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YFA 2016 New Delhi Show witnesses 8,598 buyers, up 15% over 2015 edition

Related Keywords: bamboo fabrics, composite mills, embroidery yarn, fabric buyers, fabric makers, fabric suppliers, garment accessories, innovative yarns, mélange yarns, modal fabrics, multifunctional yarns, spandex yarn, speciality fibres, spinning mills, textile exports, textile fairs in India, textile industry of India, textile makers, trading houses, Weavers, yarn buyers, yarn suppliers

Despite the demonetization drive, which has affected the domestic and export industry sentiment, the Yarn Fabric & Accessories Trade Show; YFA 2016 which was held from November 23-26, 2016 in New Delhi, saw visitor numbers climbing 15 per cent over the previous edition to 8,598 buyers. A majority of the 148 exhibitors participating at the show also expressed satisfaction with the numbers as well as the quality of the buyers.

MP textile mills hit hard by high cost of production, drop in exports

Related Keywords: AEPC, composite mills, drop in exports, due to higher cotton prices, facing high rise in cost of production, from top buyer China, labour wages, Madhya Pradesh textile mills, Madhya Pradesh Textile Mills Association, making uncompetitive in global market, power tariff, sluggish European economy, spinning mills, squeezing margins

Madhya Pradesh has about 45 textile mills of which 35 are spinning mills and 10 are composite mills are facing high rise in cost of production by about 10-15 percent due to higher cotton prices, power tariff and labour wages followed by drop in exports due to subdued demand from the top buyer China and sluggish European economy, all this squeezing margins of textile mills and making them uncompetitive in the global market.

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