Cotton Council of India to hold its debut meeting on May 28

New Delhi, May 18 (KNN) Union Minister of Textiles, Commerce & Industry and Consumer Affairs announced the formation of Cotton Council of India and its first meeting is scheduled to take place on May 28, 2022.

During the meeting the council will discuss, deliberate and prepare a robust action plan for bringing out a tangible improvement in this field.

The council is formed under chairmanship of Suresh Bhai Kotak, a renowned veteran cotton man.

Representation from Ministry of Textiles, Ministry of Agriculture, Ministry of Commerce, Ministry of Finance, Commerce and Industry, Cotton Corporation of India and Cotton Research Institute are part of the council.

The announcement came during a meeting with stakeholders on Tuesday, held under the chairmanship of Union Minister Goyal on issues relating to cotton and yarn prices.

Cross-section of views and suggestions were deliberated for softening cotton and yard prices on urgent basis, to address unprecedented price rise witnessed in the current season.

Minister Goyal asked all stakeholders to resolve cotton and yarn price issue, in the spirit of collaboration rather than competition and super profiteering, without pushing government to intervene as it may have long term impact on cotton value chain.

He also emphasised the need of holding hands of cotton farmers who is the weakest part of cotton value chain.

Minister of State for Textiles Darshna Jardosh, Secretary Textiles and Secretary Agriculture were also present at the meeting.  (KNN Bureau)