India-based Parekh Group is currently developing its new yarn trading division Parekh Fibers Pvt. Ltd. The new division will supply all types of cotton, polyester, viscose and jute blends pan-India and also internationally. Director of the new division, Simran P Parekh discusses cotton and PET waste, the idea behind the yarn trading division, governmental support and more.
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One of the largest trading houses in south India, the Parekh Group trades in spinning waste and in all varieties of cotton, polyester, polyester viscose, denim and other synthetic wastes. After strongly establishing its network across India, Parekh Textiles now plans to enter the offshore market as a part of its business expansion plans.
The Vasantrao Naik Sheti Swavalamban Mission (VNSSM) President Kishore Tiwari has sent a memorandum to the Prime Minister Narendra Modi on the issue, requesting that before taking any decision to revoke import duty on cotton, the plight of the Indian cotton farmers should be borne in mind.