Authorities in Pakistan have imposed a new tax on the textile industry aimed at providing adequate energy supplies to the sector in the upcoming winter season. The Gas Infrastructure Development Cess (GIDC) is expected to generate PKR24bn (US$253m) per annum, which the government will use to finance gas imports from Iran, Turkmenistan, Qatar and India. It is hoped that the measure will resolve the country's energy crisis, which has led to persistent gas and power cuts for the textile indus

The country's textile and garment sector achieved a trade surplus of US$5.3 billion in the first eight months of 2012, a year-on-year increase of 24 per cent. According to the Viet Nam Textile and Garment Association (VITAS), in the first eight months of the year, the sector achieved an export turnover of $10.8 billion, an increase of 6 per cent compared with the same period last year. The textile and garment sector has taken the lead of the country's top 10 export products. VITAS attribut

In order to bring back the country’s highest foreign exchanging earning textile industry on track, Pakistan Government has prioritized providing uninterrupted gas supply to the industry, Dr. Asim Hussain, Adviser to the Prime Minister on Petroleum and Natural Resources, has said. Addressing textile exporters at the Pakistan Textile Exporters Association (PTEA), he said President Asif Ali Zardari has already issued directions for preparation of a roadmap for reviving the country’s textile indu

Badal govt sets up panel to offer perks and retain textile spinning units Less than a week after Gujarat government announced its new textile industry promotion policy offering a slew of incentives, Punjab government has hit the panic button fearing the flight of its textile spinning units to Gujarat. The state government has already formed a high powered committee to offer its own set of incentives to either match or outdo the freebies offered by Narendra Modi-led government in Gujarat.

The ephedrine quota allotment scam has not only created serious shortage of different medicines in the country but also adversely affecting the performance of the textile sector as a number of important issues requiring the attention of the Federal Minister of Textile Industry Makhdoom Shahabuddin remain pending due to his frequent absence from office after being declared an absconder. Informed sources in the Ministry of Textile Industry told Business Recorder that following the issuance of h

The town of Plyos, the Ivanovo region of Russia, hosted The Golden Ring Forum on September 7-8. The forum was held to discuss mechanisms to support complex investment and innovative projects in textile and light industries under Russia's accession to the WTO. Deputy Industry and Trade Minister of the Russian Federation Georgy Kalamanov said during the forum that Russia had obtained knowledge before joining the WTO. "The light industry is among the top three industries that are exposed to risk

Minister for Agriculture Punjab said that cotton crop has been grown on 5.8 million acres and the current cotton crop situation is satisfactory. He was addressing a press conference after chairing a meeting of Cotton Crop Management Group (CCMG) at Circuit House Multan. He said that purpose of CCMG meeting is to view cotton crop situation and control CLCV and other insects of cotton crops to get the target of 10.5 million cotton bales. He constituted a technical committee of experts to prepare c

Expressing concern over volatility in yarn prices, the Apparel Export Promotion Council (AEPC) has sought early Government intervention to overcome the situation. In a letter to Commerce and Industry, Textile Minister Anand Sharma, the AEPC said cotton yarn prices should be carefully monitored, as small manufacturers and handloom weavers were considerably impacted due to the steep price hike. AEPC Chairman A. Sakthivel said, “Unfortunately in the last few months, we have experienced volatili

Textile innovator Camira Fabrics has stepped back into the supply chain to work directly with farmers who grow the innovative raw material input for the company’s sustainable bast fiber fabric Hemp. The fabric uses hemp cultivated as agricultural crops to provide 40 percent of the fiber blend; the rest comes from wool. Camira’s hemp is grown as agricultural crops under license from the U.K. government on farms in England. This bast fiber plant—like nettles, flax and jute—contains naturally oc