Cotton Corporation of India (CCI) is planning to setup its first ginning and pressing factory in Adoni, located at the border of Karnataka and Andhra Pradesh, in Kurnool district. CCI will take on lease 7.17 hectares of land from one of the sick units of the National Textile Corporation (NTC) to setup the ginning factory with capacity of 60,000 bales.
An MoU between the CCI and NTC has already been signed, and the NTC is now in the process of seeking approval of the Board for Industrial and Financial Reconstruction (BIFR) for leasing out the requisite land. Initially, CCI plans to invest Rs. 100-200 million and would also consider investment in a warehouse in the cotton growing areas with the support of the State Government.
The cotton ginnery in Adoni would be setup on a pilot basis, and if it is successful, the CCI would setup similar ginning factories in other states, including in the newly-formed state of Telangana, if the State Governments offer land free of cost.
