|
Item |
Price |
Unit |
Fluctuation |
|
PSF |
1166.76 |
USD/Ton |
-1.91% |
|
VSF |
1842.51 |
USD/Ton |
0% |
|
ASF |
2430.75 |
USD/Ton |
0% |
|
Polyester POY |
1182.97 |
USD/Ton |
-1.35% |
|
Nylon FDY |
2949.31 |
USD/Ton |
0% |
|
40D Spandex |
6887.13 |
USD/Ton |
0% |
|
Nylon DTY |
5712.26 |
USD/Ton |
0% |
|
Viscose Long Filament |
1466.55 |
USD/Ton |
-1.09% |
|
Polyester DTY |
2722.44 |
USD/Ton |
0.60% |
|
Nylon POY |
2576.60 |
USD/Ton |
0% |
|
Acrylic Top 3D |
1401.73 |
USD/Ton |
-1.70% |
|
Polyester FDY |
3257.21 |
USD/Ton |
0% |
|
30S Spun Rayon Yarn |
2560.39 |
USD/Ton |
0% |
|
32S Polyester Yarn |
1879.78 |
USD/Ton |
-0.85% |
|
45S T/C Yarn |
2868.29 |
USD/Ton |
0% |
|
45S Polyester Yarn |
2690.03 |
USD/Ton |
0% |
|
T/C Yarn 65/35 32S |
2592.80 |
USD/Ton |
0% |
|
40S Rayon Yarn |
2025.63 |
USD/Ton |
0% |
|
T/R Yarn 65/35 32S |
2479.37 |
USD/Ton |
0% |
|
10S Denim Fabric |
1.13 |
USD/Meter |
0% |
|
32S Twill Fabric |
0.99 |
USD/Meter |
0% |
|
40S Combed Poplin |
1.35 |
USD/Meter |
0% |
|
30S Rayon Fabric |
0.76 |
USD/Meter |
0% |
|
45S T/C Fabric |
0.78 |
USD/Meter |
0% |
Source: Global Textiles
Note: The above prices are Chinese Price (1 CNY = 0.16205 USD dtd. 16/03/2015)
The prices given above are as quoted from Global Textiles.com. SRTEPC is not responsible for the correctness of the same.
Recently, the Vigilance and Anti-Corruption Bureau (VACB) probed why readymade shirts were shipped into Kerala in parts. There is a 10 percent duty on imported readymade wear, but no tax on cloth. The levy is to protect the local tailoring industry, which employs thousands of people. It said that it stumbled on a racket that involved major corruption at the border check-posts.
In order to squeeze profits by evading tax, law breakers in the cloth retail sector regularly bribe check-post officials to “fraudulently assess” imported readymade wear as cloth on which there is no levy. Branded shirts are brought to Kerala in pieces. They arrive in bulk as “cut cloth” and corresponding sleeves from textile and knitwear hubs in neighbouring States. Cuffs, collars, and buttons are dispatched separately.
The pieces are stitched together and retailed through showrooms where, regrettably for buyers, there is no uniform pricing for readymade wear, which accounts for more than half the cloth sales in Kerala. Investigators said that the finding, among others, is the outcome of a study launched by ADGP Alexander Jacob to identify “corruption risks and integrity gaps” in the State’s revenue collection and public delivery mechanisms. It is found that the consignments were allowed to pass without checking for contraband.
SOURCE: Yarns&Fibers
India and the US have entered a “new era” in doing business and the attention deficit that plagued relations has now been done away with, Foreign Secretary S Jaishankar said on Monday. “Politically, we have removed many of the obstacles and impediments that prevent normal commerce between the two countries,” he said, adding that much will depend on how India promotes the climate of doing business. He was speaking at a conference entitled ‘India-US 2015: Partnership for peace and security’.
The Foreign Secretary accepted that a lot will depend on how the Indian Government is able to increase the ‘ease of doing’ business here. The two-day conference has been jointly organised by the Confederation of Indian Industry and Vivekananda International Foundation, among others. Taking a historical perspective of India-US relations, Jaishankar said that during the first 50 years there was limited convergence between the two nations. “The US objective was to keep India in play as a nation, a society, a power which expected economic aid,” he said.
Eye on the future
Speaking about the present, Jaishankar said that if people are overly anchored in the past then they will not see the opportunities and possibilities of the relationship. “At the same time if we overstate the progress and raise expectations, then I think we will come up short in many respects. That creates its own backlash,” he added. The Foreign Secretary said that India needs to be careful about how to “position and manage” the relationship adding that it was still in transition mode. “We are moving to a stage of substantial shared interest but it is happening in a step-by-step manner,” he said.
Talking about defence cooperation between India and the US, Jaishankar said that it was “broadly moving” in the right direction. “For the relationship to progress, India needs more economic muscle and that will depend on what it does to attract investment, because, at the end of the day, business goes where business is welcome,” he said. Jaishankar also said the removal of the nuclear issue has freed up the possibility of cooperation in the fields of defence and space.
SOURCE: The Hindu Business Line
More than four years, after it was proposed by the Manmohan Singh Government in 2011, India seems to enter the Teesta river water-sharing pact with Bangladesh, according to sources in the know. The deadlock was ended with West Bengal Chief Minister Mamata Banerjee deciding to walk the talk with the Narendra Modi Government in the Centre.
Background
While details of the proposed deal are not known, sources confirm movements both in Kolkata and Delhi to clear the deck for the international pact that should bring a major political relief to the Sheikh Hasina Government in Dhaka. India proposed implementing the land-swap deal (Land Border Agreement) and the Teesta water-sharing pact with Dhaka, in 2011, before the Sheikh Hasina Government sought re-election in 2014. Of the two, water sharing was politically more important to Dhaka.
Teesta, originating in Sikkim, flows through the northern parts of West Bengal before entering Bangladesh. The river is a major source of irrigation to the paddy growing greater Rangpur region of Bangladesh. Banerjee was agreeable to sharing water at the rate of 25,000 cusec up from the then daily discharge (from the Indian side) at 23,000 cusec. However, just before former Prime Minister Manmohan Singh was scheduled to visit Dhaka to ink the pack, Delhi proposed releasing 33,000 cusec. In a last-minute decision, the infuriated Banerjee refused to be a party to the deal causing national embarrassment.
Political resistance
Singh saved the day by signing a protocol to the 1974 Land Boundary Agreement (LBA). But the land-swap deal could not be implemented due to resistance from both Banerjee’s Trinamool Congress and the BJP. But all that seems to be a thing of the past now. LBA is now a certainty with all political parties unanimously batting for due constitutional amendment. The Bill will be placed for ratification of Parliament, most probably after the recess between March 21 and April 19.
SOURCE: The Hindu Business Line
The Indian economy, whose size is USD 2 trillion as of now, is poised to overtake the combined GDP of Japan and Germany in the next four years on the back of recent policy reforms and improved business confidence in the country, IMF chief Christine Lagarde said today. “Indeed, a brighter future is being forged right before your eyes. By 2019, the economy will more than double in size compared to 2009. When adjusting for differences in purchase prices between economies, India’s GDP will exceed that of Japan and Germany combined,” the IMF Managing Director said at a lecture here. “Indian output will also exceed the combined output of the three next largest emerging market economies Russia, Brazil, and Indonesia. So clearly India’s weight among the group of emerging markets will increase,” she said. “Recent policy reforms and improved business confidence have provided a booster shot to economic activity,” she said.
Using India’s new GDP series, the IMF expects growth to pick up to 7.2 per cent this fiscal year and accelerate further to 7.5 percent next year making India the fastest growing large economy in the world, she added. Asked if the International Monetary Fund (IMF) believes new series of data, she said “conditionally”. On whether the multilateral funding agency has sought for some explanation on how the new series have been arrived at she merely said, “yes”. Elaborating on reasons for rapid economic expansion, she said much of this has to do with population growth. “More than 50 per cent of India’s population is at present below the age of 25, and more than 12 million people enter the labour market every year,” she said.
By 2030, Lagarde said India is expected to have the largest labour force in the world. At more than one billion people of working age, India’s labour force will be larger than the combined labour force in the United States, the euro area, and Indonesia, she added. “The potential benefits to be reaped from your collective work efforts could be enormous. So, we know India can run- judging by your cricket record. I believe India can fly,” she said. As India grows and takes its rightful place in the global economy, the focus should remain on sound policies and inclusive institutions, she said.
SOURCE: The Financial Express
Aided by cheaper food, fuel and manufactured item prices, the wholesale prices index (WPI)-based inflation fell to record (-) 2.06 per cent in February — the fourth straight month when inflation has stayed in the negative zone. This was also the lowest level of wholesale price inflation since it was tracked in 2005 series.
While the WPI-based inflation was (-) 0.39 per cent in January 2015, it was (-) 0.50 per cent in December and (-) 0.17 per cent in November last year. The WPI-based inflation in February last year was 5.03 per cent. With inflation dropping to record lows, India Inc demanded further policy rate cuts by the Reserve Bank of India (RBI) to revive demand in the economy.
The central bank is due to meet next on April 7 for its monetary policy review. The current deflation in WPI-based inflation is in sharp contrast to the trend in consumer price index (CPI)-based inflation which hit a four-month high in February at 5.37 per cent. A large part of this gap comes on account of the different weightages for food in the two indices. While the weightage of food in WPI is 15, it is 50 in the case of CPI. Food prices have remained strong in recent months.
The sharp fall in WPI inflation is unlikely to nudge the RBI to cut policy rates for now. A stronger-than-expected CPI print in February could slow down the pace of RBI’s rate cutting cycle, say economists.
SOURCE: The Hindu Business Line
International crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 52.11 per barrel (bbl) on 16.03.2015. This was lower than the price of US$ 54.56 per bbl on previous publishing day of 13.03.2015.
In rupee terms, the price of Indian Basket decreased to Rs 3273.55 per bbl on 16.03.2015 as compared to Rs 3419.28 per bbl on 13.03.2015. Rupee closed weaker at Rs 62.82 per US$ on 16.03.2015 as against Rs 62.67 per US$ on 13.03.2015.
The table below gives details in this regard:
|
Particulars |
Unit |
Price on March 16, 2015 (Previous trading day i.e. 13.03.2015) |
Pricing Fortnight for 16.03.2015 (Feb 26 to Mar 11, 2015) |
|
Crude Oil (Indian Basket) |
($/bbl) |
52.11 (54.56) |
58.21 |
|
(Rs/bbl |
3273.55 (3419.28) |
3618.92 |
|
|
Exchange Rate |
(Rs/$) |
62.82 (62.67) |
62.17 |
SOURCE: PIB
Bangladesh handloom industry, a major source of earning for many rural people, is facing tough time. The handloom weavers are struggling for survival and are now forced to shift to other profession due to low wage coupled with lack of capital from the government. According to the BHB (Bangladesh Handloom Board) data, about 0.129 million handlooms were closed down (made inactive) over the last three decades due to fund crisis, throwing over 0.10 million weavers out of employment. Over 11 million people are employed in the handloom industry, which meets nearly 50 per cent of the country's fabric requirement.
The weavers are withdrawing from traditional handlooms due to a lack of necessary capital. The picture of the handloom industry is the same in every part of the country. Value addition by the handloom sector stands at Tk 10 billion. It meets over 40 percent of domestic textile requirement, accounting for 63 percent of textile production. The handloom industry meets the common people's requirements for saris, lungis, bed sheets and the like.
Lack of capital is one of the key reasons behind closing down of a significant number of handlooms in the country, said Marfat Ali, an inactive handloom owner of Delduar upazila under Tangail district. He will be able to start his inactive handloom again if the government provides fund support. Presently, the major problem of the industry is that the weavers do not get adequate wages for their labour. A senior weaver earns about Tk 2,600 to Tk 3,500 per month. Junior weavers get much less, around Tk 1,500 to Tk 2,000. As a result many weavers do not want their children to come to this profession.
Moreover, replacement of the labour-intensive handloom factories by mechanised power looms has created a serious problem of unemployment in handloom sector of the country. Illegal marketing of different fabrics is also responsible for the decline of Bangladesh's traditional handloom industry. The BHB disbursed Tk 597 million for 52,508 handlooms until January last.
There are over 0.5 million handlooms in the country according to the handloom census of 2003. Of the amount, some 0.129 million are outmoded till date. General Manager of BHB Hafiz Uddin said that they are trying their best to revive the country's handloom industry. They started over 50,000 inactive handlooms through microcredit programme again. The programme is going on. The government will take new steps to develop the sector. BHB provides microcredit to the weavers according to government directive.
SOURCE: Yarns&Fibers
Bangladeshi home textile entrepreneurs despite challenges like European Union’s GSP facility to Pakistan and current political turmoil are lured to make more investment in the sector due to the growing global demand for local home textile products. A good number of home textile manufacturers such as Unilliance Textile, Mom Tex, Fariha Group, Pakiza Group and Sad Musa have already invested millions of taka in new factories and expansion of their existing capacity.
China, India, Pakistan and Turkey which are traditional producers of home textiles have earned reputation for their product ranges. But Bangladesh's home textile industry is also growing fast, making it a promising contender among these competing countries. Newer opportunities are emerging ahead as buyers from China are shifting to Bangladesh. Good quality, commitments, low production cost, cheaper wages, duty-free access to some developed countries are the factors that weigh in favour of Bangladesh for the retailers to source from here.
Unilliance Textiles Ltd has undertaken a Tk 3.0 billion project to double its production capacity in stitching and weaving segments mainly to grab international demand for quality cost-competitive hometex products. Their production will reach 50,000 sets per day from existing 22,000 sets on completion of the project, said its International Account Manager Sabbir Chowdhury. Mr Chowdhury said that despite the rising global demand, there are a small number of supply companies in the country that encourages the company to make more investments.
Pakiza Group that produces sari and salwar kameez and mainly focuses on the local market, now plans to enter the global arena with its new unit -Mom Tex that is expected to produce home textile products soon. The project has been launched last year aiming to diversify theirr product range and market, said Md Mogahid Hossain Bulbul, Manager (Admin) of Mom Tex. They are expecting to start production at the end of this year.
Another company Sad Musa has come up with a huge investment plan worth Tk 25 billion (Tk 2,500 crore) to take hold of the growing demand for hometex products with a strong backward linkage support. Eight factories would be set up on 100 acres of land in Chittagong, said Shaikh Hasan Zaman, director of Sad Musa Fabrics, adding that four units have already been set up with the production capacity of 30 tonnes of yarn and 50,000 metres of fabrics per day.
Fifty percent of the yarn and fabrics is locally consumed while the rest are sold to the exporters. They will need to stop outsourcing once all their units go into production. European Union GSP facility for Pakistan, appreciation of the local currency against the US dollar and depreciation of EU currency against US dollar and lingering political turmoil are seen as major factors blocking the growth of the country's potential home textile exports, industry insiders said.
According to a recent study conducted by Bangladesh Foreign Trade Institute (BFTI), Bangladesh is likely to face strong competitive pressure from Pakistan in home textile trade. Pakistan has used the new GSP scheme more effectively than Bangladesh did. Due to the EU's new GSP scheme, Pakistan will become the main competitor of Bangladesh on the EU market. Bangladesh may face pressure in the days to come as home textile products will be the main victim of the new system, said BFTI director Dr Mostafa Abid Khan.
According to Nurul Islam, Chairman of Noman Group, one of the country's largest hometex product exporters, Pakistan is a cotton-growing country now enjoying the new generalised system of preferences (GSP) on the EU market. So, Bangladeshi-made home textiles are lagging behind Pakistan in terms of cost-competitiveness. The appreciation of taka and depreciation of EU currency against the dollar also eat up the competitive edge of locally made hometex products.
Political instability cast a negative impact on the overall export growth in this sector. Buyers are not coming to Dhaka to negotiate the future orders while call the local counterparts to a third destinations like Hong Kong and Singapore. A stable political situation is a must to keep the business running. Despite all the odds, Bangladesh has still some advantages against Pakistan, said Belayet Hossain, Managing Director of RTT Textile Industries Ltd. The yarn Bangladesh produces is better than that of Pakistan.
The sector could not flourish to the expected level due to lack of the government policy support while financial institutions like banks did not come up with funds as did for the garment sector, he pointed out. But Bangladesh has potentiality of earning $2.0 billion in next couple of years, said Belayet, also former vice chairman of Bangladesh Terry Towel and Linen Manufacturers and Exporters Association.
According to businesspeople, the industry now needs capacity building to capitalize on the upcoming opportunities to take a sizeable part of the world home textile market. They also sought government policy support, including cash incentives and reduction in bank interest rate. The country fetched $792.53 million by exporting home textiles in the fiscal year 2013-14 which was only $402.49 million in FY 2009-10. According to BTMA, some 17 mills produce about 556.39 million metres of home textiles a year. Industry insiders said the number of such mills is much higher, although their export volume is scanty. Bangladesh exports home textiles such as bed sheets, bedcovers, pillow and cushion covers, curtains, rugs, quilts, kitchen aprons, gloves, napkins and tablecloths to European Union countries, the USA, Canada, Mexico, Australia, Japan and Dubai.
SOURCE: Yarns&Fibers
BRICS (Brazil, Russia, India, China, and South Africa) group of nations is going to usher in a more equitable and fair global economic order in the years to come, according to several experts at a seminar on the future role of BRICS at Geetam School of International Business here on Monday.
HHS Viswanathan, former ambassador and Distinguished Fellow at the Centre for International Relations, Observer Research Foundation, New Delhi, said BRICS was a group of emerging economies with a great deal of similarities striving to bring about a paradigm shift in the global economic order. “It has floated the BRICS development bank not against the World Bank and the IMF, but to address issues not being addressed by the multilateral funding institutions. In emerging economies, there is a gap in funding infrastructure projects which the BRICS Bank will bridge,” he said and added that it should not be viewed “as west versus the rest but west with the rest.”
Growing differences
He said that BRICS would usher in a more equitable global economic order, in spite of differences among BRICS nations themselves. Too much emphasis should not be laid on the differences, he said. The view was echoed by the other speakers at the seminar. But there was a lone dissenting voice in Amit Dasgupta, former ambassador to the Philippines, who said that BRICS “is a peculiar, amorphous, disparate group” and it is not so easy to achieve the objective as there are a great many political differences among the five nations. He said economics could not be viewed in isolation.
Zhen Niu, the Deputy Minister Counselor in the embassy of China, Shridharan Satchidhanandan Pillay, the First Secretary in the High Commission of South Africa, and others also voiced their views. Prahalathan Iyer, the CGM of Exim Bank, said the trade balance between China and India was heavily in favour of the former, as imports from China into India far outweighed the exports to that country. This should be rectified, he added. There was a great scope for enhancing intra-BRICS trade.
SOURCE: The Hindu Business Line
Better Cotton Initiative (BCI) representatives has a meeting with the leadership of Uzbekistan’s state light industry company Uzbekengilsanoat during their visit to Uzbekistan last week to discuss introduction of the methodologies of Better Cotton in Uzbekistan which would help Uzbek farmers increase cotton harvest while reducing costs. At the meeting, BCI emphasized that the famous global brands producing knitting products have switched to purchasing raw cotton grown in accordance with BCI’s Better Cotton methodologies. This year, IKEA plans to completely switch to cotton grown by farmers using this methodology, and many other major textile producers also plan to switch to such system by 2020.
Introduction of this methodology in the production of cotton will allow Uzbek textile producers to further strengthen their position in the global market, according to experts. Cotton is an important export item for Uzbekistan. BCI welcomes the day when Uzbek cotton farmers will be able to benefit from the methodologies of Better Cotton. The Better Cotton Initiative (BCI) is a not-for-profit organization stewarding the global standards for Better Cotton, and bringing together cotton’s complex supply chain, from the farmers to the retailers.
The Better Cotton Initiative was founded in 2005 by leaders of the world market and international non-governmental organizations such as Adidas, Gap Inc., H & M, ICCO, IFAP, IFC, IKEA, Organic Exchange, Oxfam, PAN UK and WWF. This initiative is aimed at teaching farmers with new technologies of cotton cultivation that require less water and pesticides, improve labor standards, and increase farmers’ profits. In order to increase the fertility, different types of cottonseed and several methods of cultivation are used.
SOURCE: Yarns&Fibers
Pakistan Ministry of Textile is all set to restart cotton hedging in order to get ride of market uncertainty and to cover the risk of cotton price fluctuation after its approval in the new textile policy 2014-19. Ministry of Textile would soon call a meeting, in which representatives of Karachi Cotton Association (KCA), ginners association and growers would be taken into confidence and their proposals or objections would be noted. The new hedging would be established under Security Exchange Commission of Pakistan and in order to take all stakeholders on board. The KCA has past experience in operation of hedge market, infrastructure facilities, well updated bye-laws, which make its case very strong for restoration of hedge market under its control. However, the final decision of running the hedge would be taken after consultation with all stakeholders
According to KCA officials, the association has a comprehensive infrastructure and adequate by-laws for hedge trading in cotton. There are 320 licensed cotton brokers to facilitate trading of cotton among the ginners, spinners & exporters, including a Clearing House, Survey Room, Sample Room, Trading Hall, Fiber Testing Laboratory equipped with High Volume Instrument (HVI) Spectrum. The KCA has many times requested permission to restart hedge trading, stating, it has been performing hedge trading in cotton since 1934.
Following the nationalization of export trade and establishment of Cotton Export Corporation of Pakistan in the public sector, the Hedge Trading in cotton was suspended by an administrative order in 1976. Officials are very optimistic that after the start of cotton hedging market would become stable and farmers and ginners would be saved from abrupt and huge losses. Cotton hedging would completely remove cartels and monopolies in cotton market, which suddenly throw down or lift market, causing huge losses to farmers and others in supply chain. In the new trading system, any one person, group of persons, or firm can trade futures contracts.
Generally futures market participants fall into two categories. These categories are hedgers and speculators. In cotton hedging, one buyer ask the traders at the market to deliver cotton bales or thread at any future date, the trader, while considering crop size, demand, and present value, ask his supplier (it could be anyone in supply chain, from grower to ginner) the price of cotton at that given date, according to that information he give the prices of cotton for asked future date. It is not the first time that government wants to start the market; many times the matter surfaced but was dropped due to many factors, during last two decades.
If uncertainty from the market is removed; mafias would suffer as they would not be able to make money by creating artificial demand and supply differences, official said. The high-ups of the KCA, being the chief exponents of hedge trading, even before independence, have all along been protesting against the Securities and Exchange Commission of Pakistan (SECP) to allow it to start forward trading in commodities including cotton as it is its inherent right.
The KCA have been trying to restore hedge trading in cotton also, but their requests have since been turned down on various counts. Hedging is not at all un-Islamic. Recently,they have a ruling from Islamic Ideology Council, that cotton hedging does not fall under betting, and is allowed, official claimed.
Utility benefits and advantages of hedge trading in cotton has been affirmed and re-affirmed by the three official Hedge Contract Enquiry, committees set by government in 1953, 1965, and 1971. It is trying to ensure that no one could take advantage and all stakeholders get due representation, when the actual trade is started. They would be following the most modern model of New York hedge market.
SOURCE: Yarns&Fibers
Southeast Asia's major economies drew more foreign direct investment combined than China for the second straight year in 2014, as growth in their giant neighbour cooled. But by country, inflows into the region were uneven, swayed by political change and the varying costs of doing business. Overall FDI into Singapore, Indonesia, Malaysia, the Philippines, Thailand and Vietnam rose to a record $128 billion in 2014, estimates compiled by Thomson Reuters show. That surpassed the $119.56 billion that flowed into China. FDI into the Philippines grew the fastest, at 66 percent, while in Thailand, where the military seized power last year, inflows fell. FDI into Indonesia, the region's biggest economy, rose around 10 percent even though it was an election year.
As China's troubled manufacturing sector loses momentum, Chinese businesses will be venturing abroad to cut operating costs and to search for new markets, economists say. Manufacturing powerhouses in Southeast Asia should pay heed. "Rising wages in China are leading low-end manufacturers to look for other low-cost locations for their factories, with countries like Vietnam and the Philippines looking like attractive alternatives," said Dan Martin, Asia Economist at Capital Economics. "Asean is also a large market in its own right, and one with good long-term growth prospects. Given the general slowdown in other emerging market regions in recent years, it is starting to stand out."
The Philippines, the second-fastest growing major economy in Asia, attracts investors with its strong economic fundamentals. But one concern is the continuity of economic policies following the 2016 general elections. That means some investment decisions might be postponed. Slumping commodity prices could pinch on FDI inflows into resource-rich Indonesia and, to a lesser extent, Malaysia. Indonesian President Joko Widodo, who took office in October, is seeking more foreign investment in manufacturing to counter the volatile resources sector. But Indonesia has many improvements to make, particularly in its business infrastructure, to successfully challenge the region's manufacturing leader - Thailand.
SOURCE: The Global Textiles
Yarn Expo Spring 2015, a yarn and fibre trade fair opens its doors on March 18 at the National Exhibition and Convention Center (Shanghai). Nearly 250 exhibitors from 15 countries and regions, including Bangladesh, Egypt, Hong Kong, India, Indonesia, Mainland China, Pakistan, Portugal, Singapore, etc,. Yarn Expo will show a wide spectrum of natural and blended yarns like cotton, wool, flax & regenerated flax, man-made fibres and yarns as well as specialty products including elastic, fancy and blended yarns.
According to a press release from the organisers, Messe Frankfurt, the popular Indian Pavilion and Pakistani zone will return once again, offering competitive cotton yarn products. In the Indian Pavilion, hosted by TEXPROCIL, 55 Indian cotton yarn manufacturers will offer high-quality products, while 22 suppliers and exporters from Pakistan will join the Pakistani zone. Another 25 individual overseas exhibitors will also showcase their cotton and synthetic yarns, bringing the total overseas exhibitor number to over 100.
After receiving much positive feedback last year, the Chinese Fibre Pavilion will return once again with a special highlight; biochemical fibres. Moreover, several special zones, such as the Advanced Cotton Polyester Fibre Zone, Specialty Fibre Zone and Functional Fibre Zone, will feature the most advanced man-made fibres produced in China. A series of informative seminar sessions will also be held concurrently with the fair to provide show participants with the latest market insights.
This year, almost 30 seminar sessions will be held to summarise the new developments of cotton textile products and to outline the prospects of eco and functional fibres. “Designed by the China Chemical Fiber Association, the Trend Area is a must-visit place to see the new fibre trends in China,” Messe Frankfurt said. The fair will be held concurrently with three other textile trade events; Intertextile Shanghai Apparel Fabrics, PH Value 2015 and China International Fashion Fair 2015.
SOURCE: Fibre2fashion
