The Indian ministry of small scale industries is set to propose an increase in foreign direct investment (FDI) limit in SSI industries including labour- intensive sectors as textiles from 49% at prese...

Bangladesh Commerce ministry stated that the government is pledged-bound to extend all out cooperation in expanding and developing export-oriented readymade garment (RMG) industries and ensuring their...

European and US buyers have cancelled their orders to buy textiles from Indonesia for delivery in July, August and September and look for supplies from other countries due to the violent demonstratio...

Miroglio, an Italian textile company is plans a foray, directly or through a joint venture with a local company, into the Indian apparel market for which it has appointed Technopak Advisors Pvt Ltd to...

Raymond Ltd has reported a 21.65% decline in its fourth quarter net profit at Rs 34.81 crore as against Rs 44.43 crore posted in 2005. The dip in profit is due to tax provisions during the quarter ...

Century Textiles and Industries Ltd has reported a 40.73% decline in net profit to Rs 25.21 crore for the fourth quarter ended March 31, 2006, compared to Rs 42.54 crore in the corresponding previous ...

The Karnataka state government has urged the textile entrepreneurs to set up units at the textile park coming up near here and avail themselves of concessions and subsidies offered by it. K...

The Indian textile industry set to exploit alternative sources of energy in view of increasing fuel costs. Companies like Banswara Spinning, Rajasthan Spinning Mills, Sangam Spinners, Sutlej Textiles ...

Mangalore Refinery Petrochemicals (MRPL) plans to start the production of xylenes at its refinery plant in Mangalore by August 2006. The plant is located in the state of Karnataka and has the produc...

Priyadarshini Spinning Mills Limited, a leading manufacturer of cotton and synthetic yarn announced a 44% jump in its net profits for the financial year 2005-06. The profit after tax has gone up t...

Indian textile firm Spentex Industries Ltd has signed a preliminary agreement with an Uzbekistan government body to buy or set up a cotton spun yarn unit in Uzbekistan. Spentex is also close to acqui...

Shivalik Global Limited (SGL), a leading textile fabric and apparel company, is planning to acquire Shyam Tex International Ltd. (STIL) for a consideration of Rs.25.69 crores. Shivalik Global Ltd wil...

Vietnamese textile and garment sector innate weakness is dependence on foreign supplies of materials which is a major factor for the unstable development. Although the industry recorded significant av...

The US market has been the key driver for Indian export growth since global textile trade was opened up in January 2005. But the Indian textile exports have started to make greater way into the EU mar...

The Fourth Aromatic Project, considered as the worlds largest given its production capacity of 4.5 million tons per annum, will go on stream by September in the oil-rich southern region of Asalouyeh, ...

Carolina Mills a 78-year-old company would be ending all domestic yarn manufacturing by June 30. It will be shutting down its three remaining plants, Plant No. 1 in Maiden, Plant No. 6 in Lincolnton ...

Leading textile companies including Reliance Synthetics, Indo Rama Synthetics, Nahar Industrial Enterprises and LNJ Bhilwara Group's Rajasthan Spinning and Weaving Mills have generated handsome profit...

Chinese textile industry maintained moderate growth in the first quarter, though the growth of export to the EU and the United States recorded a sharp drop. China's export of garment in the first quar...

Garment and textile exports in the first four months of 2006 has hit 1.74 billion USD, an increase of 38.7% over the same period in 2005, the leading growth rate among sectors with export values of mo...

The Madhya Pradesh Textiles Mills Association has made suggestions on the state governments proposal to amend the Industrial Promotion Policy of 2004 as the textile industry has been complaining abou...

India is emerging a leader in home textile manufacturing sector with two of the world's largest home textiles manufacturers, Pillotex and West Point facing financial troubles and the closing down of ...

Taiwan has recorded textile exports to US$2.67 billion in the first quarter of 2006, slightly down 1.6% from US$2.714 billion posted in the same quarter of 2005. If the imports US$645 million are dedu...

Euroflax Company is planning introducing alternative fibers made in China, in Indian textile market. Euroflax Industries is Indian distributor of the innovative textile products made by Xiaoyun zhu Co...

President of the Gulf States Textile Industry Association, industrialists Muhammad al-Kamil A-Sharbati, who is also President of the Aleppo Chamber of Commerce, stated that the Syrian government plans...