Cotton and Textile Market News
Rieter to achieve cost savings of CHF 15-20mn by 2017
Rieter expects to achieve cost reduction of CHF 15-20 million by 2017, from measures implemented in 2016 and also lead to new investments in the single digit million Swiss Franc range.
According to Rieter, over the last few years, the spinning ....... Read More
October 22, 2015 498 Likes
Indo Count - Grant of Silver Trophy
Indo Count Industries Ltd has informed BSE that the Cotton Textile Export Promotion Council (TEXPROCIL), a Government of India Enterprise, has intimated to the Company about granting of SILVER TROPHY for the Second Highest Exports of Made-ups in "Bed ....... Read More
October 22, 2015 396 Likes
Spinning mills looking at carbon tubes to save on energy
Coimbatore, Oct 21:
A transformation seems to be in the offing with the textile spinning sector looking at ways and means to conserve energy. From LED lamps to roof-top solar, the mill sector jumped the gun as many units felt that the energy ....... Read More
October 22, 2015 473 Likes
Higher MSPs not a durable way to raise farm output: Ramesh Chand, Niti Aayog member
The appointment of Ramesh Chand, an agricultural economist, as the member of Niti Aayog last month came at a time when the sector has been hit by two successive deficient monsoon years. Chand, former Director of the National Institute of Agricultural Econ ....... Read More
October 21, 2015 447 Likes
Bid to cut pesticide use on Gujarat cotton farms
Ahmedabad, October 20:
To help cotton farmers achieve higher yield and improve the quality of the crop, Gujarat Green Revolution Company Ltd (GGRC) has joined hands with World Wide Fund for Nature (WWF India) for ‘Sustainable Cotton Initiativ ....... Read More
October 21, 2015 423 Likes
Govt to procure more cotton from farmers as China trims imports
The government will be forced to make large-scale cotton purchases from farmers for a second straight year, following a cut in imports by top buyer China that has depressed prices, industry officials said.
India spent Rs 16,000 crore ($2.5 bill ....... Read More
October 21, 2015 436 Likes
Spinners in TN allege cartelisation by Chinese yarn buyers
The spinning mill owners of the Kongu Nadu region of the state today said they are facing problems in doing business due to alleged cartelisation by Chinese yarn buyers.
The owners also submitted a letter to the Union Textile Ministry pertainin ....... Read More
October 21, 2015 573 Likes
Textile exhibition to boost India-Oman ties
Muscat: A textile exhibition organised by the Indian Embassy at the Promenade Garden of Oman Avenues Mall, has received a huge response.
“There has been a great footfall to the textile exhibition and a lot of enquiries on the textiles that are ....... Read More
October 21, 2015 937 Likes
Textile sector calls for withdrawal of duty on yarn
KARACHI: Value-added textile sector on Monday called the 10 percent regulatory duty slapped on cotton yarn import from India as its death warrant, demanding of the government to withdraw it.
Chairmen of all value-added textile associations, in ....... Read More
October 21, 2015 385 Likes
Textile entrepreneurs eye China, Russia as dollar dream sours
CHENNAI: India's bilateral trade with its northern neighbour China is skewed in terms of having more imports than exports. India's exporters body Federation of Indian Export Organisation red flagged the devaluation of the Chinese Renminbi, forecasting an ....... Read More
October 21, 2015 393 Likes
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