Home / Knowledge / News / Textiles / Conference in Coimbatore to discuss cotton scenario
Conference in Coimbatore to discuss cotton scenario
17
Aug '16
The Indian Cotton Federation (ICF), formerly The South Indian Cotton Association, is organising a two-day All India Conference on Cotton in Coimbatore beginning August 19, with 'Indian Cotton Scenario in 2016-17' being the main theme.

The conference is likely to be attended by around 400 persons, including cotton ginners, traders, and textile industry representatives. Participants will discuss cotton area, demand, supply and price situations, and sustainable management practices, P Nataraj, chairman of the conference and ICF vice president told reporters.

The cotton price fluctuation during April to June adversely affected the entire textile value chain; this and some other issues like financial constraints for purchase of cotton would be discussed at the conference, Nataraj said.

Unavailability of exact data on consumption and supply of cotton, particularly in the initial period of the cotton season was a major reason for price fluctuation, said ICF president J Thulasidharan.

He said there was a need for funds to the tune of Rs 50,000 crore, annually, for ginners and spinners to buy and stock cotton at the beginning of the season, which was done by multinational companies, leading to speculation. Situation would be easy for the stakeholders if the banks came forward to provide funds at a reasonable interest rate of 7 per cent, he added.

Nataraj suggested that the Union government should come out with an export policy for cotton. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Trinity Kubassek from Pexels

Textiles | On 19th Aug 2018

Australian wool production to fall 5.7% in 2018-19

Shorn wool production in Australia is likely to fall by 5.7 per cent...

Courtesy: Next Level Apparel

Apparel/Garments | On 19th Aug 2018

Blue Point Capital recapitalises Next Level Apparel

Blue Point Capital Partners has recapitalised Next Level Apparel, a...

Retailers approaching 100% inventory accuracy: Study

Apparel/Garments | On 19th Aug 2018

Retailers approaching 100% inventory accuracy: Study

With computer vision use cases maturing, Artificial Intelligence (AI) ...

Interviews View All

Top executives
Textile industry

The foremost issue is bridging the skill gap

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Mr Ambrose Chan
DSG International (Thailand) PLC

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

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

Leave your Comments


August 2018

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

news category


Related Categories:

Advanced Search