National

SIMA to consider storing imported cotton at Mangalore port warehouse

Our Bureau Coimbatore | Updated on January 23, 2018

T. Rajkumar



The Southern India Mills’ Association is exploring the possibility of utilising warehousing facilities at the Mangalore port to store the cotton imported from West Africa.

“The congestion at the ports that are currently being used here has prompted us to look a more cost effective storage option. The textile mills in Tamil Nadu import significant volumes of West African cotton to manufacture knitted garments,” SIMA Chairman T Rajkumar said in a release. To understand the warehousing facilities and other issues (at Mangalore port), the apex body of textile mills in the South – SIMA, along with members of South India Spinners Association (SISSPA), traders and liners held discussions with the officials of Mangalore Port trust and its Chairman PC Parida at SIMA office late last week.

Stocking of cotton

According to SIMA release, the port authorities evinced interest to stock imported cotton at economical rates.

“We have requested the Port Trust Chairman to extend customs-free bonded warehouse for cotton without attracting any tax/levies as in Malaysian port so that the traders can store the imported cotton and supply to the small and medium spinning units whenever there is a requirement,” Rajkumar said, adding, “And they have assured to take all the necessary steps after getting the clearance from the Centre.”

Port handling charges, wharfage and demurrage are lower in Mangalore Post, he said.

Published on April 14, 2015

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

null
This article is closed for comments.
Please Email the Editor

You May Also Like