Home / Knowledge / News / Textiles / SIMA pleads to curb cotton exports
SIMA pleads to curb cotton exports
12
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

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Nitin Bhatia
Trend Arrest

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

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Marten Alkhagen
Swerea IVF AB

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Bani Batra

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

Rupa Sood and Sharan Apparao
Nayaab

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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:
April 2017

April 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



X