CITI explains that cotton production is estimated to grow by 8.11 per cent to 373 lakh bales in 2017-18 season ending September over the previous year

Related Keywords: bales, Confederation of Indian Textile Industry, cotton, increase in cotton crop area to 122.59 lakh hectares from from 108.45 lakh hectares, non mill consumption, Textile Commissioner

Mumbai
Summary: 
The closing stock of cotton for 2017-18 would be around 49.81 lakh bales which is quite adequate for the textile sector to smoothly run their units throughout the year, the body said. The Cotton Association of India (CAI) in second week of June increased it’s May estimate of the cotton crop production by 5 lakh bales to 365 lakh bales for 2017-18 season (October to September).

The closing stock of cotton for 2017-18 would be around 49.81 lakh bales which is quite adequate for the textile sector to smoothly run their units throughout the year, the body said. The Cotton Association of India (CAI) in second week of June increased it’s May estimate of the cotton crop production by 5 lakh bales to 365 lakh bales for 2017-18 season (October to September).

https://www.moneycontrol.com/news/business/economy/cotton-output-to-rise-by-8-11-to-373-lakh-bales-in-2017-18-season-citi-2591141.html
0

Textile and clothing exports slid 0.4%

Related Keywords: Apparel Export Promotion Council, Apparel exports, Confederation of Indian Textile Industry, exports of cotton yarn, fabric should be from India or Bangladesh, fabrics, garment production, South Asia Free Trade Agreement with rules of origin clear for garment imports from Bangladesh, textile and clothing exports

Tamil Nadu
Summary: 
There is positive feedback from the government on increasing the drawback rates. But this is yet to happen. A garment exporter who used to get ₹7 or ₹8 a piece from drawback is getting just ₹2 or ₹3 a piece now. Apparel exports decline 4% to $16.7 bn; yarn shipments rise. We could not bag the orders as our pricing was not competitive,” the spokesperson of the Apparel Export Promotion Council said.He also added that the garment production had declined in the last 10 months

There is positive feedback from the government on increasing the drawback rates. But this is yet to happen.A garment exporter who used to get ₹7 or ₹8 a piece from drawback is getting just ₹2 or ₹3 a piece now. Apparel exports decline 4% to $16.7 bn; yarn shipments rise. We could not bag the orders as our pricing was not competitive,” the spokesperson of the Apparel Export Promotion Council said.He also added that the garment production had declined in the last 10 months

http://www.thehindu.com/business/Industry/textile-clothing-exports-slip-04-to-35-bn-in-fy18/article23606409.ece
0

Official says make use of yarn and fabrics of Indian origin mandatory for exporting apparel to India

Related Keywords: Confederation of Indian Textile Industry, Eco-Friendly Textiles & Sustainable Fashion, Indian, Indian Textiles Industry, made-in-China fabrics

Mumbai
Summary: 
According to the official, India allowed duty free import of readymade garments from Bangladesh under SAFTA in 2006 and this facility was limited to eight million pieces. However, in 2010, this quantitative restriction was lifted. "Bangladesh imports Chinese fabrics and converts them into garments using its cheap labour.Without the need for paying any import duties, it exports these garments to India.He also said the According to CITI India, India's garment imports from Bangladesh increased from $106.72 million during April-December period of 2016 to $124.14 million in the corresponding period of 2017

According to the official, India allowed duty free import of readymade garments from Bangladesh under SAFTA in 2006 and this facility was limited to eight million pieces. However, in 2010, this quantitative restriction was lifted.

http://www.business-standard.com/article/news-ians/must-tweak-rules-to-stop-entry-of-chinese-fabrics-official-118032700876_1.html
0

Textile body urge to raise imports duty on MMF yarn, cotton fabric

Related Keywords: 15 percent, CITI, Confederation of Indian Textile Industry, cotton fabric, fabric and garment producers, FTA nations such as Bangladesh and Sri Lanka, gone up dramatically post GST from July, MMF fabrics, raise import duty on man-made fibre yarn, ring-fence local yarn, threats of cheaper import, urged commerce and textile ministries

New Delhi
Textile body urge to raise imports duty on MMF yarn, cotton fabric
Summary: 
The Confederation of Indian Textile Industry (CITI) has urged commerce and textile ministries to raise import duty on man-made fibre (MMF) yarn, cotton fabric and MMF fabrics by 15 percent to ring-fence local yarn, fabric and garment producers from the threats of cheaper import, especially from FTA nations such as Bangladesh and Sri Lanka.

The Confederation of Indian Textile Industry (CITI) has urged commerce and textile ministries to raise import duty on man-made fibre (MMF) yarn, cotton fabric and MMF fabrics by 15 percent to ring-fence local yarn, fabric and garment producers from the threats of cheaper import, especially from FTA nations such as Bangladesh and Sri Lanka.

According to data shared by CITI, imports of cotton yarn, man-made yarn and fabric have gone up dramatically post GST from July.

http://www.news18.com/news/business/sharp-rise-in-imports-of-mmf-yarn-cotton-fabric-post-gst-says-textile-body-1594893.html
0

CITI expects more initiatives to follow to strengthen textile value chain

Related Keywords: Bangladesh heavily investing to strengthen textile value chain, CITI, Confederation of Indian Textile Industry, maintain growth for garment export, Make in India initiative, more initiatives are expected to strengthen, provide comfort to buying houses, support textile value chain, welcomed initiative for job creation in garment industry

Ahmedabad
CITI expects more initiatives to follow to strengthen textile value chain
Summary: 
Confederation of Indian Textile Industry (CITI) has welcomed the initiative for job creation in garment industry and hopes more initiatives are expected to follow to strengthen and support the textile value chain and the make in India initiative.

Confederation of Indian Textile Industry (CITI) has welcomed the initiative for job creation in garment industry and hopes more initiatives are expected to follow to strengthen and support the textile value chain and the make in India initiative.

http://timesofindia.indiatimes.com/city/ahmedabad/CITI-hails-government-initiative-for-job-creation-in-garment-sector/articleshow/52873846.cms
0

Rajasthan likely to have the highest cotton yield this season

Related Keywords: CITI, Confederation of Indian Textile Industry, cotton bales, cotton corporation of India, cotton development and research association, kapas, raise yield in Rajasthan, set up in mandi, tested in laboratory

Jaipur
Rajasthan likely to have the highest cotton yield this season
Summary: 
Confederation of Indian Textile Industry’s Cotton Development and Research Association, which has been active in Rajasthan for the past few years, now plans to raise yield there to 1,000 kg per ha. With higher yield, Rajasthan’s production has also increased to around 170,000 bales.

Confederation of Indian Textile Industry’s Cotton Development and Research Association, which has been active in Rajasthan for the past few years, now plans to raise yield there to 1,000 kg per ha. With higher yield, Rajasthan’s production has also increased to around 170,000 bales.

P D Patodia, chairman, CITI standing committee on cotton, said that they had set a target of raising yield to 1,000 kg (per ha). Rajasthan is expected to have the highest cotton yield this season.

http://www.business-standard.com/article/markets/rajasthan-eyes-1-000-kg-per-ha-cotton-yield-115110200905_1.html
0

Indian textile sector wants govt to provide conducive environment

Related Keywords: changing Chinese import policy, Confederation of Indian Textile Industry, create conducive environment, end of this financial year, free trade agreement with Eurozone, Increase in exports of garments, Indian textile industry, made-ups and apparels, revival of demand in Europe and US market, South Indian Mills Association, surplus stocks

Chennai
Indian textile sector wants govt to provide conducive environment
Summary: 
The Indian textile industry wants the government to create a conducive environment as they see a revival of demand in Europe and US markets by the end of this financial year for which the sector is not adequately prepared to grab the opportunity.

The Indian textile industry wants the government to create a conducive environment as they see a revival of demand in Europe and US markets by the end of this financial year for which the sector is not adequately prepared to grab the opportunity.

http://www.mydigitalfc.com/news/textile-sector-seeks-fresh-impetus-696
0

Cotton mills forced to scale down production by 15-20pc

Related Keywords: and Texprocil, by Chinese buyers, Confederation of Indian Textile Industry, delaying in opening LCs, high input cost, North Indian Millers Association, slow down production, South India Millers' Association, subdued demand, to take stock of cotton mills situation

Chandigarh
Cotton mills forced to scale down production by 15-20pc
Summary: 
Representatives of the Confederation of Indian Textile Industry, South India Millers' Association, North Indian Millers Association, and Texprocil met in New Delhi on Monday to take stock of the situation faced by cotton spinning mills. Currently, the cotton spinning mills are facing crisis due to high input costs and subdued demand and thus decided to go slow on production.

Representatives of the Confederation of Indian Textile Industry, South India Millers' Association, North Indian Millers Association, and Texprocil met in New Delhi on Monday to take stock of the situation faced by cotton spinning mills. Currently, the cotton spinning mills are facing crisis due to high input costs and subdued demand and thus decided to go slow on production.

In the meeting, it was decided to appoint an agency to study the gravity of the situation, prepare a memorandum, and send to the government.

http://www.business-standard.com/article/economy-policy/cotton-mills-slash-production-as-demand-wanes-115081800024_1.html
0

CITI sought additional allocation of funds under TUFS for spinning sector

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

Coimbatore
CITI sought additional allocation of funds under TUFS for spinning sector
Summary: 
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 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.

http://www.business-standard.com/article/pti-stories/spinning-sector-seeks-rs-3-000-cr-fund-under-tufs-115061201278_1.html
0

Indian textile industry displeased by the new foreign trade policy

Related Keywords: Confederation of Indian Textile Industry, Cotton Textiles Export Promotion Council, foreign trade policy, ignored cotton yarn sector, Indian textile industry, not address sector specific issue, on FTA, proposal to focus, second largest employment provider, SIMA, tariff reduction, Textile exporters, Textile mills

Coimbatore
Indian textile industry displeased by the new foreign trade policy
Summary: 
Textile industry is the second largest employment provider in the country and whose contribution to the country’s growth has been well recognized. But in terms of strengthening the manufacturing base, promoting exports and generating employment, has not got its dues in the Foreign Trade Policy. Textile mills have expressed disappointment over the foreign trade policy announcement as it does not address some of the sector-specific issues. While, Textile exporters feel let down by the new foreign trade policy (FTP), which they said has ignored the cotton yarn sector

Textile industry is the second largest employment provider in the country and whose contribution to the country’s growth has been well recognized. But in terms of strengthening the manufacturing base, promoting exports and generating employment, has not got its dues in the Foreign Trade Policy. Textile mills have expressed disappointment over the foreign trade policy announcement as it does not address some of the sector-specific issues. While, Textile exporters feel let down by the new foreign trade policy (FTP), which they said has ignored the cotton yarn sector

http://www.thehindu.com/news/cities/Coimbatore/trade-policy-disappoints-textile-mills/article7063451.ece
0
 
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