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The Cotton Corporation of India (CCI) is a public sector undertaking under the Ministry of Textiles in India. It plays a crucial role in the cotton sector, particularly in areas such as procurement, trading, and maintaining cotton price stability. Here are the key aspects of the Cotton Corporation of India:
### History and Establishment:
- Formation: The CCI was established in 1970 with the aim of supporting cotton growers and ensuring a stable market for cotton in India.
- Headquarters: The corporation is headquartered in Navi Mumbai, Maharashtra.
### Objectives and Functions:
Procurement and Distribution:
- Cotton Procurement: CCI procures cotton directly from farmers through its network of procurement centers across major cotton-growing states in India.
- Warehousing and Storage: The corporation has warehousing facilities to store the procured cotton, ensuring its quality and availability throughout the year.
- Sales and Distribution: CCI sells the procured cotton to various stakeholders, including textile mills, traders, and exporters, through e-auctions and direct sales.
Market Intervention:
- Market Stabilization: By intervening in the market, CCI helps stabilize cotton prices, preventing extreme fluctuations that could adversely affect both farmers and the textile industry.
- Buffer Stock Management: CCI maintains buffer stocks of cotton to meet the demand-supply gaps and to ensure availability during lean periods.
Support to Farmers:
- Awareness and Training: CCI conducts awareness programs and training sessions for cotton farmers on best practices, quality improvement, and market trends.
- Quality Assurance: The corporation ensures that the cotton procured meets quality standards, benefiting both farmers and buyers.
International Trade:
- Exports and Imports: CCI also engages in the export and import of cotton to balance domestic supply and demand, as well as to take advantage of international market opportunities.
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