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India’s 1st textile city to come up in AP
India’s first integrated textiles city is likely to come up in Andhra Pradesh. The proposed textile city will be built on the lines of the China Textile City in Keqiao district.
India seeks new export markets for wool
India's wool exports to the US and Europe on the decline, with the result the wool industry is shifting focus to markets such as Kazakhstan, Germany, China and Australia.
Anti-dumping duty on PTA from 5 countries
Indian producers of purified terephthalic acid (PTA), a key raw material for manufacturing polyester chips, have cause for cheer with the Finance Ministry imposing definitive anti-dumping duty (ADD) on its imports from China, Iran, Taiwan, Indonesia and Malaysia. This Revenue Department move-which came less than a month after the recommendation of the designated authority in the Commerce Ministry-is expected to come as a relief for Reliance Industries and Indian Oil Corporation Ltd (IOCL).
China to restart cotton auctions soon?
China plans to restart auctions to sell off some of its 11 million metric-ton stockpile—the world’s largest—in the second half of April, a move likely to keep cotton prices under pressure meanwhile. China’s National Development and Reform Commission, an economic planning and development agency, will hold auctions from the middle or end of April to reduce its cotton stockpiles, according to CNDRC.
China’s nonwoven market on steady growth path
According to a survey conducted by China Nonwovens and Industrial Textile Association (CNITA), the production index of the industry in the first three quarters is 61.2, still within the growing range, but it is lower than the 67.3 in the first-half year, staying at bottom level in recent years.
MMF: Daring to fly higher!
For the man-made fibre industry (MMF) in India, its disgruntlement is turning into unceasing aggression. The reasons are many: China exports 65 per cent of manmade textiles out of its exports of $650 billion while India´s share of manmade textiles is hardly 20 per cent out of its exports of $40 billion.
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