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Related Keywords: affect garment export sector, carded hosiery yarn, consumption of yarn from mills, cotton prices cooling off, increase in hosiery yarn prices, lose competitiveness in global market, SIMA, TEA, Tirupur garment makers

Garment makers in Tirupur have urged textile mills in their region to drop the move on increasing prices of hosiery yarn as cotton prices are cooling off. Cotton prices have come down by Rs 2000 per candy (about 355kg) and in this scenario, the inclination of mills to increase cotton yarn prices will totally affect the Tirupur garment export sector, said A Sakthivel, president, Tirupur Exporters' Association (TEA).

Hosiery yarn prices, which were ruling at Rs 216 per kg in April, are now quoting at around Rs.250 per kg after three rounds of price increases.

Related Keywords: entire textile value chain. Textile Minister, ginning machinery, handy meters, impact on competitiveness, Indian cotton prices, introduce a system, ITF, par with international prices, rise in cotton prices, satellite data on cotton production, SIMA, Smriti Irani, stability to cotton prices, Textile industry of Southern India

The textile industry of Southern India in the last two months due to rise in cotton prices is having an impact on the competitiveness of the entire textile value chain. They have appealed to the Textile Minister Smriti Irani to introduce a system that will bring stability to cotton prices to which the Textile Minister has asked for a proposal, which the textile industry will send it shortly.

Related Keywords: bring in stability in the cotton price, Chairman M Senthilkumar, clean cotton cost used for combed count yarns, during the off season, entire textile value chain, sell cotton only to actual users, SIMA, Southern India Mills Association, Spinning mill, spot price of benchmark cotton variety increased, thanked Ministry of Textiles

Southern India Mills Association (SIMA) Chairman M Senthilkumar thanked the Ministry of Textiles for actively considering the Association plea of selling the cotton only to the actual users and stated that this would bring in stability in the cotton price during the off season.

He expressed gratitude towards Union Ministry of textiles for taking a proactive decision of selling cotton through Cotton Corporation of India (CCI) to the actual users consisting of Micro, Small and Medium Enterprise (MSME) inorder to stabilize the cotton price.

Related Keywords: cotton corporation of India, cotton prices shooting up, cotton stocks, e sale of cotton stock, minimum support price, msms textile mills, SIMA, Textile mills, Textile Ministry

With cotton prices shooting up, the Textile Ministry to keep prices under check has directed the Cotton Corporation of India to sell cotton purchased by it. CCI will start e-sale of cotton stock with it to to micro, small and medium-scale (MSMS) textile mills in a couple of days directly at minimum support price, according to the official.

Related Keywords: account forty six percent of total installed spinning capacity, CAB, capacity of up to twenty five thousand spindles, educed production by about fifteen to twenty percent, losses continue to mount, sharp rise in cotton prices, SIMA, small and medium textile mills in Tamil Nadu, Tamil Nadu textile mills

Following the sharp rise in cotton prices, small and medium textile mills in Tamil Nadu (TN) with a capacity of up to 25,000 spindles have reduced production by about 15%-20% since the beginning of the month as losses continue to mount. Tamil Nadu textile mills account for about 46% of the total installed spinning capacity in the country.

Mills are losing about Rs 15 per kg on yarn. This has come even after two rounds of price increases by mills that resulted in yarn prices going up about Rs 20 per kg since April.

Related Keywords: awareness campaign, basic product manufactured, Coimbatore and Tirupur districts, declining farming activity, different schemes to upgrade, diversify varieties of fabrics, establish a marketing facility, get better prices, grey gada fabric, in-situ scheme, need to look at upgrading technology, powerloom clusters, SIMA, trained manpower

The power loom clusters in Coimbatore and Tirupur districts have not adopted technology much and do not have trained manpower which is affecting production. They need to look at upgrading technology and should diversify to varieties of fabrics to get better prices, according to industry sources.

Related Keywords: BITRA and SITRA, Coimbatore and Triupur, developed curriculum for weavers, does not have training system, M. Senthil Kumar, Nitra, planning to have standardised training system for the workers, power loom associations and unit owners, Powerloom units in two disticts, SIMA, textile research associations, Textile Sector Skill Council

It is estimated that for every 1,000 looms, 600 people are employed. Presently, the sector does not have a training system for the 1.2 lakh workers directly employed in the power loom units in the two districts Coimbatore and Tirupur, according to M. Senthil Kumar, chairman of Southern India Mills’ Association.

Related Keywords: basic customs duty, brings diverse reaction from textile sector, certian fabrics for export of garment, CITI, duty free import, excise duty, Indian Texpreneurs Federation, manufacture of garments for exports, SIMA, TEA, Technology Upgradation Fund Scheme, Texprocil, Union budget for textile industry

The Union budget 2016 for the textile industry brings diverse reaction from the textile sector. According to Tirupur Exporters’ Association, president A. Sakthivel, the budget have brought cheer to textile manufacturers in the State as funds have been allocated for Technology Upgradation Fund Scheme and basic customs duty has been exempted for import of specified fabrics (for manufacture of garments for exports) of value equivalent to one percent of FOB value of exports in the preceding financial year, which will give a boost to garment manufacturers in the State.

Related Keywords: anti-dumping duty on certain fibres and filaments, basic raw materials, central excise duty, costlier due to import duty, higher duty structure, impacted growth of textile sector, import parity pricing policy, international price, MMF and filaments, SIMA, special additional duty, tariff protection, textile and clothing segment

The basic raw materials, MMF and filaments, were costlier by 23 to 30 percent due to 5 per cent import duty, four percent special additional duty, 12.5 percent central excise duty and anti-dumping duty on certain fibres and filaments, according to the Chairman of the Southern Textile Mills Association (SIMA).

This has impacted the growth of our nation’s textile sector. The MMF textiles and clothing exports accounted for 80 per cent and cotton textiles for 20 per cent in China, while in case of India it was totally opposite.

Related Keywords: available to other textile products, Coimbatore textile industry, conclude FTA, cotton policy announced by China, cotton yarn, fall in cotton yarn exports, Indian Texpreneurs Federation, introduce special debt restructuring scheme, SIMA, sought duty rationalization for manmade fibre, sought three percent export incentive, tap new markets

Coimbatore textile industry has sought three percent export incentive, which is now available to other textile products, for cotton yarn too. If three percent export incentive is available for cotton yarn, textile mills will be able to tap new markets.