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The Southern Gujarat Chamber of Commerce and Industry (SGCCI) will sign a memorandum of understanding (MoU) with the Gujarat Government for the development of Rs 1,800 crore worth of mega textile park at Pinjrat during the Vibrant Gujarat summit.

The Maharashtra Government plans to set up a garment park with an investment of Rs 300 crore at Solapur, which is considered the textile hub of Maharashtra. Inaugurating the three-day International exhibition on uniform and textile, Subhash Deshmukh, State Textile Minister, said the Government plans.

The Southern Gujarat Chamber of Commerce and Industry (SGCCI) will sign a memorandum of understanding (MoU) with the Gujarat Government for the development of Rs 1,800 crore worth of mega textile park at Pinjrat during the Vibrant Gujarat summit.

Following a 35 per cent increase in cotton prices in 2015, Brazilian cotton prices continued to rise in 2016, in which they grew 22.6 per cent over 2015. Cotton prices were primarily driven by low cotton supply in the local market from an unexpected crop failure in the 2015-16 season, while firm demand also pushed up quotes in the last four months.

As the local crop of Sindh-Balochistan zone is likely to remain low this year to 11.25 million bales against the requirement of 14.5 million bales, the All Pakistan Textile Mills Association (APTMA) seeks immediate withdrawal of four per cent import duty on raw cotton by the Government.

According to Nilesh S Shah, VP of the Solapur Readymade Garment Manufacturing Association (SRGMA), ?Solapur?s closely-knit and largely unorganised garments and uniforms industry is attracting attention of the armed forces.?