Union textiles minister Dayanidhi Maran inaugurated two cotton sales depots at Coimbatore and Rajapalayam which have been set up by the Cotton Corporation of India Limited (CCI).
While speaking on the occasion in Coimbatore, Mr Maran said that these depots will store bales from cotton producing states like Gujarat and Maharashtra and sell to local mills.
Mills will be able to procure quality cotton from these depots at their doorstep, and this measure will enable the textiles mills to reduce the yarn cost by about Rs 2 per kg,
The minister said that to help small mills whose requirement is not very large, these depots will also sell minimum quantity of 50 bales of cotton. This initiative will redress the major problems facing the textiles mills -- particular spinning -- in Tamil Nadu, he said. |
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