Price range 2025: Ambika Cotton, different textile shares rally as much as 9% as FM broadcasts 5-year cotton mission
Following the announcement, Ambika Cotton Mills jumped as a lot as 9% to commerce at Rs 1,630, adopted by KPR Mills, up almost 4%. Vardhman Textiles and Arvind, in the meantime, rallied 2% and 4%, respectively.
“Aligned with our built-in 5F imaginative and prescient for the textile sector, it will assist improve the incomes of farmers and guarantee a gentle provide of high quality cotton to rejuvenate India’s conventional textile sector,” the finance minister stated in her file eighth Price range speech.
The mission will concentrate on cotton productiveness that may enhance extra-long staple cotton varieties, aiming to reinforce high quality cotton.
Moreover, Sitharman additionally introduced that Kisan Credit score Playing cards will facilitate short-term loans for 7.7 crore farmers. The mortgage restrict underneath the modified curiosity subvention scheme shall be elevated from Rs 3 lakh to Rs 5 lakh for loans taken by means of KCC.
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