While an earlier target of 17 million pieces capacity set in 2009 is yet to be achieved, the garment industry this year is anticipating touching 12 million pieces capacity, up from 9000 million pieces in 2009. "The industry had set a target of 17 million pieces per annum capacity target in 2009. However, while the same could not be achieved, the estimated capacity of the garment industry is now expected to touch 12 million pieces," said an AEPC official on condition of anonymity However, t

Uzbekistan the world's fifth largest cotton exporter reports having exported $1 billion worth of textile products this year. The announcement was made shortly after the United States criticized the tightly-controlled Central Asian country for failing to stop using forced labour in its cotton fields. Uzbek Prime Minister Shavkat Mirziyoyev at an annual cotton fair in the capital Tashkent said that the total export volume are being ramped up every year, this year its total volume of textile ex

The Rajasthan State Industrial Development and Investment Corporation Ltd. (RIICO) and Federation of Indian Chambers of Commerce and Industry (FICCI) are set to host the third edition of “VASTRA- An International Textile and Apparel Fair 2014” (VASTRA-2014) , from the 29th of October to 31st October, 2014 at the Jaipur Exhibition & Convention Centre. The event aims to highlight business opportunities and provide opportunities for launching new products, exploring avenues for new business

The earnings from exports of textiles and apparel by Ethiopia have been growing during the implementation of the Government’s Growth and Transformation Plan (GTP), the Textiles Industry Development Institute (TIDI) of Ethiopia has said. Presenting a report on performance of the Ethiopian textile and clothing industry in the Ethiopian fiscal year 2006 that ended in August 2014, TIDI director general Sileshi Lemma said, the earnings from exports are growing but at a slow pace. Ethiopia earne

Wensli Group, silk company as part of its expansion plan into the international market has acquired Marc Rozier, a 120 year old silk scarf factory in France in 2013. The company marked a milestone of its internationalization on Friday in Hangzhou when it debuted its Marc Rozier brand. Tu Hongyan, chairman of the group, said that the debut of Marc Rozier in China is a turning point for the Chinese silk industry. The silk industry is a traditional industry in China and they are obliged to ha

The Commerce Ministry would extend help in every possible way to address woes of the jute industry, Commerce and Industry Minister Nirmala Sitharaman said. "Although jute is not within the jurisdiction of my ministry, it is under the textiles ministry. But my ministry will help in its own way", Sitharaman told reporters after a closed-door meeting on jute industry here where Minister of State for Textiles Santosh Gangwar was also present. The meeting, convened by the National Jute Board, w

The International Monetary Fund was launched in 1944 with the world's new superpower, the United States, in position as the key force and shareholder in the global crisis bank. Today, China is on the verge of becoming the world's largest economy. But its voice at the IMF -- wrapping up its annual meeting this weekend in Washington -- remains that of a minor country, and some worry this could undermine the crucial, 70-year-old institution. The IMF estimates that by the end of this year,

China-based Shenhua Ningxia Coal Industry Group Co. Ltd has awarded a contract to CB&I for the license and engineering design of a polypropylene line to be setup in Ningxia. The Shenhua Ningxia unit will use CB&I's Novolen technology to produce 600,000 MTA of polypropylene. CB&I said that there are already two units utilizing Novolen technology at the existing site, each with cascade and parallel production lines. Once the new unit is set up, polypropylene capacity will rise

Cotton is the major source of Turkmenistan's export and raw material for dozens of modern enterprises of the dynamically developing textile industry of Turkmenistan. Turkmenistan allocated total area of 545,000 hectares for cotton production. Ahal province is the leader among the country’s provinces, where almost 71 percent of the planned volume has been harvested. Turkmenistan has harvested more than 64 percent, or over 676,000 metric tons of cotton to date, Turkmenpagta (Turkmen cotton)

Last month’s Intertextile Shanghai Home Textiles was hailed as a resounding success after a very strong 10% increase in buyer numbers (compared to 2013). A total of 43,189 buyers from 94 countries and regions came to source from 1,334 exhibitors from 31 countries and regions. 38,571 buyers from China and 4,618 from overseas attended, while the top five visitor countries and regions besides Mainland China were Korea, Japan, Taiwan, Russia and the US. The fair took place at the Shanghai New Int