Showing posts with label Apparels textile. Show all posts
Showing posts with label Apparels textile. Show all posts

Saturday, 12 November 2016

Fibre, Textile & Apparel Exports of USA Reach $28bn In 2015

As per the information divulged by the US International Trade Commission, the fibre, textile and apparel exports of the nation, went up to approximately $28 billion, in the financial year 2015. The major chunk of this substantial total came from fabrics which ranged to $9 billion. The rest of this came from various raw materials apparels with $6.1 billion, yarns with $4.9 billion, cotton and wool fibre with $4 billion and approximately 3.7 billion worth of made-up articles.  At $ 28 billion, USA stands as the fourth largest exporter of fibre and textile products in the world.

In a bid to inform the citizens of the USA, the recent progress that the nation made with respect to investment and innovations, the National Council of Textile Organizations (NCTO) made this declaration on 7th of October, The National Manufacturing Day. 

In addition, the textile industry of the United States currently supplies as many as 8,000 distinct textile items to the armed forces. This is evident from the fact that the US military has spent close to $2 billion on textiles, annually for the entire past decade. 

Growing capital expenditures also are a clear sign of the textile industry’s positive outlook. The textile and apparel sector spent $2 billion on capital expenditures in 2014, the latest year for which data is available.

Thursday, 25 August 2016

Apparels Received Their Special Package… Raises Hopes For Home Textile Segment

It was only last month, that a special package was announced by the Ministry Of Textiles, pertaining to the Apparels exports. Following the suit, even the stakeholders of the Home Textile Segment are lobbying for something on the similar lines. It was at a recent event held by The Cotton Textiles Export Promotion Council or Texprocil in Mumbai, when the council along with Ernst & Young released a report on ‘Textile Industry as a vehicle of job creation for inclusive growth’.