12 October 2022, Mumbai:
MCX elects T Rajkumar as Chairman of the Cotton Product Advisory Committee (PAC) and was unanimously elected as the Chairman of Committee.
MCX had planned to expand the Cotton Product Advisory Committee to include more representation from value chain participants including the textile industry.
While seeking wholehearted cooperation and support from the committee members, T Rajkumar as chairman of PAC, said that most of the contract specifications have been modified to curb speculation and protect the interests of the entire cotton value chain including the farmers.
He further thanked Hon’ble Minister of Textiles, Piyush Goyal, Secretary of Textiles, U.P. Singh, and Textile Commissioner Smt. Roop Rashi for the continued support and for holding multiple stakeholder consultations.
He is hopeful that proactive initiatives of TAG will go a long way to make India - the true cotton clothier of the globe, also elaborated on the proposed path to be taken to address the various issues of the cotton value chain that would ensure a win-win situation for all the stakeholders across the cotton textile value chain.
