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ASEAN to become ´world´s factory´ in a decade
Rising labour costs, among other reasons, have driven Chinese manufacturers to set up operations in Southeast Asian countries. A study by ANZ Bank economists suggest that Southeast Asia would take over from China to become the ´world´s factory´ in the next 10-15 years, citing its youthful workforce and strategic location as catalysts for this shift.
USDA predicts output deficit in 6 cotton years
In their May report, the USDA has released its first complete set of estimates for an upcoming crop year. The projection for world production in 2015-16 is 111.3 million bales, which represents an 8.0 million bale decrease (-6.7 per cent) relative to the 119.3 million bales harvested in 2014-15.
Going Green Pays
At some point or the other, we have to realise that forums and talks will not fulfill ambitious plans. Somewhere a beginning has to be made to tackle any issue. Upholding Sustainability or cleaning the dirty act of polluting the earth must have a starting point. In this respect, it is worthwhile to note some changes that happened recently in China.
Cotton prices to remain subdued
Cotton prices in India are expected to remain subdued in the near future. Coming to the domestic scenario, prices are likely to trend in line with the international markets as domestic prices have plunged below the international levels offering no triggers for upside movement.
Govt´s support lacking
The current budget for 2015-16 is considered as growth oriented by various experts, but I think for textile Industry, it is not very promising budget. The Government´s vision of growing Indian textile and apparel industry to US$ 220 billion by 2020 needs more support and schemes from government. Unfortunately major demands of Industries have not been met in current budget.
Oerlikon blueprint for China
The 10th anniversary of the Annual Meeting of China Textile Round-Table Forum, again sponsored by Oerlikon Manmade Fibers, was held on January 31, 2015 in Beijing Capital Hotel. Ten years have pastsed since Oerlikon Manmade Fiber first sponsored this high-end forum. China Textile Round-Table Forum is organised by CNTAC and hosted by the China Textile Economy Research Center and News Center of CNTA.
Maiden GTTES makes indelible impression
GTTES 2015, organised by the India-ITME Society at the Bombay Exhibition Centre for three days starting January 20, 2015, set a new trend in exhibition by focusing on the Asian market, with about 250 exhibitors touting their wares.
Global yarn & fabric output up
Global yarn production increased in Q2/2014 compared to the previous quarter due to higher output in Asia, South and North America and despite a drop in Europe.
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