| Pakistan : PRGMEA urges govt to rebuild confidence of businessmen (December 16, 10)|
Pakistan Readymade Garments Manufacturers and Exporters (PRGMEA) has rejected the Reformed General Sales Tax (RGST), saying that it would ruin, if promulgated.
| India : Rising cotton prices may impact Indian textiles: Fitch (December 16, 10)|
Fitch Ratings said that the continued sharp rise in cotton prices globally is likely to hurt operating margins of Indian textile manufacturers, as prices percolate down the value chain, and are ultimately reflected in high prices of textile and clothing products.
| India : Garment companies pass on cost increase (December 16, 10)|
Due to rising raw material prices, readymade garment manufacturers have raised the prices of various textile products thrice, by Rs 20-50 each time, in the past two months.
| India : Indian cotton curb sparks protectionist stance (December 14, 10)|
India's restrictions on raw cotton and cotton yarn exports have given the country the advantage of lower material costs – at least for a while. But its actions have also sparked a round of aggressive trade protection, especially by other textile exporters in the region.
| Islamabad : Cotton Cess increases to Rs 50 per bale (December 14, 10)|
The 79th General Body meeting of Pakistan Central Cotton Committee (PCCC) on Monday increased Cotton Cess to Rs 50 per bale from previously charged Rs 20 in consultation with All Pakistan Textile Mills Association (APTMA) to generate revenue for “agriculture research” in the country.
| India : Cotton exports less than half of registrations (December 14, 10)|
Exporters have managed to ship out only less than half of the permitted 55 lakh bales of cotton, much to the relief of the domestic textiles industry which has been opposing the outward shipments tooth and nail.