BCI signs MoU with Tajikistan to support sustainable cotton productionThe Better Cotton Initiative (BCI) has signed a memorandum of understanding with the Ministry of Agriculture of Tajikistan to further support the production of more sustainable cotton across the Central Asian country. The MoU was signed at the recently held Tajikistan Investment and Development Forum in London by Better Cotton Director, Rebecca Owen, and Tajikistan's Minister of Agriculture, HE Qurban Khakimzoda.It establishes that Better Cotton and the Ministry will develop a strategic roadmap for more sustainable cotton production in Tajikistan in accordance with the Better Cotton Standards System, taking into account the requirements of the global market. It aims to prioritize the expansion of more sustainable cotton production with a focus on both environmental and social consequences. In particular, improvement in cotton fiber quality, farmer welfare and overall agricultural sustainability are in scope.Based on the collaboration, both sides will conduct nationwide outreach and awareness activities to promote the benefits of more sustainable growing practices, while adopting practical innovations will be explored to determine how domestic farmers can improve . The organization says that fundamental to this change will be the availability and allocation of financial resources. To this end, Better Cotton states that it will work with the ministry to identify new sources of funding and investment that can unlock new opportunities in the country's cotton sector.Rebecca Owen, said: "This MoU will create opportunities to improve livelihoods, welfare and market access for cotton farming communities." Better Cotton says its program in Tajikistan has already shown results. In the 2019-2020 cotton season, synthetic fertilizer use among improved cotton farmers was 62% lower than comparison farmers, while yields were 15% higher.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Hiked-pakistan-spot-rate-cotton-head-kca-closed-committee-market
Cotton sowing started in Muktsar, fearing loss, most of the farmers turn towards paddyRain-affected farmers in Muktsar may abandon cotton for paddy as the cost of the cash crop is high, paddy is safe.The inclement weather has worried the cotton growers of the district, who are looking to dump this cash crop in favor of paddy. According to them, cotton sowing is more labor intensive and costs more and in case of its failure, they will suffer huge losses. Cotton sowing has started in the region and will continue till mid-May. Since wheat harvesting has been delayed due to recent rains, farmers who have harvested mustard are now sowing cotton.Farmer Jagjit Singh, who visited the district administrative complex to know the status of Girdawari of his damaged wheat crop, said the weather remained unpredictable this time. “We have already suffered losses due to the failure of the wheat crop. If the weather remains uncertain, we will have to turn to paddy again."Meanwhile, it rained again in some parts of the district today. Muktsar Chief Agriculture Officer Gurpreet Singh said that cotton sowing has started. Last year, against the target of 45,000 hectares, the crop was sown in 33,000 hectares in the district. This year we will try to increase the area under this crop while some farmers want to stick to paddy. But the soil is suitable for cotton and farmers will definitely opt for it.”👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Hiked-pakistan-spot-rate-cotton-head-kca-closed-committee-market
Pakistan cotton spot rate hiked by Rs 300 per headThe spot rate committee of the Karachi Cotton Association (KCA) on Monday increased the spot rate by Rs 3,00 per head and closed it at Rs 19,000 per head.The local cotton market remained stable and there was a slight improvement in the trading volume. Cotton analyst Naseem Usman told that the price of cotton in Sindh is 17 thousand to 20 thousand rupees per head. The rate of cotton in Punjab is Rs 18,000 to Rs 20,000 per head. The rate of footi in Sindh ranges from Rs 5,500 to Rs 8,300 per 40 kg.The rate of footi in Punjab ranges from Rs 6,000 to Rs 8,500 per 40 kg. The rate of polyester fiber was increased by Rs 5 and was available at Rs 363 per kg.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Restored-pakistan-demand-textile-industry-energy-ampta-tcp-rated-zero
Rupee weakens by 17 paise against dollarThis evening, the rupee closed at a level of 82.33 against the dollar with a weakness of 17 paise.Sensex closed up by 115 pointsToday the stock market closed with a boom.Today, where the Sensex closed at a level of 59106.44 points with a gain of about 114.92 points.At the same time, the Nifty closed at the level of 17398.00 points with a gain of 38.20 points.
Demand of Pakistan textile industry, zero rated energy should be restoredPakistan textile industry is on the verge of collapse and has demanded that zero rated energy should be restored and pending refunds should be released immediately. All Pakistan Textile Mills Association (AMPTA) has already written a letter to the Prime Minister of Pakistan in this regard.Industry sources say that the Trading Corporation of Pakistan (TCP) is likely to intervene if the price of footy remains below the intervention price. However, Pakistan Readymade Garments Manufacturers and Exporters say that pending refunds should be paid instead of sending audit notices. Separately, Pakistan Kisan Ittehad has appealed to the government to immediately impose agricultural emergency in the country. On the other hand, Pakistan yarn traders have rejected the huge hike in electricity and gas rates.People associated with the textile sector have been continuously complaining that the biggest foreign exchange earner and the biggest employment provider sector is on the verge of collapsing due to the lack of attention of the government. More than 50 per cent mills and other sectors have already closed. It seems that the revival of this sector is difficult in the coming days as the crisis is getting deeper. According to the Textile Value Added Sector, he was supposed to meet the Prime Minister four times, but unfortunately he could not meet the Prime Minister.Central leader of Value Added and Hosiery Association Javed Balwani said in the meeting of other representatives of the sector that it seems that the government and the Prime Minister do not care about them and they are shying away from meeting them despite being invited. It seems that they want the exporters to leave the country and invest in some other country. “Now we will contact the Prime Minister or the establishment etc. on Zoom.” He also said that if the government is unable to solve our problems then we will look to Almighty Allah to solve our problems in the holy month of Ramzan. According to some reports, some industrialists are ready to shift their business abroad.Meanwhile, Asif Inam, president of the All Pakistan Textile Mills Association, said in an interview that the country's textile sector is on the verge of bankruptcy due to the negligence of the government. In this difficult situation it has become impossible to run any industry including textile industry when interest rate is at all time high, increase in gas rate by Rs 45 per unit will only create difficulty in importing cotton.He said that the target of textile exports this year was estimated to be around $26 billion, but due to lack of interest and inappropriate steps taken by the government, textile exports would remain less than $19 billion. He also said that the entire industrial set up is in serious trouble due to the lack of interest shown by the government.It is being feared that the country's total exports will decrease by $ 10 billion. The textile sector is running at 50% capacity. Some mills are running partially. If the situation remains like this, there is a possibility of closure of other mills as well. Already unemployment has risen in the country and exports have been at an all-time low. The industry demands that the government should take note of the situation and immediately focus on industry and agriculture so that the poverty level in the country can be reduced.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Review-pakistan-cotton-weekly-punjab-volume-trading
Pakistan Weekly Cotton ReviewThe cotton market witnessed a mixed trend last week amid low trading volumes. In the domestic cotton market, textile mills showed little interest in buying cotton during the last one week, while trading remained sluggish despite efforts by ginners to offload their cotton stocks.However, cotton sowing has already started in the low-lying areas of Sindh province and if the weather remains favourable, partial arrival of cotton will start by the end of May. The price of cotton in Sindh is Rs 16,700 to Rs 18,500 per head. The rate of footi is 6 thousand to 8 thousand rupees per 40 kg. The price of cotton in Punjab is between Rs.👇🏻👇🏻👇🏻👇🏻https://www.smartinfoindia.com/hi/news-details-hindi/India-malaysia-announce-trade-indian-rupee-ministry-external-affairs
India and Malaysia announce trade in Indian RupeeThe Ministry of External Affairs announced on April 1, 2023 that India and Malaysia have agreed to settle trade in the Indian Rupee. The announcement comes against the backdrop of ongoing official efforts to protect Indian business from the impact of the Ukraine crisis. The move away from the US dollar, which has so far been the major reserve currency for international trade, assumes significance as it indicates that India is ready to take concrete steps towards dollarization of its international trade."Trade between India and Malaysia can now be settled in Indian Rupee (INR) in addition to the existing modes of settlement in other currencies. This is in line with the decision of the Reserve Bank of India to allow settlement of international trade in Indian Rupee (INR) in July 2022. This initiative of RBI is aimed at facilitating the growth of global trade and supporting the interests of the global business community in the Indian Rupee,” announced the Ministry of External Affairs.Trading in the US dollar has been difficult since the Russian economy was sanctioned by Western powers after President Putin launched a so-called "special military operation" against Ukraine on February 24, 2022. As a result of the sanctions—and the war—it became increasingly difficult to make payments to Russia in US dollars which in turn triggered a worldwide search for solutions for national currencies and de-dollarization."The Kuala Lumpur-based India International Bank of Malaysia (IIBM) has operationalized this mechanism by opening a special Rupee Vostro Account through its correspondent bank in India, ie, Union Bank of India," said the official announcement.
USDA Potential Planting: 11.3 million cotton acres in 2023The USDA's potential plantings report for the 2023 crop year shows a total cotton planted area of 11.3 million acres for the year -- 18% less than 2022 planting projections.The report was released on March 31 by the USDA's National Agricultural Statistics Service (NASS).Upland cotton area is projected at 11.1 million acres for 2023, down 18% from 2022. The US Pima area is estimated to be 154,000 acres – a 16% decrease from the previous year.The estimated cotton acreage is estimated to decrease in all the states except the three cotton producing states. Arizona shows an estimated 13% increase in total cotton acreage for the year, with increases in both upland (up 14%) and Pima (up 7%) acres. Cotton acres in Missouri and Tennessee are unchanged from 2022.Regionally, the USDA estimates total Southeast cotton acreage at 2.37 million acres in the Mid-South states and 1.71 million acres. The Southwest region is estimated at 6.88 million acres, with 299,000 total cotton acres attributed to the western states.Among other crops, the USDA reports a 4% increase in planted area for corn for 2023, a 9% increase for wheat, a 6% decline for sorghum, a 7% increase for peanuts and a 7% increase for rice. Showed an increase of 16%. Total projected soybean acres are expected to remain relatively unchanged through 2022.The Prospective Planting Report provides the first official, survey-based estimate of US farmers' 2023 planting intentions. The NASS acreage estimate is based on surveys conducted on a sample of about 73,000 farm operators across the country during the first two weeks of March. Data was collected from operators by mail, internet or telephone to obtain information on crop area intentions for the 2023 crop year.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Reduced-cotton-sowing-cai-president-atulganatrajis-stock
Minister in favor of setting up Cotton Corporation of Tamil Nadu under PPP modelThe Tamil Nadu government has favored setting up of the Cotton Corporation of Tamil Nadu with a public-private partnership (PPP) model and a separate commission to buy cotton and sell it directly to spinning mills will be considered at an "appropriate time".Handlooms and Textiles Minister R Gandhi said in the assembly on Friday, we will consult with the Chief Minister. During the Question Hour in the House, DMK MLA K. Selvaraj (Tiruppur South) was replying to a question.“It would be good if the Cotton Corporation of Tamil Nadu is set up in PPP model jointly with representatives of private spinning mills, organizations like Southern India Mills Association (SIMA) and representatives of cooperative mills.Speaking on the issue, DMK's I.P. Senthil Kumar (Palani) argued that such a separate commission would help cotton farmers get a fair price. Pointing out that cotton is being procured from other states and spinning mills are badly hit by the cost, Mr Kumar said such a commission would greatly benefit the cotton farmers as well as the spinning mills .👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Reduced-cotton-sowing-cai-president-atulganatrajis-stock
Cotton sowing will be reduced by 15 percent: CAI President Important excerpts from Atul Ganatraji's interview given to a channel The cotton arrival pattern has completely changed this year. Earlier, 75 percent arrival was taking place till the month of February, but till February this year only 50 percent arrival has taken place.According to CAI the crop size is 313 lakh bales. The next meeting of the committee will be held in the second week of April and the members of the committee will decide whether to increase or decrease the crop size,- In terms of price, from Rs 1,10,000 we are now at Rs 60-61,000 so almost 45-50 per cent rate has already come down.At this rate the spinning mills are making some profit so it is a good time for Indian mills to buy cotton.- Cotton rate has come down from 15000 to 7500 rupees, so next year cotton sowing in India will reduce by 10-15 percent.- News is being received from USA that USA cotton sowing will also be less by 15-20 percent.- With news of 25-30% increase in MSP of cotton, big farmers may not sell their cotton stock this season- We can see for the first time in India 10 percent of the Indian crop will be carried over to the next season.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Indonesia-almost-unlikely-anti-dumping-duty-dgtr-imports-government-textile-manufacturers-viscose
Rupee strengthened by 17 paise against dollarThe rupee strengthened by 17 paise to close at Rs 82.16 against the dollar this evening.1031 gain in sensexToday the stock market closed with a boom.Today, where the Sensex closed at a level of 58991.52 points with a gain of about 1031.43 points.On the other hand, the Nifty closed at a level of 17359.80 points with a gain of 279.10 points.
Anti-dumping duty on viscose from Indonesia almost unlikelyThe Union finance ministry may not impose anti-dumping duty (ADD) on viscose staple fiber (VSF) from Indonesia, as it could lead to shortage of a key raw material for India's textile industry.The commerce ministry's Directorate General of Trade Remedies (DGTR) had in December recommended a duty of $0.512/kg on these imports, as part of a government initiative to enhance the quality of textiles. However, about a dozen members of Parliament, including those from the ruling party, recently wrote to Finance Minister Nirmala Sitharaman to raise the import price of viscose fiber by up to ₹40 per kg.“The DGTR had recommended anti-dumping duty only on VSF imports from Indonesia. We import from two-three countries including Indonesia, Austria, and China. Anti-dumping duty was recommended only in the case of Indonesia as the investigation revealed injury to the domestic industry."Dropping the move to impose duty would provide relief to domestic garment manufacturers, who were facing the prospect of business disruption, reduced competition and economic losses. “The Finance Ministry takes into account the recommendation of the DGTR and also the public interest. The finance ministry has not announced the fee, and the period in which a decision was expected to come is now over. Therefore, there is no possibility of anti-dumping duty on VSF. Duty was limited to Indonesia as there was a huge surge."The MPs wrote to Sitharaman that viscose-blended cotton is the future and forms an important raw material for the spinning and weaving industry, apparel, accessories and technical textile production. He also pointed to problems with VSF availability. “In this financial year, the domestic VSF demand was 700,000 tonnes, and the availability was only 540,000 tonnes. This move (proposition of ADD on VSF) may increase the import price of viscose fiber by up to Rs 40 per kg.The government is focusing on quality, but that does not mean it is not considering maintaining availability. He said, 'I am not refusing imports, but substandard imports should not be encouraged. But at the same time, assured availability of raw materials also needs to be guaranteed."The imposition of a fee on VSF was recommended amid quality improvement efforts and is no longer expected. “The industry understands that there is a need for quality, but the government must realize that our buyers cannot be affected. There is stiff competition from Bangladesh and Vietnam, and if buyers get a better deal, they will not buy from India. This cannot be achieved by force. The government should take an interim step where there can be a voluntary approach for a year," he said.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Today-policy-trad-announced-foreign-msme-goverments-exports
New foreign trade policy will be announced todaySources have revealed that the government will announce the much-awaited new foreign trade policy on Friday, which has sought to support exporters, especially those in the MSME sector, amid a slowdown in global trade.The policy may also come with goals for 2047, such as increasing India's share of global trade to 10 per cent and the share of exports to 25 per cent of GDP.The new FTP was initially scheduled for 1 April 2020, but was postponed several times and the old policy was extended to deal with the uncertainties posed by the COVID-19 pandemic. The last extension of FTP (2015-20) is due to expire on 31 March 2023.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Textile-egyption-cotton-new-spinning-weaving-mansourabdel-ghani-ministry-development
Egypt to set up new textile factory to boost spinning and weaving sectorMansour Abdel-Ghani, spokesman for the Ministry of Public Trade Sector, announced that the garment factories will be opened in July for the state project to develop the spinning and weaving sector. Abdel-Ghani said that Mahmoud Esmat, Minister of the Public Trade Sector, is following the project on a day-to-day basis.He said that the garment factory project is being implemented by a holding company for cotton, spinning, weaving and fabric. It aims to maximize the yield of long-staple and extra-long Egyptian cotton, and add transformational industries such as oil presses, sorghum and others.Hisham Tawfiq, Minister of the Public Enterprises Sector, announced in 2018 that a comprehensive development plan is underway for the spinning and weaving industry within the ministry's companies, which will be implemented over three years. Tawfiq said the plan would include the development of cotton spinning companies through weaving, dyeing and processing.The minister informed that the company's development plan aims at increasing the operating capacity in a single shift and increasing the number of work shifts, which will lead to increased production capacity. The company would expect major investments especially for the dyeing and processing phases. During his meeting with the company's board of directors and employees' representatives, Taufiq stressed the need to improve the costing and pricing system for products, develop an effective marketing plan, and open new export markets. He suggested increasing awareness among the workers about the objectives of the development plan, which reflects positively on the performance of the company and the employees. “We have to promote the textile and clothing industry to compete in the global market,” he said.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Import-duty-concession-extension-custom-textile-gujrat-sgcci-finance-ministry
Extension of concession in customs duty on import of textile machineryThe concessional customs duty for major textile machinery was to expire on March 31, 2023, after which a customs duty of 8.25 per cent was to be levied on these machinery. However, the Union Finance Ministry through a notification extended the validity of the concessional customs duty till March 2025.The move came after the Southern Gujarat Chamber of Commerce and Industry (SGCCI) and Federation of Gujarat Weavers Association, and other textile industry bodies, on March 13 requested Union Textiles Minister Piyush Goyal and Union Finance Ministry officials to increase the concessional customs duty Is.Welcomes extension of concessional customs duty on textile industry machinery. Welcoming the move, Himanshu Bodwala, President, SGCCI said, “We are very satisfied with this decision… This move is expected to attract huge investment in the textile industry and help the textile industry reach its export target of USD 250 billion by 2030. will gain help in.Describing the number of machines used by the weaving industry in Surat over the years, Ashish Gujrati, president of the Pandesara Weavers Cooperative Society Limited, said, “In 2002, there were 10,000 high-speed weaving machines in Surat. Today Surat has over 80,000 waterjet weaving machines, 30,000 rapiers with Jacquard machines and 10,000 airjet and projectile machines. The total number of high-speed machines in India is 2,50,000 machines. About 50 percent of the total high-speed machines in India are in Surat.In its representation to Goyal, SGCCI had stated that the Indian textile industry is fragmented and 97 per cent of the downstream industry is being produced by MSMEs which are decentralized across India. The knitting and weaving sector produces 97 per cent of the clothing in India in a decentralized manner. At present the domestic market for the textile industry is about US$ 100 billion and exports are US$ 44 billion.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Spot-rate-pakistan-market-cotton-trading-pakistan-firm-local-naseem-usman
cotton spot rate firm in pakistanThe local cotton market and trading volumes remained thin on Thursday. Cotton analyst Naseem Usman told that the price of cotton in Sindh is Rs 17,000 to Rs 19,000 per head.The rate of cotton in Punjab is Rs 18,000 to Rs 19,000 per head. The rate of footi in Sindh ranges from Rs 5,500 to Rs 8,300 per 40 kg. The rate of footi in Punjab ranges from Rs 6,000 to Rs 8,500 per 40 kg. Shujabad's 400 bales were sold at Rs 19,000 per head.The spot rate remained unchanged at Rs 18,700 per head. Polyester fiber was available at Rs 358 per kg.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Cotton-india-export-decreased-textile-compared-chapter52-last-year
Cotton export from India decreased by $ 2927 million as compared to last yearIn the report of Chapter 52, (HSN CODE), complete information about export of textile related products like raw cotton, yarn, cotton vest, denim etc. is available. SIS researched the details of exports in the last 5 months of this chapter and made a comparative report by comparing it with the same months of last year. According to this prepared report, there has been a decrease of $ 2927 million in Chapter 52 exports from India in this year 2022-23 as compared to last year 2021-22.In the 5 months of October, November, December, January and February, the maximum decrease has taken place in the exports of December. Exports have decreased by 64.57 percent this month. While the situation has been seen improving in February and this shortfall has come down to 39.11 percent. It is expected that the export situation will improve in the coming months. Presenting this special report related to exports-👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Cotton-government-subsidy-punjab-farmer-crop-seeds-agriculture-increased-market-announced
The state government gave subsidy and the central government increased the priceThe problems of the cotton farmers of Punjab are not taking the name of ending. In the entire season, sometimes due to crop failure and sometimes due to low price, the farmer is troubled. Now that the government of Punjab has announced a 33% subsidy on Bt cotton seeds to promote crop diversification, the central government has raised the price of Bollgard-II (BG-II) seeds by Rs 43 for a 450-gram packet is, and its price is being taken from Rs.810 to Rs.853.Two packets of BG-II seed are required for one acre of land. It is expected to offer 33% subsidy to farmers who have seed complaints up to 5 acres, as beneficiaries will have to buy only certified varieties and upload bills on a portal to receive the amount in their bank. The market of those who sell spurious seeds without bills will be snatched away.Spurious seeds and fertilizers were behind the frequent pest attacks on the cotton crop. “The subsidy will absorb the 5.3% increase in price in Punjab, but it will be difficult for the state agriculture department to increase the area under cotton,” claim farmers who have suffered two consecutive crop failures and They have very little purchasing power left. The state government has set a target of covering 3 lakh hectares under cotton, for which it is all set to provide canal water to cotton growers from April 1.In the last two years, Punjab cultivated cotton in 2.5 lakh hectares each and produced 29 lakh quintals last season, while this season the production is expected to be only 8 to 9 lakh quintals. In the year 2019-20, the production was around 50 lakh quintals. In 2015 the pest attack started reducing the acreage along with the yield. Earlier, many farmers obtained Bt cotton seeds from Gujarat or approached direct marketers from various companies who made tall claims that the seeds were resistant to whitefly and pink bollworm.A farmer from Bathinda said: “After two years of loss due to natural calamity or pest attack, we have decided to return to paddy cultivation. We cannot take more risks.” Director Agriculture Gurvinder Singh said, “Even though the Center has increased the price of BG-2 cotton, the subsidy from the Punjab government will nullify the effect. The subsidy is aimed at weeding out spurious seeds from the market. We hope to increase the area under cotton from 2.5 lakh hectares to 3 lakh hectares👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/China-standards-improve-chinacottonassociation-cotton-production-manufacturers-companies-industrial-
China unveils its cotton production standards to improve qualityWang Jianhong, vice chairman and secretary general of the China Cotton Association (CCA), said the CCA and other industry organizations have launched the Cotton China Sustainable Development Program (CCDS) to build China's own cotton certification system to drive the industry forward. Wang pointed out that cotton growers in the southern Xinjiang region have been "very active".CCDS has also launched an industrial standard for sustainable cotton production based on factors covering environmental protection, occupational health and social responsibility. The new program has employed two companies, one of which is SGS, a leading global testing and certification company, to carry out online and offline review and certification work on 1.2 million mu (80,000 ha) of cotton farms. Wang revealed that this accounts for about 2 percent of China's total cotton fields.A total of six Chinese cotton manufacturers were awarded the first prize for the CCDS to issue sustainable cotton production certificates during a clothing exhibition in Shanghai on Tuesday. The six companies include China National Cotton Group Xinjiang Cotton Limited Company, Xinjiang Lihua Group, Hubei Yinfeng.Wang said that before China established its own industrial standards, the BCI was the leading group for sustainable cotton standards in Xinjiang. After its exit, the CCA has taken initiatives to "fill the gap". "We think we should play a bigger role than BCI to push China's cotton industry towards high quality and sustainable development," Wang said.Wang also emphasized that the CCDS project aims to help domestic textile and clothing companies maintain their export market share in a challenging global market. "Many textile and clothing companies in China rely heavily on overseas markets for revenue. I think it would be a pity if they lose those markets."Wang also said that the CCA will further enhance communication with global cotton industry bodies, including the US, to promote cooperative mechanisms, including mutual recognition of cotton industry standards, so that cotton trade between China and overseas can continue. "Actually it suits the interests of the cotton industries in both China and the US, because China has a very complete fabric and clothing supply chain that cannot be easily replaced by other countries," he said.Complying with China's sustainable cotton production standards would not be too difficult for most domestic cotton growers who have considerable experience in meeting BCI standards. And few companies are willing to pay additional costs to meet such standards for the sake of brand reputation and long-term growth. "China's cotton production and consumption is ranked No. 1 globally, and the quality of Xinjiang cotton is no less than cotton grown.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Goverment-cotton-mills-chiefministerbvasavarajbommai-previous-agricutural-production-save
Previous governments did not have the understanding to save cotton mills on the basis of local agricultural production: Chief Minister Basavaraj BommaiKarnataka Chief Minister Basavaraj Bommai launched a mega textile park, which will come up on 1,000 acres of land near Kalaburagi under the PM-Mitra scheme and generate one lakh direct jobs and two lakh indirect jobs. Recalling the olden days, he said that “Davanagere was known as the Manchester of Karnataka. There were other cities like Kalaburagi, Raichur, Hubli and Belagavi where cotton mills were processing raw cotton produced by farmers in the state and making cloth. Now all the cotton mills are closed due to wrong policies. The then governments did not have the spirit to protect the industry based on local agricultural production.He was addressing a public meeting at PDA Engineering College Auditorium in Kalaburagi on Tuesday after inaugurating the Central Government's Mega Textile Park allotted to Kalaburagi in Karnataka under the PM-MITRA (Prime Minister's Mega Integrated Textile Region and Apparel) scheme. The textile park is one of the seven such parks given by the central government to seven states. Pointing to the widespread migration from the Kalyana Karnataka region to big cities like Hyderabad and Mumbai in search of livelihood options, Mr. Bommai said the 1,000-acre mega textile park near Kalaburagi is expected to address the issue.“People from this region travel hundreds of kilometers to find work in Hyderabad, Mumbai and other cities to take care of their families. The Mega Textile Park being set up at Kalaburagi will effectively address this issue of migration by generating approximately one lakh direct employment and two lakh indirect employment. Highlighting the importance of Mega Textile Park in employment generation, he said that textile industry is the third major industry in the country after energy and coal industries in terms of employment generation.“We could have thought of giving Kalburgi some other industry. But, we chose to give this Textile Park as it is one of the major industries along with energy and coal which generate large scale employment. With the commencement of this textile park, there will be a rapid change in the lives of the people. Expressing optimism for the development prospects of Kalaburagi, the Chief Minister said the city would become an investment hub not just for Karnataka but for the whole of India because of its strategic location and connectivity."In 10 years from now, Kalaburagi will become a major investment hub in South India due to its strategic location and its road, rail and air connectivity. It will be the city of the future not only for Karnataka but for India. Central Textile and Commerce and Industry Minister Piyush Goyal, who was supposed to attend the meeting, could not attend as he was busy with other work in New Delhi. However, he sent a video message wishing success to the Textile Park and the message was played in the meeting.Memorandum of Understanding (MoU) was signed with nine private companies in cotton processing and textile business with an expected investment of ₹2,000 crore, including ₹500 crore each from Himatsingka and Shade Exports. Union Minister of State for Railways and Textiles Darshana V. Jardosh, Union Minister of State for Chemicals and Fertilizers, New and Renewable Energy Bhagwant Khuba, Minister for Large and Medium Enterprises Murugesh Nirani, Minister for Handlooms and Textiles Shankar Patil Munankoppa and Lok Sabha member Umesh Jadhav from Kalaburagi were present on the occasion. Among the dignitaries present were.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Cotton-agriculture-department-seeds-sale-spurious-punjba-farmers
| title | Created At | Action |
|---|---|---|
| BCI signs MoU with Tajikistan to support sustainable cotton production | 04-04-2023 13:48:26 | view |
| Cotton sowing started in Muktsar, fearing loss, most of the farmers turn towards paddy | 04-04-2023 13:09:49 | view |
| Pakistan cotton spot rate hiked by Rs 300 per head | 04-04-2023 11:42:48 | view |
| Rupee weakens by 17 paise against dollar | 03-04-2023 16:32:23 | view |
| Demand of Pakistan textile industry, zero rated energy should be restored | 03-04-2023 13:09:29 | view |
| Pakistans Weekly Cotton Review | 03-04-2023 12:48:21 | view |
| India and Malaysia announce trade in Indian Rupee | 01-04-2023 15:56:35 | view |
| USDA Potential Planting: 11.3 million cotton acres in 2023 | 01-04-2023 11:57:16 | view |
| Minister in favor of setting up Cotton Corporation of Tamil Nadu under PPP mod | 31-03-2023 18:29:25 | view |
| Cotton sowing will be reduced by 15 percent: CAI President | 31-03-2023 16:48:29 | view |
| Rupee strengthened by 17 paise againsts dollar | 31-03-2023 16:23:09 | view |
| Anti-dumping duty on viscose from Indonesia almost unlikely | 31-03-2023 15:09:42 | view |
| New foreign trade policy will be announced today | 31-03-2023 14:42:22 | view |
| Egypt to set up new textile factory to boost spinning and weaving sector | 31-03-2023 12:53:11 | view |
| Extension of concession in customs duty on import of textile machinery | 31-03-2023 12:16:16 | view |
| cotton spot rate firm in pakistan | 31-03-2023 11:34:10 | view |
| Cotton export from India decreased by $ 2927 million as compared to last year. | 30-03-2023 17:35:23 | view |
| The state government gave subsidy and the central government increased the price | 30-03-2023 12:35:02 | view |
| China unveils its cotton production standards to improve quality | 29-03-2023 18:15:32 | view |
| Previous governments did not have the understanding to save cotton mills on the basis of local agricultural production: Chief Minister Basavaraj Bommai | 29-03-2023 17:02:07 | view |
