Search Results: China Plus One (295)

China needs to pull up its socks when it comes to setting prices and formulating standards in the cotton textile industry. Due to the pandemic, the industry has been severely affected by reduced demands for garments.

The long-awaited GST rates have sparked off many a smile and a few wails in the textile industry! While the majority of textile industry, particularly the garment industry, has gone gung ho over the new rates of GST, synthetic textile segment has been crying hoarse, legitimately over the 18 per cent rate.

Among the major cotton producing countries, India holds the largest area under cotton cultivation, which covers around 11-13 million hectares of agricultural land constituting about 40 per cent of world’s total area under cotton cultivation, says Amit Gugnani of Technopak.