The Indian Cotton Federation ( ICF ) is organizing a conference on “Indian Cotton Scenario in the Current Context 2016-2017” at Coimbatore on August 19 as the cotton sector needs a comprehensive study on challenges, requirements and scope to increase production.
About 400 people, including cotton ginners, traders, textile industry representatives, and brokers are expected to participate in the two-day conference. They will deliberate on cotton area, demand, supply and price situations, and sustainable management practices.
The event 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 plans to submit its suggestions to the union textile minister after the meeting.
ICF president, J. Thulasidharan said action can be taken to increase productivity, control price volatility, ensure attractive prices to farmers, and streamline exports and imports.
Industry leaders feel that the centre should come out with an export policy for cotton. Based on the estimates of the Cotton Advisory Board, the government should take decisions on exports. 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.
– Apparel Talk, Indian Apparel