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Rising cotton prices hurting Indian textile industry
Steep increase in cotton prices will not only affect the industry and squeeze margins, but will also lead to higher prices in apparel and textile goods for domestic consumers, says Ashwin Chandran, Chairman, The Southern India Mills’ Association (SIMA)
Smriti Zubin: Cotton yarn prices to be studied
A third-party study has been demanded by Smriti Zubin on the sudden spike in cotton yarn prices. This price hike has affected the prospects across the value chain of Indian textiles.
Pakistan’s textile exports increase by 18.9% in FY21
Pakistan’s textile export in FY21 has registered a growth of 18.9% and is currently standing at $13.7 billion. The same for May 21 registered a growth of 41.1% and is standing at $1.06 billion.
Fluctuating yarn rate trouble Ludhiana producers
The textile and garment producers in Ludhiana are relieved with the easing of lockdowns but with the fluctuating rates of yarn, they are worried. Yarn is the biggest raw material in the industry.
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