After the declined cotton imports from China this June, India is all set to scale up its cotton exports to Thailand. One of the biggest mills in Thailand has shown interest in purchasing cotton from India after having samples approved.
China, the world’s biggest buyer, has imported less fibre this year which has affected Indian exports. China has been the largest importer of Indian cotton over the last three years.
In June, cotton fibre export was at 36 million kg or 210,000 bales (of 170 kg each) valued at US$56 million down 3 per cent as compared to the previous month. Bangladesh, China and Pakistan were the largest importers of cotton in June with combined volumes at 190,000 bales amongst the 12 countries that imported cotton from India.
Union government has given its nod to set up a common facility centre in Panipat known for manufacturing textile products and textile machinery for industrialists associated with this sector to give boost.
It would be a common place for industrialists to get training, knowledge and technology about the manufacturing of textile machinery. It would help them upgrade their skills with advanced technologies, said Vijay Kumar, director, MSME Development Institute (Ministry of Micro, Small and Medium Enterprises), Karnal.
The Cotton Corporation of India (CCI) which procured 8.6 million bales (1 bale = 170 kgs) of cotton since October 2014, has started offloading the stock in both domestic and international markets through daily and weekly tenders. CCI has sold nearly half of the cotton stock it procured in the crop year 2014-15 under the minimum support price (MSP) operation.
Export of filament yarns (all types) aggregated 52 million kg in June worth US$84 million. Compared with the previous month, both were down 3.1 per cent and 4.6 per cent respectively. In June, filament yarns were exported to 82 countries. Filament yarns include polyester, nylon, polypropylene and viscose filament yarns. More than 90 per cent of all filament yarns were made of polyester, of which, DTYs were the largest at 70 per cent.
Government last week announced several austerity measures meant to resuscitate the economy which include new levies and taxes on imported groceries, fertilizer and a ban on the importation of second-hand clothes. Following Government's directive to ban all second-hand clothes on the local market, Zimbabwe Clothing and textile manufacturers are eying 100 percent capacity utilization by 2020.
The Indian market is one of the most important ring spinning markets in the world and Saurer, a leading textile industry group, has received a new plant from its developers, M/S Shah & Talati, marking the beginning of a new chapter for Saurer in India.
Dr Martin Folini, Saurer Group CEO said that with the establishment of their new facility in Vadodara, they would be in a better position to cater to their customer needs.
First time Malaysian batik will be seen on the catwalk of London Fashion Week, to be held from Sept 18 to 22. British fashion designer Zandra Rhodes is collaborating with Kraftangan Malaysia for a Malaysian textile development programme in London which will culminate during London Fashion Week.
Zandra Rhodes who is known to have dressed many in the who's who list - from Princess Diana to supermodel Kate Moss - will feature batik at the London Fashion Week.
A group of 71 textile units in coordination with Indian Texpreneurs Federation (ITF) to implement a comprehensive energy management system (EMS) with an aim to continuously evaluate the machine health and operating practices through the hardware and software installed as part of the EMS to monitor energy consumption round-the-clock.
Export of blended spun yarns aggregated US$30.6 million in June, 7 per cent YoY while volumes gained 3.7 per cent at 10.4 million kg. In June, 6.0 million kg of PC yarns worth US$16 million and 3.3 million kg of PV yarns valued at US$9.2 million were exported.
