India commits to procure jute, cotton if prices fall below MSP

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Union Minister Piyush Goyal has announced that the Indian government is willing to collect jute and cotton crops from farmers if the market price falls below the minimum support price (MSP).
Union Minister Piyush Goyal has announced that the Indian government is willing to collect jute and cotton crops from farmers if the market price falls below the minimum support price (MSP).

Union Minister Piyush Goyal has announced that the Indian government is willing to collect jute and cotton crops from farmers if the market price falls below the minimum support price (MSP). The move is part of the government’s efforts to support farmers and ensure fair compensation for their crops.

The minister also said that the Center is working towards increasing jute and cotton production and is willing to provide quality seeds and fertilizers for quality products to meet the vision of foreign export farms.

During his interaction with the beneficiaries of the textile sector, Goyal urged them to promote the “Vocal for Local” initiative. He stressed the importance of showcasing Indian products on the global stage. He highlighted the potential of increasing textile production in the country.

In line with the ‘Made in India’ initiative, Goyal urged officials to create ways for the beneficiaries of handicrafts to benefit from the ‘Handmade in India’ label and he stressed the government’s commitment to penalize businesses that sell machine-made products under this label.

He also urged the artisans to register their businesses on the Government e-Marketplace (GeM). “Registration on the e-marketplace will increase the visibility of the artisans and help in business promotion to increase their income,” said Goyal.

Goyal also said that he has directed the GeM to register all artisans and weavers associated with handicrafts and handlooms without registration fee.

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