Learn bits
Economy
Pradeep Kumar

08/10/21 09:00 AM IST

Sustainability and Value Added in the Cotton Economy

In news

An MOU was signed between Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) and the Ministry of Textiles Govt. of India  on Implementation Agreement of Indo German Technical Cooperation Project on ‘Sustainability and Value Added  in the Cotton Economy’.

Objective

The objective of the project is `to increase the value addition from sustainable cotton production in India by focusing on sustainable cotton, and strengthening of downstream processing’.

Details

  • It is focussing on 4 majorly cotton producing states- Maharashtra, Gujarat, Madhya Pradesh and Tamil Nadu and will work closely with them and the related agencies.
  • The  GIZ project is aimed at  increasing volume of cotton production at least on 90,000 hac with participation of 1.50 lakh cotton farmers with yield increase by 10%.
  • India is the largest cotton producer in the world and also the 2nd largest consumer of cotton in the world.
  • The project follows "From shelf to field” approachwith the strategy to link consumers to the cotton growers in India and work along the entire supply chain.
  • The project is also focusing on creation and promotion of transparency about the prevalence and application of internationally recognized/accepted sustainability standards and promoting measures that reduce the water footprint in cotton production.
  • This will help reduce vulnerability of cotton sector to ever-increasing water-stress worsened by climate vagaries.

Significance

  • This will enable capacity building of the 1.50 lakh farmers& entrepreneurs of which about 30% will be women beneficiaries.
  • The  GIZ project will also help in enhancing employment and women empowerment in training and capacity building on sustainable cotton growing practices by innovation in new cotton processing procedures and ginning etc.

Source: PIB

More Related Current Affairs View All

26 Sep

Neom Project

'Saudi Arabia’s Neom project contends with corruption, worker deaths, racism and misogyny.' Neom was visualised as part of Saudi Arabia’s ambitious Vision 2030 proje

Read More

26 Sep

Project Cheetah

'Project Cheetah, which saw the introduction of the African sub-species of the wild cat in India, completed two years on September 17.' The ambitious project has two overarchi

Read More

26 Sep

Quota in PhD admissions at IIMA

'After a legal battle of over three years, the Indian Institute of Management Ahmedabad (IIM-A) has announced that it will implement reservation in PhD admissions next year onwards

Read More

India’s First Ai-Driven Magazine Generator

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