Cotton industry has urged to come up with a possible proposal to develop improved seed varieties and farm practices to achieve high productivity and reduce diseases.K Sambasiva Rao, Union Minister for Textiles, has urged the Indian cotton industry to come up with a roadmap to double its cotton production.He expressed his views recently in an interactive session with stakeholders of the cotton value chain which comprised of Confederation of Indian Textile Industry (CITI) and South India Mills Association (SIMA). During the session, stakeholders of the cotton value chain emphasized the need for a stable and transparent policy in the cotton distribution.
The industry also sought the support of the government to make the working capital available to the mills at easier terms for procurement of cotton, during the peak arrival seasons in order to stabilize the prices which will also avoid the need for MSP operation. The industry also felt that government should reintroduce intervention under the erstwhile Technology Mission on Cotton (TMC) for improving the market yards and ginning and pressing mills.
The Cotton Textiles Export Promotion Council (TEXPROCIL) and Cotton Association of India (CAI), presented their views on the global and domestic cotton scenario and potential of Indian cotton value added products exports in the emerging competitiveness of Indian industry in the session. The new cotton season (year 2013-14) begins on 1st October, 2013.
