Home / Knowledge / News / Textiles / Indian cotton body reacts on textile sector plea to Govt
Indian cotton body reacts on textile sector plea to Govt
13
Mar '13
The Cotton Association of India (CAI) has reacted strongly against the recent plea by certain segments of the Indian textile sector, with regards to government’s intervention in cotton supply.

Dhiren Sheth, President of CAI, said, “It is the opinion of CAI that Cotton Corporation of India (CCI) should not be supporting the private textile industry alone. CCI needs to maximize its return and therefore, it should be selling cotton to any entity – be it a mill, a trader, an exporter or a foreign buyer whoever offers the highest price for its cotton on a given day.”

CAI has stated that the increase in the cotton prices in the past six months has been normal in India. Dhiren Sheth commented that the cotton price rise in India in the past six months has been about 10-12% as against the international price rise of about 20%. The rise in the Indian cotton price is attributed to the good demand of yarns as well as increase in yarn prices, according to Sheth.

CAI has urged the CCI to sell its cotton to the highest bidder. The recommendation from the CAI in favor of cotton traders counteracts the request from the spinning industry seeking government’s support for the stock release from government owned CCI only to end-users.

Seshadri Ramkumar

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Lynda Kelly
Suominen Corporation

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Silvia Venturini Fendi
Fendi s.r.l

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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