News Tags

Related Keywords: advised spinning member mills, an advisory to the members, avoid buying cotton at the prices, bring balance in cotton and yarn prices, domestic market, due to slowdown in exports, Indian Texpreneurs Federation, ITF, minimise the impact of financial loss, next two months, reduce loss, reduce yarn production by thirty five percent

Indian Texpreneurs Federation (ITF), an advisory to the members to reduce loss and to bring balance in cotton and yarn prices advised spinning member mills to reduce yarn production by 35 percent for next two months also try to avoid buying cotton at the prices to minimise the impact of financial loss, due to the slowdown in exports and also n domestic market.

Related Keywords: announce a package, from countries like China, government, Knitwear industry, knitwear industry facing tough competition, lack of technology Upgradation, next two months, owing to factors like lower automation, provide a level playing field

Government in order to provide a level playing field to the knitwear industry will announcing a package for the country’s knitwear sector in the next two months. As the knitwear industry is facing tough competition from countries like China owing to factors like lower automation and lack of technology Upgradation.

Secretary in the textiles ministry Anant Kumar said that they met stakeholders on a package for the knitwear sector on June 5 and held consultations on the draft scheme.