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USDA: India’s cotton production to grow by 4%
The USDA has projected India’s cotton production for the upcoming season at 37.8 million bales. The Indian textile industry says a lot of it depends on the southwest monsoon.
ADDEV Materials acquires TPI, expands offerings
ADDEV Materials’ acquisition of French manufacturer Textile Pour l’Industrie (TPI) will help the former to expand its critical cleaning and surface preparation supplies in the civil and military aeronautics markets.
COVID crisis: Textile exports fell by 13% in FY2020-21
The provisional data of the Cotton Textiles Export Promotion Council revealed that the exports of readymade garments and manmade textile declined by 20.78% and 21.20%, respectively. The final data is expected by May end.
India’s cotton production likely to decrease in 2020-21
The Committee on Cotton Production and Consumption expects the current year’s production to be 36 million bales, lower than last year’s estimate of 365 lakh bales. This dip is owing to the spread and impact of COVID-19.
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.
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