chapter viii wool & wollen textiles industry - Ministry of Textiles

annual report 2011-12
for textile mills, both in public and private
sectors.
Over the years, its operations have
undergone significant changes in keeping
with the developments taken place in the
Indian cotton economy during past two
decades.
In the Textile Policy, 1985, CCI’s role
was expanded to carry out commercial
operations for meeting the cotton
requirements of institutional buyers and
to fulfill the export quotas allocated to it
by the Government of India. However,
with liberalization, since cotton exports
have been placed under Open General
Licence (OGL), the system of allocation
of export quotas in favour of different
agencies have been dispensed with.
The Government of India had launched
Technology Mission on Cotton (TMC) in
February 2000 with four Mini Missions.
CCI had been the implementing agency
for Mini Mission III (Improvement of
Marketing Infrastructure) and Mini
Mission IV (modernization/upgradation
of existing G&P factories).
The cotton season 2010-11 had been
a unique year in the history of cotton
economy of the country in as much as the
cotton season witnessed unprecedented
volatility in the prices of both kapas (seed
cotton) and lint cotton. In the first half of
the season, cotton prices had reached a
record level and the same subsequently
dropped substantially. This was mainly
due to historically tight world opening
stock to use, slowing demand, difficulties
to access credit by the cotton spinners,
declining prices of cotton yarn etc.
Since the prevailing kapas prices
in cotton season 2010-11 had ruled
above MSP level throughout the
season, the Corporation had no
occasion to undertake MSP operations
in any of the cotton growing States.
However, with a view to cater the
needs of its regular buyer mills as also
to ensure competitive prices to the
cotton farmers, the Corporation had
undertaken commercial operations and
had purchased 13.66 lakh bales.
THE CENTRAL COTTAGE INDUSTRIES
CORPORATION OF INDIA LTD. (CCIC)
The Central Cottage Industries Emporium
was established in Delhi in the year
1952 under the management of Indian
Cooperative Union and was later on
taken over by Central Cottage Industries
Association in 1964 and was incorporated
as Central Cottage Industries Corporation
of India Ltd.(CCIC) on February 4, 1976.
CCIC is under the administrative control
of Ministry of Textiles.
The main objective of CCIC is to be a
dealer, exporter, manufacturer and
agent of quality Indian handicrafts and
handlooms and to develop markets for
these products in India and abroad.
The Corporation has showrooms at
Delhi, Kolkata, Mumbai, Bangalore, and
Chennai. Besides, CCIC has a franchise
outlet in Patna.
CAPITAL
The authorized capital of the Corporation
is Rs.1200 lakhs and the paid-up capital
is Rs.1085 lakhs.
WORKING RESULTS
a) Turnover
The turnover of the Corporation for the
year was Rs.6333.82 lakh as against
Rs.6758.56 lakh in the previous year i.e.
2009-10.
183