Top 10 Rising Categories Top 10 Falling Categories 1. TC Fabric 2.57% 1. Natural Fiber Grey Cloth -2.31% 2. Apparel Lining 1.12% 2. Fashion Fabric -1.55% 3. Other Chemical Fiber 0.89% 3.Blended Fiber Grey Cloth -1.45% 4. Lace 0.89% 4. TR Fabric -1.44% 5. RW Fabric 0.47% 5. TS Fabric -1.36% 6. Lining 0.33% 6. Blended -0.86% 7. NC Fabric 0.15% 7. Chemical Fiber Grey Cloth -0.48% 8. RW Fabric

A knowledge network management system (KNMS), an inter-ministerial synergy group on man-made fibre (MMF) and a new task force on textiles are the three institutional mechanisms initiated by the Indian ministry of textiles for efforts involving multiple stakeholders following deliberations at the three-day Textiles India 2017 summit held in Gujarat recently. The summit, held at Gandhinagar from June 30 to July 2, hosted 26 roundtables to discuss growth opportunities for the sector. The in

The Indian Ministry of Textiles has set up institutional mechanism which includes a Steering Committee, an Inter-Ministerial Synergy Group on Man-Made Fibre and a Task Force to help on textile industry achieve its full potential. The textile ministry has set up the institutional mechanisms to carry forward the key recommendations which emerged from the deliberations at the Textiles India 2017 was held at Gandhinagar, Gujarat from June 30 to July 2. The Ministry of Textiles in a release sai

Herrmann Ultraschall has developed an automated ultrasonic assembly line to minimise bacterial contamination in a new, patented abdominal swab called TexArt, produced by Portugese medical device manufacturer Bastos Viegas. The new swab reportedly enables automated roll-to-finished products assembly compared to a complex sewing process with ample manual handling steps. TexArt is composed of three layers using woven and nonwoven technology. A textile net in the middle (made of polyamide/pol

Despite slower-than-expected monthly expansion, China's foreign trade growth is expected to remain on a positive track amid uncertainties for the year. The country's exports in yuan-denominated terms rose 11.2 percent year on year in July, compared with the 17.3-percent growth in June, customs data showed Tuesday. Imports increased 14.7 percent, slowing from 23.1 percent in June, the weakest monthly growth so far this year. A higher base, currency appreciation and falling commodities

The Chinese economy may be hitting the bottom rung of its growth cycle or will bottom out in one or two years, according to a leading academic and former top government advisor. Then it will enter a mid-rate growth track, said Liu Shijin, former deputy head of the State Council's Development Research Center. "The Chinese economy is near its bottom and we should not be pessimistic about its growth prospects," he said. Liu made the comments in an introduction to a book on China's economy,

Textile exporters have urged the government to exempt the sector from the integrated goods and services tax (IGST) to boost the country's exports as they fear that Indian products will become uncompetitive in global markets. The GST Council has finalised between 5 and 18 per cent of applicable IGST on various products depending upon the type, value and services involved in it. Additionally, 5 per cent GST is applicable on job work also. "Merchant exporters cannot benefit from the facility o

Michael Kors revenues for the three months ended July 1, 2017 decreased 3.6 percent to 952.4 million dollars from 987.9 million dollars in the first quarter of fiscal 2017. On a constant currency basis, the company said, total revenue decreased 2.6 percent. Gross profit for the quarter decreased 2.8 percent to 574.7 million dollars and as a percentage of total revenue was 60.3 percent. “We are encouraged by our first quarter performance, although we continue to believe that fiscal 2018 will b

Pakistan’s new minister for commerce and textile Muhammad Pervaiz Malik is determined to enhance the country’s declining textile exports by resolving traders’ issues. After assuming office on August 8, Malik said the government will expedite the finalisation of preferential and free trade agreements with various countries and tax refunds to exporters. The minister, an industrialist from the crisis-hit basic textile sector, was briefed on the three-year Strategic Trade Policy Framework, under

Fiber Industries is preparing to open a new textile production operation in Darlington County, South Carolina. Expected to be operational in early 2018, this development is projected to bring more than $30 million of capital investment and create at least 135 new jobs. A privately-held company, Fiber Industries was established by MHR Fund Management. Fiber Industries was established by MHR Fund Management, a New York-based investment firm, in order to restart the Palmetto Plant in Darlington