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Aug 25, 2009

CCI aksed to setup sale depots !

The textile ministry has asked Cotton Corporation of India (CCI) to set up sale depots at Coimbatore and Madurai in Tamil Nadu in order to control the rise in the raw material price, Speaking at the Platinum Jubilee Celebrations of Southern India Mills Association (Sima) at SITRA auditorium here on Saturday, the Union Textiles Minister Dayanidhi Maran said CCI would set up sale depots in Tamil Nadu in the coming 2009-10 cotton season itself (October-September) .

The depots will store cotton bales from producing states like Gujarat and Maharashtra and sell them to local mills. The minister expected the measure to benefit the local mills obviating the need to import cotton. Availability of cotton at doorsteps will reduce production cost of yarn by about Rs 2 per kg. But, he wanted the mills to pass the benefit through the value chain.

Earlier, Sima chairman Dr K V Srinivasan appealed to the minister for easing the supply of raw materials and make them available at competitive prices. Later in the day, after inaugurating the four modernized mills under National Textile Corporation (NTC, Mr Maran said, the ministry has instructed NTC to look at the option of manufacturing technical textiles in its existing units in Coimbatore.

"NTC will soon submit a project feasibility report for manufacturing medical textiles or geo textiles or agri textiles in one of these mills," he added. The minister also urged the industry, particularly the conventional textiles sector, to make efforts to create more marketing and technical awareness on technical textiles products. He said , the government will set up a speciality centre of National Institute of Fashion Technology (NIFT) here to cater to the needs of local industry and provide design, technology and management inputs for individual units as well as for the industry.

"NTC will hand over its 7-acre land to NIFT to set up the campus which will also host the centre for apparel and textiles studies (CATS)," he added.

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