With the rising input costs of the textile industry due to a sharp hike in the minimum support price (MSP) of cotton in September, the Prime Minister (PM), Manmohan Singh is likely to discuss about the bailout for the industry, said Sharad Pawar, agriculture minister.
The Centre has increased the MSP of standard cotton (long staple) to Rs 3,000 a quintal this year from Rs 2,030 in the previous year.
The MSP of medium staple cotton has been raised to Rs 2,500 from Rs 1,800 a quintal.
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