Union Minister of State for Textiles Santosh Gangwar said the national textile policy will be finalized soon and it is likely to be ready by the month of April. Speaking to Indian Textile Journal, Gangwar said, ?The national textile policy will be finalised soon. May be at the end of April.?
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In January 2015, China´s export of textiles and garment dropped 10.71 per cent year-on-year to US$ 25.54 billion. The export of textiles dropped 7.7 per cent to near US$ 9.72 billion, and the export of garment dropped 12.5 per cent to about US$ 15.83 billion.
Exports of knitwear from Pakistan increased by 10.19 per cent from $1.306 billion last year to $1.44 billion for the first 7 months (July-January) of the current financial year. Meanwhile, The International Labour Organisation (ILO) and Pakistan Textile Exporters Association (PTEA) have signed an agreement to promote decent work in the garment and textile industry in Faisalabad.
Italian clothing giant Benetton has has announced it will contribute to the Rana Plaza Trust Fund, almost two years since more than 1100 people, mostly garment workers, were killed when the eight-storey Rana Plaza complex collapsed. According to Benetton, the new donation to the trust fund is the second stage of its commitments to supporting Rana Plaza victims.
Jashn is the flagship company of the father-son team of Chander and Rahuul Jashnani, and draws its name from an abbreviation of their last name.
The Economic Coordination Committee (ECC) of the Cabinet Islamabad in Pakistan after detailed discussions and deliberations considered and approved the proposed ´Textiles Policy 2014-19′ subject to deletion of section 12.3 of the policy related to textile development fund out of export development fund. Federal Minister for Finance Senator Mohammad Ishaq Dar chaired the meeting of the Committee here at the Prime Minister’s Office.
The readymade garment industry is facing a huge payment defaults by bulk buyers with the prolonged economic slowdown affecting retail sales. The Clothing Manufacturers Association of India (CMAI) has expanded its arbitration committee to 15 members from four, so that it can provide representation to every sector of the industry.