India

About 500 textile mills affiliated with the South India Spinners Association (SISA) say they will cease their sales and deliveries of yarn during the third week of August in an effort to help stabilize prices. The move comes after the head of the organization accused some yarn traders of undervaluing their products, which pushed prices down and took a bite out of the revenues of spinning mills. Additionally, all members of the SISA have agreed to take part in a one-day production stoppage to raise awareness to the government about the troubles they are facing. (Fibre2Fashion)
 
The Tirupur Exporters Association (TEA) is praising a move to relax documentation requirements for export products, including textiles. In a statement Dr. A. Sakthivel, head of the TEA, said that he has been working with India’s Commerce Minister for some time to ease the paperwork requirements, which he says were hampering the flow of exports. (Fibre2Fashion)
 
The head of the Southern India Mills’ Association (SIMA), T. Rajkumar, has appealed to Prime Minister Narendra Modi to push for new legislation to make India’s textile industry more competitive on the world stage. During a recent press conference, Mr. Rajkumar noted that India could attract billions in additional investment over the next 5 years if the right policies are in place, like the utilization of surplus labor and material resources like extra cotton supplies and spinning and weaving capacity. He also said that while numerous Indian states have implemented their own similar policies locally, a harmonized national effort is necessary to achieve real results. (Fibre2Fashion)