Home / Knowledge / News / Textiles / SIMA hails Direct Payment Deficiency System
SIMA hails Direct Payment Deficiency System
08
Dec '15
The Southern India Mills' Association (SIMA) has thanked the Government for considering the plea made by the Association and planning to introduce Direct Payment Deficiency System (DPDS) to help cotton farmers get better realization for their produce when the market rates rule below the MSP.

The Confederation of Indian Textile Industry (CITI) and SIMA had been insisting that the Government introduce Direct Benefit Transfer System in lieu of MSP operations and pay the price difference between MSP and market price directly to the farmers whenever market prices rule below the MSP.

In a press release, SIMA Chairman M.Senthilkumar said that the operation of DPDS through Agricultural Produce Market Committee (APMC) would greatly benefit the farmers and the industry. He said that during the earlier season, the industry had to pay Rs.2000 to Rs.3000 higher than the regular price for the cotton when compared to the international price and particularly mills in Telangana and Andhra Pradesh (cotton producing States) had to source cotton from other States as CCI suspended sale during the cotton season between March and May 2015.

Textile Commissioner Kavita Gupta recently announced the launch of the DPDS during the current season at Hingenghat Taluk in Maharashtra on a pilot basis.

Senthilkumar has said that China Cotton Reserve Corporation incurred huge losses due to MSP operations and therefore, has introduced Direct Benefit Transfer System from the last cotton season. He has added that DBT system has enabled Chinese spinning sector to source cotton at market prices. He hoped for a similar scenario in India that would create a win-win strategy for the farmers and the industry, apart from reducing losses to the government. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Apparel/Garments | On 15th Dec 2017

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Strategic location, modern factory facilities and proximity to the...

Courtesy: 2XU

Apparel/Garments | On 15th Dec 2017

L Catterton Asia announces JV of GXG and 2XU

L Catterton Asia, the Asian unit of the largest and most global...

15 trade associations urge nations to safeguard WTO system

Apparel/Garments | On 15th Dec 2017

15 trade associations urge nations to safeguard WTO system

Fifteen trade and industry associations from across the world have...

Interviews View All

Top executives
Textile & apparel bodies

The decision is transformational

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Suresh Patel
Sidwin Fabric

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

Judy Frater
Somaiya Kala Vidya

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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

December 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
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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