-
Pakistan's Textile sector posts 23pc growth in profit
Textile sector net profits posted a vigorous 23pc growth in the first half of FY09 over the same period last fiscal year. Demand for textiles is apparently regaining ground as textile composite and we...
-
Indian textile exports to decline until Sept
India’s textile exports will continue to fall until September, as demand remains weak in major export markets, a top official of the Confederation of Indian Textile Industry (CITI) told Reuters in an...
-
India’s cotton exports may triple
World cotton trade is expected to increase by eight per cent to 6.5 million tonnes in 2009-10 with India contributing most to it, the International Cotton Advisory Committee.
-
Bangladesh Textile & Yarn Producers Make Expansion Plans
There are about 300 yarn spinning factories in Bangladesh, with an annual yarn production of 9,000kt. Local spinners were confronted with losses and cumulating stocks two months ago due to an influx o...
-
India seen losing out to Asian competitors in textile exports
Competition from Bangladesh, China and Vietnam is threatening the Indian textile industry and the country could find itself lagging in exports if it does not react suitably, say experts in the textile...
-
Pakistan's New textile policy to be approved shortly
Federal Minister for Textile Industry, Rana Mohammad Farooq Saeed Khan has said that new textile policy would be presented to Prime Minister Syed Yousuf Raza Gilani within next two days for its approv...
-
Vietnam textiles increases market share in US
The United State’s Customs has recently reported that Vietnam’s market share of textiles and garments in the US has increased from 3.4 percent to 4.47 percent since the same time last year.
-
Turkish Textile sector begins to see signs of recovery
Turkish Textile, Knitting and Clothing Industry Workers' Union (TEKSİF) Chairman Nazmi Irgat has said Turkey's ailing textile sector has started to see light at the end of a dark tunnel amid troubles...
-
France offers buying office to Pakistani textile sector
The government of France has offered the Pakistani textile sector to open a buying office in France to get business. The French Commercial Counsellor in Pakistan Dominique Simon made this offer during...
-
Pakistan to take up duty-free access issue with EU
President Asif Ali Zardari is likely to take up the issue of duty-free access for Pakistani products with the European Union in a meeting in Brussels on June 17.
-
High cotton prices have hit Indian textile industry hard
The way our cotton economy has been treated by the government during the current cotton year (October-September) makes a good example of misplaced policy intervention. It started with the unprecedente...
-
Egypt, US to expand free trade zones
Egypt's trade minister said an agreement allowing Egypt to export to the United States on preferential terms will be expanded to include new industrial zones, the state-owned daily al-Ahram reported o...
-
Egypt rejects Greek cotton shipment at Alexandria
Egypt`s agricultural quarantine authority said on Monday it had rejected a shipment of 740 tonnes of ginned Greek cotton at Alexandria port because it contained cotton seeds.
-
Uganda's Textile industry suffocates
UNCONTROLLED importation of cheap fabrics and garments and high production costs are threatening the local textile industry. This, sector players said, would also undermine cotton production promoted...
-
Plan to boost struggling clothing sector spelt out
A plan was unveiled yesterday to help the struggling textile sector, a key employer, to compete with cheap Chinese imports.
-
China Will Sell Cotton Reserves to Ease Tight Supply
China, the world’s biggest cotton producer and user, will sell more than half its government stockpiles of the fiber in a bid to ease tight domestic supplies.
-
Indian cotton imports set to surge 60%
India is likely to register a 30-60% increase in cotton imports in the current cotton year (Oct'08-Sep'09) as international prices quote at a marginal discount to domestic prices after the government...
-
Turkish company to build 25mln birr textile factory in Ethiopia
Nepsa Textiles Plc, a subsidiary of one of the biggest textile companies in Turkey, is set to open a factory here with an initial investment capital of 25 million birr, it was learnt.
-
South Africa offers help to textile sector
South Africa unveiled a plan on Thursday to help the struggling textile sector, a key employer, to better compete with cheap Chinese imports.
-
Indian textile industry looks to government for aid
The textile sector accounts for nearly a third of the Rs15,000 crore of corporate debt restructuring initiated by Indian companies since April 2008, illustrating the tough times the industry is passin...