Home / Knowledge / News / Textiles / SIMA pleads to curb cotton exports
SIMA pleads to curb cotton exports
Apr '11
The Southern India Mills' Association (SIMA) Chairman has met with the Indian Prime Minister on cotton situation on April 9, 2011.

Mr. Manmohan Singh, the Prime Minister of India visited the textile city, Coimbatore on April 9th as part of an election campaign for the forthcoming State of Tamil Nadu assembly elections. Mr. J. Thulasidharan, Chairman of SIMA met the Prime Minister during his visit to Coimbatore.

Dr. K. Selvaraju, Secretary General of SIMA in a telephone conversation with this scribe on April 9th confirmed that the SIMA chairman Thulasidharan personally handed over the memorandum request to the Prime Minister on Saturday, April 9th.

SIMA has pleaded the Prime Minister that the raw cotton export should be permitted from India only after January every season. In addition, the spinning body is asking special assistance with regard to working capital such as the interest rate to be brought down to 7% from the current rate of 14 %, increase the credit period from 3 months to 9 months and also reduce the margin money from 25% to 10%.

In the memorandum plea, the association has emphasized that the export of 5.5 million bales (170 Kgs each), which is the allotted amount for this current season, will result in cotton scarcity during the end of the current cotton season and the beginning of the next season. The association estimates that at the current consumption rate, an ending stock of at least 6 million bales (170 Kgs each) is needed which necessitates the immediate curbing of cotton exports from India till January 31st, 2012.

In addition to the SIMA plea, according to media reports, the Prime Minister in the public rally on April 9th has said that his Government wants to find a viable solution to the pollution problems facing the dyeing units in Tirupur, the hosiery town in South India.

Seshadri Ramkumar, Texas Tech University

Must ReadView All

Courtesy: BGMEA

Apparel/Garments | On 27th Feb 2017

'Brands & buyers should help Bangladeshi factory owners'

Brands and buyers should come forward to help factory owners in...

Apparel/Garments | On 27th Feb 2017

Myanmar sets up new committee to revise minimum wage

The Government of Myanmar has set up a new committee, replacing an...

Courtesy: PT Indonesia Taroko Textile

Textiles | On 27th Feb 2017

Taiwan's Lealea to buy Tarako textile plant in Indonesia

Taiwan based textile manufacturer Lealea Enterprise Company, one of...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Poojaa Kumar Deepak

Zeven's performance sports apparel is designed for the Indian body type,...

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Mark Paterson
Technical Absorbents Ltd

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

Paolo Ocleppo
Sandvik Hyperion

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Judy Frater
Somaiya Kala Vidya

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

February 2017

February 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search