Leading textiles players are likely to invest about Rs 2,500 crore in Madhya Pradesh state.Pratibha Syntex Ltd has announced to set up a towel manufacturing unit at an investment of more than Rs 500 crore in the special economic zone (SEZ) in the Dhar district near Indore.Mahavir Spinning Mills, a flagship company of Vardhman group has unleashed expansion plan of worth Rs 1100 crore in Raisen and Sehore districts. Pratibha Syntex, Maral Overseas and Nahar Spinning Mill also plan to invest in the

Global fabric production remained almost unchanged on its record level. A strong increase could be observed in South America, whereas fabric output in Asia and Europe fell slightly. The level of world yarn production did not change. Again, while South America could increase its yarn output, Asia and Europe experienced a small decline. Both yarn and fabric inventories were lower on world level. Especially in South America and Europe yarn stocks were reduced considerably, while Asian yarn inventor

In the Multi Fiber Arrangement world of quota-free trade in yarns, fabrics, and finished textiles, the Central American Free Trade Agreement (CAFTA) represents a direct threat to China? growing power?ndeed, its near-monopoly?n world textile production.If passed, CAFTA would enhance the competitiveness of Central American factories that pay higher wages higher than China and predominantly use U.S. cotton. But if CAFTA fails, U.S. cotton exports to Central America will come to an end, while U.S. i

The 1st International Textile Educational Conference organised by The Textile Association (India), under the theme Global Textile Education, will be held at Hotel Taj Coromandel in Chennai, Tamil Nadu State, India, between 1st to 4th July 2005.The prime objectives of the conference are to bring together Intellectuals, Academicians, Research Associates, Scholars, Industrialists and Students to a common platform to deliberate on important issues pertaining to global textile education and to set th

After reviewing video footage showing the stunningly cruel treatment of sheep at the hands of the Australian wool industry, more than a dozen knitting and yarn stores spanning the country have announced that they will no longer buy Australian merino wool.The stores include Allinda Knitting Boutique in Spokane, Wash.; The Quiltery in Battle Creek, Mich.; Jean? Designer Yarn in Tamarac, Fla.; Elegant Stitch Ltd. in Pawleys Island, S.C.; Article Pract in Oakland, Calif.; and four businesses in the

Chinese trousers manufacturers should stop exporting cotton trousers to the United States, according to statistics from the China Chamber of Commerce for the Import and Export of Textiles. Other textile exporters should also be careful about their exports of certain categories under US restrictions imposed in May. The statistics published on the chamber's website showed that the clearance rate of cotton trousers had exceeded 103 per cent of the year's quotas given by the United States by June 23

The World Bank announces that the proposals by US and EU policymakers to curb Chinese imports were unmerited and insincere.Peter Stephens, the World Bank's spokesman for Asia informed that rise in tariffs and imposing quotas on trade are the nastiest response. The US and EU accused that its domestic textile players have been harmed by increase in Chinese imports since ending of quota system, which ended on 1 January, 2005.US has already imposed restrictions over the growth of Chinese textile imp

"Attempting to manage the world? fastest growing economy and the country with the world? biggest population is preposterous. It? delusional." The comments came a day after the World Bank? director for China, David Dollar, said Beijing? exchange rate policy that keeps the yuan valued between 8.276 and 8.28 per dollar was a "legitimate choice" and not a manipulation of the yuan currency. The World Bank has said China? exports have climbed at a 20 to 30 percent annual clip, well ahead of worl

China's agreement to restrict growth in textile exports to head off threats of quotas by the United States and the European Union may make the industry more competitive by driving smaller factories out of business. China's textile makers, which invested US$25 billion in two years to expand, will need to apply for export licences as the government tries to rein in growth in an industry, worth more than US$100 billion a year, China''s Commerce Ministry said on June 20. "China may, through this tra

China said it opposed anti-dumping investigations by the European Union (EU) into increased Chinese shoe imports, accusing its trading partner of distorting trade figures and misleading the public. "China urges the EU to start with the facts, make decisions cautiously and avoid trade frictions," Chong Quan, a spokesman of Ministry of Commerce, said in a statement on the ministry's Web site Saturday. China is against the EU starting anti-dumping investigations without "factual grounds or legal ba