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Related Keywords: acceptability of buyers, all time high cotton inventory, CITI, cotton corporation of India, facing shortage, float global tender, Indian textile industry, India’a perennial buyers, procured cotton, test market tenders, Texprocil, under MSP

Cotton Corporation of India (CCI) has procured cotton of around 9.1 million bales under the MSP (minimum support price) operation, all time high cotton inventory this year, surpassing previous record level of 8.9 million bales in 2008-09. CCI is planning to float a global tender. Initially to test the market tenders will be for 5000 - 10,000 bales (1 bale = 170 kgs) by the current month end.

Related Keywords: cotton prices, delay in arrival of next crop, dwindling cotton stocks, KCA, Pakistan cotton market, quality lint running short, remain on higher side, Slow trading on cotton market, spinning sector, spot rate

Slow trading was witnessed on Friday on cotton market as cotton prices continued to remain on the higher side with dwindling cotton stocks and spinners kept looking for quality lint which is running in short supply.

The Karachi Cotton Association (KCA) left its spot rates unchanged.

The textile industry, particularly the spinning sector expressed concern over the long delay in the arrival of next crop and falling cotton stock.

Related Keywords: economic slowdown coupled with liquidity crisis, fluctuating fuel costs, FOSTTA, last six months, led to subdued demand, low demand for textile products, produced more than buyers demand, SGPA, Surat textile industry, witness rise in inventory

The Surat-based textile industry has been witnessing rise in inventories by 20-30 percent at textile units as the demand for textile products is more or less stagnant since last six months.

Due to economic slowdown coupled with liquidity crisis in the market has led to subdued demand for textile products from the city. Moreover, reduced demand has resulted in buyers keeping less stock with themselves leading to higher inventory for textile makers in Surat, according to industry sources.

Related Keywords: Australia and other developed countries, enchance value added wool products, establish state of the art, main-streaming of backward, neglected areas of Balochistan, Pakistan government, seek international collaboration, vast tracks for cattle farming, wool development company

Pakistan government contemplating to establish a state-of-the-art Wool Development Company which will seek international collaboration from Australia and other developed countries for enhancing value added wool products, said Federal Minister for Food Security Sikandar Hayat Khan Bosan Thursday while addressing a seminar on 'world food day' at National Textile University.

Related Keywords: Balashov textile mill, BTK Group, designed package of measures, Dupont, increase production, increase share of domestically made, new investment projects, nonwoven industries, Russian Ministry of Industry and Trade, support technical textiles

The Russian Ministry of Industry and Trade has designed a package of measures, aimed at supporting the country’s technical textiles and nonwovens industries that is steadily growing. This is reflected by the number of new investment projects announced for implementation in recent months. The increase in production of technical textiles is part of the ambitious plans of the Russian government for the increase of the share of domestically made technical textiles - up to 80% of the local market by 2020.

Related Keywords: acquires, American clothing company, cash on an enterprise basis, HanesBrands, Knights Apparel, licensed and graphic apparel business, worlds strongest apparel brands

Hanesbrands Inc. an American clothing company based in Winston-Salem, North Carolina. This socially responsible manufacturer and marketer of leading everyday basic apparel under some of the world's strongest apparel brands have completed the takeover of Knights Apparel.

On 6 April, it took the acquisition of the socially responsible leading producer of sports apparel in North America for $200 million in cash on an enterprise basis.

Related Keywords: China subsidy regime, cotton demand, increase in cotton consumption, lower cotton prices, Pakistan cotton imports, rising cotton import trend, textiles industry, to rise, US Department of Agriculture bureau, weaker domestic cotton production

Cotton imports of Pakistan are likely to rise per the figures of the US Department of Agriculture bureau in Islamabad which predicts an import of 2.0m bales of cotton in 2015-2016, the highest in 8 years.

The reason for the rise in imports is mainly subjected to the increase in cotton consumption. Pakistan cotton consumption of 11.35m bales in 2015-16, starting in August, would represent the highest figure since 2007-08 – before the world financial crisis which hit demand for the fibre, as an industrial commodity, particularly badly compared with that for food crops.

Related Keywords: acquisition of Carolina Manufacturing, innovative textile products, knowledge park district of Rock Hill, makes textile-related products, men handkerchiefs, plan to expand portfolio, sell globally, Springs Creative Products Group LLC, supply chain, traditional bandannas and ancillary products

Springs Creative Products Group LLC, headquartered in the Knowledge Park district of Rock Hill, SC., plan to expand their portfolio of innovative textile products it sells globally announced on Wednesday the acquisition of Carolina Manufacturing in Greenville which has about 50 employees.

Spokeswoman Mary Hannah Statham said in an email that in Greenville, there may be changes in the future at the operation but not in the immediate future. Terms of the acquisition were not disclosed.

Related Keywords: Bangladesh exporter, BJMA, BTMA, cash incentives, continue special income tax rate, cut down or waive off, dying, for primary textile sectors, higher licence fees, National Board of Revenue, printing and finishing mills, spinning, tax at source on export earnings, weaving

Bangladesh exporters yearn for tax at source on export earnings and tax on cash incentives to be waived or cut down in the budget for fiscal year 2015-16 to make it uniform for all exporters, as it is not a profit of the exporters.

The exporters, textile mills, jute and plastic sectors proposed to the National Board of Revenue (NBR) to cut tax at source on export to 0.30 per cent from existing 0.60 per cent.

Currently, apparel exporters are enjoying 0.30 percent tax rates on export bill while others are paying 0.60 per cent

Related Keywords: a sunrise sector, called textile indusry barons, invest in technical textile business, Santosh Gangwar, SGDTP, Technical textile sector, TECHNOTEX, Union ministry of textiles

The Union Ministry of Textiles, Santosh Kumar Gangwar at the inauguration of 4th edition of Technotex, organized jointly by Ministry of Textile, Federation of India Chambers of Commerce and Induatry (Ficci), said that the textile industry is the second largest sector after agriculture to create employment opportunities in the country. He called upon textile industry barons to invest in the technical textile business, by calling it a sunrise sector.