Manikam Ramaswami, 63, Chairman and Managing Director of Loyal Textile Mills, passed away recently. He is survived by his wife Valli Manikam Ramaswami and daughter Vishala Ramaswami.
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India exported 1,082 million kgs of cotton yarn, valued at $3.75 billion in the first 10 months (April-January) of fiscal year 2013-14. It is estimated that cotton yarn export for the full fiscal year 2013-14 would be around 1,350 million kgs valued at $4.70 billion.
Cotton cultivation has brought accolades for India. The cotton textile companies are not far behind in bringing in more praises & laurels for the country. In 2012-13, the members of The Cotton Textile Export Promotion Council — TEXPROCIL,