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Related Keywords: after November, contributed to the bullish trend, Delay in harvest of fibre crop, downward movement in price, firmed up cotton prices, Gujarat, increase in buying by millers, key growing regions, Madhya Pradesh and Telangana, Maharashtra, other states, price rise temporary phenomenon, spot and futures markets, unexpected rains

Delay in harvest of the fibre crop in the key growing regions of Maharashtra, Gujarat, Madhya Pradesh and Telangana and other States due to unexpected rains have firmed up cotton prices over the past few days. According to Biren Vakil, an analyst with Ahmedabad-based Paradigm Commodities, the price rise is a temporary phenomenon. They may see some downward movement in prices after November. But till then, some more upside can be seen.

Related Keywords: drastically cut back cotton procurement, Gujarat, in the wake of increased adulteration, long been a hub for premium cotton, other cotton waste by Gujarat ginners, seek Union government intervention, SIMA, textile mills in Tamil Nadu, with substances like comber noil

Gujarat, which has long been a hub for premium cotton for textile mills in Tamil Nadu, in the wake of increased adulteration with substances like comber noil and other cotton waste by Gujarat’s ginners, they has drastically cut back their cotton procurement.

The Southern India Mills’ Association (SIMA) seeks the Union textile ministry intervention in this regard. Till the year before last, Tamil Nadu’s mills used to procure about 50-60 lakh bales from Gujarat alone.

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: cotton production, Gujarat, Maharashtra

In Maharashtra, cotton ginners are expecting a good season ahead, though cotton arrivals are likely to be delayed by a fortnight because of incessant rains in the Marathwada region.

Inspite of heavy rains in the Marathwada region, the crop should not be affected and perhaps for the first time, and Maharashtra may overtake Gujarat in terms of production at about 1 crore bales. Usually, Maharashtra produces around 60-70 lakh bales and around 20 lakh bales are sold to Gujarat. But this time, there could be a bumper production because of the good rains.

Related Keywords: at plant in Dahej, Filatex, Gujarat, hundred million tones per day, installing about 40 texturising machines at the plant, primarly manufacturing several grades of polyester yarn, ramp up long-term profitability, start commercial production for manufacturing polyester fdy, textile firm

Filatex India Limited is an Indian textile firm primarily manufacturing several grades of polyester yarn has commenced commercial production for manufacture of 100 million tones per day of polyester fully drawn yarns at its plant in Dahej, Gujarat with effect from March 4, Filatex India said in a BSE filing today.

Related Keywords: Gujarat, investment summit, MOFA Taiwan, strengthen bilateral cooperation with India, Taiwanese delegation, Taiwan’s Ministry of Foreign Affairs, textile industries, Vibrant Gujarat Investment Summit

Taiwan in its efforts to strengthen bilateral economic cooperation with India would be sending a delegation to attend an investment summit in India next month from January 10 to 14, the delegation will also take the opportunity to explore further cooperation with India’s government and private sector, Elliott Charng, director general of the Taiwan’s Ministry of Foreign Affairs (MOFA) Department of East Asian and Pacific Affairs said.

Related Keywords: add production line, Dahej site, downstream value added products, enhance profitablility, expansion plan, Filatex India Ltd, Gujarat, manufacture, polyester filament yarn producer, synthetic manmade fibres

Filatex India Ltd, New Delhi-based polyester filament yarns producer has part of its expansion plan intends to invest Rs200-250 crore to add a production line to manufacture downstream value-added products at its Dahej site in Gujarat. It expects the new production line to enhance its profitability.

Related Keywords: close operations, cotton mélange yarns, Damanganga Fabrics, Damanganga home textile, expand operations, Gujarat, mix products, Sutlej Textiles, Sutlej Textiles and Industries Ltd (STIL)

Sutlej Textiles and Industries Ltd (STIL) at its board of directors meeting held on September 17, 2014 has taken up the decision to expand the operations of one of the Company's Units viz: Damanganga Home Textiles based at Daheli, Bhilad, Gujarat.

The project will be implemented in FY 2015-16 and the capacity will increase to 9.6 million metres per annum. The investment involved in the project expansion will be to the tune of Rs.88.50 crore.

Related Keywords: fashion designers, Gujarat, Gujarat's fashion industry, high-end designer wear, luxury brands, new favourite destination, slew of multi-designer shops, style of Prime Minister

Gujarat turning out to be a new favourite destination for fashion designers in the country as the people in Ahmedabad and other cities in the state, now prefer premium designer labels for weddings and even pool parties, prompting a slew of multi-designer shops to dot the streets of Gujarat adding zest to careers of local fashion designers.