Home / Knowledge / News / Textiles / SIMA wants CCI to offload cotton
SIMA wants CCI to offload cotton
08
Apr '15
The Southern India Mills Association (SIMA) has appealed union minister of state for textiles Santosh Kumar Gangwar to direct Cotton Corporation of India (CCI) to immediately commence selling of cotton by e-auction directly to the actual users with liberal credit norms.
 
SIMA chairman T Rajkumar said in a statement that this was the need of the hour considering the current financial crisis being faced by the spinning mills due to continuing glut in the yarn markets and delay in getting TUF subsidies and other government dues. He also appealed to the minister to advice CCI to avoid quoting higher prices than the market prices.
 
Rajkumar said that although CCI has covered major volume of good quality cotton from Telangana and Andhra Pradesh, the temporary suspension of sale of cotton has resulted in a large number of textile mills running short of quality cotton as it is not available in the open market. 
 
Due to fall in cotton prices, CCI has procured 86 lakh bales of cotton under MSP operations, mainly from Andhra Pradesh and Telangana to safeguard the interests of the farmers. However, the CCI has sold only three lakh bales of cotton and is still holding the remaining 83 lakh bales.
 

Fibre2fashion News Desk - India


Must ReadView All

UK, EU agree to take more time for Brexit deal

Textiles | On 19th Oct 2018

UK, EU agree to take more time for Brexit deal

After an ongoing Brexit summit produced no tangible results, European ...

Courtesy: Pexels

Textiles | On 19th Oct 2018

US announces intent for trade deals with Japan, EU, UK

US Trade Representative Robert Lighthizer recently notified the...

Courtesy: Turtle Limited

Fashion | On 19th Oct 2018

'We are trying to imbibe multi-utility factor in menswear'

Turtle Limited, a leading Indian brand in menswear fashion, is trying ...

Interviews View All

Vasanth Kumar, Max Fashion India

Vasanth Kumar
Max Fashion India

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

Karan Suratwala, Key Textile Accessories Private Limited

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Spokesperson, Hugo Boss

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Urmil Arya,

Urmil Arya

Sushila International, a well established textile organisation established ...

Carolin Russ,

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Harssh Chheda,

Harssh Chheda

Mumbai-based Corporate Collars provides bespoke tailoring services for...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

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

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

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

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


October 2018

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

news category


Related Categories:

Advanced Search