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Related Keywords: compared to domestic cotton, cost advantage, cotton imports this season, from the U.S. in larger quantities, imported cotton, increasingly prefer to buy cotton, Indian Cotton Federation, slightly lower micronaire, surpass official estimate of 17 lakh bales, Textile mills, trade and industry sources, units could get four to five percent

As textile mills increasingly prefer to buy cotton from the U.S. in larger quantities. According to trade and industry sources, cotton imports this season might surpass the official estimate of 17 lakh bales.

Also, the units could get a 4 to 5% cost advantage, the sources added. Total imports during the last cotton season (2016-2017) were 30.94 lakh bales and the previous year it was 22.79 lakh bales. The total imports this season (October 2017 to September 2018) might cross 20 lakh bales, said Nishanth Asher, a partner with cotton trading firm RS Asher and Company.

Related Keywords: ambitious FGTWZ, first special storage facility in India, handling raw cotton, house around 500 TEU, initial step towards establishing, International traders, launched open at Dakshin Bharat Gateway Container Terminal, reintroduce cotton trade in a big way, stock raw cotton, Textile mills, thirty days free of cost, Thoothukudi VOC port

India’s first special storage facility for handling raw cotton was launched open at the Dakshin Bharat Gateway Container Terminal, the Thoothukudi VOC port, on Friday. An initial step towards establishing the ambitious Free Trade Warehousing Zone (FGTWZ) at the Thoothukudi Port will reintroduce cotton trade in a big way, explicit VOC Chairman S Anantha Chandra Bose.

Related Keywords: All Pakistan Textile Mills Association, announcing closing down, APTMA, cotton prices, delay in releasing refunds, global prices, higher cost of doing business, local markets, over dull attitude of the government, slow and diminish trend, Textile mills, witnessed sharp drop

All Pakistan Textile Mills Association (APTMA) after announcing its decision that they are closing down their textile mills over dull attitude of the government, delay in releasing refunds and higher cost of doing business, the local markets witnessed sharp drop in cotton prices.

The chairman Cotton Ginners Forum, Ahsanulhaq from Rahim Yar Khan said that on the first day of trading session at cotton market, the cotton prices dropped sharply by Rs 300 to Rs 6100 per maund.

Related Keywords: after GST is rolled out, by more than fifty percent, confused over duty draw back, cotton purchased before end June, cotton purchases have come down, maintain minimum inventory, purchases expected to remain low, purchases from exporters even declined, reduced cotton procurement, Textile mills, till things become clear, Traders estimate

Textile mills have reduced cotton procurement to maintain minimum inventory. The purchases are expected to remain low till things become clear after the GST is rolled out. Traders estimate that cotton purchases have come down by more than 50 percent in recent times.

Nirav Patel of a city-based cotton export house said that cotton buying by mills has reduced noticeably as mills are preferring to keep minimum stock.

Related Keywords: accumulation of excess credit, affect independent weaving, become a blocked credit, eighteen percent rate on yarn, increase fabric cost, MMF, reduction of GST rate on manmade fiber, refund to be permitted for fabric manuafacturers, spinning units, Textile mills, to twelve percent, yarn

Textile mills demand reduction of GST rate on manmade fiber (MMF) and yarn to 12 percent from 18 percent and refund should be permitted for fabric manuafacturers.

According to Prabhu Dhamodharan, secretary of Indian Texpreneurs Federation, about 430 mills have recently sent their appeal to the Prime Minister’s Office in this regard.

While the rate for fabric is 5 percent that for yarn and fibre is 18 percent. Fabric manufacturers do not have the provision of refund and hence, this would become a “blocked credit”.

Related Keywords: Camozzi Group, European textile leader, Fiber processing, Marzoli, spinning mills, spinning technology, textile factories, textile innovation, textile machineries, textile machines, textile manufacturing, Textile mills, textile plants, textile production management software, textile software, textile technologies

The constant predisposition towards innovation and the synergies shared with Camozzi Group on IoT and the most recent technologies (Cloud Computing, Smart Sensors, Industrial Ethernet, Machine Learning, …) have enabled Marzoli, the European leader of spinning technology, to interpret the paradigms of Industry 4.0 and exploit them in order to further enhance performances and flexibility of its plants. Marzoli has developed two innovative software platforms that allow an easy and quick management of yarn production and a substantial optimization of the entire spinning process.

Related Keywords: cotton bales until mid March, cottonseed, ginning process, increased nine point ninety nine percen, over the same period last year, Pakistan Cotton Ginners Association, Pakistan cotton production, phutti, Textile mills

Pakistan’s cotton production has increased 9.99 percent reached 10.722 million bales until March 15, 2017, over the same period last year. According to report from Pakistan Cotton Ginners Association (PCGA), out of the total arrivals, cottonseed (Phutti) to the tune of 10,722,328 bales has undergone the ginning process.

Arrivals in Punjab ginneries were recorded at 6.9 million or 6,935,370 bales, growing by 15.92 percent compared to the corresponding period last year.

Related Keywords: allow mills to pay only ten percent, banking on textile ministry's move, boost fourth quarter results, ensure cotton fibre security, focusing more on exports, in the last quarter of the fiscal for textile mills, industry hopes orders for summer season, move could ease production cost, procurement money, stability in cotton prices, Textile mills

Textile mills are banking on the textile ministry's move to allow mills to pay only 10 percent of procurement money that has come as a breather. The move could ease production cost in the last quarter of the fiscal for textile mills. The industry hopes orders for summer season of 2017 could also boost the fourth quarter results.

Related Keywords: cotton mercerised yarn, Elgi Electric, high twist yarns, Jyotirmaye Textiles, polyester yarn, rayon yarn, Textile engineering solutions, Textile Industry, textile innovations, textile machineries, Textile mills, viscose rich blends, Yarn Conditioning System (YCS), yarn quality, yarn selling price, yarn spinners

M/s Jyotirmaye Textiles, during ITME INDIA 2016, finalized its requirement of 1800kg YCS with Elgi Electric and released the order and advance along with Elgi Electric’s selling partner M/s Voltas Limited.

Yarn Conditioning System (YCS) is the need of every spinner to improve the yarn quality like hairiness, strength, elongation as well increase in moisture gain to reap the full benefits and attain highest yarn selling price.

Related Keywords: fifteen job roles, first Indian Institute of Skills, IIS at Kanpur. skills development initiatives, Indian Texpreneurs Federation, National Skill Development Corporation, PM Modi inaugurated, Pradhan Mantri Kaushal Kendras, signed an agreement, Skill Capital of the World, Textile mills, To make India, train fifty thousand workers

To make India the Skill Capital of the World, PM Modi inaugurated the country’s first Indian Institute of Skills (IIS) at Kanpur. PM Modi also launched few other skills development initiatives such as ‘Pradhan Mantri Kaushal Kendras (PMKKs)’. At the event the Indian Texpreneurs Federation signed an agreement with the National Skill Development Corporation (NSDC) to train 50,000 workers between January and December next year in 15 job roles in textile mills.