Apex trade body for cotton in India, Cotton Association of India (CAI) has signed an MoU with International Cotton Association (ICA) to increase co-operation and address quality issues. Headquartered in Liverpool, ICA is the world’s leading arbitral body for cotton. Majority of cotton trading across the world is done as per the ICA by-laws. Currently, an ICA delegation comprising Alex Hsu, President and Bill Kingdon, Managing Director is meeting various stakeholders in India.
As per Atul Ganatra, President, CAI, the MoU between the two trade bodies focuses on organizing yearly meetings to discuss mutual interest issues and increasing co-operation between the two trade bodies. It also includes organization of training programs in India; exchanging and disseminating available information, liaising with the government to addressing quality-related issues. The ICA delegation also discussed a proposal to organize training programs in India, ICA Bremen certification of a few CAI laboratories and their recognition. It also discussed a proposal to organize events, adopt by-laws for amending the CAI by-laws relating to international trade, etc, says Ganatra.
The delegation also plans to meet members of Confederation of Indian Textiles Industry (CITI), North India Textile Mills Association and multinational cotton companies. It also plans to visit the Central Institute for Research on Cotton Technology.
