The seventh CEOs Conference, organized by the Southern India Mills’ Association (SIMA) in Coimbatore recently focused on sustainability of the textile industry. In his welcome address at the conference on the theme “A Road Map to Sustainability”, SIMA Chairman T Rajkumar suggested that textile mills should make investments in value-added processes like weaving, processing, garmenting, made-ups and technical textiles, as the country has adequate spinning capacity. He said the Government of China’s policy of supplying cotton at subsidized prices to its spinners from its reserves was one of the reasons for the downfall in international cotton prices, which is also impacting Indian yarn market. He advised mills to avoid panic selling, as cotton yarn export registration has already reached 130 million kg during August 2014, as against 72 million kg and 83 million kg for June and July 2014, respectively.
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