India’s export of textiles and garments showed a CAGR increase of 3.2 per cent in the last three years from Rs 2,47,546 crore in fiscal 2014-15 to Rs 2,63,494 crore in 2016-17. The foreign direct investment (FDI) equity inflow in the sector rose by 169 per cent from $230.13 million in 2015-16 to $618.95 million in 2016-17, says the ministry of textiles. To enhance investment, production and export in the textile sector, the government has launched a special package for the apparel and made-ups segments of the industry, minister of state for textiles Ajay Tamta informed the lower house of Parliament. The package includes enhanced duty drawback coverage, rebate of state levies on export of garments and made-ups, additional incentives under Amended Technology Upgradation Fund Scheme (ATUFS) and Scheme for Production and Employment Linked Support for Garmenting Units, Pradhan Mantri Paridhan Rojgar Protsahan Yojana (PMPRPY) and incentives under the Income Tax Act, the ministry said in a press release. The FDI equity inflow in this sector in April-May in the current fiscal was $ 21.41 million, he said. The export of readymade garments increased from $16,216 million in 2014-15 to $17,091 million in 2016-17, whereas in the same period the export of cotton textiles, man-made textiles, silk, wool and woollen textiles, and handloom and jute products witnessed a decline.
Source: Tecoya Trend
FDI inflows have trebled in the fiscal year 2016-17 as the sector managed to receive $619 million during this period. The textile sector in the country has registered huge Foreign Direct Investment (FDI) inflows, according to Investment India, an initiative of the Centre to attract FDI. In 2013-14, the textile sector registered $194 million FDI inflows that have trebled in the fiscal year 2016-17 as the sector managed to receive $619 million FDI inflows during this period. “Textile, one of the oldest industries in the Indian economy dating back several centuries, is witnessing huge FDI inflows. Increasing FDI is a reason to cheer for the sector which currently contributes about 14% to industrial production, 4% to GDP, and 17% to the country’s export earnings, according to the Annual Report 2016-17 of the Ministry of Textiles. The industry accounts for nearly 12% share of the country’s total exports basket,” Nilanjani Roy of Investment India, told The Sunday Guardian “FDI of up to 100% is allowed in the textiles sector through the automatic route. The FDI cell at the Economic Division of the Ministry of Textiles has also helped in attracting FDI in the textile sector,” Roy said. “Additionally, the government has taken various initiatives to promote the growth of the textiles industry in India. Some of these are Technology Up-gradation Fund Scheme (TUFS), the Scheme for Integrated Textile Park (SITP) and the Integrated Skill Development Scheme. TUFS is a flagship scheme of the Ministry of Textiles to leverage investments in technology up-gradation in the textiles and jute Industry, with a special emphasis on balanced development across the value chain,” Roy added. The Integrated Skill Development Scheme, promoted by Prime Minister Narendra Modi to address the need for trained manpower in the textile industry and related segments, has also contributed in a major way to the development of the sector. The huge FDI inflows in 2016-17 may surprise many, according to Roy. Roy said that the growth in FDI inflows into the textile sector has also led to growth in job prospects in the country. Currently, the textile industry employs about 51 million people directly and 68 million people indirectly and this is expected to grow further, Roy added. The Indian textiles industry is extremely varied, with hand-spun and hand-woven textiles at one end of the spectrum, and capital intensive sophisticated mills at the other end. Some of the other initiatives taken by the Modi government to further promote the industry include introduction of a mega package for the powerloom sector, including social welfare schemes, insurance cover, cluster development, and upgradation of obsolete looms. The Ministry of Textiles has also signed a memorandum of understanding with over 20 e-commerce companies, aimed at providing a platform to artisans. The government has also announced a slew of labour-friendly reforms.
Source: Sunday Guardian
LUDHIANA: Under the Micro Small and Medium Enterprises (MSME) cluster intervention program, Apex Cluster Development Services of Small Industries Development Bank of India (SIDBI) a program was organised by Apex cluster development services with Apparel industry on the issue of Working Women Hostel. The programme was was Innaugrated by Jagbir Singh sokhi, Ex- Chairman,Ludhiana Planning Board, Ludhiana. Speaking on the ocassion he said that the industrial units can compete in the world only if they get Skilled labour, especially women workforce. SS Bedi, Cluster Development Manager while welcoming the chief guest and other dignitaries provided the details for the cluster intervention programme for the Apparel Industry. He said that this program will help the Apparel Industry to get the Skilled labour from the near by villages as they shall be having secure hostel Facilities available for the Women Workers. SS Rekhi, Functional Manager District Industries Centre, Ludhiana given the details of the Land which can be provided with the permission by the State Government. In the discussions , industrialists including Vinod Thapar Chairman, Knitwear Club ,Ludhiana and Charanjv Singh Secretary, Shawl Club underlined the need for women hostels in Ludhiana and Punjab and also said that presently the facility is lacking which is a hurdle in encouraging women of other cities, towns and villages to take up employment in the industrial cities like Ludhiana. Ajit Lakra, President,Knitters Association also raised point for setting up of Hostel. Meanwhile Vipan Vinak President,Knit and apparel Manufacturers association, Sk Salwan President and Atul Saggar General Secretary of Apparel Manufacturers Association of India, Rajveer Singh, Prashant Sood and Sagnik Lahiri were also present in the meeting.
Source: The Times of India
There is a rekindled optimism on structural reforms in the Indian economy, says Economic Survey 2016-17 Volume 2 tabled in Parliament today. Various factors such as launch of the GST; positive impacts of demonetisation; decision in principle to privatise Air India; and further rationalisation of energy subsidies contribute to this optimism. The document adds that a growing confidence that macro-economic stability has become entrenched is evident because of a series of government and RBI actions and also because structural changes in the oil market has reduced the risk of sustained price increases. Examining if India is undergoing a structural shift in the inflationary process toward low inflation, the Survey notes that the oil market is very different today than a few years ago in a way that imparts a downward bias to oil prices, or at least has capped the upside risks to oil prices. Also Farm loan waivers could reduce aggregate demand by as much as 0.7 per cent of GDP, imparting a significant deflationary shock to an economy. As regards Outlook for Growth 2017-18, Survey (Volume I) had forecast a range for real GDP growth of 6.75 per cent to 7.5 per cent for FY 2018. For Outlook for Prices & Inflation 2017-18, the Survey notes the outlook for inflation in the near-term will be determined by a number of proximate factors, including the outlook for capital flows and exchange rate which in turn will be influenced by the outlook and policy in advanced economies, especially the US; the recent nominal exchange rate appreciation; the monsoon; the introduction of the GST; the 7th Pay Commission awards; likely farm loan waivers; and the output gap. The document says that the fact that current inflation is running well below the 4 per cent target, suggests that inflation by March 2018 is likely to be below the RBI’s medium term target of 4 percent. As regards Review of Economic Developments 2016-17, the Survey notes that real economy grew by 7.1 per cent in 2016-17 compared with 8 per cent the previous year. This performance was higher than the range predicted in the Economic Survey (Volume I) in February. The current account deficit narrowed in 2016-17 to 0.7 per cent of GDP, down from 1.1 per cent of GDP the previous year, led by the sharp contraction in trade deficit which more than outweighed the decline in net invisibles. Export growth turned positive after a gap of two years and imports contracted marginally, so that India’s trade deficit narrowed to 5.0 per cent of GDP in FY 2017 as compared to 6.2 per cent (US$ 130.1 billion) in the previous year.
Source: Fibre2Fashion
The introduction of Goods and Services Tax (GST) aims to bring the informal sector under the ambit of formal economy. The GST framework captures every transaction from end to end, recording them from source to final destination, leaving no room for uncertainty while promoting transparency and corruption-free business environment, according to a minister. The GST would enhance the tax base eventually leading to reduction in tax rates. The increased revenue from taxes would enable targeted spending towards betterment of poor, old, children and women and other deprived sections of the society. Besides, the government would be able to develop better infrastructure, said Piyush Goyal, minister of state (I/C), power, coal, new & renewable energy and mines, at a session on ‘GST-The Indian Economy & the Way Ahead’ organised by FICCI Ladies Organisation (FLO). Goyal also said that GST would create a level playing field by removing discrepancies from the system with the help of technology. Earlier, with multiple taxes in place, it was easier to evade taxes but the GST framework makes it necessary for businessmen to record each transaction. He also urged women to promote and become the harbingers of GST. Referring to different tax slabs in GST, Goyal added that one tax for the entire range of goods and services would have created an imbalance in the economy by making common goods expensive. Therefore, with different tax rates, the government attempted to keep the tax on common goods lower or equal to earlier regime wherever possible to keep them affordable. “With this session, we aim to empower women with enhanced knowledge on GST and the implementation of it in business as also daily lives. This is in sync with the vision of FLO, which is to Change Lives - Women Empowering Women as also with our mission to promote economic empowerment and equal opportunity for women,” said Vasvi Bharat Ram, president, FLO. “FLO believes that the resources and strengths of women need to be channelised, to help their full potential. It acts as a catalyst for the social and economic advancement of women and society at large. Educational and vocational training programmes, talks, seminars, panel discussions and workshops on a vast range of subjects especially concerning women and business are a part of this process,” added Bharat Ram. She also said, “While we are happy that goods such as bindi, sindoor, kajal, bangles, which are specifically used by women, come under no tax slot. But, sanitary products, that are useful to every woman but is not accessible as widely has been made tougher to access because of its hiked up tax rate. This is something that we would request the government to look into as sanitary pads are not a luxury, it is a necessity for women.”
Source: Fibre2Fashion
Out of 682 Indian textile mills closed as on June end this year, 232 were in Tamil Nadu, 85 in Maharashtra, 60 in Uttar Pradesh and 42 in Haryana. Among the 1,399 operational textile mills, 752 were in Tamil Nadu, followed by 135 in Maharashtra and 112 in Andhra Pradesh, textiles minister Smriti Irani informed the lower house of parliament recently. Noting that the textile industry has attracted the highest foreign direct investment under the present government, she said the goods and services tax (GST) and labour reforms have been welcomed by the industry, according to a news agency report. On new schemes initiated by the government to set up textile mills, the minister said under the Amended Technology Upgradation Fund Scheme (ATUFS) launched in 2016, a one-time capital subsidy of 15 per cent for the garments and technical textiles segments is offered with a cap of Rs 30 crore. A 10 per cent capital subsidy is also offered for segments like weaving, processing, jute, silk and handloom with a subsidy cap of Rs 20 crore for setting up new textile units or for expansion of existing units with benchmarked technology.
Source: Fibre2Fashion
Extent of fibre crop cultivation is 17.84 lakh hectares, more than half of 34.42 lakh hectares covered by all crops, says government. The increase in the extent of cotton cultivation this kharif in Telangana, up by over 26.5% compared to last year, has made the State government plan arrangements for the procurement of the fibre crop well in advance, keeping in mind the experience it had last year in the case of redgram, chilli and turmeric. In the absence of any advisory from the State government, the poor market price for alternative crops such as pulses, maize and soyabean last year, and the favourable seasonal conditions, the farming community has taken to cotton cultivation on a large scale this season. The Agriculture Department has put the extent of cotton cultivation this season at 17.84 lakh hectares, more than half of the 34.42 lakh hectares covered by all crops so far, against 14.10 lakh hectares last year.
Good prices
“Another major reason that has driven the farmers to go for cotton this year is the good price commanded by the crop last year — better than the minimum support price of Rs.4,160 per quintal”, a senior official said. The Centre has already fixed the MSP at Rs.4,320 per quintal for long-staple variety of cotton this year. Failure of the crop in the northern and western parts of the country due to drought conditions and the pest attack in Pakistan last year had jacked up the prices of the fibre crop in the national markets and for exports. However, an advisory issued by the Telangana government suggesting that the farmers go for alternative crops in the wake of cotton farmers’ suicides a year earlier, had restricted the cultivation of the crop to only 14.10 lakh hectares. “Minister for Marketing T. Harish Rao made a representation recently to Chairman and Managing Director of the Cotton Corporation of India (CCI) M.M. Chockalingam requesting him to increase the number of procurement centres to 150 in the wake of increase in production this year,” Secretary (Agriculture) C. Parthasarathi said. He added that the marketing department had been directed to prepare an action plan for cotton procurement year before August-end. The CCI operated 84 procurement centres in the State last year against 90 planned ones. The State government urged it to add another 66 centres this year. A representation has also been made to Union Textiles Minister Smriti Irani on the matter. Meanwhile, State president of Bharatiya Janata Party (BJP) K. Laxman said here on Saturday that the Union Minister had agreed to direct the CCI to set up 54 more procurement centres in the current year in addition to the 90 sanctioned last year. Official sources said they would be extra cautious from day one of cotton arrivals this year, likely to happen from October, keeping in mind the unprecedented protests from chilli and turmeric farmers last year due to a slump in the prices. Redgram procurement was far more smooth compared to other crops. On the other hand, the Agriculture Department is worried about the cotton cultivation eating into pulses by 2.19 lakh hectares and that of maize and soyebean by another 2.31 lakh hectares this year compared to the last kharif season.
Source: The Hindu
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$ 50.33 per barrel (bbl) on 11.08.2017. This was lower than the price of US$ 51.82 per bbl on previous publishing day of 10.08.2017. In rupee terms, the price of Indian Basket decreased to Rs. 3229.91 per bbl on 11.08.2017 as compared to Rs. 3313.36 per bbl on 10.08.2017. Rupee closed weaker at Rs. 64.17 per US$ on 11.08.2017 as compared to Rs. 63.94 per US$ on 10.08.2017. The table below gives details in this regard:
|
Particulars |
Unit |
Price on August 11, 2017 Previous trading day i.e. (10.08.2017) |
|
Crude Oil (Indian Basket) |
($/bbl) |
50.33 (51.82) |
|
(Rs/bbl) |
3229.91 (3313.36) |
|
|
Exchange Rate |
(Rs/$) |
64.17 (63.94) |
Source: PIB
Guntur: Cotton cultivating area increased in the State during this year by 98,703 hectares due to increase in cotton price in the last season and reduction in price of chillies.So far farmers cultivated cotton in the State in 4,04, 816 hectares as against 3,06,113 hectares during the same period last year.
Highlights:
• The area of cultivation has gone up from 3,06,113 hectares last year to 4,04,816 hectares this year
• As chilli farmers suffered losses last year, some of them have opted for cotton crop this year
• Kurnool stands first in cotton cultivation with the crop being cultivated in 1,74,395 hectares this year as against 1,16,690 hectares last year While, the farmers in Kurnool district cultivated cotton in 1,74,395 hectares so far and stood first in the State as against 1,16,690 hectares during the same period last year. In Guntur district, cotton sowing operations have been completed in 1,22,480 hectares so far, as against 97,937 hectares during the corresponding period last year. Cotton sowing area increased this year due to increase in demand during the last season. Cotton was sold at Rs 6,000 per quintal last year.Meanwhile, the chilli farmers who suffered heavy losses due to reduction in price last year, shifted to cotton. As a result, the cotton sowing increased by about one lakh hectares in the State. Meanwhile, the State government has distributed seeds to the cotton farmers who shifted to other crops at 90% subsidy to reduce cotton production. In Srikakulam, farmers cultivated cotton in 4,972 hectares as against 3,617 hectares last year. In Vizianagaram district, cotton sowing operations have been completed in 11,398 hectares as against 10,537 hectares during the same period last year. In East Godavari district, farmers cultivated cotton in 11,466 hectares so far, as against 9,761 hectares during the same period last year. In West Godavari district, cotton farmers completed sowing in 2,877 hectares, as against 2,862 hectares during the corresponding period last year.The farmers in Krishna district so far cultivated cotton in 43,227 hectares as against 36,387 hectares during the same period last year. Similarly in Prakasam district, the cotton farmers so far completed sowing in 9,703 hectares as against the 4,621 hectares during the last year, whereas in P S Nellore district, farmers cultivated cotton in 3,589 hectares as against 2,055 hectares during the same period last year. In Chittoor district, the farmers raised cotton in 143 hectares as against 53 hectares during the last year. Similarly, in YSR Kadapa district, the farmers cultivated cotton in 10,774 hectares as against 5,777 hectares during the last year. However in Anantapur and Visakhapatnam, the area of cotton cultivation has gone down when compared to last year. In Anantapur, the farmers cultivated cotton in 9,146 hectares as against 14,417 hectares last year. Similarly, in Visakhapatnam, cotton was sown in 646 hectares as against 1,399 hectares last year. Commissioner of Agriculture Dr M Hari Jawaharlal said," Farmers have sown cotton in 4,04,816 hectares in the state so far as against 3,06,113 hectares last year. Comparing to last season, this year cotton sowing area increased in the state due to increase of cotton price during the last season,”. In order to prevent farmers from going for excess cultivation of cotton, the government has decided to provide seeds of other crops at 90 per cent subsidy. “We have motivated the farmers who cultivated chillies not to shift to cotton to reduce the cotton yield. We have distributed seeds on subsidy to the cotton farmers who shifted to other crops," Hari Jawaharlal said.
Source: The Hans India
CHENNAI: To make textile processing units of Tirupur, which is India’s textile valley, become environmentally sustainable and achieve zero liquid discharge, scientists of Gujarat-based Central Salt and Marine Chemicals Research Institute (CSIR-CSMCRI) have helped set up the State’s first common effluent treatment plant (CETP) in Chinnakarai, which will separate sodium chloride and sodium sulphate from solid residue. Over the years, the solid residue from the textile units has piled up to the extent of 6,000 tons and is going to landfills posing a major environmental hazard. The textile dyeing units in Tirupur and surrounding districts have been facing heat for polluting the environment and the Madras High Court in 2011 ordered closure of all units which violated pollution norms and asked the units to achieve zero liquid discharge. The region has over 600 textile processing industries and several common effluent treatment plants (CETP) are operating to manage the waste water discharged from these industries. Amitava Das, the director, CSMCRI, told Express that waste water (effluent) generated from textile processing contains sodium chloride and sodium sulphate as a major contaminant. After primary and secondary treatment, the high TDS (total dissolved solid) effluent is processed for recovering and recycling the water back to the industries and the associated solid residue was used for land filling. Since 2000, textile units are partly meeting their requirement of sodium sulphate by recovering the same through adiabatic crystallization system, implemented by M/s Chemprocess Systems P. Ltd, (CPSPL). This initiative helped to reduce about 70 per cent load of land filling solids ( a mixture of sodium chloride and sodium sulphate). However, such operation over the years resulted in an accumulation of a large quantity of land filling solids having an approximate composition of 30 per cent sodium chloride and 70 per cent sodium sulphate. Since both of these salts are already needed for textile processing, albeit in pure form, the thought was originated by Chinnakarai CETP in association with Tamil Nadu Water Investment Company Limited (TWICL) to separate and reuse the same, he said. “With this objective, the Dyers Association of Tirupur (DAT) approached us. We developed the process for separation of sodium chloride and sodium sulphate in useable purity based on differential solubility behaviour and demonstrated the process successfully in the laboratory as well as in pilot plant. After the successful pilot-scale demonstration, the Chinnakarai CETP decided to implement the technology. Subsequently, a commercial scale project for separation and recovery of sodium chloride and sodium sulphate from textile processing effluents based on CSMCRI technology know-how has been set up,” he said. When contacted, M Shanmugasundram, managing director, Chinnakarai CETP, told Express that the upgradation process was over and the plant was in pre-commissioning stage and will be operational in a week’s time.
Source: The New Indian Express
WARANGAL: Decks have been cleared for the launch of much-awaited Rs 1,150 crore Integrated Textile Park, proposed to be set up between Geesukonda and Sangem mandals of Warangal (Rural) district. Chief Minister K Chandrasekhar Rao will lay the foundation stone for the mega textile park on August 16. Infrastructure Leasing & Financial Services company, which was entrusted with the task of preparing Detailed Project Report(DPR) for the project, reportedly readied the DPR. The DPR would be submitted to the state government, soon. The project already got much needed environmental clearance last month itself. Coming up on a sprawling 1,190 acre campus, the mega Textile Park is expected to attract investments to the tune of Rs 11,500 crore and provide direct or indirect employment to 1.13 lakh people. Although the project has been in the pipeline for many years, it was finally given a push by the present government. The proposed textile park would have Fibre to Fabric (end-to-end) facility, with ginning, spinning, weaving, processing and garmenting processes. While textile parks in different parts of the country are engaged in manufacturing specific categories of garments, the park in Warangal will cover all segments. The state government has plans to connect all the spinning units both handlooms and power looms to the textile park. Telangana produces 60 lakh bales of cotton, but the consumption by the local mills is just around 10 lakh bales. The surplus is offloaded in States such as Tamil Nadu and other neighbouring states. Warangal produces huge quantities of cotton District officials are interacting with the members of Warangal Chamber of Commerce on the proposed textile park and explaining them the advantage of setting up units in the textile park. The officials are assuring to provide all the necessary permissions in the shortest possible time to the investors. Director of handlooms and textiles Shailaja Ramaiyer, during her visit to the city held discussions with textile industries representatives and assured them that they would be provided incentives to develop their units in the park. Even industries minister KT Rama Rao is promoting textile park. Warangal, which produces a large quantities of cotton and has number of spinning mills, is expected to get boost with the set up of this mega textile park. Leading textile mills are expected to set up their anchor units in the textile park. The park is expected to be ready in a period of nine to 12 months and the textile units are likely to start production thereafter. Chennai based PSG and Department of Handlooms and Textiles and Apparel Export Parks had inked an agreement, with the former undertaking to provide technical assistance in skill development and training and R&D support for technological upgradation. The park to come up on 1,190 acres 33 spinning mills in TS Total project cost Rs 1,150 crore. To attract investments to the tune of F11, 500 crore and provide direct or indirect employment to 1.13 lakh people Obtained environmental clearances TS produces 60 lakh bales of cotton Consumption by local mills around 10 lakh bales. About 10 lakh bales produced in erstwhile Warangal alone 33 spinning mills operating in TS with 20 lakh spindler capacity How TS will benefit? Around four to five lakh workers migrated to Solapur, Bhiwandi to work on looms there The state is expecting reverse migration of the migrated loom-workers Cotton farmers in the state will find remunerative prices, once the consumption increased within state TS is expecting huge investments from outside the state. The farmers, workers and merchants will find work and revival rural economy
Source: The New Indian Express
|
Item |
Price |
Unit |
Fluctuation |
Date |
|
PSF |
1209.08 |
USD/Ton |
0.75% |
8/13/2017 |
|
VSF |
2374.66 |
USD/Ton |
0% |
8/13/2017 |
|
ASF |
2220.15 |
USD/Ton |
0% |
8/13/2017 |
|
Polyester POY |
1192.58 |
USD/Ton |
0% |
8/13/2017 |
|
Nylon FDY |
3165.21 |
USD/Ton |
0% |
8/13/2017 |
|
40D Spandex |
5175.35 |
USD/Ton |
0% |
8/13/2017 |
|
Polyester DTY |
3270.22 |
USD/Ton |
0% |
8/13/2017 |
|
Nylon POY |
5670.38 |
USD/Ton |
-0.53% |
8/13/2017 |
|
Acrylic Top 3D |
1421.34 |
USD/Ton |
0% |
8/13/2017 |
|
Polyester FDY |
2880.19 |
USD/Ton |
0% |
8/13/2017 |
|
Nylon DTY |
2400.16 |
USD/Ton |
0% |
8/13/2017 |
|
Viscose Long Filament |
1492.60 |
USD/Ton |
-1% |
8/13/2017 |
|
30S Spun Rayon Yarn |
3000.20 |
USD/Ton |
0% |
8/13/2017 |
|
32S Polyester Yarn |
1789.62 |
USD/Ton |
0% |
8/13/2017 |
|
45S T/C Yarn |
2796.19 |
USD/Ton |
0% |
8/13/2017 |
|
40S Rayon Yarn |
1935.13 |
USD/Ton |
0% |
8/13/2017 |
|
T/R Yarn 65/35 32S |
2325.16 |
USD/Ton |
0% |
8/13/2017 |
|
45S Polyester Yarn |
3165.21 |
USD/Ton |
0% |
8/13/2017 |
|
T/C Yarn 65/35 32S |
2310.15 |
USD/Ton |
0% |
8/13/2017 |
|
10S Denim Fabric |
1.39 |
USD/Meter |
0% |
8/13/2017 |
|
32S Twill Fabric |
0.86 |
USD/Meter |
0% |
8/13/2017 |
|
40S Combed Poplin |
1.20 |
USD/Meter |
0% |
8/13/2017 |
|
30S Rayon Fabric |
0.68 |
USD/Meter |
-0.22% |
8/13/2017 |
|
45S T/C Fabric |
0.70 |
USD/Meter |
0% |
8/13/2017 |
Source : Global Textiles
Note: The above prices are Chinese Price (1 CNY = 0.15001 USD dtd. 13/8/2017). The prices given above are as quoted from Global Textiles.com. SRTEPC is not responsible for the correctness of the same.
THE number of cotton growers in the NSW Riverina will soar by 30 per cent this season as the fibre continues its march into the southern region of NSW. Several industry sources told The Weekly Times there would be about 50-60 new cotton growers this season in the Murrumbidgee, Lachlan and Murray valleys. This has been backed by data from Monsanto, which registers any farmers growing its popular genetically modified cotton. Monsanto spokesman Luke Sampson said 57 new growers had been accredited to grow GM cotton this year, including six in the Murray system — traditionally a strong rice-growing region. He said there were seven new growers registered from the Lachlan system and 44 in the Murrumbidgee valley, a number that was a “real surprise”, Mr Sampson said. And one cotton trader told The Weekly Times about 80 per cent of these new growers had taken out some forward contracts, indicating their confidence. Cotton is a relatively new industry in the Riverina: 13 years ago only 1200 hectares were produced, but last season Cotton Australia estimated about 58,000ha were harvested. Darlington Point grower and Cotton Australia director Peter Tuohey said at the recent Cotton Collective conference in Griffith the rise in Riverina cotton plantings had been “nothing short of meteoric”. However he said “it’s all about water availability” and the Murray, Murrumbidgee and the Lachlan systems were looking positive after a wet year last year. Cotton Australia chief executive Adam Kay said he was “excited with the potential for the southern cotton industry”. He said next season Webster-owned Tandou Station would grow its last cotton crop, after it sold its water entitlements from the Menindee system to the Federal Government. But despite taking 6000ha out of the cotton grown in the area, Mr Kay said “that’s going to be more than made up with by new growers in the future”. Kate O’Callaghan, general manager of one of the new Riverina cotton gins, Southern Cotton, said growers were making the choice to grow cotton based on returns per megalitre of water, good marketing options and better varieties for the cooler southern region. “In Murrumbidgee we have certainty of water allocations, there are good dam levels and groundwater, plus you can market your crop four years ahead,” she said. Noorong rice grower Michael Chalmers said cotton was taking away some country from rice, but his soils were more conducive to rice and he planned to plant a similar rice crop to last year.
Source: The Weekly Times
ADDIS ABABA- Ethiopia's textile and Garment sector export revenue during the Ethiopian Fiscal Year 2016/17 that ended on July 8, only achieved a third of planned revenue. The East African country earned 89.3 million US dollars out of a planned 271 million US dollars during the Fiscal Year. Speaking to Xinhua on Saturday, Assefa Tesfaye, Corporate Communications Director at Ethiopia Ministry of Industry (MoI) says insufficient supply of manufacturing inputs, delay in commissioning of several industries contributed to the underachievement. Ethiopia is building or has commissioned more than a dozen industrial parks across the country with a view to become a light manufacturing hub in Africa by 2025 especially in textile and garments. It in particular had its ambitions set on the Hawassa Industrial Park, 275 kms south of Addis Ababa to revolutionize its budding textile and garment sector. However, the ministry said a lag in commissioning of some textile and garment plants in the Hawassa Industrial Park contributed to the disappointing export result of the sector. Built by China Civil Engineering Construction Corporation, Hawassa Industrial park was inaugurated in July 2016, with already 18 companies having started operations inside the industrial park. Six of them are currently exporting their textile and garment products to the global market. Once operational at its full potential, the park is expected to generate 1 billion US dollars for Ethiopia mainly from textile and garment products.
Source: Xinhua
Chinese textile firms are increasingly using North Korean factories to take advantage of cheaper labor across the border, Reuters reports, citing traders and businesses in the border city of Dandong. The clothes made in North Korea are labeled “Made in China” and exported across the world, they said. Using North Korea to produce cheap clothes for sale around the globe shows that for every door that is closed by ever-tightening U.N. sanctions another one may open. The UN sanctions, introduced to punish North Korea for its missile and nuclear programs, do not include any bans on textile exports. “We take orders from all over the world,” said one Korean-Chinese businessman in Dandong, the Chinese border city where the majority of North Korea trade passes through. Like many people Reuters interviewed for this story, he spoke on condition of anonymity because of the sensitivity of the issue. Dozens of clothing agents operate in Dandong, acting as go-betweens for Chinese clothing suppliers and buyers from the United States, Europe, Japan, South Korea, Canada and Russia, the businessman said. “We will ask the Chinese suppliers who work with us if they plan on being open with their client — sometimes the final buyer won’t realize their clothes are being made in North Korea. It’s extremely sensitive,” he said. Textiles were North Korea’s second-biggest export after coal and other minerals in 2016, totaling US$752 million, according to data from the Korea Trade-Investment Promotion Agency. Total exports from North Korea in 2016 rose 4.6 percent to US$2.82 billion. Chinese exports to North Korea rose almost 30 percent to US$1.67 billion in the first half of the year, largely driven by textile materials and other traditional labor-intensive goods not included on the United Nations embargo list, Chinese customs spokesman Huang Songping told reporters. Chinese suppliers send fabrics and other raw materials required for manufacturing clothing to North Korean factories across the border where garments are assembled and exported. Manufacturers can save up to 75 percent by making their clothes in North Korea, said a Chinese trader who has lived in Pyongyang. Some of the North Korean factories are located in Siniuju city just across the border from Dandong. Other factories are located outside Pyongyang. Finished clothing is often directly shipped from North Korea to Chinese ports before being sent onto the rest of the world, the Chinese traders and businesses said.
Source: EJ Insight
Fashion Box, a new Chrome extension that aims to simplify the online shopping experience and help consumers skip the steps of saving clippings from their shopping inspiration, is now live for all online shoppers. The product launch of Fashion Box makes it possible to seamlessly shop online directly through pictures encountered while surfing the web. Borne from a passion for integrating responsive technology into web browsing and perusing, Fashion Box analyses in real-time photos that users encounter online, and finds the available items for them to purchase instantly from more than 534 shopping sites. Netanel Namdar, founder and owner of Fashion Box said, “Fashion Box works in the form of boxes. When a user hovers their mouse over any clothing item or accessory, a box will automatically appear and provide an option for a pop-up with shopping links. From that pop-up, the option of a more advanced pop-up contains additional shopping options, with filters for pricing and brands applied. The world of online shopping just got significantly smaller.” Fashion Box’s software automatically detects the IP location of the customer, so only the relevant shopping sites appear that can ship to their specific destination. This filter removes the unnecessarily wasted time searching retailers that don’t offer appropriate shipping options. Users can also filter the pricing of the shopping results, enabling them to control options according to their budgets. Namdar said, “The experience makes it easier than ever to find something very specific to a customer’s taste. Our mission is to revolutionise the way online shopping is conducted today. Now, everyone can save time and money in the process. Spread the word on our official software launch, and head on over to our website to learn more about Fashion Box’s capabilities.”
Source: Fibre2Fashion
The Fifth International Apparel Exhibition is scheduled to be held at Tehran’s International Fairground from September 4 to 7. The event has been organized with the aim of introducing Iran’s capabilities in the field of garment production. The Iranian apparel market is estimated to have an annual turnover of $12 billion, ILNA reported. According to the Headquarters for Combating Smuggling of Goods and Foreign Exchange, apparel tops the list of goods smuggled into Iran. Some $2.6 billion worth of clothes are imported into Iran every year and according to members of apparel unions, twice this amount is smuggled into the country. Textile, Apparel and Leather Industry Organization, affiliated to the Industries, Mining and Trade Ministry, said 90% of foreign garments in the Iranian market are contraband. Tehran Apparel Producers and Sellers Union recently launched a campaign called “I Proudly Wear Iranian Clothes” to support the production of Iranian clothing. “As long as we don’t trust Iranian clothes, we can’t expect a qualitative improvement in the apparel market,” Majid Talimi, a member of the union and head of the campaign, has been quoted as saying by the Persian daily Shahrvand.
Source: Financial Tribune
