Textile Briefs International


1. India’s denim fabric industry will continue to face margin pressures during fiscal 2018-19 due to oversupply, with 15%-20% of the total capacity remaining underutilized, according to estimates by India Ratings and Research (Ind-Ra).

2. The state programme for development of cotton growing in Azerbaijan for 2017-2022, approved by President Ilham Aliyev in July 2017, has started to show results,  said Bahruz Jamalov, General Director of Azercotton LLC (Azerpambig). Cotton production in the Central Asian country has increased from 35,000 tonnes in 2015 to 207,000 tonnes in 2017.

3. In order for the Indian textile industry to achieve its goal of becoming a US$ 300 billion market by 2025, there is a need for supportive policy, and public-private partnership, especially in areas like research and development (R&D), an apex textile industry body said.

4. The Ministry of textile industry of Turkmenistan has summed up the results of the international tender for the construction of a new textile complex for processing 5,000 tonnes of fine-fibrous cotton per year in the Babadaykhan etrap (district) of the Akhal velayat (region).

5. The fund allocation for the labour-intensive Indian textiles sector which provides jobs to about 45 million people—in Union Budget 2018-19 increased 14.7% to Rs7,148 crore over the previous year.

6. The US Department of Commerce will impose preliminary antidumping duties on polyethylene terephthalate imports from Brazil, Indonesia, South Korea, Pakistan and Taiwan, before making a final determination on the duties on September 17, 2018.

7. China's textile and apparel makers are going through a painful industrial restructuring. While the country is still the world's largest clothing exporter with enormous production capacity, oversupply at home, high labour costs, and rising global protectionism have all eroded its competitiveness.

8. The textile industry of Brazil is aiming to become an exporter of both raw material and ready to wear clothing for this the sector is planning to add value to the local products.

9. Mozambique is exploring ways to reopen Textafrica do Chimoio, a textile firm closed 25 years ago rendering more than 3,000 jobless, Prime Minister Carlos Agostinho do Rosário announced while visiting the Manica province.

 

 
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