Indian textile exporters have been facing subdued demand trends over the past few years in the key textile consuming regions of the US and EU which accounts for a majority of exports from India as well as intense competitive pressures from nations such as Bangladesh and Vietnam due to high raw material prices in the past six to nine month, which has been aggravated by unfavourable currency movements as well as recent revision in duty drawback rates have only added to their woes.

The African Development Bank (AfDB) in partnership with the Hub of Africa 2017 and Hivos International kicked off a specialized training programme for entrepreneurs and startups in the textile, apparel and accessories (TA&A) sector in Africa on October 4 in Addis Ababa, Ethiopia.

Telangana Chief Minister K Chandrasekhar Rao will lay foundation stone for the Kakatiya Mega Textiles Park in Warangal on October 20 being set up at a cost of Rs11,000 crore in public private partnership, said Deputy Chief Minister Kadiam Srihari.

Two key Argentina organizations–ProLana and the Industry Wool Federation which represents wool scourers, topmakers and exporters to adopt Textile Exchange’s Responsible Wool Standard (RWS) includes its language, content and best practices as a basis for the outreach to and training of regional farmers.

Delay in harvest of the fibre crop in the key growing regions of Maharashtra, Gujarat, Madhya Pradesh and Telangana and other States due to unexpected rains have firmed up cotton prices over the past few days. According to Biren Vakil, an analyst with Ahmedabad-based Paradigm Commodities, the price rise is a temporary phenomenon. They may see some downward movement in prices after November. But till then, some more upside can be seen.

The Raw Materials Research and Development Council (RMRDC) is an agency of the Federal Government of Nigeria to reduce the import of garment has started the process to increase garment production locally for both local and international markets.