Textile ministry has advised Cotton Corporation of India (CCI) to open additional cotton procurement centres in consultation with the state governments as and when required as envisaged under the Minimum Support Price (MSP) operation announced by the government.
For the cotton season 2014-15, CCI has planned to operate more than 340 procurement centres in 92 districts across 11 Cotton growing states in the country.
By the end of November, 2014 CCI has procured approximately 11,58,000 bales of cotton valued at around Rs. 2700 crore for market stabilisation and thereby alleviating farmers’ distress, textile minister, Mr. Santosh Kumar Gangwar today said in Lok Sabha in a written reply.