Cotton importers eye Kochi Port
The South India Mills Association and Indian Cotton Federation are looking to facilitate the import and re-export of containerised cotton through Kochi port. Kochi’s proximity to spinning mills in Coimbatore, which is less than 200 km away, prompted them to seek a storage facility in the port for the transhipment of containers to facilitate local sales and cotton imports. Moreover, the reduced tran- sit time to Kochi, especially from West and East African ports and the US, would make the port an attractive destination.
A lot of imports are being made to South India every year, and a majority of the consignments are handled at Tuticorin Port. However, Kochi has a cost advantage to millers in Coimbatore, and the closing down of Walayar check post after GST has resulted in the faster movement of cotton to production units.