LATEST NEWS

Sericulture in Jammu and Kashmir will get a boost with the newly established silk weaving and silk filatures factories at Bari Brahmana area of Samba district. These new facilities have been established with project cost of Rs 16.80 crore and Rs 6.64 crore respectively.

Textile sector is under stress in India. Recently, 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 kg each) as against its previous estimate of 33 million bales (170 kg each).

The Rieter compact-spinning system with the high-performance card C 80, comber E 90, ring spinning machine G 38 and the compacting device COMPACTdrum is known for very good yarn quality, the highest possible level of flexibility and low production costs.

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.

Despite the difficult moment that the world economy is going through due to the consequences of the pandemic generated by the COVID-19 virus, Itema’s Board of Directors chooses not to stop investments, convinced that the only way to overcome this critical period is to believe in a future made prosperous by long-term strategic choices.