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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