+917718880355

news

Govt reviews cotton availability position from time to time to avoid shortage

YarnsandFibers News Bureau 2017-07-21 10:00:00 – New Delhi

Government of India to control fluctuation in cotton prices and ensure availability of cotton for domestic mills has directed Cotton Corporation of India Ltd. to sell its stock of cotton (cotton season 2015-16), purchased under MSP, to Spinning Mills in the Micro Small Medium Enterprise (MSME) category.

The Minister of State, Textiles, Ajay Tamta in a written reply to a Lok Sabha question said that government reviews the cotton availability position from time to time.

He said that there is no shortage of cotton/yarn in the country. Adequate availability of cotton is ensured through domestic production and textile mills are able to source their requirement of cotton from the domestic market.

The Government has launched a Rs. 6000 crore Scheme for Production and Employment Linked Support for Garmenting Units (SPELSGU) under ATUFS to incentivize production and employment generation in the garmenting Sector.

Further, Government to enable the textile industry, including the small industries, to upgrade and make them competitive has been also implementing various policy initiatives and schemes like Technology Upgradation Fund Scheme (TUFS), Schemes for the development of the Power-loom Sector, Schemes for Technical Textiles, Scheme for Integrated Textile Parks (SITP) and Scheme for Integrated Textile Processing Development (IPDS).

Please Login to comment

Other services

Ask for free sample Report


why us?
21 yrs

experience

Fortune 500

Customer Base

100%

dedicated team

55+

Countries Served Worldwide


newsletter

Register below to receive our newsletters with latest industry trends and news!