India’s first special raw cotton storage facility opens at VOC port

News Tags: 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

Thoothukudi
India’s first special raw cotton storage facility opens at VOC port
Summary: 
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.

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.

http://www.newindianexpress.com/states/tamil-nadu/2017/aug/06/special-raw-cotton-storage-facility-at-voc-port-1639037.html
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Local markets saw sharp drop in cotton prices over closure of textile mills

News Tags: 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

Karachi
Local markets saw sharp drop in cotton prices over closure of textile mills
Summary: 
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.

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.

http://dunyanews.tv/en/Business/394912-Cotton-prices-in-local-markets-drop-
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Cotton procurement by textile mills to remain low till GST rolls out

News Tags: 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

Ahmedabad
Cotton procurement by textile mills to remain low till GST rolls out
Summary: 
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.

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.

http://timesofindia.indiatimes.com/city/ahmedabad/mills-cut-cotton-procurement/articleshow/59327718.cms
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Demand for reduction of GST rate on MMF and yarn

News Tags: 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

Coimbatore
Demand for reduction of GST rate on MMF and yarn
Summary: 
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.

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”.

http://www.thehindu.com/news/cities/Coimbatore/textile-mills-seek-reduction-of-duty-for-mmf/article19098103.ece
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Marzoli steps towards Spinning mill 4.0

News Tags: 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

Mumbai
Summary: 
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

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.

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Pakistan cotton production reaches 10.72mln bales by mid March

News Tags: 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

Multan
Pakistan cotton production reaches 10.72mln bales by mid March
Summary: 
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.

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.

https://www.thenews.com.pk/print/193122-Cotton-production-up-999pc-to-1072mln-bales
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Textile mills hopes to see boost in fourth quarter results

News Tags: 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

Ahmedabad
Textile mills hopes to see boost in fourth quarter results
Summary: 
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.

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.

http://www.business-standard.com/article/economy-policy/textile-mills-pin-hopes-on-fourth-quarter-117010501028_1.html
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Elgi Electric YCS wins a strategic order from Jyotirmaye Textiles

News Tags: 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

Mumbai
Summary: 
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 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.

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ITF signs agreement with NSDC to train 50,000 workers

News Tags: 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

Kanpur
ITF signs agreement with NSDC to train 50,000 workers
Summary: 
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.

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.

http://www.thehindu.com/news/cities/Coimbatore/Textile-mills-to-train-50000-workers/article16917288.ece
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Indonesia look to enhance trade relations with India for textile machinery

News Tags: Chinese textile machinery, credit facilities, India ITME, Indonesian Textile Association (API), Indonesian textile exports, spinning and dyeing machinery, textile and textile products of Indonesia, textile exports of India, textile imports of Indonesia, textile machinery makers in India, textile machinery manufacturers in India, textile makers in Indonesia, Textile mills, textile trading partners

Mumbai
Summary: 
In order to maintain the competitiveness of the country’s textile and textile products (TPT) in the global market, the Indonesian Textile Association (API) has requested the local players in the industry to regularly upgrade their

In order to maintain the competitiveness of the country’s textile and textile products (TPT) in the global market, the Indonesian Textile Association (API) has requested the local players in the industry to regularly upgrade their production facilities.

Most of the textile makers in the country presently are relied on old textile machineries and were getting more reluctant to invest more in the backdrop of weakening global demand, said API chairman, Ade Sudrajat.

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