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 […]
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 […]
1) PSF producers in few markets of China raised offers. PTA futures market was adjusted in a small range, and the overall polyester market was under strong correction as a result there was increase in PSF offers by around 50-100 Yuan/ton. 2) VSF prices remained firm. VSF producers generally stuck to their fresh offers, while […]
Fancy yarns have been essential components of modern fashion and have been gaining more reputation in the clothing sector, especially denim, and in furnishing and draperies. Demand for intricate fabrics with distinguishing characteristics is growing, winning larger shares of the textile market. Marzoli has been the 1st manufacturer to introduce a fully integrated fancy
Bangladesh produced cotton meets only 2-3 per cent of the domestic garment industry’s demand. Bangladesh produced 0.16 million bale fiber cotton in 2016-17 fiscal. To meet the growing demand of the garment industry, government has to spend around $4.5 billion a year to import cotton. India’s garment exports are expected to register a 15-18 per […]
