Falling textile exports are unlikely to have long-term impact as the Government has projected a textile industry growth of 16 per cent in value terms to touch USD 115 billion in the 11th Five-Year Plan (2007-12).
“We expect the textile industry growth will accelerate to 16 per cent in value terms and the market size of […]
The woes of the Indian textile industry caused by fast eroding competitiveness in the face of a rapidly appreciating rupee have reached the Prime Minister who has reportedly assured appropriate measures to reverse the decline and ensure the industry’s sustained growth.
Apprising Dr Manmohan Singh of the basic feature of the industry — low import intensity […]
Textile exports require fresh subsidy injections, and the over Rs 24 billion put in as R & D subsidies are not enough to enhance dwindling exports, caretaker Minister for Commerce and Textile, Shahzada Alam Manoo, said Tuesday during his first interaction with the media.
The textile sector is currently exporting at a loss, because the “world […]
The net profit of top ten textile companies including Nahar Spinning Mills, Gokaldas, Raymonds, RSWM, Welspun, DSCL Shriram, has declined by average 32% in the quarter ending on September this year
While rising value of rupee against dollar has sent small textile companies into losses, big brands are striving with high interest, raw material and labour […]
Textile industry leaders have once again urged Prime Minister Manmohan Singh to refund state level levies amounting to 6% to textile and clothing exporters to mitigate the decline in exports due to rupee appreciation against the dollar. They have also demanded duty free scrips at suitable rates.The rupee has appreciated by about 17% vis-à-vis dollar […]
The textile industry, under pressure to meet export targets due to rupee’s appreciation against the dollar, could expect some relief measures from the government shortly, a top official said on Friday.
“The Finance Minister (P Chidambaram) had recently met all the export associations and councils of the textile sector and we can hope to get some […]
The textile industry, under pressure to meet export targets due to rupee’s appreciation against the dollar, could expect some relief measures from the government shortly, a top official said on Friday.
“The Finance Minister (P Chidambaram) had recently met all the export associations and councils of the textile sector and we can hope to get some […]
The demand of the textile industry regarding sops and incentives could get favourable consideration shortly. A note from the secretary of finance, containing the size of the relief package, is already with the government awaiting approval.
A K Singh, secretary textiles, said, “Something more is coming and it is coming very soon.” He added that it […]
Japan’s New Energy and Industrial Technology Development Organization (NEDO) has agreed to assist Indonesia with energy and water conservation in the textile sector.
Under an agreement signed Wednesday, NEDO will finance about 95 percent of a Rp 62.8 billion (US$6.69 million) pilot project to improve greater energy and water efficiency in the textile dyeing and finishing […]
QingDao Dongjia Textile Machinery Company of China has successfully completed the development of two new textile equipments namely FB series and FN208X series. The former is known for making use of waste materials and can qualify for being eco-friendly.
After tests and verification, the technological equipments have reached the international advanced levels and in the long […]
Recently, three associations, China Textile Information Center, China Fashion Color Association and Fujian Provincial Cloth Industrial Chamber have formally set up the offices in Shishi city.
China Textile Information Center will supply the information support to increase the competition in the textile and clothing enterprises, where as China Fashion Color Association will undertake the research and […]
Dr. Shahzad Arshad, chairman Federation of Pakistan Chambers of Commerce and Industry (FPCCI), standing committee on textiles and ancillary has welcomed the appointment of Muhammad Mian Soomro as Caretaker Prime Minister and hoped that he (Soomro) will solve problems of textile industry on priority basis.
In a statement , Chairman FPCCI standing committee on textiles and […]