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Issue dated - 7th Nov. 2002

Cover Story Quote of the Week

Cotton prices in northern states firm up as mills go on buying spree
Cotton prices in northern states have firmed up considerably in the last one month as all major mills in the region have begun bulk buying after an extended lull period of more than two months.

Gherzi Eastern offers training programme to TxC officers
Gherzi Eastern has completed its second session of the training programme towards equipping officers of the Textile Commissioner’s (TxC) Office to provide comprehensive services and consultancy to the decentralised sectors.

Super Spinning plans JV with Korean major
Super Spinning Mills, one of the fast growing yarn manufacturing company from Coimbatore is planning a joint venture with a Korean textile major in areas such as yarn processing and garmenting.

To improve savings, the garment industry has to go in for complete automation of critical areas like spreading and cutting room processes.

- Bob Vallender, regional director, Gerber Technology, addressing a seminar on ` Innovation for garment productivity ‘ at Chennai recently.


News at a Glance

<Last Word>
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‘Vibrancy lies in fibres like polyester, the growth area for the future’
The textile industry is currently passing through a transition phase, even as there exists inter as well as intra industry challenges.

<News & Views>
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Indian weavers trying hard to make both ends meet
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Power tariff hike would lead to closure of small spinning units

<Foreign Trade>
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Dubai ideal centre for investments by Indian industry: Soota
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EU confident on expansion as candidates mull finance package
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Domestic demand, regional trade more important for Asia: Bank
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China will seek to advance free trade at ASEAN summit

<Corporate Update>
Quarterly Results
- Indian Rayon net doubles to Rs 37.73 crore
- Clariant Q2 net higher at Rs 5.72 crore
- Colour-Chem Q2 net up at Rs 3.76 crore
- Indo Rama Synthetics announces higher net profit
- Raymond Q2 net dips 15.72%
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Himatsingka Seide H1 net profit down 7.4%
- Century Textiles back in black, Q2 net at Rs 9.98 crore
- BASF Q2 net down 5.6% at Rs 8.49 crore

<Tex Trade Monitor>
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Leading textile firms adopt US Cotton Seal trademark
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PHDCCI asks MP govt to set up model textile city near Indore

<Yarns & Fibres>
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Kerala hopes to leverage bivoltine advantage to boost silk market pie
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Aust’s cotton crop could become completely GM

<Edit>
-Indian industry will face tough challenge in global market
EDIT ARTICLE
- ‘Back-to-back anti-dumping investigations should be curtailed’
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MSCCMC has not purchased cotton in Jalgaon division
Tex Talk
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Credit policy: A little impact on exports

<Trends/Events>
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‘Wool 2003’ showcases trendy collection of woollens
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BULLETIN BOARD

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This Week
EDIT
Quality demand for future
A recent study conducted recently by LEK Consulting GmbH on the global market for testing and monitoring equipment has observed that there will be significant increase in demand for textile testing and monitoring (T&M) equipment in most of the developing countries in the post-MFA regime following phasing out of quota as also growing competition in export markets.


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