spinners of India – novel protest

Thousands of spinning mills across the country decided on Tuesday to cut back one-third of their daily production for a week to boost demand and to highlight their plea for steps to check the fall in cotton yarn prices and restore tax benefits.

Read the rest of the news here at The hindu

Death of Dan River Inc

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After 126 years of operation Dan River Inc, one more north American textile firm goes down thanks to the fierce competition from cheap Asian imports.

As early as 1959, Dan RiverPresidentW.J. Erwin described increased imports of fabric and apparel as an “ever-present threat” until the government takes long-range action in a report to stockholders, according to Malcolm Cross’ “Dan River Runs Deep.”

Textile industry of bangladesh

Going out of my usual style of posting, this post features a video about the $5 billion textile industry of Bangladesh, in an effort to make the blog more lively. The video has great clips on the factories and people who manufacture all the clothes we shop for in the fancy brand names. Pay attention to the narrator who spells out valuable information of the trade.

Trade deficit – India’s help to Bangladesh

In our view, our engagement with Bangladesh and the growing economic partnership, will bring in rewards for both countries, ushering in generation of jobs and overall prosperity and inclusive growth… We have removed the countervailing duty on jute and increased quota on ready-made garments import from Bangladesh to 10 million from eight million

minister of commerce and industry Anand Sharma.

This is for sure an interesting development, India has been taking much care in the trade of Bangladesh recently. Investment to the tune of $5 billion is coming  up in sectors like telecom, pharma, chemical, food processing and labour intensive sectors.

Pakistan textile exports grows by 30%

It has been a tough year for Pakistan, first the Turkish tax raise,then the internal tax raise, and then the cotton price increase, these should have affected the trade, but they did not. Here is a recent news clipping

Despite challenges of energy shortage, the textile exports surged by 30.43 percent during the first nine months of the current fiscal year as against the same period of last year. Textile exports during July-March (2010-11) were recorded at US$9.880 billion as against the exports of US$7.575 billion during last year, according to Federal Bureau of Statistic (FBS) data.

Read the entire news article here at http://goo.gl/JhIqp