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Related Keywords: China, CITI, Confederation of Indian Textile Industry, cotton, export, fibre, government, Industry, tax, yarn

The export of cotton yarn has dropped 35% in the first quarter of FY20 to $696 million compared to $1.063 billion in the same period last fiscal.

Quoting government sources, the Confederation of Indian Textile Industry (CITI) said that in April the fall was 21% to $266 million compared to $337 million in the same month previous year. May saw a decline of 31% to $241 million against $349 million in May 2018 and June saw a whopping decline of 50% to $188 million compared to $378 million reported in June previous year.

Related Keywords: Confederation of Indian Textile Industry, cotton, Ethopia, export, India, KPR Export Plc., polycot, SITA

Melat and Rahel, both 24 years of age, completed their studies last year in the east African country of Ethiopia and landed their first job in an Indian textile company. They are among the 700-odd young men and women employed at KPR Export Plc. at Makelle, Ethiopia. They were trained at KPR’s Coimbatore manufacturing plant.

Related Keywords: bales, Confederation of Indian Textile Industry, cotton, increase in cotton crop area to 122.59 lakh hectares from from 108.45 lakh hectares, non mill consumption, Textile Commissioner

The closing stock of cotton for 2017-18 would be around 49.81 lakh bales which is quite adequate for the textile sector to smoothly run their units throughout the year, the body said. The Cotton Association of India (CAI) in second week of June increased it’s May estimate of the cotton crop production by 5 lakh bales to 365 lakh bales for 2017-18 season (October to September).

Related Keywords: Apparel Export Promotion Council, Apparel exports, Confederation of Indian Textile Industry, exports of cotton yarn, fabric should be from India or Bangladesh, fabrics, garment production, South Asia Free Trade Agreement with rules of origin clear for garment imports from Bangladesh, textile and clothing exports

There is positive feedback from the government on increasing the drawback rates. But this is yet to happen.A garment exporter who used to get ₹7 or ₹8 a piece from drawback is getting just ₹2 or ₹3 a piece now. Apparel exports decline 4% to $16.7 bn; yarn shipments rise. We could not bag the orders as our pricing was not competitive,” the spokesperson of the Apparel Export Promotion Council said.He also added that the garment production had declined in the last 10 months

Related Keywords: Confederation of Indian Textile Industry, Eco-Friendly Textiles & Sustainable Fashion, Indian, Indian Textiles Industry, made-in-China fabrics

According to the official, India allowed duty free import of readymade garments from Bangladesh under SAFTA in 2006 and this facility was limited to eight million pieces. However, in 2010, this quantitative restriction was lifted.

Related Keywords: 15 percent, CITI, Confederation of Indian Textile Industry, cotton fabric, fabric and garment producers, FTA nations such as Bangladesh and Sri Lanka, gone up dramatically post GST from July, MMF fabrics, raise import duty on man-made fibre yarn, ring-fence local yarn, threats of cheaper import, urged commerce and textile ministries

The Confederation of Indian Textile Industry (CITI) has urged commerce and textile ministries to raise import duty on man-made fibre (MMF) yarn, cotton fabric and MMF fabrics by 15 percent to ring-fence local yarn, fabric and garment producers from the threats of cheaper import, especially from FTA nations such as Bangladesh and Sri Lanka.

According to data shared by CITI, imports of cotton yarn, man-made yarn and fabric have gone up dramatically post GST from July.

Related Keywords: Bangladesh heavily investing to strengthen textile value chain, CITI, Confederation of Indian Textile Industry, maintain growth for garment export, Make in India initiative, more initiatives are expected to strengthen, provide comfort to buying houses, support textile value chain, welcomed initiative for job creation in garment industry

Confederation of Indian Textile Industry (CITI) has welcomed the initiative for job creation in garment industry and hopes more initiatives are expected to follow to strengthen and support the textile value chain and the make in India initiative.

Related Keywords: CITI, Confederation of Indian Textile Industry, cotton bales, cotton corporation of India, cotton development and research association, kapas, raise yield in Rajasthan, set up in mandi, tested in laboratory

Confederation of Indian Textile Industry’s Cotton Development and Research Association, which has been active in Rajasthan for the past few years, now plans to raise yield there to 1,000 kg per ha. With higher yield, Rajasthan’s production has also increased to around 170,000 bales.

P D Patodia, chairman, CITI standing committee on cotton, said that they had set a target of raising yield to 1,000 kg (per ha). Rajasthan is expected to have the highest cotton yield this season.

Related Keywords: changing Chinese import policy, Confederation of Indian Textile Industry, create conducive environment, end of this financial year, free trade agreement with Eurozone, Increase in exports of garments, Indian textile industry, made-ups and apparels, revival of demand in Europe and US market, South Indian Mills Association, surplus stocks

The Indian textile industry wants the government to create a conducive environment as they see a revival of demand in Europe and US markets by the end of this financial year for which the sector is not adequately prepared to grab the opportunity.

Related Keywords: and Texprocil, by Chinese buyers, Confederation of Indian Textile Industry, delaying in opening LCs, high input cost, North Indian Millers Association, slow down production, South India Millers' Association, subdued demand, to take stock of cotton mills situation

Representatives of the Confederation of Indian Textile Industry, South India Millers' Association, North Indian Millers Association, and Texprocil met in New Delhi on Monday to take stock of the situation faced by cotton spinning mills. Currently, the cotton spinning mills are facing crisis due to high input costs and subdued demand and thus decided to go slow on production.

In the meeting, it was decided to appoint an agency to study the gravity of the situation, prepare a memorandum, and send to the government.