MARKET & ECONOMY​

The Free Trade Agreement between India and EU will be signed at the earliest since the dialogues between the two countries have been revived, said Rashmi Verma, Union Secretary (Textiles), said at the inaugural of the 42nd India Knit Fair.

China continues increasing its share in global exports market, despite rumours that its grip on the export markets has been slipping. Only shift is in the product mix, which is becoming increasingly sophisticated and high-tech. Last year, China recorded its first decline in export value since the financial crisis of 2009.

While Bangladesh, India and Pakistan are expecting higher exports of readymade garment (RMG) to the U.S. and European Union (EU), exports from the East Asian giant China and start-ups Cambodia and Vietnam are the on decline.

Denim brands and retailers have made a sea-change in sourcing strategies in the first quarter of 2016, according to data released last week by the International Trade Administration’s Office of Textiles and Apparel, or OTEXA.

The C 70 card is one of Rieter’s most successful products. On April 28, 2016, Rieter presented a crystal cube of the C 70 card No. 3333 to the Chinese customer Kashi Xinyue Textile Co Ltd. Rieter launched the C 70 card in 2010.

Attracting more than 7,000 attendees and 555 exhibitors, IDEA16 broke all prior exhibitor and attendee records for its recently wrapped up triennial event May 2-5 at the Boston Convention & Exhibition Centre. Attendees from more than 60 countries came to the City of Science for three days of exhibits, market intelligence, education and face-to-face interaction.

Asia’s polyethylene (PE) and polypropylene (PP) prices may fall in the third quarter amid supply-demand imbalance, according to ICIS, which quotes industry sources. The third-quarter market outlook was a hot topic among buyers and sellers gathered in Shanghai for Chinaplas – a four-day annual exhibition for the plastics and rubber industries that kicked off on April 25.

Denim fabric maker Nandan Denim expects to increase its production capacity to 110 million metres per annum by the next quarter. Nandan Denim Ltd (NDL) has a denim production capacity of 71 million metres per annum, at present. “We are expanding our capacity further to reach 110 million metres by Q1 of FY17 to become the country’s largest denim producer,” Nandam Denim President Govind Sharda said.

The 1st Defence-ITTA Joint Exhibition-cum-Seminar on Make in India was successfully held in February, 2015. The connectivity created during the 1st seminar between the defence officials and the leaders of the technical textile manufacturers in India have resulted in product quality improvement, reduction in imports and new product development for defence during the post event period.