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.
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India’s cotton industry is a happy lot now, thanks to the whitefly ravage that has gripped Pakistan, threatening to push Pakistan’s cotton production to an 18-year low
in 2015/16, according to the latest projection from the U.S. Department of Agriculture (USDA).
India’s overall exports of textiles and clothing in 2015-16 may stand at $40 billion, similar to the level a year ago, according to the new Textile Commissioner Kavita Gupta who has assured the textile industry all-out support to overcome global slowdown.
The Karnataka Government is angling for global investments in the textile sector, especially for specialised industries such as hospitals, sports and infrastructure. Karnataka is home to 70 large and medium textile companies and more than 50,000 small units operate under the micro, small and medium (MSME) categories.
Russia pins high hopes on technical textiles, technical textiles, textiles, Russian Ministry of Industry and Trade, synthetic textiles industry
According to a survey conducted by China Nonwovens and Industrial Textile Association (CNITA), the production index of the industry in the first three quarters is 61.2, still within the growing range, but it is lower than the 67.3 in the first-half year, staying at bottom level in recent years.
In recognition of RSWM’s excellent track record in field of exports, the Synthetic and Rayon Textiles Export Promotion Council (SRTEPC), responsible for promotion of export of synthetic textiles from India, has conferred three awards on RSWM for logging remarkable feat in exporting synthetic textiles offshore.