Global flame retardant sales reached nearly 192 million square meter in 2018, with momentum likely to drive the market to a 6.2% y-o-y in 2019, according to Fact.MR’s latest analysis. Imposition of stringent regulatory rules and growing awareness about workers’ safety in high-risk industries worldwide continue to drive growth. Gains have also been driven by macroeconomic factors, notably stability in global oil prices and capital injection in infrastructure projects. The study opines that effective implementation of workplace safety guidelines in developing countries can open up new opportunities for manufacturers. “Not protecting their employees with good-quality flame retardant apparels can cost employer organizations a fortune with the medical care and rehabilitation of injured employees. Apart from strict legal regulations, growing safety awareness among employees is driving the purchases of flame retardant apparels across several industries,” says senior research analyst Prakhar Jain at Fact.MR. “Flame retardant apparel market players are now focusing on improving comfort along with the safety of their products, and provide flame retardant apparels that can suit the end-users’ changing demands.” Oil & Gas and Power Generation Industries Create Promising Growth Opportunities According to the study, the oil & gas industry remains the largest consumer of flame retardant apparels.…
Surat and Silvasa based nylon yarn manufacturers are happy as central government has added Nylon filament yarn under duty drawback scheme. last week, the product of nylon filament yarn (dyed) has been added under drawback code as 540203 at the rate 6.7 per cent with a cap of Rs.31.2/kg. The annual consumption of polyester and nylon yarn by the powerloom units in Surat is around 50k lakh kilograms. To boost exports, the local yarn producers were demanding raise in dutydraw back rates since long. The maximum increase of drawback rates on MMF textiles is by about 1.5 per cent. The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) has welcomed the new duty drawback rates announced by the Government. SRTEPC chairman Narain Aggarwal said, the increased drawback rates would help the exporters face the competition in the overseas market. The drawback rates declared now need to be enhanced at least up to 6 per cent to 7 per cent.
The demand of polyester raw grey fabrics rises ahead of marriage season & Pogal festival in surat MMF based market. This has pushed the prices of grey fabrics up after Diwali. The prices of various quality of grey surged upto Rs.2/mtr. in last three weeks. It is that time of the year when the buyers in Andhra Pradesh and Tamil Nadu place orders for saris and dress materials and other polyester fabric for Pongal festival celebrated on January 14 every year. The orders start flowing in with the end of Diwali festival. Market sources said around 20 per cent of traders in the city supply fabrics, including saris and dress materials to Tamil Nadu and Andhra Pradesh. This new year, the seven month long marriage season will start from January, the local traders are expecting good business opportunities. Thousands of tradders are increasing their inventories, and this has resulted in a rise in grey fabrics. The prices of raw grey fabrics like russian, wetless, 60 gram, rennial, syffon, PYC 60, CYN sana, CYC 60 gram, vichitra, rangoli, PCI etc. have risen 15 to 20 per cent during last month. Sensing the increased business opportunities, the tradders also stepped up fabrics…
Cotton export jumps in November Cotton exports shipment jumped to 8.61 lakh bales (170 kg each) in November as against 6.21 lakh bales exported in the same month in previous marketing year of 2017-18. In November, cotton shipment jumped 39% YoY. Pakistan was the largest importer of Indian cotton in November, followed by Bangladesh and Chi-na. Vietnam was the fourth largest importer. The unit prices realisation averaged INR129 per kg or US cents 81.20 per pound. Domestic spot prices of benchmark Gujarat Shankar-6 averaged US cents 80.88 per pound while global spot benchmark, the Cotlook ‘A’ index for November averaged US cents 86.99 per pound. Cotton export had ended 2017-18 marketing year (Oct-Sept) with shipment of 8.70 million bales (170 kg each) as against 6.74 million bales exported in the previous marketing year, implying a jump of 29% YoY. Bangladesh was the largest importer of Indian cotton during the year, followed by Pakistan, Vietnam and China. These four buyers accounted for 82% of total shipment and rest was exported to 37 countries, of which, Indonesia, Malaysia and Thailand formed 13.5%. This means only seven destinations accounted for a little more than 95% of total shipment. In terms of value, exports…
Bangladesh retains its topmost position in Gender Gap Index for the fourth time in a row by achieving 48th position among the South Asian countries, said World Economic Forum (WEF) report. According to the Global Gender Gap Report 2018 published by WEF on Monday, Bangladesh has slipped only one score to the 48th position among 149 countries across the globe. Still, it remained ahead of all other countries in the continent after the Philippines, reported Dhaka Tribune.
The country's textiles sector, which currently employs over 45 million people, will require 17 million additional workforce by 2022, the government said Thursday. The textiles ministry said in the last four years, 8.58 lakh persons have been trained in partnership with 58 government and industry partners to meet the sector's need for a skilled workforce. The ministry said its strategy to boost exports involves diversification of markets, positioning India in value chain and promoting collaborative exports. Towards diversification of textiles exports, 12 markets in Vietnam, Indonesia, South Korea, Australia, Egypt, turkey, Saudi Arabia, Russia, Brazil, Chile, Columbia and peru have been identified. The ministry said it also plans to pursue strategic engagement with Bangladesh and Sri Lanka on the Fabric-Forward Policy.
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