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India to build buffer stock of 1mn cotton bales
17 May '12
1 min read
Smt. Panabaaka Lakshmi, Minister of State for Textiles has informed that government of India has directed the Cotton Corporation of India to build a buffer stock of 10 lakh bales of cotton in order to meet the lean season requirements of the Textiles Industry.
These buffer stocks would not only ensure availability of adequate raw material for the textiles industry in the months of June-September 2012 but also enable cotton farmers to receive reasonable prices for their produce.
In pursuance of this decision Cotton Corporation of India has commenced commercial procurement operations in the States of Gujarat, Maharashtra & Andhra Pradesh.
These buffer stocks would not only ensure availability of adequate raw material for the textiles industry in the months of June-September 2012 but also enable cotton farmers to receive reasonable prices for their produce.
In pursuance of this decision Cotton Corporation of India has commenced commercial procurement operations in the States of Gujarat, Maharashtra & Andhra Pradesh.
Ministry of Textiles
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