Union Minister of Textiles, Commerce and Industry Piyush Goyal has told the cotton industry stakeholders to discuss a strategy to ensure the traceability of cotton, get a better value of cotton products and to brand Indian cotton.
“Blockchain technology for enhancing the traceability of cotton from Farm to Foreign is under consideration and it will be tried on a small scale initially and later expanded,” he said during an interaction with members of the Federation of Telangana Chambers of Commerce and Industry (FTCCI) in Hyderabad
The Minister also insisted the industry to allocate at least 5 per cent of their budget for ‘One District One Product’ (ODOP) scheme to help people in remote areas to get transformational results towards self-reliant India.
It is pertinent to mention here that Uttar Pradesh has identified 25 districts of the state as far as textile and apparel products are concerned. Similarly, Andhra Pradesh has identified 3 districts to promote its textile products under ODOP.
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