Sale of imported cotton commences at Tuticorin Port
With the demand for imported cotton increasing due to quality issues in locally sourced cotton, the union ministry of shipping has facilitated the setting up of trans-shipment facility at the Tuticorin Port for storing around 250 containers of cotton. Cotton can be stored for up to 30 days for free of cost and another 60 days at a discount charge with freedom to sell the cotton either in India or any other country depending upon the demand. The facility would enable MSME category spinning mills to have direct and daily access to imported cotton. Spinning mills in Tamil Nadu consume about 120 lakh bales of cotton per year.