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Calls for removal of import duties on yarns
JOHANNESBURG – TFG, the owner of Foschini and Sportscene, wants government to speed up the planned removal of import duties on yarns, which are cotton threads used to make fabric. TFG manufactures more than 25 percent of its clothing locally. The Trade and Industry Department wants to increase t...Read more -
Global market surges: Cotton exports may increase 30%
According to trade experts, including Cotton Corporation of India (CCI) Chairman and Managing Director (CMD) PK Agarwal, exports could be between 65 and 70 lakh bales (of 170 kg each) compared with 50 lakh bales the previous year. Bullish prospects Agarwal sounded bullish on export prospects wit...Read more -
Egypt textile sector hit by recession and closures
Around 30% of Egypt’s textile factories are understood to have closed as a result of the recession and deteriorating conditions in the country. Egyptian MP, Enas Abdel Halim, confirmed the closures, according to the Middle East Monitor, adding that the remaining factories had reduced production ...Read more -
New Textile Policy
Government is considering promotion of MMF and Technical Textile under Production Linked Incentive (PLI) scheme. The formulation of Focus Product Incentive Scheme (FPIS) under the ambit of Production Linked Incentive (PLI) Scheme is in process. The objective of the FPIS would be creating global ...Read more -
Exports rise 5.37% in January
Imports expanded 2.05% last month while exports grew 5.37%, leaving a trade deficit of $14.75 billion, according to preliminary data released by the commerce ministry. Non-petroleum and non-jewellery imports grew 5.94%. India’s merchandise exports as well as imports expanded for the second conse...Read more -
China‘ss garment & textile exports grow in 2020 despite pandemic.
China’s garment and textile exports surged 9.60 per cent in 2020 to US $ 291.23 billion, according to the official data made available by the General Administration of Customs, China (GACC). Of total exports value, textile exports reached US $ 153.84 billion by growing 29.20 per cent on yearly b...Read more -
India to Impose Duty on Cotton Imports
On February 1, Honorable Mrs. Nirmala Sitharaman, Union Finance Minister of India introduced the Indian budget for the financial year 2021-22. The budget is built on six pillars that focus on: 1) Health and Wellbeing; 2) Physical & Financial Capital, and Infrastructure; 3) Inclusive Developm...Read more -
Bangla Apperial sector reles on too few buyer’s
A group of buyers engage in business simultaneously with more than 300 readymade garment (RMG) factories in Bangladesh, underscoring the industry’s major vulnerability, a survey found. Zara, H&M, Li & Fung and Walmart are the top four brands out of 3,600 retailers that had business durin...Read more -
China’s Eastern Development International (Myanmar) Dongzhan Textile Group
China’s Eastern Development International (Myanmar) Co. Ltd. under the Dongzhan Textile Group has submitted a proposal to implement a textile manufacturing cluster project in a town in Myanmar’s Sagaing city, an economic hub, at an expected cost of over $370 million, according to the latter’s mi...Read more -
Sky-high yarn rates throw textile sector off balance.
Post-pandemic, the Indian textile sector is now on a recovery path. However, the demand-price equation is suffering from an imbalance at many levels of this sector. Exorbitantly high cotton yarn prices are an area of concern for fabric and garments manufacturers. They hope that the prices wil...Read more -
Pakistan Textile Apparel Export 7.79%
The value of textile and garment exports from Pakistan rose by 7.79 per cent year-on-year in dollar terms in the first half (H1) of fiscal 2020-21 that began on July 1. During the six-month period, PakistanRead more -
China and India Garment Export Rise 9.6% 2020
Despite the COVID-19 pandemic and global economic slowdown, textile and garment exports from China increased by 9.6 per cent year-on-year to $291.22 billion in 2020, data released by the ministry of industry and information technology showed. Category-wise, textile exports jumped 29.2 per cent y...Read more