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Only 20% target met for cotton sowing in Punjab
Cotton sowing in Punjab has been delayed because only 20% of the crop has been sown till May 10. Also, only 63,220 hectares of land has been used for sowing in Punjab, according to Punjab Agriculture Department.
Sintex Industries has been filed for insolvency by NCLT
The National Company Law Tribunal (NCLT) has admitted an insolvency petition against Sintex Industries, a popular textile and yarn manufacturer in India, as it failed to pay around Rs 70 billion to creditors, led by PNB.
Texcare Forum concludes with talks on digital culture
Texcare Forum India – LaundrexNet 2020 Conference marked its second edition on 15 February 2020 emphasising on the textile care sector implementing the fourth industry revolution and challenges that comes in-hand with it.
Trident to invest Rs 1k cr in J&K
The Trident Group plans to invest Rs 1,000 crore in Jammu and Kashmir to help develop the union territory, according to its chairman Rajinder Gupta.
Govt signs MoUs worth Rs 455 cr at textile conclave
The one-day Punjab Apparel and Textile Conclave proved to be beneficial for boosting investment in the state, as the government signed pacts worth Rs 455.34 crore, Minister for Industries Sunder Sham Arora said. During the conclave, organised in Ludhiana, MoUs worth Rs 455.34 crore were signed between the state government and nine prominent industries, Arora added.
Pak cotton output to plummet
Pakistan’s cotton production is feared to plunge to 11 million bales during the current season against the revised target of 12.6 million bales as the country’s key crop producing province Punjab is likely to deliver an output setback, officials said.
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