New Delhi, Feb. 13 -- The government facilitates the availability of cotton to the domestic textile and spinning industries through the release of stocks procured by the Cotton Corporation of India (CCI) under Minimum Support Price (MSP) operations, said Minister of State for Textiles, Pabitra Margherita in written reply to a question in the Rajya Sabha today.
These stocks are sold through a transparent online e-auction system to enable competitive price discovery. MSP for cotton is declared annually to safeguard farmers' interests when market prices fall below the support level and to ensure sustained cotton production.
To enhance cotton productivity, quality and farmer incomes, several policy and programmatic interventions have been u...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.