MARKET & ECONOMY​

The consistently high cotton prices in India in 2016-17, and which is still continuing in this financial year, will encourage Indian farmers to grow more this year.

Hyosung Corporation is likely to increase its investment in Vietnam, encouraged by good earnings by its Vietnamese subsidiary and a slew of measures taken by the Government to attract foreign investment in the Southeast Asian nation.

Radhika Goenka, daughter of BK Goenka and heiress to the Welspun Group, is set to start her own line of women’s innerwear – Lingerie Shop. This will also feature the launch of fully functional lingerie vending machines with its all-black collection, Be Mine, on display.

Cotton community in the US has realised that cotton industry needs collective effort by all stakeholders to advance. End-user communities, research organisations, financial institutions, policy makers need to work with cotton, agriculture and for that matter any industrial sector to advance.

Farmers and agriculture experts in Punjab are expecting a major increase in the area under cotton cultivation this season. The Punjab Agriculture Department has set a target of 4 lakh hectares to be brought under cotton cultivation in eight districts of the Malwa belt.

The Haryana Government’s recently announced textile policy, which aims for integrated development of the textile industry, is expected to make the State competitive for investments in the sector, rating agency ICRA said.