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Indian government to launch new policy on cotton solvent


The government plans to launch a new policy on cotton solvent to encourage ginning mills in the state. Agriculture Minister Niranjan Reddy says the government aims to encourage ginning mills to manufacture cotton by products such as oil, cake and solvents. These byproducts command a good price at the international level and the ministry plans to give more incentives to the mills to manufacture them.

According to the minister, earlier, the Cotton Corporation of India and traders used to take the cotton purchased here to Maharashtra and Andhra Pradesh but now there was no such need. The government has set up ginning mills in rural areas to provide direct employment to 100 people in each mill and indirect employment to another 500, he added.