CCI Presents ₹8.89 Crore Dividend to Boost Cotton Farming
The Cotton Corporation of India Ltd. (CCI), operating under the Ministry of Textiles, has announced a dividend payout of ₹8.89 crore for the financial year 2024–25. This significant development was marked by a ceremonial event in New Delhi, where Union Minister of Textiles, Shri Giriraj Singh, received the cheque from CCI’s Chairman and Managing Director, Shri Lalit Kumar Gupta. The occasion was attended by key officials, including Secretary of Textiles, Smt. Neelam Shami Rao, and Joint Secretary, Smt. Padmini Singla.
During the event, the Union Minister praised CCI for its unwavering commitment to enhancing growth, efficiency, and innovation within India’s cotton and textile value chain. He stressed the organization’s essential role in providing fair prices to cotton farmers through Minimum Support Price (MSP) operations and ensuring stability in the domestic cotton market.
Promoting Farmer Interests and Expanding Infrastructure
Secretary of Textiles, Smt. Neelam Shami Rao, commended CCI for its achievements and the determination of its workforce. She assured continued support from the Ministry as CCI aims for future milestones and bolsters India’s position in the global textile sector. Notably, CCI produced nearly 97% of certified Kasturi Cotton Bharat, totaling over 1.51 lakh bales, reinforcing the quality and traceability of Indian cotton.
With a remarkable turnover of ₹20,009 crore in FY 2024–25, CCI is experiencing one of its highest financial performances to date. The declared dividend signifies CCI’s robust financial health and commitment to farmer welfare and market stability.
Enhancing MSP Operations
To further its MSP operations, CCI has expanded its procurement network by establishing 571 new centres across 150 cotton-growing districts, an increase from 508 in the previous season. This initiative has significantly improved access for small and marginal farmers, while lowering transportation costs and wait times.
The Central Government keeps farmer empowerment at the forefront through the Kapas Kisan Mobile App, which has registered over 46 lakh farmers. This app revolutionizes the procurement process, making it transparent and farmer-friendly with features like self-registration, slot booking, Aadhaar-linked payments, and real-time alerts from registration to payment.
Innovations in Digital Tracking
CCI has also pioneered a Blockchain-based Bale Identification and Traceability System (BITS), achieving 100% traceability of cotton bales. This system allows stakeholders to track cotton from procurement to processing through QR codes. For buyers, CCI enhances the Ease of Doing Business via CotBiz, its streamlined online system for cotton seed and bale billing that includes faceless e-auctions and integration with real-time dashboards.
Through these initiatives, CCI is not only strengthening the cotton sector but also ensuring that farmers can thrive in an evolving market. As it continues to innovate and expand, CCI remains a cornerstone of India’s cotton economy and a vital supporter of its farmers.
Observer Voice is the one stop site for National, International news, Sports, Editor’s Choice, Art/culture contents, Quotes and much more. We also cover historical contents. Historical contents includes World History, Indian History, and what happened today. The website also covers Entertainment across the India and World.
