Related Keywords: CCI to sell balance unsold stock, cotton corporation of India, financial stress, higher input costs for spinning sector, Ministry of textile, msp for long staple cotton, spurt in cotton prices, SSI spinning mills, through online auction
The recent spurt in cotton prices has resulted in higher input costs for the spinning sector in the country leading to some financial stress. In order to ease the situation, Cotton Corporation of India (CCI) has started to sell its stock to SSI spinning mills.
The online auction of the balance unsold stock of the Cotton Corporation of India (CCI) has commenced from August 2 to the Small Scale Industries (SSI) registered with the office of Textile Commissioner and the Government Co-operative mills which are fully dependent on them for their cotton requirements.
