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States' interventions in lint trade in Pakistan, China and India

States’ interventions could be massive in China, India and Pakistan in order to support cotton prices. As a result the textile industry may not take advantage of the significantly lower raw materials. The stakeholders said Tuesday the cotton prices were once again unable to ...

India Cotton Exports May Fall on Higher Local Prices

Cotton exports from India, the world's second-biggest supplier, may fall this year as growers withhold overseas sales to benefit from higher domestic prices, fixed by the government. Exports in the 12 months ending Sept. 30 may be less than 8.5 million bales a year earlier, said ...

India:Karnataka Govt declares support schemes for weaving industry

Chief Minister B S Yeddyurappa of Karnataka applauded the efforts of weavers and praised their contribution to the State economy at the inauguration of district-level weavers’ convention at the BEC Grounds, Bagalkot. He stressed that Government was planning many support schemes ...

Nigeria:Declare state of emergency for sick textile industry - MAN

Nigerian textile industry has been struggling to survive and is in pitiable state, especially due to impact of global recession and internal issues like lack of liquidity as well as inadequate power supply. Recognizing this, Manufacturers Association of Nigeria (MAN) recently ...

Romania: Over 40,000 employees from textile industry may be laid off

Over 40,000 employees from the textile industry, i.e. 15-20 per cent of the total number of employees, may be turned redundant next year, as a result of the fall of exports, and many firms consider giving up production. “Our most optimistic estimates show that next year the lohn ...

Pakistan: Businesses going down like dominoes

Several tanneries, cottage industries, and textile and leather manufacturing units have been shut down due to the ongoing energy crisis, the deteriorating law and order situation and the present business environment. Local investors have complained that the current business ...

India: PM calls meet on textile industry bailout tomorrow

Prime Minister Manmohan Singh has called for a meeting on Wednesday on bailing out the textile industry following the surge in input costs due to a sharp hike in the minimum support price (MSP) of cotton in September. "The Prime Minister has called a meeting tomorrow on the ...

World economies limp toward Christmas

The world's economies limped toward Christmas on Tuesday, with a US contraction confirmed, Britain shrinking more sharply than thought and Spain and New Zealand languishing in recession. The US economy shrank an unrevised 0.5 percent in the third quarter, official data showed. ...

Pakistan: Textile industry in deep quagmire

In view of the inherent capacity of the textile industry to bring about meaningful improvement to the economy, it is important to see that this capacity is not compromised, APTMA spokesman said. The spokesman was of the view that keeping into consideration the inherent capacity ...

Italy: Baruffa launches COLOURS A/W 2009-10

Baruffa launches COLOURS A/W 2009-10. Colour means a love for all that is simple and genuine, because colour develops its effects on natural, valuable raw materials. Colour is also creativity, because wool, cashmere and other fine fibres are enhanced by shades of great energy and ...

India: Govt can help turn crisis into opportunity for exporters

In the last few years the Indian exporters have been able to create a niche for themselves in global markets. This comes from delivering products of exceptional quality as well as on time at competitive rates. According to experts, this acceptance can be turned in to an ...

Pakistan: Minister for priority to textile industry

The federal minister for textile industry has said that the textile industry is backbone of the country and our economy is dependent on this sector as it is providing four million jobs. In a statement issued here on Saturday, he said the government was giving top priority to this ...

Pakistan: Relief Package?: NA body recommends more incentives for cotton growers

The National Assembly’s Standing Committee on Textile Industry on Thursday recommended the government to facilitate the cotton growers by giving them incentives for sowing maximum cotton for the consumption of textile industry. The committee met conducted a meeting under the ...

Canada: Peerless Garments wins CF Rainwear contract

The Honourable Vic Toews, President of the Treasury Board on behalf of the Honourable Christian Paradis, the Minister of Public Works and Government Services Canada, and the Honourable Peter Gordon MacKay, Minister of National Defence and Minister for the Atlantic Gateway, ...

Pakistan: Load-shedding of gas cuts textile export orders

Basic textile mills, flooded with export orders due to the global textile industry realignment, have been unable to cash in on the opportunity as gas load-shedding continues in Punjab and NWFP despite a significant increase in temperature. A spokesman for the All Pakistan Textile ...

Germany: BASF mulls sale of leather, textile chemical unit

German chemical company BASF SE said Wednesday it is considering selling off its leathers and textiles chemicals business, which has seen low market growth and high competitive pressure. Ludwigshafen-based BASF said it had implemented a series of restructuring and efficiency ...

Canada: Winner Garment to offer Milliken Amplitude FR fabrics

Milliken & Company, one of the world’s largest privately-held textile and chemical manufacturers, and Winner Garment Industries Ltd., a manufacturer specializing in custom-designed industrial protective wear, announced that Winner Garment will now offer Amplitude, Milliken’s ...

Pakistan: 'Textile industry has potential to overcome economic crisis' - Minister

“The textile industry alone can bring out the country from the economic crisis, subject to, that the stakeholders are given the help needed in this period of turmoil”, so said the Minister for Textiles, Mr Khan and added by saying that if the textile industry is strengthened, ...

Philippines: Garments in extremis

There are malignant signs that the garments industry is coming close to being in extremis. Since the elimination of the quotas on garments in 2005, exports of these products have been erratic. In 2008, exports of garments fell to $1.85 billion from $2.3 billion in 2007. Combined ...

Indian garment exporters may lose out to low-cost competitors

Garment exports from India show little signs of picking up this winter-autumn season, following a gradual shift of international buyers towards low-cost neighbouring countries. International bookings of garments have dropped sharply, although exporters slashed prices by 11-12%. ...
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