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NITMA appeals to PM Modi to stop under-invoiced imports of synthetic knitted fabricsNITMA has requested Prime Minister Modi to halt under-invoiced imports of synthetic knitted fabrics, which hurt the local textile industry....- Cotton takes support at MSP as arrivals pick upCotton prices are not expected to spike from current price levels.
- Spinning mills of North India considering cutting back productionThe decision to take this extreme step has come as a result of excess spinning capacity in the country and poor demand for yarn from overse...
- Parties want to put off Thiruvarur bypoll to allow cyclone relief; Dhinakaran wants electionsThe Amma Makkal Munnetra Kazhagam, begun by VK Sasikala’s nephew TTV Dhinakaran, had been standing by its intent to have the elections cond...
- MCX signs MoU with NITMA for educating its membersCotton constitutes about 59 percent in the raw material basket of the Indian textile industry.
- Textile mills association laments hike in peak load tariff, asks Punjab CM to roll back decisionThe industry is seeing the PSERC orders as backdoor increase in hike as the power tariff are still to be announced for the current financia...
- Cotton spinning mills face decline in domestic cotton outputThe industry is suspecting heavy squeeze in margins as demand-supply imbalance is stoking cotton imports and new crop arrival is delayed du...
- Textiles sector to drive Skill India, Make in India: Textiles Secretary S K PandaTextiles Secretary S K Panda said the sector will be the driving force behind Skill India and Make in India campaigns as it has the potenti...
- NITMA considering to shut down mills once a week against current 24 by 7 trendThe decision to take this extreme step has come in the wake of domestic excess spinning capacity in the country and poor demand for yarn.
- Textile and garment exports to fall short of targeted 5% expansionThe CCI procured the cotton from farmers at a minimum support price, which was much higher than the prevailing domestic prices, earlier thi...
- 'TUFS suspension affecting investments in textiles'The textiles ministry would soon approach the Cabinet Committee on Economic Affairs (CCEA) seeking additional resources for TUFS.
- Textile sector bleeds with 7 lakh job losses in 6 monthsThe numbers are shocking. Something that no sector has witnessed so far. There are reports of layoffs from all over Tamil Nadu which is fac...
- Textile industry may lay-off 5-6 lakh employeesSpinning sector in particular is in a difficult situation because of increased costs of inputs, mainly cotton. Right approach for different...
- Rising input costs, interest rates hit textile industryPrice of cotton shot up by 40% in one year. To arrest price rise, the government had withdrawn all incentives on raw cotton exports and scr...
- Yarn mills to strike work; seek ban on cotton exportIn a rare show of unity, trade unions and managements of over 3,000 textile yarn units will strike work on July 9 pressing for suspension o...
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