The Taiwan textile industry is internationally renowned for its manufacturing excellence. Their superior quality yarn, innovative fabrics and textile products have been appreciated across the globe.

Deliveries of rapier and projectile shuttleless looms to the world’s textile mills increased by 31% in 2009, a year when total loom purchases declined, according to a report from the business information company Textiles Intelligence.

The whole world of textile and garment machinery will be in the spotlight in Barcelona next year for the ultimate textile machinery show -- ITMA 2011 --, which has received strong endorsement from the industry. To date, application has been received from over 950 exhibitors from 35 countries.

The Directorate of Drawback, Department of Revenue, Ministry of Finance, New Delhi has notified the revised All Industry Rate of Duty Drawback for the period 2010 - 2011 vide a circular No:35/2010-Cus dated 17.09.2010. This revised Drawback rates have been reduced across the board for all textiles and clothing items.

The world's biggest companies are planning to boost their international investments over the next two or three years, with most spending planned in major emerging economies, according to a United Nations study.

Jindal Cotex, a flagship company of Ludhiana-based Jindal group, said that its arm Himachal Textile Park has started the implementation of its textile park in Himachal Pradesh. The foundation stone for the park located at Upmahal Ram Nagar, Tehsil Amb, Una district, was laid down by the chief minister of Himachal Pradesh recently.

As in the first quarter of 2010, the Lenzing Group made optimum use of the good global market environment and achieved an excellent result in the second quarter.

The Indian textile and clothing industry is seeking export incentives in the upcoming annual review of Foreign Trade Policy (FTP) of 2009 - 2014 which is expected to be announced by this month-end as the key export markets such as US and Europe are still struggling to fully recover from economic downturn.

Denim, which was affected by the recession of last two years, is staging a comeback all over the world. India is not far behind. With this resurgence of interest in denim, Textile Association India, Ahmedabad Unit, in association with Fibre2Fashion is all set and geared up to host a conference on the global denim & jeans industry.

Hohenstein India a subsidiary of the Hohenstein Institutes, Germany organised an information seminar on “OEKO-TEX® CERTIFICATION” recently at Fortune Inn Grazia, Noida. Participants from the textile industry, garment & accessory manufacturing units, export houses & buying agencies had assembled & took an active participation in this programme.

Textile Media Services has published the first edition of the South Asia Textile Business Review, a unique reference resource of the textile and clothing industry in India, Pakistan, Bangladesh, Sri Lanka, Nepal, Bhutan and the Maldives.

Technopak Advisors, one of India’s leading management consulting firms hosted the 2nd Technopak Annual Leadership Forum for the Textiles and Apparel industry in Mumbai recently.

The second edition of International Textile Machinery Exhibition, Texmac India will be organised at Bombay Exhibition Centre, Mumbai from March 16 - 19, 2011. The fair is being organised by Fair Design India Pvt Ltd and IMAG – International Exhibition and Fair Service – the international arm of the Messe Munich, Germany.

The 15th International Exhibition on Textile Industry, ShanghaiTex 2011 will be held from June 14th to 17th, 2011 at the Shanghai New International Expo Center, PR China.

After two difficult years the Russian clothing market has heralded an impressive comeback. 18,300 “profashionals” visited the 15th CPM – Collection Première Moscow drawing to a close on Thursday.

Crude oil prices declined to the lowest level in the initial two weeks of October, as the dollar strengthened, curbing the appeal of commodities as an alternative investment.

Crude oil prices climbed dramatically in the second week of October amid speculation that the Federal Reserve will step in to stimulate the economy after a government report showed job losses were more than anticipated in September.

Crude oil prices rose sharply this week, particularly on Friday, posting the best percentage weekly gain in nearly 7-1/2 months as the US$ slumped and China posted strong economic data fuelling hopes for greater oil demand.