Centre urged to set up Cotton Corporation of India depots in TN districts

COIMBATORE: The South India Spinners Association (SISPA) has urged the Union textiles ministry to establish Cotton Corporation of India (CCI) depots in key districts of Tamil Nadu.

At the 34th annual general body meeting of SISPA held in Coimbatore on Sunday, its newly elected president, R Arun Karthik, highlighted the challenges faced by spinning mills. He reiterated SISPA’s demand that CCI sell cotton in the domestic market at prices aligned with international market rates, a move the association believes is critical to enhancing the industry’s competitiveness.

“Although certain industries in Tamil Nadu receive power subsidies, the industrial power tariff in the state is Rs 9.04 per unit, which is higher compared to other states such as Karnataka (Rs 7.75) and Maharashtra (Rs 7.38), thereby affecting the competitiveness of energy-intensive industries,” he said.

He urged the Tamil Nadu govt to immediately implement a power incentive scheme on a per-unit consumption basis to create a level playing field with other states and enhance the state’s industrial competitiveness. He called for the permanent abolition of network charges levied on industries generating rooftop solar energy.