Rise in exports assist India to trim spending on cotton purchases

News Tags: cotton corporation of India, Cotton fibre, cotton imports, hike in local prices, increased exports, increased shipments, India's cotton purchases, marketing year, Pakistan

New Delhi
Rise in exports assist India to trim spending on cotton purchases
Summary: 
Cotton crop failure in Pakistan has led to coercion for the nation to raise its imports following the hike in local prices. This has profited the world’s largest producer of the cotton fibre. The Indian Government’s cotton purchases are to plummet to 89% due to the increased exports in the 2015-16 marketing year.

Cotton crop failure in Pakistan has led to coercion for the nation to raise its imports following the hike in local prices. This has profited the world’s largest producer of the cotton fibre. The Indian Government’s cotton purchases are to plummet to 89% due to the increased exports in the 2015-16 marketing year.

B.K. Mishra, chairman and managing director of the state-run Cotton Corporation of India (CCI) said that prices have been moved above the MSP (minimum support price) level in most states and farmers are selling to private players.

http://www.thehindu.com/business/Industry/indias-cotton-purchases-to-plummet-as-pakistan-raises-imports/article8037008.ece
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Constrained growth exhibited by India in the apparel and textile sector

News Tags: Cotton fibre, finished product, handloom, inadequate incentive, India misses clothing cut, Indian apparel and textile sector, inflexible labour law, man made fibre segment, PTA, raw material policy, taxed higher

New Delhi
Constrained growth exhibited by India in the apparel and textile sector
Summary: 
India misses the clothing cut in consequence of inadequate incentives, excessive emphasis on cotton fibre and handlooms by the government, flip-flop in raw material policy, faulty duty structure in the man-made fibre segment where imports of certain raw materials (like PTA) are taxed higher than those of finished products and inflexible labour laws.

India misses the clothing cut in consequence of inadequate incentives, excessive emphasis on cotton fibre and handlooms by the government, flip-flop in raw material policy, faulty duty structure in the man-made fibre segment where imports of certain raw materials (like PTA) are taxed higher than those of finished products and inflexible labour laws.

http://www.financialexpress.com/article/economy/india-misses-the-clothing-cut/69444/
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Indian synthetic fibre and yarn producers insist for zero excise duty on MMF to spur exports

News Tags: boost exports, Cotton fibre, demanding abolish excise duty, domestic textile market, growing global market, India largest man-made Fibres producer, Indian synthetic fibre and yarn producers, Make in India initiative, man-mae fibres, MMF textile consitutes

New Delhi
Indian synthetic fibre and yarn producers
Summary: 
India is one of the largest producer of man-made Fibres in the world with presence of large plants having state-of-the art technology. MMF textiles constitute almost two-third of the domestic textile market. Indian synthetic fibre and yarn producers demanding to abolish high Excise Duty of 12 per cent on the industry and bring it at par with the Cotton fibre and yarn which has zero duty for growth of the Indian textile industry and for achieving a larger share of the growing global market.

India is one of the largest producer of man-made Fibres in the world with presence of large plants having state-of-the art technology. MMF textiles constitute almost two-third of the domestic textile market. Indian synthetic fibre and yarn producers demanding to abolish high Excise Duty of 12 per cent on the industry and bring it at par with the Cotton fibre and yarn which has zero duty for growth of the Indian textile industry and for achieving a larger share of the growing global market.

http://www.equitybulls.com/admin/news2006/news_det.asp?id=152339
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LT Textile Cooperatief U.A. to invest US$55 mn to set up modern textile plant in Uzbekistan

News Tags: Cotton fibre, Dutch company, energy saving equipment, investment agreement, Kashkadarya region, LT Textile Cooperatief U.A., modern textile plant, produce cotton and mixed yarn

Tashkent, Uzbekistan
LT Textile Cooperatief U.A. to invest US$55 mn
Summary: 
LT Textile Cooperatief U.A. (Netherlands) to set up modern textile plant in Karshi district of of Kashkadarya region in Uzbekistan, for which the company undertook liabilities to invest at least to the tune of US$ 55 million in 2015-2016, of which $17 million will be of the own resources of the Dutch company and $38 million would be taken as loans from foreign banks, without guarantee of the Government of Uzbekistan.

LT Textile Cooperatief U.A. (Netherlands) to set up modern textile plant in Karshi district of of Kashkadarya region in Uzbekistan, for which the company undertook liabilities to invest at least to the tune of US$ 55 million in 2015-2016, of which $17 million will be of the own resources of the Dutch company and $38 million would be taken as loans from foreign banks, without guarantee of the Government of Uzbekistan.

The Government of Uzbekistan issued a resolution “On measures on organization of modern textile plant in Karshi district of Kashkadarya region” on 31 October 2014.

http://www.uzdaily.com/articles-id-29926.htm
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