MARKET & ECONOMY​

The Pakistan Yarn Merchants Association (PYMA) has urged the Pakistan Government for removal of the regulatory duty on the import of yarn. An appeal has been made to Dr Miftah Ismail, advisor to the Prime Minister on Finance, Revenue and Economic Affairs, for supply of affordable raw materials to the textile industry to increase the production.

The Jamnagar plant of Reliance Industries Limited (RIL) has become home to the world’s largest operating refinery off-gas cracker (ROGC). With this, RIL has joined the distinguished league of top five petrochemical producers globally.

The Cotton Corporation of India (CCI) has procured about 5 lakh bales this season of which 4 lakh bales have been procured at minimum support price (MSP) and the remaining 1 lakh bales as part of its commercial operations, senior officials at the CCI said.

The government of Bihar has sanctioned a grant of Rs 60 crore for the set up of an advanced centre on sericulture in the state. The centre will come up at Abdul Kalam Agriculture College in the Kishanganj district. The establishment of the proposed silk farming centre will help in the development and growth of the silk industry in the state.

Exports of home textiles from Egypt increased 4.8 per cent year-on-year in January-November 2017. Exports during the eleven-month period were valued at $664 million, as against $443 million registered in the same period last year, according to the Egyptian Home Textiles Export Council (HTEC), under the ministry of foreign trade and industry.

Indo Count Industries Limited, one of the leading manufacturer and exporter of bed linen and home textiles in India, has won the prestigious gold trophy for the “highest exports of cotton made-ups (bed linen/bed sheets/quilts)” for the year 2016-2017.

GoCoop, India’s first online Global marketplace that enables handloom co-operatives and artisans, will host ‘the good loom show’, a trunk show to showcase their brand new fashion label ‘the good loom’ at Taj Vivanta, MG Road on January 5-6, 2018.