Post Leads  |
 
India to expand Cotton assistance programme to 5 more African nations in 2nd phase
Commodity Online | October 09 2019
UPDATED 13:08:20 IST

IMF cuts India's growth forecast to 6.1%

India Ratings cuts GDP growth forecast to 6.1% for FY20

India's Vegetable Oil imports fall 13% in September: SEA

USDA pegs India's 2019-20 Rice production at 114 MT

Retail inflation climbs to 3.99 % in September

India will cover five more African countries in the second phase of its cotton technical assistance programme (TAP) for the region, Union minister Smriti Irani said on Monday. India implemented a technical assistance programme (TAP) for cotton in six African countries, namely Benin, Burkina Faso, Chad, Malawi, Nigeria and Uganda, from 2012 to 2018.

India will cover five more African countries in the second phase of its cotton technical assistance programme (TAP) for the region, Union minister Smriti Irani said on Monday. India implemented a technical assistance programme (TAP) for cotton in six African countries, namely Benin, Burkina Faso, Chad, Malawi, Nigeria and Uganda, from 2012 to 2018.

India remains committed to building on its longstanding development partnership with Africa, especially in the field of cotton, Union Textiles Minister Smriti Irani said at the opening session of World Cotton Day in Geneva.

As one of the world's largest producers and consumers of cotton, India supports the World Cotton Day as an opportunity to recognise the significance of cotton as a global commodity, and, more importantly, as a source of livelihood for millions of small and marginal farmers in developing countries, said Irani.

Irani further said that India is also engaging meaningfully in providing assistance to strengthen both the agriculture and textile part of the cotton value chain in Africa through training and capacity-building of farmers, scientists, government officials and industry representatives and through the creation of cotton-related infrastructure.

She said that it is fitting that Mahatma Gandhi has been chosen as the icon for the World Cotton Day and to mark the celebration of the first World Cotton Day, India will gift a replica of Mahatma Gandhi's Charkha to the WTO.

The Textiles Minister also informed that cotton farming and the domestic cotton textile industry continue to be important pillars of India's economy.

As a country of 8 million small and marginal cotton farmers, India is sensitive to the challenges faced by the cotton sector in developing countries and India has been a proponent for the elimination of asymmetries and imbalances in the WTO agreements that lead to a distortion of global cotton markets, the Minister added.

Irani expressed hope that the World Cotton Day will help showcase innovative initiatives in the cotton eco-system and channel more development assistance for cotton.

 

Commodity Arrivals Rate
Mustard Oil 70 10200.00
Coconut Oil 2 18500.00
Arecanut 55 5500.00
Sugar NR 3900.00

More

×