MARKET & ECONOMY
The Cabinet Committee on Economic Affairs has approved the scheme for Capacity Building in Textile Sector (SCBTS). An official statement said that new skill development scheme covers the entire value chain of the textile sector, excluding spinning and weaving in the organised sector.
The International Islamic Trade Financing Corporation (ITFC), a member of the Islamic Development Bank (IDB) group, has signed a syndicated agreement of €100 million with the government of Cameroon and the Société de développement du coton (Sodecoton) as the executing agency for the export of cotton and the import of various agricultural inputs.
The recent pink bollworm incidence in certain cotton growing regions suggest that cotton production in India may be lower than the earlier forecast, according to the Mumbai office of the Foreign Agricultural Service (FAS) of the US department of agriculture.
Welspun India has emerged as the first global textile entity to patent a fibre-tracking technology, turning adversity into opportunity. The Mumbai-based world’s second largest terry towel producer, developed the technology after a large customer terminated a contract following mislabelling of the provenance of fibre in certain consignments.
Right before the inevitable excesses that are a hallmark of the winter holidays came America Recycles Day, a national initiative of Keep America Beautiful.
Pakistan’s cotton production is feared to plunge to 11 million bales during the current season against the revised target of 12.6 million bales as the country’s key crop producing province Punjab is likely to deliver an output setback, officials said.
In the market year 2017 (Oct1, 2016 to Sept 30, 2017) the American wool exports has rebounded strongly with a 24 per cent increase in total exports to 8.64 million pounds clean weight compared to the previous market year.
Entitled “The future is urbanâ€Â, visitors to the Theme Park at Heimtextil from 9-12 January 2018 can expect a multi-sensory experience. With the elaborate installation in hall 6.0, Messe Frankfurt will convey the megatrend of urbanisation to the textile industry in a targeted manner and make the practical aspects tangible.
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