The Indian Texpreneurs Federation, with a total membership of 35 spinning mills, has formed a consortium to purchase quality cotton from ginners of Maharashtra and Telangana with zero trash and low level contamination. Even one per cent savings by way of good quality, better pricing, timely purchase is expected to help the spinning sector reduce its cost of manufacturing.

The consortium, which requires 11 lakh bales per year, has purchased two lakh bales this year. It’s planning to buy four lakh bales during this cotton season, starting October, since raw material cost was the major factor in spinning mills’ manufacturing cost, ranging from 60 per cent to 70 per cent.

The consortium helps ginners reach the top performing mills on a single platform and get a guarantee on professional transactions and timely payments and honoring contracts. It has been able to partner with more than 50 ginners in Telangana and Maharashtra. This season Telangana is expected to produce 70 lakh bales of cotton and Maharashtra 100 lakh bales. Indian Texpreneurs Federation is an association of the Indian textile industry. Members represent the entire technical textile value chain from raw materials to finished goods producers, machinery manufacturers, consultants, centers of excellence and R&D institutes.