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New Delhi, June 8 (PTI) The government today proposed a national fibre policy (NFP) to improve cotton production, supply and calibrating exports. The draft policy placed in the public domain for comments also targets aggressive procurement by the government agencies so as to ensure secured supply of cotton to textile mills at competitive prices.
"This shall obviate the possibility of cartelisation for individual gains," the draft policy said. The textile ministry, in consultation with the India Space Research Organisation (Isro) will put in place improved crop mapping of cotton for improving production techniques.
The domestic fibre consumption ratio is highly skewed in favour of cotton against man-made fibres. Almost 60 per cent of fibre intake in the country comes from cotton and the rest from the man-made fibre.
The trend needs to fall in the global ratio which is highly favourable to man-made synthetic fibre, the draft said. "Given that the future demand is expected to be largely in favour of man-made fibre based textiles, special attention is required to boost the consumption and production of man-made fibre," the draft said.
Recently, the government had put restrictions on cotton exports in the wake of rising domestic prices. However, the exports were allowed with a license after political leaders like Narendra Modi had opposed the virtual export ban
09 June, 2010 by admin