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

The Tirupur Yarn Manufacturers Association has called for support from garment units and the Union government to modify the role of the Cotton Corporation of India (CCI). The association argues that CCI should procure cotton from farmers at Minimum Support Price, maintain stocks, and support the textile industry with stable raw material prices.

This comes as cotton prices have increased significantly, both domestically and internationally, leading to a decline in yarn prices. The association also points out the imbalance in working capital across the textile value chain and the lack of modernization among spinning mills. They are seeking the garment industry's support to remove the 11% import duty on cotton and modify the role of the CCI to ensure a more balanced payment mechanism across the value chain.

Brief written by urgent.news from The Hindu's own syndicated text. Machine-written — may contain errors; check the original before relying on it.