Home / Knowledge / News / Textiles / Lower cotton MSP or grant subsidy to ginners, demands GGA

Lower cotton MSP or grant subsidy to ginners, demands GGA

13
Nov '08
Textile industry of India is going through a rough patch, in turn affecting the cotton sector greatly. Gujarat is the second-largest producer of cotton in the country, and leading players here too are facing problems.

With low demand from down stream market, the cotton manufacturers in the State have cut down production.

Mr Bharat Wala, President, Saurashtra Ginners Association (SGA), explained to Fibre2fashion, “South India is one of the key consumers for Gujarat cotton, especially the Shankar-6 variety. However, factories in this region are working at 50 percent capacity due to power-cuts and related issues. This has further supported lower demand.”

Mr Saurin Parikh, General Secretary, Gujarat Ginners Association (GGA), informed, “Last year minimum support price (MSP) for was Rs406 per 20 kg. But, in an attempt to help farmers the Government raised it by 40 percent this year to Rs575 per 20 kg.”

Experts say that in these tough times, these high rates are adding fuel to the fire. Big purchases are not being made as ginners are adopting the hand-to-mouth attitude.

Mr Parikh says, “Compare to last year, this year the situations very bad. Ginners are facing high losses. Textile industry, across India, is in miserable position. Exports are also suffering. Thus, we recently, met with Mr Sharad Pawar and Hon. Shankar Singh Vaghela to discuss the issue. We requested that the MSP be reduced or ginners be provided with some subsidy.”

As for the outcome of talks, he said, “Mr Vagela assured us that though MSP will not be reduced, Government will provide ginners with subsidy. We are hoping that ginners will start receiving subsidy within next 10-15 days.”

Fibre2fashion, News Desk - India


Interviews View All

Anshul Sood, Oceedee

Anshul Sood
Oceedee

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

Viral Desai, Zenitex Mill Pvt Ltd

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Headhonchos, Indian textile value chain

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Karan Behal,

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Urmil Arya,

Urmil Arya

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

Sugandha Bhardwaj,

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

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

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

Pierre Wiertz talks about the vast world of sustainable nonwovens and...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

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

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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 2019

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

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search