Malaysia’s textile and apparel exports rose 10 per cent to RM 6.99 billion in the first half of this year compared to RM 6.33 billion recorded a year ago.

Garware-Wall Ropes Ltd (GWRL), a leading manufacturer of technical textiles for the Indian and global markets has achieved a sales revenue of Rs 225.06 crore in Q1FY17 as compared to Rs 239.32 crore in Q1FY16.

The Central Board of Excise and Customs (CBEC) has recently revised the Authorised Economic Operator (AEO) programme to push up for speedy clearance of cargo from ports, and reduce time and cost in cross-border trade.

India’s cotton import has soared above 20 lakh bales thanks to skyrocketing cotton prices. While Cotton Advisory Board (CAB) had projected imports of around 15 lakh bales during 2015-16, trade and industry officials opine that imports have already crossed 20 lakh bales.

Pest attacks, monsoon delay and switch-over to pulses and oilseeds by farmers are expected to pull down India?s cotton planting its lowest level in seven years.

Textile and apparel manufacturing in the USA is staging a comeback and even companies based in India and China are investing in US facilities, according to a report in the latest issue of Textile Outlook International.

Under a special advance authorisation scheme, the Indian Government has introduced duty drawback of 3.2 per cent to 4.7 per cent (depending on the category) for exports of non-fabric inputs made from imported fabrics.

Hennes & Mauritz saw sales rising 10 per cent in July against a mean forecast for a 9 per cent rise.

Pest attacks, monsoon delay and switch-over to pulses and oilseeds by farmers are expected to pull down India?s cotton planting its lowest level in seven years.