China is importing lesser yarn from India, waiting for cotton policy

News Tags: CITI, Confederation of Indian Textile Industry, D K Nair, SIMA, Southern India Mills Association, T Rajkumar, yarn export to china, Yarn import in china

Kolkata
China is importing lesser yarn from India
Summary: 
China is now buying lesser yarn from India, putting Indian export under pressure. Moreover, buyers in China are insisting on lower pricing citing that Indian rupee has strengthened against US$.

China is now buying lesser yarn from India, putting Indian export under pressure. Moreover, buyers in China are insisting on lower pricing citing that Indian rupee has strengthened against US$. Over the past one month, Indian yarn export price to China has declined 6- 7 per cent and is hovering around US$3.30 a kg. Until January, China was importing about 110 -120 million kg yarn per month on an average.

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TN textile industry not looking to invest in any other State, says SIMA chief

News Tags: investment, SIMA, T Rajkumar, Tamil Nadu, Textile Industry

Coimbatore
TN textile industry not looking to invest in any other State, says SIMA
Summary: 
The frequent power cuts eating into the businesses of the Tamil Nadu based yarn makers were looking at GCCI as a helping hand to build a yarn cluster in Gujarat and with Karnataka state inviting Coimbatore units to invest. SIMA chief T Rajkumar announced that Tamil Nadu textile industry in Tamil Nadu is not looking to invest elsewhere as the industrial climate in Tamil Nadu ranked on the top in many ways.

The frequent power cuts eating into the businesses of the Tamil Nadu based yarn makers were looking at GCCI as a helping hand to build a yarn cluster in Gujarat and with Karnataka state inviting Coimbatore units to invest. SIMA chief T Rajkumar announced that Tamil Nadu textile industry in Tamil Nadu is not looking to invest elsewhere as the industrial climate in Tamil Nadu ranked on the top in many ways.

http://www.thehindubusinessline.com/news/states/no-plans-to-invest-in-any-other-state-says-sima-chief/article5639824.ece
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