Press background on Cotton Corporation of India Limited
Company profile
Cotton Corporation of India (CCI) was established on 31st July 1970 as a Government Company registered under the Companies Act 1956. Earlier the Corporation was entrusted with the responsibility of equitable distribution of cotton among the different constituents of the industry and to serve as a vehicle for the canalization of imports of cotton. With the changing cotton scenario, the role and functions have now broadened and as per Textile Policy of 1985, the Corporation undertakes price support operations, whenever the market prices of kapas touch the support prices announced by the Government of India, without any quantitative limit. Undertakes commercial operations and also purchases cotton to fulfill the export commitments.
The Cotton Corporation of India Limited (CCI) today presented a cheque of Rs 5 crore as annual dividend to the Government of India. The dividend cheque was presented by Shri B. K. Mishra, Chairman and Managing Director, CCI to the Hon'ble Union Minister of State for Textiles (Independent C... (more)
Oct 22, 2014 17:30 IST
Cotton Corporation of India Limited
