The Hindu Business Line : Govt approves raising target of TMC mini-missions

THE Government on Thursday approved increasing the overall target under mini missions— III and IV of the Technology Mission on Cotton (TMC) — for development of 250 market yards, modernisation of 1,000 ginning and pressing factories with new bale press and installation of 200 grading laboratories.

The target approval would be without any change in the existing funding pattern and other parameters, Finance Minister, Mr P. Chidambaram, told reporters after a meeting of the Cabinet Committee on Economic Affairs (CCEA).

This would help in production of contamination-free cotton for use by domestic textiles industry as well as for exports.

India is the third largest cotton producer in the world after China and the US.

However, apart from inconsistent production and low productivity, low yield and high input costs have made Indian cotton costly and one of the most contaminated.

TMC was launched in February 2000 to improve fibre attributes, reduce contamination and cost of cultivation and increase productivity.

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