The Indian cotton sector needs a comprehensive study on challenges, requirements, and scope to increase production.
President
of Indian Cotton Federation J. Thulasidharan told reporters here on
Tuesday that action can be taken to increase productivity, control price
volatility, ensure attractive prices to farmers, and streamline exports
and imports only when all the stakeholders are consulted and a
comprehensive study of the sector is done.
Vice-president
of the association P. Nataraj added that the Central Government should
come out with an export policy for cotton. In the current season,
Pakistan had been a major importer of Indian cotton. Over 60 lakh bales
were exported so far to different countries this year. Based on the
estimates of the Cotton Advisory Board, the Government should take
decisions on exports, he said.
The Indian Cotton
Federation will organise a two-day conference here on “Indian Cotton
Scenario in the Current Context 2016-2017” on August 19 and 20.
About
400 people, including cotton ginners, traders, textile industry
representatives, and brokers are expected to take part. They will
deliberate on cotton area, demand, supply and price situations, and
sustainable management practices.
The two-day
programme will have panel discussions for ginners, brokers, and
spinners. Talks will be on cotton textile eco-system, global scenario,
hedging, arbitration, challenges in cotton production, modern trends in
spinning, and funding cotton purchase. The association members plan to
submit their suggestions to the Union Textile Minister after the
meeting.
Source: The Hindu
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