Khargone's cotton industry is breaking down, traders have high expectations from the Finance Minister in the budget
By DHEERAJ GUPTA 2025-01-29 13:00:14
The cotton business in Khargone is collapsing, and traders are expecting the Finance Minister to deliver a budget that meets their expectations.
Khargone Cotton Industry: The budget is going to be presented in the Parliament, for which the industrialists associated with the industry have demanded from the Finance Minister of the Central Government to make a detailed plan for the cotton industry. So that the dying industries of cotton can get a lifeline. Our correspondent discussed with the industrialists doing cotton business regarding the budget.
Madhya Pradesh Cotton Association President Kailash Agarwal says that there is a demand for cotton not only in the country but also abroad. Cotton crop is grown in 2 lakh hectares in Madhya Pradesh and the fiber of the cotton here is good. There is also a demand for this cotton, but the industries are breaking down due to taking GST RCM advance.
Finance Minister needs to pay attention Cotton trader Narendra Gandhi said that if seen at present, not only the ginning industry of Nimar region but the whole country is going through a lot of crisis. Because of the global recession and our industry is very troubled. We want Finance Minister Sitharaman to pay attention in the budget on how to promote the cotton industry.
Cotton factories are closing down
In the last few years, many factories of the cotton industry have also closed down. This situation is getting worse. He has expressed hope that there should be a policy so that the country's textile and cotton industry can operate smoothly.
Appeal to the government to remove RCM
For the last two or three years, it has been seen that the cotton industry is closing down and the government is not paying attention. If seen in GST, the cotton industry is also very upset with RCM in GST. We have to pay GST on the purchase price of cotton.
Requesting for five years
We have requested the government many times, but no attention has been paid to it for five years. In this budget, it is expected that the Finance Minister will think about RCM and remove it. This is the intense demand of our cotton industry.
Cotton prices are falling Cotton trader Kalyan Agarwal said that he is having some expectations regarding the general budget. He says that cotton is planted in a very large area in Khargone. Cotton is our main crop. The price of cotton has fallen in the world, the price of cotton has fallen. Due to increase in its SP for two consecutive years, cotton has started getting imported from abroad.
