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The 75th plenary meeting of International Cotton Advisory Committee (ICAC) is scheduled in Islamabad from October 30 to November 4. This was disclosed by Professor Iqrar Ahmad Khan, Vice Chancellor, University of Agricultural Faisalabad (UAF). He said that since the real economic strength of Pakistan was textile, hence the ICAC would have to play a major role in international cotton production ranking and strategy.
Talking on ICAC meet, he said its participants would also visit Faisalabad to personally witness the achievements of the textile sector in Faisalabad which was earning $6 billion for the country. Commenting on the development, Khan said that predominantly Pakistan is an agricultural country. Last year, after the country’s cotton crop collapsed due to various reasons the industry had to suffer a colossal loss of up to Rs 5 billion
Graced by Union Textile Minister, Smriti Irani and Kavita Gupta, Textile Commissioner, ‘Texprocil Export Award’ celebrated excellence of textile companies in yarns, fabrics and textiles. In her speech, Irani indicated that made-ups and home textile sector may be covered under another special package similar to Rs 6000 crores special package announced for garment sector.
She further stated that Prime Minister Narendra Modi has a vision of doubling the income of farmers by 2022. "We are happy the farm yield has already increased and the country hopes to become a leading producer of cotton,” she said. Irani, later distributed the awards for excellence in exports of yarns, fabrics and home textiles. Leading textile companies like Welspun Global Brands, Vardhman Textiles, Trident, Alok Industries, Arvind, Loyal Textiles, GTN Textiles, Premier Mills, Paramount Textiles, SEL Group, Lahoti Overseas among others, were some of the recipients.
R K Dalmia, Chairman, Texprocil in his opening remarks congratulated all award winners for facing the challenges of slow global demand and intense price pressures to emerge leaders in their respective line of businesses during the year 2015-16. He said that as per a recent WTO forecast, global trade volumes would rise only by 1.7 per cent this year. This would be the slowest increase since the 2008 financial crisis and the first time in 15 years that global trade has grown more slowly than world GDP, he added.
Dalmia complimented the government on the announcement of special package of Rs 6000 crores for the apparel sector which he said was bearing fruit as the September export figures for apparel showed a growth of 12 per cent compared to a downward trend for most other sectors.
The chairman stressed that this special package also needed to be extended to the made-ups and home textile sector as these sectors are equally, if not more labour intensive much like the apparel sector. He also said that it will act as a pull factor for increased consumption of fiber, yarns and fabric produced domestically. Besides complimenting the government on GST to be introduced from April 2017, Dalmia also emphasized that raw materials, especially cotton should be available at international prices or lower.
FTA negotiations
Dalmia stressed, another critical area where the government needs to move with vigour is to expedite the negotiation of Free Trade Agreements with EU, Australia and Canada. In countries like Turkey and China, high discriminatory tariff was posing a challenge in market access into those countries. The chairman pointed out that cotton textiles of HS Chapter 52 was the single largest contributor accounting for almost 20 per cent of our exports to China and if duties were reduced they had the potential to reduce India’s trade deficit with that country.
Dalmia opined the spinning sector was going through rough times and is looking up to the government for help and support. Inclusion of cotton yarn in the MEIS and extending the interest equalization scheme to merchant exporters will go a long way in reducing stress levels in spinning sector as well as increasing exports. The reimbursements of State and Central levies along with labour reforms will strengthen the textile and apparel sector by improving its cost competitiveness in the global market.
Considering that the textile sector is a low margin industry, introduction of such packages can lead to an exponential leap in export performance. This can be seen from the fact that in September 2016 export of garments showed a 12 per cent growth despite a downward trend for most other sectors.
Every year the Texprocil recognises the role played by exporters by giving out awards in different categories. This year the Council gave away 73 awards in 32 different categories, including the coveted gold trophy for the highest global exports. Texprocil’s awards are recognised world over by textile importers and hence exporters attach high importance to these awards. For 2015-16, the Council members exported $ 10.95 billion worth of cotton textiles and the Council has targeted $14 billion worth of exports for the current financial year i.e. 2016-17.
At a time when low volumes have forced buyers to increase activity to feed early stage processing machinery, the Australian wool market held its ground and continued to strengthen last week. Wool prices moved upward despite stronger local currency with the Australian dollar increasing from its low of US75.85c early last week to a high of US77.25c . Consequently the EMI rose by 13c in local terms, but a significantly higher 29c in US dollar.
All superfine wool types rose steadily but the strongest rise were seen in the medium Merino types as buyers sought quantity to keep their mill machinery turning. The medium Merino categories increased by as much as 30c, as did the skirting types and cardings being used mainly for knitwear production. Crossbred wools failed to generate the same interest and closed the week more or less unchanged.
Currency movements often play a large part in wool market direction over the short term, with many buying limits being provided to an exporter in US dollars and only converted as lots are purchased or at the end of a sale day. For much of last year, the wool market was supported by a lower exchange rate – at least in terms of prices received by Australian woolgrowers – and to date this year has not provided the same benefit. Since July the currency has been trading in a range of more or less 75c-77c and firmer commodity prices have prevented the Australian dollar from falling further despite the strengthening value of the US dollar.
At a time when low volumes have forced buyers to increase activity to feed early stage processing machinery, the Australian wool market held its ground and continued to strengthen last week. Wool prices moved upward despite stronger local currency with the Australian dollar increasing from its low of US75.85c early last week to a high of US77.25c . Consequently the EMI rose by 13c in local terms, but a significantly higher 29c in US dollar.
All superfine wool types rose steadily but the strongest rise were seen in the medium Merino types as buyers sought quantity to keep their mill machinery turning. The medium Merino categories increased by as much as 30c, as did the skirting types and cardings being used mainly for knitwear production. Crossbred wools failed to generate the same interest and closed the week more or less unchanged.
Currency movements often play a large part in wool market direction over the short term, with many buying limits being provided to an exporter in US dollars and only converted as lots are purchased or at the end of a sale day. For much of last year, the wool market was supported by a lower exchange rate – at least in terms of prices received by Australian woolgrowers – and to date this year has not provided the same benefit. Since July the currency has been trading in a range of more or less 75c-77c and firmer commodity prices have prevented the Australian dollar from falling further despite the strengthening value of the US dollar.
At a time when low volumes have forced buyers to increase activity to feed early stage processing machinery, the Australian wool market held its ground and continued to strengthen last week. Wool prices moved upward despite stronger local currency with the Australian dollar increasing from its low of US75.85c early last week to a high of US77.25c . Consequently the EMI rose by 13c in local terms, but a significantly higher 29c in US dollar.
All superfine wool types rose steadily but the strongest rise were seen in the medium Merino types as buyers sought quantity to keep their mill machinery turning. The medium Merino categories increased by as much as 30c, as did the skirting types and cardings being used mainly for knitwear production. Crossbred wools failed to generate the same interest and closed the week more or less unchanged.
Currency movements often play a large part in wool market direction over the short term, with many buying limits being provided to an exporter in US dollars and only converted as lots are purchased or at the end of a sale day. For much of last year, the wool market was supported by a lower exchange rate – at least in terms of prices received by Australian woolgrowers – and to date this year has not provided the same benefit. Since July the currency has been trading in a range of more or less 75c-77c and firmer commodity prices have prevented the Australian dollar from falling further despite the strengthening value of the US dollar.
At a time when low volumes have forced buyers to increase activity to feed early stage processing machinery, the Australian wool market held its ground and continued to strengthen last week. Wool prices moved upward despite stronger local currency with the Australian dollar increasing from its low of US75.85c early last week to a high of US77.25c . Consequently the EMI rose by 13c in local terms, but a significantly higher 29c in US dollar.
All superfine wool types rose steadily but the strongest rise were seen in the medium Merino types as buyers sought quantity to keep their mill machinery turning. The medium Merino categories increased by as much as 30c, as did the skirting types and cardings being used mainly for knitwear production. Crossbred wools failed to generate the same interest and closed the week more or less unchanged.
Currency movements often play a large part in wool market direction over the short term, with many buying limits being provided to an exporter in US dollars and only converted as lots are purchased or at the end of a sale day. For much of last year, the wool market was supported by a lower exchange rate – at least in terms of prices received by Australian woolgrowers – and to date this year has not provided the same benefit. Since July the currency has been trading in a range of more or less 75c-77c and firmer commodity prices have prevented the Australian dollar from falling further despite the strengthening value of the US dollar.
At a time when low volumes have forced buyers to increase activity to feed early stage processing machinery, the Australian wool market held its ground and continued to strengthen last week. Wool prices moved upward despite stronger local currency with the Australian dollar increasing from its low of US75.85c early last week to a high of US77.25c . Consequently the EMI rose by 13c in local terms, but a significantly higher 29c in US dollar.
All superfine wool types rose steadily but the strongest rise were seen in the medium Merino types as buyers sought quantity to keep their mill machinery turning. The medium Merino categories increased by as much as 30c, as did the skirting types and cardings being used mainly for knitwear production. Crossbred wools failed to generate the same interest and closed the week more or less unchanged.
Currency movements often play a large part in wool market direction over the short term, with many buying limits being provided to an exporter in US dollars and only converted as lots are purchased or at the end of a sale day. For much of last year, the wool market was supported by a lower exchange rate – at least in terms of prices received by Australian woolgrowers – and to date this year has not provided the same benefit. Since July the currency has been trading in a range of more or less 75c-77c and firmer commodity prices have prevented the Australian dollar from falling further despite the strengthening value of the US dollar.
At a time when low volumes have forced buyers to increase activity to feed early stage processing machinery, the Australian wool market held its ground and continued to strengthen last week. Wool prices moved upward despite stronger local currency with the Australian dollar increasing from its low of US75.85c early last week to a high of US77.25c . Consequently the EMI rose by 13c in local terms, but a significantly higher 29c in US dollar.
All superfine wool types rose steadily but the strongest rise were seen in the medium Merino types as buyers sought quantity to keep their mill machinery turning. The medium Merino categories increased by as much as 30c, as did the skirting types and cardings being used mainly for knitwear production. Crossbred wools failed to generate the same interest and closed the week more or less unchanged.
Currency movements often play a large part in wool market direction over the short term, with many buying limits being provided to an exporter in US dollars and only converted as lots are purchased or at the end of a sale day. For much of last year, the wool market was supported by a lower exchange rate – at least in terms of prices received by Australian woolgrowers – and to date this year has not provided the same benefit. Since July the currency has been trading in a range of more or less 75c-77c and firmer commodity prices have prevented the Australian dollar from falling further despite the strengthening value of the US dollar.
A new study has found a new type of fabric that could keep people cool in hot climates and reduce the need for expensive and energy-consuming air conditioning. A team of researchers have developed a low-cost, plastic-based textile that allows the body to release heat in a new manner. Just as sweating is one way the body cools off, the new clothing could help people reduce body heat. This cooling clothing could allow for air-conditioning to be set to a lower output than usual while still ensuring people stay cool, the researchers claimed.
According to the researchers, heating and cooling spaces contribute to 12.3 per cent of total energy consumption in the US and efforts to reduce energy use have focused on improving building insulation and enabling smart temperature control. However, engineers studying personal thermal management found that providing heating or cooling only to one person rather than the power needed to cool an entire building would result in far higher energy efficiency.
As with ordinary fabrics, the new material allows perspiration to evaporate. However, its other, new cooling mechanism works by allowing the heat the body emits as infrared radiation to pass through the textile, the researchers explained.
Spanish textile machinery companies are known for latest technologies in the following subsectors: spinning, braiding, technical fabric, dyeing, finishing and printing. And they are showing in strength at the ongoing ITMA ASIA + CITME 2016 in Shanghai.
Electro Jet that manufactures the ADR Rovematic roving frame with a variety of flyers’ format is at the show. The Rovematic has fast doffing and starts automatically after this doffing, without the need of any intervention of the operator. This allows a notable reduction of the machine stop time, increasing significantly this way the production of each roving frame. The set is completed with several auxiliary machines, static fans and draft green rollers cleaning.
Gali that makes flat screen printing machines for the long table, in order to obtain printed fabrics of great accuracy, unlimited amount of colors, high quality and versatility is also present. Auxiliary carriages for long tables are cloth extender carriages and washing carriages. Galan Textile Machinery makers of heavy-duty ring doubling and twisting machines is showcasing its range. Ring diameters are from 100 mm up to 400 mm. It also has two-for-one twisters, heavy-duty spindles, heavy-duty precision cross winders. Tacome with its complete line for the manufacturing of Raschel blankets, a printing line for both acrylic and polyester blankets, flat bed printing machines, printing steamers, washers and bleachers, dryers, and polishers is also at the show.
