News articles

China opens online textile export license system as pact with EU nears expiry

A new online textile export license system has began operation in China, just days before a quota system for shipments to the European Union is to expire.

Chinaview.cn [© Xinhua News Agency]

Thailand: Industry chief upbeat on textile, garment industry growth

The Permanent Secretary for Industry, Chakkramon Phasukvanich, has voiced confidence that Thailand's textile industry will grow tremendously thanks to the implementation of the Japan-Thailand Economic Partnership Agreement (JTEPA) and the government's efforts to seek new export markets.

MCOT English News [© MCOT Public Company Limited]

Turkey : HIGHTEX & SAFETECH reflect growth in technical textile

The first and only exhibition in its field, HIGHTEX 2007 and SAFETECH 2007 Exhibitions brought the most important brands of Turkey and world together. More than 300 specialized companies introduced the latest products and technologies in technical textiles.

Fibre2Fashion [© Sanblue Enterprises Pvt. Ltd.]

India: Alok to focus on value-added products

Textile major Alok Industries is trying to enhance its product profile, besides opting for currency hedging and borrowing in foreign currency, to negate the impact of the rising rupee, which has appreciated by over 15 per cent over the last year. The company is focusing on value-added products such as organic cotton fabric, yarn-dyed fabric for premium shirting, and specialised work wear such as fire-retardant fabric, which can fetch higher margins.

Business Standard [© Business Standard Ltd.]

India: Textile industry ― global challenges

There has been a remarkable reversal of fortunes for the Indian textile industry less than three years after it was liberated from the quota-based curbs on exports to the US and the European markets because of the relentless rise in the exchange value of the Indian rupee vis-a-vis the dollar.

Sify [© Sify Ltd.]

Brazil targets Mideast for textiles

The Sao Paulo based Brazilian Textile and Apparel Industry Association hopes to increase Brazilian exports to the region as part of efforts to boost international trade for the country´s textile industry.

ArabianBusiness.com [© ITP DIGITAL]

Mexico urges talks on China textiles

Mexico wants direct talks with Beijing to resolve a looming crisis over Chinese textile exports, as an agreement restricting Chinese imports to Mexico is due to expire on Dec. 12.

Forbes.com [© Forbes.com LLC]

China implements export permits on textiles

China will implement permits for some textile products exported to the European Union from January 1, after the two sides agree to scrap quota restrictions on Chinese textiles.

EUbusiness [© EUbusiness Ltd]

India: Sourcing, a big opportunity for textile industry

The Indian textile and apparel industry has ample potential to grow further. However, that growth depends on competing effectively, consolidating the industry, moving up the value chain, and delivering better quality at effective rates and minimum lead time.

The Hindu [© The Hindu]

India offers capital subsidy to textiles

In a boost to Indian textile sector, the government has decided to extend the benefits of a technology upgradation scheme for five years up to 2012 under which capital subsidy and interest reimbursement for purchase of machinery will be given.

The Daily Star [© thedailystar.net]

China textile exports, profits rising sharply

China's textile exports are likely to jump 19 percent on year to $175.5 billion this year, while the industry's overall profits would rise 30 percent to 113.5 billion yuan ($15.16 billion), according to media reports.

The Economic Times [© Times Internet Ltd.]

China to look at license control, market entry issues in textile exports to EU

China will look at license controls and market entry issues to ensure steady growth of the country's textile exports to the European Union. China will issue licenses to exporters in eight categories of textiles that were put under a 'double checking system' between China and the EU for 2008.

Forbes.com [© Forbes.com LLC]

India: Niche segments hold key to textiles growth

The Indian textile sector will have to improve its product basket significantly to beat fluctuations in the domestic and international markets. Even though rupee appreciation has made the Indian textile sector anxious, the country’s expected cotton production will give opportunities to the market players to go for the big leap.

The Economic Times [© Times Internet Ltd.]

Asia’s major textile exporters invest in spinning

After the abolition of quota regime, Asia has become a hub of textile trade as major exporting countries of the region instead of importing yarn from Pakistan as the developed nations did, have invested heavily in their spinning industries to produce yarn.

The News International [© The News International]

Strong currency makes China, India lose textile market

Currency has become an important factor for low-cost textile producers as countries like China and India with appreciating currencies are losing their competitive advantage to Sri Lanka, Vietnam and Pakistan whose currencies are either stable or on the decline.

The News International [© The News International]

India: Textile sector to get a leg up with new technology mission

The government has proposed to set up a technology mission on technical textiles covering materials and products manufactured primarily for their technical performance and functional properties. The aim is to encourage new investment into the sector. Programme will focus on areas such as Mobiltech, Geotech, Packtech and Hometech which have high growth and bigger market share in the country.

YNFX [© YnFx – YarnsandFibres.com]

The Indian textile industry is diversifying

Under pressure from neighboring countries, and from the great domestic need for new textile products for various applications, the Indian textile industry is shifting to new areas with textiles for industrial end-uses.

Textile World [© Billian Publishing Inc.]

South Africa: Tradeoff

While Chinese imports dropped by more than a third initially, research by the Trade Law Centre for Southern Africa (Tralac) shows they have been substituted almost entirely by imports from other low-cost producers such as Pakistan.

allAfrica.com [© Business Day]

India: A stitch in time for textiles

The government plans to promote local textile brands abroad and clear the new technology upgradation fund scheme soon, according to commerce minister Kamal Nath.

The Telegraph [© The Telegraph, Calcutta]

India: 'The Chinese model can't work for textiles'

Questions & Answers, Arvind Kumar Singh, secretary, Ministry of Textiles

Business Standard [© Business Standard Ltd.]

India: Innovation key driver to boost India's textile exports

India needs to upgrade its manufacturing infrastructure, ensure aggressive global marketing and pump in resources if the country were enhance its exports to $50 billion by 2010.

The Economic Times [© Times Internet Ltd.]

China: South Africa limits import of 31 Chinese textile products

According to data released by government officials, after implementing quota management, South Africa has succeeded in limiting the import of 31 categories of Chinese products in the first half of 2007.

Fibre2Fashion [© Sanblue Enterprises Pvt. Ltd.]

Malaysia set to buy more textiles from India

Malaysia is set to buy more textiles from India next year as the first leg of the ASEAN-India free trade agreement to reduce and eliminate tariffs will be concluded by the end of the year.

People's Daily Online [© People's Daily Online]

China: Textile makers pay price of stronger yuan

OVERSEAS sales of Chinese textiles and garments may grow at a slower pace this year as a stronger yuan dampens the global competitiveness of domestic products and government export rebates take hold.

ShanghaiDaily.com [© Shanghai Daily Publishing House]

Vietnam: New difficulties for Vietnam’s textiles and garments

WTO membership has brought about many advantages for the textile-garment industry of Vietnam. However, new difficulties have emerged.

Viet Nam Net [© Viet Nam Net]

Turkish scientists develop cooling textiles

Products developed by the Aegean University (EÜ) Turkish Textile Association Joint Research Center, inspired hope with its cooling effect during hot summer days.

Turkish Daily News [© Dogan Daily News Inc.]

Thailand: Researchers add value to Thai fabrics

The Thailand Textile Institute has joined with the National Nanotechnology Centre to create innovative technology for use in the textiles industry.

The Nation [© nationmultimedia.com Thailand]

India : Organic cotton textiles have immense future

Consumers the world over are increasingly becoming environment and health conscious. Developing concern for protecting ecology and preventing global warming, especially in the western countries, is boosting the demand for organic and eco-friendly products across all categories. Textile is no exception to this global trend.

Fibre2Fashion [© Sanblue Enterprises Pvt. Ltd.]

India: Reliance seeks auto ride for tech textiles

Reliance Industries Ltd., one of the world’s leading polyester fibre producers, is now planning to enter the technical textiles market for automobiles.

The Economic Times [© Times Internet Ltd.]

2007-06-19

India to double tech textiles global share by 2010

India is set to double its global market share of technical textiles by 2010. In 2005, India accounted for 4 per cent of the market.

Business Standard [© Business Standard Ltd.]

2007-06-18

Global labels alter their courses from China to Turkey

International textile and ready-to-wear clothing companies, including world-renowned labels such as Victoria’s Secret, Crave and Max Mara, shifted the direction of their raw material purchases from China to Turkey, saying that the production cost in China is not low enough

Turkish Daily News [© Dogan Daily News Inc.]

2007-06-08

Vietnam: US importers delay garment buys

Many US companies have postponed new contracts with Vietnamese textile and garment exporters until August, when the US Department of Commerce (DoC) will announce the results of its review of local exporters’ trade commitments, according to the Viet Nam Textile and Garment Association.

Viet Nam News [© Viet Nam News]

2007-06-01

India: Cost-cutting steps required to weave textiles growth

A fright has gripped India’s textile industry. Recent months’ huge slump in the main export markets, the US and the EU, has already caused many large players and potential investors in this industry to put their new capacity creation plans in abeyance.

The Economic Times [© Times Internet Ltd.]

2007-05-24

China : Textiles maintain high growth rate in 2006

Though under internal and external pressures, China’s textile industry still maintained a comparatively high growth rate in 2006.

Fibre2Fashion [© Sanblue Enterprises Pvt. Ltd.]

2007-05-23

Vietnam sets ambitious goal for textiles and garments

The Vietnam Textile and Apparel Association (Vitas) announces a strategy on the textile and garment industry, which targets $10-12bn worth of exports by 2010.

Viet Nam Net [© Viet Nam Net]

China: Subsidy charge looms on textiles export

Chinese textile manufacturers, already victims of overseas dumping charges and safeguard measures, now face a potential US countervailing investigation. US industry or government might stir into action when the Sino-US agreement on textile trade, which caps the growth of China's textile and garment exports to the United States, expires in 2008.

Chinadaily.com.cn [© China Daily Information Co]

Turkey: Design contest in İstanbul marks reinvigoration of Turkish textiles

The third edition of a textile design contest, held in İstanbul on Monday evening, looks set to breathe new life into Turkey's tired textile industry. The contest is part of efforts made at turning İstanbul into a fashion center.

Today's Zaman [© Feza Newspaper Publishing Co.]

India : Rising rupee ensnares textile exporters’ profits

It has been two weeks now and the rupee value continues to climb against us dollar with no signs of abatement, which is cause of concern for Indian textile exporters.

Fibre2Fashion [© Sanblue Enterprises Pvt. Ltd.]

China : Textile & clothing players forced to raise prices

The export tax rebate rate for the textile industry is predicted to be adjusted downward by four percentage points. Affected by this, many textiles and clothing enterprises are compelled to raise their order prices between 2 to 10 percent.

Fibre2Fashion [© Sanblue Enterprises Pvt. Ltd.]

Pakistan: Textiles likely to miss $11.5b exports target

In the prevailing circumstances of sluggish trend in the export growth, the trade managers are considering it hard to touch US$ 11.5 billion export target for textiles by June 30 this year.

YNFX [© YnFx – YarnsandFibres.com]

India : Kumara Swamy inaugurates BRFL integrated textiles & garment plant

Most modern integrated textiles and garment plant set up by Bombay Rayon Fashions Limited at Doddaballapur Apparel Park, 40 kms from the city, was inaugurated, by honourable Chief Minister of Karnataka Sri H.D. Kumara Swamy.

Fibre2Fashion [© Sanblue Enterprises Pvt. Ltd.]

Turkey: Most foreign capital in İstanbul flows to textiles

Foreign-based companies established in İstanbul participated in the textiles more than any other industry last year, with the Netherlands ranked first in terms of both partnership numbers and capital inflows, according to İstanbul Chamber of Commerce data.

Today's Zaman [© Feza Newspaper Publishing Co.]

Some 55 percent of American buyers currently purchasing textiles made in China and Vietnam are willing to buy Korean products once the Korea-U.S. FTA takes effect, according to a poll.

dongA.com [© donga.com]

India: Punjab to be made 'global hub' for cotton textiles

Punjab Chief Minister Parkash Singh Badal unveiled a revolutionary blue print for taking the state into a 'global hub' for fashion technology, textile designing and cotton goods within a 'definite time frame'.

ZEENEWS.COM [© Zee News Limited]

Turkey: 'We lost time in textiles'

Sabanci Holding Textile Group President Yakup Güngör describes Sabanci Holding's strategy in textiles as 'globalizing production and supply' and 'vertical integration'.

Capital [© Capital.com.tr]

China's textile industry forecast to have double-digit growth in 2007

China's textile industry will grow by more than 15 percent in terms of output value, profits and exports year-on-year in 2007, forecast experts with the National Development and Reform Commission (NDRC).

People's Daily Online [© People's Daily Online]

Growth of China's textile industry slows

The growth rate of sales of Chinese textiles slowed significantly last year, dropping by almost 20 percent, due to a higher valued Chinese currency, a cut in export tax rebates and higher labor costs, according to Guotai Junan Securities.

People's Daily Online [© People's Daily Online]

South Korea: Textile success is at a stretch

If any Korean company knows about the threat of China, it should be Hyosung Corporation, one the country's midsized conglomerates.

FT.com [© The Financial Times Ltd.]

Indonesian textiles and garments: Ambitious targets, uncertain future

The latest management briefing from www.just-style.com has questioned the ability of Indonesia to meet Assosiasi Pertekstilan Indonesia's (API's) ambitious targets given the textile and garment industry's somewhat uncertain future.

PRWeb [© Vocus PRW Holdings LLC]

India : Stringent labour laws affect exports of textiles and leather

India’s labour-intensive exports like textiles, garments, handicrafts and leather products are growing slower than the knowledge and technology-intensive exports, according to an analysis done by FICCI.

Fibre2Fashion [© Sanblue Enterprises Pvt. Ltd.]

2007-02-26

India: IPO rush in textile sector before TUFS expires

Textiles sector is jacking up their capital raising plans ahead of expiration of government sponsored Technology Upgradation Fund (TUF) in March 2007.

The Financial Express [© Indian Express Newspapers]

Pakistan: Value added textiles starved of investments

Experts opine that no textile package would bail out the textile industry until it is restructured in a way that all of its low value added products of yarn and fabric are consumed in Pakistan to produce high value added products.

The News International [© The News International]

2007-01-09

India: Moderate tax on man-made fibres

Lack of cost competitiveness of man-made fibres - principally polyester, and including viscose and acrylic - is the growth-limiting factor for India's $46 billion textiles and clothing industry.

The Economic Times [© Times Internet Ltd.]

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