Indian handicrafts exports are expected to rise by around 10 per cent year on year to Rs 23,560 crore in fiscal 2017, driven by surge in demand from new and traditional markets. Demand from countries and regions including the US, Europe, Latin America and Middle East is increasing which is expected to help record a healthy growth in export figures. Executive director of the Exports Promotion Council for Handicrafts (EPCH) Rakesh Kumar also said that for the April-September 2016 quarter, handi

The Indian polyester market witnessed a demand growth of 14 per cent year-on-year (YoY) in the second quarter of FY17, says the financial performance report of Reliance Industries Limited (RIL). Polyester filament yarn lifting was healthy for grey and finished fabrics during 2Q FY17 and there was a surge in demand for polyester products. The financial report documenting the growth of RIL in the second quarter and first half of FY17 states that polyester products witnessed a demand growth of

Spinning mills have reduced purchasing raw cotton from the market due to inferior produce. The buyers are holding back expecting drop in raw cotton prices with arrival of fresh and 'superior' crops in the market from next month. There are about 40 spinning units in the state. Each unit has a capacity of one lakh spindles that requires around 450-500 bales of cotton per day. President of a textile firm Suresh Maheshwari said, "Buying of raw cotton has reduced significantly because quality i

All Pakistan Textile Mills Association (APTMA) Punjab Chairman Syed Ali Ahsan has said the industry worries are multiplying fast due to an unprecedented 50 percent decline in cotton production to six million bales during the current crop season against 10.5 million bales in 2011-12. This was stated by him during a meeting with Governor Punjab Malik Muhammad Rafique Rajwana while apprising him of the issues relating to the restoration of viability and growth of textile industry in Punjab.Senio

Pakistan’s textile exports tumbled by around 6 percent during first quarter (July to September) of ongoing fiscal year (2016-17). The country exported textile goods worth $3.03 billion during July-September period of FY2017 as against $3.22 billion of the corresponding period of the previous year, according to the fresh data of Pakistan Bureau of Statistics (PBS). Meanwhile, textile exports went down by 12.11 percent to $961 million during September 2016 from $1.09 billion of the same month o

The cotton market maintained steady trend on Wednesday amid strong demand from spinners and some exporters thanks to easily availability of quality lint owing to higher phutti arrivals into the ginneries. Firmer trading conditions were witnessed as more and more buyers rushed to build up their stocks at the prevailing prices. Leading spinners indulged in big lot deals in order to get maximum quality cotton. “At this peak cotton season there should have been brisk trading activities but due

Driven by increases in Australia and Mali, partially offset by declines in Brazil and the United States, global cotton production in 2016/17 is forecast at 102.7 million bales. This figure revealed by the US Department of Agriculture (USDA) in its October report is slightly above the September USDA projection and nearly 7 per cent higher than 2015/16. The October report forecasts world harvested area at 29.4 million hectares in 2016/17, 3 per cent below the prior season and the lowest since 1

In a bid to strengthen trade ties with the US, Pakistan has asked the former to give it preferential access to the US textile market. Ways and means to give Pakistani exporters belonging to various sectors including textiles, more access to the US market was also discussed during the 8thTrade & Investment Framework Agreement (TIFA) council meeting. Explaining this stand, Pakistani minister for commerce Khurram Dastgir Khan said, “Several international institutions have substantiated Paki

Bangladeshi jute and jute goods may be subject to 25-30 % duty upon entry to the Indian market if the local exporters are found guilty of dumping. The development comes after the Directorate General of Anti-Dumping and Allied Duties or DGAD under India's commerce ministry concluded its probe into the matter last week, said an official of Bangladesh Tariff Commission. The report is likely to be disclosed next week. “I heard that a 25 percent to 30 percent anti-dumping duty was recommended i

CHINA’S economy steadied in the third quarter, with GDP growth staying flat at 6.7 percent. Experts argue, however, that slowing income growth might affect consumer spending and further stimulus measures to stabilize the economy could postpone restructuring. Year-on-year growth was in line with the rate posted in the first and second quarters, the National Bureau of Statistics said. “The national economic performance has been generally steady, making progress and improving in quality, r