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Related Keywords: 40-count of cotton yarn, bales of cotton, China, cotton yarn, raising tariffs on import from the US, Shankar-6 variety of cotton, spinning sector, yarn maker, yarn prices

After raising tariffs on import from the US, China has contracted to import 500,000 bales (one bale = 170 kg) of cotton from India and the new orders are in addition to the regular ones. Against its consumption of 45 mn bales China produces nearly 32 million bales of cotton annually. India exported nearly a million bales to China last year. As a result, our overall cotton export is likely to rise 21 per cent to seven million bales for the cotton year ending this September, from 5.8 mn bales the previous year.

Related Keywords: cotton farmers, Cotton market, cotton prices, huge stock of yarn, Indian cotton as the fibre from India is not standardized, Indian Cotton Federation, quality cotton, spinning sector, Textile scenario, yarn sector

When asked if the present situation would augur well with the cotton farmer as his realisation is not on expected lines, the ICF President said, “there is a global surplus. There are no takers for Indian cotton as the fibre from India is not standardised.” Due to tight financial situation prevailing in the spinning sector and comfortable availability of quality cotton, the prices are expected to remain steady. “The monsoon would be a major deciding factor for cotton prices for the period between June and October 2018.”

Related Keywords: Black Day, cost of doing business in Pakistan, government policies in Pakistan, power tariff, spinning mills in Pakistan, spinning sector, Textile mills, Textile production, textile relied package, yarn manufacturers in Pakistan

In Pakistan, the textile spinning mills had shut down the production on Wednesday to protest against government anti-industry policies which increased the cost of doing business in Pakistan.

The recent hike in power tariff and gas infrastructure development cess (GIDC) add around Rs 170 billion to the cost of doing business every year, said Tariq Saud, chairman of All Pakistan Textile Mills Association (APTMA).

He said that this strike was successful which also included leading groups in spinning sector, right from Karachi to Khyber Pakhtunkhwa.

Related Keywords: avail government assistance, buyer-seller meet-cum-powerloom product mela TEXPO, GIS, Ministry of Textiles, PDEXCIL, powerloom weavers, RTUFS, spinning sector, subsidy outflow, TUF

At the inauguration of the fourth edition of the buyer-seller meet-cum-powerloom product mela ‘TEXPO – 2015,’ jointly organized by the Powerloom Development and Export Promotion Council (PDEXCIL) and the Regional Office of the Textile Commissioner under the Ministry of Textiles, Government of India. PDEXCIL’s Chairman, M. Duraisamy, called upon the powerloom weavers to avail themselves of government assistance.

Related Keywords: accumulation of yarn stock and liquidity problems, higher tariff rates, meeting, power loom clusters, Southern India Mills' Association, spinning sector, synthetic yarn market, Technology Upgradation Fund Scheme

Southern India Mills' Association (SIMA), apex body of spinners in this region, has convened a meeting of its member mills here on August eight to discuss various problems faced by spinning sector and decide on future course of action to mitigate the crisis.

Considering the situation, the association has convened the meeting of the Managing Directors of the member mills to discuss the issues and arrive at a solution to tide over the crises, Sima Chairman T Rajkumar said.

Related Keywords: additional allocation of funds, CITI, Confederation of Indian Textile Industry, improve its competitiveness, spinning sector, Textile capital intensive industry, TUFS, under Technology Upgradation Fund Scheme, upgrade technology

The Confederation of Indian Textile Industry (CITI) on Friday sought additional allocation of around Rs.3,000 crore under the Technology Upgradation Fund Scheme (TUFS) stating unhealthy conditions faced by spinning sector.

The additional allocation will help clear the subsidy amount pending for earlier commitments from December 2014 to March 2015 under the TUFS scheme and also for new investments this year.

Related Keywords: cotton prices, delay in arrival of next crop, dwindling cotton stocks, KCA, Pakistan cotton market, quality lint running short, remain on higher side, Slow trading on cotton market, spinning sector, spot rate

Slow trading was witnessed on Friday on cotton market as cotton prices continued to remain on the higher side with dwindling cotton stocks and spinners kept looking for quality lint which is running in short supply.

The Karachi Cotton Association (KCA) left its spot rates unchanged.

The textile industry, particularly the spinning sector expressed concern over the long delay in the arrival of next crop and falling cotton stock.

Related Keywords: fabric and garment in China, failed to address, foreign trade policy, framework for increasing exports, generation employment, goods and services, increase value addition, Make in India vision, Minister of state for commerce and Industry, Nirmala Sitharaman, specific issues on textile sector, spinning sector, yarn, zero acces entry

The Foreign Trade Policy (FTP) 2015-2020 which was undraped by Minister of State for Commerce & Industry Nirmala Sitharaman on 2nd April ,2015 provides a framework for increasing exports of goods and services as well as generation of employment and increasing value addition in the country, in keeping with the Make in India vision of Prime Minister.

The local chapter of Indian Chamber of Commerce and Industry, welcomed the policy saying, it has bold initiatives and aims to achieve a compound annual growth rate of 11.5 per cent so as to increase the Merchandise and Services Exports.

Related Keywords: basic textile, bedwear, export growth, Knitwear, non value added, Pakistan Bureau of Statistics, Pakistan textile players, Pakistan textile sector, Pakistan value added textile, readymade garment, spinning based exports, spinning sector

Pakistan value-added textile exports has witnessed growth by 10pc touching $2.3bn in the first quarter (July-September) of this fiscal year compared with $2.1bn a year ago. While on the other hand, spinning-based exports (non-value added) continue to decline by 15pc to $1.2bn from $1.4bn which were offset by higher exports of valued-added segment (bedwear, knitwear and readymade garments) as per the latest data released by the State Bank of Pakistan.

Related Keywords: global market, Gujarat textile policy, Sintex Industry, spindle, spinning business, spinning sector, Textile

Gujarat’s textile policy has made the spinning sector attractive moreover after observing positive trend in the global market for India, Sintex Industries to get into spinning business also . Sintex is setting up a spinning unit with 0.3 million spindles at a cost of Rs 1,800 crore in Gujarat and later plans to increase it up to 1 million spindles with a total capex of over Rs 5,000 crore over the next five years.