Ashwin Chadran of SIMA has stated that the Ministry is also planning to launch a scheme “Nirmal Cotton Mission†with CCI as a nodal agent that would go a long way to make Indian cotton to become the best quality cotton in the world.
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The textile industry is keeping its fingers crossed over the emerging threat of coronavirus in the months to come.
The textile industry is keeping its fingers crossed over the emerging threat of coronavirus in the months to come.
The textile industry is keeping its fingers crossed over the emerging threat of coronavirus in the months to come.
India became the largest producer of cotton in the year 2014-15 and continues to be the leader in cotton production in the world by accounting 37 per cent area under cotton.
The textile industry has been demanding for the abolition of anti-dumping duty (ADD) levied on PTA, the basic raw material used for the manufacture of polyester staple fibre and filaments, to remain globally competitive.
The Minimum Support Price (MSP) was steeply increased by 26 per cent to 28 per cent CCI had to exercise MSP operation during the current season.