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Tuesday, 31 May 2022

Textile Advisory Group meeting held in Mumbai (India) discusses various issues

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Union Minister of Textiles, Commerce & Industry Piyush Goyal held an interactive meeting with the newly constituted Textile Advisory Group in Mumbai.

UP Singh, Secretary (Textiles),initiated deliberations with the Textile Advisory Group which has senior officials from Agriculture & Farmer’s Welfare, Commerce, besides consisting of officials from research and development sector and senior officials of Cotton Corporation of India Ltd (CCI).

Notably, the whole textile value chain was represented in consultations through lead associations and experts in the meeting.

The core issue of seed quality was deliberated at length with dedicated action for current season. Joint Secretary, Seeds intimated that a sufficient quantity of seed is available to meet the domestic requirement. Industry opined needs to distinguish right from wrong types.

While addressing the approaches for augmentation in short term by import, UP Singh advised industry to approach Ministry of Agriculture & Farmers’ Welfare for procedural requirements to enable import from some destinations.

Piyush Goyal directed the concerned authorities to finalise early the matter of extending the period of wavier of import duty up to 31 December 2022.

Suresh Kotak, Chairman of the Textile Advisory Group & renowned veteran cotton person, stressed on the need to ensure seed availability for sowing, especially new early maturing varieties and the need to revamp the seed system to enhance productivity of Indian cotton from present stagnation.

He elaborated on possible approaches to augment the availability of cotton related to stock possibilities domestically and from other countries adding that position on the availability of cotton now was brought out and request was made to help logistics to ensure shipping in time from three sources internationally.

“As per estimates of Committee on Cotton Production and Consumption, carry over/closing stock is 41.27 lakh bales, which is about 12.66 per cent stock to use ratio and equivalent to stock for 45 days consumption,” he said.

Addressing the need of accuracy of statistics across the value chain to enable policy decision, trade facilitation, traceability, etc., the Minister directed that a portal be created with inputs of Cotton Association, Ginners as well as Confederation of Indian Textile Industry & the Southern India Mills’ Association.

Source : https://in.apparelresources.com/

 

    
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