Government asks CCI to offer discount on cotton price, selling it below procurement price


Date & Time: 2020-03-04 12:30:51

The Cotton Corporation of India, has been exercising commercial cotton operations and cotton minimum support price operations to protect the interests of the cotton farmers and the predominantly cotton based textile industry. CCI had to exercise MSP operations during the start of the 2018-19 season. PUNE: Ashwin Chandran, Chairman, the Southern India Mills Association has thanked Union Textile Minister Smriti Zubin Irani for the intervention, enabling CCI to offer volume based bulk discounts for its 2018-19 cotton and protecting the interests of MSME spinning mills by offering the discounts from 500 bales and restricting the same at 10,000 bales