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SIMA hails PM’s Rs 20 lakh cr relief package
Ashwin Chandran, Chairman, The Southern India Mills’ Association (SIMA) has thanked the Prime Minister for announcing the special economic and comprehensive package of Rs 20 lakh crore equivalent to 10 per cent of India’s GDP to make the country to march towards self-reliant India.
Industry on ‘wait-n-watch’ mode
The textile industry is keeping its fingers crossed over the emerging threat of coronavirus in the months to come.
Cotton & MMF – Outlook 2020
After registering a decline of about 9 per cent in cotton season (CS) 2018-19, India’s cotton production is likely to witness a double-digit growth of about 16 per cent in CS 2019-20 with production at 6.6 billion kg during the year on back of favourable monsoon as well as increased MSP that led to increased cotton crop sowing. For CS20, the acreage under cotton is estimated to have marginally increased by about 1.3 per cent to 12.8 million hectares.
Cotton & MMF outlook-2020
World cotton production is projected to be lower than its consumption for the fourth year in row. This has marginally supported the cotton prices in CS19 despite the subdued demand.
Stilts for Sagging Fortune?
Governments usually go by the diction, ‘better late than never.’ The recent instance is when the Finance Minister Nirmala Sitharaman announced six steps to boost exports including the new Reimbursement of Taxes and Duties for Export Promotion (RoDTEP) scheme on export duties,etc.
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