Tiruppur yarn producers seek support from garment units to modify role of CCI

The Tirupur Yarn Manufacturers Association has called for support from the garment units in seeking steps by the Union government to change the role of the Cotton Corporation of India (CCI).

The China National Cotton Reserves Corporation maintains more than a year’s cotton stock and ensures stability in cotton prices. The CCI should, as such, not only procure cotton from the farmers at Minimum Support Price but also keep stocks and support the textile industry with stable raw material prices, the association said in a memorandum to the Apparel Export Promotion Council (AEPC) and the Tiruppur Exporters Association (TEA).

Office-bearers of the Tirupur Yarn Manufacturers Association met A. Sakthivel, chairman of the AEPC, and K.M. Subramanian, president of the TEA, on Saturday (September 19). They pointed out that many garment buyers and brands nominate specific ginners for cotton procurement, leaving spinning mills with limited access to credit.