Home / Knowledge / News / Textiles / India & Australia to set up wool testing lab in Mumbai
India & Australia to set up wool testing lab in Mumbai
03
May '12
India and Australia are in the advanced stage of finalizing a MoU on the production and trade of wool and woolen products in India and Australia. The Union Minister of Commerce Industry and Textiles Shri Anand Sharma informed the visiting Australian Minister of Sports, Industry and Innovation Ms Kate Lundy, here that process of the approval of the draft for the MoU is in the final stages.

“We are seeking to setting up a world class wool testing laboratory in Mumbai in collaboration with the Wool testing Authority in Australia and Wool Research Association in Mumbai,” Shri Sharma said.

The MoU will explore possibilities for enhanced cooperation and development in the field of wool and woolen products by way of capacity building, research and training, in areas including improved wool production, quality assurance and testing, skills development and improvement, integrated wool processing and development, and marketing systems.

Furthermore, collaboration with the Australian wool exchange for establishing a wool exchange on similar lines in Indian and collaboration with Australian Wool Innovation for promotion of manufactured wool products to boost the efforts being made by Wool Texpro are also on cards.

Textiles imports from Australia during the calendar year 2010 was USD 155 million and the majority of it was on account of the Wool sector. India has emerged as 3rd largest supplier of apparel to Australia after China and Bangladesh.

Bilateral trade between India and Australia in the year 2011 was US$ 14.906 billion which has increased from US$ 13.701 billion in the year 2010. The figure for the period Jan-Mar 2012 is US$ 4.516 billion. Exports for the year 2011 were US$ 2.088 billion up from US$ 1.643 billion in the year 2010. The exports for the period Jan- Mar 2012 is US$ 0.819 billion. Imports for the year 2011 were US$ 12.817 billion.

Ministry of Commerce & Industry

Must ReadView All

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Textiles | On 23rd May 2017

Grasim's VSF business net revenue up 12% in Q4 FY17

The viscose staple fibre (VSF) business of Grasim Industries has...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search