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On Monday (March 26), BusinessLine, in association with India’s leading commodity bourse Multi Commodity Exchange of India, is organising a conclave in Coimbatore bringing key stakeholders of the physical cotton textile market – spinners, weavers, processors, apparel makers and exporters to brainstorm on the challenges facing the industry and bring out solutions.
The conclave will be held at Radisson BLU, Peelamedu.
The key note speech will be delivered by G Chandrashekhar, an independent commodities expert. The special address will be given by J Thulasidharan, President, Indian Cotton Federation.
A panel discussion on the subject – “Is Indian Cotton textiles losing its competitiveness?” will be held with renowned businessmen and experts from the city including – S Dhananjayan, a senior auditor and advisor to Tirupur Exporters’ Association; Prabhu Damodaran, Convenor, India Texpreneurs Federation; S Susindaran, Chief Executive Officer, Kay Ventures; Suresh Manoharan, Secretary, Perundurai SIPCOT Textile Processors Association; R Venkatesan, Deputy General Manager and Divisional Head, Coimbatore-Karur Vysya Bank; and Deepak Mehta, Head – Agri & Energy, MCX.
Rajalakshmi Nirmal, Deputy Editor, BusinessLine , will moderate the discussion.
The discussion will focus on various issues including rising cost of production, exchange rate risks, government policies and tariff structure and ways to address the challenges in value-addition to create demand for domestic cotton textiles in the global market.
Speakers will also highlight how textile mills can effectively hedge their price risk through the commodities exchange platforms to reduce loss.
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