Cotton Corporation of India

  • March 11, 2023
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
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Cotton Corporation of India

Subject :Polity

Section: National body ( Statutory Bodies)

Concept :

  • The Cotton Corporation of India (CCI) will procure fair average quality (FAQ) grade cotton from farmers till March 31 for the 2022-2023 cotton season.
  • The CCI said in a press release that the minimum support price (MSP) scheme provides an alternative marketing channel for cotton farmers to sell FAQ-grade cotton at MSP rates.

About Cotton Corporation of India

  • Cotton Corporation of India was established in 1970 under Companies Act 1956.
  • It’s a Government of India’s corporate agency, engaged in diverse activities related to trade, procurement, and export of cotton.
  • CCI is governed by Textile Policy 1985 issued by Ministry of Textiles, Government of India.
  • CCI operates in the following states as of now – Punjab, Haryana, Rajasthan, Gujarat, Maharastra, Madhya Pradesh, Andhra Pradesh, Karnataka , Tamil Nadu and Orissa.

For notes on Cotton Crop, refer – https://optimizeias.com/herbicide-tolerant-cotton-set-to-get-recommendations-for-release/

COTTON CORPORATION OF INDIA Polity