As the local crop of Sindh-Balochistan zone is likely to remain low this year to 11.25 million bales against the requirement of 14.5 million bales, the All Pakistan Textile Mills Association (APTMA) seeks immediate withdrawal of four per cent import duty on raw cotton by the Government.
Browsing: cotton industry
As the local crop of Sindh-Balochistan zone is likely to remain low this year to 11.25 million bales against the requirement of 14.5 million bales, the All Pakistan Textile Mills Association (APTMA) seeks immediate withdrawal of four per cent import duty on raw cotton by the Government.
Globally, cotton is losing its share in textile manufacturing because of the stiff competition it faces from polyester and other manmade fibres.
Nayan C Mirani of Khimji Visram & Sons, has been elected the President of Cotton Association of India (CAI) for the year 2016-17 at the meeting of the Board of Directors of CAI.
Nayan C Mirani of Khimji Visram & Sons, has been elected the President of Cotton Association of India (CAI) for the year 2016-17 at the meeting of the Board of Directors of CAI.
Nayan C Mirani of Khimji Visram & Sons, has been elected the President of Cotton Association of India (CAI) for the year 2016-17 at the meeting of the Board of Directors of CAI.
India has already begun to import cotton. In December, already about 3 lakh bales of cotton have been imported. This year as arrival of cotton has fallen post the note-ban and farmers are not selling cotton in a big way as they prefer to deal in cash, the prices of the commodity have firmed up to Rs 39,000 per candy of 355 kg in the domestic market.