Cotton Corporation of India (CCI)
- November 11, 2021
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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Cotton Corporation of India (CCI)
Subject – Economy
Context – Cabinet okays Rs 17,409 crore to CCI for cotton procurement in 7 seasons to 2020-21
Concept –
- 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.
- The major role of the CCI is to undertake price support operations, whenever the market prices of cotton falls below the minimum support prices (MSP).
Cotton
- Cotton is a kharif crop which requires 6 to 8 months to mature. Its time of sowing and harvesting differs in different parts of the country depending upon the climatic conditions.
- Cotton is the crop of tropical and sub-tropical areas and requires uniformly high temperature varying between 21°C and 30°C. The growth of cotton is retarded when the temperature falls below 20°C.
- Cotton is a drought – resistant crop ideal for arid climates and requires an average annual rainfall of 50- 100 cm.
- It requires at least 210 frost free days in a year.
- It occupies just 2.1 % of the world’s arable land, yet it meets 27% of the world’s textiles need. In addition to its fibre used in textiles and apparel, food products are also derived from cotton like edible oil and animal feed from the seed.
- India is the second largest producer of cotton in the world after China.
- Between 2011 and 2018, India implemented a Cotton Technical Assistance Programme (Cotton TAP-I) for seven African countries namely Benin, Burkina Faso, Mali and Chad and also Uganda, Malawi and Nigeria.
- The technical assistance focused on improving the competitiveness of the cotton and cotton-based textiles and apparel industry in these countries through a series of interventions which had significant outcomes leading to a demand for a follow on project.