Reinforcing its commitment to Internet of Things, Services and People, ABB group appoints Guido Jouret, a pioneer of the Internet of Things, as Global Chief Digital Officer, reporting to ABB Group’s CEO Ulrich Spiesshofer, effective October 1, 2016.

World’s cotton harvested area in 2016-17 is projected at about three per cent below last season. For India—the leading cotton producer—the crop is forecast at 27 million bales in 2016-17, two per cent above 2015’s six-year low. In 2016-17, an above-average yield is expected to more than offset lower cotton area as farmers in India are reported to have planted alternative crops.

Organic Cotton Round Table (OCRT), which held the 2015 Organic Cotton Round Table in Mumbai, will hold this year’s event in Germany.

Nagpur-based Central Institute of Cotton Research (CICR) plans to launch nearly 15 varieties of desi cotton seeds in March next year, in order to substitute for Bt cotton.

The global hosiery market (socks, tights and pantyhose and nylons) is expected to grow at a compound annual growth rate of around four per cent in the next four years.

The global hosiery market (socks, tights and pantyhose and nylons) is expected to grow at a compound annual growth rate of around four per cent in the next four years.

India’s spun yarn exports in July 2016 plunged 36 per cent in volume terms and value terms. Indian spinners faced a fall in their margins and found it difficult to compete on the international market.

World demand for medical disposables is projected to increase 6.2 per cent annually to $273 billion in 2020.

In July 2016, 83 countries imported spun yarn from India, with Bangladesh at the top, accounting for 18 per cent of the total value with imports rising 24 per cent year on year in terms of volume and 22 per cent in value. China ranked second in July and accounted for around 18 per cent of all spun yarn exported from India. Peru was the third largest importer of spun yarns. These three top importers together accounted for around 42 per cent of all spun yarns exported from India in July.