The textile and clothing industry that has been struggling to maintain exports growth and facing tough competition from neighbouring countries will now have a relief as the government has increased the interest subvention rates from 2 percent to 3 percent, said D.K.Nair, Secretary General, Confederation of Indian Textile Industry (CITI) while hailing the government's initiative that will benefit exporters. "The enhancement of interest subvention is a very welcome measure. High interest cost is

Bangladesh is about to finalise a deal to import cotton from Uzbekistan aiming to ensure supply of 200,000 tonnes of the commodity annually for the local textile industry, sources said. The two countries already exchanged the draft of the memorandum of understanding (MoU) which is now under scrutiny, they said. Uzbekistan is the sixth largest cotton producer in the world with 4.6 million bales produced in 2011. Bangladesh is also holding talks with India for getting 1.5 million bales of cot

Sri Lanka’s non-BOI apparel exporters have been integrated into the global network, Asycuda World (of UNCTAD). Apparel exports are now back on track having overcome global recession, a Ministry of Industry and Commerce spokesman said. He said that Sri Lanka’s apparel sector has entered a new phase. As a result of Sri Lanka’s non-BOI apparel manufacturers directly integrating into the online ‘Asycuda World’ system, the country has cleared a major bottleneck in apparel exports. “Our apparel expo

Williams Partners L.P. is executing through its subsidiary Williams Olefins LLC on a plan that has an early April 2014 timeframe for restarting its Geismar Olefins plant and bringing online an expansion that will increase its share of the plant's ethylene production capacity by approximately 50 percent. The facility has been offline for investigatory work, damage assessment and repairs following an explosion incident on June 13. While the plant is offline, Williams Partners through its subsid

Fabric of Women's Lightweight White Pique Robe White Blue Trim (c) 2013 Tisseron Online bathrobe retail specialist, Tisseron, explains how organic cotton bathrobes triumph over their cashmere cousins, and launches extensive range of luxury bathrobes for women in a range of styles, weights and finishes. Today, online bathrobe retailer, Tisseron, launched a range of bathrobes for women comprising over 30 classic and contemporary designs. The styles are made exclusively from organic Tur

Bedding is a growth market and will be a main topic at next Intertextile Shanghai Home Textiles (c) 2013 Messe Frankfurt As the commencement of the next Intertextile Shanghai Home Textiles — Autumn Edition draws nearer, some of Europe and Asia's leading bedding & towelling suppliers are ready to take advantage of the burgeoning domestic market at the largest home textiles trade event in Asia. Over 1,350 home textile suppliers from 31 countries and regions will exhibit in 12 halls a

The global polyamide market is expected to increase at a CAGR of 3.2% and reach a value of $27.4 billion by 2018, according to a new report by MarketsandMarkets. Polyamide is a versatile product with a high demand across the automotive market at a global level. Due to the current rising raw material prices in this industry, manufacturers prefer high performance and cost effective polyamide compared to other products. The major industries for polyamide are Automotive, Electrical & Electro

The aftermath of the April garment factory collapse in Bangladesh that killed more than 1,100 has apparel executives eying higher clothing costs next year. Apparel unit costs look to increase at a low-single-digit rate next year, after a decline since 2012, according to a Cowen & Co. survey of 15 executives and agents that handle apparel sourcing for retailers and brand manufacturers. More than two-thirds of the survey respondents see higher apparel costs next year, with 20% of them expec

Canadian apparel maker Gildan Activewear Inc raised the lower end of its full-year earnings outlook for the second time this year, saying it expects higher sales of printwear and branded apparel. Gildan now expects 2013 earnings to be $2.67-$2.70 per share, up from $2.65-$2.70 forecast earlier. Analysts on average had expected earnings of $2.68 cents per share, according to Thomson Reuters I/B/E/S. The Montreal-based company reported a 47 percent jump in third-quarter profit on Thursday. Net

(Exports stood at Rs 13,000 crore in 2012-13, growing by 8% from the previous year. But this year the exporters are expecting double digit growth.) Exports from Tirupur, the knitwear hub of the country, have shown about 19% rise in the first quarter ended June,2013. The region in Tamil Nadu, which accounts for 42 % of the total knitwear exports from the country, shipped Rs 4,100 crore worth of materials in the first three months. In the same period in the previous year, exports touched Rs 3