Home / Knowledge / News / Textiles / Conference in Coimbatore to discuss cotton scenario
Conference in Coimbatore to discuss cotton scenario
17
Aug '16
The Indian Cotton Federation (ICF), formerly The South Indian Cotton Association, is organising a two-day All India Conference on Cotton in Coimbatore beginning August 19, with 'Indian Cotton Scenario in 2016-17' being the main theme.

The conference is likely to be attended by around 400 persons, including cotton ginners, traders, and textile industry representatives. Participants will discuss cotton area, demand, supply and price situations, and sustainable management practices, P Nataraj, chairman of the conference and ICF vice president told reporters.

The cotton price fluctuation during April to June adversely affected the entire textile value chain; this and some other issues like financial constraints for purchase of cotton would be discussed at the conference, Nataraj said.

Unavailability of exact data on consumption and supply of cotton, particularly in the initial period of the cotton season was a major reason for price fluctuation, said ICF president J Thulasidharan.

He said there was a need for funds to the tune of Rs 50,000 crore, annually, for ginners and spinners to buy and stock cotton at the beginning of the season, which was done by multinational companies, leading to speculation. Situation would be easy for the stakeholders if the banks came forward to provide funds at a reasonable interest rate of 7 per cent, he added.

Nataraj suggested that the Union government should come out with an export policy for cotton. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Fancycrave.com from Pexels

Apparel/Garments | On 22nd Jun 2018

EU's retaliatory duty on US apparel takes effect

As part of the three-pronged response outlined by the European...

India to be largest cotton producer in 2018-19: USDA

Textiles | On 22nd Jun 2018

India to be largest cotton producer in 2018-19: USDA

For the fourth consecutive season, India is expected to be the...

Organic Basics gets Polygiene help for advanced underwear

Apparel/Garments | On 22nd Jun 2018

Organic Basics gets Polygiene help for advanced underwear

Danish firm Organic Basics is working with Swedish company Polygiene, ...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search