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AP state govt to set up textile Park at Banavasi creates hope for weavers

Related Keywords: AP govt, appropriate place, at Adoni and Yemmiganur towns, create direct and indirect employment, fabric making and apparel manufacturing, Fibre to fabrics mission, ginning, history of textile trade, major cotton producting zone, major cotton trading, manufacturing, plan to set up, staple cotton, Textile Park, weaver families, yarn making

Adoni and Yemmiganur towns of Andhra Pradesh have a long history of textile trade and manufacturing. The place is considered appropriate for the concept of fibre to fabric by virtue of the area being the major cotton producing zone, a major cotton trading market at Adoni and inhabitation by over 5,000 weaver families.

The government has issued an order earmarking 100 acres from the Banavasi Veterinary farm for establishing new textile park at Banavasi, as picturesque location between Adoni and Yemmiganur in Kurnool district, cheered the local people.

Cotton prices in India witnessed fall to lowest levels this year

Related Keywords: cotton export, cotton prices, cotton production, dull deman, ICF, new cotton arrival, reduced imports from China, Shankar-6 variety, SIMA, staple cotton, zero forward deals

Almost zero forward deals with exporters seen this season as China reduced its imports from India, record-high acreage as well as cotton production, along with dull demand from mills has resulted in fall in cotton prices and it will be the lowest in last one year.

Cotton prices have fallen to the lowest levels in the current cotton year (October 2013-September 2014), at Rs 33,000-34,000 a candy (356 kg). Demand for cotton in terms of exports will also be low.

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