MARKET & ECONOMY​

Yarn, Fabric and Accessories Trade Show 2016 will run from November 23-26, 2016 at the NSIC Exhibition Center Okhla, New Delhi. The special highlight of the YFA will be the Denim Zone. The zone will see 20 top Indian denim fabric makers exhibiting their denim innovations.

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.

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.

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.

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.