India'S Textile Minister Said Cotton Prices Will Stabilize In December 15Th.
Federal Minister of textiles of India
Ma Lang said today that cotton prices will stabilize in December 15th. He urged the spinning industry not to drill the loopholes of the current situation and create "inappropriate problems".
He said, "I tell you that there are some problems in the textile sector."
The basic problem is the shortage of raw materials, that is, cotton.
Marang told the media that the government had made some decisions and he hoped the situation could ease over the next few weeks.
He said: "we hope to December 15th.
Cotton price
Steady. "
Earlier, Ma Lang asked industry groups not to take advantage of the current situation, because cotton prices have gradually stabilized.
He said: "before the price of cotton yarn has stabilized, I urge you not to make any loopholes and not create inappropriate problems for the weaving enterprises under the current situation.
The government is very concerned about weaving enterprises.
He said that the Ministry of textiles's technology renewal Fund (TUFS) was designed to help.
Small businesses,
He said that by the end of the year, the cabinet of the government will make a clear proposal, which will meet the requirements of the industry.
The government's proposals aim at introducing the most advanced technologies for small businesses.
Existing enterprises, whether expansion or not, and new enterprises are eligible to participate in TUFS.
Marang officially launched the "comprehensive textile garden plan" roadshow, under which a joint partnership between public and private enterprises was formed.
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