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Related Keywords: continue to import cotton, cotton and cotton yarn, keep production low, large spinning group, neighbouring country, Pakistan cotton market, see latest development, slow move in trading activity, sluggish demand, spinning mills remained away from making new deals, under utilization of capacity

Pakistan cotton market witnessed slow move in trading activity on Monday as some spinning mills remained away from making new deals to see latest developments. This indicates that demand is sluggish owing to under utilization of the capacity by the spinning industry. On the other hand, large spinning groups continue to import cotton from neighbouring country and this has also slowed down considerably. The slow off-take of cotton yarn is also forcing spinners to be cautious and keep their production low.

Related Keywords: Bangladesh, cotton and yarn for its garment industry, especially Gujarat state, heavily bank on India, Indo-Bangladesh trade promotion, invest in yarn manufacturing, neighbouring country, proposes to set up textile park, provide them the cost advantage, the park will have spinning units, top garment manufacturing and exporting country

Bangladesh, which is among the top garment manufacturing and exporting countries globally has to heavily bank on India, especially Gujarat, for cotton and yarn for its garment industry. The neighbouring country proposes to set up a textile park in the state of Gujarat.

Bangladesh has zeroed in on Kadi near Ahmedabad for the project which involves an initial investment of Rs 240-300 crore. To begin with, the park will have spinning units with cumulative capacity of 1 lakh spindles. Bangladesh has sought around 100 acres of land from the state government for the project.