: Need of achieving quality excellence to strengthen cotton textile value chain: Textile Commissioner #FinanceIndia #StockMarketNEWS Need of achieving quality excellence to strengthen cotton textile

@StockMarketNEWS Sun 07 Aug, 2022

Posted in: #FinanceIndia #StockMarketNEWS

Need of achieving quality excellence to strengthen cotton textile value chain: Textile Commissioner #FinanceIndia #StockMarketNEWS
Need of achieving quality excellence to strengthen cotton textile value chain: Textile Commissioner Coimbatore, Aug 6 (KNN) It’s only good quality cotton that will strengthen the entire textile value chain, so we should all work together to achieve this, said Roop Rashi, Textile Commissioner, on Friday.

While inaugurating a two-day conference on “Cotton Challenges Ahead 2022”, organised by Indian Cotton Federation, Coimbatore, and Indian Cotton Association, Bathinda, she highlighted the need to increase cotton productivity and improve the quality to achieve the full potential of the cotton industry.

T. Rajkumar, chairman of the Confederation of Indian Textile Industry, said yarn prices had slumped in the last two months and textile mills were having yarn stocks. The government and the industry were working on several measures for the development of the cotton sector. Tamil Nadu’s cotton production this season (2021-2022) was expected to be almost 10 lakh bales and several buyers from the north were purchasing from here.

Due to the pandemic, the textile sector faced a lot of challenges. To overcome these challenges, different sectors of the cotton industry have come together to find solutions. Textile Advisory Committee, formed by the government, was also looking at short and long-term solutions for issues related to seed, market and branding.

Chairman of Southern India Mills’ Association Ravi Sam said the number of cotton seed varieties should be reduced to 50 from 1,500. There was a need to increase cotton productivity which had reduced to 460 kg of cotton per hectare from 565 kg per hectare in 2013-2014. “It is time for the entire textile value chain to join hands with farmers and the government for the development of the cotton sector,” he said.

Mukul Dev Tayal, president of the Indian Cotton Association added that seed was important for cotton and farmers were struggling to get quality cotton seeds. The technology of seeds available now was nearly 20 years old. “The need of the hour is to persuade the government to allow the import of technology for seed development and funds for agricultural universities to develop seeds,” he said.

Union commerce and Industry minister, Piyush Goyal in a meeting with the industry representatives in July called for the private sectors contribution to boosting the production, and branding of Indian cotton. (KNN Bureau)