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CAI pegs 2019-20 cotton estimate at 354.50 lakh bales
The total cotton supply estimated by the CAI during the months of October 2019 to July 2020 is 392.40 lakh bales of 170 kg each which consists of the arrival of 345.40 lakh bales upto July 31, 2020, imports of 15 lakh bales upto July 31, 2020 and the opening stock estimated by the CAI at 32 lakh bales at the beginning of the season on October 1, 2019.
Phoenix Mills to reopen its retail malls in Maharashtra
The Phoenix Mills Limited (PML), India’s largest retail-led mixed-use asset developer and operator, announced the reopening of its three flagship retail malls in Maharashtra as per the Unlock 3.0 guidelines of the Government of Maharashtra.
Crisis in Bhiwandi powerloom sector
Bhiwandi has approximately 6.5 lakh power looms, which is 33 per cent of country’s total power looms. Out of 6.5 lakh, about 15-20,000 looms are automatic and mostly China made rapier, writes B Basu.
Maha HC stays show-cause notice to 62 textile units
The Bombay high court (HC) recently stayed notices issued by the Maharashtra Pollution Control Board (MPCB) to 62 textile units in Malegaon that refused to grant consent to operate the units.
4th IPF awards lauds 19 SMEs from 16 cities
Industrial Products Finder (IPF), India’s largest circulated industrial magazine in its 48th year, hosted its 4th IPF Industrial Excellence Awards on January 16, 2020 at the National Stock Exchange (NSE), Mumbai, during which 19 SMEs from 16 Indian cities were presented the awards in recognition to their achievements during the year.
Technical textile industry upbeat after Techtextil India
An industry growing at a CAGR of 20 per cent to reach $28.7 billion, technical textiles is one of the most dynamic sectors in India. Techtextil India 2019, the leading platform to source products using technical textiles, reflects the industry with the biggest opening received this year.