India and China are on course to achieve the bilateral trade target of US$ 100 billion by 2015. Trade between India and China has seen exponential growth in the last few years.

Despite the current global economic slowdown, leading textile machinery manufacturers around the world are still attracted to prospects offered by the world's largest textile producer — China. This can be seen from the overwhelming response received by the combined textile machinery show, ITMA ASIA + CITME 2012, which will be held at the Shanghai New International Expo Centre from 12th to 16th June 2012.

koreatextile.org is leading portal site for textile outsourcing information in Korea on the web at http://www.koreatextile.org and has been actually promoting Korean textile companies and its products.

Groz-Beckert has launched an iPad app called myGrozBeckert for weaving, knitting, felting, tufting and sewing, which it says will keep textile manufacturers up to date on the company's product range and provide them with a set of useful conversion and calculation tools.

Nicaragua is poised to harvest its first organic cotton crop, which has well as boosting the country’s domestic textile industry, is expected to help attract new foreign investment projects.

Crude oil prices hit a 26-month high at over US$ 92 a barrel this week-end, closing 2010 up 15% on expectations that the economic recovery will drive demand growth next year and push prices into triple digits.

Crude oil prices rose to a 2-year peak in the second week of November 2010, on support from a stronger-than-expected USA jobs report, but was offset in a rebound by the dollar.