Textile Industry demands buffer stock for cotton

With rising volatility in cotton prices and aggressive neighbours in textile exports, the domestic industry has sought to create a buffer stock in cotton to ensure stability in cotton prices. India is already losing orders to Bangladesh and it is in danger to fall below Vietnam in garment exports. However, any such move will affect cotton growers at the mercy and textile industry should come together to create back integration programme to strengthen its raw material inputs. There are many arguments to question this cotton banking strategy. Further, many experts view that though it is a good idea, it wants the textile industry to come forward to create a buffer stock