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Indian Textiles Ministry to compile Cotton Balance Sheet
07
Jun '13
Indian Ministry of Textiles has asked the independent cotton processing units of the country to submit their records for compilation of the ‘Cotton Balance Sheet’.
 
In a statement released by the Ministry, all independent surgical cotton or cotton wadding manufacturing units, cotton textile mills, cotton ginning and pressing factories and traders have to submit their statistics on a monthly basis.  
 
The statement says the units need to submit the data in a prescribed format to the regional office of the textiles commissioner by the 15th of every month, according to a Business Standard report.
 
The regional office will then submit a consolidated report to the Ministry by the 20th of every month.
 
The Ministry has also asked all owners of cotton processing units to register themselves with the regional office of the textiles commissioner and obtain a registration number.
 
The owners of cotton processing units need to submit figures that reflect the total quantity of cotton ginned or the number of bales pressed during the particular month, along with an average net weight of the bales pressed.
 
For the traders, the data submitted must include the total quantity of cotton traded during the particular month, the quantity traded from the beginning of the cotton season to the end of that month and the total cotton stock left with them at the end of the month. 
 
The Ministry aims to collect the figures related to production, consumption and closing stock of cotton. The compilation of the figures will help to prepare the Cotton Balance Sheet and also form the National Cotton Distribution Policy (NCDP).
 

Fibre2fashion News Desk - India

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