Home / Knowledge / News / Textiles / Haryana cuts market fee on cotton by 60pc
Haryana cuts market fee on cotton by 60pc
19
Nov '11
With an aim to help cotton growers in the State to make more money and to end diversion of crop to other bordering States, the Haryana government has reduced the rural development fund and market fee on cotton.

While the market fee has already been reduced by 60 percent from 2 percent to 0.80 percent, the State government has agreed to slash the contribution towards rural development fund from 2 percent to 0.80 percent, which is likely to be made effective soon, a top official of the Haryana Agricultural Marketing Board said.

Such reduction in the market fee and rural development fund would bring parity with the rates prevalent in Rajasthan and lesser than that in Punjab, thus dispiriting the cotton growers to sell their produce in bordering States, the official said.

Till recently, Haryana subjected cotton to a levy of two percent rural development fund and two percent market fee, while Punjab and Rajasthan were charging 2 percent and 1.6 percent rural development fund and market fee, respectively.

Welcoming the State government's initiative, Haryana cotton ginners said such reduction in charges would help the cotton growers to earn an extra income of Rs. 100 per quintal at a rate of Rs. 4,000 per quintal.

As market fee and rural development fund charges have been slashed below or made at par with those prevailing in other neighbouring States, the domestic cotton growers would now not go to Punjab or Rajasthan for selling their produce, which would boost arrival of crop in Haryana markets, a senior member of Haryana Cotton Ginners Association said.

However, the ginners stated that cotton arrival in Haryana mandis during the current season will be less than nine million quintals compared to last season's 4.2 million quintals.

The move of reducing the charges has come after continuous demand of cotton ginners for slashing these charges. Around 140 cotton ginners of the State had resorted to open-ended strike during the month of August with the same demand, and had winded up their month-long agitation only after the State Chief Minister assured that their demands would be favourably considered.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 25th Sep 2017

SVP Group to build $300 mn spinning plant in Sohar

ShriVallabh Pittie Industries (SVP) Group, a diversified yarn...

Apparel/Garments | On 25th Sep 2017

Vietnam textile sector to gain if EU FTA gets ratified

Experts feel the Vietnam-European Union (EU) free trade agreement...

Courtesy: Business Wire

Textiles | On 25th Sep 2017

Invista to use ADN technology at joint project in France

Invista, a leading producer of chemical intermediates, polymers, and...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search