: Textiles Ministry partners with GIZ for sustainable cotton produce in Maharashtra, Gujarat, MP and Tamil Nadu #FinanceIndia #StockMarketNEWS Textiles Ministry partners with GIZ for sustainable cotton

@StockMarketNEWS Mon 11 Oct, 2021

Posted in: #FinanceIndia #StockMarketNEWS

Textiles Ministry partners with GIZ for sustainable cotton produce in Maharashtra, Gujarat, MP and Tamil Nadu #FinanceIndia #StockMarketNEWS
Textiles Ministry partners with GIZ for sustainable cotton produce in Maharashtra, Gujarat, MP and Tamil Nadu New Delhi, Oct 8 (KNN) The Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) and the Ministry of Textiles signed an MoU on Implementation Agreement of Indo German Technical Cooperation Project on ‘Sustainability and Value Added in the Cotton Economy’.

This is a part of the Indo German Development cooperation framework, the German Federal Ministry for Economic Cooperation and Development (BMZ) has collaborated with Ministry of Textiles (MoT) supported by Ministry of Agriculture and Farmers Welfare (MoAFW).

Its objective is `to increase the value addition from sustainable cotton production in India by focusing on sustainable cotton, and strengthening of downstream processing’.

It is focussing on 4 majorly cotton producing states- Maharashtra, Gujarat, Madhya Pradesh and Tamil Nadu will work closely with them and the related agencies. The MoU was signed by Sanjay Sharan, Joint. Secretary on behalf of Ministry of Textiles and Mohd. -El-Khawab, Programme Coordinator GIZ India and Dr. Rossitza Krueger, Programme Head, Sustainable Cotton Project, GIZ, in the presence of Minister of State for Textiles, Darshna Vikram Jardosh, who presided over the event and U. P. Singh Secretary, Ministry of Textiles.

The GIZ project envisages increase volume of cotton production at least on 90,000 hac with participation of 1. 50 lakh cotton farmers with yield increase by 10%.

Speaking on the occasion Minister Jardosh said that the GIZ project is aimed at increasing volume of cotton production at least on 90,000 hac with participation of 1. 50 lakh cotton farmers with yield increase by 10%. This will enable capacity building of the 1. 50 lakh farmers& entrepreneurs of which about 30% will be women beneficiaries.

The Minister mentioned that India is the largest cotton producer in the world and also the 2nd largest consumer of cotton in the world with estimated consumption of 303 lakh bales (5. 15 Million Metric Tons i. e. 20% of world cotton consumption of 1505 lakh bales (25. 59 Million Metric Tons). It plays a major role in sustaining the livelihood of an estimated 6 Million cotton farmers and about 50 Million people engaged in related activity such as cotton processing & trade.

U. P. Singh in his address said that today being the ‘World Cotton Day’ is an important day for the Ministry of Textiles. He said that cotton is important cash crop and the entire edifice of Textile Industry depend on natural fibres like cotton, jute and wool. He said that development without sustainability has lost value in current scenario.