Cotton and Textile Market News

Textile parks at Choudwar, Bhadrak mooted

BHUBANESWAR: The state government is planning to set up two integrated textile parks at Choudwar and Bhadrak.

Chief minister Naveen Patnaik announced this on Thursday while laying the foundation stone of Shahi Exports, a textile firm, at Manche   ....... Read More

August 15, 2015 320 Likes

‘Insurance scheme not benefitting farmers’

Minister for Irrigation T. Harish Rao has alleged that the insurance scheme being implemented by the Union Government was benefitting only the companies and not the farmers who were paying the premium. He said that none of the farmers have benefitted so f   ....... Read More

August 14, 2015 347 Likes

Hybrid seed companies want Mahyco Monsanto Biotech to return excess royalties

HYDERABAD: Several large Indian hybrid seed makers, who had agreements with Mahyco Monsanto Biotech (MMB) for Bollgard technology (BT) cotton, have sought to amend royalty amounts trait value, citing price caps being fixed by various state governments.Read More

August 14, 2015 388 Likes

India Second in Cotton, Silk Production

NEW DELHI:India is the second largest producer of cotton, cotton yarn, cotton fabric and silk after China and far ahead of Bangladesh and Vietnam, parliament was told on Thursday.

However, India leads the world in jute production accounting for   ....... Read More

August 14, 2015 365 Likes

South India spinners association to stop yarn sale for a week

Coimbatore, Aug 13:

Members belonging to the South India Spinners' Association (SISPA) have agreed neither to sell nor deliver yarn for a week.

In a hurriedly convened meeting of SISPA members early this week, the committee took th   ....... Read More

August 14, 2015 453 Likes

Mills to get cotton by sail from Gujarat

COIMBATORE: Textile spinning mills in Tamil Nadu are all set to transport cotton from Gujarat to their units here by ship. "Shipping companies have agreed to reduce costs," said T Rajkumar, chairman, Southern India Mills' Association (SIMA).
Read More

August 14, 2015 400 Likes

Textile firm LMW banking on southern markets

Coimbatore, August 13:

Textile machinery manufacturing major Lakshmi Machine Works feels the south is an attractive market for its range of products.

“While new projects are slow in coming and Greenfield projects even fewer in numb   ....... Read More

August 14, 2015 352 Likes

Chinese devaluation could worsen local textile sector woes

Reacting to China's currency devaluation, R K Dalmia, Chairman, Texprocil -- Textile Export Promotion Council -- stated that this sudden move on the part of China will have an adverse impact on India's exports of textiles and clothing, which are facing al   ....... Read More

August 14, 2015 355 Likes

Textile mills to remain shut once in 1 week

CHANDIGARH: Textile spinning mills, under the aegis of Northern India Textile Mills' Association (NITMA), are considering cutting back production and shutting down their units once a week against the current trend of operating 24x7. The decision has come    ....... Read More

August 14, 2015 330 Likes

Spectre of drought rubs salt on wounds of farmers in Karnataka

After slump in prices and harassment from moneylenders, the farming community now faces another hardship – failure of kharif crops owing to severe drought.

About 26 per cent of the sown area has withered owing to scanty rainfall in more than 20   ....... Read More

August 13, 2015 405 Likes

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