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Related Keywords: announce a new textile policy, chief minister, cotton to manufacturing textile, developing sector of vidarbha, expansion of textile industry, Make in India, Textile Association India, World economic forum meet

Chief Minister Devendra Fadnavis to ease regulatory procedures for business announced that the number of approvals needed from the state will be reduced to 25 from the 76 at present. This comes in the backdrop of Fadnavis' visit to Davos to attend the World Economic Forum (WEF) meet.

Related Keywords: cotton import quota, crude oil price, market price, raw cotton and lint, Textile Association India, textile business, Vidarbha cotton growers, WTO agreement

Chinese demand is an important factor for determining market prices of raw cotton and lint. Due to a fall in Chinese demand, cotton prices have touched the minimum support price of Rs4050 a quintal in India, bringing tough times for Vidarbha farmers.

According to the trade representatives attending the Textile Association-India (TAI) conference in Nagpur, Vidarbha cotton growers likely to face another year of recession as China, the major consumer of Indian cotton, plans to keep imports of the commodity under control.

Related Keywords: 70th All India Textile Conference, boost entrepreneurs, future textile and garment hub, integrated framework, Nagpur, Textile Association India, Vidarbha unit

The Textile Association India (TAI), Vidarbha unit with the aim to boost the confidence of existing and budding entrepreneurs and develop an integrated framework to make Vidarbha as a future textile and garment hub of the country is going to host the 12th International & 70th All India Textile Conference on January 17 and 18 in Nagpur.

The theme of the conference is ‘Cotton, textile & apparel value & supply chain: Global opportunities & challenges’ and will cover the entire range of the textile & garment industry.