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What’s happening in India’s cotton and textile sectors
Mumbai-based Cotton Association of India (CAI) estimated that this year’s Indian crop (October 1, 2019-September 30, 2020) to be 33.55 million bales (170 Kgs each) as against its previous estimate of 33 million bales (170 Kgs each). This is about 550,000 bales higher than the previous estimate.
SIMA hails CCI’s initiative to protect interests of MSME sector
Ashwin Chandran of SIMA thanked Smriti Irani for the intervention, enabling CCI to offer volume based bulk discounts for its 2018-19 cotton and protecting the interests of MSME spinning mills by offering the discounts from 500 bales and restricting the same at 10,000 bales.
CCI hosts technical seminars at spinning mills in India
The Cotton Council International (CCI), the National Cotton Council’s (NCC) export promotion arm, recently hosted technical seminars in India to discuss manufacturing process improvements with mills using US cotton.
Only Vimal Sarees comes to Surat
The textile division of Reliance Industries Limited recently opened an office for its Only Vimal Sarees brand in Surat – the biggest market for sarees and dress materials in the country.
P Nataraj is new chairman of SIMA
The Southern India Mills Association (SIMA) has elected P Nataraj, Managing Director, K P R Mill Limited, Coimbatore as the Chairman for the year 2017-18. He was unanimously elected as the chairman in the 58th AGM.
No cotton/yarn shortage, clarifies Centre
In order to ensure availability of cotton for domestic mills, the Indian Government had directed Cotton Corporation of India Ltd to sell its stock of cotton (cotton season 2015-16), purchased under MSP, to spinning mills in the micro small medium enterprise (MSME) category to contain fluctuation in cotton prices.
Mills import cotton as prices surge
Textile mills have started to import cotton from West Africa and the US as the landed costs are on par with the prevailing market price in the country.
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