Beijing [China], July 9 (ANI): Due to the shrinkage of global markets and subsequent fall in demand, Chinese Textile Industries suffered profit erosion throughout the pandemic period and will continue to bear the loss due to rising raw material prices, read a report by First Finance and Econ
Lahore [Pakistan], July 7 (ANI): Amid a heavy energy crisis in Pakistan and subsequent suspension of gas supply, 300 textile mills have been closed, said All Pakistan Textile Mills Association (APTMA) Chairman Abdul Rahim Nasir on Wednesday as he urged Shehbaz Sharif-led Pakistani government
Islamabad [Pakistan], July 4 (ANI): Amid the shortage of gas and electricity supply in Pakistan, around 400 textile mills in Punjab province are facing closure and are unable to fulfil their export orders.
Islamabad [Pakistan], July 3 (ANI): Chinese debt-trap diplomacy could eventually exploit the textile industry in Pakistan to reap by proxy the benefit of the European Union's GSP+ which benefits Islamabad from zero duty on several products.
Islamabad [Pakistan], July 2 (ANI): The textile industry in Pakistan is likely to suffer export losses worth USD 1 billion in the first 15 days of July after the authorities suspended the gas supplies amid the shortage and Eidul Azha holidays.
Islamabad [Pakistan], July 1 (ANI): Amid the shortage of gas supply in Pakistan, the textile industry decided to remain closed from July 1 to 8, a local media reported.
Tiruppur (Tamil Nadu) [India], June 26 (ANI): India is one of the fastest-growing economies in the world and is expected to double in the next nine years to a 6.5 Trillion economy. It is expected to reach USD 30 trillion in the coming 30 years, said Union Commerce and Industry Minister Piyus
Chennai (Tamil Nadu) [India], May 16 (ANI): Tamil Nadu Chief Minister MK Stalin on Monday sought the immediate intervention of Prime Minister Narendra Modi to solve the serious disruptions faced by the textile industry in the state due to rising cotton and yarn prices.
New Delhi [India], May 4 (ANI/GPRC): The handloom industry is one of the ancient and richest part of our history. Showing a very extraordinarily creative side of mankind, the industry is an established part of social and economic development. Although many cheaper products are available in t
Mumbai (Maharashtra) [India], April 29 (ANI/PRNewswire): Fineotex Chemical Limited (FCL), one of India's leading and most progressive specialty chemical producer with a market leading position in international textile industry has announced robust financial numbers in Q4FY22.
Mumbai (Maharashtra) [India], April 18 (ANI/PNN): The Government has permitted duty-free imports of cotton for the period April 14 - September 30, 2022 vide a notification issued on April 13 by the Ministry of Finance.