Sale of im­ported cot­ton com­mences at Tu­ti­corin Port

Maritime Gateway - - Brief News -

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.

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