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Related Keywords: development of textile park, expansion of Finley Mills, from Mumbai to Vidarbha, High level meeting held, improve financial conditions, Nitra, productivitiy of cotton, set up cotton processing units, shifting closed NTC mills, stop farmers' suicides

A high-level meeting with Union textile minister Santosh Gangwar and Union minister of state for small and medium industries Giriraj Singh was held at New Delhi on Thursday to take important decisions related to expansion of Finley Mills at Achalpur, development of textile park at Nandgaon Peth MIDC, setting up of cotton processing units at taluka level and shifting of closed NTC mills in Mumbai to Vidarbha.

The meeting was a step in the direction of stopping farmers' suicides in Vidarbha and improving their financial condition.

Related Keywords: at Nagda plant in Madhya Pradesh, Grasim Industries Ltd, maker of viscose staple fibre, reduce production, suspend operations, water shortage

Grasim Industries Ltd, a maker of viscose staple fibre announced on Friday that due to water shortage at its staple fibre plant in Madhya Pradesh would suspend operations.

The company has started reducing production of staple fibre at its plant located at Nagda (in Madhya Pradesh) in a phased manner due to water shortage caused by deficient rain last year, the company said in a statement to the BSE.

Related Keywords: affected local firms, apply for five years, bilateral trade, extended higher levies, file complaint with WTO, impact producers from China and India, Indonesian Textile Association, Indonesian yarn of man made staple fibers, major textile manufacturers, over antidumping measures of Turkey, PT Indorama, PTA, Sirtex, Trade authority of Turkey

Trade authority of Turkey last week extended higher levies on Indonesian yarn of man-made staple fibers, which are to apply for five years following a recent review. The duties, ranging from 25 cents to 40 cents for each kilogram of yarn, have affected more than 20 local firms, including major textile manufacturers PT Indorama and PT Sri Rejeki Isman (Sritex).

Besides Indonesia, the expanded tariffs, particularly at higher levels, are likely to impact other producers, including China and India.

Related Keywords: construction of textile and garment factory complex, effluent treatment plant, fibre factory, garment factory, Ha Tinh and Da Nang, including Phu Yen, knitwear production line, supply materials to domestic garment manufacturing companies, textile and dyeing factory, to treat wastewater, Vinatex

The Vietnam National Textile and Garment Group (Vinatex) has started construction of a textile and garment factory complex in the central province of Quang Nam. The project includes a fibre factory with a capacity to produce 4,600 tons of products annually, a textile and dyeing factory with annual capacity of 5,000 tons and a garment factory with 20 knitwear production lines with capacity to manufacture 20 to 25 million pieces per year.

Related Keywords: awarded right to weave and sell, engaged in creating, Fashion designer, GI tagged Kovai Kora cotton saris, operating loom, rather than Kora silk, soft silk saris, struggle to find buyers for Kora, Weavers of Thiruvallur

More than 80 percent of the residents of Thiruvallur located near Alangombu and Sirumugai a 40km from Coimbatore are weavers operating the loom engaged in creating colourful designs on soft silk saris adorned by millions of Indian rather than Kora silk. Even though Alangombu and Sirumugai host a majority of the 82 handloom cooperative societies awarded the right to weave and sell the GI tagged Kovai Kora cotton saris.

Related Keywords: boost textile sector, Costa Rica, create employment, Gildan Activeweav, launched operations, manufacturer of quality apparel, new yarn spinning plant, SAE-A spinning, Sae-A Trading co, subsidiary of South Korean company

SAE-A Spinning is a subsidiary of South Korean company Sae-A Trading Co., manufacturer of quality apparel launched operations of its new yarn spinning plant in the province of Cartago in Costa Rica with an initial investment of just over $35 million on Thursday.

The company’s CEO Woong-Ki Kim said that the new plant would create more opportunities for new and existing businesses here. The new Costa Rica plant employs 270 workers and produces cotton yarn for export, mainly to other countries in North and South America.

Related Keywords: cotton production, delay in arrival of next crop, demand for quality lint, from spinners, ginners reluctant to sell stock, KCA, Pakistan cotton market, prices remained firm, spot price reduced, trading slow

Despite demand for quality lint from spinners, trading was slow as ginners were reluctant to sell their stocks at this juncture which kept prices firm on the cotton market on Thursday. Expected delay in the arrival of next crop is another reason which is keeping prices higher, brokers said.

Floor brokers said that the final phutti (seed cotton) arrival figures expected to be released next month could place total cotton production for the current season at around 14.9 million bales.

Related Keywords: acquired Mountain Rug Mills and Spinning Wheel Rugs, Aircraft interior products, based in Wichita, CAP carpet, improve speed and quality of color match on yarn, luxury carpet for aviation industry, major corporate aircraft clients, specialty wool carpet, to strengthen capabilities in manufacturing, White Oak custom carpet

CAP Carpet, a longtime business based in Wichita, owns Aircraft Interior Products and White Oak Custom Carpet has acquired Mountain Rug Mills and Spinning Wheel Rugs in Hendersonville, N.C. Financial terms of the acquisition were not disclosed.

The acquisition is expected to strengthen AIP and White Oak’s capabilities in the manufacture of luxury carpet for the general aviation industry, a CAP official said.

Related Keywords: Cotton Advisory Board, cotton corporation of India, cotton export, cotton growing states, Cotton production estimate, due to unseasonal rains, hail storms, MSP, revised for current marketing year, Santosh Gangwar, Textile Minister, TUFS

The government has revised its cotton production estimate for the current marketing year due to unseasonal rains and hail storms across the county from 40 million bales to 39 million bales. Cotton crop prospects adversely impacted particularly in the central zone, textile minister Santosh Kumar Gangwar said in a written reply to the Lok Sabha. One bale equals 170 kg.

The main cotton growing states include Rajasthan, Telengana, Andhra Pradesh, and Tamil Nadu. Total demand is estimated to be at 39 million bales in 2014-15, compared to 41.68 million bales in the previous season.

Related Keywords: biggest overseas investment by China, business and economic activities, Central Asian region, China Pakistan Economic Corridor, Chinese to establish textile units in Pakistan, manufacture textile goods and export, Pakistan Yarn Merchants Association, spur huge trade, strategic game changer, turn Pakistan into economic hub

China-Pakistan Economic Corridor (CPEC), the $46 billion project is the biggest overseas investment by China announced yet and the corridor is expected to be operational within three years and will be a strategic game changer in the region, which would go a long way in making Pakistan a richer and stronger entity than ever before.