Home / Knowledge / News / Textiles / NFP needs to address cotton stock-to-use ratio – Mr Jain, TT Ltd
NFP needs to address cotton stock-to-use ratio – Mr Jain, TT Ltd
17
Jul '10
Mr Sanjay Jain, Jt M.D, TT Ltd.
Mr Sanjay Jain, Jt M.D, TT Ltd.
The Union Textile Ministry had a few days back released the draft of the much awaited 'National Fibre Policy' (NFP), which took a year to formulate and involved eight working groups. But is the industry impressed with the NFP is the moot question.

Fibre2fashion as an initiative spoke exclusively with Mr Sanjay Jain, Joint Managing Director of the vertically integrated, Delhi based TT Limited. TT Ltd has operations across the whole textile value chain, beginning from cotton ginning, yarn, fabrics, clothing and right up to retailing. Along with being an ISO-9000 certified company, it also has an OEKO-TEX certificate and is also a recipient of several awards for its exceptional quality and export performance. When asked about his opinion on the draft fibre policy, Mr Sanjay Jain was very categorical. He began by saying,

1) It is supposed to be a Fibre Policy and not a textile Policy. However a large portion of the policy talks and dwells upon yarn and other downstream products. The policy should limit itself to discussing the various types of fibre and make a policy to increase its availability in India at competitive and reasonable prices so that fibre can be one of the competitive advantages of the Indian textile industry vis-à-vis other competing countries like Bangladesh and Vietnam whose apparel exports are equal to us, despite they do not produce their own fibre. Other issues like TUF, yarn etc should be dealt in a separate Textile Policy. Sorry to say the purpose and intent has been heavily diluted.

2) Another important thing missing in the policy is the stock to use ratio of cotton fibre. This is a very basic requirement of any National Fibre Policy to decide how much should be exported and how much is required to be stocked. All major consuming and producing nations take special care of this - China is the biggest example. One of the reasons why a Fibre policy was demanded was to manage the cotton supplies and ensure Indian downstream industries don't suffer due to unbridled exports.

3) India currently has one of the lowest stock to use ratio in the world. In this year we would hardly have 15% stock to use ratio against the global stock to use ratio of about 40%. This is a very alarming situation and needs to be addressed permanently. However it has been left vague without laying down a definite and reasonable percentage. It should be understood that cotton is an agricultural crop dependant heavily on monsoons. Who will help the country when there is a poor monsoon or crop damage!!!

4) Policy has addressed the yarn export tax and export volume issues, which are clearly outside the mandate of any Fibre Policy. However no mention of how the exports of cotton fiber would be calibrated and controlled to safeguard the interests of both the farmers and the downstream industries has been made. It should have laid down a very clear policy to avoid any abrupt bans and taxes as done this year, so that all players could work with a clear roadmap and not be dependent on Govt policies.


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Mark Paterson
Technical Absorbents Ltd

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Pranav Mishra
Huemn

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

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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