The Southern India Mills’ Association (SIMA) has sent a representation to the Union Minister of State for Textiles (Independent Charge), Santhosh Kumar Gangwar, requesting to direct CCI to adopt farmer-cum-industry-friendly cotton trading policy. M. Senthilkumar, SIMA Chairman has urged Textile Minister to direct CCI to have a transparent and fair cotton trading policy which would ensure win-win strategy both for the farming and cotton textile manufacturing communities. He has proposed restructuring the Board of Cotton Corporation of India by inducting major stakeholders particularly, the industry representatives, which consumes over 80% of the cotton produced in the country.
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SIMA Chairman has recommended for ‘Direct Benefit Transfer (DPT)’ in lieu of MSP operations and make the farmers to receive the subsidy directly. He stated that this is an ideal system which would greatly reduce the liability for the Government and also ensure stability and parity in the cotton prices on par with the international prices.
