India’s real gross domestic product (GDP) expanded by a record-high of 20.1 per cent in year-on-year (YoY) terms in the first quarter of this fiscal (Q1 FY22) in line with rating agency ICRA’s forecast of 20 per cent. But the sharp expansion is analytically misleading as the real GDP in Q1 not
Autefa has announced that it is set to supply two complete needle-punching geotextile lines to Confidence Infrastructure, one of the leading engineering solutions providers from Bangladesh. Autefa is a Germany’s solution provider for turn-key nonwovens lines and machines for carded crosslapped needlepunching lines, spunlace lines, and thermobonding lines. Using
Between July 30 and August 31, Brazil’s CEPEA/ESALQ Index for cotton increased by 7.9 per cent, closing at 5.3540 BRL/pound on August 31. A day earlier on August 30, the Index closed at 5.4748 BRL/pound, a new nominal record since CEPEA Index began in 1996. The monthly average in August closed at 5.2579 BRL/pound, 5.74 […]
Chief Minister Shivraj Singh Chouhan on Wednesday said that Madhya Pradesh has huge potential for investment in the textile sector. Work is being done to make the state a textile hub, which will provide employment opportunities to a large number of people.The Chairman of Sagar Group, Sudhir Kumar Agrawal, met Chief Minister Chouhan at secretariat […]
According to a report by investment information and credit rating agency ICRA, India’s apparel exports are likely to increase to $18 billion in calendar year 2015 and to $20 billion 2016 against $16.5 billion in 2014. The growth in India’s apparel exports will be supported by our expectations of increase in the global apparel trade […]
In the year 2015-2016, Bangladesh imported 6.2 Mn cotton bales and reinforced its position as the world’s largest importer. As forecasted by The US department of agriculture (USDA), Bangladesh’s imports may increase to 6.3 Mn bales in 2016-17. This increases Bangladesh’s share of global imports to over 18%, which is more than double its share
Polyester staple fiber exports during February amounted to 51,144 tons, tumbling 35.43% from the previous month and 22.17% y-o-y. There was price hike in January-end and mid-March, which risked China’s polyester staple fiber seriously on global competitive markets. Anti-dumping investigation against Chinese polyester staple fiber in Pakistan, caused drop in sales due to
Colombia is recognized internationally as a country which possesses great strengths in the textile and apparel businesses and, specifically, in the fashion business. The different international fairs are a clear example of the strengths of the textile-apparel business, as well as of the huge efforts being made to modernize the industry and respond to the […]
Reserve Bank of India (RBI) verdict of scrapping high value currency notes i.e. INR500 and INR1000 has received the mixed responses. Major impact has been seen on unorganized textile sector rather than organized textile sector. The decision is a setback for unorganized textile sector as it is dependent on domestic market for revenue generation. Demonetization […]
As the foreign competition has increased, the Russian government has approved a programme to protect the domestic textile industry under an existing government policy known as the “Strategy of development of textile and light industry in the Russian Federation for the period till 2025” from the current financial year. Investment set by the ministry of […]
