ITF cre­ates con­sor­tium of Te­lan­gana, Ma­ha­rash­tra and Kar­nataka

Apparel Online - - Tex-file -

In­dian Tex­preneurs Fed­er­a­tion (ITF) has cre­ated a con­sor­tium of 3 states – Te­lan­gana, Ma­ha­rash­tra and Kar­nataka – in ‘part­ner­ship’ with 25 top gin­ners of these states. To cre­ate more con­fi­dence and bet­ter un­der­stand­ing be­tween all the mem­bers of this con­sor­tium, rep­re­sen­ta­tives of these gin­ning firms vis­ited spin­ning units of

ITF’ mem­bers. ITF cot­ton team pur­chased 2 lakh bales in this cot­ton year from these se­lec­tive gin­ners and in the up­com­ing cot­ton year, their tar­get is to buy 4 lakh bales.

With a re­quire­ment for 1 crore cot­ton bales, Tamil Nadu needs stronger part­ner­ship with the cot­ton grow­ing states, so this ini­tia­tive of ITF is re­ally im­por­tant. This ini­tia­tive will ben­e­fit both the spin­ning mills as well as the gin­ners. The mills will get con­sis­tent qual­ity and bet­ter pric­ing by strong part­ner­ship with the gin­ners. It will be­come pos­si­ble for them to have pe­ri­odic dis­cus­sions on the tim­ing and quan­tum of pur­chase. While gin­ners can reach the top per­form­ing spin­ning mills on a sin­gle plat­form, they will have guar­an­tee of timely pay­ments. They will also be able to im­prove their process and qual­ity with con­stant feed­back from the spin­ning mills. ITF, based in Coim­bat­ore (In­dia), is a group of 400 mills, with a com­bined an­nual turnover of over Rs. 40,000 crore. Coim­bat­ore is one of the lead­ing tex­tile man­u­fac­tur­ing hubs of In­dia. ITF cot­ton mills in­clude 35 mills which con­sume 11 lakh cot­ton bales per year. Prabhu Dhamod­ha­ran, Con­venor, ITF ex­plained why they chose Te­lan­gana and Ma­ha­rash­tra, “We have lo­gis­tic ad­van­tages; both states are in­creas­ing cot­ton pro­duc­tion, be­sides the con­sumer-friendly at­ti­tude of the gin­ners of these states also mat­ter. In the last one year, we were able to work as part­ners in these 3 states and build trust and trans­parency.”

ITF Cot­ton Team

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