Home / Knowledge / News / Textiles / South Indian mills seek cotton storage facility in Colombo
South Indian mills seek cotton storage facility in Colombo
30
Sep '16
South Indian textile mills, primarily those in Tamil Nadu are looking at the opportunity of international cotton traders storing imported cotton at the Colombo port in Sri Lanka, as against a Malaysia port currently. An Indian delegation is visiting Sri Lanka for this initiative, which will bring down the transportation cost as well as time.

A leading daily quoted M. Senthil Kumar, chairman of Southern India Mills' Association (SIMA) as saying that the volume of imported cotton is expected to rise in the 2016-17 season, when compared with the current season.

According to Senthil Kumar, SIMA will request international traders to use the Colombo port to store cotton, a location advantageous to supply to even other Asian countries.

The Indian delegation will look for a warehouse, which will not charge detention charges, while offering demurrage-free storage.

Cotton Association of India (CAI) has predicted that cotton production for 2016-17 season beginning October 1 would be 336 lakh bales of 170 kg each. This estimate is nearly similar to the 337.75 lakh bales produced in the ongoing season, as per CAI's July estimate. (AR)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Ashok Desai
Bombay Textile Research Association

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella 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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search