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Indian govt must ensure cotton availability to mills: ICF
Sep '13
The Government of India must ensure raw material availability to the domestic spinning mills by devising a raw material protection policy, J. Thulasidharan, president of the Indian Cotton Federation (ICF), previously South India Cotton Association, said at the 34th annual general meeting of the association in Coimbatore.
Mr. Thulasidharan said that the Bangladesh Government had prepared a raw material protection programme to ensure availability of raw materials like cotton in adequate quantities to the domestic textile industry. 
He said the Indian textile industry is dependent on just-in-time inventory, and hence, the industry does not get benefit of comfortable position of raw material availability even though the year begins with a comfortable stock.
He explained that India produced nearly 34 million bales (1 bale = 170 kg) of cotton in 2012-13 season, which should have given adequate availability of raw material to the domestic textile industry, but the country exported about 10 million bales of cotton. The Indian textile industry consumed about 28.5 million bales of cotton, and hence, the carry forward stock would be one of the lowest for the new cotton year beginning October 1, 2013.
However, he clarified that the association was not recommending a ban or control on exports of cotton from India.
He also said that the ICF wants the Government to restructure the Cotton Advisory Board (CAB).

Fibre2fashion News Desk - India

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