingmachinemanufacturer, in conjunction with its Romanian sales agent, KNIT-TEX ROM, is set to hold a private expo in Arad, Romania, from October 25 to..

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Monday, 23 October 2017

Pakistan govt notifies 50% duty drawback on exports

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The Pakistan government has notified the ‘Duty Drawback of Taxes Order 2017-18’, effective immediately. The announcement is in pursuance of the Prime Minister’s Package of Incentives for Exporters approved by Economic Coordination Committee (ECC) of the Cabinet to provide duty ..

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Saturday, 21 October 2017

LCF selects Lectra's fashion pattern-making solutions

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Lectra, a leader in integrated technology solutions (software, automated cutting equipment, and associated services) designed for industries using fabrics, leather, technical textiles, and composite materials, has announced that the London College of Fashion (LCF), University of the Arts London,..

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Saturday, 21 October 2017

Indian Home Furnishing Exporters Have a Lukewarm First Half of ‘17

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The first half of 2017 has gone by and Indian home furnishing industry is giving mixed response about the business so far. To bring out the real picture, Apparel Online met several exporters across the country. As usual, few exporters expressed happiness about their business in 2017 while for so..

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Friday, 20 October 2017

Sutlej Textiles adds American Silk Mills to its portfolio

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Courtesy: American Silk Mills Sutlej Textiles and Industries Ltd (STIL) has announced the acquisition of design, sales and distribution business and brand of American Silk Mills (ASM) LLC based at Plains, Pennsylvania. The acquisition of American boutique designer and distributor of resident..

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