Home / Knowledge / News / Textiles / Indian cotton export is a concern for the textile industry

Indian cotton export is a concern for the textile industry

01
Feb '11
While addressing a gathering of about 400, during the inauguration of the 66th annual conference of Textile Association (India) in Bangalore on January 28th, Mr. M. Prabhakar Rao, Chairman of NSL Group, which is the home to India's largest seed company, Nuziveedu Seeds Pvt. Ltd., expressed the value loss to Indian textile industry by exporting raw cotton.

NSL Group is a conglomerate with interests in hybrid seeds, cotton, textiles, power and infrastructure. He briefed the audience that cotton when exported in raw form looses about 500% of its value as compared to exporting finished garments.

Mr. Prabhakar Rao in his personal capacity as the Chairman of NSL Textiles expressed concern over the timing and the export of raw cotton and called for increasing cotton yields in India. If the Indian yield levels-off with that of the world's best level, India can double its production from the current level of 5.5 million metric tons (MT) to 11 million MT.

Speaking to this scribe, Mr. Rao said India's production can double in four years provided the government policy is supportive. By enhancing the yield, some 50 hectares can be freed from cotton to other crops.

He made a clarion call for Better Cotton Initiative, mechanical harvesting and encouragement for contract cotton farming. He wanted the Indian cotton sector to have a suitable hedging mechanism to safe guard the interests of farmers and the textile industry to be in a better position by having a good buffer stock.

According to Mr. Rao, the Indian textile industry is suffering due to cotton exports and its inappropriate timing. The Indian textile industry is blaming the price hike on cotton exports. Just in 3 weeks time since the 1st week of January, cotton price in India has soared over 20%.

Even if India doubles its cotton capacity, the growing textile industry in India will require an addition 10 million MT of fibers in this decade in addition to its current consumption of 8 million MT.

Seshadri Ramkumar


Must ReadView All

Pic: Shutterstock

Textiles | On 22nd Feb 2020

Pharr sells Pharr High Performance to Coats Group

Pharr, a provider of differentiated textile products and assorted...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

TOAI highlights importance of textiles in auto industry

The first edition of the conference 'Textile Opportunities in a...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

Cocona's 37.5 fibres to have new biodegradable additive

All of the 37.5 staple fibres and filament yarns by Cocona, will now...

Interviews View All

Frank Gossmann, Rotorcraft AG

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Subhashini Srinivasan, The S Studio

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Darshan Mehta, Infinium Polychem

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Abhishek Pachauri,

Abhishek Pachauri

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

Harsh Shah,

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Nitesh Mittal,

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Johan Berlin, Investkonsult Sweden AB

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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


February 2020

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


Advanced Search