Abstract
The cotton industry is a cornerstone of the global economy, influencing agricultural practices, trade, and industrial development. This study explores the key determinants shaping the cotton sector, focusing on procurement, price stabilization, export promotion, research and development, and skill enhancement initiatives. The Cotton Corporation of India (CCI) plays a crucial role in this ecosystem by ensuring fair compensation for farmers through minimum support prices, facilitating consistent cotton supply for the textile industry, and promoting exports to enhance market reach. Furthermore, the CCI's investments in research and development aim to improve cotton quality and resilience, addressing the industry's evolving challenges. Amidst these advancements, the cotton industry faces pressures such as price volatility, shifting consumer preferences, and an increasing emphasis on sustainable practices. This paper underscores the need for adaptive strategies and collaborative efforts among stakeholders, including farmers, manufacturers, and policymakers, to enhance the industry's competitiveness and sustainability. Future research should delve into the impacts of global market dynamics and technological innovations to better understand the cotton sector's opportunities and challenges.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
More From: International Journal of Management and Development Studies
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.