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The National Stock Exchange of India Limited (NSE) signed an MoU with the MSME and textiles department of West Bengal government for supporting and facilitating alternate sources of funding through equity among the small and medium sector enterprises.

Functional cotton that have comfort and properties of synthetic fibres are being developed. Cotton shirts that may need no iron, protection characteristics and enhanced comfort are some of the functional properties that are being engineered to make cotton a high-performance fibre.

The MoU with MCX will enable ICF’s members to effectively participate in the exchange’s knowledge-sharing initiatives to understand the benefits, techniques and strategies of risk management using cotton futures contracts.