The Russian technical textiles industry may receive an additional impetus for growth this year, thanks to the recently announced government plans to ease the existing restrictions on global producers taking part in public tenders for the purchase of innovative textile products for state needs.
As cotton prices ruled firm for most of the 2018-19 marketing season starting October, the state-run Cotton Corporation of India (CCI) could purchase only 10.7 lakh bales under the MSP scheme. The bulk of the procurement — over 70 per cent — has been from Telangana followed by Maharashtra.
According to CCI, market arrivals of cotton till April 1 stood at 254 lakh bales of 170 kg each. The Cotton Association of India (CAI), the apex trade body, had pegged the crop size at 328 lakh bales for the year.
Pakistan home textile, garment and towel sector together account for more than $10 billion of it’s exports to European and North American customers and more than 50% of the country’s total exports. They operate much like an ‘a la carte’ restaurant where each meal is prepared fresh to serve each customer’s unique culinary demand.
The three sector operate under a philosophy called the ‘make-to-order manufacturing strategy.
