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  Page : 12 of 92
  Pakistan : PRGMEA lauds MINTEX’s step to release exporters’ dues (January 14, 11)
The Zonal Chairman of Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA), Mohammad Jawed Chinoy has appreciated the Textile Ministry’s initiative by asking State Bank for the early disbursement of Rs 4.825 billion subsidies to the textile sector.
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  Egypt : 500 thousand acres allotted for seed cotton cultivation (January 14, 11)
Minister of Agriculture and Land Reclamation of Egypt, Said Amin Abaza, revealed that he had issued directives for Agricultural Research Centre (ARC) to allot 500 thousand acres of land under seed cotton cultivation this year following the yarn crisis and the hike in cotton prices which had touched 1800 pounds and had compelled several spinning and weaving units to stop their operations.
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  India : Spinning mills capacity expansion plans on back-burner, NITMA (January 14, 11)
The Northern India Textile Mills Association (NITMA) President, Shri Ashish Bagrodia issued a press statement stated that the Indian Spinning industry has invested more than Rs, 1, 00,000 crores in modernization and expansion in the last 10 years and is today amongst the most modern and efficient within the entire textile value chain and contributes almost 4 bln USD to the foreign exchange earnings of the country.
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  Tanzania : Tanzania Cotton Board strives to raise cotton output (January 13, 11)
The decision taken by the cotton stakeholder in Tanzania in association with the Tanzanian Cotton Board to perk up the cotton cultivation in the country is worth applauding. Cotton production in the country is by and large characterized by low output and inferior quality. Moreover, lack of up gradation and resourceful supportive infrastructure too are responsible for the drop in production.
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  Pakistan : Cotton growers benefit from open trade policy (January 13, 11)
Pakistani cotton growers have benefitted from the open trade policy of the government that enabled them to obtain import parity price from the industry by earning additional Rs150 billion, as compared to the last year, while Indian farmers suffered due to restrictions on cotton export, analysts said on Wednesday.
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  Pakistan : High cotton prices to slash consumption (January 13, 11)
Lint consumption is expected to grow by just 1.25 percent as against the normal growth of 5.0 to 6.0 percent during 2011-12 as high cotton prices will likely have an impact on major spinning sectors of the world, cotton analysts said Tuesday.
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