MARKET & ECONOMY​

An industry-friendly software i-ATUFS to be put in use for the Amended Technology Upgradation Fund Scheme has been is welcomed by the Southern India Mill?s Association

Delicate embroidery grounds continue to be in vogue. Fabric producers are selling transparent, extremely fine, tulle fabrics in the global clothing and lingerie sectors and are constantly demanding new creations in order to stimulate demand even more.

Cotton prices in the Indian market are expected to rise during the coming “off-season months” on reports of lower production forecast and lesser carryover stocks likely for the next season on better consumption and exports.

Cotton Outlook continues to forecast raw cotton production in 2016/17 at 22,748,000 tonnes, representing an increase of eight percent on the previous period. Cotton area is expected to increase modestly and a repeat of the current season?s reduction to yields is not foreseen. Global consumption is also unchanged, at 23,317,000, just 1.4 percent higher than in 2015/16.

Mafatlal Industries (MIL), the flagship company of Arvind Mafatlal Group, estimates to close the current financial year with 25 per cent increase in its turnover at Rs 1,250 crore as compared to Rs 1,013 crore previous year.