The cotton sector in India needs comprehensive studies on challenges, requirements, and scope to increase production, and with this in view the Indian Cotton Federation has organised a two-day conference on ‘Indian Cotton Scenario in the Current Context 2016-2017’ on August 19 and 20 at Coimbatore. About 400 people, including cotton ginners, traders, textile industry representatives and brokers are expected to participate at the conference. They will deliberate on cotton area, demand, supply and price situations, and sustainable management practices.
The two-day program will have panel discussions for ginners, brokers and spinners. Talks will also be held on cotton textile eco-system, global scenario, hedging, arbitration, challenges in cotton production, modern trends in spinning, and funding cotton purchase. Later, the association plans to submit their suggestions to the Union Textile Minister.
President of Indian Cotton Federation J Thulasidharan said action can be taken to increase productivity, control price volatility, ensure attractive prices to farmers and streamline exports and imports only when all stakeholders are consulted and a comprehensive study of the sector is done. The Central Government should come out with an export policy for cotton. Based on estimates of the Cotton Advisory Board (CAB), the government should take decisions on exports, observed P Nataraj, VP of the Federation.
