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Govt suggests Cotton Corporation to create buffer stock to secure supplies

17 May 2012 Evaluate

In order to meet the lean season requirements of the textiles industry, the government of India has suggested the Cotton Corporation of India to create a buffer stock or strategic reserve of 10 lakh bales of cotton.

These strategic reserves would not only make sure the availability of sufficient raw material for the textiles industry in the months of June-September 2012, but also allow cotton farmers to receive reasonable prices for their produce.

Pursuant to this, Cotton Corporation of India has initiated commercial procurement operations in the states of Gujarat, Maharashtra and Andhra Pradesh.