The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) has urged the Union minister of commerce and industry Suresh Prabhu for inclusion of yarns and fabrics segment under Rebate of State Levies (RoSL) scheme. In their representation, the council has also requested for 6 per cent RoSL rate to be considered for rebate of yarns and fabrics exports. The state taxes and duties are neither included in the ambit of GST nor rebated, said SRTEPC adding that these charges embedded especially on yarns and fabrics exports are around 6 per cent of FOB value of exports. In the meeting with the minister, council members discuss various issues being faced by the MMF textile segment regarding export promotion incentives, GST, MEIS Scheme, etc. Chairman Narain Aggrawal informed the minister that it has been a real challenge for the MMF textile segment, to cope up with the GST regime. Being under inverted duty structure, the MMF textile trade and industry has been receiving step-motherly treatment as compared to other fibres segments. "Over 14 months have passed since the new tax regime was implemented in India, but unfortunately, there are various anomalies in the GST system that has been affecting the MMF textile segment."On priority basis, the government should consider various issues including refund of Input tax credit availed on input services, inclusion of MMF textile products falling under equal or lower rate of GST, refund of IGST on capital goods, removal of double taxation on ocean freight, immediate refund of accumulated Input Tax credit and inclusion of MMF textile products falling under equal or lower rate of GST. Also, exclude import of capital goods from GST as it is adversely affecting investment in the textile sector and defeating the purpose of the 'Make in India' initiative of the government. Ronak Rughani, vice-chairman, SRTEPC pressed on the issue of ITC lapse mentioned by the government. The lapse of unutilised credit will be a huge setback for the textile exporters as this provision is against the basic settled principle that the right validly earned cannot be extinguished. He informed the minister that the lapsed amount is leading huge losses in the books of accounts as the same has now become cost of business for the exporters. The recent US sanctions on Chinese imports of fibres, yarns and other textiles will make these items highly prone to dump in India by China. To set off this situation China is considering further increase in its subsidies on the textile exports which will lead to further escalate the imports into India. In view of this recent Chinese development, SRTEPC requested the minister for incentivising the textile sector to increase competitiveness of the Indian textile industry globally. "MEIS scheme gives much needed cushion for increasing competitive edge of the MMF textiles that have been facing tough price competition from countries like China, Taiwan, Korea, Indonesia, Vietnam, etc. The governments of the South Asian countries incentivise exports through refund of duties as high as 17-21 per cent apart from giving multi-layer subsidies," said Rughani urging the minister that rewards under MEIS Scheme need to be extended to all MMF textile items including fibre, yarns, fabrics and made-ups and MEIS reward rates should be increased to 5 per cent for all the MMF textile tariff lines. (RR)
Source: Fibre2fashion
Rising for the third straight day, the rupee strengthened by 55 paise to settle at 73.57 against the US dollarNSE 3.16 % Friday, marking its biggest gain in over three weeks as global crude prices eased and domestic indices staged a smart rebound. Steps taken by the government to curb non-essential imports and anticipation of more measures to attract foreign inflows have boosted sentiment in the market, traders said. The government Thursday hiked the import duty on certain communication items, including base stations, to up to 20 per cent as part of efforts to check a widening current account deficit and shore up the rupee. The domestic unit finally settled for the day at 73.57, up by 55 paise. This is its biggest gain since September 19, when it had jumped 61 paise. According to Rohit Srivastava, Fund Manager – PMS, Sharekhan by BNP Paribas, there is "expectations that the government will take action on the weak rupee".Forex dealers said bullish trend in the equity market as well as easing crude oil prices also supported the rupee's upward movement.
Brent crude was trading at USD 80.65 per barrel.
The International Energy Agency on Friday revised lower its growth forecast for global oil demand for 2018 and 2019, citing high prices, trade tensions and a less favourable economic outlook. Meanwhile, the BSE Sensex Friday posted its biggest single-day gain in 19 months, soaring over 700 points, as global markets rebounded after two straight sessions of losses. The BSE Sensex settled up by 732.43 points, or 2.15 per cent, at 34,733.58. The broader Nifty ended the week at 10,472.50, up 237.85 points, or 2.32 per cent. Foreign investor’s net sold shares worth Rs 1,322.13 crore Friday, provisional data showed. The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the dollar at 73.7967 per dollar. The reference rate for euro was fixed at 85.5545 and for the British pound at 97.6537. The reference rate for 100 Japanese yen was 65.67.
Source: The Economic Time
NEW DELHI: Retail inflation in September marginally moved up to 3.77 per cent in September from 3.69 per cent in August, data released by the ministry of statistics and programme implementation showed. The inflation numbers inched up due to higher food and fuel prices and a depreciating rupee. A Reuters poll had suggested that the retail inflation in September may accelerate to the Reserve Bank of India's medium-term target of 4.00 per cent, higher than August's 10-month low of 3.69 per cent. "The story on food has been very much comfortable this year. So much so that it could help mitigate a lot of pain because of the rise in crude prices and a falling rupee," Tushar Arora, senior economist, HDFC Bank told news agency Reuters. Another set of data released showed that the August industrial output (IIP) grew at 4.3 per cent in August, down from 4.8 per cent posted in the same period last year. When compared with July 2018, the industrial production growth or factory growth slipped to a three-month low in August mainly due to a sharp decline in the mining sector output and poor offtake of capital goods. The IIP growth is the lowest since May when industrial production grew at 3.9 per cent. Factory growth expanded by 6.8 per cent in June and 6.5 per cent in July. The RBI last week held interest rates unchanged, surprising many market watchers who anticipated a third consecutive hike, but shifted its stance from "neutral" to "calibrated tightening" in a nod to pricing pressures.
Source: Times of India
New Delhi : The government Friday said Rs 71,169 crore worth GST refunds have been disposed of till date and refuted trade body FIEO's claim that Rs 22,000 crore is stuck, saying the figure is exaggerated and inaccurate. The Finance Ministry, in a statement, said refund claims are being cleared expeditiously and asked export bodies to refrain from putting out "unsubstantiated" claims as they cause "needless alarm" amongst the exporters. The Federation of Indian Export Organisations (FIEO) had earlier this week said Rs 22,000 crore GST refunds are pending with the government, which is creating liquidity problems for exporters. FIEO said refunds of about Rs 7,000 crore are pending on account of Integrated GST (IGST) and about Rs 15,000 crore due to input tax credit (ITC) as of September 30. The Finance Ministry termed these figures as "exaggerated and thus inaccurate". It clarified that IGST refund worth only Rs 3,065 crore is held up due to deficiency in claims filed, and the quantum of pending ITC refund is only Rs 2,077 crore. "It is a fact that a large number of exporters have been granted refunds so far while a few claims are still pending owing to deficiencies found in the claims," it said. The ministry said 92.68 per cent (Rs 38,824 crore) of the total IGST refund claims of Rs 41,889 crore have already been disposed. "The remaining claims amounting to Rs 3,065 crores are held up on account of various deficiencies which have been communicated to exporters for remedial action," it said. In the case of ITC refund claims with the Centre and states, the pendency as on date is only Rs 2,077 crore, the ministry said. "Out of the refund claims of Rs 39,372 crore received, provisional/final order has been issued in case of refunds amounting to Rs 32,345 crore. In claims amounting to Rs 4,951 crore, deficiency memos have been issued," it added. "Thus, actual pendency is far less than is being put out for the knowledge of the public. The overall disposal of GST refunds is Rs 71,169 crore till date. Refund claims without any deficiency are being cleared expeditiously," the ministry said. It said that efforts are being made continuously to clear all the dues on account of pending refund claims. "Co-operation of the exporter community is solicited to ensure that they exercise due diligence while filing GSTR 1 and GSTR 3B returns as well as Shipping Bills," the ministry said and assured the exporting community that all their eligible refund claims will be sanctioned without any delay.
Source: Financial Express
The index of Real Effective Exchange Rate (REER) hit a more than two-and-a-half year low of 111.40 in September. The decline raises further hopes for export. However, the decline during the first nine months has not been very sharp which shows that the rupee might have lost over 13 per cent against dollar, but is mostly stable or in some cases has appreciated against other major currencies such as euro, British pound or Japanese uen. The index is a basket of six and 36 currencies. For in-depth analysis, 36 currency basket has been taken with a base year of 2004-05. Euro has the highest trade weights of 12.69 followed by UAE dirham, Chinese yuan and US dollar at 11.44, 10.84 and 8.8, respectively. The index is based on Consumer Price Index (CPI) and reflects the external competitiveness of a country. Conceptually, the REER, defined as a weighted average of nominal exchange rates adjusted for relative price differential between the domestic and foreign countries, relates to the purchasing power parity (PPP) hypothesis. The RBI publishes this index in its monthly bulletin. Index of REER without inflation becomes Index of Nominal Effective Exchange Rate (NEER). According to the International Monetary Fund (IMF), REER is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs. An increase in REER implies that exports become more expensive and imports become cheaper; therefore, an increase indicates a loss in trade competitiveness. D K Pant, Principal Economist with India Ratings, said while the rupee has depreciated sharply vis-a-vis US dollar, REER has remained fairly stable during May-August. “However sharp depreciation in September vis-a-vis major currencies such as Dollar, Pound Sterling, Yen, Euro and SDR led to reduction in over valuation of the rupee vis-a-vis trading partners. This augurs well for exports growth,” he said.
Mixed picture
Ajay Sahay, Director-General, Federation of Indian Export Organisations (FIEO), said the current situation presents a mixed picture. “Since 60 per cent export invoices are in dollar and the exchange rate of rupee-dollar is very volatile, so gain for exporters will be slightly uncertain. However, new order at the current level will give good gain. On the other hand, euro and British pound are comparatively stable, so exporters would like to deal more with these currencies,” he said, while adding that countries with currencies depreciated much more than rupee, like Turkey’s Lira, will have better competitive advantage in some goods. The Government has always maintained that though rupee shed a lot against US dollar, there is a need to show how it has performed against other major currencies. The data shows that the situation is not bad in this regard. This means there are no fundamental problems with the rupee. There are factors such as US Federal Reserve raising rate or trade war between US and China affecting the Indian currency most. “Whenever we talk about current situation of Indian rupee, a balanced picture should be presented which rupee versus dollar and rupee versus foreign currencies minus dollar,” a senior Finance Ministry official said. He also said that depreciation of rupee has a positive side as it increases the export competitiveness. The government expects export to grow over 16 per cent during the current fiscal, while trade data for the first five months show that growth has been on the estimated line. However, there is fear that if China devalues its currency more to challenge US’ move in tariff war, it may have some impact on the Indian goods being exported. This is because Chinese goods will become much cheaper in the global market.
Source: Business Line
BENGALURU: Home textile manufacturer Welspun India has collaborated with UN Women, a subsidiary of the United Nations that works toward gender equality and women empowerment. The association will help women at all levels of the value chain access skill-building initiatives in technical and entrepreneurial sectors. The aim is to create sustainable livelihoods to establish gender equality in the workforce, drive equal payment opportunities, encourage women to take up leadership roles and create a zero-harassment work environment. Nishtha Satyam, deputy representative, UN Women, office for India, Bhutan, Maldives and Sri Lanka, said that the economic and human development costs of gender gaps are enormous and there are potential gains from closing them. Evidence suggests, she pointed out, that bringing more women into the workforce would unlock trillions of dollars for developing countries. Nishtha Satyam, deputy representative, UN Women, office for India, Bhutan, Maldives and Sri Lanka, said that the economic and human development costs of gender gaps are enormous and there are potential gains from closing them. Evidence suggests, she pointed out, that bringing more women into the workforce would unlock trillions of dollars for developing countries. “It is now acknowledged that women in businesses and management can be a game-changer and drive inclusive economic growth and more sustainable enterprises,” Satyam explained. “Investing in gender equality and women’s empowerment is a key step toward human rights and equality It is also simple, sound business and social logic.” Dipali Goenka, CEO, Welspun India, said, “This strategic partnership with UN Women will strengthen the capabilities of 500 women entrepreneurs and embed them within organized value chains ensuring enterprise development, supply chain and marketing practices that will empower women,” she said. “Establishing joint advocacy platforms with UN Women will promote greater representation of women in leadership across corporate India.”
Source: Economic Times
Following a series of sideline meetings of the Turkey-Africa Economic and Business Forum between a Ghanaian delegation and Turkish investors, some textile-garment manufacturing giants from the latter will expand their presence to the former. The October 10-11 forum had the theme ‘Invest in a Sustainable Future Together: Turkey and Africa’. Garment and Textiles is one of the strategic sectors selected by the Ghanaian trade and industry ministry under its industrial transformation plan with a special focus to generate employment and foreign exchange, according to media reports from Ghana. A deal for a Turkish company to establish a ‘One-District-One Factory’ project in the Shai Hills area was also reportedly finalised. (DS)
Source: Fibre2Fashion
FAISALABAD: Skilled manpower is imperative to support existing value added textile sector for growth and to earn foreign exchange, besides creating maximum job opportunities for the unemployed youth. An Memorandum of Understanding (MoU) was signed between knitwear industry and Punjab Vocational Training Council with the courtesy of GIZ, said sources. Kashif Zia Senior Vice Chairman (SVC) Pakistan Hosiery manufacturers Association (PHMA) North Zone, while addressing the ceremony, said that survival of textile industry was directly linked to innovation and gradual value addition in the entire chain of textile. Muhammad Ilyas Principal Punjab Vocational Training Council said skilled newly trained workers were being absorbed in these industries. The meeting was also attended by Hammad Hussain, Sulman Butt of GIZ, Asif Iqbal of Cosy international and Muhammad Ayub in addition to other members of PHMA.
Source: Business Recorder
Tajikistan has enjoyed an increase of around 30% in its production of textiles and clothing in the first eight months of the year. Exports are also growing. The country has also seen an increase in leather production, most notably in footwear. During the eight-month period, the amount of leather goods produced accumulated over $5 million. Tajikistan, however, imported nearly $6 million worth of footwear, exporting only just over 25k worth.
Source: Leathermag
Apart from giving priority to a low-carbon economy, Bangladesh has undertaken widespread reforms related to making existing and future industries, including those in the leather and readymade garment (RMG) sectors, environment-friendly, industries minister Amir Hossain Amu told the Fifth Green Industry Conference for Sustainable Development in Bangkok recently. The conference was organised under the auspices of the United Nations Industrial Development Organization (UNIDO) and the UN Economic and Social Commission for Asia and the Pacific (UNESCAP). A green financing and green banking policy to finance low-carbon and resource-efficient small and medium enterprises and supply value chains of RMG industry is being pursued as well, Bangladesh media reports quoted Amu as saying at the conference. Hundred eco-friendly special economic zones have been set up by the government with green industrial standards for plants treating effluent and water, he said.
Source: Fibre2fashion
Representing a growing upholstery and decorative fabrics segment, around 400 international manufacturers are expected at Heimtextil, showcasing the huge spread of upholstery and decorative fabrics as well as upholstery and artificial leather. The world’s leading trade fair for home and contract textiles will take place during January 8-11 2019, in Frankfurt. “The upholstery and decorative fabrics segment has been growing very successfully for several years now. In 2019, all the relevant European suppliers of upholstery and decorative fabrics, upholstery and artificial leather will be presenting themselves across the three levels of hall 4 for the first time,” says Olaf Schmidt, vice president Textiles and Textile Technologies at Messe Frankfurt. The most important manufacturers of upholstery fabrics from Asia which have export experience will also be represented. All in all, Heimtextil combines the world’s largest and most international range in this segment, thus creating the best order options for buyers from the furniture and home textile industries. Healthy living and working remains one of the top themes in the interior textiles sector. Furniture and decorative fabrics also make a contribution: they are able to optimise rooms climatically and acoustically and decisively improve the feel-good factor. In this respect, the on-trend fabrics are certified organic, waterproof and/or flame-retardant. At the same time, the textiles – despite all their high-tech – have a very natural appearance. This also applies to outdoor fabrics in linen, flannel or woven looks. When it comes to soft feel-good textiles for indoors, high quality wool is exploited to the full. Also on the rise are denim fabrics that sometimes give the interior a casual touch. The first day will see a design dialogue with the Heimtextil trend managers about the latest design trends in upholstery and decorative fabrics. The trend researchers will invite representatives from the upholstery industry to exchange views on current topics. The show will have strong presence of top European producers such as Gruppo Mastrotto, Manifattura Tessile Di Nole, Martinelli Ginetto, MCA, Prosetex and Sirio Tendaggi from Italy, Boelert & Moens, De Poortere Frères, Symphony Mills and Tessutica (with the Beaulieu brand) from Belgium and Albatros, Bernard Reyn, Pintail and Reynaldo from the Netherlands. Top players from Spain - Manuel Revert, Santa Amalia Alta Decoracion (with the brand SATI) and Textiles Vilber – will also be present. In addition, Dina Vanelli Tekstil and Güleser Tekstil from Turkey, and Gebrüder Munzert, Konrad Hornschuch, Leder Schreyeck, Textum and Vowalon Beschichtungen from Germany will participate. There will be high-quality products for commercial textile furnishing at the Interior. Architecture.Hospitality Expo”. Architects, interior designers and hotel furnishers will find high-quality products for commercial textile furnishing, such as textiles with an acoustic function or with special abrasion-resistant properties. Crypton from the USA and Anavil Europe from France will be exhibiting for the first time at Heimtextil and will be presenting fabrics specifically for contract furnishing. Another highlight will be a large-scale presentation by Trevira. “We will further expand the concept of the Trevira CS joint stand in 2019. This means that we will be represented at Heimtextil with a larger number of customers and thus also the highly flame-retardant Trevira CS collections. Trevira will also be presenting a trend area especially for the contract market, where visitors – in particular interior designers, designers and furnishers – can find out about innovative textiles and colour trends,” says Dr. Isabell Lammel, manager Communications at Trevira. The German manufacturer of high-tech polyester fibres and filaments will showcase its new products alongside its well-known partners, such as Getzner Textil from Austria, Engelbert E Stieger from Switzerland, Hoftex from Germany, Johan van den Acker from the Netherlands and Tessitura Mario Ghioldi from Italy. The exhibition will showcase the largest range of manufacturers from Asia. They will present a wide range of furnishing and upholstery fabrics on three levels. This is where foreign traders and wholesalers focusing on volume-oriented orders can meet manufacturers with whom orders can be placed in medium and high quantities and supplied in a timely manner. In addition, the exhibitors will offer a varied range of products manufactured especially for retailers and bearing their own brand name. D Decor, GM Syntex and SVG Fashion from India will be among those represented. In addition to the joint presentation by Trevira, numerous manufacturers of fibres and yarns will exhibit at Heimtextil, spread across various product segments. The range extends from traditional materials and eco-certified yarns to high-tech fibres for use in highly specialised areas. Among the 20 producers are pioneering companies such as Dralon from Germany, Lenzing from Austria, Reliance from India and Torcitura Lei Tsu from Italy. (SV)
Source: Fibre2fashion
The major hindering factors in the textile industry today are mainly lack of inputs and management experience. Shortage of inputs, especially the shortage of cotton has been constraining the sector from productivity. However, the country is exerting more efforts to provide sufficient lint cotton to the sphere companies. This fiscal year, the nation has planned to supply 60,000 MT cotton to the industries. The major measure that has been taken to curb the shortage was cultivating a wide cotton cropland which is part of the national cotton development strategy. Aimed at substituting imported cotton to textile industries and save foreign currency, Ministry of Agriculture and Livestock is working to improve cotton production. The ministry is exerting efforts to improve cotton production so as to permanently stop importing and launch exporting cotton within 15 years. This could be realized through installing technologies and encouraging private owners in the sector, Ministry Crop Cultivation Expert Getachew Mulye stated. He believed that if the ongoing efforts are enhanced, the country would possibly stop importing and export cotton to the international market shortly. The ministry would properly utilize the sphere resources including wide cropland, suitable environment and sufficient labor force for improved cotton productivity, Getachew said. Today, the country is exerting efforts to cover 100, 000 hectares of land and produce 280,000 tons of cotton. The national endeavor is to solve the problem related to shortage of cotton that caused by the increasing number of textile industries. Of course, shortage of cotton among other inputs has been highly affecting the sector industries from producing a high volume product based on their plan. And this restrained the country to get the needed benefit from the textile industry. The information from the Ethiopian Textile Industry Development Institute indicated that the country’s textile industry is running under capacity despite the human and natural resource. Last year, the institute has earned 109 million USD which is 46 percent of the annual plan. The low accomplishment is the result of companies’ low execution capacity and lack of inputs, said Institute Director General Sileshi Lemma. On the other hand, additional hindering factors including absence of market linkage and the delay of some industries to run business have been constraining the sector, he told. This year, the nation has planned to generate 240.4 million USD from textile and apparel product export. By doing so, the institute would create 30,000 jobs in the sector and support 32 medium and large scale apparel investment projects to begin production. According to Sileshi, most of the textile industries are employing less than sixty percent from the general capacity. There is power fluctuation which adds more to the less productivity in the sector. The institute is working with stakeholders to reduce challenges and achieve a better result. It is working with the government bodies to facilitate foreign currency to run the sector with its full swing by enabling the industries using at least eighty percent of their general capacity. The effort is to improve the export of finished textile product and increase the gain secured from it, according to the Director General. Among the 68 textiles and apparel industries that have been producing export textile product, 20 of them are running by local investors. And they have achieved 16.8 million USD or 44 percent of their plan last fiscal year. The internal problem among the industries is lack of management and technical experience. The industries have low management capacity to improve productivity and product quality when they are compared to the sector industries in the world. Consequently, the institute is working to support the industries by specifying their shortcomings. It has been giving operation system training on how to improve the quality of products through implementing Kaizen system. On the other hand, the institute is also working with UNIDO to facilitate such supports to the industries through participating experts from nine higher learning institutions including universities and TVETs to bring about modern production scheme that goes with the current world system. The enhanced support includes the whole companies engaged in the textile industry whether those working in the industrial parks or running in their own industries. Therefore, supporting the industries to run business with full capacity would help the country to secure more income from textile product export. To this end, working closely with the industries would help to reach them with the needed type of support. Moreover as it is going well, strengthening the universities and industries linkage would help to improve productivity through employing world-class knowledge. It is also significant to make smooth the way forward. Furthermore, to upgrade the country’s textile industry, major stakeholders need to know pretty well one thing that how to utilize the plenty human resource, inputs and the suitable environment.
Source: Ethiopia Nation
Four textile machinery manufacturers associations UCMTF of France, AMEC of Spain, Symatex of Belgium, and BTMA of Great Britain are set to organise the European Textile Machinery Roadshow. The show for apparel, carpeting, and technical (automotive) textile machinery firms will be held in Mexico on November 20, 2018 and in Puebla on November 21, 2018. More than 18 manufacturers have joined the show. On the Mexican side, the initiative has also received a strong support from Canaintex and Citex. Then, a two day programme has been set up. The European textile machinery manufacturers will welcome the Mexican textile and carpet manufacturers and present them their latest technical innovations and services in Mexico and Puebla, according to a UCMFT press release. The machines cover nearly all the textile industry, from fibre processing to dyeing and finishing and even recycling through weaving, circular knitting; all end uses markets, textile for apparel, home textiles, carpet manufacturing and technical textiles for the automotive manufacturers for example. This is a very convenient opportunity to meet these state-of-the-art machinery manufacturers, meet them at the highest levels, know them better, discuss about your projects. They are already or can become your technology partners to design new products, improve your production processes, increase your raw materials, energy and water savings and introduce new features of industry 4.0. Alliance Machines Textiles with dyeing and finishing machines, BMS Vision with hardware and software for Manufacturing Execution Systems (MES), Canmartex with large-diameter circular knitting machines for knitted fabrics, Garnett Controls with online weight controls, blending and dosing, Cygnet Texkimp with fibre handling and converting machines for technical markets, Gomplast with coating rollers with rubber, polyurethane, and fluoropolymer, and Icomatex with machinery for washing and textile finishing, will participate in the show. Other companies include James H. Heal, Jeanologia, Laroche, N. Schlumberger, Pirobloc, Picanol, Rousselet & Callebaut De Blicquy, Superba, Tacome, Trelleborg, and Van De Wiele. (GK)
Source: Fibre2fashion
Washington : A top US envoy on Iran is headed to India this week for talks ahead of the November 4 deadline set by the Trump administration for countries to bring down their import of Iranian oil to zero. In addition to India, the Special Representative for Iran, Brian Hook will be travelling to Europe to further discuss US foreign policy toward Iran. During this week-long trip, Hook will engage “allies and partners on our shared” need to counter the entirety of the Iranian regime’s destructive behaviour in the Middle East, and in their own neighbourhoods, the State Department said. In India, he will meet Francis R Fannon, Assistant Secretary of State for Energy Resources, for consultations, and in Luxembourg, he will attend meetings with officials gathered for the European Union meeting of ministers. In France, Hook and Bureau of Energy Resources officials will meet with the executive director of the International Energy Agency, and in Belgium, he will meet with EU counterparts to discuss the Iranian regime’s continued missile proliferation, the State Department said. Meanwhile, it said it expected all allies and friends to bring down their purchase of Iranian oil to zero or be ready to face punitive sanctions beginning November 4.
Clear policy
Responding to questions on reports that India will continue to purchase oil from Iran after November 4, State Department spokesperson Heather Nauert said this was not helpful. “Overall with regard to those sanctions that will take effect on November 4th—and you’re referring to the oil sanctions for Iran and countries that choose to continue purchasing oil from Iran—we have conversations with many partners and allies around the world about those sanctions,” she said. “We make our policies very clear to those countries. We continue to have conversations with the government of Iraq about that particular issue and the implications for the reimposition of sanctions that were previously lifted or even waived under the JCPOA,” Nauert said. The Trump administration has given the same message to all countries around the world, and the President has said that the United States is committed to re-enforcing all of its sanctions. “We believe that countries coming together and recognising the malign influence that Iran has had around the world is important. We know that Iran and the government of Iran has taken the benefits that it received under the JCPOA and they’ve poured that money not into their own population, not into the good of the people, not into its medical hospitals and things of that nature, but rather they’ve used it for its own nefarious programmes,” Nauert said. Noting that she has seen reports of India continuing to buy oil from Iran after November 4, she said this was a topic of conversation with the Indian government when Secretary of State Mike Pompeo was in India last month. “The President had addressed it—I believe it was just earlier today—which he was asked about that question about whether or not India would buy oil from Iran after sanctions are reimposed. And the President said...we’ll take care of that,” she said. “He was asked also about CAATSA sanctions and possible imposition of CAATSA sanctions. And he said, you know, India is going to find out. And India will find out. We’ll see. So I’m not going to get ahead of him, but certainly when we hear about things such as purchasing oil or the S-400 systems, it’s not helpful. The United States government just reviews that very carefully,” Nauert said.
Source: Business Line
Aurora Specialty Textiles Group, a leader in coating, dyeing, and finishing of woven and non-woven fabrics, is selected by major textile machinery companies for the Specialty Graphic Imaging Associations (SGIA) expo 2018, in addition to hosting visitors at its own booth 2791. The printing industry expo will be held in Nevada, US, from October 18-20, 2018. Several major digital printer manufacturers and finishing equipment brands will use Aurora’s printable textiles, including Aurora’s new fully-expanded, Expressions canvas line, to demonstrate their newest, best, and most advanced printing and finishing technologies on the convention floor, Aurora said in a media statement. In booths 1476 and 1161, Aurora’s 120” wide Expressions Matte Canvas will be used to demonstrate HP’s Latex 3600 printer and Expressions 60” wide Gloss Canvas and 60” wide Expressions Décor Semi-Gloss Canvas will be used on the HP Latex 570. Mimaki, in booth 2161, will use Aurora’s Linen FR, Twill FR, and Uncoated Cotton Fabric to demonstrate Mimaki’s textile pigment inks. In booth 2397, Durst will use dual rolls of 96” Expressions Matte Canvas for the Durst Rho 512R LED printer. Fujifilm in booth 1119 will use Aurora’s 63" Pearl for Fujifilm’s Acuity Ultra 3208W. The Acuity Ultra 3208W is making its debut at SGIA. SwissQprint in booth 950 will use Aurora’s 122” wide Expressions Semi-Gloss Canvas to demonstrate the new Newsprint Nyala 3. Zund in booth 701 will use Aurora’s 60” Triple White to demonstrate Zund’s S3 L-1600 and the G3 3XL-3200 digital cutters. IT Supplies in booth 735 will use Aurora’s 60” Expressions Semi-Gloss & Matte canvases for the Canon OCE Colorado UV Gel ink and Epson S80 Solvent printers. IT will also transfer print on Aurora’s Accent Soft Knit 5oz with an Epson 9370 and IT will demo heat transfer on Aurora products with a Therm TX Rotary unit. (GK)
Source: Fibre2fashion
