Home / Knowledge / News / Textiles / Govt allocates Rs 14.73 bn to CCI to meet losses
Govt allocates Rs 14.73 bn to CCI to meet losses
10
Sep '09
Allocation of Rs.1473 crore under Non-Plan Grant to meet the losses in disposal of Cotton procured under Minimum Support Price (MSP) Operations by the Cotton Corporation of India(CCI).

In recognition of the importance for assuring a reasonable price to cotton farmers, motivating them to adopt improved technology and to promote investment in farm enterprises, Minimum Support Price (MSP) is fixed by the Government of India and the same is perceived by the cotton growers as a guarantee price for their produce.

The implementation of the decision will not only ensure remunerative returns to the cotton growers without quantitative restriction and devoid of exclusion but will also enable the Cotton Corporation of India (CCI) for smooth conduct of MSP Operations during the cotton season 2008-09. It will also enable the CCI to meet anticipated losses to be incurred on procurement of raw cotton from the farmers.

Press Information Bureau

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Apparel/Garments | On 25th Mar 2017

Net sales at Christopher & Banks fall 10% in Q4

Net sales totalled $85.0 million for the fourth quarter ended January ...

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Paolo Ocleppo
Sandvik Hyperion

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

news category


Related Categories:
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search