The record
Written from the 1 report below. Nothing here is unsourced.
- The Tirupur Yarn Manufacturers Association requested that the Cotton Corporation of India maintain cotton stocks to stabilize prices similarly to China's reserve model.
- Spinning mills are facing financial strain due to high cotton costs, sluggish exports, and long payment cycles from garment manufacturers.
- The association is advocating for the removal of an 11% import duty on cotton to alleviate these pressures.
- These measures are intended to address working capital imbalances and enable modernization in the spinning sector.
What to watch next
- Potential government decision on removing the 11% cotton import duty
- Proposed structural changes to the Cotton Corporation of India
- Developments in payment terms between spinning mills and garment manufacturers
Who said what1
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Tirupur Yarn Manufacturers Association
1 quote · 1 outlet
“We seek your cooperation in ensuring a more balanced payment mechanism across the value chain, particularly in view of the prevailing financial pressures on the spinning sector”
In the article
…sector for total removal of the 11% import duty on cotton and modifying the role of the CCI. The garment industry should also ensure timely payments to the spinning mills within the mutually agreed credit terms. “ We seek your cooperation in ensuring a more balanced payment mechanism across the value chain, particularly in view of the prevailing financial pressures on the spinning sector ,” the yarn manufacturers association said. Published - September 20, 2026 12:42 am IST…
Coverage1
All filed from India
Named India · Cotton Corporation of India · Apparel Export Promotion Council · China National Cotton Reserves Corporation · Sakthivel · Subramanian · Tiruppur Exporters Association · Tirupur Yarn Manufacturers Association
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