Home / Knowledge / News / Textiles / Industry takes cotton grievances to Textile Minister
Industry takes cotton grievances to Textile Minister
14
Oct '09
The industry has requested Textile Minister, Thiru Dayanidhi Maran to intervene in some of the serious issues affecting the entire cotton economy of the country.

In a meeting chaired by Textile Minister, Office-Bearers of Confederation of Indian Textile Industry (CITI), Southern India Mills' Association (SIMA), Northern Indian Textile Mills Association (NITMA) Cotton Textiles Export Promotion Councils (Texprocil) and other industry representatives pointed out that the export incentive for raw cotton and the procedures adopted for disposal of procured cotton during cotton year 2008-09 played a major role in increasing cotton prices in the domestic market and making Indian cotton available to the competing countries at cheaper prices.

In his presentation to the Minister, Shri Shishir Jaipuria, Chairman, CITI requested that export incentives for raw cotton should not be reintroduced since the country will have very limited exportable surpluses in cotton year 2009-10.He pointed out that there has been damage to cotton because of the recent floods which would bring down production, whereas industry is picking up and cotton consumption would go up. Since shortage of cotton is expected in the global markets, international prices are likely to go up and this will drive export growth from India in raw cotton.

On top of all this, if incentives are also given on raw cotton export, domestic textile and clothing industry which employs millions of workers would become totally uncompetitive and this would affect industrial production, export earnings and employment generation. He also pointed out that if all cotton produced in the country is processed into textile products, this would encourage value added exports and create more jobs.

The industry representatives strongly pleaded that discount on bulk purchases that Cotton Corporation of India had operated during last cotton year should not be operated this year, since this would only help large traders to manipulate the market.

The meeting was attended by senior officials from the Ministry,in addition to the Minister himself. The Minister assured the industry that the discount scheme on bulk purchases would be discontinued. On export incentives for raw cotton, Textile Minister informed the industry that he had already taken up this issue with the Prime Minister, Finance Minister and Commerce Minister. The Minister also responded favourably to the industry's request and Cotton Corporation of India should open more depots in textile clusters for selling procured cotton. Cotton Corporation of India was instructed to ensure continuous supply of procured cotton to the industry and to avoid holding procured cotton which could lead to artificial shortage in the market.

The Textile Minister observed that CCI should have an industry friendly approach in MSP operations, while ensuring at the same time that it does not run into losses. The Minister also advised the industry to ensure prompt purchase of procured cotton so that CCI would not have to incur carrying charges and would be able to promptly dispose of procured cotton.


Must ReadView All

Courtesy: Rieter

Textiles | On 22nd Aug 2017

Rieter unveils new generation of RDB-D 50 draw frame

Rieter, a producer of textile machinery and automobile components,...

Courtesy: Alizilla

Textiles | On 22nd Aug 2017

‘New Retail’ strategy Alibaba’s focus in next 15 years

Alibaba executive vice chairman Joe Tsai has said that the next 15...

Courtesy: Eurovet/ Interfiliere Shanghai

Textiles | On 22nd Aug 2017

Interfiliere Shanghai to focus on textile printing

Interfiliere Shanghai, the leading trade show for intimates,...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

August 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search