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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: export to EU market, Georgia, investment project, Irakli Gharibashvili, Kaya Group, met Prime Minister, planning to start, textile business, Textile production, textile sector, Turkish company

Kaya Group, Turkish company involved in textile sector, is planning to start textile business in Georgia. For this purpose the management of the Turkish company Kaya met the Georgian Prime Minister Irakli Gharibashvili on January 12.

The two sides discussed the investment project which is designed by the Kaya Group to produce textile production in Georgia and export it to EU markets.

Related Keywords: Reliance Industries, Ruyi, Shandong Ruyi Science and Technology Group, textile business

Reliance Industries Ltd (RIL) entered into the textile business in a small way in 1970s, and since then grown to be a Fortune Global 500 company through backward vertical integration. Reliance on Tuesday, announced its joint venture with China’s Shandong Ruyi Science and Technology Group (Ruyi) that will help Reliance reposition its textile business on a high growth path.

RIL will hold a 51% stake in the new joint venture thus formed while the Chinese partner will hold the balance. The proposed transaction is subject to requisite approvals.

Related Keywords: expand manufacturing capacity, facility at Anjar, farm-factory-fabric-fashion-foreign, largest terry towel producer, modernization and expansion, spinning capacity, textile business, textile policy, towel manufacturing capacity, Welspun India, Welspun project

Welspun India, Asia's largest and the 2nd largest Terry Towel producers in the World based in Mumbai, as part of its expansion plan would be making investment of Rs 2,500 crore in their textile business over the next 12 months period t to expand manufacturing capacities.

The new facility will be involved in doubling Welspun's spinning capacity to over 3,00,000 spindles, thereby fulfilling nearly 70 percent of the fine and super fine yarn requirements of the company.

Related Keywords: 83rd İzmir International Fair, India and Turkish, Indian Ministry of Trade and Commerce, textile business, TICCI, trade relations, trade volume, TUSKON

India and Turkish trade relations have improved rapidly over the past decade. Trade volume between Turkey and India was $2.3 billion and $4 billion in 2009 and 2010, respectively. This figure reached $6 billion in 2013, according to the Indian Ministry of Trade and Commerce.

According to Ersin Karaoğlan, the president of the Turkish Indian Chambers of Commerce and Industry (TICCI), India has a large population with vast land and a huge market, all of which attract foreign investors to the country. India is a big player in the textile business and construction.

Related Keywords: cotton yarn spinning mill, Danube Fashions, industrial relation unrest, Technocraft Industries, Technocraft yarn division, textile and apparel manufacturers, textile business

Technocraft Industries (INDIA) Limited established in year 1972 diversified into textile business by setting up state-of-the-art ISO 9001:2000 Certified Cotton Yarn Spinning Mill in 1997, which has grown by leaps & bounds over past few years is currently facing industrial relation unrest at its yarn division.

Related Keywords: cabinet approval, export, FDI, law labour, market diversification, National textile policy, textile business, traditional products

The National Textile Policy is drafted with an aim to grab one-fifth of global textile business and increase export to $300 billion in the next decade will be placed before the Cabinet for approval after weaving in relevant comments from other Ministries and interest groups.