Advertise Here [468 W x 60 H pixels]
Newsline-National | March 2017

Cotton buying norms eased for MSME

The Union Textile Ministry has announced unique terms and conditions for procuring fully pressed cotton bales from Cotton Corporation of India (CCI) for the benefit of MSME textile units. The new terms and conditions facilitates the registered MSME textile units to procure cotton by paying only 10 percent deposit money as against 20 percent, which was applicable only for the sale quantity of 30,000 bales and above, said Chairman of Southern India Mills’ Association (SIMA), Senthilkumar.

Earlier there was a difference in the free period, ranging from 30 to 75 days and 75 days free period was available for procurement of 15,000 bales and above, depriving MSME textile the benefit. The free period now has been made uniform and fixed at 45 days, which would again help actual users and the MSME units. The deposit money up to 2,999 bales is only 15 per cent, which would greatly help the units that are starving for working capital funds in the post-demonetization regime, Senthikumar said.

Senthilkumar said that the industry requested CCI to opt for coastal movement of bales between Gujarat and Tamil Nadu that would again yield considerable savings for mills. SIMA has finalized the rates with a company for the entire cotton season 2016-17.

Post your comment
Name:  
Email:    
Comments:  
Verification Code:   Change Image


 
Advertise Here [728 W x 90 H pixels]
A.T.E Enterprises Pvt Ltd      AB Carter India Pvt Ltd      Angel Mechtronik      Apsom Technologies (India) Pvt Ltd      Arvind Rub-Web Controls Ltd      Associated Autotex Ancillaries Pvt Ltd      B & R Industrial Automation Pvt Ltd      Best Power Equipments India Pvt Ltd      Bharat Beams Pvt Ltd      Bharat Bijilee Ltd      Bhatt Bros      Bracker AG (Rieter)      Condair      DCC Print Vision LLP      DN Associates      DORNIER Machinery India Pvt Ltd      Embee Corporation      Eppinger Tooling Asia Pvt Ltd      Excel Traders      Fab Industries      Fourwents Engineering Company      Gandhi Automations Pvt Ltd      Gem Orion Machinery Pvt Ltd      Instamod Air Pipe Pvt Ltd      Jogindra Industries Pvt Ltd      Jumac Manufacturing Pvt.Ltd      K.U. Sodalamuthu and Co. Pvt Ltd      Kirloskar Toyota Textile Machinery Pvt Ltd      Konica Electronics Enterprise      Labelmach      Leuze Electronic Pvt Ltd      Loepfe Brothers Ltd (Masterline)      M-Tex Enterprises      Mayer & Cie. GmbH & Co. KG      Mayur Reeds And Healds Pvt Ltd      Mohler Machine Works Pvt Ltd      Needles And Elements India Private Limited      Nestling Technologies      Peass Industrial Engineers Pvt Ltd      Phoenix Textile Engineering Pvt Ltd      Precision Rubber Industries Pvt Ltd      Premier Evolvics Pvt Ltd      Rabatex Industries      Rieter India Pvt. Ltd      Rossari Biotech Ltd      Savio Texcone Pvt Ltd      SB Dye Springs India Pvt Ltd      Skaat Machine Works India Pvt Ltd      SRE Corporation      Stovec Industries Ltd      Techno Electronics And Instruments      Techno Industries      Thymas Electronics Pvt Ltd      Uster Technologies AG      Vetal Hitech Machines Pvt. Ltd      VTMtex Virtual Textile Mill India (P) Ltd      Weavetech Engineering Pvt Ltd      A.T.E Enterprises Pvt Ltd      AB Carter India Pvt Ltd      Angel Mechtronik      Apsom Technologies (India) Pvt Ltd      Arvind Rub-Web Controls Ltd      Associated Autotex Ancillaries Pvt Ltd      B & R Industrial Automation Pvt Ltd      Best Power Equipments India Pvt Ltd      Bharat Beams Pvt Ltd      Bharat Bijilee Ltd      Bhatt Bros      Bracker AG (Rieter)      Condair      DCC Print Vision LLP      DN Associates      DORNIER Machinery India Pvt Ltd      Embee Corporation      Eppinger Tooling Asia Pvt Ltd      Excel Traders      Fab Industries      Fourwents Engineering Company      Gandhi Automations Pvt Ltd      Gem Orion Machinery Pvt Ltd      Instamod Air Pipe Pvt Ltd      Jogindra Industries Pvt Ltd      Jumac Manufacturing Pvt.Ltd      K.U. Sodalamuthu and Co. Pvt Ltd      Kirloskar Toyota Textile Machinery Pvt Ltd      Konica Electronics Enterprise      Labelmach      Leuze Electronic Pvt Ltd      Loepfe Brothers Ltd (Masterline)      M-Tex Enterprises      Mayer & Cie. GmbH & Co. KG      Mayur Reeds And Healds Pvt Ltd      Mohler Machine Works Pvt Ltd      Needles And Elements India Private Limited      Nestling Technologies      Peass Industrial Engineers Pvt Ltd      Phoenix Textile Engineering Pvt Ltd      Precision Rubber Industries Pvt Ltd      Premier Evolvics Pvt Ltd      Rabatex Industries      Rieter India Pvt. Ltd      Rossari Biotech Ltd      Savio Texcone Pvt Ltd      SB Dye Springs India Pvt Ltd      Skaat Machine Works India Pvt Ltd      SRE Corporation      Stovec Industries Ltd      Techno Electronics And Instruments      Techno Industries      Thymas Electronics Pvt Ltd      Uster Technologies AG      Vetal Hitech Machines Pvt. Ltd      VTMtex Virtual Textile Mill India (P) Ltd      Weavetech Engineering Pvt Ltd