{"id":25524912,"date":"2022-05-20T19:04:09","date_gmt":"2022-05-20T13:34:09","guid":{"rendered":"https:\/\/entri.app\/blog\/?p=25524912"},"modified":"2022-11-02T11:19:13","modified_gmt":"2022-11-02T05:49:13","slug":"cotton-council-of-india-formation-composition-and-functions","status":"publish","type":"post","link":"https:\/\/entri.app\/blog\/cotton-council-of-india-formation-composition-and-functions\/","title":{"rendered":"Cotton Council of India: Formation, Composition, and Functions"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69ea68f291867\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69ea68f291867\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/entri.app\/blog\/cotton-council-of-india-formation-composition-and-functions\/#Cotton_Council_of_India_Formation\" >Cotton Council of India: Formation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/entri.app\/blog\/cotton-council-of-india-formation-composition-and-functions\/#Cotton_Council_of_India_Composition\" >Cotton Council of India: Composition<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/entri.app\/blog\/cotton-council-of-india-formation-composition-and-functions\/#Cotton_Council_of_India_Functions\" >Cotton Council of India: Functions<\/a><\/li><\/ul><\/nav><\/div>\n<p>CCI was formed 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 beginning period of setting up, as the only public sector expertise\u00a0 in the field of marketing of cotton. It\u00a0 played a vital role of a canalizing agency for imports of cotton and purchase of raw cotton for providing\u00a0 necessary price support to enterprising cultivators and also for procuring raw cotton for textile mills. The role and function of CCI continued to expand\u00a0 with the changing cotton scenario in the country. Currently, the role of the CCI is to undertake price assists operations, whenever the market prices of kapas fall below the minimum support prices (MSP)\u00a0 declared by Govt. of India, irrespective of any quantitative limit. In addition to the MSP operations, to meet\u00a0 the raw material requirement of the domestic textile industry especially\u00a0 for lean season, CCI undertakes commercial purchase operations. The essence is to\u00a0 safeguard the economic interest of cotton farmers in all the cotton growing regions and to cross check smooth supply of good quality cotton to the textile industry in the country. The Corporation is having PAN India presence through headquarters at CBD Belapur, Navi Mumbai (Maharashtra), 19 branches and more than 400 cotton procurement centres in all major cotton growing States.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cotton_Council_of_India_Formation\"><\/span><strong>Cotton Council of India: Formation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>The Union Government has declared the formation of the Cotton Council of India\u00a0under the Chairmanship of renowned veteran cotton man\u00a0Suresh Bhai Kotak.<\/li>\n<li>The Council shall have the entries from Textiles, Agriculture, Commerce, and Finance Ministries, in addition with Cotton Corporation of India and Cotton Research Institute.<\/li>\n<li>Mr Goyal, appealed to the spinning and trading community to ensure a hassle-free supply of cotton and yarn first to the domestic industry.<\/li>\n<li>The government is determined\u00a0 to assist the interests of cotton farmers, spinners, and weaver<\/li>\n<li>The Minister assured to actively take into notice of\u00a0 the demand of the spinning sector for exemption from import duty on those import contracts in which bills of loading are issued up to September 30, 2022, to overcome the present cotton shortage and logistic issues.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Cotton_Council_of_India_Composition\"><\/span><strong>Cotton Council of India: Composition<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>The Cotton Corporation of India (CCI) was formed in 1970 by the government as a public sector organization in the field of cotton marketing.<\/li>\n<li>Ever-since its inception, the Corporation has been functioning in competition with private cotton traders and other institutional buyers<\/li>\n<li>The\u00a0 market share varying from 5 per cent to 8 per cent except in some years under MSP operations when it has gone up to 31 per cent.<\/li>\n<li>With the constant fluctuations with respect to the Cotton Industry scenario, the role and functions of the Corporation were reviewed and revised from time to time.<\/li>\n<li>As per the policy directives received from the ministry of textiles in 1985, the CCI is the only\u00a0 agency of the government for undertaking Minimum Support Price (MSP) operations, whenever the prices of kapas (seed cotton) fall below the MSP level.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Cotton_Council_of_India_Functions\"><\/span><strong>Cotton Council of India: Functions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>The council shall discuss, deliberate, and draft\u00a0 a robust action plan for improvement in the field.<\/li>\n<li>The Council shall have the entries from Textiles, Agriculture, Commerce, and Finance Ministries, in addition with Cotton Corporation of India and Cotton Research Institute<\/li>\n<li>The announcement was made in meeting in the presence of stakeholders from the cotton value chain, held under the Chairmanship of Union Textiles Minister Piyush Goyal.<\/li>\n<li>Mr Goyal, appealed to the spinning and trading community to ensure a hassle-free supply of cotton and yarn first to the domestic industry.<\/li>\n<\/ul>\n<p style=\"text-align: center\"><strong><a href=\"https:\/\/entri.sng.link\/Bcofz\/0x3b\/ow4f\" target=\"_blank\" rel=\"noopener noreferrer\">Download Entri and practice free mock tests and ace your competitive exams\u00a0<\/a><\/strong><\/p>\n<p><span style=\"font-weight: 400\">I hope this article was helpful. The key point to clear an exam lies in methodical and planned preparation. If you are a candidate who wants to pursue your dream career and looking for a good start, our\u00a0 <\/span><a href=\"https:\/\/entri.sng.link\/Bcofz\/od54\/6blp\"><b>Entri app<\/b><\/a><span style=\"font-weight: 400\"> has got it covered for you. <\/span><span style=\"font-weight: 400\">Over the last decade, the concept of education has drastically changed, thanks to the internet. Let\u2019s talk about all the positive contributions it has made. Consistency is the key. Be regular and punctual. Set a study pattern, modify it as per your needs and wants. You know yourself better, so plan accordingly. <\/span><span style=\"font-weight: 400\">Our team will help you with content and insights related to the topics of your concern. Subscribe to our app today and enrol yourself into various programmes our app offers. Tune in to the app to stay updated regarding various aspects of the subject you are interested in. Feel free to post any queries and doubts in the comment section. We will try our best to reach out. Push away all those self-doubts and negative thoughts. Try to have a clear vision. Ask yourself why you want this. Focus on the good and work hard. There is a saying that goes like this, Get up and set your shoulders to the wheel-how long is life for you? as you have come to this world leave some mark behind or where is the difference between your trees and stones they too come into existence decay and die. Each day is a precious gift bestowed upon us so make it count. Work on yourself. Stop procrastinating. Today is the day, hope for the best. Good luck<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CCI was formed 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 beginning period of setting up, as the only public sector expertise\u00a0 in the field of marketing of cotton. It\u00a0 played a vital role of a [&hellip;]<\/p>\n","protected":false},"author":82,"featured_media":25524916,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[802,558],"tags":[],"class_list":["post-25524912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-general-knowledge"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cotton Council of India: Formation, Composition, and Functions - Entri Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/entri.app\/blog\/cotton-council-of-india-formation-composition-and-functions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cotton Council of India: Formation, Composition, and Functions - Entri Blog\" \/>\n<meta property=\"og:description\" content=\"CCI was formed 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. 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