Home / Knowledge / News / Textiles / CCI procures nearly 25 lakh cotton bales by mid-December
CCI procures nearly 25 lakh cotton bales by mid-December
19
Dec '14
The Cotton Corporation of India (CCI) has purchased nearly 25 lakh bales (of 170 kg each) of cotton from the farmers at the minimum support price (MSP) fixed by the Government.
 
The prices of lint cotton during the current season that began on October 1, 2014, have been 13 per cent to 30 per cent lower than the prices of cotton from corresponding period in last year, thereby affecting the farmers, Minister of State (Independent Charge) of Textiles Santosh Kumar Gangwar said in a written reply in Lok Sabha, the lower house of the Indian Parliament.
 
According to the information given by the Minister, the CCI has purchased 24,93,400 bales of cotton as on 14th December, 2014, which is more than the total cotton procured by the CCI in the previous three seasons.
 
In 2011-12 cotton season, CCI had procured only 7,696 bales of cotton, followed by purchase of 22,86,423 bales in 2012-13, and 40,813 bales in 2013-14.
 
To safeguard the interests of farmers and to stabilize the prices of cotton in the market, the Indian Government has taken various steps, including fixation of MSP. The Government has issued directives to CCI for undertaking necessary action for MSP operations, giving particular attention to specific areas which include giving wide publicity of MSP of cotton fixed and details of procurement centres opened by CCI for MSP operations, opening of additional purchase centres as per requirement, and constant monitoring of the operations in each centre on a daily basis by the CCI.
 
In addition, state agencies, district magistrates and other state government officials, public representatives of the Panchayati Raj bodies and members of Parliament have been requested to provide active support for the smooth carrying of the MSP operations, the minister said. (RKS)
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 24th Jul 2017

Govt extends deadline for GST composition scheme to Aug 16

The Government on India has extended the deadline for small...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Madhu Jain
Madhu Jain

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

Judy Frater
Somaiya Kala Vidya

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

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

July 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

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

Yes No

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

Yes No

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


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



X