Monday, August 8, 2022
HomeFinanceGoyal calls for private sector's contribution in boosting cotton production

Goyal calls for private sector’s contribution in boosting cotton production




Stressing the need to adopt global best standards in cotton productivity, Union Commerce and Industry Minister Piyush Goyal on Sunday called for the contribution of the private sector in promoting research in productivity, farmers’ education as well as branding of Indian cotton.



Speaking at an interactive meeting with stakeholders of the cotton textile value chain held at Vanijya Bhawan, New Delhi, Goyal who also holds the portfolio of the Ministry of Textiles, said, “It is time for India to adopt world standards in cotton productivity. All stakeholders must share best practices to boost cotton productivity in India to boost farmer incomes. The private sector must contribute to boost research in productivity, farmers education as well as branding to which Government would provide matching support.”


Asserting an integrated approach, Goyal said that the private sector has to act in a mission mode to strengthen the cotton value chain.


“We need to brand our own cotton which is good quality by an equal contribution from Industry. Action on reducing contamination issues like coloured HDPE. Master plan to be worked out by industry within one week,” he said.


The meeting was also attended by Union Agriculture and Farmers’ Welfare Minister Narendra Singh Tomar and Minister of State for Textiles and Railways Darshana V Jardosh.


Goyal said that cotton works like a bridge between agriculture and textile sector. Cotton-based products have a significant share of total textiles and apparel products both at the domestic and international levels. With market access opening through FTAs, it is imperative to get our act together to enhance both productivity and quality.


“We need to bring back our dominance in the global cotton industry and India looks at textiles as a key sector that will help us build an Aatmanirbhar Bharat,” he said.


He also said that the Centre is working on the ‘5F’ vision of Prime Minister Narendra Modi — ‘Farm to Fibre; Fibre to Factory; Factory to Fashion; Fashion to Foreign’.


The Minister said agreements for duty-free access to textiles with Australia and UAE have given a new impetus to the trade and similar agreements with the EU, UK and Canada are being negotiated.


Goyal said that it is vital to increase the yield and profit margins for cotton farmers by creating awareness about the right seeds and encouraging farmers to adopt modern technology and progressive agricultural practices.


Speaking at the meeting, Narendra Singh Tomar said that the growth of cotton production and productivity is vital to employment growth in the country. He said that short-term and long-term strategies are needed to be worked out for boosting productivity.


Tomar said that high-density farming and micro-irrigation are key to boosting cotton productivity in large parts of the nation.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

mail Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor



RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments

%d bloggers like this: