Shri Piyush Goyal called an interactive meeting in Mumbai organised by BSE and invited Mumbai’s top 150 industrialists/exporters.
Five members from CAI, attended this meeting including CAIi President, Shri. Atul Ganatra, Shri. Vinay Kotak, Shri. Shyam Makharia, Shri. Arun Sekhesaria and Shri. Manish Daga.
CAI President Shri. Atul Ganatra informed the Hon. Minister that India’s cotton production has been at a standstill at around 350 lakh bales from the last few years while consumption is going up year on year and we need to increase our cotton production.
CAI President suggested that the price ban on cotton seed must be removed so that the seed producers can do more research and supply new technology seeds to the farmers to improve the yield.
At present, India's cotton yield is 475 kg per hectare against the world average of 800 kg. If a country like Brazil can reach a cotton yield of 1800 kg per hectare through new seed technology, why can’t India?
The Hon. Minister Shri. Piyush Goyal appreciated the inputs and said very soon we will bring new Hybrid seed technology in India.
He invited the CAI President to Delhi with more suggestions for increasing cotton production in India.