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Traders in Tiruppur down shutters against hike in property tax, power tariff and GST on rents 1) Traders in Tiruppur, Avinashi and Palladam taluks downed shutters on Wednesday in protest against the steep hike in property tax, electricity tariff and GST on shop rents. 2) K.C.M. Duraisamy of Tiruppur Traders Association said the hike in property tax by Tiruppur Corporation, GST on shop rents and power tariff hike have put traders to untold hardship.

Gujarat textile industry calls for full use of renewable energy to compete globally 1) The Southern Gujarat Chamber of Commerce and Industry (SGCCI) has urged the State Finance and Energy Minister, Kanu Desai, to allow industrialists to use their total electricity consumption from their own renewable energy projects under the Green Energy Open Access Rules. 2) The Chamber argues that reducing electricity costs is crucial for textile manufacturers in Gujarat to remain competitive in the global market, particularly when exporting to countries with strict sustainability regulations.

India's cotton imports up three-fold till Nov-end at 9 lakh bales 1) India's cotton imports witnessed a three-fold jump in the first two months of the 2024-25 season, which started in October. 2) Imports of the fibre crop till November-end stood at 9 lakh bales (170 kg each), as per the Cotton Association of India's latest data. In the same period last year, cotton imports stood at 3 lakh tonnes.

J&K wool producers can drive growth in textile sector, says WWEPC chairman 1) Dr. Romesh Khajuria, Chairman of the Wool & Woollens Export Promotion Council (WWEPC), Ministry of Textiles, has emphasised that J&K's wool producers can significantly contribute to enhancing India's textile sector by producing high-quality wool. 2) He made these remarks during a meeting with representatives of wool producer FPOs from Kashmir at Kissan Ghar.

Other headlines: Cotton heading lower to start Wednesday Rupee falls 3 paise to close at all-time low of 84.94 against US dollar Crude oil price outlook – Crude oil continues to see supporters Pakistan: Lack of buying interest seen on cotton market Pakistan: Cotton production lags, threatening textile sector Indonesian textile giant avoids bankruptcy after debt vote To read complete news articles and check yarn rates of spinning mills, download the YarnLIVE Mobile App for free on your Android mobile or iPhone. If you have any questions, call YarnLIVE on 9036722351.

Apparel buyers revive alternatives in India amid Bangladesh struggles 1) India's textile/apparel export hub of Tirupur, near Chennai, in Tamil Nadu state, is bouncing back from the days of frequent production cuts and disruption caused by a dearth of orders. 2) According to industry sources in Tirupur, a manufacturing belt also known as the ‘knitwear capital of India', most ‘closed' textile units in the region have reopened, with new orders arriving from global buyers increasingly searching for alternatives to Bangladesh suppliers struggling to keep their supply chains running.

Garment exports rise 11.4% in Apr-Nov despite global uncertainties: AEPC 1) India's readymade garment exports rose 11.4% to USD 9.85 billion during April-November this fiscal despite global uncertainties, signalling robust global demand for Made-in-India products, AEPC said on Tuesday. 2) The Apparel Exports Promotion Council (AEPC) said that with the changing geopolitical equations, a lot more business will shift to India in the near future.

Compared to 2021-22, India's cotton textile exports decline by 29% 1) India exported $12258 million worth of cotton textiles in 2023-24, a decline of almost 29% when compared to the export figures of 2021-22, States data tabled in the Rajya Sabha during the ongoing winter session. 2) Compared to the $17166 million worth of exports clocked in 2021-22, the quantum of cotton fabrics and madeups exported from India during 2023-24 fell by 19%, while cotton yarn saw a decline of 31% the same year, states data provided by Minister of State Pabitra Margherita as part of a written reply provided to a question asked by MP Parimal Nathwani.

Giriraj Singh rolls out red carpet for Japan's Uniqlo to invest in PM Mitra Parks 1) Textiles Minister Giriraj Singh has invited Japanese brand Uniqlo to invest in PM's Mega Integrated Textile Region and Apparel (PM MITRA) Parks as India targets a textiles market size of 350 billion to 100 billion dollars in exports by 2030, according to an official statement issued on Tuesday. 2) The minister held a meeting here with senior officials from Uniqlo, reaffirming the shared commitment to strengthening India's textile sector. This engagement follows Uniqlo's earlier interaction with the Prime Minister, highlighting their keen interest in collaborating with India's textile industry to enhance cotton production capabilities, productivity, and quality.

The Textile Association (India) and AATCC sign MoU 1) The American Association of Textile Chemists & Colourists, or AATCC, recently inked a Memorandum of Understanding (MoU) with The Textile Association (India) (TAI) as part of the Association's global expansion. 2) The MoU aims to increase communication between the two organisations, prevent duplication of work when feasible, raise awareness of AATCC standards in India, engage in educational activities along the fibre-to-fashion chain, and use the resources of AATCC and The Textile Association (India) to support each other's efforts to benefit individuals and businesses in the Indian textile industry.