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).
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.
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.
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).
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
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,
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.
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.
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.