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Truth behind Pakistan’s 3 times rise in textile exports
Pakistan saw 3.4 times increase in textile exports in April 2021. This growth was due to the low base effect in April 2020 when the first wave of COVID-19 affected industrial activity across the globe and in Pakistan.
Chirag Pittie: SVP Global aims to become debt-free
In this interview, Chirag Pittie, Director, SVP Global Ventures Ltd, highlights on the changing dynamics of the spinning industry in India and how his company is gearing up for the future.
Karur exporters struggle with high cotton yarn prices
Yarn from Coimbatore and Dindigul mills have slowly become more expensive and this is bringing down the profit margins of small and large textile businesses in Karur and is adversely affecting the textile export industry.
TEA appeals spinning mills to continue to supply yarn
Tirupur Exporters Association (TEA) appealed spinning mills to not stop the supply of cotton yarns as it’s affecting apparel units. The mills are not taking any new orders and have stopped production said President, TEA in a letter to associations.
India’s cotton output set to rise
During CS 2019-20, cotton production is estimated to have increased by 13.6 per cent to 6 million tonnes during CS 2019-20 on account of higher yields backed by favourable monsoon conditions.
Spinning: A comeback tale
Despite uncertainties in the market created by Covid-19, the textile spinning and machinery and accessories industry is bouncing back with reported rise in orders.
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