The document discusses cotton production in India, providing statistics on India's global ranking in cotton production and exports. It outlines the history and development of the cotton textile industry in Bombay (now Mumbai). Additionally, it notes factors that influence cotton prices and the launch of cotton futures trading on the MCX exchange in India.
Cotton is a soft, fluffy staple fiber that grows in a boll, or protective case, around the seeds of the cotton plants of the genus Gossypium in the mallow family Malvaceae. The fiber is almost pure cellulose. Under natural conditions, the cotton bolls will increase the dispersal of the seeds.
Cotton fiber-textiles touch every aspect of our lives. For years, cotton clothing, home furnishings and industrial goods have enhanced our quality of life by providing comfort, expression and individuality. Cotton fiber possesses a variety of distinct properties, and we know there are plenty of people who want to dig a little deeper.
Flax fibers are among the oldest fiber crops in the world and the use of flax for the production of linen goes back 5000 years
.Flax fiber is soft, lustrous and flexible.
It is stronger than cotton fiber but less elastic.
The best grades are used for linen fabrics such as damasks, lace and sheeting.
Coarser grades are used for the manufacturing of twine and rope.
Cotton is essentially grown for its fiber, which is used the world-over in textile manufacturing and accounts for around 35 per cent of the total textile fiber used in the world.
Its strength, absorbency, and capacity to be washed and dyed, make cotton an adaptable raw material for producing a variety of textile products, such as clothes, space suits, household items and industrial products.
Cotton is a soft, fluffy staple fiber that grows in a boll, or protective case, around the seeds of the cotton plants of the genus Gossypium in the mallow family Malvaceae. The fiber is almost pure cellulose. Under natural conditions, the cotton bolls will increase the dispersal of the seeds.
Cotton fiber-textiles touch every aspect of our lives. For years, cotton clothing, home furnishings and industrial goods have enhanced our quality of life by providing comfort, expression and individuality. Cotton fiber possesses a variety of distinct properties, and we know there are plenty of people who want to dig a little deeper.
Flax fibers are among the oldest fiber crops in the world and the use of flax for the production of linen goes back 5000 years
.Flax fiber is soft, lustrous and flexible.
It is stronger than cotton fiber but less elastic.
The best grades are used for linen fabrics such as damasks, lace and sheeting.
Coarser grades are used for the manufacturing of twine and rope.
Cotton is essentially grown for its fiber, which is used the world-over in textile manufacturing and accounts for around 35 per cent of the total textile fiber used in the world.
Its strength, absorbency, and capacity to be washed and dyed, make cotton an adaptable raw material for producing a variety of textile products, such as clothes, space suits, household items and industrial products.
Submitted by - Somesh Makhani, Satya Pakash & Vaibhav Singh Student of Vikas Sharma - Visiting Lectuer on Retail Verticals at Accman Institute of Management
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June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
2. GENERAL CHARACTERISTICS
BOMBAY COTTON TEXTILE MILL
BT COTTON ( )
MAJOR PRODUCERS
USES
INDIAN SCENERIO
FACTORS THAT DRIVE COTTON PRICE
MCX LAUNCHES FUTURE TRADING
GLOBAL SCENERIO
DEMAND AND SUPPLY
3. Major Cash Crop of India
Primarily used as a raw material (55-60% of
requirements).
Most traded commodities in the World.
India invariably ranks 2nd/ 3rd in terms of production,
The 2nd largest exporter in the world.
1870 The New York Cotton Exchange (NYCE®) trades
first cotton futures contracts
4. Grown for its fibre
35% of the world's total textile fibre
Strength, absorbency, and capacity
Classified according to the staple, grade and
character
5. 1ST cotton traded between Bombay and China began in 17th century
Formation of the Rail Link in 1853 between Thana and Mumbai
Establishment of Warehouses in Sewri.
Establishment of the first cotton mill -“Bombay Spinning And
Weaving company” at Tardeo in central Bombay
Textile industry in Bombay flourished till the early 80's
Girangaon Textile
6. India ranks no 1 in the world accounting for 20
% of the total area planted under BT cotton.
Ranks 3rd position with 13 % in production of
BT cotton.
Average yield is only 319 kg/ha as compared
to world average of 603 kg/ha.
Loss due to damage to cotton crop is
estimated to be more than Rs.1200 crores/y.
7.
8. Textile products from Cotton
Terrycloth
Towels
Denim
Fish net
Cotton oil
T-shirts
Coffee filter
Tent
11. Launched on 4th oct 2011
Trading volume of 9,600 bales valued at Rs 17.73
crore
Open interest was 1,575 bales on the very first day
The trading unit is 25 bales.
Tick size of the contract will be Rs 10 a bale.
Delivery centers through out the states of India
12.
13.
14.
15.
16. Prices have spiked significantly over the last 2
years
Slight expected decline in worldwide
production from 26.2 to 25.9 million tons
Global consumption would leave the world
cotton stocks down by 6% to 11.3 million tons
China have steadily increased and is expected
to drive a 5% increase in global imports