Advertise Here [468 W x 60 H pixels]
Web Exclusive | October 2016

Mills SOS to Textiles Minister

As the cotton season (October 2015 to September 2016) comes to an end and cotton prices have shot up to nearly Rs 50,000 a candy, textile industry associations from different parts of the country met the Union Textile Minister Smriti Irani in New Delhi.

The associations sought announcement of cotton fibre security policy by the Union Government. Cotton is the main raw material for the textile industry and cotton prices, which were Rs 33,000 a candy, increased to Rs. 55,000 a candy in July this year. The spinning mills incur Rs 20 to Rs 25 a kg loss and this has been the situation for the last three months. Many mills have hence cut down production. Downstream industries, including powerlooms, handlooms, and apparel, are also hit because of the increase in cotton prices.

The textile industry is facing crisis for the last eight years now and volatility in cotton prices is one of the reasons for this, the associations pointed out. Spinning mills have not option but to buy cotton at high costs as banks extend only three-month credit limit facility.
Post your comment
Name:  
Email:    
Comments:  
Verification Code:   Change Image


 
Advertise Here [728 W x 90 H pixels]
Angel Mechtronik      Arvind Rub-Web Controls Ltd      Associated Autotex Ancillaries Pvt Ltd      ATE Enterprises Pvt Ltd      ATE Huber Envirotech Pvt Ltd      B & R Industrial Automation Pvt Ltd      Bharat Beams Pvt Ltd      Bhatt Bros      Carlos Yidi JR (Finotex ) / Labelmach      Condair Plc      Eppinger Tooling Asia Pvt Ltd      Excel Traders      Gandhi Automations Pvt Ltd      Grasim Industries Ltd      Jogindra Industries Pvt Ltd      Jumac Manufacturing Pvt.Ltd      K U Sodalamuthu and Co. Pvt Ltd      Lakshmi Machine works Ltd      Lakshmi Machine works Ltd      Loepfe Brothers Ltd (Masterline)      Nanotek Controls      Nestling Technologies      Peass Industrial Engineers Pvt Ltd      Precision Rubber Industries Pvt Ltd      Savio Texcone Pvt Ltd      SRE Corporation      Stovec Industries Ltd      Sumanlal J Shah And Co      Surface Modification Technologies Pvt Ltd      The Best Textiles Engineers      Trishul Overseas      Weavetech Engineering Pvt Ltd      Angel Mechtronik      Arvind Rub-Web Controls Ltd      Associated Autotex Ancillaries Pvt Ltd      ATE Enterprises Pvt Ltd      ATE Huber Envirotech Pvt Ltd      B & R Industrial Automation Pvt Ltd      Bharat Beams Pvt Ltd      Bhatt Bros      Carlos Yidi JR (Finotex ) / Labelmach      Condair Plc      Eppinger Tooling Asia Pvt Ltd      Excel Traders      Gandhi Automations Pvt Ltd      Grasim Industries Ltd      Jogindra Industries Pvt Ltd      Jumac Manufacturing Pvt.Ltd      K U Sodalamuthu and Co. Pvt Ltd      Lakshmi Machine works Ltd      Lakshmi Machine works Ltd      Loepfe Brothers Ltd (Masterline)      Nanotek Controls      Nestling Technologies      Peass Industrial Engineers Pvt Ltd      Precision Rubber Industries Pvt Ltd      Savio Texcone Pvt Ltd      SRE Corporation      Stovec Industries Ltd      Sumanlal J Shah And Co      Surface Modification Technologies Pvt Ltd      The Best Textiles Engineers      Trishul Overseas      Weavetech Engineering Pvt Ltd