According to Dayanidhi Maran, Union Minister of Indian textile industry has made an announcement that a temporary ban will be imposed on the exports of cotton so as to ensure availability of abundant raw material for the domestic spinning mills. During the speech given at SIMA, Southern India Mills Association at the month of November, Maran accepted that prices of cotton has been adversely affected by the prevailing global cotton shortage of around 1.5million ton. Estimates given by SIMA officials show that the domestic need for cotton is around 170kilograms that is 260lakh bales per year. Cotton Advisory board is projecting production level up to an amount of 295lakh bales this year, with a slight fear of supply cut in the major cotton growing areas due to the bad weather.
An international project is also launched by Maran for developing strong demand in the domestic as well as foreign markets for jute geo-textile material. Geo textile is said to be a versatile and effective material ideal for stabilizing the soil during the construction road-building projects. Indian government has planned around $78.5billion specifically for the development of roads during the coming 5 years. Dayanidhi Maran is expecting better returns from jute geo textile material’s role and performance in development process. Indian jute industry that is employing workers in poverty and plagued, is required to standardize its range of products for competing in international markets and meeting their standards.
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