Role of Cotton Corporation of India

I am looking for the Cotton Corporation of India, Ltd role and functions. If anyone have idea about the role and functions of Cotton Corporation of India then please tell me about this? Also provide me brief profile of this company?

I want to know the Role and the functions of Cotton Corporation of India so will you please tell me?

[shikha]

The Cotton Corporation of India Limited CCI is a Government of India agency, engaged in diverse activities related to trade, procurement, and export of cotton.

It was incorporated on July 31, 1970 under the Companies Act 1956.

CCI is a public sector agency responsible for equitable distribution of cotton among the different constituents of the industry and aid imports of cotton.

CCI is governed by Textile Policy 1985 issued by the Ministry of Textiles, Government of India.

Cotton is Indias one of the principle crop in India. It plays a vital role in the Indian Economy by providing employment to substantial number of countrymen.

Cotton is also one of the largest foreign exchange earner commodities of India.

Apart from providing one of the basic necessities of life, the textile industry also plays a pivotal role through its contribution to industrial output, employment generation and the export earnings of the country.

The role assigned to the CCI under the Textile Policy of June 1985 was:

To undertake price support operations whenever the market prices of kapas touch the support prices announced by the government of India without any quantitative limit

To undertake commercial operations only at CCI s own risk; and

To purchase cotton to fulfill export quotas given to CCI

CCI operates in the following states as of now.

Punjab, Haryana, Rajasthan, Gujarat, Maharastra, Madhya Pradesh, Andhra Pradesh, Karnataka , Tamil Nadu and Orissa.