Smt. Panabaaka Lakshmi, Minister of State for Textiles has informed that government has placed in public domain the draft Cotton Trade (Development and Regulation) Bill, 2012.
The Bill seeks to safeguard the interests of the textile industry, trade and consumers. It will help in making a realistic assessment of the distribution and to assess consumption of raw cotton in the country.
The draft Bill was discussed with the Members of the Cotton Advisory Board on April 18, 2012. Inter Governmental consultations with State Governments are being undertaken to evolve a consensus on the provisions of the draft bill.
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