The cotton price has been fluctuating in tandem with international price unlike earlier cotton seasons. The global cotton price ruled high during the last cotton season which continued till the beginning of the new season.
Browsing: Southern India Mills’ Association
All is not well on the cotton front! Fall in production and acreage, and wild fluctuations in the prices beginning late last year have dampened the spirit of the industry. On the farm front, ravages of bollworm have added to the woes of the suppliers.
P Nataraj, Chairman, The Southern India Mills’ Association (SIMA) has thanked the Ministry of Shipping and Ministry of Textiles for considering the long pending demand and relaxing the cabotage rule for cotton transport.
P Nataraj, Chairman, The Southern India Mills’ Association (SIMA) has thanked the Ministry of Shipping and Ministry of Textiles for considering the long pending demand and relaxing the cabotage rule for cotton transport.
The two historical reforms viz., demonetisation and GST, brought by the Government within a span of eight months, though had a big impact on the performance of the textile manufacturing sectors especially the garment exports,etc.
Indian textile and clothing exports register positive growth. In 2017, India remained as the world’s leading cotton yarn exporter with a global market share of 25 per cent.
The Budget 2018-19 is good in part for the textile industry thanks to corporate tax cut for MSMEs and higher allocation of ATUFS. The ITJ Cover Story takes stock of the Budget implications and the industry’s reactions.