Welcome to jimtrade
Sign In | Join Free
Home > Trade News > NSL plans Rs 380cr cotton project
NSL plans Rs 380cr cotton project
NSL plans Rs 380cr cotton project
NSL Cotton Corporation (NCC), a division of Hyderabad-based hybrid cotton seed producer, Nuziveedu Seeds Limited, proposes to set up an integrated cotton development project in Andhra Pradesh at a cost of Rs 380 crore. The project envisages setting up of 38 modern ginning and pressing units at 38 locations in 14 districts by tying up with 250,000 farmers covering 800,000 acres. It is expected to provide employment to 3,000 people directly and 20,000 indirectly in the rural areas.

The proposal was submitted to chief minister, YS Rajasekhara Reddy, by NCC chairman M Prabhakar Rao at a meeting held at the Secretariat on Friday. Rao told the chief minister that NCC would support cotton cultivators by purchasing their produce, arranging supply of credit, insurance, quality inputs and provision of technical advisory services.

He requested the state government for allotment of 1,420 acres at market price in the 38 locations and appealed for providing necessary infrastructure like power lines, roads and incentives according to the state industrial policy.

Posted On : 7/15/2008 9:54:04 AM

NSL plans Rs 380cr cotton project