The government is planning to provide funds worth Rs100 crore to help cotton exporters suffering from pricing problems.
 
If given the go-ahead by India's finance ministry, the proposal will help cotton growers receive the appropriate prices for their cotton.

 

The plan was announced by minister for textiles, Shankersinh Vaghela, at the 60th All India Diamond Textile Conference held by the Textile Association of India in Mumbai yesterday.

 

Vaghela also said that the Technology Upgradation Fund was going to be increased, which would, along with the cotton growers' fund, also help lead to more employment opportunities within the textile industry.

 

He said that Indian textiles exports have the potential to increase by 18 per cent annually, reaching $40 billion by 2010.