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China signaling buying US cotton
China has started showing interest in buying United States’ cotton, with some movement in the United States’ cotton to China becoming apparent.
Let-up in China & US trade tensions
Politics has become even more unpredictable and so no one is entirely certain about the outcome the G20 Summit - especially concerning US-China trade relations.
US imports jump amid tariff threats
Trade war or not, US apparel and textile imports from China surged 22.2 per cent in February to 2.54 billion square meters equivalent (SME) compared to a year earlier
Mills seek re-look at duty drawback rates
Indian textiles and clothing exports has been struggling during the last three years due to the absence of level playing field in the global market mainly because of high tariff rates in major markets and also non-refund of several taxes and levies.
AP to slash power tariff for spinning mills
The Government of Andhra Pradesh has proposed to drastically slash power tariff to spinning mills in the State to uplift the textile industry. The spinning mills provide employment to four lakh people in the State, but several mills are on the verge of closure due to heavy losses.
A cabinet sub-committee headed by Finance Minister Yanamala Ramakrishnudu has formally moved a proposal to offer power at Rs 2 per unit to the spinning mills.
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