Ludhiana’s knitwear industry is on the decline owing to the lack of government support, according to manufacturers based in that city. The city has over 10,000 textile manufacturing units, both small and medium units put together, employing over 10 lakh people.
Unexpected rains in Punjab and Haryana have damaged a significant portion of the cotton crop, flattening the hopes of farmers in the two states, according to cotton growers from those states. However their respective agricultural departments term the losses as negligible.
No Nasties is a T-shirt brand that is 100 percent organic, and which endorses fair trade. Launched in April 2011, No Nasties is famous for its T-shirts with designer prints and also for its custom-made ones.
Pakistan’s export of its first consignment of cotton fabric to India will boost textile trade and bring smiles to housewives of Punjab, local traders and residents say.
The delay in the harvesting and subsequent sowing of cotton seed in and around Bathinda, one of the biggest cotton processing centres of North India, could hurt the local spinning industry and further increase the price of yarn and garments. Cotton processors are blaming the government for adding to the existing problems by not declaring Minimum Support Price (MSP) for cotton.
Anand Sharma, Union Minister of Commerce, Industry and Textiles stated that a total of 1.13 lakh textile workers had been benefited by the Textile Workers Rehabilitation Fund Scheme (TWRFS) till March 31, 2012.
The Federation of Indian Export Organisations (FIEO) has commended the Central Government’s decision to abolish the ban on cotton exports, allowing free export henceforth, reports SME Times.
Succumbing to political pressure, the central government has revoked the ban on cotton exports on April 30, and said that fresh exports will be allowed without any quantitative restrictions. The decision to allow fresh cotton exports was taken by an informal group of ministers headed by Finance Minister Pranab Mukherjee.
The Union Ministry of Textiles has directed the Cotton Corporation of India (CCI) to procure one million bales of cotton from the state of Gujarat, reports Business Standard. A rate of INR900 per 20kg of cotton has been fixed.
The Government of India has decided to reinforce the ban on cotton exports that was levied in March 2012, and partially lifted later. Reuters reports that this decision was taken at a recent Group of Ministers (GoM) meeting, which was headed by Finance Minister Pranab Mukherjee.