Cotton Council International (CCI) is organising an invitation only seminar on April 10, 2015 at the Trident Oberoi, Mumbai. The seminar to be held in the evening, will offer useful insights on global cotton scenario and cotton textile industry. Industry experts and key decision makers are expected to discuss how India can take the lead in driving cotton consumption and how cotton would continue to steer the growth of Indian textile industry.
At the COTTON USA ‘seminar evening’, CCI and Supima will provide information about global cotton market and sourcing along with unique promotional and marketing services that US cotton industry offers. Sean Callanan, Manager, Global Operations, CCI, would present his views on economic outlook for global cotton production and consumption with update on US cotton and key cotton consuming nations.
‘Supima’ often referred to as ‘Cashmere of Cottons’ is acknowledged as a premium fibre with exceptional attributes like: softness, strength and brilliance of color to produce luxury products. In 2014, American Image Awards honoured Supima as the premium fibre brand of the year. Marc Lewkowitz, Executive VP, Supima, would share his thoughts on how Supima has successfully collaborated with the global premium brands and retailers.
In 2015-16, Indian mills are projected to consume 5.4 million metric tons of cotton fibre, this is 22 per cent of global cotton fibre consumption. Cotton consumption of Indian textile mills have grown at a CAGR of five per cent in the last five years. This also happens to be one of the most challenging periods for the cotton industry. Cotton textiles have contributed significantly to India’s exports, this is also supported by international trade theories. According to Ricardo’s principle of Revealed Comparative Advantage (RCA) which is amongst one of the most important concepts among international trade economics, the RCA of Indian cotton textiles increased from 1.97 to 3.12 in the last five years. This highlights India’s competitiveness in cotton textiles. In 2014, Indian textile industry surpassed the $100 billion benchmark, to add another $100 billion, India needs to gear up its cotton textile exports and the domestic retail consumption.
At COTTON USA’s panel discussion in Mumbai eminent members from various sectors of cotton textiles value chain would share their thoughts on: ‘How India can take a leadership position in cotton consumption in the near future’. CCI is also organizing a fibre and yarn exposition to promote a revitalised brand vision emphasising US cotton’s purity, quality and responsibility. COTTON USA works with quality manufacturers from across the world to ensure the consumer gets the best quality along with the brand. COTTON USA works closely with more than 12 licensees in India across all major product groups this includes yarns, apparel fabrics and home textiles.
Responsible and transparent fibre sourcing is an integral part of the COTTON USA marketing and licensing program, which operates globally and offers a wide range of services. CCI’s sourcing program supports buyers in sourcing COTTON USA, from raw material to the end product, with a focus on responsible cotton production and sourcing through participation in the Cotton LEADSTM program.
