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CCI to boost cotton exports to Bangladesh, Vietnam
The Cotton Corporation of India (CCI), which is holding surplus stocks of cotton just ahead of the next harvest season, is trying to boost exports of the fibre crop. A memorandum of understanding is being worked out to export 1.5-2 million bales (of 170 kilograms each) of cotton to Bangladesh while the state-run CCI will also set up its own warehouse in Vietnam to boost cotton exports.
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.
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