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CCI to boost cotton exports to Bangladesh, Vietnam
The Cotton Corporation of India (CCI), which is holding surplus stocks of cotton just ahead of the next harvest season, is trying to boost exports of the fibre crop. A memorandum of understanding is being worked out to export 1.5-2 million bales (of 170 kilograms each) of cotton to Bangladesh while the state-run CCI will also set up its own warehouse in Vietnam to boost cotton exports.
Cambodia-China enter bilateral FTA
China and Cambodia have agreed over the technical aspects and legal framework of a bilateral free trade agreement (FTA), Sok Sopheak, secretary of state at the Cambodian ministry of commerce and head of the country’s negotiating team, recently said without disclosing when the FTA will be signed.
What’s happening in India’s cotton and textile sectors
Mumbai-based Cotton Association of India (CAI) estimated that this year’s Indian crop (October 1, 2019-September 30, 2020) to be 33.55 million bales (170 Kgs each) as against its previous estimate of 33 million bales (170 Kgs each). This is about 550,000 bales higher than the previous estimate.
Export curbs taking huge toll on spunbond nonwoven
The multiple restrictions on exports of Spunbond nonwoven fabric and masks, and regulation of their prices in the wake of the outbreak of Covid-19 cases since March, has taken a huge toll on the Spunbond Nonwoven fabric industry, an industry association has said and demanded that the restrictions be lifted immediately.
Swissmem celebrates 80th anniversary!
When an organisation reaches its 80th anniversary, there is a strong chance that it has survived several crises over those years. In the case of Swiss Textile Machinery, the association was actually born out of a crisis situation.
Textile Industry: Locked down
Covid-19 virus that has thrown the economic activity out of gear across the world has also halted the Indian textile industry to a grinding halt.
When will uncertainty end
A survey conducted by International Textile Manufacturers Federation (ITMF) among global textile companies revealed that on average orders are down by 32 per cent and the turnover for 2020 is expected to drop by 29 per cent compared to 2019 due to Covid 19 pandemic.
Focus on value addition: ITJ webinar
ITJ webinar provided a roadmap for the growth of Indian textile industry with experts emphasising on self-sufficiency, value addition and increasing inherent competitiveness of the industry.
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