The Union government decided to form a new body called the ‘Cotton Council of India’ under the Chairmanship of renowned veteran cotton man Mr.Suresh Bhai Kotak.
The formation of the body was decided during a meeting with stakeholders from the cotton value chain, held under the Chairmanship of Union Textiles Minister Piyush Goyal.
Other representatives of the council are the Union Ministers of Textiles, Agriculture, Commerce, and Finance along with the representative of the Cotton Corporation of India and Cotton Research Institute.
The first meeting of the newly formed council has been scheduled for the 28th of this month. It will discuss, deliberate, and prepare a robust action plan for bringing out a tangible improvement in the field of cotton.
The meeting was held on an urgent basis to address the unprecedented price rise in the current season. The participants discussed a cross-section of views and suggestions for softening cotton and yarn prices. The price of cotton was raised due to the less production of the crop despite the largest area under cotton cultivation.
Mr. Goyal also gave a clear message to all stakeholders to resolve the cotton and yarn price issue. He emphasized the need of holding hands of cotton farmers who are the weakest part of the cotton value chain besides extending all possible support to stakeholders.