TN mills seek partnership with cotton growing states

The visiting ginners discussed advantages for them as well as the mills by forging a partnership with managing directors of spinning mills in Tiruppur, Dharapuram, Annur, Sathy, and Kangeyam.

The visit helped ginners understand the user industry needs and changing requirement of trade, and the trade dynamics from user point of view. They also discussed the next year cotton trend and purchase plans, and evaluated a strategy to focus more on contamination controlled cotton, according to an ITF press release.

It is for the first time that the textile industry is looking for close partnership with ginners to improve quality of Indian cotton. It started with 35 of the 400 ITF member mills coming together to jointly purchase cotton. It is because raw material (cotton) cost is the major factor in spinning mills manufacturing cost, often ranging from 60 per cent to 70 per cent. So, even one per cent savings by way of good quality, better pricing, or timely purchase can help the spinning sector reduce its cost of manufacturing. (RKS)

ALCHEMPro News Desk – India