Towel Manufacturers Association of Pakistan (TMA) Chairman Farrukh Maqbool has said that towel exports can be increased if accumulated refund of sales tax amount is released to this sector. He stated this while addressing a press conference here. On the occasion, Moin A Razzak, Mehmood Rangoonwala, Mehtabuddin Chawla, Syed Usman Ali and Ali Raza said that TMA had set up an impressive pavilion in TEXPO-2016 where a number of foreign buyers including Qatar, Saudi Arabia, Japan, Argentina and

The cotton market witnessed renewed buying interest on Wednes­day as many spinners rushed back to replenish their inventories in front of dwindling cotton stocks and short supply of quality lint. Though there was no new development which could have induced buyers, rapidly falling cotton stocks held by ginners resulted in some panic buying from spinners who were running short of supplies, brokers said. The crisis-ridden textile industry is currently passing through difficult period as t

The Bangladesh government has revised the cash incentive scheme for the fiscal year of 2015-2016, raising the rate of incentive for textile products export to the Eurozone area and leather goods. According to a circular, the government increased the rate of cast incentive for export of textile products to the Eurozone area to six per cent from the current four per cent. The sector gets cash incentive as an alternative to the duty bonds and duty drawbacks facility. The rate of cash incen

An 11-member delegation of China Chamber of Commerce for Import and Export of Textile and Apparel (CCCT) will visit Pakistan to explore possibilities to production their units in the China Pakistan Economic Corridor (CPEC) economic zones through joint ventures with local companies. The delegation will also attend Texpo Fair which is scheduled to be held from April 7 to 10. Chief Coordinator Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Ijaz A. Khokhar told th

At a conference hosted by the Vietnam Textile and Apparel Association (Vitas) recently, economic expert said that Vietnamese businesses in the field of garment and textile material have been showing lack of interest due to low profit margin and long payback period. They forecast that Vietnam now has 5,028 garment and textile businesses while the number of material suppliers is only 604. The material deficiency has created which is unlikely to improve in the next five years. At the same ti

The Maharam Design Studio recognized for its rigorous and holistic commitment to design as a leading provider of textiles to architects and interior designers has introduced a new range of upholstery textiles combining sustainable manufacturing with luxurious design and vibrant colours for dramatic commercial and residential interiors. Mode from the Maharam Design Studio is a high-performance, vibrantly coloured textile offering the look and feel of wool. Heavier-denier yarns have been used t

The Jute industry in India due to lack of innovation and diversification is facing biggest bottleneck, as sacking still rules the market and manufacturers shy away from diversification because of the steady orders they procure from rice and wheat producing states and their lack of exposure to the exponentially growing global market for jute diversified products, said Chhabilendra Roul, additional secretary at the agriculture ministry's research and education department. The Indian jute indus

Trading on the cotton market improved as needy spinners rushed back to replenish their stocks on Tuesday. However, buying pattern was more of short-term covering than building up of stocks. Market sources said that as the current season is drawing to a close, spinners are engaged in short-term requirements. The reports of better off-take in cotton yarn market also induced sentiment, brokers said. The rise in petroleum prices resulted in higher polyester yarn prices by up to Rs2 per kg also

Five years into talks for a free trade agreement (FTA) with Australia, India wants zero duty on textiles, automobile parts and fresh fruit. On its part, Australia is seeking tariff reduction in dairy products, fresh fruit, pharmaceuticals and wines. Commerce Minister Nirmala Sitharaman said on Monday that negotiations on FTA are progressing substantially and the two countries are probably “close to a deal”. Her comments came at a CII event in New Delhi. Sitharaman said she had met the Aust

An employee adjusts a thread on his mechanical lace-making machine called Leavers loom at the Desseilles Laces factory in Calais, northern France.[Photo/Agencies] Chinese leading textile company Yong Sheng, a Hangzhou-based privately owned enterprise, has acquired French lace producer Desseilles Laces SAS, one of the oldest lace producers in the country, for 300,000 euros ($341,300). Founded in 1993, Hong Kong-listed Yong Sheng sells its products to more than 60 countries and regions, and