In the year 2015-2016, the prices of cotton have risen unexpectedly and this has caught the Cotton Spinning Industry, completely off guard. So much so, that the cotton stocks with the manufacturers and suppliers were fairly low, which in turn, will lead to the overall decline in domestic output by double digits. As of now, the industry is expecting a heavy crush of profit margins, due to the increasing imbalance between the supply and demand. To make things worse, the new arrival of the crop will also be delayed this year due to the late sowing of cotton.
Monday, 15 August 2016
Monday, 13 June 2016
In the recent past, the import duties with respect to textile fabrics and ready-made garments in Iran have been reduced drastically, as a measure to curb illicit imports. This has also helped the Iranian Government to clear its way towards becoming a part of the World Trade Organisation. On the other hand, India is on the lookout to tap Iran’s markets which seems to have a great potential for apparel & Home textile products.