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CCI to enter Punjab to procure cotton after 4 yrs
The Cotton Corporation of India Limited (CCI) has started preparations to enter Punjab after four years to procure cotton. It expects the quality of raw cotton to be reasonably good to make procurement at the minimum support price (MSP).
Textile bodies appeal for status quo on energy policies in TN
Tamil Nadu textile industry that accounts for one-third of the textile business, 47 per cent of the spinning capacity providing direct jobs to over 60 lakh people especially to rural masses and women folk and fetching Rs 60,000 crore as forex earnings, is the worst affected in the country under the current unprecedented recession due to raw material / finished goods transport cost and several other factors.
Pak to set up 1k industrial stitching units
Under different phases of the Public Sector Development Programme (PSDP), the Small and Medium Enterprises Development Authority (SMEDA) of Pakistan is planning to set up 1,000 industrial stitching units.
TexMin honours Pratibha Syntex MD
The Ministry of Textiles has conferred Pratibha Syntex Managing Director Shreyaskar Chaudhary with Outstanding Young Entrepreneur Award in the textile sector, in the category of garments and made-ups.
IFC to help Pakistan conserve energy
The International Finance Corp (IFC), a member of the World Bank Group, yesterday said it will help textile manufacturers in Pakistan slash energy consumption and greenhouse gas emissions to boost their productivity and efficiency
Kihak Sung to head ITMF
The International Textile Manufacturers Federation (ITMF) unanimously elected Kihak Sung, chairman of South Korea-headquartered Youngone Corporation, as the new president of the Federation for 2018-20.
Is MSP unsettling cotton spinners?
The unsettling trade situation between the world’s leading cotton exporter, United States of America and a leading user, China, should place India’s cotton and textile sector in a better situation.
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