Thursday 2nd February 2023

Cotton Corporation of India, scaling the new heights

Nov 27th, 2022 3:32 pm | By | Category: LATEST NEWS

Dr. P. K. Agarwal
CMD, CCI


(THE NEWSMAN OF INDIA.COM)
The Cotton Corporation of India (CCI): A Friend to Cotton Farmer & A Dependable Supplier of Cotton to the Textile Industry.
CCI was established on 31st July 1970 under the administrative control of Ministry of Textiles, Government of India as a Public Sector Undertaking under the Companies Act 1956.

In the initial period of setting up, as the only public sector undertaking in the field of marketing of cotton, CCI played a role of a canalizing agency for imports of cotton and purchase of raw cotton for giving necessary price support to enterprising cultivators and also for procuring raw cotton for textile mills.

The role and function of CCI continued to enlarge with the changing cotton scenario in the country. Now, 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.The Cotton Corporation of India (CCI):

The role and function of CCI continued to enlarge with the changing cotton scenario in the country. Now, 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.

Major highlights & achievements

CCI has been championing the interest of Indian cotton farmers for more than three decades and is the single largest cotton trading company in the country.

Serving the cotton farmers of the country in realizing fair price of their produce, by operating more than 400 procurement centers on All-India basis. CCI remains present in the market yards from day one of the kapas arrivals so as to ensure fair competition at the time of auction.

Serving Textile Industry by playing a leadership role of a dependable supplier of quality cotton on most competitive terms. It has earned a reputation for maintaining quality, adhering to sale terms and for delivery schedules both in domestic as well as international market.

To supply cotton to the textile industry at competitive prices, CCI keeps on selling cotton on day-to-day basis and does not speculate on prices. We also believe in transparent working and fair trade practices. We also strike a balance between offering fair price to cotton growers and excellent pre and post sales services to cotton buyers.

Achieved all targets of annual programme for use of official languages. CCI has been honoured with first prize for Indira Gandhi Raj Bhasha shield for 19th time.

CCI is a profitable and MOU signing Company with the Ministry of Textiles, Government of India since 1992-93 with MOU ratings of Good to Excellent.

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