New Delhi: Commerce ministry’s investigation arm Directorate General of Anti- dumping and Allied Duties (DGAD) has refused to impose anti-dumping duty on polyester staple fibre from China, Indonesia, Malaysia and Thailand, saying that its imports are “not solely responsible” for causing material injury to the domestic industry. The recommendation of the DGAD followed its probe into an alleged dumping of the fibre from these four nations. Alok Industries, Indo Rama Synthetics (India) and Bombay Dyeing had filed an application for the probe. DGAD in a notification has said that “imposition of antidumping duty is not warranted in the present investigation. Therefore, the authority considers it appropriate to recommend termination of investigation.” In the conclusion of the final findings of the investigation, it said that although the fibre has been exported to India from these four countries at dumped prices but the same are “not solely responsible for causing material injury to the domestic industry”. The authority had initiated the probe on the basis of sufficient evidence submitted by the applicants. Countries carry out anti-dumping probe to determine whether their domestic industries have been hurt because of a surge in below-cost imports. As a counter measure, they impose duties under the multilateral regime of WTO. The duty is also aimed at ensuring fair trading practises and creating a level-playing field for domestic producers with regard to foreign producers and exporters. India has already imposed anti-dumping duty on several products to check below-cost imports from countries including China.
Source: Livemint
Tirupur: With exports falling for the third consecutive month in December, industrialists in the knitwear city are worried about downward business trend in the readymade garments (RMG) segment. RMG exports from the country plunged 40% year-on-year (y-o-y) in October and by 10%-13% y-o-y in November and December respectively. Exporters believe that the central government was yet to realise the importance of providing incentives or the need for FTAs (Free Trade Agreements) for RMG with US and European countries to boost growth. "While the central government is making macro-economic corrections including demonetisation and GST, it has failed to realise the importance of hand-holding support like providing the right rate of duty drawback and other incentives," said Tirupur Exporters' Association (TEA) president Raja M Shanmugam. Earlier, the government stated that if firms pay GST, they would be able to get input credits. But the government did not bother about the effect of reduction in incentives ranging from duty drawback, rebate of state levies (RoSL) and merchandise exports from India scheme (MEIS), Raja Shanmugam said. After constant requests from the industrialists, the government came forward to increase MEIS—that too till June, from 2% to 4%. Still overall deficit of the incentives stands at 2.7% compared to the pre-GST period. So, Tirupur knitwear exporters, who operate on thin profit margins due to stiff competition, were not able to quote attractive rates to international buyers, said A Sakthivel Regional Chairman Federation of Indian Export Organisations (Southern Region). "Once exporters lose buyers, it would not be easy to regain the business relationship. The knitwear industry has already been weakened due to multiple reasons including depreciation in the US dollar. The implementation of GST has become a death knell blow to the industry," Raja Shanmugam stated. "There was a notion that in developing countries providing sops to the export firms was not necessary. But it is wrong. The government should provide sops and adequate infrastructure to ensure the sustainability of the industries," he said. Referring to a recent tour of TEA office-bearers to Vietnam, Raja Shanmugam said, "We are self-certifying our nation as a traditional textile-oriented business hub but many new competitors like Bangladesh, Vietnam and Cambodia have overtaken India in the RMG exports and made-ups." For instance, Vietnam, which had entered into the business only two decades ago, is exporting textile products to the tune of Rs. 2.2 lakh crore annually despite being an importer of cotton, he pointed out. India's business stands at only Rs.1.6 lakh crore, he said. "Their government's incredible support and Free Trade Agreements with the largest garment importing countries were major reasons for Vietnam's success," he said. "There is a vast gap between the policy makers and the industry. The government should bring in knitwear welfare board, a dedicated research institute, and labour oriented measures, apart from restoring all the incentives," senior industry officials said.
Source: The Times of India
KOLLAM: Around one lakh entrepreneurs operating in the micro, small and medium enterprises (MSME) sector are slated to benefit from a social security scheme initiated by the state government. Claimed to be a first of its kind in the country, the scheme is meant for entrepreneurs and their families. The state government has sanctioned an amount of Rs 1 crore for the implementation of the scheme, which will be linked to the Pradhan Mantri Jeevan Jyoti Bima Yojana and the Life Insurance Corporation of India’s group insurance scheme. According to officers with the Industries Department, the scheme is an extension of the Social Security Fund Trust mentioned in the 2017-18 State Budget.“The role being played by the MSME sector in the state’s socio-economic growth is immense,” said an officer with Industries Department.“Though the state government itself is implementing a slew of programmes that support the sector financially and technically, it is of the view an insurance and social security scheme is the need of the hour.” That particular context, the officer said, has prompted the government to roll out such a scheme. Set to be of the group insurance kind, it will not only cover the entrepreneurs but their families too. “The annual premium to be paid by the beneficiary is Rs 200. It will be equally shared by the entrepreneur and the state government. As we were planning to cover one lakh entrepreneurs under the scheme, the premium amount required is `2 crore. Of that, `1 crore has already been sanctioned by the government. The rest of the amount will be sourced from the beneficiaries,” the officer said. The scheme, which proposes a claim amount of `4 lakh for death in case of accident, will provide `2 lakh for normal death. In the case of permanent disability, the maximum claim amount will be ` 2 lakh and for partial disability, `1 lakh. Other than life cover, the scheme offers scholarships to members’ children studying in Classes IX to XII. It is stipulated the beneficiary should employ at least two people other than the proprietor, as certified by the general manager of the District Industries Centre. Additionally, the beneficiary’s unit should be in operation for three successive financial years prior to the financial year in which the application is submitted. Entrepreneurs in the age group of 18 to 50 years are eligible to apply for the scheme.Sources with the Industries Department said the state’s social security scheme for the MSME sector comes at a time when the Ministry of Labour and Employment is planning to introduce a similar scheme for informal sectors like MSME and workers not covered under the EPFO or ESIC schemes. As far as Kerala is concerned, industries that come under the MSME sector include handicrafts, handloom, khadi, food processing, garments and textiles, and the industries related to coir, wood, bamboo, plastic, rubber, leather, clay and electronic or electric components. While the Directorate of Industries and Commerce is acting as a facilitator for industrial promotion and sustainability of the MSME sector, the traditional industrial sector in the state relies upon the help of Directorates of Handloom and Textiles, Directorate of Coir and Khadi and Village Industries Board for its growth.
Source: The New Indian Express
The Jammu and Kashmir government is introducing an e-commerce platform to link artisans and weavers of the state to increase the exports of handicrafts and handloom products. "It is also aimed at achieving the prime objective of minimising the exploitation of the multiple steps of middlemanship," Industries and Commerce Minister Chander Parkash Ganga said today. Replying to a question in the legislative assembly here, he said 44,414 artisans have been covered under the Artisan Credit Card (ACC) scheme involving interest subsidy of Rs 62.36 crore whereas artisans have received loans to the tune of Rs 375 crore till November 2017. There are 4 lakh artisans engaged in the manufacturing of handicraft goods in the state, of which 1,67,476 are registered and 2,32,524 un-registered. ACC scheme provides for easy and soft credit facilities to artisans, weavers, members of cooperative societies and craftsmen to start their independent ventures. The scheme envisages financial assistance in the form of loan with a ceiling of Rs 1 lakh from various banks and financial institutions. The government provides interest subsidy at the rate of 10 per cent on the loan over a period of five years, he said. The minister said during 2017-18 allocation and targets have been enhanced to Rs 81.82 crore and 4,125 units compared to the previous year's figures of Rs 42.52 crore and 2,127 units, respectively. He said new initiatives have been announced in budget 2018-19 to further incentivise the artisans by providing better market support and ensure quality in the handicraft products. "The budget proposals include consideration of handicraft units registered with handicrafts department at par with industrial units for the purpose of availing incentives under the extended industrial policy. "Rs 5 crore each being provided to the handicraft department and handloom development corporation for raw material and inventory upgradation will actually reach to the artisans and weavers as the inventory is bought from local artisans," he said. Likewise, provision of Rs 5 crore has been set aside to support heritage craft of carpet making, he said. Ganga said to coordinate the carpet design activities and to preserve this heritage, a design bank would be created at a cost of Rs 1 crore. He said over 8,000 looms have been distributed among the beneficiaries free of cost, while the state government provides about Rs 14,000 per loom as state share against Central share of Rs 40,000 per loom. Union Ministry of Textiles has also accorded in-principle approval for procurement and distribution of additional lot of 6,000 modern carpet looms with central share of Rs 24 crore, he said. Ganga said certificate course in carpet manufacturing (CCCM) is being conducted under integrated skill development scheme (ISDS) of Ministry of Textiles under which as many as 2,740 persons have been trained so far. Indian Institute of Carpet Technology (IICT) is also conducting certificate course for training of trainers (CCTOT) with the objective to create a pool of professional trained human resource for the carpet industry, he said. "To create self-employment opportunities for the target groups, six months certificate course in carpet weaving is also being conducted in concerned areas of Kashmir division and as many as 300 persons from different districts have been trained till date," he added.
Source: Business World
Chief Minister Raman Singh on Tuesday said that craftsmen have kept alive thousands of years of art alive with their stunning works. He was inaugurating 'Jagaar-2018' organised by the Chhattisgarh Handicrafts Board in the capital. The exhibition will be held till February 7 from 11 am to 9 pm. The Chief Minister also sanctioned a rest house for craftsmen at a cost of Rs 20 lakh in memory of Padmasree awardee craftsman late Jayadev Baghel. The guest house will be allocated to craftsmen free of cost. Jaydev Patel hailed from Kondagaon and became world famous for 'Bellmetal' craft. Chhattisgarh Assembly Speaker Gaurishankar Agrawal presided over the function. About 200 craftsmen from 14 states- Madhya Pradesh, Odisha, Andhra Pradesh, Telengana, Jammu-Kashmir, Punjab, Haryana, New Delhi, Uttar Pradesh, Rajasthan, Gujarat, Maharashtra, West Bengal are displaying their handicrafts at the exhibition. Singh said that Prime Minister Narendra Modi is keen on development of handloom and handicrafts in the entire country. There is 60 per cent increase in the sales of handloom fabrics. About 42 lakh employees are associated with handloom industry. Assembly Speaker Gaurishankar Agrawal said that craftsmen gave a distinct identity to Chhattisgarh in the entire world and the nation. He stressed upon the need for associating the new generation with handloom and handicrafts sector. Later, the Chief Minister felicitated five craftsmen with State-level awards.
Source: The Pioneer
On a humid Sunday afternoon, the lanes of Anakaputhur, an interior suburb of Pallavaram, wear a dim look, with barely any shops open or civilians on the road. But, as one enters Shanmuga Mudaliar Street near the Murugan temple, lively squeaks from the handloom units speak for the glory of this weavers’ town. The squeaks date back to over half-a-century ago, when the erstwhile village started developing as a handicraft centre, exporting the famous ‘Madras Real Handkerchief’ to Nigeria. An eight yard garment, Madras Real Handkerchief was worn by men and women in the African country, until it was stopped in the late 1970s when military rule was imposed in Nigeria. Stepmotherly treatment by the state and central governments has rung the death knell for this historically rich locality, where the weaving units hold thousands of stories of national importance. The natural fibre town was granted no major financial support by the government. The unstoppable weavers who have a natural flair for adaptation and creativity didn’t give up when the exports to Nigeria were banned. They bounced back by creating garments from natural fibres including banana, pineapple, aloe vera and bamboo. The crusader for the natural fabric in Anakaputhur, C Sekar has experimented with more than 25 natural products, which is appreciated in foreign countries including US, Japan and Germany, but it lacks even an acknowledgement from the Tamil Nadu government. From the fabric to dyes, the making of these garments are completely organic. A magazine article about a saree from banana fabric planted this idea in Sekar’s head and he successfully brought out similar products after a line of trial and errors.
Making of the natural fabric garments
The stem of the raw material (banana, pineapple or kenaf) should be dried and scrapped to remove dust. Each strand of the fibre that is taken out is then made into a yarn by a manual procedure, to weave in the handloom units. K Vijaya, a weaver for two decades, explains: “There are chances that the fibre may be damaged if machines are used, thus making it fit only for the paper industry.” Dyes are extracted from the natural products, including turmeric and indigo. “Pieces of iron are soaked in a jaggery solution for about 21 days, after which it gives out a black colour. It is poured on the colourless fabric, which sucks it in. A similar procedure is followed with any other natural product to extract the colour,” says Sekar, who is also the president of the Anakaputhur JuteWeavers’ Association. The woven fabric is again treated in cow dung to strengthen its quality. They also use medicinal herbs like Tulasi and Mint, which is preferred by those with skin allergies and cancer. One of their products was recently exhibited in a fair in Germany. But, ironically, a majority of Chennaiites are oblivious of the existence of this township and its craft. “The textiles and handlooms ministry should conduct regular training and awareness programmes, in order to connect us to the people,” says D Hema, who does embroidery work on the cloth.
Source: Citizen Matters
It may not be a populist Budget; however significant measures have to be undertaken for creating employment opportunities across India and a lot of push can be given to infrastructure & affordable housing, agriculture, textile etc. employment-intensive sectors, Atul Bhole, Vice President and Fund Manager, DSP BlackRock Investment Managers, said in an exclusive interview with Moneycontrol’s Kshitij Anand. The market seems to have climbed all wall of worries and is not set to climb above Mount 12,000. Do you think the rally could fizzle out post the big event, Budget 2018? The rally we are seeing in our markets is also accompanied by a rally in global stock markets. This has to do with the strong growth rebound which is taking place globally. Obviously, Indian macroeconomic fundamentals have also improved a lot over the past 2-3 years and that has just started to reflect in the corporate earnings. We have reasonable confidence that meaningful earning recovery will continue for some time. The market has discounted a lot out of these positives and it is very difficult to say whether the rally would fizzle or continue responding to a particular event. We think small and short corrections would definitely be on the cards but the overall construct of the economy and hence markets may continue for coming 2-3 years. What are your estimates for Nifty or Sensex for the December 2018? Will you revise your estimates after witnessing a strong rally in the first month of 2018? We don’t have targets for Nifty or Sensex as we are focused on bottom-up stock picking, and the index may or may not reflect our fund positioning. We, of course, have earnings estimates for the stocks we cover and/or hold and we track the changes to these estimates depending on macro and company-specific variations. Our market outlook remains constructive even after the rally as we are seeing continuous improvement in economic parameters, benefits accruing from the Government reforms over past 3 years and improvement in corporate fundamentals. What is fueling the rally on D-Street apart from strong global cues? Along with the improvement in fundamental factors as described above, significant flows are also coming into equity markets from domestic investors. In a sense, these flows are also a fallout of changes in fundamental factors. From the start of the year, even FIIs have turned significant buyers. The supportive macros, strong growth outlook, and flows are causing the markets to continue its upward journey. What are your expectations from the Budget – will it be a populist one or growth focused. PM Modi has already indicated that the upcoming Budget is unlikely to be a populist one. We are expecting that the budget should not contain any significant regressive measures. Already, the steps taken by the government over the past 3 years have clearly shown that the government is development oriented and budget may just be a step further in that direction. It may not be a populist budget, however, significant measures have to be undertaken for creating employment opportunities across India. Hence a lot of push can be given to infrastructure & affordable housing, agriculture, textile etc. employment intensive sectors. Emerging Markets in dollar terms, are still 10 percent away from 2008 highs! With a weakening dollar, strengthening commodities could bring the back party in EMs along with Indian markets? In other words – the rally will continue. Predicting global currencies and commodities has always proved to be a very tough job. Valuations across developed markets have also started to look expensive and going forward, with re-allocation of funds to a certain extent, some flows to emerging markets are expected.
FIIs have reduced their India overweight exposure considerably over the past 2 years. Hence India stands a good chance to attract a large part of those flows. What are your favourite sectors which are likely to remain in focus amid Budget expectations? Construction companies would obviously be in focus going into the budget. Consumer discretionary companies including auto companies would be in focus as budget may enable small stimulus to the economy through the multiplier effect of rising spend on land acquisition, infrastructure, irrigation projects etc. Banking sector would also be looked at as it is the barometer of the economy picking up as well as fiscal deficit & government borrowing estimates would impact yields. Which space is likely to offer greater risk-to-reward to investors and why? Largecaps, midcaps or smallcaps. Post the stellar rally in 2016 and 2017 in the midcap, this theme is looking relatively expensive to large caps. However, it is interesting to delve into the composition of largecap and midcap indices. A significant part of largecap indices belongs to banking, utilities, energy and commodity sectors wherein inherently they trade a lower PE due to their business models. With the economic growth picking up, some midcap companies can graduate to become larger companies and generate significant wealth for investors in the process. Fortunately, in India, we have enough opportunities in the largecap as well as in the midcap basket to choose from depending on individual company fundamentals and valuations to build a well-diversified portfolio. Actually, the time horizon is the single most important element in deciding the risk-reward. Longer time horizon, say 5-10 years, improves the risk-reward ratio meaningfully as the transitory volatility in stock prices is taken care of and investors enjoy full benefit of compounding returns. High beta stocks have done extremely well especially in the year 2017 as well as in the year 2018. Do you think we are in a phase of euphoria or is this normal market action in any bull market? There is euphoria in some section of the market, but, by and large, we think it is in the normal course of the market. The cyclical or some high beta stocks did very well responding to improvement in underlying businesses with global growth picking up & Chinese curb on the production of certain commodities. Such stocks were also at oversold levels to start with, many of them were trading at below book values. Some of these companies also deleveraged their balance sheets at a decent pace with improvement in profitability, asset sale or fresh fund raise. This has resulted in big returns from such stocks with concern on existence going away. Most of these things actually are linked to starting of a fresh business cycle and hence is in course of the normal market. The fundamentals might not support what we are witnessing on D-Street right now. Do you think if the liquidity tide reverse or we see a crack in mid and smallcaps, a glimpse of which we already saw last week when broader market underperformed could make markets nervous? We have just started to see the favourable macroeconomic factors and global-domestic growth revival reflecting into corporate earnings growth. A lot of this has been factored in stock prices, especially in midcaps.However, with strong earnings growth expectations and lower interest rates, this kind of valuations can sustain for some time. Eventually, only earnings growth can take care of market levels, so there can be some time correction or may be a small correction. Some corrections are always possible in the market and may be useful also to add to the positions. We think such corrections may be short-lived and bought over by the market.Which stocks are you recommending to your clients for long term (greater than 2-3 years) for wealth creation? We don’t recommend any stock but for long term wealth creation, it is imperative to invest in companies which are growing their earnings in a compounding manner. To get confidence about compounding earnings, the business model and management have to be robust. In India, typically such companies can be found in auto, consumer staple & discretionary, private banks, HFC & NBFC sectors, subject to again, stock selection. If somebody plans to invest Rs10,00,000 now – what would be your advise to him considering he is in the age bracket of 30-40 years? It is critical to consider one’s own asset allocation, personal goals and also current circumstances in life. These can be very different from person to person - even for those at the same age, let alone within an age bracket of ten years (30-40).Also, Rs10 lakhs could be a very large amount for one person, and a fraction of t wealth for another person. Specific to equity investments, given the market has already rallied quite a bit over the past several months, it would make sense to adopt a systematic investment approach, rather than invest everything in a lump-sum at this point.
Source: Money Control
|
Item |
Price |
Unit |
Fluctuation |
Date |
|
PSF |
1452.96 |
USD/Ton |
-0.54% |
1/30/2018 |
|
VSF |
2305.78 |
USD/Ton |
0% |
1/30/2018 |
|
ASF |
2558.47 |
USD/Ton |
1.25% |
1/30/2018 |
|
Polyester POY |
1381.89 |
USD/Ton |
0% |
1/30/2018 |
|
Nylon FDY |
3521.84 |
USD/Ton |
0% |
1/30/2018 |
|
40D Spandex |
5843.41 |
USD/Ton |
0% |
1/30/2018 |
|
Polyester DTY |
1642.47 |
USD/Ton |
-1.42% |
1/30/2018 |
|
Nylon POY |
3742.94 |
USD/Ton |
0.21% |
1/30/2018 |
|
Acrylic Top 3D |
5969.75 |
USD/Ton |
0% |
1/30/2018 |
|
Polyester FDY |
1618.78 |
USD/Ton |
-1.44% |
1/30/2018 |
|
Nylon DTY |
3292.84 |
USD/Ton |
0% |
1/30/2018 |
|
Viscose Long Filament |
2795.36 |
USD/Ton |
1.14% |
1/30/2018 |
|
30S Spun Rayon Yarn |
3000.67 |
USD/Ton |
0% |
1/30/2018 |
|
32S Polyester Yarn |
2203.12 |
USD/Ton |
0% |
1/30/2018 |
|
45S T/C Yarn |
3016.46 |
USD/Ton |
0% |
1/30/2018 |
|
40S Rayon Yarn |
2353.16 |
USD/Ton |
0% |
1/30/2018 |
|
T/R Yarn 65/35 32S |
2542.67 |
USD/Ton |
0% |
1/30/2018 |
|
45S Polyester Yarn |
3142.81 |
USD/Ton |
0% |
1/30/2018 |
|
T/C Yarn 65/35 32S |
2621.64 |
USD/Ton |
0% |
1/30/2018 |
|
10S Denim Fabric |
1.47 |
USD/Meter |
0% |
1/30/2018 |
|
32S Twill Fabric |
0.90 |
USD/Meter |
0% |
1/30/2018 |
|
40S Combed Poplin |
1.26 |
USD/Meter |
0% |
1/30/2018 |
|
30S Rayon Fabric |
0.70 |
USD/Meter |
0% |
1/30/2018 |
|
45S T/C Fabric |
0.75 |
USD/Meter |
0% |
1/30/2018 |
Source: Global Textiles
Note: The above prices are Chinese Price (1 CNY = 0.15793USD dtd. 30/1/2018). The prices given above are as quoted from Global Textiles.com. SRTEPC is not responsible for the correctness of the same.
Federation of Swaziland Employers and Chamber of Commerce (FSE&CC) Chief Executive Officer Bonisiwe Ntando explained that for any business to be able to trade they require an export permit from SRA, which is the first process any interested business has to go through. MBABANE – Benefitting under AGOA, especially for textile companies, requires that businesses obtain an apparel visa. She said depending on the product being exported then, the process and the time taken by the permit/certificate differs depending on the government agent issuing the permit/certificate. Ntando said in as far they understood, only the textile industry has to go through certain processes before it can trade under the Africa Growth Opportunity Act (AGOA), it has to first obtain an apparel visa.“Negotiations to obtain this visa are currently being conducted by the ministry of commerce, industry and trade. All other industries can immediately trade under AGOA, provided they get a market for their products and go through the normal processes for becoming an exporter,” said Ntando. Ministry of Commerce, Industry and Trade Principal Secretary (PS) Siboniso Nkambule said they were currently engaging with the US Embassy on the issue. Ntando also pointed out that the act requires businesses to maintain complete records of the production and the export of covered articles, including materials used in production for at least two years after production/ export. Manufactures are required to draw up and sign a certificate of origin. It was explained that this was an important international trade document confirming that the particular exports had been wholly obtained, produced, manufactured or processed in a particular country. Ntando said since AGOA classifies Swaziland as an LDC, the kingdom is allowed preference for apparel made from non-originated fabric (fabric that does not originate from the export country). AGOA products include items such as apparel and footwear, wine, certain motor vehicle components, a variety of agricultural products, chemicals, beverages and tobacco products non-metallic mineral products leather and allied products plastics and rubber products, steel and many others. AGOA as a preferential trade agreement offers tangible incentives that would give Swaziland market opportunities which would have a positive impact on the growth of its exports.
Source: Times of Swaziland
A tripartite group consisting of employers, unions and the government finished discussing the draft law on minimum wage yesterday. Labour Minister Ith Samheng said yesterday’s talks were the last public workshop to discuss the draft law on minimum wage after two workshops had already taken place. “This is the last tripartite workshop to discuss the draft law on minimum wage. We will send the draft law to relevant ministries and then it will be sent to the government before being sent to the National Assembly for approval,” he said. Mr Samheng said the draft law would be beneficial to workers and the nation as a whole because it intended to promote a decent living, create job opportunities and increase worker productivity, as well as push for increased investment opportunities. “I hope we can have this law approved before the end of June. “We do not want it to take any longer because everyone is waiting for it,” he said, adding the law would not have any negative side effects.
The draft law has 33 articles across six chapters.
From 1997 to 2017, the government increased the minimum wage in the garment sector from $30 per month to $153. Starting this month, garment industry workers are paid $170 per month. Ath Thorn, president of the Coalition of Cambodian Apparel Workers’ Democratic Union, said yesterday he did not oppose the draft law any more because it would help workers in other sectors as well. “When this law is approved, employers in other sectors will not be able to give their employees a salary lower than the minimum wage,” he said. Van Sou Ieng, chairman of the Garment Manufacturers Association in Cambodia, said yesterday that once approved, the draft law would help parties representing employers, employees and the government to find a standard minimum wage. He said he wanted employers from other sectors, such as tourism, hospitality or agriculture, to participate in the future. “I want the other sectors to join in negotiations because we, GMAC, know the cost in the garment and footwear sector, but not for the other sectors, so they should join,” he said.
Source: Khmer Times
Islamabad : Government is considering to bring the cotton crop management under the administrative control of Ministry of National Food Security and Research in order to streamline the issues and challenges being faced by the major cash crop of country. The measure would also help enhance the per acre crop output and produce quality and world-class cotton in the country. Before 18th constitutional amendment and devolving of the food ministries to provinces, the cotton crop was the subject of federal ministry of food and agriculture. But after the constitutional amendment, cotton crop was put under the control of ministry of textile industry. In this regard, a committee headed by Deputy Chairman Planning Commission Sartaj Aziz was also formed, seeking the suggestion from all the stakeholders to streamline the matter, said an senior official in the Ministry of Textile Industry. Talking to APP here on Tuesday, he said that the committee after its due deliberations had recommended the government for bringing all matters related to cotton crops under the control of ministry of national food security and research. Besides, it had also proposed to establish a special research cell in Pakistan Agriculture Research Council to expedite research and development activities in cotton sector for preparing high quality seed varieties to enhance crop output in the country. The recommendations of the committee would be presented in the next meeting of the federal cabinet for approval, he remarked. He said that the move to put cotton crop under food security ministry would be a positive step for the policy formulation and would help in policy making for the production of cotton crop and other competitive crops in the country. It would also help to overcome the increasing issues of crop shifting and each crop would be equally focused in collaboration with the provincial agriculture departments, adding that the output of other crops would not be suffered. The official said that ministry of national food security and research was already looking into the matters related to fertilizers, pesticides and seeds and putting the cotton crop under the same ministry would help in adopting an holistic approach to built the cotton crop pattern on strong lines. Giving the cotton crop back to food security ministry would also help in enhancing the cooperation, communications among and the provincial governments and their allied departments and international agencies for the promotion of agriculture sector, particularly growth and development of cotton crop across the country, he added.—APP
Source: Pakistan Observer
FAISALABAD:- PTI Chairman Imran Khan will visit Faisalabad on Tuesday (today) and hold meetings with industrialists and exporters. Besides these engagements, he will preside over a Textile conference to be held at a private hotel and will also announce Textile policy of the PTI at a press conference. Member of PT Central Council and expected candidate from NA-82, Zafar Iqbal Sarwar told this agency that with the cooperation and consultation of stakeholders, the party has prepared a Textile Policy. Zafar Iqbal said that Imran Khan is well aware of the problems being faced by the industrialists and exporters, adding that the PTI will make efforts for resolution of these problems. He said that PTI will make all-out efforts to facilitate the industrialists and exporters.
Source: The Nation
The government of Uzbekistan issued a resolution “On measures to introduce modern forms of organization of cotton and textile production.” Starting with the raw cotton crop of 2018, an experiment is being conducted. Domestic textile enterprises can order and pay in advance for the production of raw cotton directly from farms and other agricultural producers. The government approved a list of 13 enterprises - organizers of cotton-textile production – which are direct participants in this experiment, Norma.uz reported. According to the decree, these enterprises promote efficient and rational use of land, water and other resources, increase in yields and timely harvesting of raw cotton, and also ensure its further in-depth processing and production of products with high added value. They are subject to the conditions and the procedure for the acquisition of agricultural machinery in leasing, the supply of mineral fertilizers, seeds, fuel and lubricants, chemical protection products and other material resources for farming. Cotton fiber, produced for own needs within the cotton-textile production, is certified on a voluntary basis. In general, cotton fiber is subject to mandatory certification. The volume of cotton fiber, exceeding the need for own production capacity, the organizer of cotton-textile production can sell to other domestic consumers under direct contracts or through exchange trades. The document noted that the banks will lend the organizers of cotton and textile production in 2018 at the expense of the Fund for Targeted Financing of Government Procurement of Agricultural Products and Equipping with Agricultural Technology under the Cabinet of Ministers. The amount of loans is not less than 60 percent of the estimated need for financing the cultivation and supply of raw cotton (calculated taking into account the existing conditions for farms that sell raw cotton in the framework of state contracts) at a rate of no more than 3 percent per annum and on terms stipulated for financing farms that sell raw cotton within state order. Currently, Uzbekistan is the world’s sixth-largest cotton producer among 90 cotton-growing countries. It produces about 1.1 million tons of cotton fiber annually, which accounts for about 6 percent of global cotton production. The country exports cotton mainly to China, Bangladesh, Korea and Russia. One of the policy priorities of Uzbekistan is further development of its textile industry. Uzbekistan takes consistent steps to increase the volume of cotton fiber processing. In the period 2010-2014, the textile industry of Uzbekistan received and spent foreign investments worth $785 million while 147 new textile enterprises with participation of investors from Germany, Switzerland, Japan, South Korea, the USA, Turkey and other countries were commissioned. Export potential of these enterprises amounted to $670 millions.
Source: Azer News
Blantyre — Climate change has been pointed out as one of the challenge affecting cotton production in the country. One of the farmers who grow cotton on a larger scale from Traditional Authority Chanthunya in Balaka, Dymex Funsani told Malawi News Agency on Monday that the crop has now been heavily hit by the dry spell, affecting their investments in turn. "I normally plan on how much I am going to invest into cotton each and every season from seed, pesticides, fertiliser as well as labour for people who weed the field as cotton needs frequent weeding," she explained. Funsani pointed out that, "Over the past five year, I have not been able to yield according to what I anticipated because of the change in rainfall patterns. As am talking to you, three weeks have passed without a drop of rain. "If the trend continues, it will results into our cotton wilting which at the same time affects how much we harvest at the end," she observed. Another farmer from Mitole Extension Planning Area (EPA) in Chikwawa, Asaf Bewu added that as much as cotton crop endures harsh weather conditions, the crop is heavily affected. "If you compare the perseverance of cotton and maize, cotton endures a lot than maize but still what we realise is slowly going down because of the change," he echoed. Agriculture Extension District Officer for Balaka, Godfrey Magowera said they are currently teaching farmers to adopt other methods that maintain moisture in the soil. "Climate change is a big problem as it is affecting all angles of agriculture. So we are encouraging farmers to change methods of farming like vegetative cover. "We are also encouraging farmers to plant trees in their respective areas because it is the only long term solution to the issue of climate change. If there are trees, we will be able to reverse these effects," he said. Project Officer for Cotton Platform at the Africa Institute for Corporate Citizenship (AICC), Isaac Tembo said there is need to bring in resilient cotton crops like hybrid seeds that could be able to resist the effects of climate change. "The issue of climate change is indeed a big concern to the sector and we need to act fast by providing our farmers with resilient seeds that will be able to persevere the effects of climate change. "We need to make our farmers to be resilient to mitigate any other challenges that come with climate change. There is gap in our climate change framework such that our farmers are not resilient enough to withstand this," he explained.
Source: allAfrica.com
OBERTSHAUSEN, Germany — January 29, 2018 — Jeans are, and will continue to be, a top fashion trend, and its denim business is extremely lucrative for KARL MAYER. With its Centre of Excellence for the denim sector, KARL MAYER ROTAL, this global player can offer one-stop solutions for slasher and rope dyeing. Compared to conventional machines available on the market, the PRODYE-S and PRODYE-R indigo dyeing machines from this Italian subsidiary consume less water, produce less waste and enable deeper, brighter indigo shades to be produced. The dye add-on as a percentage of the total yarn weight is 5.5 % maximum. This warp preparation equipment is also highly productive. The PRODYE-S can double output when processing lightweight denim. The market has been extremely impressed by the performance offered by KARL MAYER ROTAL’s indigo dyeing machines. Demand has been increasing continuously since 2015, and has been especially high this year. Turkey, in particular, has placed a large number of orders.
A large number of orders was placed in 2017
Turkey is a lucrative market for KARL MAYER ROTAL. Many large denim producers there are already working with the PRODYE-S machine and have placed follow-up orders this year. Follow-up orders have also been received from companies in Mexico. Machines have also been delivered to companies that are new to this technology – in Turkey and Iran as well. Turkish companies are also contributing to the success of the PRODYE-R. This rope dyeing machine was only delivered in May 2017. It was sent to Algeria as part of a large project, under the auspices of TAYAL, a joint venture involving the participation of the Turkish company, Taypa. Turkey invested in another PRODYE-R machine in the autumn of this year.
KARL MAYER ROTAL invited any specialists who were interested to travel to Vietnam to see a practical demonstration of its indigo dyeing machine. One customer, who has been working with the PRODYE-S since February 2017, made his company available for the open-house show, and reported on his experiences. The event was attended by a small yet highly qualified group of people. The visitors came mainly from the host country, but also from Hong Kong, Indonesia and China. The next opportunity to see KARL MAYER ROTAL’s DENIM machines will be at the ITM International Textile Machinery Exhibition in Istanbul, which will take place from 14 to 17 April 2018.
Designed by experts
What makes PRODYE so interesting for the denim sector is that it is based on well-thought-out components. One of these innovative elements is the Double Vario dyebath, which operates on the basis of a well-thought-out cross-flow system for perfect dye liquor circulation to give a uniform dyeing result. Additionally, the Quick Oxidation zone operates with temperature-controlled air flow to guarantee uniform dye uptake. Rejects are also reduced and the colour tone of the warp yarn sheet is more uniform than with conventional techniques. The third important guarantee of success is the PROSIZE® sizing machine, which is equipped with the VSB and HSB size boxes. “These size application systems are becoming more and more popular, since they offer numerous advantages,” says Dieter Gager, the Sales Director. The PROSIZE® uses up to 10% less size than similar conventional systems on the market. Uniformity is improved and less fibre dust is produced, which improves weaving efficiency. It is ergonomically designed and provides greater process transparency. With an operating rate of up to 180 m/min, it is extremely fast and can also be used flexibly. The yarn sizing range, which depends on the number of yarns and the yarn count, may be up to 20% higher than on conventional sizing machines. The working width is 3,200 mm maximum. Another advantage of the PROSIZE® is that it reduces the number of rejects, because stoppage marks caused by over-sizing are greatly reduced, even when the machine is stopped for long periods.
Source: Textile World
