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Euratex suggests measures to deal with Brexit

Euratex suggests measures to deal with Brexit

"Euratex, the European Apparel and Textile Confederation, recently said uncontrolled separation of the UK from the EU would have a very serious impact on industries on both sides, i.e. given comparably high import tariffs that would apply in the textiles and clothing sector. As per the Confederation, it is in common in... Read more

GST for textile sector, in line with the prevailing rates – ICRA

GST for textile sector, in line with the prevailing rates – ICRA

"The Goods & Services Tax (GST) Council announced rates for the textile and other pending categories on June 3, 2017, moving one step closer to the proposed implementation of the new tax regime with effect from July 1, 2017. While rates for most commodities were announced on May 19, 2017, the announcement for the t... Read more

Vietnam signs deals worth $8 billion with US

Vietnam signs deals worth $8 billion with US

"To sustain its export-driven economy and minimise the impact of US withdrawal from the TPP, Vietnam is placing a great thrust on the increased trade relations with the US, which is its largest export market. Vietnam and the US have recently signed business deals worth US$8 billion, in the sectors such as aircraft engi... Read more

Is China losing its textile touch?

Is China losing its textile touch?

"China is the number one textile and clothing exporter to the world, producing more than 43.1per cent of global demand. As per the 13th five-year plan of Chinese Government for the year 2016 to 2020 period, China strategically is moving towards more value adding tech intensive products. The plan is to maintain traditio... Read more

Brexit Affect: UK textile industry under threat

Brexit Affect: UK textile industry under threat

"Employing over 556,000 people, the UK textile industry is going to be impacted by Brexit. British manufacturers create products worth £9 billion a year, from Savile Row suits to highly technical fabrics used in sectors such as aerospace, the medical and the military. Falling value of Sterling has increased impor... Read more

Australian cotton crop production on track for 2017-18

Australian cotton crop production on track for 2017-18

Cotton crop is giving a strong push towards Australia’s target of achieving around four million bales and bring in $2.5 billion to the nation. According to Cotton Australia CEO, Adam Kay, while yields were back from the records of the past couple of years, strong prices meant good returns for growers. Irrigated y... Read more

Pakistan textile industry disappointed with the budget

Pakistan textile industry disappointed with the budget

"All Pakistan Textile Mills Association (APTMA) has deeply disapproved the proposed Federal Budget 2017-18. It says, the government is not serious about implementing the Rs 180 billion Prime Minister's export led growth package as till now only Rs 1 billion has been released by the State Bank of Pakistan. The governmen... Read more

India’s denim segment to witness slowdown in FY18: Ind-Ra study

India’s denim segment to witness slowdown in FY18: Ind-Ra study

"India’s denim segment, with close to 10 per cent market share of the textile industry, is expected to witness deterioration in credit profile in the absence of improvements in realisations in FY18, says a recent report, ‘Stable Input Prices, Fiscal Incentives to Support Textile and Cotton in FY18’, b... Read more

Global cotton production to register an uptick in 2017-18

Global cotton production to register an uptick in 2017-18

"Cotton production has witnessed surge in all major countries, including the US and India, resulting in the highest production outside China in six years. As a result, stocks outside of China will rise to a near-record share of use, the United States department of agriculture (USDA) said in its first detailed forecast ... Read more

Sri Lanka: To enhance exports, raw material production needs boost

Sri Lanka: To enhance exports, raw material production needs boost

"Considered an alternative to Indian garment industry, Sri Lankan apparel industry has seen tough times of late. However, it still accounts for over 46 per cent of Sri Lanka’s total exports and generates the highest industrial employment opportunities to over 300,000 directly and 600,000 indirectly, which include... Read more

Asia dominates as shipment destination for textile machinery: ITMF

Asia dominates as shipment destination for textile machinery: ITMF

"Global shipments of electronic flat knitting machines soared by 99 per cent in 2016.Asia received the highest share of shipments, at 94 per cent. China remained by far the world’s largest investor for flat knitting machines in 2016 with Chinese investments having a global share of 73 per cent, according to The 3... Read more

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Japan’s apparel imports rise in first four months of 2017

Japan’s volume of apparel imports was up 0.73 per cent during the January to April 2017 p... Read more

Bangladesh’s export earnings fall in first six months

Bangladesh’s earnings from apparel exports plunged 3.47 per cent in the first six months ... Read more

Indonesia’s textile exports increases 0.62 per cent

Indonesia’s textile exports in the first half of 2017 grew by 0.62 per cent year on year.... Read more

EU technical textile exports up

Technical textile exports from the EU grew 2.4 per cent during 2016, says Euratex. It accounted... Read more

Chinese apparel exports reducing as they shift to tech-intensive products

Chinese apparel export was growing exponentially till 2014 and later it showed a steep decline.... Read more

Pakistan exports cotton yarn worth $1.134b in FY 2016-17

The latest data released by Pakistan Bureau of Statistics reveals cotton yarn valued at $1.134 ... Read more

Pakistan cotton prices may not fall with growing demand

Cotton prices in Pakistan will remain on the higher side due to growing demand for the commodit... Read more

EU, Japan conclude agreement

The EU and Japan have entered into a trade agreement. The EU-Japan Economic Partnership Agreeme... Read more

Pak’s bed wear exports up three per cent

Pakistan’s bed wear textile exports grew by 3.22 per cent in July to May 2016-2017.In ter... Read more

Turkish duties imposed unfair, says India

Turkey has imposed customs duties on textiles and garments from India and some other countries.... Read more

Myanmar’s garment exports grow after lifting of US, EU sanctions

Following the lifting of European and American economic sanctions, Myanmar’s garment indu... Read more

Indian textile sector set for huge growth

The size of India's textile market is expected to touch 250 billion dollars in the next two yea... Read more

US firms levy dumping charges

Three US companies say China, India, South Korea and Vietnam dump fine denier polyester staple ... Read more

Bangladesh’s exports to Japan dips by 3.7 per cent

Bangladesh’s shipments to Japan declined 3.7 per cent in the first 11 months of 2016-17. ... Read more

Arvind disruption minimal, says Credit Suisse

Credit Suisse has maintained an outperform rating on Arvind, with a target price of Rs 450. It ... Read more

Gujarat Weavers Welfare Association wants fiber policy implementation

For the larger benefit of the Indian textile sector under the new GST regimethe Federation of G... Read more

Vietnam’s export earnings may rise 11 per cent

Export revenues of Vietnam’s textile and garment industry are forecast to go up 11 per ce... Read more

Top wool producing states in India

Wool and Woollen textiles is a rural based, export oriented industry in which the organized sec... Read more

Embroidery units protest GST

The textile embroidery hub in Surat has decided to agitate against GST from June 24. Embroidery... Read more

UAE retailers lead the way in modest fashion

In the world of luxury and high-street fashion, more western brands than ever are seeking to ca... Read more

Tunisia’s textile and clothing exports up 11 per cent

For the first five months of 2017 Tunisia’s exports of the textile and clothing industrie... Read more

Pakistan textile and clothing exports falls in July-May

During the first 11 months of the current fiscal year Pakistan’s textile and clothing exp... Read more

Trade Imbalance, Indonesia govt cautioned not to import from China

BhimYudhistira an economist, of BhimYudhistira Institute for Economic Economics and Finance (IN... Read more

India’s garment exports grow eight per cent

India’s readymade garment exports registered a positive growth of just 8.06 per cent in M... Read more

Sri Lanka, Vietnam grow in Japan’s imports

In the first three months of the year, Japan recorded a surge in volume of apparel imports by 0... Read more

China’s manmade fiber business on upswing

In the first three months of this year, China's chemical fiber production was up 6.87 per cent ... Read more

EU Imports: Bangladesh, Pakistan rise, India, China down

During the first quarter of 2017 the European Union’s apparel imports rose 0.33 per cent ... Read more

Bangladesh hopes for US recovery

Bangladesh’s exports rose nearly 1.4 per cent in May from a year earlier. For July to May... Read more

Global brands entering India, China to grow

There is a change in the U.S. retail market. Consumers are spending less on products and spendi... Read more

China dominates technical textiles

Amid a rapidly increasing global technical textiles market, China is expected to stay dominant ... Read more

GST may hit small yarn buyers, boost fabric imports

India’s small, non-integrated manmade fabric manufacturers feel threatened by GST. Under ... Read more

Asos is top fashion site

Among the top 25 global fashion sites by traffic, asos is in the number one spot followed by hm... Read more

Synthetic fiber use grows globally

World fiber market consumption was up 1.5 per cent in 2016.Oil-based synthetic fibers had the b... Read more

Goa invites technical textile units

Goa wants investors to set up technical textile production units. A technical textile is a text... Read more

India’s inflation rate drops

India’s annual rate of inflation dropped to 2.17 per cent for May 2017 over May 2016. The... Read more

World cotton production up eight per cent

World cotton production is forecast to grow 8.2 per cent over the previous year.The projected i... Read more

Bangladesh’s cotton imports rise

Bangladesh’s cotton imports will be 7.1 million bales in 2017-18, making it the world&rsq... Read more

GST may make imports cheaper

Synthetic fabric manufacturers feel that with the new GST rates, the cost of imported fabric wi... Read more

Blanket imports may soar after GST

India’s blanket making units face a bleak future following the decision to cut the levy o... Read more

Asia-Pacific will sustain technical textiles

Asia-Pacific will be the world’s largest market for technical textiles during 2017 to 202... Read more

Textile policy in three months

India will have a textile policy in three months. The draft has been finalized after consultati... Read more

World cotton trade may fall two per cent

The 2017-18 world cotton projections include increases in global production, consumption, and e... Read more

Rebates help Indian export growth of 31 per cent

The Rebate of State Levies scheme helped India achieve an export growth of 31.7 per cent in Apr... Read more

Bangladesh’s export to India up marginally

The country’s export to its giant next door neighbour increased marginally in July-May pe... Read more

German exports rise in April

German exports rose more strongly than expected in April while imports posted an even bigger in... Read more

GST cut to 5%: Relief for textiles, apparel job workers

The government has revised and announced a major relief by sharply allowing to cut down GST rat... Read more

Vietnam’s exports to Russia up 78 per cent

In the first four months of 2017, Vietnam’s exports to Russia grew by 78.2 per cent. The ... Read more

Pakistan, Turkey move toward FTA

Pakistan and Turkey are in discussions for a FTA. This will enable both countries to improve th... Read more

India and Eurasia aim for FTA

India and the Eurasian Economic Union (EEU) will shortly begin negotiations for a free trade ag... Read more

Bangladesh garment industry reacts to proposals

Manufacturers in Bangladesh want the source tax against readymade garment exports to be withdra... Read more

Orders for Italian machinery up 24 per cent

This year has started off on a positive note for Italian textile machinery manufacturers. For t... Read more