Govt determined to finalise RoDTEP guidelines, remission rates for exports soon: Piyush Goyal

The Department of Commerce and Department of Finance are under active consultation for early finalisation of the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme guidelines and remission rates for export items, Commerce Minister Piyush Goyal told Rajya Sabha. The Home Textile Exporters’ Welfare Association had urged Commerce Minister, Piyush Goyal and Finance […]

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China’s cotton imports set to increase to 2.4 million tonnes this marketing year

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China’s cotton imports are projected to increase marginally to 2.4 million metric tonnes in the current marketing year to meet higher demand for textiles and apparels, according to a report of the US Department of Agriculture (USDA). Its cotton imports last year were 2.3 million metric tons. World’s largest cotton supplier US exported 884,000 metric tons to […]

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India to become ‘Aatmanirbhar’ in silk production in 2 years: Smriti Irani

Union minister for textiles, Smriti Irani has expressed confidence that India will become self-reliant or Aatmanirbhar in silk production within the next two years. The Minister for Textiles and Women and Child Development said the government aims to provide employment to over one crore people exclusively in the silk segment through the Krishi Vigyan Kendra […]

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ICAR-CIRCOT signs MoU with Bhabha Atomic Research Centre for gamma irradiation

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The ICAR-Central Institute for Research on Cotton Technology (CIRCOT), Mumbai has signed a Memorandum of Understanding with the Bhabha Atomic Research Centre (BARC) in Maharashtra. The Memorandum of Understanding is aimed at improving collaborative research in Quality Improvement of Cotton Cellulosic Biopolymer by Gamma Irradiation for their application in Medical as well as Food Industries. […]

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Cotton prices may fall further on higher output, weak demand: Ind-Ra report

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Cotton prices continued to reduce in August 2019, mainly due to a fall in international prices, rating agency India Ratings and Research (Ind-Ra) said in its latest report, adding that it expects prices to fall further as global production is likely to be higher than demand growth. With local prices (MSP) being higher than international […]

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Cotton quality to be better this season, but India’s textile output likely to dip in 2018-19

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India’s cotton position would remain comfortable during the 2018-19 season as the minimum support price (MSP) is up 26 to 28 per cent, notwithstanding favourable monsoon condition as well, a top official of Indian Cotton Federation (ICF) said. During the last cotton season, the trade had projected a very tight closing stock, but in reality […]

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