Cotton Corporation of India

Cotton Corporation of India Latest News

Recently, the Cabinet Committee on Economic Affairs has approved Minimum Support Price (MSP) funding to the Cotton Corporation of India (CCI) for the cotton season 2023–24.

About Cotton Corporation of India

• It was established on 31st July 1970.
• It is a Public Sector Undertaking under the Companies Act 1956.
• Nodal Ministry: It works under the administrative control of Ministry of Textiles, Government of India
• Functions:
  • The major role of the CCI is to undertake price support operations, whenever the market prices of kapas fall below the minimum support prices (MSP) announced by Govt. of India, without any quantitative limit.
  • Besides MSP operations, to fulfil the raw material requirement of the domestic textile industry particularly for lean season, CCI undertakes commercial purchase operations.
  • It has PAN India presence through headquarters at Navi Mumbai (Maharashtra), 19 branches in all major cotton growing States.

Cotton cultivation

• Cotton is a tropical and subtropical crop that requires warm conditions.
• Cotton Cultivation Growing Requirements 

• • Temperature: The ideal temperature ranges in between 21°C to 30°C. It needs 210 frost-free days annually, as frost is highly damaging.
  • Rainfall: The crop requires 50–100 cm of rainfall, ideally well-distributed.
  • Soil: Cotton grows best in deep black soils (regur) of the Deccan Plateau, Malwa Plateau, and Gujarat. It also grows well in the alluvial soils of North India and red and lateritic soils in the South.
• Major Cotton Growing states: Gujarat is the leading producer Telangana ranks second, followed by Maharashtra.

Source: PIB

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