Home / Knowledge / News / Textiles / Rising cotton price: Issue of concern in TN
Rising cotton price: Issue of concern in TN
Apr '10
The Handlooms and Textiles Minister Mr. Ramachandran recently said in the assembly that the Tamil Nadu government is concerned about the high cotton and yarn prices. The towering prices of cotton and yarn are affecting the living of lakhs of weavers working in handlooms and power-looms.

He said while replying to members of different parties that the Tamil Nadu Chief Minister Mr. M Karunanidhi has raised the matter frequently with the Central Government, but the government took very limited steps in this direction. A meeting in this regard had been held by the Union Finance Minister Mr. Pranab Mukherjee.

A committee had been formed by the Central Government to examine the issue, wherein few effective steps had been taken to address the issue. These steps reduced the cotton prices to a minor extent, but not the crisis, which continues so far, said the Minister.

The state requires around 9.5 million cotton bales per year, but it produces just about 500,000 bales, which forces it to purchase large amount of cotton from other states. These states price their cotton at high rates, but Tamil Nadu needs it at low prices to protect its handlooms, power-looms and hosiery units, added the Minister.

Fibre2fashion News Desk - India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin
InvestKonsult Sweden AB

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Bani Batra

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search