Page 7 - பருத்தி ஜவுளி ஏற்றுமதி ப்ரமோஶந் சபை News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Saying no to child labour, Indian Textile Industry takes proactive steps
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Saying no to child labour
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Meeting discusses measures to eradicate child labour in textile industry
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Textile stocks bounce back on global recovery
February 08, 2021
Covid pandemic triggers demand for towels, bedsheets, pillow covers
Stocks of textile companies focused largely on exports has seen a steady rise in the last few days with the revival in global demand.
Demand from all customers
Home textiles used for furnishing residence, towels, bedsheets, pillow covers and table linens are being bought more often in the US as the fear of Covid pandemic subside with the launch of vaccine.
Moreover, consumers, who are working from home, get more time to spend on the aesthetics of their house and spending more on home textiles.
Garment exporters fear losing premium market
February 07, 2021
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Duty on cotton hiked from nil to 10% and on raw silk, silk yarn from 10% to 15% The Budget’s announcement on increasing customs duty on cotton may cast a shadow on India’s advantage in premium/ high-end garment exports to the world, according to cotton stakeholders.
This, according to the trade sources, is primarily due to the additional cost for imported cotton mainly the extra-long-staple (ELS) used in making high-value-added textiles and garments, which are exported globally under premium labels. ELS quality of Giza Cotton is imported from Egypt, while Pima Cotton is sourced from the US. The cotton stakeholders also expressed concerns about losing international market, especially US and Europe, to neighbouring competitors Bangladesh and Pakistan as well as Vietnam.