Cotton

“Avoid Panic Cotton Buying” – SIMA Advises Spinning Mills

Textile Insights March 2, 2024

Following a steep increase in cotton prices, particularly the Shankar-6 variety in the last two weeks, the Southern India Mills’ Association (SIMA) advised spinning mills to avoid panic buying. According to Dr SK Sundararaman, Chairman, SIMA, cotton prices have increased by 10-12 percent within

Industry

Indian Textile Sector Optimistic As Markets Being To Recover

Textile Insights January 18, 2024

The Indian textile industry, which has been grappling with low demand for almost a year, is now feeling optimistic as the market begins to recover. One of the main reasons for this new found optimism is the decrease in inventory levels across the entire value chain. Additionally, China has recently purchased 6,000 tons of cotton […]

Cotton

Australia Can Export 50,000 Tons Tariff Free Cotton To India

Textile Insights November 23, 2023

50,000 tons of Australian cotton can now be exported to India at zero percent import duty as against the 11 percent import duty imposed by the Indian government. This move is expected to encourage Australian apparel brands who wish to manufacture garments in India, using Australian cotton. Last week, a delegation made up of Cotton […]

Corporates

Indian Spinners Association Elects New Leadership At AGM

October 1, 2023

The Indian Spinners Association (ISA) announced the outcome of its Annual General Meeting (AGM) held on September 22, 2023, unveiling new leadership to steer the association forward. Prashant Mohota, the Managing Director of Gimatex Industries Ltd, assumed the role of President. Gimatex Industries Ltd boasts an integrated textile plant located in Hinganghat near Nagpur and

Industry

Indian Textile Industry Witnessing Unparalleled Financial Crisis

Textile Insights July 18, 2023

The Indian textiles and garment industry is witnessing an unparalleled financial crisis due to various reasons and which have disrupted exports of yarns, fabrics and garments to the main markets of the US and EU. The reasons include the prolonged Russian-Ukraine war, higher inflation, slow-down in global economy, 11 percent import duty levied on cotton […]