: PDEXCIL to set up committee on blended fabrics amidst quality complains #FinanceIndia #StockMarketNEWS PDEXCIL to set up committee on blended fabrics amidst quality complains Ahmedabad, Oct 7 (KNN)
@StockMarketNEWS Mon 10 Oct, 2022
PDEXCIL to set up committee on blended fabrics amidst quality complains #FinanceIndia #StockMarketNEWS
PDEXCIL to set up committee on blended fabrics amidst quality complains Ahmedabad, Oct 7 (KNN) The Powerloom Development and Export Promotion Council(PDEXCIL) has decided to set up a committee to ensure quality of cloth is maintained during the mixing of polyester and viscose with cotton due to high cotton prices.
The co-ordination committee will have members from the spinning, weaving and textile processing sectors.
Bharat Chhajer, former chairman of PDEXCIL said, “We have learned of a large number of cases where there are major problems in the dyeing of polycot and viscose yarn. Some export containers had also been delayed following such issues, where the cotton part of the fabric got proper finishing but the polyester part had problems. In some cases, the buyer is unaware of the blending so an issue arises, it creates a dispute between buyer and seller and the blame was coming on the weavers.”
“Such cases were reported in the major markets of the country such as Gujarat, Tamil Nadu and Maharashtra and PDEXCIL has thus decided to set up a co-ordination committee which will have members from spinning, weaving, grey fabric traders and textile processing houses,” he added.
Due to the tremendous rise in cotton prices this year, the entire textile value chain has been under undue stress. Spinning mills suffered losses of around Rs 30-40 per kg of cotton yarn and because of this they started blending polyester and viscose with cotton. According to Chhajer, there was about 25 per cent blending, to reduce the yarn cost (KNN Bureau)
Stock Market News & Best Intraday tips & Stocks near support
More posts by @StockMarketNEWS
: Today's stock market news latest NSE News friday 07 October 2022 Munafa Sutra News Today #stockMarketNews
@StockMarketNEWS Fri 07 Oct, 2022
: Today's stock market news latest NSE News tuesday 04 October 2022 Munafa Sutra News Today #stockMarketNews
@StockMarketNEWS Tue 04 Oct, 2022
0 Comments
Sorted by latest first Latest Oldest Best
Stock Exchange charts NSE Stock Exchange BSE Stock Exchange USA Stock Exchange Stock Charts NSE FNO Stock Analysis
NSE Stock Exchange NSE stock market news stock intraday tips
MNC.News NASDAQ NSE BSE Money SIP
Munafa NEWSTerms of Use Create Support ticket Your support tickets Powered by ePowerPress Stock Market News! Top Seo SMO © munafanews.com2024 All Rights reserved.