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Related Keywords: ancillary units for textile industry, cash transactions at retail level, demonetization by Center, financial crisis, Garments, GIDC, Gujarat, labour unrest, major hub for textile sector, shut down production, textile machinery units, two lakh registered MSME units, Vatva Industries Association

Gujarat a major hub for textile sector having about two lakh registered MSME units of which several form ancillary units for the textile industry such as for garments or even textile machinery units has been hit hard since the demonetization of Rs500 and Rs1000 notes announcement by the Centre, as most transactions especially at the retail level are done in cash.

Related Keywords: GIDC, official spot rate, Pakistan cotton market, remained unchanged, seed cotton price, spinners buying cotton, trading activity improved, unsold stock

Trading activity on the cotton market on Saturday witnessed improvement as needy spinners indulged in buying cotton to meet their needs. The official spot rate remained unchanged at Rs 5450, dealers said.

In the ready session, over 5000 bales of cotton changed hands between Rs 5400 and Rs 5650, they said. Seed cotton prices in Sindh were at Rs 2600-2700 and in Punjab rates were at Rs 2800 and Rs 2900, they said.

Related Keywords: Gandhinagar Gujarat, GIDC, global business and investment event, Indian Embassy, Narendra Modi, new collaboration, Prime Minister, Qatari businessmen and investors, Textile, Vibrant Gujarat Global Summit

The Vibrant Gujarat Global summit, initiated by the Prime Minister of India, Narendra Modi, as former chief minister of Gujarat has evolved as a major global business and investment event. The 7th Vibrant Gujarat Global Summit scheduled to be held in Gandhinagar, Gujarat, from January 11 to 13, 2015, said a press statement issued by the Indian embassy.