Sign In
Learn bits
Economy
Mahesh

23/05/22 14:38 PM IST

Cotton Council of India

In News 
  • The Union Government has announced the formation of the Cotton Council of India under the Chairmanship of renowned veteran cotton man Suresh Bhai Kotak.
Cotton Council of India 
  • Objective - to resolve the issues related to cotton & yarn pricing and bring substantial improvements in the sector.
  • The first meeting of the proposed council has been scheduled for 28th of this month.
  • The council will discuss, deliberate, and prepare a robust action plan for bringing out a tangible improvement in this field.
Cotton Export
  • In 2021-22, the Cotton textile exports, including raw cotton were USD15.29 billion.
  • The cotton prices increased by more than 100% during the last one and half years.
  • One of the major reasons for an increase in cotton prices is unchecked exports.
  • More than 60% of cotton and cotton yarn are exported to countries like Bangladesh and Vietnam, which are competitors for India in the textiles sector.
Source- PIB 

More Related Current Affairs View All

17 Sep

Reasons Behind the heavy rain in Uttarakhand, Himachal

'Dehradun and several other districts in Uttarakhand have experienced very heavy rainfall over the past few days, triggering landslides in multiple areas and causing rivers to swel

Read More

08 Sep

Rajasthan’s coaching centre Bill

'The Rajasthan Coaching Centres (Control and Regulation) Bill, 2025, is a significant piece of legislation passed by the Rajasthan Assembly to regulate and oversee the state's burg

Read More

28 Aug

IADT-1

'Recently, the Indian Space Research Organisation (ISRO) successfully carried out its first Integrated Air Drop Test (IADT-1), a crucial milestone in the preparation for the countr

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps