Yarn makers, though, complain of sharp drop in demand and growing stockpiles
High cotton prices, the Russia-Ukraine war and poor demand from the apparel industry have hit the spinning mills hard
The National Commission observed that the requirement of first-class construction was mentioned in the cover note and the policy, so stock kept elsewhere wouldn't be covered
Pipeline stocks will last for just about three-four months, companies say
High cotton rates have denied them export opportunity created by drop in Chinese shipments
HINDUPUR, India (Reuters) - India is hoping its labour-intensive textiles and apparel (T&A) companies will help it address a jobs crisis, and has promised to pump about $2 billion into the industry over the next few years to generate more than 1 million jobs.
From January to November, yarn prices reportedly increased from Rs 220 per kg to around Rs 350
Pakistan's struggling textile industry has voiced its disappointment after the Imran Khan government rejected a proposal to import cotton from India
Improved yarn prices because of a sharp rebound in demand in the second half of the current fiscal will help
They allege that the latter stopped supplies without reason, say that this could hugely impact export biz
Indian exporters aren't pursuing the Chinese market either, as travel to that country to address quality or quantity issues post shipment will be difficult
The Finance Ministry will take the final decision on imposing the duty
Prices up by 8% in June and another hike is in the offing
Weak demand, sharp increase in production costs hit margins, rising rupee impacts exporters