[ad_1] With the government not extending the 11 % import duty exemption on cotton beyond December 31, 2025, the price of domestic cotton is firming up. Price of the widely-used Shankar-6 variety of cotton was ₹52,500 a candy on December 15, ₹53,500 on December 27, ₹53,800 on December 30, and ₹54,000 on Saturday (January 3). […]
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[ad_1] Unseasonal showers: According to the textile industry and cotton traders, quality is an issue this year because of the rains. File | Photo Credit: The Hindu Cotton farmers In Telangana are struggling to get the minimum support price (MSP) of ₹8,110 a quintal as unseasonal and heavy rains have affected the quality of cotton. […]
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[ad_1] The government should look at strengthening farm to factory practices in the cotton sector and adopt a multi-pronged strategy to build export-ready ecosystems and align cotton production with India’s $100 billion textile export target by 2030, according to a knowledge paper ‘Cotton 2040: Technology, Climate and Competitiveness’ released by the Confederation of Indian Textile […]
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[ad_1] The textile industry is pitching for a fibre-neutral GST at 5% for the entire textile and apparel value chain. | Photo Credit: SAMUEL RAJKUMAR The textile industry is pitching for a fibre-neutral GST at 5% for the entire textile and apparel value chain. Currently, cotton-based textile sector has 5% GST, except for garments priced […]
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[ad_1] The textile industry, which is the main consumer of cotton, has welcomed the decision of the Central government to postpone implementation of Quality Control Order on cotton bales. | Photo Credit: S_HARPALSINGH The Bureau of Indian Standards (BIS) has postponed the implementation of Quality Control Order on cotton bales to August 2026 from August […]
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[ad_1] Industry sources said several textile mills have reduced production due to low demand for yarn leading to a drop in demand for cotton Industry sources said several textile mills have reduced production due to low demand for yarn leading to a drop in demand for cotton Cotton consumption by textile mills has declined in […]
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[ad_1] Bengaluru-based S24 Parganas employs aari and zardozi hand embroiderers from the West Bengal district of the same name to craft statement tops, dresses and jackets Bengaluru-based S24 Parganas employs aari and zardozi embroiderers from the West Bengal district of the same name to craft statement tops, dresses and jackets During the first Covid-induced lockdown […]
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[ad_1] Need to watch sustainability of growth as there are supply chain constraints: Texprocil official Need to watch sustainability of growth as there are supply chain constraints: Texprocil official Cotton textile exports, including raw cotton, in 2021-22 were $15.29 billion, according to provisional data available. Manoj Kumar Patodia, chairman of Cotton Textiles Export Promotion Council […]
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