INTERNATIONAL
Textile Raw Material Price 2016-03-20
|
Item |
Price |
Unit |
Fluctuation |
Date |
|
PSF |
1095.41 |
USD/Ton |
0% |
3/20/2016 |
|
VSF |
2105.84 |
USD/Ton |
0.22% |
3/20/2016 |
|
ASF |
1927.39 |
USD/Ton |
0% |
3/20/2016 |
|
Polyester POY |
1104.68 |
USD/Ton |
1.13% |
3/20/2016 |
|
Nylon FDY |
2278.88 |
USD/Ton |
0.68% |
3/20/2016 |
|
40D Spandex |
4557.75 |
USD/Ton |
0% |
3/20/2016 |
|
Nylon DTY |
5758.22 |
USD/Ton |
0% |
3/20/2016 |
|
Viscose Long Filament |
1290.08 |
USD/Ton |
0% |
3/20/2016 |
|
Polyester DTY |
2062.58 |
USD/Ton |
0% |
3/20/2016 |
|
Nylon POY |
2112.79 |
USD/Ton |
0% |
3/20/2016 |
|
Acrylic Top 3D |
1185.02 |
USD/Ton |
0.59% |
3/20/2016 |
|
Polyester FDY |
2510.63 |
USD/Ton |
0% |
3/20/2016 |
|
30S Spun Rayon Yarn |
2811.90 |
USD/Ton |
0.55% |
3/20/2016 |
|
32S Polyester Yarn |
1761.30 |
USD/Ton |
0% |
3/20/2016 |
|
45S T/C Yarn |
2472.00 |
USD/Ton |
0% |
3/20/2016 |
|
45S Polyester Yarn |
2966.40 |
USD/Ton |
0.52% |
3/20/2016 |
|
T/C Yarn 65/35 32S |
2472.00 |
USD/Ton |
0% |
3/20/2016 |
|
40S Rayon Yarn |
1869.45 |
USD/Ton |
0% |
3/20/2016 |
|
T/R Yarn 65/35 32S |
2132.10 |
USD/Ton |
0% |
3/20/2016 |
|
10S Denim Fabric |
1.08 |
USD/Meter |
0% |
3/20/2016 |
|
32S Twill Fabric |
0.90 |
USD/Meter |
0% |
3/20/2016 |
|
40S Combed Poplin |
0.98 |
USD/Meter |
0% |
3/20/2016 |
|
30S Rayon Fabric |
0.73 |
USD/Meter |
0% |
3/20/2016 |
|
45S T/C Fabric |
0.74 |
USD/Meter |
0% |
3/20/2016 |
Source: Global Textiles
Note: The above prices are Chinese Price (1 CNY = 0.15450 USD dtd 21/03/2016)
The prices given above are as quoted from Global Textiles.com. SRTEPC is not responsible for the correctness of the same.
Indian exporters enjoying preferential access into the EU market through the Generalised System of Preferences (GSP) scheme face a tough technical challenge. From next year, they may have to self-certify the origin of their goods, instead of accredited agencies, in order to avail of benefits under the scheme. This could prove to be a complicated process and might also lead to black-listing of firms if errors creep in, a government official told BusinessLine . “The government plans to train exporters as they would have to log into the EU website and go through established procedures to generate rules of origin certificates. In case of wrong entries leading to erroneous rules of origin certificate, there could be adverse rulings not for just the particular exporter but the entire sector,” the official said. Countries have the option of requesting the EU for more time to switch over to the new system, but India is attempting to meet next year’s deadline.
Benefits of the scheme
Under the EU’s GSP scheme, developing countries are eligible to pay less or no duties on their exports to the EU as long as the total exports are below a specified threshold. India, China and Brazil are among the top beneficiaries of the EU’s GSP scheme with almost 40 per cent of items being exported from India, including garments, jewellery, handicrafts and certain engineering items, gaining from it.
Why the certificate matters
The certificate of origin, which establishes that an item being exported originates from the beneficiary country, is of key importance as it is a check against third-country exports flowing into the EU at preferential duty rates. “If wrong entries are made by exporters even inadvertently, it might not be taken kindly by the EU. So we have to train exporters to operate the system,” the official said. Two government officials from India recently visited the EU for training and they in turn would be designing training programmes for exporters. At present, agencies such as the Export Inspection Council (EIC), the Directorate General of Foreign Trade the Central Silk Board, the Marine Products Exports Development Authority and a number of SEZ development commissioners are authorised to give origin certificates for export to the EU. Once the new system kicks in, the government will appoint one agency as the ‘competent authority’ to register all exporters who would be participating in the self-certification process and pass on the details to the EU.
SOURCE: The Hindu Business Line
Importers will have to file just one 'Integrated Declaration' electronically from April 1, compared to nine forms currently for clearances of consignments from different government agencies, a move aimed at improving the ease of doing business. The CBEC has developed the 'Integrated Declaration' under which all information required for import clearance by the government agencies has been incorporated into the electronic format of the Bill of Entry. Customs broker or importer will submit the 'Integrated Declaration' electronically to a single entry point -- the Customs Gateway (ICEGATE), the Central Board of Excise and Customs (CBEC) said. Integrated Declaration is being tested on the ICEGATE facility and "will go live with effect from April 1," the apex body responsible for collection of indirect taxes said. The Integrated Declaration replaces nine separate forms that an importer or his broker files with various agencies. These include Customs Bill of Entry, Customs valuation declaration, application for import of livestock products, application for import of pet animals/aquatic/other animals, birds and poultry (chicks), application for quarantine inspection and form for NOC from FSSAI to import food items.
The Integrated Declaration would also gather information and data for implementation of a system of selective inspection and testing by all Partner Government Agencies (PGAs) like animal quarantine and drug controller, "which is crucial for promoting Ease of Doing Business," the CBEC said. Following the decision of the Committee of Secretaries, all PGAs will select consignments for documentary examination, physical inspection and testing based on risk. The Integrated Declaration will be applicable for consignments to be cleared under the Indian Customs EDI Systems.
For the clearance of imported goods in the manual mode, separate documents prescribed by the respective agencies will continue to apply. The Integrated Declaration will also include different types of undertakings, declarations, and letters of guarantee that are presently required to be submitted on company letter heads. It is being implementing under the Indian Customs Single Window. CBEC further said that i is in the process of procuring IT infrastructure to capture digitally signed copies of the supporting documents. Once this facility is implemented, the need to provide hard copies of supporting documents will be dispensed with.
SOURCE: The Economic Times
Three major trade bodies Indian Cotton Association Limited (ICAL), Northern India Textiles Mills Association (NITMA), and Mumbai-based Indian Society for Cotton Improvement (ISCI have decided to jointly organize a seminar 'Awareness of whitefly and best practices for growing cotton' at Abohar on March 21. The seminar to be held to discussion and find way to avoid a repeat of the last year's pest attack on cotton crop in Punjab and Haryana. Cotton was sown over 4.5 lakh hectares in Punjab last year and two-third of it was damaged due to pest attack. Farmers of cotton-growing areas of three states will attend the event. Cotton growers from Sirsa and Fatehabad districts of Haryana, Sri Ganganagar and Hanumangarh in Rajasthan, and Bathinda, Mansa and Fazilka of Punjab have also been invited to take part in the seminar. Experts and top agriculture scientists, including ISCI president C D Mayee, NAFED chairman Ashok Thakur, Punjab Agricultural University vice-chancellor B S Dhillon, Punjab agriculture director Gurdial Singh and progressive farmer Ajayvir Jakhar, would tell farmers about the techniques to grow cotton without troubles. Farmers will be told about how to overcome pest attack, if it happens, and get more yield per acre at the seminar. ICAL president Mahesh Sharda said that severe pest attack on the crop in the previous season had badly shaken the cotton growers, and it affected the economy of Punjab and Haryana. Efforts are being made to make them aware about best practices to grow cotton and maximize their returns.
SOURCE: Yarns&Fibers
The Central Board of Excise and Customs (CBEC) has developed an 'integrated declaration' to incorporate all the information required for import clearance by various government agencies into the electronic format of the bill of entry. This is to be filed electronically at a single entry point, the Customs Gateway. Separate application forms required by different agencies such as the Drugs Controller, Textile Committee, etc, would be dispensed with. This important step to provide the importers a single point interface for clearance of imported goods will go online from April 1, for consignments to be cleared under the Indian Customs EDI Systems but not for clearance of imported goods in the manual mode. The integrated declaration has a portion to capture the text of different types of declarations, undertakings and letters of guarantee, etc, in the form of statements. These statements have been standardised and codified. While giving the integrated declaration, the importer can specify the statement codes and printed copies of the bills of entry will contain the corresponding standardised texts. The integrated declaration has a separate section on particulars of supporting documents to be provided with the bill of entry. The importer or his customs broker can also provide details of the supporting documents using this section. CBEC is in the process of procuring information technology infrastructure to capture digitally signed copies of the supporting documents. Once this is implemented, the need to provide hard copies of supporting documents will be dispensed with. The latest instructions (dated March 15) follow the CBEC's earlier circulars dated March 31, 2015, and February 3, 2016, regarding implementation of the 'Indian Customs Single Window Project' to facilitate trade. It envisages lodging import or export documents at a single point and obtaining permissions from other regulatory agencies (such as animal or plant quarantine, drugs controller, textile committee, etc) online, without the importer/exporter having to separately approach these. The single window would, thus, provide the importers/exporters a single point interface for customs clearance of import and export goods, thereby reducing interface with government agencies, dwell time and cost of doing business, says CBEC.
In another useful circular, CBEC has clarified that the newly introduced provision for deemed conclusion of proceedings against 'other persons' in a showcause notice will apply to persons on whom no demand of duty is envisaged. And, will be contingent upon the person to whom a showcause notice has been issued paying all the dues of duty, interest and penalty. The finance ministry has brought the Customs (import of goods at concessional rate of duty for manufacture of excisable goods) Rules and the Central Excise (removal of goods at concessional rate of duty for manufacture of excisable and other goods) Rules into effect from March 16, instead of April 1 as notified earlier. Further, the requirement of submission of security for availing the benefit under the said rules has been done away with. These new rules reduce the time for payment of differential duty on unutilised goods from six months under the earlier rules to three months. And, simplify the procedures by doing away with permissions and prescribing only an intimation to the authorities. These instructions and changes signify important steps towards overall ease of doing business.
SOURCE: The Business Standard
India has received the draft framework on the proposed economic and technology corporation agreement with Sri Lanka, the Indian envoy has said here, assuring that India will ensure that the deal benefits people of both countries. "Last week we have received the draft of the agreement prepared by Sri Lanka. India is currently studying it and a response will be sent," Indian High Commissioner Y K Sinha said during a visit to the central town of Kandy to meet with the Buddhist religious leaders based there. Sinha said that the Economic and Technology Corporation Agreement deal was proposed by Prime Minister Ranil Wickremesinghe when he visited India last September. He said that India has been given only the outline of the agreement and proper negotiations have not yet commenced. The ETCA agreement seeks to boost cooperation in technical areas, scientific expertise and research amongst institutions, boost standards of goods and services able to compete on the global market and improve opportunities for manpower training and human resource development.
ETCA has become a political issue for the government with opposition and professional groups protesting against it, claiming that it would deny job opportunities for Sri Lankans with an influx of Indian job seekers to Sri Lanka. Opposition political parties in Sri Lanka have raised concerns about the agreement saying it will not benefit Sri Lanka. Sinha, however, assured that India will work with Sri Lanka to ensure that the agreement benefits "the people of both countries". The Indian envoy himself has come under fire from the opposition and professional groups who even suggested that he be expelled for his ETCA favoured comments. Sinha also talked about the proposed Indian ambulance service to be established in Sri Lanka. "All personnel nurses, paramedics and drivers will be Sri Lankan and they will be trained in Hyderabad," Sinha said.
SOURCE: The Economic Times
Union Finance Minister Arun Jaitley would visit Australia later this month with a high-powered business delegation of CII and speak at the SP Jain School of Global Management in Sydney on on March 29. This will be Finance Minister's first official engagement in Australia. The school is working in close consultation with the Indian High Commission and Consulate, the business school said in a statement. Jaitley's speech and the business delegation he will lead would be an emphatic assertion of India's keenness in engaging more strongly with Australian business and industry, it said. The school is also working with 3 partners for the event: CII, EY and the Australia-India Business Council. SP Jain School of Global Management is an Australian business school with campuses in Dubai, Mumbai, Singapore and Sydney.
SOURCE: The Economic Times
The next round of negotiations for the proposed mega trade deal, Regional Comprehensive Economic Partnership (RCEP), would take place in April in Australia. In the meeting, India is expected to press for greater market access in services sector, particularly easy movement of professionals, an official said. "The 11th round of talks was concluded last month in Brunei. The 12th round of negotiations is scheduled at Perth in Australia from April 22," the official said. Besides liberalisation of the services sector, the other issues, which may come up in the talks include matters related to goods tariffs. "In the goods sector, India has asked the members to fulfil their commitments as their current offers are not up to the level they have committed," the official added.
The Regional Comprehensive Economic Partnership (RCEP) is a mega trade deal which aims to cover goods, services, investments, economic and technical cooperation, competition and intellectual property rights. As part of its goods proposal, India has not offered any duty cut on steel to China, Australia and New Zealand in the proposed free trade agreement among 16 Asian members. The RCEP talks started in Phnom Penh in November 2012. The 16 countries account for over a quarter of the world's economy, estimated to be more than USD 75 trillion. The RCEP deal is also important amidst the Trans Pacific Partnership (TPP) agreement led by the US. Indian industry is apprehensive that TPP would impact Indian exports. India already has free trade agreements (FTAs) with the Asean grouping, Japan and South Korea. India has offered to open its market the most for Asean countries -- with which it has an FTA in place -- and has proposed to eliminate duties or tariffs on 80 per cent of items for the 10-nation bloc. Similarly, for Japan and South Korea, it has offered to open up 65 per cent of its product space. For Australia, New Zealand and China, Delhi has proposed to eliminate duties on only 42.5 per cent of products. As India does not have any kind of FTA with these three countries, its offer is less. The 16-member bloc RCEP comprises 10 Asean members (Brunei, Cambodia, Indonesia, Malaysia, Myanmar, Singapore, Thailand, the Philippines, Laos and Vietnam) and their six free trade agreement partners -- India, China, Japan, South Korea, Australia and New Zealand.
SOURCE: The Economic Times
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 38.57 per barrel (bbl) on 18.03.2016. This was higher than the price of US$ 38.05 per bbl on previous publishing day of 17.03.2016.
In rupee terms, the price of Indian Basket increased to Rs 2568.88 per bbl on 18.03.2016 as compared to Rs 2544.87 per bbl on 17.03.2016. Rupee closed stronger at Rs 66.61 per US$ on 18.03.2016 as against Rs 66.88 per US$ on 17.03.2016. The table below gives details in this regard:
|
Particulars |
Unit |
Price on March 18, 2016 (Previous trading day i.e. 17.03.2016) |
Pricing Fortnight for 16.03.2016 (26 Feb to 11 Mar, 2016) |
|
Crude Oil (Indian Basket) |
($/bbl) |
38.57 (38.05) |
34.82 |
|
(Rs/bbl |
2568.88 (2544.87) |
2356.62 |
|
|
Exchange Rate |
(Rs/$) |
66.61 (66.88) |
67.68 |
SOURCE: PIB
Japan and Vietnam, at a joint committee meeting in Hanoi on Saturday, agreed to work together for the promotion of the textile industry in Vietnam. The agreement is aimed at dealing with an expected increase in Vietnamese textile exports to the United States once the Trans-Pacific Partnership free trade agreement enters into force. Japan, Vietnam and the United States are among the 12 nations that signed the TPP deal earlier this year. At the first meeting of the Joint Committee between Japan and Vietnam on Cooperation in Industry, Trade and Energy, the two countries also agreed to start an industrial policy dialogue at an early date and discuss specific measures. Economy, Trade and Industry Minister Motoo Hayashi expressed Tokyo’s hope of expanding bilateral trade and promoting Japanese companies’ investment in Vietnam. “By using this committee as a springboard, we want to advance economic relations between Japan and Vietnam to a new stage,” he said. The two countries’ governments agreed in July last year to establish the committee for strengthening bilateral economic cooperation.
At Saturday’s meeting, Japan reaffirmed its support for the construction of a nuclear power plant in southern Vietnam’s Ninh Thuan Province, based on the lessons learned from the March 2011 nuclear accident at Tokyo Electric Power Co.’s Fukushima No. 1 plant. Hayashi became the first Japanese Cabinet minister to visit Vietnam after the country’s ruling Communist Party unveiled its new leadership at the 12th National Congress in January. On Saturday, Hayashi met with Vietnamese Deputy Prime Minister Nguyen Xuan Phuc, who is set to become prime minister, and exchanged opinions about the strengthening of the two countries’ relations based on their strategic partnership. Hayashi was to visit a Japanese-affiliated convenience store in Ho Chi Minh City on Sunday, hoping to find out what could be the challenges for Japanese companies expanding business in Vietnam in the future. Under the TPP, restrictions on foreign investment in Vietnam’s retail industry will be eased.
SOURCE: The Japan News
From ready-to-wear knits manufactured instantly to customised dresses produced on inkjet printers, Japan’s apparel industry is turning to state-of-the-art technology in a bold bid to cut labour costs and secure its future. At manufacturing giant Shima Seiki’s factory in western Japan, garments materialise in minutes, thanks to digitally-programmed automated machines that can turn out a sample seam-free pullover in half an hour with a push of a button. The WholeGarment system patented by the Japanese manufacturer and sold to knitwear companies like Italian luxury brand Max Mara includes a digital design system that allows users to choose patterns, colours and cuts. Originally known for glove-making machinery, Shima Seiki took a technological leap in the 1990s in an effort to revive the flagging fortunes of Japanese apparel manufacturers. “Everyone was going overseas to cheaper destinations for manufacturing and we wanted to stop that from happening,” said Kenji Iwamoto of Shima Seiki. The WholeGarment system allows one worker to operate 10 machines — thereby lowering labour costs — and uses limited raw material to create seam-free garments that generate no waste, since they require no cutting or sewing.
After a slow start that saw around a dozen brands from Japan and Italy sign up the first year, today some 800 companies — nearly half of them Japanese — have jumped on board, contributing to Shima Seiki’s 60 per cent share of the global market for knitting machines. The initiative is part of a push by Japan’s knitwear industry to capitalise on its technical know-how to create garments that cannot be replicated elsewhere at a lower cost. For young knitwear designers like Motohiro Tanji and Ken Oe, manufacturing outside of Japan isn’t an option. “It’s easier for me to work with Japanese manufacturers,” Tanji told AFP after his show at Tokyo Fashion Week. “My designs are complicated and demand a high level of technical skill which I can find here,” said Tanji, who relies on Japanese factories to produce his sculptural, sophisticated knits. Designer Oe’s label Coohem emerged out of a push to save his grandfather’s textile company, Yonetomi, which had been in the throes of a decline since the 1990s recession. Oe joined the company six years ago and introduced an emphasis on using digital tools to create intricate high-fashion tweed suits that are now stocked at leading stores, including New York-based Jeffrey and Harvey Nichols in Hong Kong. “We use about five yarns at a time to design original textiles... [which] other brands cannot copy,” Oe told AFP.
One of a kind
The focus on technique and technology has already paid off, with Japan’s knitwear sector registering a 40 per cent increase in exports over a 10-year period beginning in 2006, a rare bright spot in an otherwise dismal picture for textile and apparel exports from the country. Recognising the need for reinvention in the apparel sector, Japanese textile company Seiren, known more for manufacturing curtains and car interiors, is now fusing fashion and digital know-how to launch a customised clothing line for the masses.
SOURCE: The Hindu
Belarusian knitwear sector plan to increase sales and expand export geography making use of large scale modernization, new collection and innovative tailoring technique. A new approach in marketing and creating brand stores can increase sales volumes in the domestic market. Soligorsk can rightly be called the center of light industry. In recent years, the company has passed large-scale modernization. The change took place in several stages. Recently it changed the marketing strategy of enterprises of light industry in order to increase sales and expand the network of brand shops and sections. The natural fabrics are liked by consumers from Central Asia, Middle East and Western Europe. Now manufacturers of textiles and knitwear are actively preparing for the summer season.
SOURCE: Yarns&Fibers
Kenya plans to set up investors at the shores of Lake Naivasha near geothermal plants to cut the cost of electricity and offer subsidies in order to compete with her neighbouring countries, said Mr. Mohamed on Thursday when he met a trade delegation composed of investors from China, the US, Australia, the Netherlands and Bangladesh who will also be visiting Tanzania and Ethiopia. Kenay are going to set them up near the geothermal plant where power is much cheaper since it is at the source. Ethiopia is the leading investor destination of choice because of low labour costs with low minimum wage (Sh6,000). Furthermore, it is easier for foreigners to obtain work permit in the country. Ethiopia also has low electricity prices and the government is building a separate grid for new industrial zones currently under development.
Following the extension of the African Growth and Development Act (AGOA) trade agreement with the USA for the next ten years, Kenya has been tipped to enjoy a boom as companies in the apparel industry target the East African economies to enjoy the duty free access to America. A survey by McKinsey and Company shows that East Africa--in particular, Ethiopia, Kenya, Tanzania, and Uganda have the potential to trade Sh300 billion in the garments and apparel industry by 2025. In 2013, these four countries' apparel exports totaled only Sh34 billion. Structural shift in the global apparel industry looks to move factories from China and South-East Asia in response to rising labour costs. Even though Kenyan workers demand twice as much in wages as Ethiopians they are still far below labour wages in East Asia making the East Africa's largest economy attractive. Kenya's monthly wages for textile workers are Sh12,240 - Sh15,300 (US$120-150), less than a third of China's average of Sh51,000 (US$500). Mr Mohamed further added that Epic Designs and CNH Apparel have already committed to take up 300 square feet of space at Athi river.
VF Corporation a Worldwide Apparel and Footwear Company with more than 30 brands, 60,000 associates and US$12.3 billion in revenue has organized a 15 member delegation to engage the government and the private sector in order to understand the investment opportunities available in the manufacturing of textiles and apparels. VF Corporation Kenya expects to set up a major industrial park in the next two years at Naivasha which will serve as the main location for textile and apparel industries.
SOURCE: Yarns&Fibers
The Taiwan Textile Federation is a global leader in coordinating an industry of multiple markets and end uses after its first promotional campaign at ISPO Munich trade fair that took place this January is now planning to promote the country’s textile industry at the upcoming SaigonTex that will be held from 30 March to 2 April at the Saigon Exhibition & Convention Center (SECC), in Ho Chi Minh City, Vietnam. Under the slogan Think Taiwan for Textiles, it plans to display all kinds of textiles samples at the exhibition, including eco-textiles, functional and fashion textiles, dyes, and trimmings. Internationally recognised brands like Nike, The North Face, Adidas, Jack Wolfskin, VF Corp, Columbia, Lululemon, Under Armour and others rely on Taiwanese companies for innovation and sustainability.
The Taiwanese textile industries have been long time leaders in the development of environmentally friendly concepts, recycled polymer and polymer blends.Many companies and leading brands rely on recycling elements for developing their unique products. S’Café developed by Singtex, for example, uses recycled coffee grounds to enhance polyester textiles with coffee’s natural ability to block odours. Da-Ai has developed a collection of yarns, fabrics and garments based on recycled plastic bottles that are all collected in Taiwan. Recycled yarn is playing an important role and is a core value in Taiwan textile industry, the Federation reports.
Taiwan is the undeniable global leader in the adoption and expansion of Bluesign designation. Bluesign designation is a commitment that encompasses an ongoing process and promise to manufacture and develop the most sustainable directional products and practices possible. Leading brands like Patagonia insist on bluesign certified mills for future development and participation as a core member of their supply chain. Taiwan takes the lead in this important direction. The trend for bluesign certification continues to grow, and Taiwanese textile companies are prepared to help facilitate the needs for those companies who take bluesign certification important to business and companies global citizenship footprint. Fashion, as part of function and eco-friendly textiles, is an important factor in Taiwan’s textile development. Fashion is taking on new meanings as smart textiles and wearable tech products flood our lifestyle. The proximity and close ties of the Taiwan technical products industry helps lead the way. Ranging from smart metallic yarns, heat sensitive colour phase finishes to heating and cooling textiles, the new innovations have helped develop new ideas of fashion and the potential seems limitless. Fashion in apparel and yoga inspired sportswear is evident as this market is expanding. New yarn developments allowing multiple looks and textures are driving innovation. Soft, crisp, vibrant or mellow, inspired market looks and touches are there. Mixtures of new technologies and fashion allow new design elements that were hard to imagine in the past.
The TTF will continue to serve the textile industry with self-initiative, aggressive, creative, and enthusiastic attitudes, to further the industry development and market extension. The Federation will also continue to assist the industry to develop toward a more knowledge-intensive, technologically advanced, and computerized industry. With the advancement, Taiwan’s textile industry will enhance its competitiveness, and firmly build up the foundation of sustainability and image of excellence.
SOURCE: Yarns&Fibers
