News Tags

Related Keywords: are happy that GST has forced them to introduce a new payment system which is good for a well-nourished business environment, fabrics traders, power loom weavers, textile traders, The launch of national e-way bill is going to impact the industry from April 1 onwards, Yarn dealers

Yarn dealers have stopped fresh deliveries of goods to power loom weavers because they are yet to settle outstanding payment. Most of the yarn dealers and fabrics traders have set payment terms where those paying within seven days of goods delivery are given one per cent discount on the total bill amount, whereas there are interest penalties of up to 18 per cent on late payments

Related Keywords: cotton MSP on the textile industry, pink bollworm infestation in the cotton crops, rising cotton prices

Rising cotton prices following the pink bollworm infestation in the cotton crops, has affected margins to major textile players by ~150 bps this year. The textile sector, which contributes ~4% to India’s GDP, is one of the largest source of employment generation in the country and it accounts for ~14% of exports

Players like Vardhman Textile Ltd started hedging on Multi Commodity Exchange of India Ltd. (MCX) to cope up with the persistent volatility in cotton prices

Related Keywords: Cotton Association of India 65-70 lakh bales of cotton, cotton production and marketing season 2017-18 (October-March)

Apart from the neighbouring countries, India has also been receiving demands for cotton from several other countries, including Vietnam, Indonesia as told by Atul Ganatra, President, Cotton Association of India (CAI).He said that foreign buyers are interested in sourcing cotton from India as they find it cost effective and less expensive in comparison to other countries

Related Keywords: future opportunities in textile sector, Global Fabric Resource and Research Centre, Southern Gujarat Chamber of Commerce and Industry, Surat is an important centre as far as man-made fibre

Union minister of state for textiles Ajay Tamta attended the textile meet-2018 organized by BGA Foundation, a part of Disha Foundation, on Wednesday. Tamta held round table meetings with various industry stakeholders from processing sector, power loom sector, etc. “Tamtaji organized roundtable meetings with various industry stakeholders and tried to understand their problems. Many suggestions were given and he has promised to take them up with his ministry as well as the finance ministry’s”, as said by Chartered accountant Ramakant Gupta of BGA Foundation

Related Keywords: Department of Handlooms and Textiles, Sardar Vallabhbhai Patel International School of Textiles and Management, technical textile activity, technical textiles sector

There will no registration fee and the workshop will be held in Coimbatore. Series of workshops for the establishment of technical textile activity from 5 April to 8 April organised jointly by Department of Handlooms and Textiles, Sardar Vallabhbhai Patel International School of Textiles and Management (SVPITM) and Government of Tamil Nadu

For application visit: www.svpistm.ac.in

The workshops include three phases.

Related Keywords: EAC countries, SMART representatives, textile industry’s role in Africa

SMART representatives agree with President Trump’s decision to suspend these benefits, instead of termination of Rwanda’s status as an AGOA beneficiary, agreeing this would allow for continued engagement with the aim of restoring market access and by that means bringing Rwanda into compliance with the AGOA eligibility requirements

Related Keywords: how to transform plastic waste into fiber and yarn, Istanbul Metropolitan Municipality, plastic bottles are saved from landfills and spun into 5 tons of yarn that are exported around the world from a textile firm in western Turkey's prominent industrial center Bursa

Istanbul, which is home to nearly 15 million people, produces an average of 17,000 tons of domestic waste every day, out of which 6,000 tons are processed in IBB's garbage collection and recycling centers.A recent effort by Istanbul Metropolitan Municipality (IBB) aims to increase the volume of renewable waste collected from Istanbulites through a new system that will refund the value of each recycling deposit to the resident's megacity transport card.

Related Keywords: 46 textile factories at the Khurrianwala industrial estate outside Faisalabad, imports of cotton and machinery, Pakistan textile exporters association

The exporters are not much optimistic about the implementation of the Rs180 bn export enhancement package announced by prime minister Nawaz Sharif in December. The package allowed the 4-7 pc rebate to textile exporters across the value chain rewarding value-addition. Besides, imports of cotton and machinery for the industry was also made duty-free to encourage investment for boosting exports.

Related Keywords: chemical fibers, fabric and garment manufacturers, fancy & specialty yarns, National Exhibition and Convention Center, synthetic, traditional cotton product group, Yarn Expo fair

The next Yarn Expo fair, the Autumn Edition, will be held at the earlier date of September 27-29, 2018, once again at the National Exhibition and Convention Center. Yarn Expo continued its evolution into the industry’s most comprehensive and effective business platform with its Spring Edition which concluded last week with a large increase in the buyer figure, as well as another year of growth in the exhibitor number.

Related Keywords: cotton cultivation season 2018, cotton yield per hectare, land under cotton cultivation

ADC (D) Sakshi Sawhney directed that a daily progress report regarding weed removal be shared on WhatsApp and through email.She also directed the departments concerned to submit their action plan with her office and seek labour under MNREGA for removing weeds.

The campaign to remove weeds was being conducted successfully for the past two years. Under the campaign, every department was uprooting weeds in its areas as told by Chief Agriculture Officer Dr Guraditta Singh Sidhu during the meeting