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MARKET WATCH 5 DEC 2017

NATIONAL

INTERNATIONAL

CBEC calls for reality check to boost GST mop-up

NEW DELHI: Amid concerns over slowing goods and services tax (GST) collections, the Central Board of Excise and Customs (CBEC) has sought detailed field reports with a special focus on the top taxpayers. Finance secretary Hasmukh Adhia will review the revenue position with senior officials in the department on December 9. Field officers have been asked to submit a detailed analysis comparing tax payments, before and after GST was imposed, of the top 100 taxpayers in their jurisdictions as the government seeks to understand the reasons for collections slowing. The officials have been authorised to contact the assessees personally or even visit their premises. India’s GST collections in October fell to Rs 83,346 crore from a high of over Rs 92,000 crore in September. Moreover, the Centre’s share has been low after payment of compensation cess to states. The total central GST collection in the first four months of the new tax — July, August, September and October — has been Rs 58,556 crore. The government is looking to avoid any revenue shortfall as it’s keen to stick to the fiscal deficit roadmap while nurturing an economic revival. The government is looking to avoid any revenue shortfall as it’s keen to stick to the fiscal deficit roadmap while nurturing an economic revival. The fiscal deficit was at 96% of its full-year target by the end of October. ET has seen the letter sent by CBEC directing field officials to analyse GST collections in detail.

Monthly Turnover Details

The department is providing data to field officials based on GSTR 3B filings by the big assessees to help them make comparisons with the pre-GST regime. Each commissionerate has to review the top 100 assessees as per central excise and service tax revenues according to FY17 data and match that with their tax payments in the GST regime. Where possible, the officials have to also consider valueadded tax and central sales tax revenues under the previous regime. The field officials have also been asked to look at the input tax credit claimed under the GST regime and compare it with the pre-GST regime to see any abnormal or unusual credit availed now, which could have led to lower tax. The analysis will also include monthly turnover details before and after GST and explain any variations in collections under the two regimes.

Source : The Economic Times

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FTP mid-term review today, may address exporters' woes

The mid-review of the much-awaited policy will be released at an event graced by Prabhu, along with top officials including the Directorate General of Foreign Trade Atul Chaturvedi, Commerce Secretary Rita Teaotia and Revenue Secretary Hasmukh Adhia. Key policymakers led by Commerce Minister Suresh Prabhu will unveil the mid-term review of the foreign trade policy here tomorrow, which is likely to address exporters' concerns to arrest the declining trend of shipments.The mid-review of the much-awaited policy will be released at an event graced by Prabhu, along with top officials including the Directorate General of Foreign Trade Atul Chaturvedi, Commerce Secretary Rita Teaotia and Revenue Secretary Hasmukh Adhia. Exporters have been voicing concerns about challenges on account of implementation of GST, even suggesting that they be kept out of the ambit of the new indirect tax regime and the drawback refund be expedited as it was blocking their working capital. The mid-term review was earlier supposed to be released before July 1, in line with the introduction of GST. However, it was put off as the government wanted to factor in the feedback from exporters based on their experience with GST. Exports entered the negative terrain after over a year, contracting 1.12 per cent in October, primarily due to liquidity problem being faced by exporters following rollout of GST. The five-year FTP was announced on April 1, 2015, and set an ambitious target of India's goods and services exports touching USD 900 billion by 2020. It also aimed at increasing India's share of world exports to 3.5 per cent, from 2 per cent.

Source : Money Control

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Sharp rise in imports of MMF yarn, cotton fabric post GST:CITI

Inward shipments of cotton yarn, man-made yarn and fabric have gone up dramatically post GST from July, textile industry body CITI said today. In a statement, the Confederation of Indian Textile Industry (CITI) said it has requested commerce and textile ministries to raise import duty on man-made fibre (MMF) yarn, cotton fabric and MMF fabrics by 15 per cent to ring-fence local yarn, fabric and garment producers from the threats of cheaper import, especially from FTA nations such as Bangladesh and Sri Lanka. According to data shared by CITI, the import rose during July, August and October, but September figures were not available. India's MMF yarn import hit USD 14.97 million in July as opposed to USD 8.92 million in the same month last year. Cotton fabric import showed the same trend, up at USD 12.81 million in July against USD 8.84 million last year. MMF fabric import stood at USD 8.27 million compared to USD 6.36 million in July 2016. Similar conditions prevailed in August. The overall import of textile yarn fabric and made-up articles stood at USD 153.9 million in October as against USD 137.31 million in the previous year. "The government recognising the problem and threat of imports flooding the market has recently increased import duty on MMF Fabric from 10 per cent to 20 per cent. However, the import duty on MMF yarn and cotton fabric have been kept at the old rates," CITI Chairman Sanjay Kumar Jain said. Jain held that the current scenario is impacting domestic yarn and fabric producers and garment manufacturers. He felt that there is a greater need to apply safeguard guidelines such as Rules of Origin, Yarn Forward and Fabric Forward Rules on countries such as Bangladesh and Sri Lanka that have FTAs with India to stop routing of cheaper fabrics made in China through these nations. Post rollout of the Goods and Services Tax (GST), there has been a spike in import of MMF yarn, cotton fabric and MMF fabric in July and August 2017, Jain stated. Prior to GST, import of textile products had been attracting basic Customs duty (BCD) plus countervailing duty (CVD) and special additional duty (SAD). Post-GST, CVD and SAD were withdrawn and IGST was introduced. He pointed out that MMF yarn, cotton fabric and MMF fabric are largely affected by cheaper imports from China, Indonesia, Thailand and North Korea where fabric industry is subsidised substantially to increase their share in the world trade.

Source: Business Standard

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Textile imports rise after GST kicks in

Coimbatore: With textileimports seeing a sharp increase in the past few months, the industry is blaming GST for the sudden rise stating that lower import duties are leading to overseas fabric and garments flooding the Indian market. Cotton fabric imports surged 45% in July, was up 29% and 12% for August and September respectively. Import of textile yarn, fabric and made-ups increased 12.1% year-on-year in October to $153.9 million in October, according to quick estimates for the month. Pre-GST, import of textile products was attracting basic customs duty (BCD) plus countervailing duty (CVD) and special additional duty (SAD). Post-GST, CVD and SAD were withdrawn and IGST (Integrated GST) was introduced. "Unlike CVD and SAD, IGST is fully adjustable against GST liability on sale of the imported product. The government recognising the problem and threat of imports flooding the market has recently increased import duty on MMF (manmade fibre) fabric from 10% to 20%. However, the import duty on MMF yarn and cotton fabric have been kept at old rates," said Sanjay Kumar Jain, chairman, Confederation of Indian Textile Industry (CITI). "In the pre-GST scenario, import of garments from Bangladesh was attracting Rs 77 per piece (where MRP is Rs 999 per piece) and Rs 116/pc (where MRP is Rs 1500/pc) in the shape of CVD plus education cess and thereon," CITI said. "However, in the post-GST scenario, there will be no cost for import of garments from Bangladesh. Similarly, in the case of import of garment from other countries, the cost has been substantially reduced by Rs 77/pc and Rs 116/pc where MRP is Rs 999/pc and Rs 1500/pc respectively," it said. "Hence, the Indian garment industry will face stiff competition from imported garments, especially from Bangladesh where production cost is already lower than India," CITI stated. CITI has urged the Union commerce and textile ministries to increase import duty on MMF yarn, cotton fabric and MMF fabric by 15% to protect the local yarn, fabric and garment producers from cheap import threat, especially from FTA (free trade agreement) nations like Bangladesh and Sri Lanka. "There is a greater need to impose safeguard measures such as 'Rules of Origin', 'Yarn Forward and Fabric Forward Rules' on countries like Bangladesh and Sri Lanka that have FTAs with India to prevent cheaper fabrics produced from countries like China routed through these countries," Jain said.

Source: The Times of India

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‘India-Africa trade to hit $100 b’

Union Minister Mukhtar Abbas Naqvi on Monday said the bilateral trade between India and Africa will cross $100-billion mark in the next two years, owing to improvement in business environment in India and better connectivity across the African continent. The bilateral trade between India and the African nations was around $57 billion in 2015-16. “Africa offers lucrative business opportunities for Indian micro, small and medium enterprises across diverse sectors such as FMCG (fast moving consumer goods), mining and minerals, telecommunications, construction and others,” Naqvi said at a conference organised by Assocham. He observed that India is attracting business leaders and investors from across the globe as the government has been able to build a conducive business environment.

Source : Business Standard

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PM Modi to address India Inc for first time since GST

 

NEW DELHI: A day before the second round of polling in Gujarat, Prime Minister Narendra Modi will address a gathering of top industry leaders at the Ficci annual general meeting in what will be his first major interaction with India Inc since the launch of GST five months ago. On December 13, Modi, who had addressed the Ficci Ladies Organisation, when he launched his Prime Ministerial campaign over three years ago, may highlight his government's pro-business credentials, amid a growing perception of pursuing pro-poor policies, which are at times seen to be not in favour of business. In fact, several businesses have been critical of some of the policies pursued by the government, including GST and the recent Ordinance to amend the Insolvency & Bankruptcy Code, which seeks to make promoters of companies ineligible, which are non-performing assets for over a year. The government has, however, maintained that the policies are meant to make the system more transparent and efficient and the resistance is due to the attempt towards formalisation of the economy.
While the PM has stayed away from addressing industry chambers, barring one at the Dalit Indian Chamber of Commerce and Industry (DICCI), Congress vice-president Rahul Gandhi had recently attended the PHD Chamber of Commerce and Industry's AGM, where he had attacked the government on GST and demonetisation. Modi's address will also help Ficci go one up on arch rival CII, which in the 1990s was seen as the favourite destination for most government ministers. In recent months, Ficci has managed to get top ministers as well as BJP president Amit Shah. At the AGM, apart from Modi, FM Arun Jaitley will have a special session on GST (with which industry is trying to come to terms) with four state FMs — West Bengal's Amit Mitra (himself a former Ficci secretary general), Kerala's Thomas Isaac, Bihar's Sushil Modi and Jammu & Kashmir's Haseeb Drabu.

Source: Times of India

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For Maharashtra’s cotton growers, it’s like a night without dawn: Veteran farmer leader Pasha Patel

RECENTLY IN LATUR: Big built Pasha Patel, BJP’s legislator from Latur, has an infectious smile and deep baritone. A veteran farmer leader from central Maharashtra. his deep understanding of agriculture and connect with small farmers helped him become the Chairman of the State Commission for Agriculture and Prices, earlier this year. But just mention pink bollworm (PBW), and the smile on Patel’s face rapidly gets replaced by a frown and deep furrows appear on his brows, reflecting his anguish over the destruction of vast swathes of cotton crop in Marathwada and Vidarbha regions. Draining his cup of lemon tea, he says that today cotton farmers of Maharashtra are exercised about the next season (May 2018): whether to plant GM seeds or look for Indian varieties. In an interview to BusinessLine, Patel said that last year cotton farmers got ₹5,500 per quintal of cotton against the ruling Minimum Support Price (MSP) of ₹4,300. This year, the farmers are so worried about PBW attacks that prices are just not on their radar. They are worried more about salvaging their crop, or what has been left behind by the marauding insects. Based on his extensive tours of the two cotton-producing regions of Maharashtra, Patel reveals that in farms having fertile black cotton soil with good irrigation facilities, the PBW attack has been devastating and almost 100 per cent. On the other hand, some farmers in Yavatmal districts experimented with Indian non-GM seeds in and their crops escaped the PBW attack. He rues that 15 years ago, when GM cotton seeds were introduced in the Indian market to fight the bollworms, the seed companies had said that would not have to spray any insecticides and that they would get an yield of 22 quintals an acre. Today, because of the very same GM seeds, usage of insecticide and fertiliser has increased five-fold and eaten into farmers incomes. In a way, the GM technology has been defeated by nature. Just as a human body develops a resistance to medicines used regularly, PBW has developed an immunity to GM technology, he said. He says that it has been found that the Indian varieties are much less susceptible to PBW attacks. The stem and leaves of the Indian varieties have a rough exterior, while the shrub of a GM cotton has a smooth texture, which the PBW prefer. In non-irrigated areas, the PBW attack is much less virulent. In such areas, cotton is plucked only twice from the fields with the planting being less dense and the shrubs exposed to a large amount of sunlight. In irrigated lands, farmers keep on supplying water to the fields and plucking the cotton from the field. In such fields, the plucking takes place multiple times. Patel laments that Bt cotton seeds have caused myriad problems have been created. This year cotton has been planted on 41 lakh hectares in Maharashtra against 38 lakh hectares last year. Earlier, soyabean covered a larger area, but as it did not fetch good rates in the market, farmers shifted to cotton, But, today, the PBW has ravaged the cotton fields. It is like a night with no dawn. On the death of farmers due to pesticide poisoning in Yavatmal district, Patel says that due to the PBW attack, farmers have been experimenting with insecticides and combining deadly ones, which has resulted in the deaths.

Source: Business Line

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Global Textile Raw Material Price 2017-12-04

Item

Price

Unit

Fluctuation

Date

PSF

1344.79

USD/Ton

0%

12/4/2017

VSF

2190.95

USD/Ton

0%

12/4/2017

ASF

2659.36

USD/Ton

0%

12/4/2017

Polyester POY

1337.235

USD/Ton

0.57%

12/4/2017

Nylon FDY

3414.86

USD/Ton

0%

12/4/2017

40D Spandex

5892.9

USD/Ton

-1.27%

12/4/2017

Polyester DTY

3626.4

USD/Ton

0%

12/4/2017

Nylon POY

5711.58

USD/Ton

0%

12/4/2017

Acrylic Top 3D

1578.995

USD/Ton

0%

12/4/2017

Polyester FDY

3188.21

USD/Ton

-0.94%

12/4/2017

Nylon DTY

2795.35

USD/Ton

0%

12/4/2017

Viscose Long Filament

1662.1

USD/Ton

0%

12/4/2017

30S Spun Rayon Yarn

2855.79

USD/Ton

-0.26%

12/4/2017

32S Polyester Yarn

2044.383

USD/Ton

-1.10%

12/4/2017

45S T/C Yarn

2886.01

USD/Ton

0%

12/4/2017

40S Rayon Yarn

2190.95

USD/Ton

0%

12/4/2017

T/R Yarn 65/35 32S

2432.71

USD/Ton

0%

12/4/2017

45S Polyester Yarn

3022

USD/Ton

0%

12/4/2017

T/C Yarn 65/35 32S

2493.15

USD/Ton

0%

12/4/2017

10S Denim Fabric

1.412785

USD/Meter

0%

12/4/2017

32S Twill Fabric

0.870336

USD/Meter

0%

12/4/2017

40S Combed Poplin

1.220888

USD/Meter

0.50%

12/4/2017

30S Rayon Fabric

0.667862

USD/Meter

-0.23%

12/4/2017

45S T/C Fabric

0.722258

USD/Meter

0%

12/4/2017

Source: Global Textiles

Note: The above prices are Chinese Price (1 CNY = 0.15110 USD dtd. 5/12/2017). The prices given above are as quoted from Global Textiles.com.  SRTEPC is not responsible for the correctness of the same.

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Pakistan : PCGA warns against duty-free cotton import

MULTAN - The Pakistan Cotton Ginners Association (PCGA) has opposed the duty-free import of cotton from India and warned that it will ruin cotton growing and growers in Pakistan. PCGA Chairman Haji Muhammad Akram, former chairman Shehzad Ali Khan, Vice Chairman Mian Javed Tariq and former vice chairmen Suhail Mehmood Haral, Sheikh Muhammad Aasim Saeed told the media in a joint news conference on Monday that 1.857 million bales of cotton are lying unsold at ginneries. But on the other hand, the textile millers are reluctant to purchase this stock, they regretted, adding that there is no justification for lifting an ‘undeclared’ ban on imports of ginned cotton from India or any other country at the cost of local growers. They stressed the need for continuation of ban on the imports from India on hold through Wagah and Karachi port. They strongly opposed any relaxation in cotton import. “Farmers have also expressed concern over lifting of ban on the import of cotton from India by the government. They demanded the government to impose complete ban on cotton imports from India via Wagah Border, as it is detrimental to the interest of cotton growers of the country. “The PCGA leaders strongly feel that imports of cotton lint from India via Wahag is detrimental to the interests of the cotton growers and should be immediately stopped.” They expressed concern that if the imports of cotton lint continued, it would affect the cotton production in the country during next season, adding that last year cotton production declined by 30 per cent, so if appropriate measures are not taken, the position would deteriorate and affect the production. They said that the ginneries had sufficient stock of cotton lint available so there was no justification to import the commodity from India. The ginners said the government did not fix the support price for cotton, leaving them at the mercy of textile millers, who would procure domestic cotton at their desired rates. They added that they were expecting a bumper crop this year and import from India would destroy the local cotton growers. The PCGA leaders expressed concern on the import of cotton from India at this stage when the country has unsold stock of 2 million bales and more than 0.7 million bales are expected during next month.

PHUTTI ARRIVAL WITNESSES SURGE

The arrival of seed cotton (phutti) at ginning factories has witnessed 3.62 per cent increase between November 15 and December 1, 2017 compared to the corresponding period last year, disclosed a fortnightly report released by the Pakistan Cotton Ginners Association (PCGA) here on Monday. The report further revealed that the seed cotton equivalent to over 10,132,074 bales reached ginneries across Pakistan as of December Ist, 2017 compared to the same period last year when ginneries received 9,778,451 bales. The report said that ginneries in Punjab recorded arrival of 6,107,802 bales against the last year arrival of 6,158,870 bales showing a decrease of merely 0.83 percent. Sindh ginneries recorded arrival of 4,024,272 bales while last year Sindh received 3,619,581 bales 11.18% more. Ginneries in Sindh recorded an increase of 11.18 % as compared to corresponding period last year. Textile mills have bought 8,062,258 bales while exporters bought 211,989 bales. The total bales sold out so far were calculated at 8,274,247 bales. While 1,857,827 bales are lying unsold .Multan received 245,745 bales 12.50 % decrease than last year, Lodhran 1,30,204 bales 24.93 % decrease, Khanewal 621,909 bales an increase of 12.65 %, Muzaffargarh 290,926 bales a decrease of 3.88 %, Dera Ghazi Khan 365,799 an increase of 14.33 %, Rajanpur 4,09,700 bales, 24.53 % increase, Layyah 258,538 bales 2.06.% increase, Vehari 522,103 bales 47.12 % increase, Sahiwal 229,917 bales 16.16 % more than last year, Pakpattan 36,978 bales 7.92% decrease, Okara 1,5750 bales- 16.25 % short, Toba Tek Singh 148,794 bales, 0.65 % increase , Faisalabad 34,149 bales 0.53 % less than last year, Jhang 20,400 showing a decrease of 31.46 %, Mianwali 165,615 a decrease of 30 % , Bhakkar 74,755 (24.95 % more) Sargodha 7,200 (21.74 % decrease), Rahim Yar Khan 901,064 bales (11.08 % decrease), Bahawalpur 879,107 an increase of 0.89 %,and Bahawalnagar 749,149 a decrease of 19.75 %.In Sindh province: Hyderabad 2,46,496 bales 10.24 % more than last year, Mirpur Khas (Thar) 2,19,294 bales 18.09 % less, Sangarh ,1,361,546 bales 12.48 % increase, Nawabshah 342,934 bales (9.26 % increase), Naushero Feroze 359,236 bales (11.37 % increase), Khairpur 323,538 (18.33 % increase) Ghotki 321,260 (15.84 % increase),Sukkur 5,40,709 (12.43 % increase), Dadu 5,0627-(31.50 % increase, Jamshoro 1,28,679 bales (16.73 % more), Badin 17,335 bales 35.86 % less) and Baluchistan 112,618 bales (an increase of 52.45%).Total 960 ginning factories are operational in the country, of them 666 in Punjab and 294 in Sindh. Total 1,857,827 bales are lying in unsold stock.

South Africa : Cotton lint exports to grow by 50% in 2018

COTTON lint exports are projected to reach 67 890 tonnes in 2018 from 45 000 tonnes this year due to higher seed cotton production and favourable international prices in 2017, a report has shown. According to a research by Econometer Global Capital, seed cotton production is projected to reach 248 000 tonnes next year, up from the 72 000 tonnes achieved this year on government’s support to the white gold production. “Area under seed cotton production is expected to increase by almost 86% to about 289 000ha in 2018 pushing up production together with normal rainfall and the continuation of the government’s free inputs support programme that reduces farmers’ production costs,” the research firm said. “2017 lint exports are estimated to reach 45 000t, about 268% higher than the 2016 exports due to expanded size of the crop. In 2018, lint exports are forecasted at 67 890 tonnes earning approximately $130m due to higher seed cotton production and favourable international prices.” The government has pledged to provide free inputs to cotton farmers for the third year running in the 2017/18 season, which will motivate more farmers to take up cotton production. Under the scheme, cotton will be supported to the tune of $60 million, catering for 400 000 households. Cotton, also known as white gold, is the third most important cash crop in Zimbabwe after tobacco and sugarcane, grown by thousands of smallholder farmers. Cotton exports have become relatively insignificant due to under production. However, it peaked after dollarisation, earning about $200 million from 143 788 tonnes of lint exports in 2012. The closure of key processing industries and competing crops such as maize and tobacco affected cotton production over the past five years. In 2016, 12 223 tonnes, constituting about 93% of domestic lint produced in the country, was exported mainly to South Africa where it was warehoused before being exported to other destinations. However, production is yet to recover to its peak of 353 000 tonnes of cotton in 2000. Traditionally, cotton was the second largest foreign currency earner after tobacco in the agriculture sector.

Source: NewsDay

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Aussie wool sector poised to sustain strong growth on back of Chinese demand

SYDNEY — Australia's major wool sector looks poised to sustain a return to strong growth, fueled by record high prices and robust demand from increasingly affluent Chinese consumers, latest industry figures and analyses showed. Scott Carmody, trade consultant for the nonprofit Australian Wool Innovation industry group, told Xinhua recently that demand is now the strongest in three to four decades, with "Chinese influence on the market exerting extreme upward pressure on wool prices in Australia".In US dollar terms, wool prices are not as high as they were about five years ago, but the weaker Australian dollar against the greenback now meant that Australian producers were getting paid more in the local currency, he said. Chinese wool buyers were paying about $14 to $15 a kilogram for the material back then, but the price is about $12.50 now. Prices have since hit a high of more than A$16 a kilogram, industry figures showed. "The record high prices that everybody's talking about is in Australian dollar terms. That's very important for our wool growers because that's what they like," said Carmody. "China has the capacity to push the market even higher as long as demand remains strong. And what we're seeing at the retail levels is that there's been so much wool at retail and many different products that people are seeing the capacity for the market to hold at these levels or even improve." Australia is the world's dominant wool producer, with its top-grade Merino sheep helping fuel annual exports of about A$3 billion (about $2.28 billion). Chinese demand makes up more than 70 percent of that market, with its businesses manufacturing the raw material into an increasingly wide variety of products such as sportswear and shoes beyond traditional garments, said Carmody. "China remains our most important customer. Almost 100 percent of what it bought was manufactured and re-exported because the Chinese consumer could not afford to pay the premium price for wool. That was probably 15 to 20 years ago. Today, about 60 percent of wool is staying in China for Chinese consumption. The affluence that has grown very rapidly in China has helped wool prices," he said. Matt Dalgleish, wool market analyst for Australian agriculture market analysis group Mecardo, told Xinhua recently the Chinese market remains "incredibly important" for Australian wool. At the same time, the contraction of Australian wool suppliers in the past few years have also affected the higher prices and more producers switching back to the industry to tap the current growth might affect its development moving forward, he said. There is also a limit to what foreign buyers are prepared to pay for and the danger of wool becoming a "niche" product if it gets too costly, with other fabrics and material offering alternatives, said Dalgleish. "If we get to a situation where there's a sustainable, long-term, high-price of wool, that would certainly attract other nations and producers in other countries to start investing in the quality of sheep flocks to be able to get to the stage where they can produce wool of a high standard as well," he said. "Australian wool helps guarantee the quality of our clothing products," Song Jianmin, chief supervisor of Chinese conglomerate Nanshan Group, told Xinhua recently. Other than garments and textiles, the company has businesses ranging from aviation and aluminum to health and education. It processes more than 5,000 metric tons of Australian wool annually for its business. "There are multiple factors for the high wool prices. Australian wool supply has been slipping and producers have had to adjust ... our group has been keeping close track of the developments." "We're also working with the industry in terms of technological innovation, product research and other areas. Quality continues to be an important priority for us," Song added.

Source: China Daily

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Fashion brands top 'Fastest climbing consumer brands 2017'

Fashion brands PrettyLittleThing, Gucci and Louis Vuitton, have topped the list of fastest climbing consumer brands 2017, created by Aaaron Wallis. While PrettyLittleThing has been ranked first with 58.6 per cent search interest, Gucci andLouis Vuitton have been ranked second and third with search interest of 61.7 and 82.8 per cent respectively. According to the report, PrettyLittleThing has grown dramatically in the year 2017 by doubling its average search interest score. It’s partnership with the global celebrities has helped it to achieve huge amount of publicity which has contributed to its success. Further, the report says that in 2017, Gucci’s revenues were up by 44.5 per cent during the first nine months, helping the brand to grow significantly. In the present report, Aaron Wallis has taken an average of the relative search interest measured by Google Trends from January 2016 till November 2017, excluding the dates from November 20 till December 31, 2016, in order to eliminate the missing trends in seasonality.The brand with higher search interest is ranked at the top. Aaron Wallis is a leading UK based sales recruiter company focused on permanent, contract and interim sales recruitment. (VM)

Source: Fibre2Fashion

High-tech textiles – a cross-industry inspiration

Stuttgart – between November 30 and December 1, one of the most important conventions for the European technical textile industry took place in Stuttgart. The Aachen-Dresden-Denkendorf-International Textile Conference brought together 600 professionals from 28 countries, across four continents from the textile, textilemachinery and various user-industries. Economy and research experts reported on research results and marketable textile innovations concerning high performance fibers, fiber composites and medical textiles. Baden-Wurttemberg's Minister of Economic Affairs Nicole Hoffmeister-Kraut welcomed the international audience in the Liederhalle conference center. "Our textile companies are no longer seen merely as consumer product manufacturers, but as suppliers of high-tech materials and products. In the automotive, engineering and medical technology industries, as well as in the construction industry, technical textiles are often the key to new concepts and products. That is why the innovative power of the textile industry is of extraordinary importance to our local economy", said the minister. There’s a future for textiles, especially in a traditional textile-producing region such as BadenW?rttemberg. Many noteworthy companies such as Dornier, Kelheim Fibers, ETTLIN, and solidan have their headquarters in this area, alongside one of the most important European textile research institutions: the German Institute for Textile and Fiber Research Denkendorf (DITF). It therefore made sense to expand the Aachen-Dresden Textile Conference, which has been organized since 2007 by textile research institutes of the regions surrounding Aachen and Dresden, with a partner from Baden-W?rttemberg. For this reason, the DWILeibniz Institute for Interactive Materials (DWI) in Aachen, the Institute for Textile Machinery and Textile High-Performance Materials Technology of the TU Dresden (ITM) and the DITF have been jointly leading the International Textile Conference into the future since 2016. Held annually at one of the three locations, the conference recently premiered in Stuttgart. Together with this year's partner country USA, this year’s conference was characterized by trend-setting developments and upheavals in textile technology. The focus was on, among other things, additive manufacturing methods such as 3D textile printing, as well as smart textiles, which are currently being brought to the forefront by IT companies from the USA as ‘intelligent problem solvers’. Entrepreneurs from the textile and textile-machinery industries presented current developments, products and processes, especially concerning the future fields of mobility and health. Various German textile research institutes presented their longstanding know-how on these and several other ‘trend-fields’ under the umbrella of the Forschungskuratorium Textile.V.(registered association). Under the motto "From Idea to Practice", a transfer session presented successful, publicly-funded collaborative programs, in which products and processes were jointly developed by scientists and industry representatives and successfully implemented into the industry. The conference was also supplemented by an exhibition by companies and institutes as well as over 100 scientific posters. Three of the posters presented were awarded the Poster Award 2017.

Source: Be Global fashion Week

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Bangladesh-NI RMG owners must complete remediation by April 2018

'DIFE has already decided not to renew licences of non-compliant factories and cancel their licence after the expiry of the deadline'The government has asked all factories from the National Initiative (NI) under the Tripartite Plan of Action to complete their remediation process by April 2018. As part of the government’s initiative to ensure RMG factory safety after the Rana Plaza disaster, the Department of Inspection for Factories and Establishments (DIFE) held a meeting  with the factory owners from the NI to evaluate the progress of their remediation in making a safer workplace on Sunday. DIFE at the meeting asked all the factories to complete their remediation process by April 2018. If the factories fail to meet the April deadline, then the DIFE will take strict measures. DIFE Inspector General Md Shamsuzzaman Bhuiyan said: “DIFE has already decided not to renew licences of the non-compliant factories and cancel their licence after the expiry of the deadline. “To ensure safety at the workplace, all factories must have safe electrical lines, fire safety and remedy to structural problems that have been identified during inspections. We have asked the factory owners to complete all the reforms by April 2018. “Failure to meet the deadline will result in dire consequences. Regarding the final decision on these factories, we will hold a meeting with the National Tripartite Committee (NTC), as the issues are related to top global partners.” After the Rana Plaza factory disaster, on May 15, 2013, the Alliance for Bangladesh Worker Safety and the Accord on Fire and Building Safety in Bangladesh were signed. The Accord is a five-year, independent and legally-binding agreement between global brands, retailers and trade unions to build a safe and healthy Bangladeshi RMG industry. The Alliance is a legally-binding, five-year commitment to improve safety in Bangladeshi RMG factories. The Alliance was organised in 2013 through the Bipartisan Policy Centre, with discussions convened and chaired by former US Senate Majority Leader George Mitchell and former US Senator Olympia Snowe. The Alliance focuses mainly on workers’ rights. Later, the Bangladesh government, supported by the International Labour Organisation (ILO), formed another platform – the National Initiative (NI) – for RMG factories that were not part of the Accord and Alliance to improve their safety standards. A total 1,549 garment factories beyond the Accord and Alliance inspections had been inspected by the National Initiative. After the completion of their initial inspection on November 10, 2015, the factories registered just 20% progress in remediation procedures over the last two years.  “We are currently monitoring the remediation of 780 factories, which are under the government initiative,” said DIFE Inspector General Shamsuzzaman. As of Monday, DIFE had held meetings with owners of factories in the Dhaka and Narayanganj zones, and they will hold meetings with the owners of factories in Gazipur on Tuesday and with owners in the Chittagong zone on Saturday.

Source: Dhaka Tribune

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Canada-Polyester important as digital textile printing grows

With the global digital textile printing market expected to show an unprecedented 18.29 per cent CAGR between 2017 and 2021, use of polyester is likely to grow. This is because printing on synthetic fabrics is a lot cheaper than printing on natural fabrics, according to the report ‘Global Digital Textile Printing Market 2017-2021’, by Research and Markets. Polyester is the most eligible synthetic material endorsed by digital printing experts. Priscilla Wilson, principal director, Exhibit Express, explains the hows and whys. “Polyester is preferred for digital textile printing, owing to its high durability, resistance and strength bettered by low shrinkage and colour fastness”, says Wilson. “Being sensitive to heat, polyester can be manipulated effortlessly with high temperature and pressure to create permanent pleats and laser cuts”, she adds. Polyester is also preferred for large format soft signage or custom display printing. Polyester 210gsm is widely used in wall graphics, textile banners, table throws, flags and tension frame systems frequently used in trade show booths. Talking about the best method to print on polyester, Wilson says, “Ordinary dyes cannot alter the colour of polyester due to its high stain-resistance. We need disperse dyes to create the expected results. To minimise dye migration, we use a white or grey ink as a base before applying any other colour. The dye-sublimation method of printing reduces wastes.” “The best thing is that digitally printed sublimated polyester both can be washed and then tumble-dried in a low-temperature setting. This is another reason to choose polyester”, she concludes. The trade show display printing market will continue to depend on polyester. As more trade fairs are organised, the demand for the fabric will escalate.

Source: Fibre2fashion.

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