ITF seeks centre's intervention to check soaring cotton prices

News Tags: abnormal volatility, Centres intervention, check soaring prices of cotton, Cotton Spinning Mills, farmers nor consumers benefited due to rise, Indian Texpreneurs Federation, ITF, medium staple cotton, preventive measures, textile sector body, unbearable loss to the industry

Coimbatore
ITF seeks centre's intervention  to check soaring cotton prices
Summary: 
Indian Texpreneurs Federation (ITF) a textile sector body urged for Centre's intervention to check the soaring prices of cotton in the last two months which has resulted in unbearable loss to the industry.

Indian Texpreneurs Federation (ITF) a textile sector body urged for Centre's intervention to check the soaring prices of cotton in the last two months which has resulted in unbearable loss to the industry.

In a letter to Union Textiles Minister Santosh Kumar Gangwar, Indian Texpreneurs Federation (ITF) Secretary Prabhu Dhamodharan said that the per candy rate, which was Rs 35,000 two months ago, had skyrocketed to Rs 41,000 for medium staple cotton but neither the farmers nor consumers benefited due to the rise.

http://www.business-standard.com/article/pti-stories/rising-cotton-prices-itf-seeks-centre-s-intervention-116061500985_1.html
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Cotton spinning sector of northern India hit by decline in exports to China

News Tags: Cotton Spinning Mills, decline inexports, excess spinning capacity, from China, leading mills, NITMA, northern India facing crisis, one day a week, plans to shut down production, Trident, Vardhaman

Chandigarh
Cotton spinning sector of northern India hit by decline in exports to China
Summary: 
Cotton spinning mills in northern India facing crisis due the excess spinning capacity and decline in exports this fiscal year have resulted in poor cash flow and excessive stocks due to which they are planning to shut down one day a week, according to Chandigarh based Northern India Textile Mills’ Association (NITMA) having 98 member mills that includes leading names such as Vardhaman and Trident, etc.

Cotton spinning mills in northern India facing crisis due the excess spinning capacity and decline in exports this fiscal year have resulted in poor cash flow and excessive stocks due to which they are planning to shut down one day a week, according to Chandigarh based Northern India Textile Mills’ Association (NITMA) having 98 member mills that includes leading names such as Vardhaman and Trident, etc.

http://www.hellenicshippingnews.com/chinese-import-decline-hits-the-indian-spinning-sector/
0

Maharashtra CM plans to develop Vidarbha as biggest textile hub of India

News Tags: CM Maharashtra, cotton cultivators, Cotton Spinning Mills, Develop VIdarbha as biggest textile hub, Devendra Fadnavis, finished goods, raw product, special package, VIDC

Mumbai
Maharashtra CM plans to develop Vidarbha as biggest textile hub of India
Summary: 
The Maharashtra chief minister Devendra Fadnavis plans to develop Vidarbha as the biggest textile hub of India as he believes that farmer’s problems will not resolve with just one time financial package. There has to be alternate avenues to channelize their cotton and ensure higher remunerations long term.

The Maharashtra chief minister Devendra Fadnavis plans to develop Vidarbha as the biggest textile hub of India as he believes that farmer’s problems will not resolve with just one time financial package. There has to be alternate avenues to channelize their cotton and ensure higher remunerations long term.
The state government is going to announce a special package for Vidarbha next week to promote cotton based industries in the region.

http://indianexpress.com/article/india/india-others/maharashtra-cm-devendra-fadnavis-plans-a-special-textile-package-for-vidarbha/
0

ICBC approved the investment plan for the Faisalabad Shandong Ruyi Textile Park

News Tags: approved investment plan, Chinese largest textile group, Cotton Spinning Mills, Faisalabad Shandong Ruyi Textile Park, FIEDMC, first installment, International Commercial Bank of China, losing competitive edge, Shandong Ruyi

FAISALABAD
ICBC approved the investment plan for the Faisalabad Shandong Ruyi Textile Park
Summary: 
A delegation from the International Commercial Bank of China (ICBC) visited the project site and approved the investment plan for the Faisalabad Shandong Ruyi Textile Park, according to Faisalabad Industrial Estate Development and Management Company (FIEDMC) officials.

A delegation from the International Commercial Bank of China (ICBC) visited the project site and approved the investment plan for the Faisalabad Shandong Ruyi Textile Park, according to Faisalabad Industrial Estate Development and Management Company (FIEDMC) officials.

Shandong Ruyi, largest textile conglomerates in China in order to start construction work for Pakistan’s largest cotton-spinning mills has made their first installment to the FIEDMC.

http://tribune.com.pk/story/785075/foreign-investment-chinese-group-makes-first-installment-for-cotton-mills/
Company News
0

Cotton yarn spinners banking on export

News Tags: cotton price, Cotton Spinning Mills, Indian cotton industry

Coimbatore
Cotton yarn spinners banking on export
Summary: 
Good monsoon and a better crop size of cotton may help in keeping the price of cotton viable for the industry in the next few months, thereby increasing the profitability of cotton yarn spinning mills.

Good monsoon and a better crop size of cotton may help in keeping the price of cotton viable for the industry in the next few months, thereby increasing the profitability of cotton yarn spinning mills.

The spinning mills in India have good potential with the foreseeable surge in demand for cotton yarn in the export and domestic apparel and home furnishings sector.

http://www.business-standard.com/article/markets/cotton-yarn-spinners-to-cash-in-on-export-led-boom-114012300243_1.html
0
 
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