By Our Special Correspondent MUMBAI, MAR. 20
The textile industry has been pleading to the Government to direct Cotton Corporation of
India (CCI) to offload the cotton to the domestic textile mills to maintain the stability in cotton prices. Unfortunately, it has been reported that CCI and NAFED plan to launch e-auctioning toexport 10 lakh bales of the 22 lakh bales it has procured from Andhra Pradesh, Karnataka, Odisha and Maharashtra at minimum support price. This move of the CCCI and NAFED will ruin the industry, stated Mr. S. Dinkaran, Chairman, The Southern India Mills’ Association (SIMA) today.
He said that that already cotton export registration crossed the mark of 80 lakh bales and the proposal of government procurement agencies to export 10 lakh bales would devastate the cotton textile industry which was now limping back to normalcy after huge suffering. T h e role of cotton procurement agencies is to protect the interests of farmers when they are in stress and help the ultimate user industry, SIMA Chief stressed.
Mr. Dinkaran felt the decision of CCI and NAFED as unfortunate and would lead the industry to yet another turmoil. When the cotton manufacturing counties across the globe are
holding back their stock to look after the domestic industry needs, the policy of the Indian government has been the just opposite where the interests of domestic industry are not considered while taking any export policy decisions. SIMA chief, therefore, pleaded to the Government to stop the proposed export by CCI/ NAFED. (Source: Tecoya Trend)