Home / Knowledge / News / Textiles / Textile industry representatives raise concern over cotton & yarn prices
Textile industry representatives raise concern over cotton & yarn prices
Sep '11
Representatives of the textile industry conversed over the issues, trends and competitiveness of the industry at international level and regarding the modes to persist with the ongoing positive trend, during a two-day CEO Conference held in Coimbatore.

Sharing his views at the seminar organised by the Southern India Mills' Association (SIMA), BK Patodia, Chairman and Managing Director of GTN Group stated that the textile mills usually do not keep yarn stocks in excess of 15 to 20 days of their requirement.

But, during the last fiscal as a ban was imposed on yarn exports, the mills were held back from exporting their produce for a period of around two months due to which stocks with them mounted.

Now, though the ban has been rolled back and the mills are free to export yarn, they are not being able to reap higher returns for the same.

This is mainly because around 90 percent of the total cotton cultivation acreage in the country was under Bt cotton, which has resulted in a rise in yields.

Total cotton output for the current fiscal is projected to come to 35.5 million bales and it is likely to touch 40 million bales within the next two years.

Mr. Patodia said that in order to keep prices stable, the local mills should consider making timely and regular purchase of raw materials.

Former SIMA Chairman J. Thulasidharan sought that the Centre should as soon as possible introduce the National Fibre Policy so as to afford the local textile industry a level playing and also to ensure stability of prices.

Deputy Chairman of Cotton Textiles Export Promotion Council, Manickam Ramaswami said that over the next three years, India's textile and clothing industry would exercise a hold over 40 to 50 percent share of global yarn market and over 20 to 25 percent of grey cloth market.

However, a stable Government policy with no quantitative ceiling on exports and modular bailout package are vital to achieve this goal, he said and added that the Commerce Ministry should promote exports. Further, all the textile industry segments too need to boost their competitiveness in world market, he added.

He said that there is a need to grasp the interdependency of different segments of the industry. Farmers should be motivated to undertake cotton cultivation so that there is excess availability of it for exports, he said.

In addition, he said the textile industrial associations' cotton development and research arms should look at developing cotton derivatives.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 26th Jun 2017

US initiates probe into PSF imported from 5 nations

The department of commerce of the US has initiated investigations for ...

Textiles | On 26th Jun 2017

Braskem invests in polypropylene production facility in US

The Board of Directors of Braskem, one of the largest producer of...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

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


Browse Our Archives


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