MARKET & ECONOMY​

Higher production world over and increasing demand is the state of the cotton industry. On the day of inauguration of the 45th President of the United States, cotton industry people gathered in Lubbock, USA for the Plains Cotton Growers’ cotton meeting. The year 2016 has been phenomenal for cotton production in the High Plains of Texas and the production in this region is expected to be about 5.05 million bales.

An interdisciplinary work has resulted in functionalized artificial spider silk using E.coli bacteria. Scientists at the United Kingdom-based Nottingham University have utilised a concept called “click chemistry,” to synthesise antibiotic spider silk. Professor Neil Thomas of the School of Chemistry collaborated with life scientist Dr. Sara Goodacre and her team in the research.

The Union Textile Ministry has announced unique terms and conditions for procuring fully pressed cotton bales from Cotton Corporation of India (CCI) for the benefit of MSME textile units.

Clarviate Analytics has named DuPont a 2016 Top Global Innovator for the sixth consecutive year. The program, based on proprietary data, recognises the most innovative corporations and institutions in the world that shape the future through the development and commercialization of breakthrough technologies.

Cambodia’s apparel and footwear industries are thriving, but that could change in light of several factors related to Brexit and the country’s overall economic growth, according to a bulletin by the International Labor Organisation. Cambodia’s garment and footwear industries accounted for 11 per cent of the economy in 2015.

Exports from Bangladesh, particularly of garment items, will face further tariff competition in the US market if Donald Trump, the President-elect, implements his plan of border tax, one of his major campaign promises.