Home / Knowledge / News / Textiles / Indian Textiles Ministry to compile Cotton Balance Sheet
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

Must ReadView All

Apparel/Garments | On 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Apparel/Garments | On 5th Dec 2016

Traders to intensify adoption of digital payments

Adoption of digital payments in their existing business format would...

Textiles | On 5th Dec 2016

US textile & apparel exports down 6.44% in Jan-Sept ’16

The exports of textile and apparel from United States were down 6.44...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Giorgio Mantovani
Corman S.p.A

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

Marcel Alberts
Eurofibers

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

Mohammad Hassan
Biax Fiberfilm

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Robert Brunner
Devereux

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

Tony Ward
Tony Ward

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

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search