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 High
duty on machinery keeps India out of $8 bn medical textile market
Despite the fact that the Asian region commands the highest market
share for medical textiles (33.41 per cent!), India does not have
a single plant for manufacturing spunbonded fabrics which are used
in these textiles.
Acrylic
fibre manufacturers shut production to restore market stability
Acrylic fibre manufacturers in the country have resorted to closure
of production in an attempt to curb the growing inventory size as
also to bring about a desired demand-supply equilibrium in the market.
Cotton
blends displace other fibres in domestic consumption: Study
Cotton is losing its hold as the preferred fibre in the country,
even as cotton blends are displacing other fibres. A recent study
conducted by the Textiles Committee, reveals that the share of cotton
in household purchases has taken a severe beating in the last decade,
while consumption of cotton blend textiles have picked up significantly.
TxC
to design administrative mechanism Pending BG/EMD cases to be resolved
soon
The Textile Commissioner’s office would soon put in place an
administrative mechanism to dispose of the cases pending with regard
to BG/EMD forfeiture relating to RMG exporters.
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