The government’s timely move to temporarily suspend import duties on raw cotton has given a leg up to Indian textiles at least for the near-term
As we step into a festive season rich with colour and culture, one thing is clear: fashion’s most powerful statement right now isn’t fast or fleeting. It’s handwoven, slow, and timeless and ready to blend centuries-old craftsmanship with contemporary silhouettes.
The textile industry utilisation levels remain a concern globally and hence, any spurt in cotton prices would certainly tell on industry profit margins
India’s cotton textile industry is in a tight spot. Cotton and yarn prices are tumbling on the back of weak demand, particularly in big markets such as the US and Europe
Replying to supplementaries during the Question Hour, the minister said it is true that in last few years, Bangladesh and Vietnam have made progress in the field of cotton textiles and garments.
July data showed the global cotton textile trade has been coming off from its highs. The export of cotton yarn, fabrics and handlooms products from India during the month, according to industry sources, declined by about 28 per cent year-on-year
Mr Santosh Kumar Gangwar, Union Textiles Minister stated that restructuring of the Technology Upgradation Fund (TUF) Scheme is under active ...
Vardhman Textiles is positive on a better performance in the current fiscal on the back of a weak rupee. SP Oswal, its CMD feels that with the rupee currently appreciating, there will also be stability in the raw material costs, which will be better for the company's prospects.