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26 July 2010 |
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Cotton farmers opt for double-gene Bt technology |
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(Source: The Hindu Business Line, Harish Damodaran, New Delhi) |
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This year, out of the total projected cotton area of 260-265 lakh acres, about 225 lakh acres would be sown under Bt hybrids/varieties. Considering that the latter figure stood at a mere 72,000 acres in 2002, it represents perhaps the most rapid rate of diffusion for any technology after the mobile phone.....Read more
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25 July 2010 |
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Sluggish demand for finished fabrics worries textile traders |
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(Source: The Times of India, Melvyn Thomas, Surat) |
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While the textile traders are upbeat about fast approaching festive season, there are apprehensions about the sluggish demand of finished fabrics like dress material from wholesalers and fabric dealers in the key markets across the country.....Read more
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23 July 2010 |
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Sewn up, EU trade pact will benefit apparel units |
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(Source: The Hindu Business Line, Shubhra Tandon, Mumbai) |
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Whether or not the proposed Indo-European Union Free Trade Agreement brings down the price on Marks & Spencer or Gucci products in India – the domestic apparel industry is looking forward to the proposed agreement going through. The FTA between the two regions is expected to create an additional 2.5 million jobs and increase exports to Europe by $3 billion, say industry stakeholders.....Read more
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23 July 2010 |
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Wal-Mart to open more stores in India if rules eased |
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(Source: The Financial Express/Reuters, New Delhi) |
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“If the laws of the country change to opening of FDI in retailing, we could open hundreds of stores,” Bharti Wal-Mart MD and CEO Raj Jain said on Thursday.....Read more
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22 July 2010 |
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Indian Textiles Industry Flirts With Technical Fabrics |
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(Source: India Journal, New Delhi) |
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From denim diapers and rugged fire-proof jeans to flowing eco-friendly and anti-bacterial material in bright hues, the Indian textile industry is experimenting with technical fabrics in a big way.....Read more
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21 July 2010 |
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Caution is the word on cotton crop prospects |
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(Source: The Hindu Business Line, L.N. Revathy, Coimbatore) |
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While the sowing report released by the Agriculture Ministry has shown good progress in the cotton coverage during the current kharif season, the South India Cotton Association (SICA) prefers to maintain a conservative estimate of the crop at least for another fortnight.....Read more
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20 July 2010 |
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Exports in June rise 30% to $17.75 billion |
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(Source: Business Standard, New Delhi) |
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Merchandise exports rose 30.4 per cent year-on-year to $17.75 billion in June, while imports grew by 23 per cent to $28.3 billion, resulting in a trade deficit of $10.55 billion.....Read more
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19 July 2010 |
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Vardhman Textile Q1 PAT up 97%, eys IPO for steel arm |
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(Source: Commodity Online, Mumbai) |
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Punjab-based textile producer, Vardhman Textiles Ltd (BOM:502986) gained momentum on the bourses today as the company's first quarter profits zoomed up by over 97% for the period April-June 2010.....Read more
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19 July 2010 |
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Textile traders to represent before Plan panel |
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(Source: The Times of India, Surat) |
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While the revised Technology Upgradation Fund Scheme (TUFS) is likely to be announced by the first week of August, textile entrepreneurs and Federation of Indian Art Silk Weaving Industry (FIASWI) have decided to put forth their demands and suggestions before the Planning Commission.....Read more
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14 July 2010 |
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Cotton rules steady |
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(Source: The Hindu Business Line, Rajkot) |
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Cotton prices have continued to rule steady in almost all the markets in the last one week. According to traders, lack of big purchases is keeping the market at current levels. According to a Rajkot-based broker, currently, export demand, as well as domestic mill demand is normal. Therefore, cotton prices are ruling steady. ....Read more
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