26 March 2014
Indian cotton value-chain to form strategy to make cotton No 1
Cotton ginners, spinners, traders, exporters and policy makers would come together in Gujarat, the cotton capital of India, to devise strategies to make Indian cotton regain its leadership in the international market.
The "Back to Glory - An International Cotton Summit" scheduled in Ahmadabad on April 9,10 would see those involved in the cotton discuss how to make cotton an enabler in regaining India's position in the textile sector.
The conference is being organized by The Textile Association' (India) Ahmadabad unit, Textile Machinery Manufacturers' Association (India) and (India).
"Indian cotton was historically pre-eminent centre for cotton manufacturing until the industrial revolution. While Britain gained supremacy owing to mechanized textile machinery, India took a backseat in cotton. Commitments by Indian policy makers, agro scientists, farmers, ginners and the post Multi-Fiber Agreement brought in radical change in the status of cotton. Indian cotton however, has its own share of challenges. Price volatility for instance, is bothersome for the sector that is heavily dependent on the commodity," notes PR Roy, , Diagonal Consulting (India) and former group chief executive (textiles),
The conference will focus on global overview of cotton, developments in cotton seeds and practices in India, China's cotton growth story, cotton trading, spinning, ginning, branding, et al.
With over 3100 spinning mills, close to 200 composite mills and 175 large weaving operations, the Indian textile industry is currently operating with 48.5 mn spindles, over 7.8 lakh open end rotors and 66,000 shuttles-less weaving machines.
"Revolution in seeds, farm practices, advanced ginning and never-ending developments by the Indian and global spinning machinery sector have been making the entire cotton value chain believe that India can take the global lead in cotton by 2020.
Posted by Tanay Shah on March 26, 2014