Home / Knowledge / News / Textiles / CCI's selling strategy worries textile value chain – SIMA
CCI's selling strategy worries textile value chain – SIMA
20
Mar '13
The textile industry has been pleading to the Government to direct Cotton Corporation of India (CCI) to offload the cotton to the domestic textile mills to maintain the stability in cotton prices.  Unfortunately, it has been reported that CCI and NAFED plan to launch e-auctioning to export 10 lakh bales of the 22 lakh bales it has procured from Andhra Pradesh, Karnataka, Odisha and Maharashtra at minimum support price.

Mr.S.Dinkaran, Chairman, The Southern India Mills’ Association (SIMA) said that already cotton export registration crossed the mark of 80 lakh bales and the proposal of government procurement agencies to export 10 lakh bales would ruin the cotton textile industry which has now limping back to normalcy after huge suffering.   

The role of cotton procurement agencies is to protect the interests of farmers when they are in stress and help the ultimate user industry.  Mr.Dinkaran has felt the decision of CCI and NAFED as unfortunate and would lead the industry to yet turmoil. When the cotton manufacturing counties across the globe are holding back their stock to look after the domestic industry needs, the policy of the Indian government has been the just opposite where the interests of domestic industry are not considered while taking any export policy decisions. 

SIMA chief, therefore, pleaded to the Government to stop the proposed export by CCI/ NAFED and avoid cotton scarcity at the end of the cotton season and stabilize the prices in the overall interests of the textiles and clothing industry in the country.

Southern India Mills' Association (SIMA)


Must ReadView All

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Luke Otten
Wigwam Mills Inc

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

Larry L Kinn
Suominen Corporation

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Urs Stalder
Sanitized AG

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

Silvia Venturini Fendi
Fendi s.r.l

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

Tony Ward
Tony Ward

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

July 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

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

Yes No

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

Yes No

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


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



X