Published On:July 25 2014
Story Viewed 1896 Times
Cotton Corporation to set up ginning mill in Seemandhra.
The public sector the Cotton Corporation of India (CCI), which carries out market intervention activities to support cotton farmers, has signed a memorandum of understanding (MoU) National Textile Corporation (NTC) to set up a ginning cum pressing (GNP) mill in Seemandhra, the newly formed Talangana state.
CCI plans to acquire 7.17 hectares (ha) of barren land of NTC on lease for which a formal proposal has already been submitted to the Bureau of Indian Financial Reconstruction (BIFR), being the land a part of NTC's closed unit.
'We procure around 100,000 tonnes of cotton in this area out of its total production of around 400,000 tonnes. Hence, cotton would adequatly be supplied to our forward integration unit. Initially, we are looking at 60,000 tonnes of pressing and ginning capacity of this plant,' said B K Mishra, chairman cum managing director of CCI.