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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.
Banks should lower interest rates: G Muralikrishna
In this interview, G Muralikrishna, Director, Fiberplus Tex Products, speaks on the company’s journey over the years, and some of the major products offered by them for the textile industry.
Cotton and crisis management
Technical applications of cotton are finding applications in crisis management scenarios. Recently, India’s largest oil and gas company, ONGC uses cotton-based absorbent mats for absorbing oil spills.
Cotton contamination up reveals ITMF survey
The level of cottons moderately or seriously contaminated as perceived by the spinning mills from around the world grew from 23 per cent in 2016 to 26 per cent in 2019.
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.
Italian texmach: Orders intake drops in 2Q2020
The index of orders intake for Italian textile machinery, as compiled by ACIMIT, fell by 47 per cent for the period April-June 2020, compared to the same period in 2019, with orders falling both abroad and in Italy.