Home / Knowledge / News / Textiles / SIMA hails Textile Ministry order to release CCI cotton
SIMA hails Textile Ministry order to release CCI cotton
17
Apr '13
Though the cotton prices were stable till the middle of February 2013, it started increasing abruptly from Rs.33, 800/- per candy to Rs.39, 600/- per candy as CCI and cotton traders were not releasing the cotton to the domestic mills. 

Consequently, industry Association including SIMA, Confederation of Indian Textile Industry (CITI) pleaded the government to offload the cotton purchased by CCI under MSP operations to domestic mills to bring stability in prices.  Now, Ministry of Textiles has directed CCI to offload 2.5 lakhs bales of cotton to domestic mills which might bring stability in cotton prices.  

Mr.S.Dinakaran, Chairman, The Southern India Mills’ Association (SIMA) thanked the Hon’ble Textile Minister and Secretary (Textiles) for taking proactive steps and directing CCI to release 2.5 lakhs bales of cotton to domestic mills. 

SIMA Chairman also sent fax communications to the Hon’ble Prime Minister, Hon’ble Finance Minister, Hon’ble Textile Minister, Hon’ble Minister of State for PMO Office, Secretary (Textiles) and Joint Secretary, Ministry of Textiles individually for intervening in the matter and also thanking the decision to direct CCI to release the cotton to domestic mills.

Southern India Mills' Association (Sima)

Must ReadView All

Textiles | On 30th Mar 2017

Lok Sabha approves 4 supplementary GST legislations

The Lok Sabha has approved four supplementary Goods and Services Tax...

Courtesy: Shopper Stop

Apparel/Garments | On 30th Mar 2017

Contactless payments at Shoppers Stop

India's leading fashion retailer Shoppers Stop has entered into a...

Textiles | On 30th Mar 2017

Cotton target price kept unchanged in Xinjiang

China’s National Development and Reform Commission (NDRC) has kept...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marcel Alberts
Eurofibers

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

Ashok Desai
Bombay Textile Research Association

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

Silvia Venturini Fendi
Fendi s.r.l

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Jay Ramrakhiani
Occasions Elegance Wear

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

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search