Home / Knowledge / News / Textiles / CCI should play price stabilization role: Texprocil
CCI should play price stabilization role: Texprocil
16
Sep '14
The Cotton Corporation of India (CCI) should once again be asked to play the price stabilization role, in addition to the support price role, The Cotton Textiles Export Promotion Council of India (Texprocil) has said.

Addressing a press conference, the outgoing chairman of Texprocil, Manikam Ramaswami, said the Indian textile industry is internally an extremely competitive industry, and it needs its raw materials at equal or less than International prices and needs a level playing field in tariff barriers.

According to Mr. Ramaswami, a cotton surplus country like India should at all times have lower than international prices, but in reality every year after February; Indian prices go above global prices and remain so until the new crop arrives in October. It is at this time that the share of Indian yarn in China’s imports drops.

Such a situation can be avoided if the CCI plays a price stabilization role and buys cotton from the farmers, whenever Indian prices are lower than International prices. Subsequently, the CCI can release the cotton to the mills the moment the domestic prices reach the international level.

“It would help the farmers make more profits, will stabilize the operations of mills and help maintain our international competitiveness in manufactured products. Traders will compete on an equal footing, and not be able to create the current distortions in prices by buying when prices are cheaper and exporting it to our competitors,” said Mr. Ramaswami.

Given that India suffers very high relative duties into all markets, the Government needs to use the Focus schemes as per the stated policy transparently and give textile exports the highest incentives that it rightly deserves as per the stated policy on incentives, he also said.

Texprocil, an autonomous, nonprofit body dedicated to promotion of exports, has a membership of around 3,500 manufacturers and exporters of cotton textile products like cotton, yarn, fabrics and home textiles.

For the year 2014-15, RK Dalmia of Century Textiles and Industries, Ujwal Lahoti of Lahoti Overseas Ltd., and KV Srinivasan of Premier Mills Pvt Ltd. have been elected chairman, deputy chairman and vice chairman of Texprocil, respectively. (GK)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Feb 2017

UK textile & apparel exports up 7.05% in 2016: UKFT

The exports of apparel and textiles from the UK have increased by...

Textiles | On 20th Feb 2017

Himatsingka Seide incorporates subsidiary in Europe

Himatsingka Seide Ltd, one of the largest producers of home textiles...

Courtesy: Green Initiatives

Apparel/Garments | On 20th Feb 2017

Green Initiatives launches Re:Form to end textile waste

Green Initiatives, a non-government institution, has launched...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Sunil Rathore
Lacoste India

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

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marcel Alberts
Eurofibers

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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
February 2017

February 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