Cotton and Textile Market News
Cotton auction revived at Tirumangalam regulated market
A secret auction for cotton was held at the regulated market at Tirumangalam functioning under Agricultural Marketing and Agri Business Department on Tuesday.
Ten farmers had brought 2,795.75 kg of cotton and three traders participated in the a ....... Read More
July 06, 2022 38 Likes
Govt. extends duty exemption for cotton
In a notification dated July 4, the Ministry of Finance, said the government has amended its notification dated April 13 and the import duty exemption that was given for cotton till September 30 has been extended to October 31.
The notification ....... Read More
July 06, 2022 27 Likes
Haryana to soon implement ’Aatmanirbhar Textile Policy’
Chandigarh: Haryana Deputy Chief Minister Dushyant Chautala said that the state government will soon implement the 'Haryana Aatmanirbhar Textile Policy 2022-25' in the state. While this will help in giving wings to the textile industry in the state, MSMEs ....... Read More
July 06, 2022 16 Likes
Textile sector flashes signals of global demand slowdown
Indian textile producers are witnessing initial signs of a demand slowdown as high energy and food prices have weakened demand for products such as curtains and bedspreads in the top export markets of the US and Europe, textiles secretary Upendra Prasad S ....... Read More
July 06, 2022 30 Likes
Exemption of GST on cotton storage will be a big relief to MP cotton industry: Finance Minister Deora
Madhya Pradesh, June 29 (KNN) Finance and Commercial Tax Minister Jagdish Deora said the non-liability of GST on storage and warehousing of cotton will give relief to the Madhya Pradesh cotton industry.
During his address at the 47th GST counci ....... Read More
July 02, 2022 100 Likes
Cotton auction: syndicate by bidders alleged
The Tamizhaga Cauvery Vivasayigal Sangam has alleged that cotton auctioning in the district has been affected due to a syndicate among the bidders.
Talking to reporters after raising the issue with officials of the Regulated Market at Mannargud ....... Read More
July 02, 2022 39 Likes
Cotton yarn prices down in South India amid selling pressure
Downward trend continued in south Indian cotton yarn prices. Tiruppur based SSM group reduced yarn prices by ₹40 per kg for all varieties and counts which shows pressure on spinning mills. Traders said that most of the mills will feel selling pressure d ....... Read More
July 02, 2022 132 Likes
How can India replicate the success of Tiruppur in 75 other places?
Located nearly 500 kilometres to the southwest of Chennai, Tiruppur is India’s largest knitwear hub. The cluster pretty much came up on its own in what was once an agricultural town. The farmers there started with small textile units during the 1970s. T ....... Read More
July 02, 2022 45 Likes
Ahmedabad: ’Allow food, textile trade effluents at common effluent treatment plant
AHMEDABAD: Naroda Enviro Projects Ltd (NEPL), the operator of the Naroda common effluent treatment plant (CETP) has written to the Gujarat Pollution Control Board (GPCB) and demanded that trade effluent from the foods and textiles industries of the city a ....... Read More
July 02, 2022 32 Likes
Pakistan: Textile industry to remain closed amid shortage of gas supply
Islamabad [Pakistan], July 1 (ANI): Amid the shortage of gas supply in Pakistan, the textile industry decided to remain closed from July 1 to 8, a local media reported.
The suspension of gas supply will affect the industries in Punjab as 70 per ....... Read More
July 02, 2022 35 Likes
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