Home / Knowledge / News / Apparel/Garments / AEPC seeks policy to reserve 25 lakh bales of cotton
AEPC seeks policy to reserve 25 lakh bales of cotton
24
Feb '12
The surplus in cotton exports from India to China is creating a negative impact in the industry. A total cotton export in the current year has been more than 85% which has been shipped to China. The reason for China importing a huge quantity of cotton from India is to increase their cotton reserve to offset the price fluctuation in future and also to maintain a regular cotton supply to the textile mills.

Considering the above, Dr. A Sakthivel, Chairman, Apparel Export Promotion Council said, “The Government has already permitted for export of 85 lakh bales of cotton this year and we capture that the textile industry would be deprived of getting good quality cotton and also face the scarcity in case, the export figure is revised further upwards.”

Unlike China, the textile industry is facing exceptional hike of cotton prices and scarcity of cotton as India does not have the policy of keeping cotton reserve.

“We propose to the Government as a measure to protect the textile industry, to come out with the clear cut policy of reserving 25 lakh bales of cotton per year and this quantity of bale can be purchased and kept in reserve by Cotton Corporation of India (CCI)."

"We are in process of requesting Exim bank to fund this initiative and AEPC also suggests the Government to implement this initiative by supporting the required amount to CCI. This initiative by the Government will provide more employment in the textile industry after agriculture.” Added Dr. A Sakthivel, Chairman, Apparel Export Promotion Council.

Post the requisition being granted, the cotton export figures in the future will arrive only when the Cotton Advisory Board (CAB) includes cotton reserves as one of their items while preparing the cotton balance sheet.

Incorporated in 1978, Apparel Export Promotion Council (AEPC) is the official body of garment exporters that provides invaluable assistance to Indian exporters as well as importers/international buyers who choose India as their preferred sourcing destination for garments.

Apparel Export Promotion Council


Must ReadView All

Textiles | On 20th Sep 2017

India needs to double cotton farmers’ income: top official

India needs to double the income of cotton farmers and non-farmers...

Textiles | On 20th Sep 2017

Pakistan seeks more JVs with China: textile minister

The Pakistani Government wants to forge more joint ventures (JVs)...

Apparel/Garments | On 20th Sep 2017

Egypt’s garment exports touch $941 million in 8 months

Egypt's garment exports touched $941 million in the first eight...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search